NORTRAFFIC: what changed
What changed
NORTRAFFIC
NACE 49.200, Land transport and transport via pipelines
filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · €28,640-€1.6m
Equity
€289,515
2024 · €1.8m-€1.5m
Cash
€443,771
2024 · €829,879-€386,108
Balance sheet total
€10.4m
2024 · €11.7m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€734,592
down €734,592 (-11.9%), from €6.2m to €5.4m
of which Leasing and similar rights: -€558,422
- Cash -€386,108
down €386,108 (-46.5%), from €829,879 to €443,771
mainly Debts after one year (-€2.7m) and Net result for the year (-€1.6m)
- Receivables within one year -€190,033
down €190,033 (-4.4%), from €4.3m to €4.1m
of which Other amounts receivable: -€376,347
Equity and liabilities
- Debts after one year -€2.7m
down €2.7m (-59.2%), from €4.6m to €1.9m
- Current portion of long-term debt +€1.7m
up €1.7m (+98.2%), from €1.8m to €3.5m
- Profit (loss) carried forward -€1.6m
down €1.6m (-471%), from -€329,290 to -€1.9m
- Trade debts +€1.3m
up €1.3m (+132%), from €997,976 to €2.3m
- Other debts -€230,498
down €230,498 (-16.6%), from €1.4m to €1.2m
Income statement
- Goods and materials +€1.2m
up €1.2m (+45.2%), from €2.7m to €3.9m
- Turnover +€332,611
up €332,611 (+2.7%), from €12.5m to €12.8m
- Staff costs +€230,011
up €230,011 (+4.5%), from €5.1m to €5.3m
- Other operating income -€210,238
down €210,238 (-40.4%), from €520,744 to €310,507
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€28,640
Turnover
+€332,611
Other operating income
-€210,238
Goods and materials
-€1.2m
Services and other goods
-€57,753
Staff costs
-€230,011
Depreciation
-€108,457
Write-downs
-€8,661
Other operating charges
-€28,019
Other operating items
-€62,348
Financial income
-€29,583
Financial charges
+€45,024
Result 2025
-€1.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.6m
Investment
-€1.2m
Financing
-€825,898
Cash 2024
€829,879
From operations (derived)
+€1.6m
Net result for the year
-€1.6m
Depreciation
+€1.9m
Receivables within one year
+€190,033
Deferred charges and accrued income
+€8,513
Trade debts
+€1.3m
Tax, wage and social debts
+€13,031
Other debts
-€230,498
Accrued charges and deferred income
-€16,234
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€825,898
Debts after one year
-€2.7m
Current portion of long-term debt
+€1.7m
Short-term financial debts
+€161,007
Contributions, distributions and other
+€16,570
Cash 2025
€443,771
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,686,065 | €10,391,879 | -€1.3m | -11.1% |
| Formation expenses | 20 | - | €1,040 | +€1,040 | |
| Fixed assets | 21/28 | €6,169,726 | €5,459,153 | -€710,572 | -11.5% |
| Intangible fixed assets | 21 | - | €24,020 | +€24,020 | |
| Tangible fixed assets | 22/27 | €6,154,641 | €5,420,048 | -€734,592 | -11.9% |
| Land and buildings | 22 | €1,863,471 | €1,741,014 | -€122,457 | -6.6% |
| Plant, machinery and equipment | 23 | €305,707 | €277,481 | -€28,226 | -9.2% |
| Furniture and vehicles | 24 | €416,810 | €391,323 | -€25,488 | -6.1% |
| Leasing and similar rights | 25 | €3,568,652 | €3,010,230 | -€558,422 | -15.6% |
| Financial fixed assets | 28 | €15,085 | €15,085 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,085 | €15,085 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,085 | €15,085 | = | 0.0% |
| Current assets | 29/58 | €5,516,339 | €4,931,685 | -€584,654 | -10.6% |
| Stocks and contracts in progress | 3 | €5,715 | €5,715 | = | 0.0% |
| Stocks | 30/36 | €5,715 | €5,715 | = | 0.0% |
| Raw materials and consumables | 30/31 | €5,715 | €5,715 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,330,308 | €4,140,275 | -€190,033 | -4.4% |
| Trade receivables | 40 | €2,394,551 | €2,580,866 | +€186,314 | +7.8% |
| Other amounts receivable | 41 | €1,935,757 | €1,559,410 | -€376,347 | -19.4% |
| Cash at bank and in hand | 54/58 | €829,879 | €443,771 | -€386,108 | -46.5% |
| Deferred charges and accrued income | 490/1 | €350,436 | €341,923 | -€8,513 | -2.4% |
