DRY 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.
DRY TRANS
Largest movements
- Cash +€83,839
up €83,839 (+94.9%), from €88,331 to €172,170
mainly Net result for the year (+€69,593) and Depreciation (+€47,312)
- Tangible fixed assets -€33,661
down €33,661 (-39.3%), from €85,635 to €51,974
of which Furniture and vehicles: -€36,029
- Reserves +€69,593
up €69,593 (+53.8%), from €129,392 to €198,985
- Current portion of long-term debt -€27,299
down €27,299 (-55.3%), from €49,349 to €22,050
- Tax, wage and social debts +€19,301
up €19,301 (+78.0%), from €24,754 to €44,055
of which Taxes: +€14,429
- Debts after one year -€13,282
down €13,282 (-34.0%), from €39,052 to €25,769
- Trade debts +€12,730
up €12,730 (+109.4%), from €11,640 to €24,370
- Gross operating margin +€32,221
up €32,221 (+13.3%), from €243,091 to €275,312
- Other operating charges +€20,031
up €20,031 (+49.1%), from €40,812 to €60,843
- Taxes +€3,465
up €3,465 (+15.1%), from €22,898 to €26,363
- Staff costs +€2,860
up €2,860 (+4.4%), from €64,756 to €67,616
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 | €285,388 | €339,205 | +€53,817 | +18.9% |
| Fixed assets | 21/28 | €90,895 | €57,234 | -€33,661 | -37.0% |
| Tangible fixed assets | 22/27 | €85,635 | €51,974 | -€33,661 | -39.3% |
| Plant, machinery and equipment | 23 | - | €2,368 | +€2,368 | |
| Furniture and vehicles | 24 | €85,635 | €49,606 | -€36,029 | -42.1% |
| Financial fixed assets | 28 | €5,260 | €5,260 | = | 0.0% |
| Current assets | 29/58 | €194,493 | €281,972 | +€87,478 | +45.0% |
| Amounts receivable within one year | 40/41 | €103,250 | €103,739 | +€490 | +0.5% |
| Trade receivables | 40 | €100,222 | €103,142 | +€2,919 | +2.9% |
| Other amounts receivable | 41 | €3,027 | €598 | -€2,430 | -80.3% |
| Cash at bank and in hand | 54/58 | €88,331 | €172,170 | +€83,839 | +94.9% |
| Deferred charges and accrued income | 490/1 | €2,913 | €6,062 | +€3,149 | +108.1% |
| Total equity and liabilities | 10/49 | €285,388 | €339,205 | +€53,817 | +18.9% |
| Equity | 10/15 | €149,392 | €218,985 | +€69,593 | +46.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €129,392 | €198,985 | +€69,593 | +53.8% |
| Distributable reserves | 133 | €129,392 | €198,985 | +€69,593 | +53.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €135,997 | €120,220 | -€15,776 | -11.6% |
| Amounts payable after more than one year | 17 | €39,052 | €25,769 | -€13,282 | -34.0% |
| Financial debts | 170/4 | €39,052 | €25,769 | -€13,282 | -34.0% |
| Amounts payable within one year | 42/48 | €89,689 | €94,451 | +€4,762 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €49,349 | €22,050 | -€27,299 | -55.3% |
| Trade debts | 44 | €11,640 | €24,370 | +€12,730 | +109.4% |
| Suppliers | 440/4 | €11,640 | €24,370 | +€12,730 | +109.4% |
| Taxes, remuneration and social security | 45 | €24,754 | €44,055 | +€19,301 | +78.0% |
| Taxes | 450/3 | €14,095 | €28,523 | +€14,429 | +102.4% |
| Remuneration and social security | 454/9 | €10,659 | €15,532 | +€4,872 | +45.7% |
| Other amounts payable | 47/48 | €3,946 | €3,976 | +€30 | +0.8% |
| Accrued charges and deferred income | 492/3 | €7,256 | €0 | -€7,256 | -100.0% |
| Non-recurring operating income | 76A | €377 | €0 | -€377 | -100.0% |
| Remuneration, social security and pensions | 62 | €64,756 | €67,616 | +€2,860 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,244 | €47,312 | -€1,932 | -3.9% |
| Other operating charges | 640/8 | €40,812 | €60,843 | +€20,031 | +49.1% |
| Non-recurring operating charges | 66A | €1,269 | €0 | -€1,269 | -100.0% |
| Gross operating margin | 9900 | €243,091 | €275,312 | +€32,221 | +13.3% |
| Operating profit (loss) | 9901 | €87,009 | €99,541 | +€12,532 | +14.4% |
| Financial income | 75/76B | €5 | €55 | +€50 | +946.2% |
| Recurring financial income | 75 | €5 | €55 | +€50 | +946.2% |
| Financial charges | 65/66B | €5,051 | €3,640 | -€1,411 | -27.9% |
| Recurring financial charges | 65 | €5,051 | €3,640 | -€1,411 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €81,964 | €95,957 | +€13,993 | +17.1% |
| Income taxes | 67/77 | €22,898 | €26,363 | +€3,465 | +15.1% |
| Profit (loss) for the period | 9904 | €59,066 | €69,593 | +€10,527 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,066 | €69,593 | +€10,527 | +17.8% |
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 12 October 2026 via checked.be.