EMIR 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.
EMIR TRANS
Largest movements
- Receivables within one year +€26,360
up €26,360 (+35.5%), from €74,351 to €100,711
of which Other amounts receivable: +€41,372
- Cash +€9,426
new in 2025: €9,426
mainly Net result for the year (+€29,116) and Deferred charges and accrued income (+€6,902)
- Deferred charges and accrued income -€6,902
no longer reported in 2025 (was €6,902)
- Tangible fixed assets -€2,880
down €2,880 (-11.6%), from €24,878 to €21,998
of which Plant, machinery and equipment: -€3,016
- Reserves +€25,000
up €25,000 (+1,344%), from €1,860 to €26,860
of which Distributable reserves: +€26,860
- Short-term financial debts -€14,391
no longer reported in 2025 (was €14,391)
- Debts after one year +€5,517
up €5,517 (+44.5%), from €12,384 to €17,901
- Trade debts +€5,430
up €5,430 (+253%), from €2,143 to €7,572
- Profit (loss) carried forward +€4,116
up €4,116 (+12.4%), from €33,070 to €37,187
- Gross operating margin +€50,632
up €50,632 (+73.4%), from €68,994 to €119,626
- Taxes +€16,311
up €16,311 (+2,376%), from €687 to €16,998
- Other operating charges +€16,193
up €16,193 (+65.2%), from €24,842 to €41,035
- Depreciation -€5,908
down €5,908 (-46.4%), from €12,733 to €6,825
- Financial income +€4,472
up €4,472 (+1,022%), from €437 to €4,909
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 | €116,000 | €142,004 | +€26,004 | +22.4% |
| Fixed assets | 21/28 | €34,747 | €31,866 | -€2,880 | -8.3% |
| Tangible fixed assets | 22/27 | €24,878 | €21,998 | -€2,880 | -11.6% |
| Plant, machinery and equipment | 23 | €7,539 | €4,522 | -€3,016 | -40.0% |
| Furniture and vehicles | 24 | €17,339 | €17,475 | +€136 | +0.8% |
| Financial fixed assets | 28 | €9,869 | €9,869 | = | 0.0% |
| Current assets | 29/58 | €81,253 | €110,138 | +€28,885 | +35.5% |
| Amounts receivable within one year | 40/41 | €74,351 | €100,711 | +€26,360 | +35.5% |
| Trade receivables | 40 | €22,677 | €7,665 | -€15,011 | -66.2% |
| Other amounts receivable | 41 | €51,674 | €93,046 | +€41,372 | +80.1% |
| Cash at bank and in hand | 54/58 | - | €9,426 | +€9,426 | |
| Deferred charges and accrued income | 490/1 | €6,902 | - | -€6,902 | |
| Total equity and liabilities | 10/49 | €116,000 | €142,004 | +€26,004 | +22.4% |
| Equity | 10/15 | €53,530 | €82,647 | +€29,116 | +54.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €26,860 | +€25,000 | +1,344% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €26,860 | +€26,860 | |
| Profit (loss) carried forward | 14 | €33,070 | €37,187 | +€4,116 | +12.4% |
| Amounts payable | 17/49 | €62,470 | €59,358 | -€3,112 | -5.0% |
| Amounts payable after more than one year | 17 | €12,384 | €17,901 | +€5,517 | +44.5% |
| Financial debts | 170/4 | €12,384 | €17,901 | +€5,517 | +44.5% |
| Amounts payable within one year | 42/48 | €50,086 | €41,457 | -€8,629 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €12,124 | €8,561 | -€3,563 | -29.4% |
| Financial debts | 43 | €14,391 | - | -€14,391 | |
| Credit institutions | 430/8 | €14,391 | - | -€14,391 | |
| Trade debts | 44 | €2,143 | €7,572 | +€5,430 | +253% |
| Suppliers | 440/4 | €2,143 | €7,572 | +€5,430 | +253% |
| Taxes, remuneration and social security | 45 | €21,428 | €25,323 | +€3,895 | +18.2% |
| Taxes | 450/3 | €16,197 | €24,934 | +€8,738 | +53.9% |
| Remuneration and social security | 454/9 | €5,231 | €389 | -€4,842 | -92.6% |
| Remuneration, social security and pensions | 62 | €26,039 | €26,705 | +€667 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,733 | €6,825 | -€5,908 | -46.4% |
| Other operating charges | 640/8 | €24,842 | €41,035 | +€16,193 | +65.2% |
| Gross operating margin | 9900 | €68,994 | €119,626 | +€50,632 | +73.4% |
| Operating profit (loss) | 9901 | €5,381 | €45,061 | +€39,680 | +737% |
| Financial income | 75/76B | €437 | €4,909 | +€4,472 | +1,022% |
| Recurring financial income | 75 | €437 | €4,909 | +€4,472 | +1,022% |
| Financial charges | 65/66B | €3,299 | €3,856 | +€557 | +16.9% |
| Recurring financial charges | 65 | €3,299 | €3,856 | +€557 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €2,519 | €46,114 | +€43,595 | +1,730% |
| Income taxes | 67/77 | €687 | €16,998 | +€16,311 | +2,376% |
| Profit (loss) for the period | 9904 | €1,833 | €29,116 | +€27,284 | +1,489% |
| Profit (loss) for the period to be appropriated | 9905 | €1,833 | €29,116 | +€27,284 | +1,489% |
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 19 October 2026 via checked.be.