THE CARCAVE: 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.
What changed
THE CARCAVE
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,465
2024 · -€2,835+€13,300
Equity
€143,911
2024 · €133,446+€10,465
Cash
€52,566
2024 · €35,337+€17,229
Balance sheet total
€2.1m
2024 · €2.5m-€419,286
Largest movements
Assets
- Receivables within one year -€295,546
down €295,546 (-30.9%), from €956,194 to €660,648
of which Trade receivables: -€233,483
- Stocks and contracts -€153,686
down €153,686 (-12.2%), from €1.3m to €1.1m
of which Stocks: -€177,576
- Deferred charges and accrued income +€28,013
up €28,013 (+38.1%), from €73,541 to €101,554
Equity and liabilities
- Short-term financial debts -€240,000
down €240,000 (-59.3%), from €405,000 to €165,000
- Other debts -€167,585
down €167,585 (-10.4%), from €1.6m to €1.4m
- Trade debts -€71,163
down €71,163 (-24.2%), from €294,253 to €223,090
Income statement
- Turnover -€4.4m
no longer reported in 2025 (was €4.4m)
- Purchases and services -€4.2m
no longer reported in 2025 (was €4.2m)
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.
Result 2024
-€2,835
Gross operating margin
-€8,156
Staff costs
+€15,747
Depreciation
-€9,418
Other operating charges
-€20,514
Other operating items
+€593
Financial income
-€7,155
Financial charges
+€42,048
Taxes
+€153
Result 2025
€10,465
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€234,248
Investment
-€19,277
Financing
-€197,741
Cash 2024
€35,337
From operations (derived)
+€234,248
Net result for the year
+€10,465
Depreciation
+€34,573
Stocks and contracts
+€153,686
Receivables within one year
+€295,546
Deferred charges and accrued income
-€28,013
Trade debts
-€71,163
Tax, wage and social debts
+€1,457
Advances received
-€5,826
Other debts
-€167,585
Accrued charges and deferred income
+€11,108
Investment (derived)
-€19,277
Investment in fixed assets (net)
-€19,277
Financing
-€197,741
Debts after one year
+€22,317
Current portion of long-term debt
+€19,942
Short-term financial debts
-€240,000
Contributions, distributions and other
+€0
Cash 2025
€52,566
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,490,555 | €2,071,269 | -€419,286 | -16.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €163,124 | €147,828 | -€15,296 | -9.4% |
| Tangible fixed assets | 22/27 | €157,124 | €144,828 | -€12,296 | -7.8% |
| Plant, machinery and equipment | 23 | €34,017 | €51,210 | +€17,193 | +50.5% |
| Furniture and vehicles | 24 | €90,749 | €70,123 | -€20,626 | -22.7% |
| Other tangible fixed assets | 26 | €32,358 | €23,496 | -€8,862 | -27.4% |
| Financial fixed assets | 28 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Current assets | 29/58 | €2,327,431 | €1,923,441 | -€403,990 | -17.4% |
| Stocks and contracts in progress | 3 | €1,262,359 | €1,108,673 | -€153,686 | -12.2% |
| Stocks | 30/36 | €1,256,301 | €1,078,725 | -€177,576 | -14.1% |
| Contracts in progress | 37 | €6,058 | €29,947 | +€23,889 | +394% |
| Amounts receivable within one year | 40/41 | €956,194 | €660,648 | -€295,546 | -30.9% |
| Trade receivables | 40 | €878,970 | €645,487 | -€233,483 | -26.6% |
| Other amounts receivable | 41 | €77,224 | €15,161 | -€62,063 | -80.4% |
| Cash at bank and in hand | 54/58 | €35,337 | €52,566 | +€17,229 | +48.8% |
| Deferred charges and accrued income | 490/1 | €73,541 | €101,554 | +€28,013 | +38.1% |
| Total equity and liabilities | 10/49 | €2,490,555 | €2,071,269 | -€419,286 | -16.8% |
| Equity | 10/15 | €133,446 | €143,911 | +€10,465 | +7.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €106,281 | €113,911 | +€7,630 | +7.2% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €103,281 | €113,911 | +€10,630 | +10.3% |
| Profit (loss) carried forward | 14 | -€2,835 | - | +€2,835 | |
| Amounts payable | 17/49 | €2,357,109 | €1,927,358 | -€429,751 | -18.2% |
| Amounts payable after more than one year | 17 | - | €22,317 | +€22,317 | |
| Financial debts | 170/4 | - | €22,317 | +€22,317 | |
| Amounts payable within one year | 42/48 | €2,331,409 | €1,868,234 | -€463,175 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | - | €19,942 | +€19,942 | |
| Financial debts | 43 | €405,000 | €165,000 | -€240,000 | -59.3% |
| Credit institutions | 430/8 | €405,000 | €165,000 | -€240,000 | -59.3% |
| Trade debts | 44 | €294,253 | €223,090 | -€71,163 | -24.2% |
| Suppliers | 440/4 | €294,253 | €223,090 | -€71,163 | -24.2% |
| Advances received on contracts in progress | 46 | €5,826 | - | -€5,826 | |
| Taxes, remuneration and social security | 45 | €18,586 | €20,043 | +€1,457 | +7.8% |
| Taxes | 450/3 | €10,068 | €8,171 | -€1,897 | -18.8% |
| Remuneration and social security | 454/9 | €8,518 | €11,872 | +€3,354 | +39.4% |
| Other amounts payable | 47/48 | €1,607,744 | €1,440,159 | -€167,585 | -10.4% |
| Accrued charges and deferred income | 492/3 | €25,700 | €36,808 | +€11,108 | +43.2% |
| Turnover | 70 | €4,385,921 | - | -€4.4m | |
| Non-recurring operating income | 76A | - | €205,768 | +€205,768 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,224,622 | - | -€4.2m | |
| Remuneration, social security and pensions | 62 | €75,321 | €59,574 | -€15,747 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,155 | €34,573 | +€9,418 | +37.4% |
| Other operating charges | 640/8 | €12,646 | €33,160 | +€20,514 | +162% |
| Non-recurring operating charges | 66A | €593 | - | -€593 | |
| Gross operating margin | 9900 | €161,299 | €153,143 | -€8,156 | -5.1% |
| Operating profit (loss) | 9901 | €47,584 | €25,837 | -€21,747 | -45.7% |
| Financial income | 75/76B | €30,229 | €23,074 | -€7,155 | -23.7% |
| Recurring financial income | 75 | €30,229 | €23,074 | -€7,155 | -23.7% |
| Financial charges | 65/66B | €74,517 | €32,469 | -€42,048 | -56.4% |
| Recurring financial charges | 65 | €74,517 | €32,469 | -€42,048 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €3,296 | €16,443 | +€13,147 | +399% |
| Income taxes | 67/77 | €6,131 | €5,978 | -€153 | -2.5% |
| Profit (loss) for the period | 9904 | -€2,835 | €10,465 | +€13,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,835 | €10,465 | +€13,300 |
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.