NANDRIN GALET: 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.
What changed
NANDRIN GALET
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€114,671
2024 · €5,573+€109,098
Equity
€1.1m
2024 · €1.0m+€114,671
Cash
€369,201
2024 · €378,776-€9,575
Balance sheet total
€11.2m
2024 · €10.0m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€921,536
up €921,536 (+15.5%), from €5.9m to €6.8m
of which Furniture and vehicles: +€1.2m
- Receivables within one year +€313,783
up €313,783 (+11.8%), from €2.7m to €3.0m
of which Trade receivables: +€329,569
Equity and liabilities
- Debts after one year +€742,373
up €742,373 (+14.4%), from €5.1m to €5.9m
- Other debts +€297,415
up €297,415 (+1,545%), from €19,246 to €316,660
- Tax, wage and social debts +€209,292
up €209,292 (+119%), from €175,684 to €384,976
of which Taxes: +€108,604
- Profit (loss) carried forward +€114,671
up €114,671 (+12.2%), from €938,075 to €1.1m
Income statement
- Gross operating margin +€1.3m
up €1.3m (+34.6%), from €3.7m to €4.9m
- Staff costs +€814,364
up €814,364 (+38.2%), from €2.1m to €2.9m
- Depreciation +€207,098
up €207,098 (+26.1%), from €793,943 to €1.0m
- Financial charges +€73,494
up €73,494 (+38.2%), from €192,634 to €266,128
- Other operating charges +€69,609
up €69,609 (+12.7%), from €546,893 to €616,503
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.
Result 2024
€5,573
Gross operating margin
+€1.3m
Staff costs
-€814,364
Depreciation
-€207,098
Write-downs
+€16,000
Other operating charges
-€69,609
Financial charges
-€73,494
Taxes
-€13,579
Result 2025
€114,671
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
-€1.9m
Financing
+€775,171
Cash 2024
€378,776
From operations (derived)
+€1.1m
Net result for the year
+€114,671
Depreciation
+€1.0m
Stocks and contracts
-€56,056
Receivables within one year
-€313,783
Deferred charges and accrued income
+€3,828
Trade debts
-€108,375
Tax, wage and social debts
+€209,292
Other debts
+€297,415
Accrued charges and deferred income
-€10,164
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
+€775,171
Debts after one year
+€742,373
Current portion of long-term debt
+€32,798
Short-term financial debts
-€0
Cash 2025
€369,201
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,959,506 | €11,237,515 | +€1.3m | +12.8% |
| Fixed assets | 21/28 | €6,635,627 | €7,557,201 | +€921,574 | +13.9% |
| Intangible fixed assets | 21 | €4,434 | €4,472 | +€38 | +0.9% |
| Tangible fixed assets | 22/27 | €5,927,866 | €6,849,402 | +€921,536 | +15.5% |
| Land and buildings | 22 | €3,486,716 | €3,406,274 | -€80,442 | -2.3% |
| Plant, machinery and equipment | 23 | €827,768 | €627,352 | -€200,417 | -24.2% |
| Furniture and vehicles | 24 | €1,613,381 | €2,815,776 | +€1.2m | +74.5% |
| Financial fixed assets | 28 | €703,327 | €703,327 | = | 0.0% |
| Current assets | 29/58 | €3,323,880 | €3,680,315 | +€356,435 | +10.7% |
| Stocks and contracts in progress | 3 | €245,540 | €301,595 | +€56,056 | +22.8% |
| Stocks | 30/36 | €245,540 | €301,595 | +€56,056 | +22.8% |
| Amounts receivable within one year | 40/41 | €2,665,428 | €2,979,211 | +€313,783 | +11.8% |
| Trade receivables | 40 | €1,995,567 | €2,325,137 | +€329,569 | +16.5% |
| Other amounts receivable | 41 | €669,861 | €654,074 | -€15,786 | -2.4% |
| Cash at bank and in hand | 54/58 | €378,776 | €369,201 | -€9,575 | -2.5% |
| Deferred charges and accrued income | 490/1 | €34,136 | €30,307 | -€3,828 | -11.2% |
| Total equity and liabilities | 10/49 | €9,959,506 | €11,237,515 | +€1.3m | +12.8% |
| Equity | 10/15 | €1,026,440 | €1,141,111 | +€114,671 | +11.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €68,365 | €68,365 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,365 | €68,365 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €66,365 | €66,365 | = | 0.0% |
| Profit (loss) carried forward | 14 | €938,075 | €1,052,746 | +€114,671 | +12.2% |
| Amounts payable | 17/49 | €8,933,066 | €10,096,404 | +€1.2m | +13.0% |
| Amounts payable after more than one year | 17 | €5,140,025 | €5,882,398 | +€742,373 | +14.4% |
| Financial debts | 170/4 | €5,140,025 | €5,882,398 | +€742,373 | +14.4% |
| Amounts payable within one year | 42/48 | €3,782,877 | €4,214,006 | +€431,129 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €1,190,147 | €1,222,945 | +€32,798 | +2.8% |
| Financial debts | 43 | €99,500 | €99,500 | -€0 | 0.0% |
| Other loans | 439 | €99,500 | €99,500 | -€0 | 0.0% |
| Trade debts | 44 | €2,298,299 | €2,189,925 | -€108,375 | -4.7% |
| Suppliers | 440/4 | €2,298,299 | €2,189,925 | -€108,375 | -4.7% |
| Taxes, remuneration and social security | 45 | €175,684 | €384,976 | +€209,292 | +119% |
| Taxes | 450/3 | €8,922 | €117,526 | +€108,604 | +1,217% |
| Remuneration and social security | 454/9 | €166,762 | €267,450 | +€100,687 | +60.4% |
| Other amounts payable | 47/48 | €19,246 | €316,660 | +€297,415 | +1,545% |
| Accrued charges and deferred income | 492/3 | €10,164 | - | -€10,164 | |
| Remuneration, social security and pensions | 62 | €2,132,578 | €2,946,942 | +€814,364 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793,943 | €1,001,041 | +€207,098 | +26.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€16,000 | -€16,000 | |
| Other operating charges | 640/8 | €546,893 | €616,503 | +€69,609 | +12.7% |
| Gross operating margin | 9900 | €3,673,226 | €4,944,468 | +€1.3m | +34.6% |
| Operating profit (loss) | 9901 | €199,812 | €395,983 | +€196,172 | +98.2% |
| Financial charges | 65/66B | €192,634 | €266,128 | +€73,494 | +38.2% |
| Recurring financial charges | 65 | €192,634 | €266,128 | +€73,494 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €7,178 | €129,855 | +€122,677 | +1,709% |
| Income taxes | 67/77 | €1,605 | €15,184 | +€13,579 | +846% |
| Profit (loss) for the period | 9904 | €5,573 | €114,671 | +€109,098 | +1,958% |
| Profit (loss) for the period to be appropriated | 9905 | €5,573 | €114,671 | +€109,098 | +1,958% |
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 19 October 2026 via checked.be.