E² Transport: 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.
E² Transport
Largest movements
- Financial fixed assets -€21,780
down €21,780 (-94.6%), from €23,016 to €1,236
- Tangible fixed assets -€8,312
down €8,312 (-96.6%), from €8,609 to €296
of which Furniture and vehicles: -€8,076
- Cash -€4,247
down €4,247 (-85.4%), from €4,975 to €728
mainly Net result for the year (-€30,713) and Tax, wage and social debts (-€18,196)
- Receivables within one year -€2,128
down €2,128 (-21.6%), from €9,861 to €7,732
of which Trade receivables: -€2,128
- Profit (loss) carried forward -€30,713
down €30,713 (-27.6%), from -€111,099 to -€141,812
- Tax, wage and social debts -€18,196
down €18,196 (-68.0%), from €26,762 to €8,566
of which Taxes: -€17,604
- Trade debts +€11,677
up €11,677 (+176%), from €6,630 to €18,307
- Other debts +€8,756
up €8,756 (+12.7%), from €68,821 to €77,576
- Debts after one year -€7,125
no longer reported in 2025 (was €7,125)
- Staff costs -€14,620
down €14,620 (-100.0%), from €14,620 to €0
- Gross operating margin -€13,325
down €13,325, from €12,673 to -€652
- Depreciation -€2,487
down €2,487 (-88.0%), from €2,827 to €340
- Other operating charges +€1,545
up €1,545 (+7.2%), from €21,330 to €22,876
- Financial charges -€1,373
down €1,373 (-71.0%), from €1,934 to €560
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 | €46,460 | €9,992 | -€36,468 | -78.5% |
| Fixed assets | 21/28 | €31,624 | €1,532 | -€30,092 | -95.2% |
| Tangible fixed assets | 22/27 | €8,609 | €296 | -€8,312 | -96.6% |
| Furniture and vehicles | 24 | €8,100 | €25 | -€8,076 | -99.7% |
| Other tangible fixed assets | 26 | €508 | €272 | -€237 | -46.6% |
| Financial fixed assets | 28 | €23,016 | €1,236 | -€21,780 | -94.6% |
| Current assets | 29/58 | €14,836 | €8,460 | -€6,376 | -43.0% |
| Amounts receivable within one year | 40/41 | €9,861 | €7,732 | -€2,128 | -21.6% |
| Trade receivables | 40 | €9,002 | €6,874 | -€2,128 | -23.6% |
| Other amounts receivable | 41 | €859 | €859 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,975 | €728 | -€4,247 | -85.4% |
| Total equity and liabilities | 10/49 | €46,460 | €9,992 | -€36,468 | -78.5% |
| Equity | 10/15 | -€71,099 | -€101,812 | -€30,713 | -43.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,099 | -€141,812 | -€30,713 | -27.6% |
| Amounts payable | 17/49 | €117,559 | €111,804 | -€5,755 | -4.9% |
| Amounts payable after more than one year | 17 | €7,125 | - | -€7,125 | |
| Financial debts | 170/4 | €7,125 | - | -€7,125 | |
| Amounts payable within one year | 42/48 | €110,434 | €111,804 | +€1,369 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €8,222 | €7,355 | -€867 | -10.5% |
| Trade debts | 44 | €6,630 | €18,307 | +€11,677 | +176% |
| Suppliers | 440/4 | €6,630 | €18,307 | +€11,677 | +176% |
| Taxes, remuneration and social security | 45 | €26,762 | €8,566 | -€18,196 | -68.0% |
| Taxes | 450/3 | €26,047 | €8,443 | -€17,604 | -67.6% |
| Remuneration and social security | 454/9 | €716 | €124 | -€592 | -82.7% |
| Other amounts payable | 47/48 | €68,821 | €77,576 | +€8,756 | +12.7% |
| Remuneration, social security and pensions | 62 | €14,620 | €0 | -€14,620 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €340 | -€2,487 | -88.0% |
| Other operating charges | 640/8 | €21,330 | €22,876 | +€1,545 | +7.2% |
| Non-recurring operating charges | 66A | - | €6,473 | +€6,473 | |
| Gross operating margin | 9900 | €12,673 | -€652 | -€13,325 | |
| Operating profit (loss) | 9901 | -€26,104 | -€30,340 | -€4,236 | -16.2% |
| Financial income | 75/76B | €1 | €187 | +€186 | +16,772% |
| Recurring financial income | 75 | €1 | €187 | +€186 | +16,772% |
| Financial charges | 65/66B | €1,934 | €560 | -€1,373 | -71.0% |
| Recurring financial charges | 65 | €1,934 | €560 | -€1,373 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,037 | -€30,713 | -€2,676 | -9.5% |
| Profit (loss) for the period | 9904 | -€28,037 | -€30,713 | -€2,676 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,037 | -€30,713 | -€2,676 | -9.5% |
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 14 October 2026 via checked.be.