SELECT CAR: what changed
Two fiscal 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.
SELECT CAR
Largest movements
- Cash -€3,779
down €3,779 (-72.1%), from €5,238 to €1,459
mainly Other debts (-€4,976) and Short-term financial debts (-€1,170)
- Receivables within one year +€244
up €244 (+8.1%), from €3,017 to €3,261
- Other debts -€4,976
down €4,976 (-2.5%), from €202,710 to €197,734
- Profit (loss) carried forward +€2,757
up €2,757 (+1.0%), from -€287,131 to -€284,374
- Short-term financial debts -€1,170
down €1,170 (-3.2%), from €36,854 to €35,684
- Purchases and services -€22,156
no longer reported in 2025 (was €22,156)
- Turnover -€19,316
no longer reported in 2025 (was €19,316)
- Gross operating margin +€11,661
up €11,661, from -€2,840 to €8,821
- Financial charges -€10,331
down €10,331 (-64.8%), from €15,934 to €5,603
- Depreciation -€440
no longer reported in 2025 (was €440)
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.
Cash bridge derived
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 | €20,900 | €17,365 | -€3,535 | -16.9% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €20,650 | €17,115 | -€3,535 | -17.1% |
| Amounts receivable within one year | 40/41 | €3,017 | €3,261 | +€244 | +8.1% |
| Other amounts receivable | 41 | €3,017 | €3,261 | +€244 | +8.1% |
| Current investments | 50/53 | €12,395 | €12,395 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,238 | €1,459 | -€3,779 | -72.1% |
| Total equity and liabilities | 10/49 | €20,900 | €17,365 | -€3,535 | -16.9% |
| Equity | 10/15 | -€219,014 | -€216,257 | +€2,757 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,117 | €6,117 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,117 | €6,117 | = | 0.0% |
| Legal reserve | 130 | €6,117 | €6,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,131 | -€284,374 | +€2,757 | +1.0% |
| Amounts payable | 17/49 | €239,914 | €233,622 | -€6,292 | -2.6% |
| Amounts payable within one year | 42/48 | €239,914 | €233,622 | -€6,292 | -2.6% |
| Financial debts | 43 | €36,854 | €35,684 | -€1,170 | -3.2% |
| Credit institutions | 430/8 | €36,854 | €35,684 | -€1,170 | -3.2% |
| Trade debts | 44 | €350 | €204 | -€146 | -41.7% |
| Suppliers | 440/4 | €350 | €204 | -€146 | -41.7% |
| Other amounts payable | 47/48 | €202,710 | €197,734 | -€4,976 | -2.5% |
| Turnover | 70 | €19,316 | - | -€19,316 | |
| Goods, raw materials, services and sundry goods | 60/61 | €22,156 | - | -€22,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | - | -€440 | |
| Other operating charges | 640/8 | €387 | €461 | +€74 | +19.1% |
| Gross operating margin | 9900 | -€2,840 | €8,821 | +€11,661 | |
| Operating profit (loss) | 9901 | -€3,667 | €8,360 | +€12,027 | |
| Financial charges | 65/66B | €15,934 | €5,603 | -€10,331 | -64.8% |
| Recurring financial charges | 65 | €15,934 | €5,603 | -€10,331 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,601 | €2,757 | +€22,358 | |
| Income taxes | 67/77 | €349 | - | -€349 | |
| Profit (loss) for the period | 9904 | -€19,950 | €2,757 | +€22,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,950 | €2,757 | +€22,707 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.