L-TRANS: what changed
Two fiscal 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.
L-TRANS
Largest movements
- Tangible fixed assets +€12,937
up €12,937 (+63.8%), from €20,289 to €33,226
of which Furniture and vehicles: +€14,892
- Receivables within one year +€6,733
up €6,733 (+29.5%), from €22,820 to €29,553
of which Trade receivables: +€13,243
- Cash +€6,161
up €6,161 (+109.5%), from €5,626 to €11,787
mainly Net result for the year (+€43,278) and Depreciation (+€13,063)
- Deferred charges and accrued income +€1,319
up €1,319 (+31.9%), from €4,130 to €5,449
- Profit (loss) carried forward +€40,754
no longer reported in 2025 (was -€40,754)
- Trade debts -€21,526
down €21,526 (-59.8%), from €36,023 to €14,497
- Tax, wage and social debts +€8,176
up €8,176 (+1420.4%), from €576 to €8,752
of which Taxes: +€5,528
- Debts after one year -€7,956
down €7,956 (-74.9%), from €10,627 to €2,671
- Accrued charges and deferred income +€6,295
new in 2025: €6,295
- Gross operating margin +€102,089
up €102,089 (+563.7%), from €18,110 to €120,200
- Staff costs +€44,937
new in 2025: €44,937
- Other operating charges +€5,012
up €5,012 (+57.3%), from €8,742 to €13,754
- Taxes +€4,533
up €4,533 (+3490.7%), from €130 to €4,663
- Depreciation -€4,125
down €4,125 (-24.0%), from €17,188 to €13,063
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.
Cash bridge derived
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 | €52,864 | €80,014 | +€27,150 | +51.4% |
| Fixed assets | 21/28 | €20,289 | €33,226 | +€12,937 | +63.8% |
| Tangible fixed assets | 22/27 | €20,289 | €33,226 | +€12,937 | +63.8% |
| Plant, machinery and equipment | 23 | €1,215 | €269 | -€945 | -77.8% |
| Furniture and vehicles | 24 | €17,990 | €32,882 | +€14,892 | +82.8% |
| Other tangible fixed assets | 26 | €1,084 | €75 | -€1,009 | -93.1% |
| Current assets | 29/58 | €32,575 | €46,788 | +€14,213 | +43.6% |
| Amounts receivable within one year | 40/41 | €22,820 | €29,553 | +€6,733 | +29.5% |
| Trade receivables | 40 | €10,786 | €24,030 | +€13,243 | +122.8% |
| Other amounts receivable | 41 | €12,034 | €5,524 | -€6,510 | -54.1% |
| Cash at bank and in hand | 54/58 | €5,626 | €11,787 | +€6,161 | +109.5% |
| Deferred charges and accrued income | 490/1 | €4,130 | €5,449 | +€1,319 | +31.9% |
| Total equity and liabilities | 10/49 | €52,864 | €80,014 | +€27,150 | +51.4% |
| Equity | 10/15 | -€3,434 | €39,844 | +€43,278 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,721 | €21,244 | +€2,523 | +13.5% |
| Distributable reserves | 133 | €18,721 | €21,244 | +€2,523 | +13.5% |
| Profit (loss) carried forward | 14 | -€40,754 | - | +€40,754 | |
| Amounts payable | 17/49 | €56,298 | €40,170 | -€16,127 | -28.6% |
| Amounts payable after more than one year | 17 | €10,627 | €2,671 | -€7,956 | -74.9% |
| Financial debts | 170/4 | €10,627 | €2,671 | -€7,956 | -74.9% |
| Amounts payable within one year | 42/48 | €45,671 | €31,205 | -€14,466 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €9,072 | €7,956 | -€1,116 | -12.3% |
| Trade debts | 44 | €36,023 | €14,497 | -€21,526 | -59.8% |
| Suppliers | 440/4 | €36,023 | €14,497 | -€21,526 | -59.8% |
| Taxes, remuneration and social security | 45 | €576 | €8,752 | +€8,176 | +1420.4% |
| Taxes | 450/3 | - | €5,528 | +€5,528 | |
| Remuneration and social security | 454/9 | €576 | €3,224 | +€2,648 | +460.0% |
| Accrued charges and deferred income | 492/3 | - | €6,295 | +€6,295 | |
| Non-recurring operating income | 76A | - | €13,250 | +€13,250 | |
| Remuneration, social security and pensions | 62 | - | €44,937 | +€44,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,188 | €13,063 | -€4,125 | -24.0% |
| Other operating charges | 640/8 | €8,742 | €13,754 | +€5,012 | +57.3% |
| Gross operating margin | 9900 | €18,110 | €120,200 | +€102,089 | +563.7% |
| Operating profit (loss) | 9901 | -€7,819 | €48,446 | +€56,265 | |
| Financial income | 75/76B | €5 | €56 | +€51 | +997.9% |
| Recurring financial income | 75 | €5 | €56 | +€51 | +997.9% |
| Financial charges | 65/66B | €920 | €562 | -€358 | -38.9% |
| Recurring financial charges | 65 | €920 | €562 | -€358 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,734 | €47,940 | +€56,674 | |
| Income taxes | 67/77 | €130 | €4,663 | +€4,533 | +3490.7% |
| Profit (loss) for the period | 9904 | -€8,864 | €43,278 | +€52,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,864 | €43,278 | +€52,141 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.