Efficient Transport Services: 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.
Efficient Transport Services
Largest movements
- Stocks and contracts +€32,868
new in 2025: €32,868
- Cash -€9,300
down €9,300 (-41.9%), from €22,204 to €12,904
mainly Stocks and contracts (-€32,868) and Investment in fixed assets (net) (-€21,900)
- Tangible fixed assets +€8,837
up €8,837 (+32.4%), from €27,250 to €36,087
- Deferred charges and accrued income +€1,625
up €1,625 (+62.2%), from €2,611 to €4,236
- Profit (loss) carried forward +€15,941
up €15,941 (+118.4%), from €13,464 to €29,405
- Tax, wage and social debts +€15,038
up €15,038 (+106.5%), from €14,121 to €29,159
of which Remuneration and social security: +€10,011
- Trade debts +€11,031
up €11,031 (+114.8%), from €9,613 to €20,644
- Debts after one year -€6,422
down €6,422 (-35.0%), from €18,356 to €11,934
- Other debts -€1,376
down €1,376 (-100.0%), from €1,376 to €0
- Gross operating margin +€107,606
up €107,606 (+235.6%), from €45,667 to €153,273
- Staff costs +€91,674
up €91,674 (+379.4%), from €24,160 to €115,834
- Depreciation +€11,197
up €11,197 (+599.8%), from €1,867 to €13,063
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 | €66,006 | €100,564 | +€34,558 | +52.4% |
| Fixed assets | 21/28 | €27,250 | €36,087 | +€8,837 | +32.4% |
| Tangible fixed assets | 22/27 | €27,250 | €36,087 | +€8,837 | +32.4% |
| Furniture and vehicles | 24 | €27,250 | €36,087 | +€8,837 | +32.4% |
| Current assets | 29/58 | €38,755 | €64,477 | +€25,722 | +66.4% |
| Stocks and contracts in progress | 3 | - | €32,868 | +€32,868 | |
| Stocks | 30/36 | - | €32,868 | +€32,868 | |
| Amounts receivable within one year | 40/41 | €13,940 | €14,470 | +€530 | +3.8% |
| Trade receivables | 40 | €12,786 | €10,262 | -€2,525 | -19.7% |
| Other amounts receivable | 41 | €1,154 | €4,208 | +€3,054 | +264.6% |
| Cash at bank and in hand | 54/58 | €22,204 | €12,904 | -€9,300 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,611 | €4,236 | +€1,625 | +62.2% |
| Total equity and liabilities | 10/49 | €66,006 | €100,564 | +€34,558 | +52.4% |
| Equity | 10/15 | €15,964 | €31,905 | +€15,941 | +99.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,464 | €29,405 | +€15,941 | +118.4% |
| Amounts payable | 17/49 | €50,042 | €68,659 | +€18,618 | +37.2% |
| Amounts payable after more than one year | 17 | €18,356 | €11,934 | -€6,422 | -35.0% |
| Financial debts | 170/4 | €18,356 | €11,934 | -€6,422 | -35.0% |
| Amounts payable within one year | 42/48 | €31,258 | €56,225 | +€24,967 | +79.9% |
| Current portion of amounts payable after more than one year | 42 | €6,149 | €6,422 | +€274 | +4.4% |
| Trade debts | 44 | €9,613 | €20,644 | +€11,031 | +114.8% |
| Suppliers | 440/4 | €9,613 | €20,644 | +€11,031 | +114.8% |
| Taxes, remuneration and social security | 45 | €14,121 | €29,159 | +€15,038 | +106.5% |
| Taxes | 450/3 | €12,446 | €17,473 | +€5,028 | +40.4% |
| Remuneration and social security | 454/9 | €1,675 | €11,686 | +€10,011 | +597.6% |
| Other amounts payable | 47/48 | €1,376 | €0 | -€1,376 | -100.0% |
| Accrued charges and deferred income | 492/3 | €428 | €500 | +€73 | +17.0% |
| Remuneration, social security and pensions | 62 | €24,160 | €115,834 | +€91,674 | +379.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,867 | €13,063 | +€11,197 | +599.8% |
| Other operating charges | 640/8 | €1,553 | €1,834 | +€281 | +18.1% |
| Gross operating margin | 9900 | €45,667 | €153,273 | +€107,606 | +235.6% |
| Operating profit (loss) | 9901 | €18,087 | €22,541 | +€4,455 | +24.6% |
| Financial income | 75/76B | - | €108 | +€108 | |
| Recurring financial income | 75 | - | €108 | +€108 | |
| Financial charges | 65/66B | €423 | €1,189 | +€767 | +181.4% |
| Recurring financial charges | 65 | €423 | €1,189 | +€767 | +181.4% |
| Profit (loss) for the period before taxes | 9903 | €17,664 | €21,460 | +€3,796 | +21.5% |
| Income taxes | 67/77 | €4,200 | €5,519 | +€1,319 | +31.4% |
| Profit (loss) for the period | 9904 | €13,464 | €15,941 | +€2,477 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,464 | €15,941 | +€2,477 | +18.4% |
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 10 October 2026 via checked.be.