GENERAL TRANSPORT SERVICES: 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.
GENERAL TRANSPORT SERVICES
Largest movements
- Receivables within one year +€184,507
up €184,507 (+55.4%), from €333,106 to €517,612
of which Trade receivables: +€175,069
- Cash -€6,529
down €6,529 (-21.0%), from €31,151 to €24,623
mainly Receivables within one year (-€184,507) and Investment in fixed assets (net) (-€3,132)
- Trade debts +€108,493
up €108,493 (+122%), from €88,832 to €197,325
- Profit (loss) carried forward +€55,352
up €55,352 (+30.3%), from €182,425 to €237,777
- Tax, wage and social debts +€16,222
up €16,222 (+59.2%), from €27,388 to €43,609
of which Taxes: +€24,000
- Gross operating margin +€52,132
up €52,132 (+32.3%), from €161,213 to €213,345
- Staff costs -€26,714
down €26,714 (-17.7%), from €150,523 to €123,809
- Taxes +€24,000
new in 2025: €24,000
- Financial charges +€5,052
up €5,052 (+177%), from €2,847 to €7,899
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 | €366,815 | €546,882 | +€180,067 | +49.1% |
| Fixed assets | 21/28 | €2,558 | €3,784 | +€1,226 | +47.9% |
| Tangible fixed assets | 22/27 | €2,285 | €3,511 | +€1,226 | +53.6% |
| Furniture and vehicles | 24 | €2,285 | €3,511 | +€1,226 | +53.6% |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €364,257 | €543,098 | +€178,841 | +49.1% |
| Amounts receivable within one year | 40/41 | €333,106 | €517,612 | +€184,507 | +55.4% |
| Trade receivables | 40 | €331,984 | €507,054 | +€175,069 | +52.7% |
| Other amounts receivable | 41 | €1,121 | €10,559 | +€9,438 | +842% |
| Cash at bank and in hand | 54/58 | €31,151 | €24,623 | -€6,529 | -21.0% |
| Deferred charges and accrued income | 490/1 | - | €863 | +€863 | |
| Total equity and liabilities | 10/49 | €366,815 | €546,882 | +€180,067 | +49.1% |
| Equity | 10/15 | €250,595 | €305,948 | +€55,352 | +22.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,425 | €237,777 | +€55,352 | +30.3% |
| Amounts payable | 17/49 | €116,219 | €240,934 | +€124,715 | +107% |
| Amounts payable within one year | 42/48 | €116,219 | €240,934 | +€124,715 | +107% |
| Trade debts | 44 | €88,832 | €197,325 | +€108,493 | +122% |
| Suppliers | 440/4 | €88,832 | €197,325 | +€108,493 | +122% |
| Taxes, remuneration and social security | 45 | €27,388 | €43,609 | +€16,222 | +59.2% |
| Taxes | 450/3 | €4,343 | €28,343 | +€24,000 | +553% |
| Remuneration and social security | 454/9 | €23,045 | €15,267 | -€7,778 | -33.8% |
| Remuneration, social security and pensions | 62 | €150,523 | €123,809 | -€26,714 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,717 | €1,906 | +€189 | +11.0% |
| Other operating charges | 640/8 | €1,665 | €688 | -€977 | -58.7% |
| Gross operating margin | 9900 | €161,213 | €213,345 | +€52,132 | +32.3% |
| Operating profit (loss) | 9901 | €7,308 | €86,942 | +€79,634 | +1,090% |
| Financial income | 75/76B | €134 | €309 | +€176 | +132% |
| Recurring financial income | 75 | €134 | €309 | +€176 | +132% |
| Financial charges | 65/66B | €2,847 | €7,899 | +€5,052 | +177% |
| Recurring financial charges | 65 | €2,847 | €7,899 | +€5,052 | +177% |
| Profit (loss) for the period before taxes | 9903 | €4,595 | €79,352 | +€74,757 | +1,627% |
| Income taxes | 67/77 | - | €24,000 | +€24,000 | |
| Profit (loss) for the period | 9904 | €4,595 | €55,352 | +€50,757 | +1,105% |
| Profit (loss) for the period to be appropriated | 9905 | €4,595 | €55,352 | +€50,757 | +1,105% |
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 18 October 2026 via checked.be.