B & T - 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.
B & T - TRANS
Largest movements
- Tangible fixed assets -€47,210
down €47,210 (-7.5%), from €626,533 to €579,324
of which Land and buildings: -€27,511
- Current investments +€38,868
up €38,868 (+9.6%), from €403,532 to €442,400
- Reserves +€19,500
up €19,500 (+2.7%), from €733,860 to €753,360
- Trade debts -€17,379
down €17,379 (-72.4%), from €24,004 to €6,624
- Current portion of long-term debt -€16,827
down €16,827 (-51.7%), from €32,563 to €15,737
- Debts after one year -€15,737
down €15,737 (-69.9%), from €22,508 to €6,771
- Gross operating margin +€43,377
up €43,377 (+39.6%), from €109,526 to €152,903
- Staff costs +€21,170
up €21,170 (+70.1%), from €30,221 to €51,392
- Financial charges +€16,744
up €16,744 (+477%), from €3,510 to €20,254
- Taxes +€13,915
up €13,915 (+482%), from €2,885 to €16,800
- Depreciation -€7,957
down €7,957 (-14.4%), from €55,167 to €47,210
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 | €1,122,997 | €1,100,195 | -€22,801 | -2.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €626,668 | €579,459 | -€47,210 | -7.5% |
| Tangible fixed assets | 22/27 | €626,533 | €579,324 | -€47,210 | -7.5% |
| Land and buildings | 22 | €323,114 | €295,603 | -€27,511 | -8.5% |
| Plant, machinery and equipment | 23 | €3,840 | €1,890 | -€1,950 | -50.8% |
| Furniture and vehicles | 24 | €299,579 | €281,831 | -€17,749 | -5.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €496,328 | €520,737 | +€24,409 | +4.9% |
| Amounts receivable within one year | 40/41 | €58,775 | €50,523 | -€8,252 | -14.0% |
| Trade receivables | 40 | €32,342 | €36,391 | +€4,049 | +12.5% |
| Other amounts receivable | 41 | €26,433 | €14,132 | -€12,301 | -46.5% |
| Current investments | 50/53 | €403,532 | €442,400 | +€38,868 | +9.6% |
| Cash at bank and in hand | 54/58 | €26,023 | €18,312 | -€7,711 | -29.6% |
| Deferred charges and accrued income | 490/1 | €7,998 | €9,502 | +€1,504 | +18.8% |
| Total equity and liabilities | 10/49 | €1,122,997 | €1,100,195 | -€22,801 | -2.0% |
| Equity | 10/15 | €767,033 | €787,475 | +€20,442 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €733,860 | €753,360 | +€19,500 | +2.7% |
| Distributable reserves | 133 | €733,860 | €753,360 | +€19,500 | +2.7% |
| Profit (loss) carried forward | 14 | €14,573 | €15,515 | +€942 | +6.5% |
| Amounts payable | 17/49 | €355,964 | €312,721 | -€43,243 | -12.1% |
| Amounts payable after more than one year | 17 | €22,508 | €6,771 | -€15,737 | -69.9% |
| Financial debts | 170/4 | €22,508 | €6,771 | -€15,737 | -69.9% |
| Amounts payable within one year | 42/48 | €333,444 | €305,937 | -€27,507 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €32,563 | €15,737 | -€16,827 | -51.7% |
| Trade debts | 44 | €24,004 | €6,624 | -€17,379 | -72.4% |
| Suppliers | 440/4 | €24,004 | €6,624 | -€17,379 | -72.4% |
| Taxes, remuneration and social security | 45 | €4,065 | €12,492 | +€8,427 | +207% |
| Taxes | 450/3 | €107 | €8,278 | +€8,171 | +7,616% |
| Remuneration and social security | 454/9 | €3,958 | €4,214 | +€256 | +6.5% |
| Other amounts payable | 47/48 | €272,812 | €271,084 | -€1,728 | -0.6% |
| Accrued charges and deferred income | 492/3 | €12 | €13 | +€1 | +6.5% |
| Remuneration, social security and pensions | 62 | €30,221 | €51,392 | +€21,170 | +70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,167 | €47,210 | -€7,957 | -14.4% |
| Other operating charges | 640/8 | €4,969 | €6,672 | +€1,703 | +34.3% |
| Gross operating margin | 9900 | €109,526 | €152,903 | +€43,377 | +39.6% |
| Operating profit (loss) | 9901 | €19,169 | €47,629 | +€28,460 | +148% |
| Financial income | 75/76B | €6,560 | €10,727 | +€4,167 | +63.5% |
| Recurring financial income | 75 | €6,560 | €10,727 | +€4,167 | +63.5% |
| Financial charges | 65/66B | €3,510 | €20,254 | +€16,744 | +477% |
| Recurring financial charges | 65 | €3,510 | €20,254 | +€16,744 | +477% |
| Profit (loss) for the period before taxes | 9903 | €22,218 | €38,101 | +€15,883 | +71.5% |
| Income taxes | 67/77 | €2,885 | €16,800 | +€13,915 | +482% |
| Profit (loss) for the period | 9904 | €19,333 | €21,301 | +€1,968 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,333 | €21,301 | +€1,968 | +10.2% |
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 23 October 2026 via checked.be.