H-CARMOTION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
H-CARMOTION
Largest movements
- Cash +€81,647
up €81,647 (+155%), from €52,628 to €134,274
mainly Net result for the year (+€70,203) and Tax, wage and social debts (+€20,426)
- Receivables within one year +€10,371
up €10,371 (+26.0%), from €39,964 to €50,335
of which Trade receivables: +€21,616
- Stocks and contracts +€10,272
up €10,272 (+5.7%), from €180,024 to €190,297
- Financial fixed assets -€8,500
down €8,500 (-76.2%), from €11,160 to €2,660
- Reserves +€70,203
up €70,203 (+54.5%), from €128,703 to €198,906
- Tax, wage and social debts +€20,426
up €20,426 (+149%), from €13,701 to €34,128
- Debts after one year -€19,959
no longer reported in 2025 (was €19,959)
- Advances received +€17,272
new in 2025: €17,272
- Trade debts -€14,423
no longer reported in 2025 (was €14,423)
- Gross operating margin +€67,558
up €67,558 (+123%), from €54,797 to €122,355
- Financial charges +€20,250
up €20,250 (+1,455%), from €1,391 to €21,642
- Taxes +€11,989
up €11,989 (+90.3%), from €13,281 to €25,270
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,123 | €382,350 | +€92,227 | +31.8% |
| Fixed assets | 21/28 | €17,507 | €7,444 | -€10,063 | -57.5% |
| Tangible fixed assets | 22/27 | €6,347 | €4,784 | -€1,563 | -24.6% |
| Plant, machinery and equipment | 23 | €808 | €585 | -€223 | -27.6% |
| Furniture and vehicles | 24 | €5,539 | €4,199 | -€1,340 | -24.2% |
| Financial fixed assets | 28 | €11,160 | €2,660 | -€8,500 | -76.2% |
| Current assets | 29/58 | €272,616 | €374,906 | +€102,290 | +37.5% |
| Stocks and contracts in progress | 3 | €180,024 | €190,297 | +€10,272 | +5.7% |
| Stocks | 30/36 | €180,024 | €190,297 | +€10,272 | +5.7% |
| Amounts receivable within one year | 40/41 | €39,964 | €50,335 | +€10,371 | +26.0% |
| Trade receivables | 40 | €14,084 | €35,700 | +€21,616 | +153% |
| Other amounts receivable | 41 | €25,880 | €14,635 | -€11,245 | -43.5% |
| Cash at bank and in hand | 54/58 | €52,628 | €134,274 | +€81,647 | +155% |
| Total equity and liabilities | 10/49 | €290,123 | €382,350 | +€92,227 | +31.8% |
| Equity | 10/15 | €129,703 | €199,906 | +€70,203 | +54.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €128,703 | €198,906 | +€70,203 | +54.5% |
| Distributable reserves | 133 | €128,703 | €198,906 | +€70,203 | +54.5% |
| Amounts payable | 17/49 | €160,420 | €182,444 | +€22,024 | +13.7% |
| Amounts payable after more than one year | 17 | €19,959 | - | -€19,959 | |
| Financial debts | 170/4 | €19,959 | - | -€19,959 | |
| Amounts payable within one year | 42/48 | €140,461 | €182,444 | +€41,983 | +29.9% |
| Financial debts | 43 | €111,742 | €125,000 | +€13,258 | +11.9% |
| Credit institutions | 430/8 | €111,742 | €125,000 | +€13,258 | +11.9% |
| Trade debts | 44 | €14,423 | - | -€14,423 | |
| Suppliers | 440/4 | €14,423 | - | -€14,423 | |
| Advances received on contracts in progress | 46 | - | €17,272 | +€17,272 | |
| Taxes, remuneration and social security | 45 | €13,701 | €34,128 | +€20,426 | +149% |
| Taxes | 450/3 | €13,701 | €34,128 | +€20,426 | +149% |
| Other amounts payable | 47/48 | €596 | €6,044 | +€5,449 | +915% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,383 | €1,563 | +€179 | +13.0% |
| Other operating charges | 640/8 | €3,049 | €3,677 | +€628 | +20.6% |
| Gross operating margin | 9900 | €54,797 | €122,355 | +€67,558 | +123% |
| Operating profit (loss) | 9901 | €50,364 | €117,115 | +€66,750 | +133% |
| Financial charges | 65/66B | €1,391 | €21,642 | +€20,250 | +1,455% |
| Recurring financial charges | 65 | €1,391 | €21,642 | +€20,250 | +1,455% |
| Profit (loss) for the period before taxes | 9903 | €48,973 | €95,473 | +€46,500 | +95.0% |
| Income taxes | 67/77 | €13,281 | €25,270 | +€11,989 | +90.3% |
| Profit (loss) for the period | 9904 | €35,692 | €70,203 | +€34,511 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,692 | €70,203 | +€34,511 | +96.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.