MODERN 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.
What changed
MODERN CAR
NACE 49.330, On-demand passenger transport by chauffeured vehicle
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,778
2024 · €83,019-€110,797
Equity
€791,151
2024 · €818,929-€27,778
Cash
€293,492
2024 · €269,612+€23,881
Balance sheet total
€1.8m
2024 · €2.2m-€348,137
Largest movements
Assets
- Receivables within one year -€312,020
down €312,020 (-29.6%), from €1.1m to €741,192
of which Trade receivables: -€292,072
- Deferred charges and accrued income -€45,134
down €45,134 (-12.9%), from €348,717 to €303,583
- Cash +€23,881
up €23,881 (+8.9%), from €269,612 to €293,492
mainly Receivables within one year (+€312,020) and Depreciation (+€169,770)
Equity and liabilities
- Trade debts -€305,303
down €305,303 (-52.6%), from €580,000 to €274,697
- Short-term financial debts -€54,277
down €54,277 (-72.1%), from €75,281 to €21,003
- Accrued charges and deferred income +€34,686
up €34,686 (+38.5%), from €90,001 to €124,687
- Reserves -€28,000
down €28,000 (-5.5%), from €506,218 to €478,218
of which Distributable reserves: -€28,000
- Current portion of long-term debt +€22,619
up €22,619 (+18.1%), from €124,667 to €147,286
Income statement
- Gross operating margin -€378,985
down €378,985 (-12.9%), from €2.9m to €2.6m
- Staff costs -€182,416
down €182,416 (-7.3%), from €2.5m to €2.3m
- Taxes -€45,890
down €45,890 (-86.6%), from €53,003 to €7,113
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.
Result 2024
€83,019
Gross operating margin
-€378,985
Staff costs
+€182,416
Depreciation
+€5,184
Write-downs
+€18,644
Other operating charges
-€16,089
Other operating items
+€17,591
Financial income
+€1,744
Financial charges
+€12,808
Taxes
+€45,890
Result 2025
-€27,778
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€222,147
Investment
-€154,907
Financing
-€43,360
Cash 2024
€269,612
From operations (derived)
+€222,147
Net result for the year
-€27,778
Depreciation
+€169,770
Receivables within one year
+€312,020
Deferred charges and accrued income
+€45,134
Provisions
-€20,084
Trade debts
-€305,303
Tax, wage and social debts
+€12,516
Other debts
+€1,187
Accrued charges and deferred income
+€34,686
Investment (derived)
-€154,907
Investment in fixed assets (net)
-€154,907
Financing
-€43,360
Debts after one year
-€11,701
Current portion of long-term debt
+€22,619
Short-term financial debts
-€54,277
Cash 2025
€293,492
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,150,322 | €1,802,185 | -€348,137 | -16.2% |
| Fixed assets | 21/28 | €478,781 | €463,918 | -€14,864 | -3.1% |
| Tangible fixed assets | 22/27 | €470,281 | €454,918 | -€15,364 | -3.3% |
| Plant, machinery and equipment | 23 | €54,769 | €54,378 | -€391 | -0.7% |
| Furniture and vehicles | 24 | €415,512 | €400,539 | -€14,973 | -3.6% |
| Financial fixed assets | 28 | €8,500 | €9,000 | +€500 | +5.9% |
| Current assets | 29/58 | €1,671,541 | €1,338,268 | -€333,273 | -19.9% |
| Amounts receivable within one year | 40/41 | €1,053,212 | €741,192 | -€312,020 | -29.6% |
| Trade receivables | 40 | €976,204 | €684,132 | -€292,072 | -29.9% |
| Other amounts receivable | 41 | €77,008 | €57,060 | -€19,948 | -25.9% |
| Cash at bank and in hand | 54/58 | €269,612 | €293,492 | +€23,881 | +8.9% |
