HIFI CAR CONCEPT: what changed
What changed
HIFI CAR CONCEPT
NACE 33.130, Repair, maintenance and installation of machinery and equipment
filed annual accounts (NBB)
Net result for the year
€634
2023 · €1,622-€988
Equity
€57,448
2023 · €56,814+€634
Cash
€2,197
2023 · €9,829-€7,631
Balance sheet total
€249,177
2023 · €305,858-€56,681
Largest movements
Assets
- Deferred charges and accrued income -€27,851
no longer reported in 2024 (was €27,851)
- Receivables within one year -€20,238
down €20,238 (-51.2%), from €39,526 to €19,288
- Cash -€7,631
down €7,631 (-77.6%), from €9,829 to €2,197
mainly Tax, wage and social debts (-€48,011) and Debts after one year (-€39,627)
Equity and liabilities
- Other debts +€71,976
up €71,976 (+799%), from €9,009 to €80,985
- Tax, wage and social debts -€48,011
down €48,011 (-87.4%), from €54,938 to €6,927
of which Remuneration and social security: -€42,018
- Debts after one year -€39,627
no longer reported in 2024 (was €39,627)
- Trade debts -€31,140
down €31,140 (-59.7%), from €52,122 to €20,981
- Accrued charges and deferred income -€5,748
down €5,748 (-59.1%), from €9,723 to €3,975
Income statement
- Other operating charges +€7,535
up €7,535 (+1,281%), from €588 to €8,123
- Staff costs -€5,875
down €5,875 (-14.1%), from €41,704 to €35,829
- Financial charges -€938
down €938 (-39.4%), from €2,378 to €1,440
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€1,622
Gross operating margin
-€266
Staff costs
+€5,875
Other operating charges
-€7,535
Financial income
-€0
Financial charges
+€938
Result 2024
€634
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€37,145
Investment
-€384
Financing
-€44,392
Cash 2023
€9,829
From operations (derived)
+€37,145
Net result for the year
+€634
Stocks and contracts
+€1,345
Receivables within one year
+€20,238
Deferred charges and accrued income
+€27,851
Trade debts
-€31,140
Tax, wage and social debts
-€48,011
Other debts
+€71,976
Accrued charges and deferred income
-€5,748
Investment (derived)
-€384
Investment in fixed assets (net)
-€384
Financing
-€44,392
Debts after one year
-€39,627
Current portion of long-term debt
-€4,765
Cash 2024
€2,197
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,858 | €249,177 | -€56,681 | -18.5% |
| Fixed assets | 21/28 | €162,300 | €162,685 | +€384 | +0.2% |
| Tangible fixed assets | 22/27 | €162,235 | €162,620 | +€384 | +0.2% |
| Land and buildings | 22 | €160,046 | €160,046 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,700 | €2,084 | +€384 | +22.6% |
| Furniture and vehicles | 24 | €490 | €490 | = | 0.0% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €143,558 | €86,493 | -€57,065 | -39.8% |
| Stocks and contracts in progress | 3 | €66,353 | €65,008 | -€1,345 | -2.0% |
| Stocks | 30/36 | €66,353 | €65,008 | -€1,345 | -2.0% |
| Amounts receivable within one year | 40/41 | €39,526 | €19,288 | -€20,238 | -51.2% |
| Trade receivables | 40 | €39,526 | €19,288 | -€20,238 | -51.2% |
| Cash at bank and in hand | 54/58 | €9,829 | €2,197 | -€7,631 | -77.6% |
| Deferred charges and accrued income | 490/1 | €27,851 | - | -€27,851 | |
| Total equity and liabilities | 10/49 | €305,858 | €249,177 | -€56,681 | -18.5% |
| Equity | 10/15 | €56,814 | €57,448 | +€634 | +1.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €4,430 | €4,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €830 | €830 | = | 0.0% |
| Reserves not available under the articles | 1311 | €830 | €830 | = | 0.0% |
| Distributable reserves | 133 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,616 | -€96,982 | +€634 | +0.6% |
| Amounts payable | 17/49 | €249,044 | €191,729 | -€57,315 | -23.0% |
| Amounts payable after more than one year | 17 | €39,627 | - | -€39,627 | |
| Financial debts | 170/4 | €39,627 | - | -€39,627 | |
| Amounts payable within one year | 42/48 | €199,695 | €187,755 | -€11,940 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €47,627 | €42,862 | -€4,765 | -10.0% |
| Financial debts | 43 | €36,000 | €36,000 | = | 0.0% |
| Other loans | 439 | €36,000 | €36,000 | = | 0.0% |
| Trade debts | 44 | €52,122 | €20,981 | -€31,140 | -59.7% |
| Suppliers | 440/4 | €52,122 | €20,981 | -€31,140 | -59.7% |
| Taxes, remuneration and social security | 45 | €54,938 | €6,927 | -€48,011 | -87.4% |
| Taxes | 450/3 | €12,920 | €6,927 | -€5,993 | -46.4% |
| Remuneration and social security | 454/9 | €42,018 | - | -€42,018 | |
| Other amounts payable | 47/48 | €9,009 | €80,985 | +€71,976 | +799% |
| Accrued charges and deferred income | 492/3 | €9,723 | €3,975 | -€5,748 | -59.1% |
| Turnover | 70 | €75,420 | €75,575 | +€155 | +0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,128 | €29,549 | +€421 | +1.4% |
| Remuneration, social security and pensions | 62 | €41,704 | €35,829 | -€5,875 | -14.1% |
| Other operating charges | 640/8 | €588 | €8,123 | +€7,535 | +1,281% |
| Gross operating margin | 9900 | €46,293 | €46,026 | -€266 | -0.6% |
| Operating profit (loss) | 9901 | €4,000 | €2,074 | -€1,926 | -48.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,378 | €1,440 | -€938 | -39.4% |
| Recurring financial charges | 65 | €2,378 | €1,440 | -€938 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €1,622 | €634 | -€988 | -60.9% |
| Profit (loss) for the period | 9904 | €1,622 | €634 | -€988 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,622 | €634 | -€988 | -60.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.