BELGA 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.
BELGA TRANS
Largest movements
- Receivables within one year +€28,810
up €28,810 (+57.0%), from €50,583 to €79,393
of which Other amounts receivable: +€27,215
- Tangible fixed assets -€17,550
down €17,550 (-24.1%), from €72,772 to €55,223
- Cash +€5,873
up €5,873 (+18.3%), from €32,173 to €38,046
mainly Net result for the year (+€26,356) and Depreciation (+€17,550)
- Profit (loss) carried forward +€26,356
up €26,356 (+87.0%), from €30,295 to €56,651
- Debts after one year -€11,452
down €11,452 (-39.7%), from €28,833 to €17,381
- Current portion of long-term debt -€5,396
down €5,396 (-30.0%), from €17,994 to €12,598
- Tax, wage and social debts +€4,503
up €4,503 (+33.8%), from €13,334 to €17,837
- Trade debts +€3,094
up €3,094 (+5.2%), from €60,065 to €63,159
- Gross operating margin +€11,585
up €11,585 (+29.0%), from €39,933 to €51,518
- Depreciation +€7,435
up €7,435 (+73.5%), from €10,115 to €17,550
- Financial charges -€1,727
down €1,727 (-31.7%), from €5,450 to €3,722
- Other operating charges -€1,112
down €1,112 (-22.2%), from €5,002 to €3,890
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 | €155,528 | €172,662 | +€17,134 | +11.0% |
| Fixed assets | 21/28 | €72,772 | €55,223 | -€17,550 | -24.1% |
| Tangible fixed assets | 22/27 | €72,772 | €55,223 | -€17,550 | -24.1% |
| Furniture and vehicles | 24 | €72,772 | €55,223 | -€17,550 | -24.1% |
| Current assets | 29/58 | €82,756 | €117,440 | +€34,684 | +41.9% |
| Amounts receivable within one year | 40/41 | €50,583 | €79,393 | +€28,810 | +57.0% |
| Trade receivables | 40 | €3,356 | €4,951 | +€1,595 | +47.5% |
| Other amounts receivable | 41 | €47,227 | €74,443 | +€27,215 | +57.6% |
| Cash at bank and in hand | 54/58 | €32,173 | €38,046 | +€5,873 | +18.3% |
| Total equity and liabilities | 10/49 | €155,528 | €172,662 | +€17,134 | +11.0% |
| Equity | 10/15 | €35,295 | €61,651 | +€26,356 | +74.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,295 | €56,651 | +€26,356 | +87.0% |
| Amounts payable | 17/49 | €120,233 | €111,011 | -€9,222 | -7.7% |
| Amounts payable after more than one year | 17 | €28,833 | €17,381 | -€11,452 | -39.7% |
| Financial debts | 170/4 | €28,833 | €17,381 | -€11,452 | -39.7% |
| Amounts payable within one year | 42/48 | €91,400 | €93,630 | +€2,230 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €17,994 | €12,598 | -€5,396 | -30.0% |
| Financial debts | 43 | €7 | €36 | +€29 | +400% |
| Credit institutions | 430/8 | €7 | €36 | +€29 | +400% |
| Trade debts | 44 | €60,065 | €63,159 | +€3,094 | +5.2% |
| Suppliers | 440/4 | €60,065 | €63,159 | +€3,094 | +5.2% |
| Taxes, remuneration and social security | 45 | €13,334 | €17,837 | +€4,503 | +33.8% |
| Taxes | 450/3 | €13,334 | €17,837 | +€4,503 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,115 | €17,550 | +€7,435 | +73.5% |
| Other operating charges | 640/8 | €5,002 | €3,890 | -€1,112 | -22.2% |
| Gross operating margin | 9900 | €39,933 | €51,518 | +€11,585 | +29.0% |
| Operating profit (loss) | 9901 | €24,816 | €30,078 | +€5,262 | +21.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,450 | €3,722 | -€1,727 | -31.7% |
| Recurring financial charges | 65 | €5,450 | €3,722 | -€1,727 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €19,367 | €26,356 | +€6,990 | +36.1% |
| Profit (loss) for the period | 9904 | €19,367 | €26,356 | +€6,990 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,367 | €26,356 | +€6,990 | +36.1% |
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 15 October 2026 via checked.be.