| Deferred charges and accrued income | 490/1 | €348,717 | €303,583 | -€45,134 | -12.9% |
| Total equity and liabilities | 10/49 | €2,150,322 | €1,802,185 | -€348,137 | -16.2% |
| Equity | 10/15 | €818,929 | €791,151 | -€27,778 | -3.4% |
| Contributions | 10/11 | €312,184 | €312,184 | = | 0.0% |
| Reserves | 13 | €506,218 | €478,218 | -€28,000 | -5.5% |
| Non-distributable reserves | 130/1 | €31,218 | €31,218 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,218 | €31,218 | = | 0.0% |
| Distributable reserves | 133 | €475,000 | €447,000 | -€28,000 | -5.9% |
| Profit (loss) carried forward | 14 | €527 | €748 | +€222 | +42.1% |
| Provisions and deferred taxes | 16 | €20,084 | - | -€20,084 | |
| Provisions for liabilities and charges | 160/5 | €20,084 | - | -€20,084 | |
| Other liabilities and charges | 164/5 | €20,084 | - | -€20,084 | |
| Amounts payable | 17/49 | €1,311,309 | €1,011,035 | -€300,274 | -22.9% |
| Amounts payable after more than one year | 17 | €225,136 | €213,435 | -€11,701 | -5.2% |
| Financial debts | 170/4 | €225,136 | €203,435 | -€21,701 | -9.6% |
| Other amounts payable | 178/9 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €996,172 | €672,913 | -€323,258 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €124,667 | €147,286 | +€22,619 | +18.1% |
| Financial debts | 43 | €75,281 | €21,003 | -€54,277 | -72.1% |
| Credit institutions | 430/8 | €75,281 | €21,003 | -€54,277 | -72.1% |
| Trade debts | 44 | €580,000 | €274,697 | -€305,303 | -52.6% |
| Suppliers | 440/4 | €580,000 | €274,697 | -€305,303 | -52.6% |
| Taxes, remuneration and social security | 45 | €213,785 | €226,302 | +€12,516 | +5.9% |
| Taxes | 450/3 | €5,158 | €24,506 | +€19,348 | +375% |
| Remuneration and social security | 454/9 | €208,627 | €201,796 | -€6,832 | -3.3% |
| Other amounts payable | 47/48 | €2,439 | €3,625 | +€1,187 | +48.7% |
| Accrued charges and deferred income | 492/3 | €90,001 | €124,687 | +€34,686 | +38.5% |
| Non-recurring operating income | 76A | - | €20,290 | +€20,290 | |
| Remuneration, social security and pensions | 62 | €2,485,379 | €2,302,963 | -€182,416 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,954 | €169,770 | -€5,184 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,484 | -€28,128 | -€18,644 | -197% |
| Other operating charges | 640/8 | €35,738 | €51,827 | +€16,089 | +45.0% |
| Non-recurring operating charges | 66A | €17,591 | - | -€17,591 | |
| Gross operating margin | 9900 | €2,936,324 | €2,557,339 | -€378,985 | -12.9% |
| Operating profit (loss) | 9901 | €232,146 | €60,907 | -€171,239 | -73.8% |
| Financial income | 75/76B | €2,837 | €4,581 | +€1,744 | +61.5% |
| Recurring financial income | 75 | €2,837 | €4,581 | +€1,744 | +61.5% |
| Financial charges | 65/66B | €98,961 | €86,153 | -€12,808 | -12.9% |
| Recurring financial charges | 65 | €78,877 | €86,153 | +€7,276 | +9.2% |
| Non-recurring financial charges | 66B | €20,084 | - | -€20,084 | |
| Profit (loss) for the period before taxes | 9903 | €136,022 | -€20,665 | -€156,687 | |
| Income taxes | 67/77 | €53,003 | €7,113 | -€45,890 | -86.6% |
| Profit (loss) for the period | 9904 | €83,019 | -€27,778 | -€110,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,019 | -€27,778 | -€110,797 |
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 28 October 2026 via checked.be.