SECOND 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.
SECOND CARS
Largest movements
- Receivables within one year -€51,803
down €51,803 (-33.7%), from €153,574 to €101,771
of which Other amounts receivable: -€29,866
- Stocks and contracts -€35,205
down €35,205 (-41.3%), from €85,234 to €50,029
- Profit (loss) carried forward -€34,472
down €34,472 (-40.5%), from -€85,163 to -€119,635
- Trade debts -€29,684
down €29,684 (-30.1%), from €98,709 to €69,025
- Debts after one year -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Current portion of long-term debt -€8,563
no longer reported in 2025 (was €8,563)
- Other debts +€3,996
new in 2025: €3,996
- Financial charges -€4,001
down €4,001 (-82.9%), from €4,828 to €827
of which Financial charges: -€2,457
- Financial income -€3,865
down €3,865 (-53.0%), from €7,287 to €3,422
of which Financial income: -€2,212
- Other operating charges +€1,083
up €1,083 (+20.2%), from €5,371 to €6,454
- Staff costs -€741
no longer reported in 2025 (was €741)
- Gross operating margin -€529
down €529 (-1.9%), from -€27,140 to -€27,669
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 | €240,987 | €154,709 | -€86,278 | -35.8% |
| Fixed assets | 21/28 | €1,154 | €627 | -€527 | -45.7% |
| Tangible fixed assets | 22/27 | €554 | €27 | -€527 | -95.2% |
| Plant, machinery and equipment | 23 | €318 | €27 | -€292 | -91.6% |
| Furniture and vehicles | 24 | €236 | - | -€236 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €239,833 | €154,082 | -€85,751 | -35.8% |
| Stocks and contracts in progress | 3 | €85,234 | €50,029 | -€35,205 | -41.3% |
| Stocks | 30/36 | €85,234 | €50,029 | -€35,205 | -41.3% |
| Amounts receivable within one year | 40/41 | €153,574 | €101,771 | -€51,803 | -33.7% |
| Trade receivables | 40 | €78,357 | €56,419 | -€21,938 | -28.0% |
| Other amounts receivable | 41 | €75,217 | €45,352 | -€29,866 | -39.7% |
| Cash at bank and in hand | 54/58 | €963 | €1,321 | +€359 | +37.3% |
| Deferred charges and accrued income | 490/1 | €62 | €961 | +€899 | +1,452% |
| Total equity and liabilities | 10/49 | €240,987 | €154,709 | -€86,278 | -35.8% |
| Equity | 10/15 | €32,530 | €58 | -€32,472 | -99.8% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €59,093 | €61,093 | +€2,000 | +3.4% |
| Tax-exempt reserves | 132 | €59,093 | €61,093 | +€2,000 | +3.4% |
| Profit (loss) carried forward | 14 | -€85,163 | -€119,635 | -€34,472 | -40.5% |
| Amounts payable | 17/49 | €208,457 | €154,651 | -€53,806 | -25.8% |
| Amounts payable after more than one year | 17 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Financial debts | 170/4 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Amounts payable within one year | 42/48 | €107,572 | €73,302 | -€34,270 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €8,563 | - | -€8,563 | |
| Trade debts | 44 | €98,709 | €69,025 | -€29,684 | -30.1% |
| Suppliers | 440/4 | €98,709 | €69,025 | -€29,684 | -30.1% |
| Taxes, remuneration and social security | 45 | €300 | €281 | -€20 | -6.6% |
| Taxes | 450/3 | €300 | €281 | -€20 | -6.6% |
| Other amounts payable | 47/48 | - | €3,996 | +€3,996 | |
| Accrued charges and deferred income | 492/3 | €885 | €1,349 | +€464 | +52.4% |
| Remuneration, social security and pensions | 62 | €741 | - | -€741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €568 | €527 | -€41 | -7.2% |
| Other operating charges | 640/8 | €5,371 | €6,454 | +€1,083 | +20.2% |
| Gross operating margin | 9900 | -€27,140 | -€27,669 | -€529 | -1.9% |
| Operating profit (loss) | 9901 | -€33,821 | -€34,650 | -€829 | -2.5% |
| Financial income | 75/76B | €7,287 | €3,422 | -€3,865 | -53.0% |
| Recurring financial income | 75 | €5,634 | €3,422 | -€2,212 | -39.3% |
| Non-recurring financial income | 76B | €1,653 | - | -€1,653 | |
| Financial charges | 65/66B | €4,828 | €827 | -€4,001 | -82.9% |
| Recurring financial charges | 65 | €3,283 | €827 | -€2,457 | -74.8% |
| Non-recurring financial charges | 66B | €1,545 | - | -€1,545 | |
| Profit (loss) for the period before taxes | 9903 | -€31,362 | -€32,055 | -€693 | -2.2% |
| Income taxes | 67/77 | €39 | €417 | +€379 | +981% |
| Profit (loss) for the period | 9904 | -€31,401 | -€32,472 | -€1,071 | -3.4% |
| Transfer to tax-exempt reserves | 689 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,401 | -€34,472 | -€3,071 | -9.8% |
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 27 October 2026 via checked.be.