FLANDERS ROAD INTERMODAL: 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.
What changed
FLANDERS ROAD INTERMODAL
NACE 77.120, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€783,525
2024 · €78,158-€861,683
Equity
€1.1m
2024 · €122,495+€955,175
Cash
€2,982
2024 · €18,466-€15,484
Balance sheet total
€8.1m
2024 · €7.8m+€280,143
Largest movements
Assets
- Financial fixed assets +€1.7m
up €1.7m (+79.0%), from €2.2m to €3.9m
- Receivables within one year -€752,500
down €752,500 (-86.7%), from €867,804 to €115,305
of which Trade receivables: -€846,377
- Tangible fixed assets -€693,351
down €693,351 (-15.2%), from €4.6m to €3.9m
of which Leasing and similar rights: -€567,662
Equity and liabilities
- Revaluation surpluses +€1.7m
new in 2025: €1.7m
- Debts after one year -€1.5m
down €1.5m (-41.0%), from €3.6m to €2.1m
of which Other amounts payable: -€788,971
- Trade debts +€967,314
up €967,314 (+58.5%), from €1.7m to €2.6m
- Profit (loss) carried forward -€783,525
down €783,525 (-93.6%), from -€837,048 to -€1.6m
- Current portion of long-term debt -€213,027
down €213,027 (-14.4%), from €1.5m to €1.3m
Income statement
- Turnover -€1.2m
down €1.2m (-37.2%), from €3.2m to €2.0m
- Services and other goods -€198,521
down €198,521 (-9.6%), from €2.1m to €1.9m
- Other operating charges -€92,742
down €92,742 (-54.1%), from €171,314 to €78,572
- Other operating income +€61,063
up €61,063 (+18.4%), from €332,349 to €393,413
- Depreciation +€54,584
up €54,584 (+5.5%), from €1.0m to €1.1m
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.
Result 2024
€78,158
Turnover
-€1.2m
Other operating income
+€61,063
Services and other goods
+€198,521
Depreciation
-€54,584
Other operating charges
+€92,742
Financial income
+€3,273
Financial charges
+€10,733
Result 2025
-€783,525
raises the resultlowers the result
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.
From operations
+€2.0m
Investment
-€2.1m
Financing
+€36,503
Cash 2024
€18,466
From operations (derived)
+€2.0m
Net result for the year
-€783,525
Depreciation
+€1.1m
Receivables after one year
-€10,205
Receivables within one year
+€752,500
Deferred charges and accrued income
+€7,427
Trade debts
+€967,314
Tax, wage and social debts
-€90,673
Other debts
-€24,431
Accrued charges and deferred income
+€174,954
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
+€36,503
Debts after one year
-€1.5m
Current portion of long-term debt
-€213,027
Contributions, distributions and other
+€1.7m
Cash 2025
€2,982
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,840,293 | €8,120,436 | +€280,143 | +3.6% |
| Fixed assets | 21/28 | €6,758,127 | €7,803,476 | +€1.0m | +15.5% |
| Tangible fixed assets | 22/27 | €4,556,827 | €3,863,476 | -€693,351 | -15.2% |
| Furniture and vehicles | 24 | €276,773 | €151,084 | -€125,689 | -45.4% |
| Leasing and similar rights | 25 | €4,280,054 | €3,712,392 | -€567,662 | -13.3% |
| Financial fixed assets | 28 | €2,201,301 | €3,940,000 | +€1.7m | +79.0% |
| Affiliated companies | 280/1 | €2,201,301 | €3,940,000 | +€1.7m | +79.0% |
| Participating interests | 280 | €2,201,301 | €3,940,000 | +€1.7m | +79.0% |
| Current assets | 29/58 | €1,082,166 | €316,960 | -€765,206 | -70.7% |
| Amounts receivable after more than one year | 29 | €53,240 | €63,445 | +€10,205 | +19.2% |
