NORD TRANS: what changed
Two fiscal 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.
NORD TRANS
Largest movements
- Tangible fixed assets -€31,226
down €31,226 (-97.0%), from €32,204 to €978
of which Furniture and vehicles: -€32,204
- Receivables within one year -€27,650
down €27,650 (-99.1%), from €27,911 to €261
- Cash +€16,596
up €16,596 (+167.2%), from €9,928 to €26,524
mainly Net result for the year (+€34,868) and Investment in fixed assets (net) (+€30,982)
- Accrued charges and deferred income -€12,721
down €12,721 (-68.4%), from €18,608 to €5,887
- Current portion of long-term debt -€12,330
no longer reported in 2025 (was €12,330)
- Trade debts -€9,387
down €9,387 (-87.7%), from €10,700 to €1,312
- Tax, wage and social debts +€7,845
up €7,845 (+465.0%), from €1,687 to €9,531
of which Taxes: +€9,300
- Profit (loss) carried forward -€7,132
down €7,132 (-46.6%), from €15,317 to €8,186
- Depreciation -€25,056
down €25,056 (-99.0%), from €25,300 to €244
- Gross operating margin +€21,330
up €21,330 (+78.3%), from €27,243 to €48,572
- Taxes +€8,900
new in 2025: €8,900
- Staff costs -€3,082
down €3,082 (-50.9%), from €6,058 to €2,977
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.
Cash bridge derived
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 | €70,044 | €27,763 | -€42,280 | -60.4% |
| Fixed assets | 21/28 | €32,204 | €978 | -€31,226 | -97.0% |
| Tangible fixed assets | 22/27 | €32,204 | €978 | -€31,226 | -97.0% |
| Plant, machinery and equipment | 23 | - | €978 | +€978 | |
| Furniture and vehicles | 24 | €32,204 | - | -€32,204 | |
| Current assets | 29/58 | €37,840 | €26,785 | -€11,054 | -29.2% |
| Amounts receivable within one year | 40/41 | €27,911 | €261 | -€27,650 | -99.1% |
| Trade receivables | 40 | €27,911 | €261 | -€27,650 | -99.1% |
| Cash at bank and in hand | 54/58 | €9,928 | €26,524 | +€16,596 | +167.2% |
| Total equity and liabilities | 10/49 | €70,044 | €27,763 | -€42,280 | -60.4% |
| Equity | 10/15 | €17,317 | €10,186 | -€7,132 | -41.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,317 | €8,186 | -€7,132 | -46.6% |
| Amounts payable | 17/49 | €52,726 | €17,577 | -€35,149 | -66.7% |
| Amounts payable after more than one year | 17 | €2,610 | - | -€2,610 | |
| Financial debts | 170/4 | €2,610 | - | -€2,610 | |
| Amounts payable within one year | 42/48 | €31,508 | €11,690 | -€19,818 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €12,330 | - | -€12,330 | |
| Trade debts | 44 | €10,700 | €1,312 | -€9,387 | -87.7% |
| Suppliers | 440/4 | €10,700 | €1,312 | -€9,387 | -87.7% |
| Taxes, remuneration and social security | 45 | €1,687 | €9,531 | +€7,845 | +465.0% |
| Taxes | 450/3 | €232 | €9,531 | +€9,300 | +4009.8% |
| Remuneration and social security | 454/9 | €1,455 | - | -€1,455 | |
| Other amounts payable | 47/48 | €6,792 | €847 | -€5,945 | -87.5% |
| Accrued charges and deferred income | 492/3 | €18,608 | €5,887 | -€12,721 | -68.4% |
| Non-recurring operating income | 76A | - | €25,796 | +€25,796 | |
| Remuneration, social security and pensions | 62 | €6,058 | €2,977 | -€3,082 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,300 | €244 | -€25,056 | -99.0% |
| Other operating charges | 640/8 | €935 | €1,184 | +€249 | +26.6% |
| Gross operating margin | 9900 | €27,243 | €48,572 | +€21,330 | +78.3% |
| Operating profit (loss) | 9901 | -€5,051 | €44,167 | +€49,218 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €394 | €399 | +€5 | +1.3% |
| Recurring financial charges | 65 | €394 | €399 | +€5 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,445 | €43,768 | +€49,213 | |
| Income taxes | 67/77 | - | €8,900 | +€8,900 | |
| Profit (loss) for the period | 9904 | -€5,445 | €34,868 | +€40,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,445 | €34,868 | +€40,313 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.