HANDICAP - CAR: 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.
HANDICAP - CAR
Largest movements
- Tangible fixed assets +€62,491
up €62,491 (+6.1%), from €1.0m to €1.1m
of which Furniture and vehicles: +€36,205
- Receivables within one year -€36,021
down €36,021 (-53.0%), from €68,022 to €32,000
of which Trade receivables: -€51,052
- Other debts -€61,087
down €61,087 (-39.8%), from €153,515 to €92,428
- Reserves +€33,000
up €33,000 (+11.2%), from €294,359 to €327,359
of which Distributable reserves: +€33,000
- Short-term financial debts +€25,535
up €25,535 (+43.5%), from €58,697 to €84,232
- Tax, wage and social debts +€18,594
up €18,594 (+15.6%), from €119,428 to €138,022
of which Taxes: +€39,623
- Staff costs +€95,474
up €95,474 (+23.8%), from €401,756 to €497,230
- Taxes -€60,618
down €60,618 (-70.5%), from €86,011 to €25,393
- Depreciation +€35,771
up €35,771 (+46.5%), from €77,003 to €112,774
- Financial charges +€23,591
up €23,591 (+168%), from €14,074 to €37,666
- Financial income -€21,926
down €21,926 (-91.3%), from €24,023 to €2,097
of which Non-recurring financial income: -€22,353
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 | €1,483,572 | €1,516,499 | +€32,927 | +2.2% |
| Fixed assets | 21/28 | €1,025,287 | €1,087,779 | +€62,491 | +6.1% |
| Tangible fixed assets | 22/27 | €1,023,838 | €1,086,329 | +€62,491 | +6.1% |
| Land and buildings | 22 | €794,968 | €814,234 | +€19,266 | +2.4% |
| Plant, machinery and equipment | 23 | €2,449 | €9,469 | +€7,020 | +287% |
| Furniture and vehicles | 24 | €226,421 | €262,626 | +€36,205 | +16.0% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €458,284 | €428,720 | -€29,564 | -6.5% |
| Amounts receivable within one year | 40/41 | €68,022 | €32,000 | -€36,021 | -53.0% |
| Trade receivables | 40 | €68,022 | €16,970 | -€51,052 | -75.1% |
| Other amounts receivable | 41 | - | €15,031 | +€15,031 | |
| Cash at bank and in hand | 54/58 | €385,711 | €378,207 | -€7,504 | -1.9% |
| Deferred charges and accrued income | 490/1 | €4,552 | €18,513 | +€13,961 | +307% |
| Total equity and liabilities | 10/49 | €1,483,572 | €1,516,499 | +€32,927 | +2.2% |
| Equity | 10/15 | €317,289 | €350,423 | +€33,135 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €294,359 | €327,359 | +€33,000 | +11.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €292,500 | €325,500 | +€33,000 | +11.3% |
| Profit (loss) carried forward | 14 | €4,337 | €4,472 | +€135 | +3.1% |
| Amounts payable | 17/49 | €1,166,283 | €1,166,076 | -€208 | 0.0% |
| Amounts payable after more than one year | 17 | €804,497 | €810,652 | +€6,156 | +0.8% |
| Financial debts | 170/4 | €804,497 | €810,652 | +€6,156 | +0.8% |
| Amounts payable within one year | 42/48 | €361,787 | €355,423 | -€6,363 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €23,577 | €21,548 | -€2,028 | -8.6% |
| Financial debts | 43 | €58,697 | €84,232 | +€25,535 | +43.5% |
| Credit institutions | 430/8 | €58,697 | €84,232 | +€25,535 | +43.5% |
| Trade debts | 44 | €6,571 | €19,193 | +€12,622 | +192% |
| Suppliers | 440/4 | €6,571 | €19,193 | +€12,622 | +192% |
| Taxes, remuneration and social security | 45 | €119,428 | €138,022 | +€18,594 | +15.6% |
| Taxes | 450/3 | €40,889 | €80,512 | +€39,623 | +96.9% |
| Remuneration and social security | 454/9 | €78,539 | €57,510 | -€21,029 | -26.8% |
| Other amounts payable | 47/48 | €153,515 | €92,428 | -€61,087 | -39.8% |
| Remuneration, social security and pensions | 62 | €401,756 | €497,230 | +€95,474 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,003 | €112,774 | +€35,771 | +46.5% |
| Other operating charges | 640/8 | €7,141 | €7,562 | +€421 | +5.9% |
| Non-recurring operating charges | 66A | €74 | €147 | +€73 | +98.2% |
| Gross operating margin | 9900 | €763,568 | €751,809 | -€11,759 | -1.5% |
| Operating profit (loss) | 9901 | €277,594 | €134,096 | -€143,498 | -51.7% |
| Financial income | 75/76B | €24,023 | €2,097 | -€21,926 | -91.3% |
| Recurring financial income | 75 | €1,050 | €1,477 | +€427 | +40.7% |
| Non-recurring financial income | 76B | €22,973 | €620 | -€22,353 | -97.3% |
| Financial charges | 65/66B | €14,074 | €37,666 | +€23,591 | +168% |
| Recurring financial charges | 65 | €14,074 | €37,666 | +€23,591 | +168% |
| Profit (loss) for the period before taxes | 9903 | €287,542 | €98,528 | -€189,015 | -65.7% |
| Income taxes | 67/77 | €86,011 | €25,393 | -€60,618 | -70.5% |
| Profit (loss) for the period | 9904 | €201,532 | €73,135 | -€128,397 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €201,532 | €73,135 | -€128,397 | -63.7% |
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 27 October 2026 via checked.be.