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V12M: 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

V12M

BE 1007.963.226
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
€5,590
2024 · €13,726-€8,136
Equity
€32,248
2024 · €18,726+€13,523
Cash
€18,532
2024 · €5,981+€12,550
Balance sheet total
€220,181
2024 · €108,289+€111,892

Largest movements

2024 to 2025
Assets
  • Stocks and contracts +€63,078

    up €63,078 (+70.7%), from €89,273 to €152,350

  • Deferred charges and accrued income +€22,340

    up €22,340 (+13,968%), from €160 to €22,500

  • Receivables within one year +€13,924

    up €13,924 (+222%), from €6,275 to €20,199

    of which Trade receivables: +€14,449

  • Cash +€12,550

    up €12,550 (+210%), from €5,981 to €18,532

    mainly Short-term financial debts (+€125,000) and Contributions, distributions and other (+€7,933)

Equity and liabilities
  • Short-term financial debts +€125,000

    new in 2025: €125,000

  • Trade debts -€25,970

    down €25,970 (-37.5%), from €69,308 to €43,338

  • Profit (loss) carried forward +€13,523

    new in 2025: €13,523

  • Tax, wage and social debts +€6,101

    up €6,101 (+77.3%), from €7,891 to €13,992

    of which Taxes: +€4,901

  • Accrued charges and deferred income -€5,879

    down €5,879 (-98.0%), from €5,999 to €120

Income statement
  • Gross operating margin -€8,667

    down €8,667 (-47.1%), from €18,407 to €9,740

  • Financial charges +€372

    up €372 (+115%), from €324 to €696

  • Other operating charges -€324

    down €324 (-83.6%), from €387 to €63

  • Taxes -€249

    down €249 (-6.8%), from €3,669 to €3,420

From the 2024 result to the 2025 result

effect on the 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 €13,726
Gross operating margin -€8,667
Other operating charges +€324
Other operating items +€300
Financial income +€30
Financial charges -€372
Taxes +€249
Result 2025 €5,590
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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 -€120,383
Investment €0
Financing +€132,933
Cash 2024 €5,981
Net result for the year +€5,590
Stocks and contracts -€63,078
Receivables within one year -€13,924
Deferred charges and accrued income -€22,340
Trade debts -€25,970
Tax, wage and social debts +€6,101
Other debts -€882
Accrued charges and deferred income -€5,879
Short-term financial debts +€125,000
Contributions, distributions and other +€7,933
Cash 2025 €18,532
brings cash intakes cash out
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €108,289 €220,181 +€111,892 +103%
Fixed assets 21/28 €6,600 €6,600 = 0.0%
Financial fixed assets 28 €6,600 €6,600 = 0.0%
Current assets 29/58 €101,689 €213,581 +€111,892 +110%
Stocks and contracts in progress 3 €89,273 €152,350 +€63,078 +70.7%
Stocks 30/36 €89,273 €152,350 +€63,078 +70.7%
Amounts receivable within one year 40/41 €6,275 €20,199 +€13,924 +222%
Trade receivables 40 €5,750 €20,199 +€14,449 +251%
Other amounts receivable 41 €525 - -€525
Cash at bank and in hand 54/58 €5,981 €18,532 +€12,550 +210%
Deferred charges and accrued income 490/1 €160 €22,500 +€22,340 +13,968%
Total equity and liabilities 10/49 €108,289 €220,181 +€111,892 +103%
Equity 10/15 €18,726 €32,248 +€13,523 +72.2%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €13,726 €13,726 = 0.0%
Distributable reserves 133 €13,726 €13,726 = 0.0%
Profit (loss) carried forward 14 - €13,523 +€13,523
Amounts payable 17/49 €89,563 €187,933 +€98,369 +110%
Amounts payable within one year 42/48 €83,564 €187,813 +€104,248 +125%
Financial debts 43 - €125,000 +€125,000
Credit institutions 430/8 - €125,000 +€125,000
Trade debts 44 €69,308 €43,338 -€25,970 -37.5%
Suppliers 440/4 €69,308 €43,338 -€25,970 -37.5%
Taxes, remuneration and social security 45 €7,891 €13,992 +€6,101 +77.3%
Taxes 450/3 €7,891 €12,792 +€4,901 +62.1%
Remuneration and social security 454/9 - €1,200 +€1,200
Other amounts payable 47/48 €6,364 €5,482 -€882 -13.9%
Accrued charges and deferred income 492/3 €5,999 €120 -€5,879 -98.0%
Other operating charges 640/8 €387 €63 -€324 -83.6%
Non-recurring operating charges 66A €300 - -€300
Gross operating margin 9900 €18,407 €9,740 -€8,667 -47.1%
Operating profit (loss) 9901 €17,719 €9,676 -€8,043 -45.4%
Financial income 75/76B - €30 +€30
Recurring financial income 75 - €30 +€30
Financial charges 65/66B €324 €696 +€372 +115%
Recurring financial charges 65 €324 €696 +€372 +115%
Profit (loss) for the period before taxes 9903 €17,394 €9,010 -€8,385 -48.2%
Income taxes 67/77 €3,669 €3,420 -€249 -6.8%
Profit (loss) for the period 9904 €13,726 €5,590 -€8,136 -59.3%
Profit (loss) for the period to be appropriated 9905 €13,726 €5,590 -€8,136 -59.3%

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.