Benelux 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.
Benelux Trans
Largest movements
- Tangible fixed assets -€217,798
down €217,798 (-6.3%), from €3.5m to €3.2m
of which Land and buildings: -€169,135
- Cash -€138,108
down €138,108 (-38.2%), from €361,315 to €223,207
mainly Debts after one year (-€402,974) and Contributions, distributions and other (-€150,000)
- Debts after one year -€402,974
down €402,974 (-17.5%), from €2.3m to €1.9m
- Other debts +€150,000
new in 2025: €150,000
- Current portion of long-term debt -€78,453
down €78,453 (-22.8%), from €344,800 to €266,347
- Reserves +€64,712
up €64,712 (+5.3%), from €1.2m to €1.3m
of which Distributable reserves: +€64,712
- Gross operating margin +€130,759
up €130,759 (+13.7%), from €951,947 to €1.1m
- Depreciation +€21,331
up €21,331 (+9.1%), from €234,403 to €255,733
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 | €4,174,132 | €3,861,171 | -€312,961 | -7.5% |
| Fixed assets | 21/28 | €3,452,146 | €3,234,347 | -€217,798 | -6.3% |
| Tangible fixed assets | 22/27 | €3,452,146 | €3,234,347 | -€217,798 | -6.3% |
| Land and buildings | 22 | €3,287,800 | €3,118,665 | -€169,135 | -5.1% |
| Plant, machinery and equipment | 23 | €114,869 | €82,803 | -€32,065 | -27.9% |
| Furniture and vehicles | 24 | €49,477 | €32,879 | -€16,598 | -33.5% |
| Current assets | 29/58 | €721,986 | €626,824 | -€95,162 | -13.2% |
| Amounts receivable within one year | 40/41 | €343,113 | €379,057 | +€35,944 | +10.5% |
| Trade receivables | 40 | €342,909 | €359,646 | +€16,737 | +4.9% |
| Other amounts receivable | 41 | €204 | €19,411 | +€19,207 | +9,409% |
| Cash at bank and in hand | 54/58 | €361,315 | €223,207 | -€138,108 | -38.2% |
| Deferred charges and accrued income | 490/1 | €17,558 | €24,559 | +€7,002 | +39.9% |
| Total equity and liabilities | 10/49 | €4,174,132 | €3,861,171 | -€312,961 | -7.5% |
| Equity | 10/15 | €1,312,397 | €1,377,109 | +€64,712 | +4.9% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €1,213,239 | €1,277,951 | +€64,712 | +5.3% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,826 | €1,826 | = | 0.0% |
| Distributable reserves | 133 | €1,201,497 | €1,266,209 | +€64,712 | +5.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,861,735 | €2,484,062 | -€377,673 | -13.2% |
| Amounts payable after more than one year | 17 | €2,302,246 | €1,899,272 | -€402,974 | -17.5% |
| Financial debts | 170/4 | €2,302,246 | €1,899,272 | -€402,974 | -17.5% |
| Amounts payable within one year | 42/48 | €559,489 | €584,790 | +€25,301 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €344,800 | €266,347 | -€78,453 | -22.8% |
| Trade debts | 44 | €125,250 | €90,678 | -€34,572 | -27.6% |
| Suppliers | 440/4 | €125,250 | €90,678 | -€34,572 | -27.6% |
| Taxes, remuneration and social security | 45 | €89,439 | €77,765 | -€11,673 | -13.1% |
| Taxes | 450/3 | €29,861 | €25,005 | -€4,856 | -16.3% |
| Remuneration and social security | 454/9 | €59,578 | €52,760 | -€6,818 | -11.4% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Non-recurring operating income | 76A | €15,145 | €9,107 | -€6,038 | -39.9% |
| Remuneration, social security and pensions | 62 | €435,442 | €443,798 | +€8,356 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,403 | €255,733 | +€21,331 | +9.1% |
| Other operating charges | 640/8 | €63,474 | €71,272 | +€7,799 | +12.3% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €951,947 | €1,082,706 | +€130,759 | +13.7% |
| Operating profit (loss) | 9901 | €218,629 | €311,902 | +€93,274 | +42.7% |
| Financial income | 75/76B | €8,289 | €683 | -€7,607 | -91.8% |
| Recurring financial income | 75 | €8,289 | €683 | -€7,607 | -91.8% |
| Financial charges | 65/66B | €76,837 | €74,609 | -€2,229 | -2.9% |
| Recurring financial charges | 65 | €76,810 | €74,609 | -€2,201 | -2.9% |
| Non-recurring financial charges | 66B | €28 | - | -€28 | |
| Profit (loss) for the period before taxes | 9903 | €150,080 | €237,976 | +€87,896 | +58.6% |
| Income taxes | 67/77 | €12,860 | €23,264 | +€10,404 | +80.9% |
| Profit (loss) for the period | 9904 | €137,221 | €214,712 | +€77,492 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €137,221 | €214,712 | +€77,492 | +56.5% |
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 30 October 2026 via checked.be.