Es-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.
Es-Er Trans
Largest movements
- Tangible fixed assets -€368,417
down €368,417 (-38.0%), from €970,770 to €602,352
of which Leasing and similar rights: -€339,096
- Receivables within one year +€65,137
up €65,137 (+31.7%), from €205,403 to €270,540
of which Trade receivables: +€74,872
- Deferred charges and accrued income +€52,132
new in 2025: €52,132
- Debts after one year -€383,343
down €383,343 (-46.4%), from €825,910 to €442,567
- Profit (loss) carried forward -€160,375
down €160,375 (-43.9%), from -€365,591 to -€525,966
- Tax, wage and social debts +€149,432
up €149,432 (+426%), from €35,115 to €184,547
of which Remuneration and social security: +€153,316
- Contributions +€140,283
up €140,283 (+754%), from €18,600 to €158,883
- Trade debts +€35,792
up €35,792 (+85.3%), from €41,975 to €77,766
- Staff costs +€133,562
up €133,562 (+12.9%), from €1.0m to €1.2m
- Gross operating margin +€53,435
up €53,435 (+3.3%), from €1.6m to €1.7m
- Financial charges -€24,502
down €24,502 (-34.1%), from €71,945 to €47,443
- Other operating charges -€18,468
down €18,468 (-6.4%), from €290,093 to €271,625
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 | €1,193,822 | €947,051 | -€246,771 | -20.7% |
| Fixed assets | 21/28 | €974,368 | €602,352 | -€372,016 | -38.2% |
| Tangible fixed assets | 22/27 | €970,770 | €602,352 | -€368,417 | -38.0% |
| Land and buildings | 22 | €10,695 | €10,380 | -€315 | -2.9% |
| Plant, machinery and equipment | 23 | €22,390 | €18,509 | -€3,881 | -17.3% |
| Furniture and vehicles | 24 | €93,453 | €68,328 | -€25,125 | -26.9% |
| Leasing and similar rights | 25 | €844,232 | €505,136 | -€339,096 | -40.2% |
| Financial fixed assets | 28 | €3,598 | - | -€3,598 | |
| Current assets | 29/58 | €219,455 | €344,699 | +€125,244 | +57.1% |
| Amounts receivable within one year | 40/41 | €205,403 | €270,540 | +€65,137 | +31.7% |
| Trade receivables | 40 | €179,773 | €254,646 | +€74,872 | +41.6% |
| Other amounts receivable | 41 | €25,630 | €15,895 | -€9,735 | -38.0% |
| Cash at bank and in hand | 54/58 | €14,052 | €22,027 | +€7,975 | +56.8% |
| Deferred charges and accrued income | 490/1 | - | €52,132 | +€52,132 | |
| Total equity and liabilities | 10/49 | €1,193,822 | €947,051 | -€246,771 | -20.7% |
| Equity | 10/15 | -€250,798 | -€270,890 | -€20,092 | -8.0% |
| Contributions | 10/11 | €18,600 | €158,883 | +€140,283 | +754% |
| Reserves | 13 | €96,193 | €96,193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €94,333 | €94,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€365,591 | -€525,966 | -€160,375 | -43.9% |
| Amounts payable | 17/49 | €1,444,620 | €1,217,941 | -€226,679 | -15.7% |
| Amounts payable after more than one year | 17 | €825,910 | €442,567 | -€383,343 | -46.4% |
| Financial debts | 170/4 | €825,910 | €442,567 | -€383,343 | -46.4% |
| Amounts payable within one year | 42/48 | €571,690 | €719,984 | +€148,294 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €402,339 | €384,317 | -€18,021 | -4.5% |
| Trade debts | 44 | €41,975 | €77,766 | +€35,792 | +85.3% |
| Suppliers | 440/4 | €41,975 | €77,766 | +€35,792 | +85.3% |
| Taxes, remuneration and social security | 45 | €35,115 | €184,547 | +€149,432 | +426% |
| Taxes | 450/3 | €3,884 | - | -€3,884 | |
| Remuneration and social security | 454/9 | €31,231 | €184,547 | +€153,316 | +491% |
| Other amounts payable | 47/48 | €92,261 | €73,353 | -€18,909 | -20.5% |
| Accrued charges and deferred income | 492/3 | €47,021 | €55,391 | +€8,370 | +17.8% |
| Remuneration, social security and pensions | 62 | €1,033,120 | €1,166,682 | +€133,562 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338,752 | €323,540 | -€15,212 | -4.5% |
| Other operating charges | 640/8 | €290,093 | €271,625 | -€18,468 | -6.4% |
| Non-recurring operating charges | 66A | - | €4,475 | +€4,475 | |
| Gross operating margin | 9900 | €1,599,955 | €1,653,390 | +€53,435 | +3.3% |
| Operating profit (loss) | 9901 | -€62,010 | -€112,933 | -€50,923 | -82.1% |
| Financial charges | 65/66B | €71,945 | €47,443 | -€24,502 | -34.1% |
| Recurring financial charges | 65 | €71,945 | €47,443 | -€24,502 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | -€133,954 | -€160,375 | -€26,421 | -19.7% |
| Profit (loss) for the period | 9904 | -€133,954 | -€160,375 | -€26,421 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,954 | -€160,375 | -€26,421 | -19.7% |
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 20 October 2026 via checked.be.