NAXCAR: 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.
NAXCAR
Largest movements
- Receivables within one year +€53,062
up €53,062 (+1,837%), from €2,889 to €55,951
- Deferred charges and accrued income +€7,519
new in 2025: €7,519
- Tangible fixed assets -€6,682
no longer reported in 2025 (was €6,682)
- Cash +€5,526
up €5,526 (+111%), from €4,974 to €10,500
mainly Trade debts (+€44,619) and Other debts (+€13,518)
- Trade debts +€44,619
up €44,619 (+652%), from €6,849 to €51,468
- Other debts +€13,518
up €13,518 (+14.1%), from €95,735 to €109,253
- Tax, wage and social debts +€1,161
up €1,161 (+28.4%), from €4,083 to €5,244
- Gross operating margin +€7,817
up €7,817, from -€664 to €7,153
- Other operating charges -€991
down €991 (-98.9%), from €1,002 to €11
- Financial income -€718
no longer reported in 2025 (was €718)
- Financial charges -€708
down €708 (-68.1%), from €1,040 to €332
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 | €31,166 | €90,592 | +€59,426 | +191% |
| Fixed assets | 21/28 | €8,632 | €1,950 | -€6,682 | -77.4% |
| Tangible fixed assets | 22/27 | €6,682 | - | -€6,682 | |
| Furniture and vehicles | 24 | €6,682 | - | -€6,682 | |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €22,534 | €88,642 | +€66,108 | +293% |
| Stocks and contracts in progress | 3 | €14,672 | €14,672 | = | 0.0% |
| Stocks | 30/36 | €14,672 | €14,672 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,889 | €55,951 | +€53,062 | +1,837% |
| Trade receivables | 40 | €2,889 | €55,951 | +€53,062 | +1,837% |
| Cash at bank and in hand | 54/58 | €4,974 | €10,500 | +€5,526 | +111% |
| Deferred charges and accrued income | 490/1 | - | €7,519 | +€7,519 | |
| Total equity and liabilities | 10/49 | €31,166 | €90,592 | +€59,426 | +191% |
| Equity | 10/15 | -€75,501 | -€75,373 | +€128 | +0.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,361 | -€87,233 | +€128 | +0.1% |
| Amounts payable | 17/49 | €106,667 | €165,965 | +€59,298 | +55.6% |
| Amounts payable within one year | 42/48 | €106,667 | €165,965 | +€59,298 | +55.6% |
| Trade debts | 44 | €6,849 | €51,468 | +€44,619 | +652% |
| Suppliers | 440/4 | €6,849 | €51,468 | +€44,619 | +652% |
| Taxes, remuneration and social security | 45 | €4,083 | €5,244 | +€1,161 | +28.4% |
| Taxes | 450/3 | €4,083 | €5,244 | +€1,161 | +28.4% |
| Other amounts payable | 47/48 | €95,735 | €109,253 | +€13,518 | +14.1% |
| Remuneration, social security and pensions | 62 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,700 | €6,682 | -€18 | -0.3% |
| Other operating charges | 640/8 | €1,002 | €11 | -€991 | -98.9% |
| Gross operating margin | 9900 | -€664 | €7,153 | +€7,817 | |
| Operating profit (loss) | 9901 | -€8,377 | €460 | +€8,837 | |
| Financial income | 75/76B | €718 | - | -€718 | |
| Recurring financial income | 75 | €718 | - | -€718 | |
| Financial charges | 65/66B | €1,040 | €332 | -€708 | -68.1% |
| Recurring financial charges | 65 | €1,040 | €332 | -€708 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,699 | €128 | +€8,827 | |
| Profit (loss) for the period | 9904 | -€8,699 | €128 | +€8,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,699 | €128 | +€8,827 |
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 17 October 2026 via checked.be.