TR-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.
TR-CARS
Largest movements
- Stocks and contracts +€55,550
new in 2025: €55,550
- Receivables within one year +€39,531
up €39,531 (+21.2%), from €186,480 to €226,011
of which Trade receivables: +€38,301
- Cash +€34,736
up €34,736 (+55.6%), from €62,439 to €97,175
mainly Net result for the year (+€76,655) and Trade debts (+€41,555)
- Financial fixed assets +€5,700
new in 2025: €5,700
- Profit (loss) carried forward +€76,655
up €76,655 (+176%), from €43,480 to €120,135
- Trade debts +€41,555
up €41,555 (+55.5%), from €74,908 to €116,462
- Tax, wage and social debts +€9,976
up €9,976 (+32.5%), from €30,711 to €40,687
of which Taxes: +€12,004
- Other debts +€8,284
up €8,284 (+8.9%), from €92,784 to €101,068
- Gross operating margin +€50,100
up €50,100 (+79.0%), from €63,443 to €113,543
- Taxes +€12,613
up €12,613 (+79.3%), from €15,915 to €28,527
- Other operating charges +€4,166
up €4,166 (+155%), from €2,692 to €6,858
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 | €251,882 | €388,352 | +€136,469 | +54.2% |
| Fixed assets | 21/28 | €2,964 | €9,616 | +€6,653 | +224% |
| Tangible fixed assets | 22/27 | €2,964 | €3,916 | +€953 | +32.2% |
| Plant, machinery and equipment | 23 | €1,070 | €2,473 | +€1,403 | +131% |
| Furniture and vehicles | 24 | €1,894 | €1,444 | -€450 | -23.8% |
| Financial fixed assets | 28 | - | €5,700 | +€5,700 | |
| Current assets | 29/58 | €248,919 | €378,735 | +€129,816 | +52.2% |
| Stocks and contracts in progress | 3 | - | €55,550 | +€55,550 | |
| Stocks | 30/36 | - | €55,550 | +€55,550 | |
| Amounts receivable within one year | 40/41 | €186,480 | €226,011 | +€39,531 | +21.2% |
| Trade receivables | 40 | €186,433 | €224,734 | +€38,301 | +20.5% |
| Other amounts receivable | 41 | €47 | €1,276 | +€1,229 | +2,609% |
| Cash at bank and in hand | 54/58 | €62,439 | €97,175 | +€34,736 | +55.6% |
| Total equity and liabilities | 10/49 | €251,882 | €388,352 | +€136,469 | +54.2% |
| Equity | 10/15 | €53,480 | €130,135 | +€76,655 | +143% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,480 | €120,135 | +€76,655 | +176% |
| Amounts payable | 17/49 | €198,402 | €258,217 | +€59,815 | +30.1% |
| Amounts payable within one year | 42/48 | €198,402 | €258,217 | +€59,815 | +30.1% |
| Trade debts | 44 | €74,908 | €116,462 | +€41,555 | +55.5% |
| Suppliers | 440/4 | €74,908 | €116,462 | +€41,555 | +55.5% |
| Taxes, remuneration and social security | 45 | €30,711 | €40,687 | +€9,976 | +32.5% |
| Taxes | 450/3 | €26,883 | €38,887 | +€12,004 | +44.7% |
| Remuneration and social security | 454/9 | €3,828 | €1,800 | -€2,028 | -53.0% |
| Other amounts payable | 47/48 | €92,784 | €101,068 | +€8,284 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658 | €457 | -€201 | -30.6% |
| Other operating charges | 640/8 | €2,692 | €6,858 | +€4,166 | +155% |
| Gross operating margin | 9900 | €63,443 | €113,543 | +€50,100 | +79.0% |
| Operating profit (loss) | 9901 | €60,093 | €106,228 | +€46,135 | +76.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €698 | €1,047 | +€348 | +49.9% |
| Recurring financial charges | 65 | €698 | €1,047 | +€348 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €59,395 | €105,182 | +€45,787 | +77.1% |
| Income taxes | 67/77 | €15,915 | €28,527 | +€12,613 | +79.3% |
| Profit (loss) for the period | 9904 | €43,480 | €76,655 | +€33,174 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,480 | €76,655 | +€33,174 | +76.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.