BE - TRANS: what changed
Two fiscal 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
BE - TRANS
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.0m
2024 · -€3.1m+€1.1m
Equity
-€3.4m
2024 · -€1.4m-€2.0m
Cash
€152,378
2024 · €163,889-€11,511
Balance sheet total
€8.8m
2024 · €9.2m-€440,011
Largest movements
Assets
- Stocks and contracts -€791,629
down €791,629 (-96.8%), from €817,870 to €26,241
- Financial fixed assets +€782,152
new in 2025: €782,152
of which Affiliated companies: +€780,812
- Tangible fixed assets -€399,409
down €399,409 (-27.4%), from €1.5m to €1.1m
Equity and liabilities
- Short-term financial debts +€3.5m
up €3.5m (+92.8%), from €3.7m to €7.2m
of which Credit institutions: +€7.2m
- Accrued charges and deferred income -€2.2m
down €2.2m (-99.3%), from €2.2m to €16,663
- Profit (loss) carried forward -€2.0m
down €2.0m (-64.9%), from -€3.1m to -€5.1m
- Trade debts +€600,429
up €600,429 (+18.2%), from €3.3m to €3.9m
- Tax, wage and social debts -€200,233
down €200,233 (-24.6%), from €815,034 to €614,801
of which Remuneration and social security: -€183,640
Income statement
- Goods and materials +€3.8m
up €3.8m (+11.8%), from €32.3m to €36.2m
of which Purchases: +€3.6m
- Services and other goods -€3.7m
down €3.7m (-41.7%), from €8.9m to €5.2m
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
-€3.1m
Turnover
+€82,935
Other operating income
+€85,360
Goods and materials
-€3.8m
Services and other goods
+€3.7m
Staff costs
+€325,500
Depreciation
+€25,798
Write-downs
+€70,017
Other operating charges
-€160,040
Other operating items
+€771,464
Financial income
-€1,563
Financial charges
-€42,550
Taxes
+€926
Deferred taxes and other
+€8,373
Result 2025
-€2.0m
Cash bridge derived
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
-€2.6m
Investment
-€758,153
Financing
+€3.3m
Cash 2024
€163,889
From operations (derived)
-€2.6m
Net result for the year
-€2.0m
Depreciation
+€413,668
Stocks and contracts
+€791,629
Receivables within one year
-€72,181
Deferred charges and accrued income
+€53,537
Provisions
-€8,373
Trade debts
+€600,429
Tax, wage and social debts
-€200,233
Other debts
+€69,448
Accrued charges and deferred income
-€2.2m
Investment (derived)
-€758,153
Investment in fixed assets (net)
-€758,153
Financing
+€3.3m
Debts after one year
-€87,844
Current portion of long-term debt
-€27,438
Short-term financial debts
+€3.5m
Cash 2025
€152,378
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,223,127 | €8,783,116 | -€440,011 | -4.8% |
| Fixed assets | 21/28 | €1,606,410 | €1,950,896 | +€344,485 | +21.4% |
| Intangible fixed assets | 21 | €147,105 | €108,847 | -€38,258 | -26.0% |
| Tangible fixed assets | 22/27 | €1,459,306 | €1,059,897 | -€399,409 | -27.4% |
| Land and buildings | 22 | €269,664 | €183,278 | -€86,386 | -32.0% |
| Plant, machinery and equipment | 23 | €139,863 | €83,584 | -€56,279 | -40.2% |
| Furniture and vehicles | 24 | €441,202 | €288,240 | -€152,962 | -34.7% |
| Leasing and similar rights | 25 | €3,335 | - | -€3,335 | |
| Other tangible fixed assets | 26 | €605,242 | €504,795 | -€100,447 | -16.6% |
| Financial fixed assets | 28 | - | €782,152 | +€782,152 | |
| Affiliated companies | 280/1 | - | €780,812 | +€780,812 | |
| Amounts receivable | 281 | - | €780,812 | +€780,812 | |
| Other financial fixed assets | 284/8 | - | €1,340 | +€1,340 | |
| Amounts receivable and cash guarantees | 285/8 | - | €1,340 | +€1,340 | |
| Current assets | 29/58 | €7,616,717 | €6,832,220 | -€784,496 | -10.3% |
| Stocks and contracts in progress | 3 | €817,870 | €26,241 | -€791,629 | -96.8% |
| Stocks | 30/36 | €817,870 | €26,241 | -€791,629 | -96.8% |
| Raw materials and consumables | 30/31 | €584,926 | - | -€584,926 | |
| Goods purchased for resale | 34 | €232,944 | €26,241 | -€206,703 | -88.7% |
| Amounts receivable within one year | 40/41 | €6,487,664 | €6,559,845 | +€72,181 | +1.1% |
| Trade receivables | 40 | €6,128,238 | €6,331,603 | +€203,366 | +3.3% |
| Other amounts receivable | 41 | €359,426 | €228,241 | -€131,185 | -36.5% |
| Cash at bank and in hand | 54/58 | €163,889 | €152,378 | -€11,511 | -7.0% |
| Deferred charges and accrued income | 490/1 | €147,294 | €93,757 | -€53,537 | -36.3% |
| Total equity and liabilities | 10/49 | €9,223,127 | €8,783,116 | -€440,011 | -4.8% |
