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
- Tangible fixed assets +€241,058
up €241,058 (+186%), from €129,258 to €370,315
of which Leasing and similar rights: +€231,157
- Receivables within one year +€98,856
up €98,856 (+59.4%), from €166,416 to €265,273
- Debts after one year +€136,116
up €136,116 (+237%), from €57,456 to €193,572
- Other debts +€78,245
up €78,245 (+176%), from €44,378 to €122,623
- Current portion of long-term debt +€67,457
up €67,457 (+150%), from €44,870 to €112,327
- Profit (loss) carried forward +€45,123
up €45,123 (+145%), from €31,181 to €76,304
- Tax, wage and social debts +€40,056
up €40,056 (+106%), from €37,795 to €77,851
of which Taxes: +€20,549
- Gross operating margin +€611,219
up €611,219 (+300%), from €204,012 to €815,231
- Staff costs +€356,540
up €356,540 (+243%), from €146,941 to €503,481
- Depreciation +€109,670
up €109,670 (+884%), from €12,413 to €122,082
- Other operating charges +€90,355
up €90,355 (+696%), from €12,978 to €103,334
- Financial charges +€25,169
up €25,169 (+761%), from €3,308 to €28,476
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 | €322,122 | €658,150 | +€336,028 | +104% |
| Fixed assets | 21/28 | €147,203 | €389,235 | +€242,033 | +164% |
| Tangible fixed assets | 22/27 | €129,258 | €370,315 | +€241,058 | +186% |
| Furniture and vehicles | 24 | €59,645 | €69,546 | +€9,901 | +16.6% |
| Leasing and similar rights | 25 | €69,612 | €300,769 | +€231,157 | +332% |
| Financial fixed assets | 28 | €17,945 | €18,920 | +€975 | +5.4% |
| Current assets | 29/58 | €174,920 | €268,914 | +€93,995 | +53.7% |
| Amounts receivable within one year | 40/41 | €166,416 | €265,273 | +€98,856 | +59.4% |
| Trade receivables | 40 | €166,416 | €265,273 | +€98,856 | +59.4% |
| Cash at bank and in hand | 54/58 | €5,822 | €619 | -€5,203 | -89.4% |
| Deferred charges and accrued income | 490/1 | €2,681 | €3,022 | +€342 | +12.7% |
| Total equity and liabilities | 10/49 | €322,122 | €658,150 | +€336,028 | +104% |
| Equity | 10/15 | €36,181 | €81,304 | +€45,123 | +125% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,181 | €76,304 | +€45,123 | +145% |
| Amounts payable | 17/49 | €285,941 | €576,846 | +€290,905 | +102% |
| Amounts payable after more than one year | 17 | €57,456 | €193,572 | +€136,116 | +237% |
| Financial debts | 170/4 | €57,456 | €193,572 | +€136,116 | +237% |
| Amounts payable within one year | 42/48 | €228,485 | €383,274 | +€154,789 | +67.7% |
| Current portion of amounts payable after more than one year | 42 | €44,870 | €112,327 | +€67,457 | +150% |
| Trade debts | 44 | €101,442 | €70,473 | -€30,969 | -30.5% |
| Suppliers | 440/4 | - | €70,473 | +€70,473 | |
| Bills of exchange payable | 441 | €101,442 | - | -€101,442 | |
| Taxes, remuneration and social security | 45 | €37,795 | €77,851 | +€40,056 | +106% |
| Taxes | 450/3 | €18,840 | €39,388 | +€20,549 | +109% |
| Remuneration and social security | 454/9 | €18,955 | €38,462 | +€19,507 | +103% |
| Other amounts payable | 47/48 | €44,378 | €122,623 | +€78,245 | +176% |
| Remuneration, social security and pensions | 62 | €146,941 | €503,481 | +€356,540 | +243% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,413 | €122,082 | +€109,670 | +884% |
| Other operating charges | 640/8 | €12,978 | €103,334 | +€90,355 | +696% |
| Gross operating margin | 9900 | €204,012 | €815,231 | +€611,219 | +300% |
| Operating profit (loss) | 9901 | €31,680 | €86,334 | +€54,653 | +173% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,308 | €28,476 | +€25,169 | +761% |
| Recurring financial charges | 65 | €3,308 | €28,476 | +€25,169 | +761% |
| Profit (loss) for the period before taxes | 9903 | €28,372 | €57,857 | +€29,485 | +104% |
| Income taxes | 67/77 | €6,243 | €12,735 | +€6,492 | +104% |
| Profit (loss) for the period | 9904 | €22,130 | €45,123 | +€22,993 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €22,130 | €45,123 | +€22,993 | +104% |
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 17 October 2026 via checked.be.