| Total equity and liabilities | 10/49 | €11,686,065 | €10,391,879 | -€1.3m | -11.1% |
| Equity | 10/15 | €1,825,223 | €289,515 | -€1.5m | -84.1% |
| Contributions | 10/11 | €80,100 | €80,100 | = | 0.0% |
| Capital | 10 | €80,100 | €80,100 | = | 0.0% |
| Issued capital | 100 | €80,100 | €80,100 | = | 0.0% |
| Reserves | 13 | €1,955,535 | €1,955,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,010 | €8,010 | = | 0.0% |
| Legal reserve | 130 | €8,010 | €8,010 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,475 | €95,475 | = | 0.0% |
| Distributable reserves | 133 | €1,852,050 | €1,852,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€329,290 | -€1,881,568 | -€1.6m | -471% |
| Investment grants | 15 | €118,878 | €135,447 | +€16,570 | +13.9% |
| Amounts payable | 17/49 | €9,860,842 | €10,102,364 | +€241,522 | +2.4% |
| Amounts payable after more than one year | 17 | €4,603,684 | €1,879,991 | -€2.7m | -59.2% |
| Financial debts | 170/4 | €4,603,684 | €1,879,991 | -€2.7m | -59.2% |
| Leasing and similar obligations | 172 | €2,344,295 | €1,879,991 | -€464,304 | -19.8% |
| Credit institutions | 173 | €2,259,389 | €0 | -€2.3m | -100% |
| Amounts payable within one year | 42/48 | €5,140,769 | €8,122,218 | +€3.0m | +58.0% |
| Current portion of amounts payable after more than one year | 42 | €1,752,314 | €3,472,532 | +€1.7m | +98.2% |
| Financial debts | 43 | €500,000 | €661,007 | +€161,007 | +32.2% |
| Credit institutions | 430/8 | €500,000 | €661,007 | +€161,007 | +32.2% |
| Trade debts | 44 | €997,976 | €2,315,667 | +€1.3m | +132% |
| Suppliers | 440/4 | €997,976 | €2,315,667 | +€1.3m | +132% |
| Taxes, remuneration and social security | 45 | €498,599 | €511,630 | +€13,031 | +2.6% |
| Taxes | 450/3 | €32,700 | €33,221 | +€521 | +1.6% |
| Remuneration and social security | 454/9 | €465,899 | €478,409 | +€12,510 | +2.7% |
| Other amounts payable | 47/48 | €1,391,880 | €1,161,382 | -€230,498 | -16.6% |
| Accrued charges and deferred income | 492/3 | €116,389 | €100,154 | -€16,234 | -13.9% |
| Operating income | 70/76A | €13,190,466 | €13,139,050 | -€51,416 | -0.4% |
| Turnover | 70 | €12,485,499 | €12,818,110 | +€332,611 | +2.7% |
| Other operating income | 74 | €520,744 | €310,507 | -€210,238 | -40.4% |
| Non-recurring operating income | 76A | €184,223 | €10,434 | -€173,789 | -94.3% |
| Operating charges | 60/66A | €12,967,284 | €14,512,228 | +€1.5m | +11.9% |
| Goods for resale, raw materials and consumables | 60 | €2,709,140 | €3,932,624 | +€1.2m | +45.2% |
| Purchases | 600/8 | €2,709,140 | €3,932,624 | +€1.2m | +45.2% |
| Services and other goods | 61 | €3,129,925 | €3,187,678 | +€57,753 | +1.8% |
| Remuneration, social security and pensions | 62 | €5,072,115 | €5,302,127 | +€230,011 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,772,294 | €1,880,750 | +€108,457 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,980 | €16,642 | +€8,661 | +109% |
| Other operating charges | 640/8 | €140,489 | €168,508 | +€28,019 | +19.9% |
| Non-recurring operating charges | 66A | €135,341 | €23,900 | -€111,441 | -82.3% |
| Operating profit (loss) | 9901 | €223,182 | -€1,373,178 | -€1.6m | |
| Financial income | 75/76B | €171,293 | €141,711 | -€29,583 | -17.3% |
| Recurring financial income | 75 | €171,293 | €141,711 | -€29,583 | -17.3% |
| Income from current assets | 751 | €121,076 | €94,815 | -€26,260 | -21.7% |
| Other financial income | 752/9 | €50,218 | €46,896 | -€3,322 | -6.6% |
| Financial charges | 65/66B | €365,835 | €320,811 | -€45,024 | -12.3% |
| Recurring financial charges | 65 | €365,835 | €320,811 | -€45,024 | -12.3% |
| Debt charges | 650 | €350,783 | €320,811 | -€29,972 | -8.5% |
| Other financial charges | 652/9 | €15,053 | €0 | -€15,053 | -100% |
| Profit (loss) for the period before taxes | 9903 | €28,640 | -€1,552,278 | -€1.6m | |
| Profit (loss) for the period | 9904 | €28,640 | -€1,552,278 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €28,640 | -€1,552,278 | -€1.6m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.