N.S. 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.
N.S. CAR
Largest movements
- Tangible fixed assets +€14,834
up €14,834 (+27.3%), from €54,437 to €69,272
of which Furniture and vehicles: +€11,278
- Receivables within one year -€9,658
down €9,658 (-92.1%), from €10,488 to €830
of which Trade receivables: -€9,092
- Cash -€1,601
down €1,601 (-40.7%), from €3,935 to €2,334
mainly Investment in fixed assets (net) (-€42,654) and Other debts (-€25,088)
- Profit (loss) carried forward +€28,393
up €28,393, from -€4,403 to €23,990
- Other debts -€25,088
down €25,088 (-64.7%), from €38,756 to €13,667
- Tax, wage and social debts +€1,031
up €1,031 (+347%), from €297 to €1,328
of which Remuneration and social security: +€618
- Gross operating margin +€48,725
up €48,725 (+343%), from €14,200 to €62,925
- Depreciation +€12,353
up €12,353 (+79.9%), from €15,466 to €27,820
- Other operating charges +€5,719
new in 2025: €5,719
- Staff costs +€940
new in 2025: €940
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 | €68,861 | €72,625 | +€3,764 | +5.5% |
| Fixed assets | 21/28 | €54,437 | €69,272 | +€14,834 | +27.3% |
| Tangible fixed assets | 22/27 | €54,437 | €69,272 | +€14,834 | +27.3% |
| Plant, machinery and equipment | 23 | - | €3,557 | +€3,557 | |
| Furniture and vehicles | 24 | €54,437 | €65,715 | +€11,278 | +20.7% |
| Current assets | 29/58 | €14,423 | €3,353 | -€11,070 | -76.8% |
| Amounts receivable within one year | 40/41 | €10,488 | €830 | -€9,658 | -92.1% |
| Trade receivables | 40 | €9,356 | €265 | -€9,092 | -97.2% |
| Other amounts receivable | 41 | €1,132 | €566 | -€566 | -50.0% |
| Cash at bank and in hand | 54/58 | €3,935 | €2,334 | -€1,601 | -40.7% |
| Deferred charges and accrued income | 490/1 | - | €188 | +€188 | |
| Total equity and liabilities | 10/49 | €68,861 | €72,625 | +€3,764 | +5.5% |
| Equity | 10/15 | €25,597 | €53,990 | +€28,393 | +111% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,403 | €23,990 | +€28,393 | |
| Amounts payable | 17/49 | €43,263 | €18,635 | -€24,628 | -56.9% |
| Amounts payable within one year | 42/48 | €43,263 | €18,635 | -€24,628 | -56.9% |
| Trade debts | 44 | €4,211 | €3,640 | -€571 | -13.6% |
| Suppliers | 440/4 | €4,211 | €3,640 | -€571 | -13.6% |
| Taxes, remuneration and social security | 45 | €297 | €1,328 | +€1,031 | +347% |
| Taxes | 450/3 | €297 | €710 | +€413 | +139% |
| Remuneration and social security | 454/9 | - | €618 | +€618 | |
| Other amounts payable | 47/48 | €38,756 | €13,667 | -€25,088 | -64.7% |
| Remuneration, social security and pensions | 62 | - | €940 | +€940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,466 | €27,820 | +€12,353 | +79.9% |
| Other operating charges | 640/8 | - | €5,719 | +€5,719 | |
| Gross operating margin | 9900 | €14,200 | €62,925 | +€48,725 | +343% |
| Operating profit (loss) | 9901 | -€1,266 | €28,447 | +€29,713 | |
| Financial charges | 65/66B | €54 | €55 | +€0 | +0.8% |
| Recurring financial charges | 65 | €54 | €55 | +€0 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,320 | €28,393 | +€29,713 | |
| Profit (loss) for the period | 9904 | -€1,320 | €28,393 | +€29,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,320 | €28,393 | +€29,713 |
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 19 October 2026 via checked.be.