Er 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.
Er Trans
Largest movements
- Tangible fixed assets +€33,749
new in 2025: €33,749
- Receivables within one year +€4,486
up €4,486 (+3.8%), from €118,864 to €123,350
of which Other amounts receivable: +€8,469
- Debts after one year +€29,182
up €29,182 (+2,277%), from €1,281 to €30,463
- Reserves +€16,270
up €16,270 (+20.5%), from €79,438 to €95,708
of which Distributable reserves: +€16,270
- Trade debts -€4,591
down €4,591 (-41.4%), from €11,087 to €6,497
- Tax, wage and social debts -€2,324
down €2,324 (-29.8%), from €7,808 to €5,484
- Gross operating margin +€15,675
up €15,675 (+164%), from €9,584 to €25,258
- Depreciation +€3,693
new in 2025: €3,693
- Taxes +€2,410
up €2,410 (+123%), from €1,958 to €4,368
- Financial charges -€566
down €566 (-56.0%), from €1,011 to €445
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 | €119,614 | €158,152 | +€38,537 | +32.2% |
| Fixed assets | 21/28 | €750 | €34,499 | +€33,749 | +4,500% |
| Tangible fixed assets | 22/27 | - | €33,749 | +€33,749 | |
| Furniture and vehicles | 24 | - | €33,749 | +€33,749 | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €118,864 | €123,652 | +€4,788 | +4.0% |
| Amounts receivable within one year | 40/41 | €118,864 | €123,350 | +€4,486 | +3.8% |
| Trade receivables | 40 | €15,590 | €11,607 | -€3,983 | -25.5% |
| Other amounts receivable | 41 | €103,274 | €111,743 | +€8,469 | +8.2% |
| Cash at bank and in hand | 54/58 | €0 | €27 | +€27 | +45,183% |
| Deferred charges and accrued income | 490/1 | - | €275 | +€275 | |
| Total equity and liabilities | 10/49 | €119,614 | €158,152 | +€38,537 | +32.2% |
| Equity | 10/15 | €99,438 | €115,708 | +€16,270 | +16.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €79,438 | €95,708 | +€16,270 | +20.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,329 | €6,329 | = | 0.0% |
| Distributable reserves | 133 | €71,109 | €87,379 | +€16,270 | +22.9% |
| Amounts payable | 17/49 | €20,176 | €42,444 | +€22,267 | +110% |
| Amounts payable after more than one year | 17 | €1,281 | €30,463 | +€29,182 | +2,277% |
| Financial debts | 170/4 | €1,281 | €30,463 | +€29,182 | +2,277% |
| Amounts payable within one year | 42/48 | €18,895 | €11,981 | -€6,914 | -36.6% |
| Trade debts | 44 | €11,087 | €6,497 | -€4,591 | -41.4% |
| Suppliers | 440/4 | €11,087 | €6,497 | -€4,591 | -41.4% |
| Taxes, remuneration and social security | 45 | €7,808 | €5,484 | -€2,324 | -29.8% |
| Taxes | 450/3 | €7,808 | €5,484 | -€2,324 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,693 | +€3,693 | |
| Other operating charges | 640/8 | €714 | €483 | -€231 | -32.4% |
| Gross operating margin | 9900 | €9,584 | €25,258 | +€15,675 | +164% |
| Operating profit (loss) | 9901 | €8,869 | €21,082 | +€12,213 | +138% |
| Financial income | 75/76B | €1 | €1 | -€0 | -2.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -2.0% |
| Financial charges | 65/66B | €1,011 | €445 | -€566 | -56.0% |
| Recurring financial charges | 65 | €1,011 | €445 | -€566 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €7,859 | €20,638 | +€12,779 | +163% |
| Income taxes | 67/77 | €1,958 | €4,368 | +€2,410 | +123% |
| Profit (loss) for the period | 9904 | €5,901 | €16,270 | +€10,369 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €5,901 | €16,270 | +€10,369 | +176% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.