C 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.
C TRANS
Largest movements
- Tangible fixed assets +€112,802
up €112,802 (+16.4%), from €687,195 to €799,998
of which Furniture and vehicles: +€169,898
- Deferred charges and accrued income +€46,306
up €46,306 (+388.0%), from €11,935 to €58,242
- Cash +€37,408
up €37,408 (+160.0%), from €23,386 to €60,794
mainly Depreciation (+€263,965) and Trade debts (+€133,798)
- Receivables within one year -€13,740
down €13,740 (-3.5%), from €390,455 to €376,715
of which Trade receivables: -€21,442
- Trade debts +€133,798
up €133,798 (+312.8%), from €42,779 to €176,577
- Other debts -€132,244
down €132,244 (-68.1%), from €194,281 to €62,037
- Debts after one year +€74,898
up €74,898 (+19.4%), from €386,576 to €461,474
- Current portion of long-term debt +€58,202
up €58,202 (+24.3%), from €239,255 to €297,457
- Reserves +€23,339
up €23,339 (+15.1%), from €154,267 to €177,606
of which Distributable reserves: +€23,339
- Gross operating margin +€65,641
up €65,641 (+6.3%), from €1.0m to €1.1m
- Depreciation +€35,530
up €35,530 (+15.6%), from €228,435 to €263,965
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,117,986 | €1,299,455 | +€181,469 | +16.2% |
| Fixed assets | 21/28 | €687,195 | €799,998 | +€112,802 | +16.4% |
| Tangible fixed assets | 22/27 | €687,195 | €799,998 | +€112,802 | +16.4% |
| Land and buildings | 22 | €30,070 | €27,757 | -€2,313 | -7.7% |
| Plant, machinery and equipment | 23 | €35,747 | €22,162 | -€13,585 | -38.0% |
| Furniture and vehicles | 24 | €537,514 | €707,412 | +€169,898 | +31.6% |
| Leasing and similar rights | 25 | €83,864 | €42,666 | -€41,198 | -49.1% |
| Current assets | 29/58 | €430,791 | €499,457 | +€68,667 | +15.9% |
| Stocks and contracts in progress | 3 | €5,014 | €3,706 | -€1,308 | -26.1% |
| Stocks | 30/36 | €5,014 | €3,706 | -€1,308 | -26.1% |
| Amounts receivable within one year | 40/41 | €390,455 | €376,715 | -€13,740 | -3.5% |
| Trade receivables | 40 | €381,970 | €360,528 | -€21,442 | -5.6% |
| Other amounts receivable | 41 | €8,485 | €16,188 | +€7,703 | +90.8% |
| Cash at bank and in hand | 54/58 | €23,386 | €60,794 | +€37,408 | +160.0% |
| Deferred charges and accrued income | 490/1 | €11,935 | €58,242 | +€46,306 | +388.0% |
| Total equity and liabilities | 10/49 | €1,117,986 | €1,299,455 | +€181,469 | +16.2% |
| Equity | 10/15 | €152,486 | €196,206 | +€43,720 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,267 | €177,606 | +€23,339 | +15.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €152,407 | €175,746 | +€23,339 | +15.3% |
| Profit (loss) carried forward | 14 | -€20,381 | - | +€20,381 | |
| Amounts payable | 17/49 | €965,500 | €1,103,249 | +€137,749 | +14.3% |
| Amounts payable after more than one year | 17 | €386,576 | €461,474 | +€74,898 | +19.4% |
| Financial debts | 170/4 | €386,576 | €461,474 | +€74,898 | +19.4% |
| Amounts payable within one year | 42/48 | €578,924 | €641,774 | +€62,851 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €239,255 | €297,457 | +€58,202 | +24.3% |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €42,779 | €176,577 | +€133,798 | +312.8% |
| Suppliers | 440/4 | €42,779 | €176,577 | +€133,798 | +312.8% |
| Taxes, remuneration and social security | 45 | €102,608 | €93,704 | -€8,904 | -8.7% |
| Taxes | 450/3 | €40,866 | €29,725 | -€11,141 | -27.3% |
| Remuneration and social security | 454/9 | €61,742 | €63,979 | +€2,237 | +3.6% |
| Other amounts payable | 47/48 | €194,281 | €62,037 | -€132,244 | -68.1% |
| Non-recurring operating income | 76A | €79 | - | -€79 | |
| Remuneration, social security and pensions | 62 | €664,404 | €661,847 | -€2,557 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,435 | €263,965 | +€35,530 | +15.6% |
| Other operating charges | 640/8 | €74,154 | €71,840 | -€2,314 | -3.1% |
| Gross operating margin | 9900 | €1,034,089 | €1,099,730 | +€65,641 | +6.3% |
| Operating profit (loss) | 9901 | €67,095 | €102,077 | +€34,982 | +52.1% |
| Financial income | 75/76B | €1,222 | €110 | -€1,112 | -91.0% |
| Recurring financial income | 75 | €1,222 | €110 | -€1,112 | -91.0% |
| Financial charges | 65/66B | €54,320 | €56,802 | +€2,481 | +4.6% |
| Recurring financial charges | 65 | €54,320 | €56,802 | +€2,481 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €13,997 | €45,386 | +€31,388 | +224.2% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €13,997 | €45,386 | +€31,388 | +224.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,997 | €45,386 | +€31,388 | +224.2% |
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 30 September 2026 via checked.be.