I & 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.
I & TRANS
Largest movements
- Receivables within one year -€32,723
down €32,723 (-15.8%), from €206,483 to €173,760
of which Trade receivables: -€33,961
- Cash +€23,851
up €23,851 (+6.9%), from €344,486 to €368,336
mainly Depreciation (+€47,965) and Receivables within one year (+€32,723)
- Profit (loss) carried forward -€9,580
down €9,580 (-2.6%), from €365,771 to €356,191
- Staff costs -€44,592
down €44,592 (-15.1%), from €294,513 to €249,921
- Depreciation -€6,128
down €6,128 (-11.3%), from €54,093 to €47,965
- Gross operating margin +€5,651
up €5,651 (+1.9%), from €294,642 to €300,293
- Financial income +€4,112
up €4,112 (+205%), from €2,008 to €6,119
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 | €770,647 | €754,306 | -€16,340 | -2.1% |
| Fixed assets | 21/28 | €219,678 | €212,210 | -€7,468 | -3.4% |
| Tangible fixed assets | 22/27 | €217,798 | €210,600 | -€7,198 | -3.3% |
| Land and buildings | 22 | €131,952 | €123,336 | -€8,615 | -6.5% |
| Plant, machinery and equipment | 23 | €173 | - | -€173 | |
| Furniture and vehicles | 24 | €85,673 | €87,264 | +€1,590 | +1.9% |
| Financial fixed assets | 28 | €1,880 | €1,610 | -€270 | -14.4% |
| Current assets | 29/58 | €550,969 | €542,096 | -€8,872 | -1.6% |
| Amounts receivable within one year | 40/41 | €206,483 | €173,760 | -€32,723 | -15.8% |
| Trade receivables | 40 | €205,938 | €171,977 | -€33,961 | -16.5% |
| Other amounts receivable | 41 | €545 | €1,783 | +€1,239 | +227% |
| Cash at bank and in hand | 54/58 | €344,486 | €368,336 | +€23,851 | +6.9% |
| Total equity and liabilities | 10/49 | €770,647 | €754,306 | -€16,340 | -2.1% |
| Equity | 10/15 | €468,971 | €459,391 | -€9,580 | -2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €41,200 | €41,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365,771 | €356,191 | -€9,580 | -2.6% |
| Amounts payable | 17/49 | €301,676 | €294,915 | -€6,760 | -2.2% |
| Amounts payable within one year | 42/48 | €301,676 | €294,915 | -€6,760 | -2.2% |
| Trade debts | 44 | €81,685 | €74,583 | -€7,103 | -8.7% |
| Suppliers | 440/4 | €81,685 | €74,583 | -€7,103 | -8.7% |
| Taxes, remuneration and social security | 45 | €17,675 | €18,017 | +€342 | +1.9% |
| Taxes | 450/3 | €5,387 | €7,940 | +€2,553 | +47.4% |
| Remuneration and social security | 454/9 | €12,288 | €10,077 | -€2,210 | -18.0% |
| Other amounts payable | 47/48 | €202,316 | €202,316 | = | 0.0% |
| Non-recurring operating income | 76A | €2,607 | €14,409 | +€11,802 | +453% |
| Remuneration, social security and pensions | 62 | €294,513 | €249,921 | -€44,592 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,093 | €47,965 | -€6,128 | -11.3% |
| Other operating charges | 640/8 | €18,278 | €16,660 | -€1,618 | -8.8% |
| Gross operating margin | 9900 | €294,642 | €300,293 | +€5,651 | +1.9% |
| Operating profit (loss) | 9901 | -€72,242 | -€14,253 | +€57,989 | +80.3% |
| Financial income | 75/76B | €2,008 | €6,119 | +€4,112 | +205% |
| Recurring financial income | 75 | €2,008 | €6,119 | +€4,112 | +205% |
| Financial charges | 65/66B | €1,859 | €1,447 | -€412 | -22.2% |
| Recurring financial charges | 65 | €1,859 | €1,447 | -€412 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€72,093 | -€9,580 | +€62,513 | +86.7% |
| Profit (loss) for the period | 9904 | -€72,093 | -€9,580 | +€62,513 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,093 | -€9,580 | +€62,513 | +86.7% |
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 25 October 2026 via checked.be.