CSG Transports: 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.
CSG Transports
Largest movements
- Tangible fixed assets -€17,425
down €17,425 (-31.5%), from €55,344 to €37,919
- Receivables within one year +€4,729
up €4,729 (+14.1%), from €33,422 to €38,151
of which Trade receivables: +€4,311
- Debts after one year -€14,349
down €14,349 (-65.5%), from €21,917 to €7,568
- Tax, wage and social debts +€6,766
up €6,766 (+790%), from €856 to €7,622
of which Taxes: +€6,201
- Other debts -€4,392
down €4,392 (-12.6%), from €34,781 to €30,388
- Current portion of long-term debt -€2,181
down €2,181 (-11.9%), from €18,406 to €16,224
- Trade debts +€1,440
up €1,440 (+21.0%), from €6,857 to €8,297
- Gross operating margin +€19,984
up €19,984 (+419%), from €4,772 to €24,756
- Depreciation +€13,069
up €13,069 (+300%), from €4,356 to €17,425
- Other operating charges +€2,720
up €2,720 (+856%), from €318 to €3,038
- Taxes +€1,761
new in 2025: €1,761
- Financial charges +€432
up €432 (+34.4%), from €1,256 to €1,687
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 | €90,658 | €78,787 | -€11,871 | -13.1% |
| Fixed assets | 21/28 | €56,364 | €39,059 | -€17,305 | -30.7% |
| Tangible fixed assets | 22/27 | €55,344 | €37,919 | -€17,425 | -31.5% |
| Furniture and vehicles | 24 | €55,344 | €37,919 | -€17,425 | -31.5% |
| Financial fixed assets | 28 | €1,020 | €1,140 | +€120 | +11.8% |
| Current assets | 29/58 | €34,294 | €39,728 | +€5,434 | +15.8% |
| Amounts receivable within one year | 40/41 | €33,422 | €38,151 | +€4,729 | +14.1% |
| Trade receivables | 40 | €30,135 | €34,447 | +€4,311 | +14.3% |
| Other amounts receivable | 41 | €3,286 | €3,704 | +€418 | +12.7% |
| Cash at bank and in hand | 54/58 | €467 | €373 | -€93 | -20.0% |
| Deferred charges and accrued income | 490/1 | €406 | €1,204 | +€798 | +197% |
| Total equity and liabilities | 10/49 | €90,658 | €78,787 | -€11,871 | -13.1% |
| Equity | 10/15 | €7,842 | €8,687 | +€845 | +10.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,158 | -€313 | +€845 | +73.0% |
| Amounts payable | 17/49 | €82,816 | €70,100 | -€12,717 | -15.4% |
| Amounts payable after more than one year | 17 | €21,917 | €7,568 | -€14,349 | -65.5% |
| Financial debts | 170/4 | €21,917 | €7,568 | -€14,349 | -65.5% |
| Amounts payable within one year | 42/48 | €60,899 | €62,532 | +€1,633 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €18,406 | €16,224 | -€2,181 | -11.9% |
| Trade debts | 44 | €6,857 | €8,297 | +€1,440 | +21.0% |
| Suppliers | 440/4 | €6,857 | €8,297 | +€1,440 | +21.0% |
| Taxes, remuneration and social security | 45 | €856 | €7,622 | +€6,766 | +790% |
| Taxes | 450/3 | - | €6,201 | +€6,201 | |
| Remuneration and social security | 454/9 | €856 | €1,422 | +€566 | +66.1% |
| Other amounts payable | 47/48 | €34,781 | €30,388 | -€4,392 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,356 | €17,425 | +€13,069 | +300% |
| Other operating charges | 640/8 | €318 | €3,038 | +€2,720 | +856% |
| Gross operating margin | 9900 | €4,772 | €24,756 | +€19,984 | +419% |
| Operating profit (loss) | 9901 | €97 | €4,293 | +€4,195 | +4,307% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,256 | €1,687 | +€432 | +34.4% |
| Recurring financial charges | 65 | €1,256 | €1,687 | +€432 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,158 | €2,606 | +€3,765 | |
| Income taxes | 67/77 | - | €1,761 | +€1,761 | |
| Profit (loss) for the period | 9904 | -€1,158 | €845 | +€2,004 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,158 | €845 | +€2,004 |
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 26 October 2026 via checked.be.