LN 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.
LN Trans
Largest movements
- Tangible fixed assets +€62,152
up €62,152 (+70.3%), from €88,401 to €150,553
of which Furniture and vehicles: +€59,366
- Receivables within one year +€48,663
up €48,663 (+79.1%), from €61,510 to €110,173
of which Other amounts receivable: +€24,775
- Deferred charges and accrued income -€19,997
down €19,997 (-60.2%), from €33,194 to €13,197
- Debts after one year +€46,255
up €46,255 (+83.5%), from €55,382 to €101,637
- Trade debts +€44,545
up €44,545 (+141%), from €31,607 to €76,152
- Reserves -€30,999
down €30,999 (-59.8%), from €51,860 to €20,861
of which Distributable reserves: -€29,139
- Current portion of long-term debt +€16,230
up €16,230 (+104%), from €15,545 to €31,775
- Profit (loss) carried forward +€7,608
no longer reported in 2025 (was -€7,608)
- Gross operating margin +€59,329
up €59,329 (+151%), from €39,283 to €98,612
- Staff costs +€37,879
up €37,879 (+180%), from €21,090 to €58,969
- Depreciation +€15,388
up €15,388 (+38.3%), from €40,176 to €55,564
- Financial charges +€3,395
up €3,395 (+95.8%), from €3,544 to €6,939
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 | €187,010 | €276,801 | +€89,791 | +48.0% |
| Fixed assets | 21/28 | €88,401 | €150,553 | +€62,152 | +70.3% |
| Tangible fixed assets | 22/27 | €88,401 | €150,553 | +€62,152 | +70.3% |
| Plant, machinery and equipment | 23 | - | €2,786 | +€2,786 | |
| Furniture and vehicles | 24 | €88,401 | €147,767 | +€59,366 | +67.2% |
| Current assets | 29/58 | €98,609 | €126,248 | +€27,639 | +28.0% |
| Amounts receivable within one year | 40/41 | €61,510 | €110,173 | +€48,663 | +79.1% |
| Trade receivables | 40 | €47,707 | €71,595 | +€23,888 | +50.1% |
| Other amounts receivable | 41 | €13,803 | €38,578 | +€24,775 | +179% |
| Cash at bank and in hand | 54/58 | €3,905 | €2,878 | -€1,027 | -26.3% |
| Deferred charges and accrued income | 490/1 | €33,194 | €13,197 | -€19,997 | -60.2% |
| Total equity and liabilities | 10/49 | €187,010 | €276,801 | +€89,791 | +48.0% |
| Equity | 10/15 | €56,652 | €33,261 | -€23,391 | -41.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €20,861 | -€30,999 | -59.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €50,000 | €20,861 | -€29,139 | -58.3% |
| Profit (loss) carried forward | 14 | -€7,608 | - | +€7,608 | |
| Amounts payable | 17/49 | €130,358 | €243,540 | +€113,182 | +86.8% |
| Amounts payable after more than one year | 17 | €55,382 | €101,637 | +€46,255 | +83.5% |
| Financial debts | 170/4 | €55,382 | €101,637 | +€46,255 | +83.5% |
| Amounts payable within one year | 42/48 | €74,976 | €141,903 | +€66,927 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €15,545 | €31,775 | +€16,230 | +104% |
| Financial debts | 43 | €21,767 | €22,342 | +€575 | +2.6% |
| Credit institutions | 430/8 | €21,767 | €22,342 | +€575 | +2.6% |
| Trade debts | 44 | €31,607 | €76,152 | +€44,545 | +141% |
| Suppliers | 440/4 | €31,607 | €76,152 | +€44,545 | +141% |
| Taxes, remuneration and social security | 45 | €6,057 | €11,634 | +€5,577 | +92.1% |
| Taxes | 450/3 | €289 | €1,634 | +€1,345 | +465% |
| Remuneration and social security | 454/9 | €5,768 | €10,000 | +€4,232 | +73.4% |
| Non-recurring operating income | 76A | €787 | €671 | -€116 | -14.7% |
| Remuneration, social security and pensions | 62 | €21,090 | €58,969 | +€37,879 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,176 | €55,564 | +€15,388 | +38.3% |
| Other operating charges | 640/8 | €291 | €531 | +€240 | +82.5% |
| Gross operating margin | 9900 | €39,283 | €98,612 | +€59,329 | +151% |
| Operating profit (loss) | 9901 | -€22,274 | -€16,452 | +€5,822 | +26.1% |
| Financial charges | 65/66B | €3,544 | €6,939 | +€3,395 | +95.8% |
| Recurring financial charges | 65 | €3,544 | €6,939 | +€3,395 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,818 | -€23,391 | +€2,427 | +9.4% |
| Profit (loss) for the period | 9904 | -€25,818 | -€23,391 | +€2,427 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,818 | -€23,391 | +€2,427 | +9.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.