BRUSSELS DEP 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.
BRUSSELS DEP TRANS
Largest movements
- Receivables within one year -€9,897
down €9,897 (-18.2%), from €54,271 to €44,374
of which Trade receivables: -€9,903
- Profit (loss) carried forward -€24,402
down €24,402 (-58.9%), from €41,414 to €17,013
- Short-term financial debts +€12,300
up €12,300 (+20.8%), from €59,000 to €71,300
- Trade debts +€12,294
up €12,294 (+50.4%), from €24,394 to €36,688
- Debts after one year -€10,429
down €10,429 (-46.7%), from €22,312 to €11,883
- Accrued charges and deferred income +€2,418
up €2,418 (+347%), from €697 to €3,115
- Gross operating margin +€62,775
up €62,775 (+81.1%), from -€77,357 to -€14,583
- Financial charges +€5,932
up €5,932 (+138%), from €4,299 to €10,230
- Write-downs -€2,906
down €2,906, from €1,700 to -€1,206
- Financial income -€1,054
down €1,054 (-99.5%), from €1,059 to €5
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 | €238,673 | €230,266 | -€8,407 | -3.5% |
| Fixed assets | 21/28 | €276 | - | -€276 | |
| Tangible fixed assets | 22/27 | €276 | - | -€276 | |
| Furniture and vehicles | 24 | €276 | - | -€276 | |
| Current assets | 29/58 | €238,397 | €230,266 | -€8,131 | -3.4% |
| Stocks and contracts in progress | 3 | €181,897 | €183,813 | +€1,917 | +1.1% |
| Stocks | 30/36 | €181,897 | €183,813 | +€1,917 | +1.1% |
| Amounts receivable within one year | 40/41 | €54,271 | €44,374 | -€9,897 | -18.2% |
| Trade receivables | 40 | €54,271 | €44,368 | -€9,903 | -18.2% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €2,077 | €1,927 | -€150 | -7.2% |
| Deferred charges and accrued income | 490/1 | €153 | €152 | -€0 | -0.1% |
| Total equity and liabilities | 10/49 | €238,673 | €230,266 | -€8,407 | -3.5% |
| Equity | 10/15 | €82,216 | €57,814 | -€24,402 | -29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,202 | €22,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,342 | €20,342 | = | 0.0% |
| Other | 1319 | €20,342 | €20,342 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,414 | €17,013 | -€24,402 | -58.9% |
| Amounts payable | 17/49 | €156,458 | €172,452 | +€15,994 | +10.2% |
| Amounts payable after more than one year | 17 | €22,312 | €11,883 | -€10,429 | -46.7% |
| Financial debts | 170/4 | €22,312 | €11,883 | -€10,429 | -46.7% |
| Amounts payable within one year | 42/48 | €133,448 | €157,454 | +€24,006 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €9,936 | €10,429 | +€493 | +5.0% |
| Financial debts | 43 | €59,000 | €71,300 | +€12,300 | +20.8% |
| Credit institutions | 430/8 | €59,000 | €71,300 | +€12,300 | +20.8% |
| Trade debts | 44 | €24,394 | €36,688 | +€12,294 | +50.4% |
| Suppliers | 440/4 | €24,394 | €36,688 | +€12,294 | +50.4% |
| Taxes, remuneration and social security | 45 | €2,122 | €2,455 | +€333 | +15.7% |
| Taxes | 450/3 | €2,121 | €2,454 | +€333 | +15.7% |
| Remuneration and social security | 454/9 | €1 | €1 | = | 0.0% |
| Other amounts payable | 47/48 | €37,996 | €36,582 | -€1,415 | -3.7% |
| Accrued charges and deferred income | 492/3 | €697 | €3,115 | +€2,418 | +347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €617 | €276 | -€340 | -55.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,700 | -€1,206 | -€2,906 | |
| Other operating charges | 640/8 | €473 | €523 | +€50 | +10.5% |
| Gross operating margin | 9900 | -€77,357 | -€14,583 | +€62,775 | +81.1% |
| Operating profit (loss) | 9901 | -€80,147 | -€14,176 | +€65,971 | +82.3% |
| Financial income | 75/76B | €1,059 | €5 | -€1,054 | -99.5% |
| Recurring financial income | 75 | €1,059 | €5 | -€1,054 | -99.5% |
| Financial charges | 65/66B | €4,299 | €10,230 | +€5,932 | +138% |
| Recurring financial charges | 65 | €4,299 | €10,230 | +€5,932 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€83,387 | -€24,402 | +€58,986 | +70.7% |
| Profit (loss) for the period | 9904 | -€83,387 | -€24,402 | +€58,986 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,387 | -€24,402 | +€58,986 | +70.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.