MORE THAN A CAR: what changed
MORE THAN A CAR
Largest movements
- Cash -€75,183
down €75,183 (-90.2%), from €83,314 to €8,131
mainly Receivables within one year (-€33,996) and Net result for the year (-€27,571)
- Receivables within one year +€33,996
up €33,996 (+61.8%), from €55,042 to €89,038
- Tangible fixed assets +€12,783
up €12,783 (+5.6%), from €226,503 to €239,286
- Profit (loss) carried forward -€24,236
down €24,236 (-9.9%), from €245,730 to €221,494
- Gross operating margin +€25,338
up €25,338 (+55.9%), from -€45,317 to -€19,979
- Depreciation -€1,667
down €1,667 (-18.9%), from €8,834 to €7,167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,859 | €336,455 | -€28,404 | -7.8% |
| Fixed assets | 21/28 | €226,503 | €239,286 | +€12,783 | +5.6% |
| Tangible fixed assets | 22/27 | €226,503 | €239,286 | +€12,783 | +5.6% |
| Land and buildings | 22 | €226,503 | €239,286 | +€12,783 | +5.6% |
| Current assets | 29/58 | €138,356 | €97,169 | -€41,187 | -29.8% |
| Amounts receivable within one year | 40/41 | €55,042 | €89,038 | +€33,996 | +61.8% |
| Other amounts receivable | 41 | €55,042 | €89,038 | +€33,996 | +61.8% |
| Cash at bank and in hand | 54/58 | €83,314 | €8,131 | -€75,183 | -90.2% |
| Total equity and liabilities | 10/49 | €364,859 | €336,455 | -€28,404 | -7.8% |
| Equity | 10/15 | €339,567 | €311,996 | -€27,571 | -8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,237 | €71,902 | -€3,335 | -4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,377 | €70,042 | -€3,335 | -4.5% |
| Profit (loss) carried forward | 14 | €245,730 | €221,494 | -€24,236 | -9.9% |
| Provisions and deferred taxes | 16 | €25,292 | €24,459 | -€833 | -3.3% |
| Deferred taxes | 168 | €25,292 | €24,459 | -€833 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,834 | €7,167 | -€1,667 | -18.9% |
| Other operating charges | 640/8 | €1,533 | €1,188 | -€345 | -22.5% |
| Gross operating margin | 9900 | -€45,317 | -€19,979 | +€25,338 | +55.9% |
| Operating profit (loss) | 9901 | -€55,684 | -€28,334 | +€27,350 | +49.1% |
| Financial charges | 65/66B | €51 | €71 | +€20 | +39.2% |
| Recurring financial charges | 65 | €51 | €71 | +€20 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,735 | -€28,405 | +€27,330 | +49.0% |
| Transfer from deferred taxes | 780 | €834 | €834 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€54,901 | -€27,571 | +€27,330 | +49.8% |
| Transfer from tax-exempt reserves | 789 | €3,335 | €3,335 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,566 | -€24,236 | +€27,330 | +53.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.