FLEET 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.
FLEET TRANS
Largest movements
- Receivables within one year +€83,994
up €83,994 (+105%), from €80,299 to €164,293
of which Trade receivables: +€60,893
- Cash -€47,461
down €47,461 (-58.9%), from €80,541 to €33,080
mainly Other debts (-€198,798) and Receivables within one year (-€83,994)
- Tangible fixed assets -€45,455
down €45,455 (-26.0%), from €174,923 to €129,468
of which Furniture and vehicles: -€45,500
- Deferred charges and accrued income +€13,828
up €13,828 (+1,143%), from €1,210 to €15,038
- Financial fixed assets +€7,600
up €7,600 (+30.8%), from €24,670 to €32,270
- Other debts -€198,798
no longer reported in 2025 (was €198,798)
- Reserves +€150,000
up €150,000 (+180%), from €83,500 to €233,500
- Trade debts +€55,646
up €55,646 (+138%), from €40,341 to €95,987
- Gross operating margin +€329,026
up €329,026 (+133%), from €246,754 to €575,780
- Staff costs +€198,681
up €198,681 (+227%), from €87,450 to €286,131
- Taxes +€31,539
up €31,539 (+71.6%), from €44,060 to €75,599
- Depreciation +€25,128
up €25,128 (+86.9%), from €28,927 to €54,055
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 | €361,644 | €374,150 | +€12,505 | +3.5% |
| Fixed assets | 21/28 | €199,593 | €161,738 | -€37,855 | -19.0% |
| Tangible fixed assets | 22/27 | €174,923 | €129,468 | -€45,455 | -26.0% |
| Plant, machinery and equipment | 23 | €1,278 | €1,322 | +€45 | +3.5% |
| Furniture and vehicles | 24 | €173,646 | €128,146 | -€45,500 | -26.2% |
| Financial fixed assets | 28 | €24,670 | €32,270 | +€7,600 | +30.8% |
| Current assets | 29/58 | €162,051 | €212,412 | +€50,361 | +31.1% |
| Amounts receivable within one year | 40/41 | €80,299 | €164,293 | +€83,994 | +105% |
| Trade receivables | 40 | €80,299 | €141,192 | +€60,893 | +75.8% |
| Other amounts receivable | 41 | - | €23,101 | +€23,101 | |
| Cash at bank and in hand | 54/58 | €80,541 | €33,080 | -€47,461 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,210 | €15,038 | +€13,828 | +1,143% |
| Total equity and liabilities | 10/49 | €361,644 | €374,150 | +€12,505 | +3.5% |
| Equity | 10/15 | €79,285 | €232,346 | +€153,061 | +193% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €83,500 | €233,500 | +€150,000 | +180% |
| Distributable reserves | 133 | €83,500 | €233,500 | +€150,000 | +180% |
| Profit (loss) carried forward | 14 | -€5,215 | -€2,154 | +€3,061 | +58.7% |
| Amounts payable | 17/49 | €282,359 | €141,804 | -€140,556 | -49.8% |
| Amounts payable within one year | 42/48 | €282,359 | €141,804 | -€140,556 | -49.8% |
| Trade debts | 44 | €40,341 | €95,987 | +€55,646 | +138% |
| Suppliers | 440/4 | €40,341 | €95,987 | +€55,646 | +138% |
| Taxes, remuneration and social security | 45 | €43,220 | €45,816 | +€2,597 | +6.0% |
| Taxes | 450/3 | €28,755 | €37,307 | +€8,552 | +29.7% |
| Remuneration and social security | 454/9 | €14,465 | €8,510 | -€5,955 | -41.2% |
| Other amounts payable | 47/48 | €198,798 | - | -€198,798 | |
| Remuneration, social security and pensions | 62 | €87,450 | €286,131 | +€198,681 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,927 | €54,055 | +€25,128 | +86.9% |
| Other operating charges | 640/8 | €2,721 | €6,987 | +€4,266 | +157% |
| Gross operating margin | 9900 | €246,754 | €575,780 | +€329,026 | +133% |
| Operating profit (loss) | 9901 | €127,657 | €228,607 | +€100,951 | +79.1% |
| Financial income | 75/76B | - | €157 | +€157 | |
| Recurring financial income | 75 | - | €157 | +€157 | |
| Financial charges | 65/66B | €55 | €104 | +€49 | +88.2% |
| Recurring financial charges | 65 | €55 | €104 | +€49 | +88.2% |
| Profit (loss) for the period before taxes | 9903 | €127,601 | €228,661 | +€101,059 | +79.2% |
| Income taxes | 67/77 | €44,060 | €75,599 | +€31,539 | +71.6% |
| Profit (loss) for the period | 9904 | €83,541 | €153,061 | +€69,520 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,541 | €153,061 | +€69,520 | +83.2% |
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 16 October 2026 via checked.be.