AO TRANS: 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.
AO TRANS
Largest movements
- Receivables within one year +€47,850
up €47,850 (+117%), from €40,861 to €88,711
of which Trade receivables: +€65,578
- Cash +€13,185
up €13,185 (+732%), from €1,801 to €14,986
- Tangible fixed assets +€6,500
up €6,500 (+163%), from €4,000 to €10,500
- Financial fixed assets +€4,700
new in 2025: €4,700
- Trade debts +€51,950
up €51,950 (+3,791%), from €1,370 to €53,320
- Profit (loss) carried forward +€20,515
up €20,515 (+355%), from €5,781 to €26,296
- Tax, wage and social debts -€19,511
no longer reported in 2025 (was €19,511)
of which Remuneration and social security: -€17,800
- Advances received +€17,781
new in 2025: €17,781
- Other debts +€1,500
new in 2025: €1,500
- Staff costs +€3,600
new in 2025: €3,600
- Other operating charges +€2,125
up €2,125 (+304%), from €698 to €2,823
- Gross operating margin +€1,849
up €1,849 (+23.9%), from €7,751 to €9,600
- Depreciation +€1,000
up €1,000 (+50.0%), from €2,000 to €3,000
- Financial income -€883
no longer reported in 2025 (was €883)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,662 | €118,897 | +€72,235 | +155% |
| Fixed assets | 21/28 | €4,000 | €15,200 | +€11,200 | +280% |
| Tangible fixed assets | 22/27 | €4,000 | €10,500 | +€6,500 | +163% |
| Furniture and vehicles | 24 | €4,000 | €10,500 | +€6,500 | +163% |
| Financial fixed assets | 28 | - | €4,700 | +€4,700 | |
| Current assets | 29/58 | €42,662 | €103,697 | +€61,035 | +143% |
| Amounts receivable within one year | 40/41 | €40,861 | €88,711 | +€47,850 | +117% |
| Trade receivables | 40 | €5,758 | €71,335 | +€65,578 | +1,139% |
| Other amounts receivable | 41 | €35,103 | €17,376 | -€17,727 | -50.5% |
| Cash at bank and in hand | 54/58 | €1,801 | €14,986 | +€13,185 | +732% |
| Total equity and liabilities | 10/49 | €46,662 | €118,897 | +€72,235 | +155% |
| Equity | 10/15 | €25,781 | €46,296 | +€20,515 | +79.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,781 | €26,296 | +€20,515 | +355% |
| Amounts payable | 17/49 | €20,881 | €72,601 | +€51,720 | +248% |
| Amounts payable within one year | 42/48 | €20,881 | €72,601 | +€51,720 | +248% |
| Trade debts | 44 | €1,370 | €53,320 | +€51,950 | +3,791% |
| Suppliers | 440/4 | €1,370 | €53,320 | +€51,950 | +3,791% |
| Advances received on contracts in progress | 46 | - | €17,781 | +€17,781 | |
| Taxes, remuneration and social security | 45 | €19,511 | - | -€19,511 | |
| Taxes | 450/3 | €1,711 | - | -€1,711 | |
| Remuneration and social security | 454/9 | €17,800 | - | -€17,800 | |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | - | €3,600 | +€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Other operating charges | 640/8 | €698 | €2,823 | +€2,125 | +304% |
| Gross operating margin | 9900 | €7,751 | €9,600 | +€1,849 | +23.9% |
| Operating profit (loss) | 9901 | €5,053 | €177 | -€4,876 | -96.5% |
| Financial income | 75/76B | €883 | - | -€883 | |
| Recurring financial income | 75 | €883 | - | -€883 | |
| Financial charges | 65/66B | €154 | €297 | +€143 | +92.6% |
| Recurring financial charges | 65 | €154 | €297 | +€143 | +92.6% |
| Profit (loss) for the period before taxes | 9903 | €5,781 | -€120 | -€5,901 | |
| Profit (loss) for the period | 9904 | €5,781 | -€120 | -€5,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,781 | -€120 | -€5,901 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.