| Other amounts receivable | 291 | €53,240 | €63,445 | +€10,205 | +19.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €867,804 | €115,305 | -€752,500 | -86.7% |
| Trade receivables | 40 | €860,287 | €13,910 | -€846,377 | -98.4% |
| Other amounts receivable | 41 | €7,517 | €101,395 | +€93,877 | +1,249% |
| Cash at bank and in hand | 54/58 | €18,466 | €2,982 | -€15,484 | -83.8% |
| Deferred charges and accrued income | 490/1 | €142,655 | €135,228 | -€7,427 | -5.2% |
| Total equity and liabilities | 10/49 | €7,840,293 | €8,120,436 | +€280,143 | +3.6% |
| Equity | 10/15 | €122,495 | €1,077,670 | +€955,175 | +780% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,738,700 | +€1.7m | |
| Reserves | 13 | €59,543 | €59,543 | = | 0.0% |
| Distributable reserves | 133 | €59,543 | €59,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€837,048 | -€1,620,572 | -€783,525 | -93.6% |
| Amounts payable | 17/49 | €7,717,798 | €7,042,766 | -€675,032 | -8.7% |
| Amounts payable after more than one year | 17 | €3,634,703 | €2,145,534 | -€1.5m | -41.0% |
| Financial debts | 170/4 | €1,521,708 | €821,510 | -€700,198 | -46.0% |
| Leasing and similar obligations | 172 | €1,521,708 | €821,510 | -€700,198 | -46.0% |
| Credit institutions | 173 | €0 | - | = | |
| Other amounts payable | 178/9 | €2,112,995 | €1,324,024 | -€788,971 | -37.3% |
| Amounts payable within one year | 42/48 | €3,263,111 | €3,902,294 | +€639,183 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €1,477,705 | €1,264,678 | -€213,027 | -14.4% |
| Trade debts | 44 | €1,653,448 | €2,620,762 | +€967,314 | +58.5% |
| Suppliers | 440/4 | €1,653,448 | €2,620,762 | +€967,314 | +58.5% |
| Taxes, remuneration and social security | 45 | €90,673 | €0 | -€90,673 | -100% |
| Taxes | 450/3 | €90,673 | €0 | -€90,673 | -100% |
| Other amounts payable | 47/48 | €41,285 | €16,854 | -€24,431 | -59.2% |
| Accrued charges and deferred income | 492/3 | €819,984 | €994,938 | +€174,954 | +21.3% |
| Operating income | 70/76A | €3,488,349 | €2,375,983 | -€1.1m | -31.9% |
| Turnover | 70 | €3,156,000 | €1,982,570 | -€1.2m | -37.2% |
| Other operating income | 74 | €332,349 | €393,413 | +€61,063 | +18.4% |
| Operating charges | 60/66A | €3,246,833 | €3,010,154 | -€236,678 | -7.3% |
| Services and other goods | 61 | €2,075,185 | €1,876,664 | -€198,521 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000,334 | €1,054,918 | +€54,584 | +5.5% |
| Other operating charges | 640/8 | €171,314 | €78,572 | -€92,742 | -54.1% |
| Operating profit (loss) | 9901 | €241,516 | -€634,172 | -€875,688 | |
| Financial income | 75/76B | €843 | €4,116 | +€3,273 | +388% |
| Recurring financial income | 75 | €843 | €4,116 | +€3,273 | +388% |
| Income from current assets | 751 | €799 | €1,750 | +€952 | +119% |
| Other financial income | 752/9 | €44 | €2,365 | +€2,321 | +5,264% |
| Financial charges | 65/66B | €164,201 | €153,469 | -€10,733 | -6.5% |
| Recurring financial charges | 65 | €164,201 | €153,469 | -€10,733 | -6.5% |
| Debt charges | 650 | €164,069 | €153,233 | -€10,836 | -6.6% |
| Other financial charges | 652/9 | €132 | €236 | +€104 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €78,158 | -€783,525 | -€861,683 | |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €78,158 | -€783,525 | -€861,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,158 | -€783,525 | -€861,683 |
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 13 October 2026 via checked.be.