LTD 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.
LTD TRANSPORT
Largest movements
- Current investments -€1.3m
down €1.3m (-90.5%), from €1.5m to €141,247
- Tangible fixed assets +€972,571
up €972,571 (+49.9%), from €2.0m to €2.9m
of which Leasing and similar rights: +€1.5m
- Receivables within one year +€182,035
up €182,035 (+11.0%), from €1.7m to €1.8m
of which Trade receivables: +€330,090
- Other debts -€654,443
down €654,443 (-84.2%), from €777,546 to €123,103
- Reserves +€499,730
up €499,730 (+15.8%), from €3.2m to €3.7m
of which Distributable reserves: +€499,730
- Trade debts -€255,894
down €255,894 (-28.9%), from €886,767 to €630,873
- Debts after one year +€100,000
up €100,000 (+15.4%), from €650,000 to €750,000
- Gross operating margin +€330,436
up €330,436 (+23.1%), from €1.4m to €1.8m
- Depreciation +€262,907
up €262,907 (+51.0%), from €515,278 to €778,185
- Financial income -€138,242
down €138,242 (-92.4%), from €149,554 to €11,312
- Other operating charges +€94,877
up €94,877 (+870%), from €10,910 to €105,787
- Staff costs -€88,529
down €88,529 (-45.0%), from €196,557 to €108,028
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 | €5,752,561 | €5,520,707 | -€231,854 | -4.0% |
| Fixed assets | 21/28 | €1,959,406 | €2,931,977 | +€972,571 | +49.6% |
| Tangible fixed assets | 22/27 | €1,950,451 | €2,923,022 | +€972,571 | +49.9% |
| Land and buildings | 22 | €599,122 | €523,026 | -€76,096 | -12.7% |
| Plant, machinery and equipment | 23 | €21,058 | €12,540 | -€8,518 | -40.5% |
| Furniture and vehicles | 24 | €1,323,845 | €930,937 | -€392,908 | -29.7% |
| Leasing and similar rights | 25 | €6,426 | €1,456,519 | +€1.5m | +22,566% |
| Financial fixed assets | 28 | €8,955 | €8,955 | = | 0.0% |
| Current assets | 29/58 | €3,793,155 | €2,588,730 | -€1.2m | -31.8% |
| Amounts receivable within one year | 40/41 | €1,657,992 | €1,840,027 | +€182,035 | +11.0% |
| Trade receivables | 40 | €1,472,062 | €1,802,152 | +€330,090 | +22.4% |
| Other amounts receivable | 41 | €185,930 | €37,875 | -€148,055 | -79.6% |
| Current investments | 50/53 | €1,481,072 | €141,247 | -€1.3m | -90.5% |
| Cash at bank and in hand | 54/58 | €623,526 | €577,318 | -€46,208 | -7.4% |
| Deferred charges and accrued income | 490/1 | €30,565 | €30,138 | -€427 | -1.4% |
| Total equity and liabilities | 10/49 | €5,752,561 | €5,520,707 | -€231,854 | -4.0% |
| Equity | 10/15 | €3,187,771 | €3,687,501 | +€499,730 | +15.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €3,167,222 | €3,666,952 | +€499,730 | +15.8% |
| Tax-exempt reserves | 132 | €1,116,344 | €1,116,344 | = | 0.0% |
| Distributable reserves | 133 | €2,050,878 | €2,550,608 | +€499,730 | +24.4% |
| Profit (loss) carried forward | 14 | €98 | €98 | = | 0.0% |
| Provisions and deferred taxes | 16 | €200,000 | €200,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €200,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,364,790 | €1,633,206 | -€731,584 | -30.9% |
| Amounts payable after more than one year | 17 | €650,000 | €750,000 | +€100,000 | +15.4% |
| Other amounts payable | 178/9 | €650,000 | €750,000 | +€100,000 | +15.4% |
| Amounts payable within one year | 42/48 | €1,684,537 | €845,328 | -€839,209 | -49.8% |
| Current portion of amounts payable after more than one year | 42 | - | €50,445 | +€50,445 | |
| Trade debts | 44 | €886,767 | €630,873 | -€255,894 | -28.9% |
| Suppliers | 440/4 | €886,767 | €630,873 | -€255,894 | -28.9% |
| Taxes, remuneration and social security | 45 | €20,224 | €40,907 | +€20,683 | +102% |
| Taxes | 450/3 | €3,000 | €32,141 | +€29,141 | +971% |
| Remuneration and social security | 454/9 | €17,224 | €8,766 | -€8,458 | -49.1% |
| Other amounts payable | 47/48 | €777,546 | €123,103 | -€654,443 | -84.2% |
| Accrued charges and deferred income | 492/3 | €30,253 | €37,878 | +€7,625 | +25.2% |
| Non-recurring operating income | 76A | €231,100 | €15,000 | -€216,100 | -93.5% |
| Remuneration, social security and pensions | 62 | €196,557 | €108,028 | -€88,529 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515,278 | €778,185 | +€262,907 | +51.0% |
| Other operating charges | 640/8 | €10,910 | €105,787 | +€94,877 | +870% |
| Gross operating margin | 9900 | €1,429,390 | €1,759,826 | +€330,436 | +23.1% |
| Operating profit (loss) | 9901 | €706,645 | €767,826 | +€61,181 | +8.7% |
| Financial income | 75/76B | €149,554 | €11,312 | -€138,242 | -92.4% |
| Recurring financial income | 75 | €149,554 | €11,312 | -€138,242 | -92.4% |
| Financial charges | 65/66B | €29,506 | €40,893 | +€11,387 | +38.6% |
| Recurring financial charges | 65 | €29,506 | €40,893 | +€11,387 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €826,693 | €738,245 | -€88,448 | -10.7% |
| Income taxes | 67/77 | €189,560 | €238,516 | +€48,956 | +25.8% |
| Profit (loss) for the period | 9904 | €637,133 | €499,729 | -€137,404 | -21.6% |
| Transfer to tax-exempt reserves | 689 | €203,500 | - | -€203,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €433,633 | €499,729 | +€66,096 | +15.2% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.