N-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.
N-TRANS
Largest movements
- Receivables within one year +€35,951
up €35,951 (+196%), from €18,376 to €54,328
of which Trade receivables: +€31,405
- Cash +€9,484
up €9,484 (+127%), from €7,468 to €16,951
mainly Short-term financial debts (+€39,230) and Other debts (+€16,930)
- Financial fixed assets +€4,000
new in 2025: €4,000
- Deferred charges and accrued income +€2,276
up €2,276 (+314%), from €724 to €3,000
- Tangible fixed assets -€1,595
down €1,595 (-20.1%), from €7,952 to €6,357
- Short-term financial debts +€39,230
new in 2025: €39,230
of which Other loans: +€36,730
- Other debts +€16,930
up €16,930, from €0 to €16,930
- Trade debts -€9,880
down €9,880 (-54.8%), from €18,013 to €8,133
- Reserves +€8,000
new in 2025: €8,000
- Current portion of long-term debt -€5,207
down €5,207 (-100%), from €5,207 to €0
- Gross operating margin +€12,823
up €12,823 (+337%), from €3,805 to €16,628
- Financial charges +€5,549
up €5,549 (+1,071%), from €518 to €6,068
- Taxes +€1,701
up €1,701 (+222%), from €765 to €2,466
- Depreciation +€1,573
up €1,573 (+7,199%), from €22 to €1,595
- Other operating charges +€429
up €429 (+74.4%), from €576 to €1,005
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 | €34,520 | €84,636 | +€50,116 | +145% |
| Fixed assets | 21/28 | €7,952 | €10,357 | +€2,405 | +30.2% |
| Tangible fixed assets | 22/27 | €7,952 | €6,357 | -€1,595 | -20.1% |
| Furniture and vehicles | 24 | €7,952 | €6,357 | -€1,595 | -20.1% |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €26,568 | €74,279 | +€47,711 | +180% |
| Amounts receivable within one year | 40/41 | €18,376 | €54,328 | +€35,951 | +196% |
| Trade receivables | 40 | €9,679 | €41,084 | +€31,405 | +324% |
| Other amounts receivable | 41 | €8,697 | €13,244 | +€4,546 | +52.3% |
| Cash at bank and in hand | 54/58 | €7,468 | €16,951 | +€9,484 | +127% |
| Deferred charges and accrued income | 490/1 | €724 | €3,000 | +€2,276 | +314% |
| Total equity and liabilities | 10/49 | €34,520 | €84,636 | +€50,116 | +145% |
| Equity | 10/15 | €7,187 | €13,237 | +€6,050 | +84.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €8,000 | +€8,000 | |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €2,187 | €237 | -€1,950 | -89.1% |
| Amounts payable | 17/49 | €27,333 | €71,399 | +€44,066 | +161% |
| Amounts payable within one year | 42/48 | €27,333 | €71,399 | +€44,066 | +161% |
| Current portion of amounts payable after more than one year | 42 | €5,207 | €0 | -€5,207 | -100% |
| Financial debts | 43 | - | €39,230 | +€39,230 | |
| Credit institutions | 430/8 | - | €2,500 | +€2,500 | |
| Other loans | 439 | - | €36,730 | +€36,730 | |
| Trade debts | 44 | €18,013 | €8,133 | -€9,880 | -54.8% |
| Suppliers | 440/4 | €18,013 | €8,133 | -€9,880 | -54.8% |
| Taxes, remuneration and social security | 45 | €4,113 | €7,106 | +€2,993 | +72.8% |
| Taxes | 450/3 | €4,113 | €7,106 | +€2,993 | +72.8% |
| Other amounts payable | 47/48 | €0 | €16,930 | +€16,930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22 | €1,595 | +€1,573 | +7,199% |
| Other operating charges | 640/8 | €576 | €1,005 | +€429 | +74.4% |
| Gross operating margin | 9900 | €3,805 | €16,628 | +€12,823 | +337% |
| Operating profit (loss) | 9901 | €3,207 | €14,028 | +€10,822 | +337% |
| Financial income | 75/76B | €264 | €555 | +€291 | +110% |
| Recurring financial income | 75 | €264 | €555 | +€291 | +110% |
| Financial charges | 65/66B | €518 | €6,068 | +€5,549 | +1,071% |
| Recurring financial charges | 65 | €518 | €6,068 | +€5,549 | +1,071% |
| Profit (loss) for the period before taxes | 9903 | €2,952 | €8,516 | +€5,564 | +188% |
| Income taxes | 67/77 | €765 | €2,466 | +€1,701 | +222% |
| Profit (loss) for the period | 9904 | €2,187 | €6,050 | +€3,863 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €2,187 | €6,050 | +€3,863 | +177% |
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 13 October 2026 via checked.be.