HTM CARS: 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.
HTM CARS
Largest movements
- Receivables within one year -€18,979
down €18,979 (-95.1%), from €19,967 to €988
of which Other amounts receivable: -€17,992
- Financial fixed assets +€17,992
new in 2025: €17,992
- Stocks and contracts -€8,078
down €8,078 (-11.9%), from €67,739 to €59,661
- Cash +€2,177
up €2,177 (+15.5%), from €14,044 to €16,220
mainly Receivables within one year (+€18,979) and Net result for the year (+€11,183)
- Trade debts -€15,682
down €15,682 (-23.2%), from €67,677 to €51,995
- Profit (loss) carried forward +€11,183
up €11,183 (+5,316%), from €210 to €11,393
- Other debts -€3,842
down €3,842 (-59.4%), from €6,470 to €2,629
- Tax, wage and social debts +€1,452
up €1,452 (+34.2%), from €4,240 to €5,692
- Gross operating margin -€5,487
down €5,487 (-30.3%), from €18,086 to €12,599
- Financial charges -€1,263
down €1,263 (-86.8%), from €1,455 to €193
- Taxes +€723
new in 2025: €723
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 | €101,750 | €94,861 | -€6,889 | -6.8% |
| Fixed assets | 21/28 | - | €17,992 | +€17,992 | |
| Financial fixed assets | 28 | - | €17,992 | +€17,992 | |
| Current assets | 29/58 | €101,750 | €76,869 | -€24,881 | -24.5% |
| Stocks and contracts in progress | 3 | €67,739 | €59,661 | -€8,078 | -11.9% |
| Stocks | 30/36 | €67,739 | €59,661 | -€8,078 | -11.9% |
| Amounts receivable within one year | 40/41 | €19,967 | €988 | -€18,979 | -95.1% |
| Trade receivables | 40 | €1,975 | €988 | -€987 | -50.0% |
| Other amounts receivable | 41 | €17,992 | - | -€17,992 | |
| Cash at bank and in hand | 54/58 | €14,044 | €16,220 | +€2,177 | +15.5% |
| Total equity and liabilities | 10/49 | €101,750 | €94,861 | -€6,889 | -6.8% |
| Equity | 10/15 | €20,670 | €31,853 | +€11,183 | +54.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210 | €11,393 | +€11,183 | +5,316% |
| Amounts payable | 17/49 | €81,079 | €63,008 | -€18,072 | -22.3% |
| Amounts payable within one year | 42/48 | €81,079 | €63,008 | -€18,072 | -22.3% |
| Financial debts | 43 | €2,692 | €2,692 | = | 0.0% |
| Credit institutions | 430/8 | €2,692 | €2,692 | = | 0.0% |
| Trade debts | 44 | €67,677 | €51,995 | -€15,682 | -23.2% |
| Suppliers | 440/4 | €67,677 | €51,995 | -€15,682 | -23.2% |
| Taxes, remuneration and social security | 45 | €4,240 | €5,692 | +€1,452 | +34.2% |
| Taxes | 450/3 | €4,240 | €5,692 | +€1,452 | +34.2% |
| Other amounts payable | 47/48 | €6,470 | €2,629 | -€3,842 | -59.4% |
| Other operating charges | 640/8 | €436 | €500 | +€64 | +14.6% |
| Gross operating margin | 9900 | €18,086 | €12,599 | -€5,487 | -30.3% |
| Operating profit (loss) | 9901 | €17,650 | €12,098 | -€5,551 | -31.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,455 | €193 | -€1,263 | -86.8% |
| Recurring financial charges | 65 | €1,455 | €193 | -€1,263 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €16,194 | €11,906 | -€4,288 | -26.5% |
| Income taxes | 67/77 | - | €723 | +€723 | |
| Profit (loss) for the period | 9904 | €16,194 | €11,183 | -€5,011 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,194 | €11,183 | -€5,011 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.