HERTLEER TRANSPORT: 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
HERTLEER TRANSPORT
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€13,948
2024 · -€2-€13,946
Equity
€760,820
2024 · €834,839-€74,019
Cash
€576,836
2024 · €573,280+€3,556
Balance sheet total
€1.1m
2024 · €1.3m-€162,995
Largest movements
Assets
- Tangible fixed assets -€130,352
down €130,352 (-39.5%), from €329,948 to €199,596
of which Leasing and similar rights: -€93,900
- Receivables within one year -€35,726
down €35,726 (-10.5%), from €339,812 to €304,086
of which Trade receivables: -€36,217
Equity and liabilities
- Debts after one year -€74,092
down €74,092 (-60.4%), from €122,662 to €48,570
- Reserves -€60,071
down €60,071 (-7.9%), from €764,839 to €704,768
of which Distributable reserves: -€60,071
- Profit (loss) carried forward -€13,948
new in 2025: -€13,948
- Current portion of long-term debt -€12,681
down €12,681 (-13.1%), from €96,773 to €84,093
Income statement
- Staff costs +€82,826
up €82,826 (+12.8%), from €649,233 to €732,059
- Gross operating margin +€57,908
up €57,908 (+6.9%), from €837,231 to €895,139
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
-€2
Gross operating margin
+€57,908
Staff costs
-€82,826
Depreciation
+€8,738
Other operating charges
-€360
Financial income
+€688
Financial charges
+€1,302
Taxes
+€603
Result 2025
-€13,948
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
+€184,404
Investment
-€34,004
Financing
-€146,844
Cash 2024
€573,280
From operations (derived)
+€184,404
Net result for the year
-€13,948
Depreciation
+€164,357
Receivables within one year
+€35,726
Deferred charges and accrued income
+€472
Trade debts
+€2,214
Tax, wage and social debts
+€7,731
Other debts
-€12,148
Investment (derived)
-€34,004
Investment in fixed assets (net)
-€34,004
Financing
-€146,844
Debts after one year
-€74,092
Current portion of long-term debt
-€12,681
Contributions, distributions and other
-€60,071
Cash 2025
€576,836
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,259,048 | €1,096,053 | -€162,995 | -12.9% |
| Fixed assets | 21/28 | €331,028 | €200,676 | -€130,352 | -39.4% |
| Tangible fixed assets | 22/27 | €329,948 | €199,596 | -€130,352 | -39.5% |
| Land and buildings | 22 | €5,287 | €3,125 | -€2,162 | -40.9% |
| Plant, machinery and equipment | 23 | €13,536 | €40,571 | +€27,036 | +200% |
| Furniture and vehicles | 24 | €123,376 | €62,049 | -€61,326 | -49.7% |
| Leasing and similar rights | 25 | €187,750 | €93,850 | -€93,900 | -50.0% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €928,020 | €895,378 | -€32,642 | -3.5% |
| Stocks and contracts in progress | 3 | €14,456 | €14,456 | = | 0.0% |
| Stocks | 30/36 | €14,456 | €14,456 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €339,812 | €304,086 | -€35,726 | -10.5% |
| Trade receivables | 40 | €339,812 | €303,595 | -€36,217 | -10.7% |
| Other amounts receivable | 41 | - | €491 | +€491 | |
| Cash at bank and in hand | 54/58 | €573,280 | €576,836 | +€3,556 | +0.6% |
| Deferred charges and accrued income | 490/1 | €472 | - | -€472 | |
| Total equity and liabilities | 10/49 | €1,259,048 | €1,096,053 | -€162,995 | -12.9% |
| Equity | 10/15 | €834,839 | €760,820 | -€74,019 | -8.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €764,839 | €704,768 | -€60,071 | -7.9% |
| Non-distributable reserves | 130/1 | €24,100 | €24,100 | = | 0.0% |
| Legal reserve | 130 | €24,100 | €24,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €309,250 | €309,250 | = | 0.0% |
| Distributable reserves | 133 | €431,489 | €371,418 | -€60,071 | -13.9% |
| Profit (loss) carried forward | 14 | - | -€13,948 | -€13,948 | |
| Amounts payable | 17/49 | €424,210 | €335,234 | -€88,976 | -21.0% |
| Amounts payable after more than one year | 17 | €122,662 | €48,570 | -€74,092 | -60.4% |
| Financial debts | 170/4 | €122,662 | €48,570 | -€74,092 | -60.4% |
| Amounts payable within one year | 42/48 | €301,548 | €286,664 | -€14,884 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €96,773 | €84,093 | -€12,681 | -13.1% |
| Trade debts | 44 | €29,828 | €32,041 | +€2,214 | +7.4% |
| Suppliers | 440/4 | €29,828 | €32,041 | +€2,214 | +7.4% |
| Taxes, remuneration and social security | 45 | €100,990 | €108,721 | +€7,731 | +7.7% |
| Taxes | 450/3 | €31,823 | €26,906 | -€4,917 | -15.5% |
| Remuneration and social security | 454/9 | €69,167 | €81,815 | +€12,648 | +18.3% |
| Other amounts payable | 47/48 | €73,957 | €61,809 | -€12,148 | -16.4% |
| Remuneration, social security and pensions | 62 | €649,233 | €732,059 | +€82,826 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,095 | €164,357 | -€8,738 | -5.0% |
| Other operating charges | 640/8 | €11,096 | €11,456 | +€360 | +3.2% |
| Gross operating margin | 9900 | €837,231 | €895,139 | +€57,908 | +6.9% |
| Operating profit (loss) | 9901 | €3,807 | -€12,732 | -€16,539 | |
| Financial income | 75/76B | €1,973 | €2,661 | +€688 | +34.9% |
| Recurring financial income | 75 | €1,973 | €2,661 | +€688 | +34.9% |
| Financial charges | 65/66B | €4,925 | €3,623 | -€1,302 | -26.4% |
| Recurring financial charges | 65 | €4,925 | €3,623 | -€1,302 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €855 | -€13,694 | -€14,549 | |
| Income taxes | 67/77 | €857 | €254 | -€603 | -70.4% |
| Profit (loss) for the period | 9904 | -€2 | -€13,948 | -€13,946 | -576,262% |
| Transfer from tax-exempt reserves | 789 | €2,048 | - | -€2,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,046 | -€13,948 | -€15,994 |
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 25 October 2026 via checked.be.