| Equity | 10/15 | -€1,420,657 | -€3,438,670 | -€2.0m | -142.0% |
| Contributions | 10/11 | €103,207 | €103,207 | = | 0.0% |
| Reserves | 13 | €1,559,299 | €1,543,021 | -€16,278 | -1.0% |
| Tax-exempt reserves | 132 | €1,026,678 | €884,100 | -€142,578 | -13.9% |
| Distributable reserves | 133 | €532,621 | €658,921 | +€126,300 | +23.7% |
| Profit (loss) carried forward | 14 | -€3,083,163 | -€5,084,897 | -€2.0m | -64.9% |
| Provisions and deferred taxes | 16 | €8,373 | - | -€8,373 | |
| Deferred taxes | 168 | €8,373 | - | -€8,373 | |
| Amounts payable | 17/49 | €10,635,411 | €12,221,786 | +€1.6m | +14.9% |
| Amounts payable after more than one year | 17 | €417,905 | €330,061 | -€87,844 | -21.0% |
| Financial debts | 170/4 | €414,458 | €330,061 | -€84,397 | -20.4% |
| Credit institutions | 173 | €414,458 | €330,061 | -€84,397 | -20.4% |
| Other loans | 174 | €0 | - | = | |
| Other amounts payable | 178/9 | €3,446 | - | -€3,446 | |
| Amounts payable within one year | 42/48 | €7,967,948 | €11,875,062 | +€3.9m | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €100,001 | €72,563 | -€27,438 | -27.4% |
| Financial debts | 43 | €3,732,204 | €7,197,112 | +€3.5m | +92.8% |
| Credit institutions | 430/8 | - | €7,197,112 | +€7.2m | |
| Other loans | 439 | €3,732,204 | - | -€3.7m | |
| Trade debts | 44 | €3,308,130 | €3,908,559 | +€600,429 | +18.2% |
| Suppliers | 440/4 | €3,308,130 | €3,908,559 | +€600,429 | +18.2% |
| Taxes, remuneration and social security | 45 | €815,034 | €614,801 | -€200,233 | -24.6% |
| Taxes | 450/3 | €116,250 | €99,657 | -€16,593 | -14.3% |
| Remuneration and social security | 454/9 | €698,785 | €515,145 | -€183,640 | -26.3% |
| Other amounts payable | 47/48 | €12,579 | €82,027 | +€69,448 | +552.1% |
| Accrued charges and deferred income | 492/3 | €2,249,558 | €16,663 | -€2.2m | -99.3% |
| Operating income | 70/76A | €43,981,263 | €44,923,555 | +€942,292 | +2.1% |
| Turnover | 70 | €43,582,293 | €43,665,228 | +€82,935 | +0.2% |
| Other operating income | 74 | €386,904 | €472,265 | +€85,360 | +22.1% |
| Non-recurring operating income | 76A | €12,065 | €786,062 | +€773,997 | +6415.3% |
| Operating charges | 60/66A | €46,897,560 | €46,739,887 | -€157,672 | -0.3% |
| Goods for resale, raw materials and consumables | 60 | €32,335,295 | €36,158,015 | +€3.8m | +11.8% |
| Purchases | 600/8 | €32,404,640 | €35,990,131 | +€3.6m | +11.1% |
| Change in stocks: decrease (increase) | 609 | -€69,345 | €167,884 | +€237,229 | |
| Services and other goods | 61 | €8,933,369 | €5,211,718 | -€3.7m | -41.7% |
| Remuneration, social security and pensions | 62 | €4,698,297 | €4,372,797 | -€325,500 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439,466 | €413,668 | -€25,798 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €236,324 | €166,308 | -€70,017 | -29.6% |
| Other operating charges | 640/8 | €254,809 | €414,849 | +€160,040 | +62.8% |
| Non-recurring operating charges | 66A | - | €2,533 | +€2,533 | |
| Operating profit (loss) | 9901 | -€2,916,297 | -€1,816,333 | +€1.1m | +37.7% |
| Financial income | 75/76B | €26,029 | €24,465 | -€1,563 | -6.0% |
| Recurring financial income | 75 | €26,029 | €24,465 | -€1,563 | -6.0% |
| Income from current assets | 751 | €306 | €24 | -€282 | -92.0% |
| Other financial income | 752/9 | €25,723 | €24,441 | -€1,282 | -5.0% |
| Financial charges | 65/66B | €187,433 | €229,983 | +€42,550 | +22.7% |
| Recurring financial charges | 65 | €187,263 | €229,983 | +€42,720 | +22.8% |
| Debt charges | 650 | €160,713 | €205,291 | +€44,579 | +27.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €26,550 | €24,691 | -€1,859 | -7.0% |
| Non-recurring financial charges | 66B | €170 | - | -€170 | |
| Profit (loss) for the period before taxes | 9903 | -€3,077,701 | -€2,021,850 | +€1.1m | +34.3% |
| Transfer from deferred taxes | 780 | - | €8,373 | +€8,373 | |
| Income taxes | 67/77 | €5,462 | €4,536 | -€926 | -17.0% |
| Taxes | 670/3 | €5,462 | €4,536 | -€926 | -17.0% |
| Profit (loss) for the period | 9904 | -€3,083,163 | -€2,018,012 | +€1.1m | +34.5% |
| Transfer from tax-exempt reserves | 789 | - | €142,578 | +€142,578 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,083,163 | -€1,875,434 | +€1.2m | +39.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.