NR TRANSPORTS: 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.
NR TRANSPORTS
Largest movements
- Tangible fixed assets +€317,465
up €317,465 (+38.4%), from €827,202 to €1.1m
of which Leasing and similar rights: +€221,422
- Receivables within one year +€60,213
up €60,213 (+13.8%), from €436,693 to €496,906
of which Trade receivables: +€54,713
- Cash +€43,801
up €43,801 (+51.1%), from €85,717 to €129,518
mainly Debts after one year (+€240,231) and Depreciation (+€194,361)
- Debts after one year +€240,231
up €240,231 (+33.8%), from €711,333 to €951,564
- Reserves +€90,000
up €90,000 (+47.4%), from €190,000 to €280,000
- Current portion of long-term debt +€63,180
up €63,180 (+51.1%), from €123,662 to €186,841
- Trade debts +€55,944
up €55,944 (+27.3%), from €205,271 to €261,214
- Short-term financial debts -€29,501
down €29,501 (-100%), from €29,501 to €0
- Gross operating margin +€131,319
up €131,319 (+22.6%), from €580,813 to €712,132
- Depreciation -€23,083
down €23,083 (-10.6%), from €217,444 to €194,361
- Taxes +€18,680
up €18,680 (+230%), from €8,129 to €26,809
- Staff costs +€14,842
up €14,842 (+5.1%), from €289,410 to €304,252
- Other operating charges +€14,129
up €14,129 (+139%), from €10,187 to €24,316
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 | €1,365,813 | €1,799,329 | +€433,516 | +31.7% |
| Fixed assets | 21/28 | €831,752 | €1,150,621 | +€318,870 | +38.3% |
| Tangible fixed assets | 22/27 | €827,202 | €1,144,666 | +€317,465 | +38.4% |
| Land and buildings | 22 | €471,360 | €604,137 | +€132,777 | +28.2% |
| Plant, machinery and equipment | 23 | €12,291 | €8,938 | -€3,353 | -27.3% |
| Furniture and vehicles | 24 | €113,651 | €80,270 | -€33,381 | -29.4% |
| Leasing and similar rights | 25 | €229,900 | €451,321 | +€221,422 | +96.3% |
| Financial fixed assets | 28 | €4,550 | €5,955 | +€1,405 | +30.9% |
| Current assets | 29/58 | €534,061 | €648,708 | +€114,647 | +21.5% |
| Amounts receivable within one year | 40/41 | €436,693 | €496,906 | +€60,213 | +13.8% |
| Trade receivables | 40 | €436,693 | €491,406 | +€54,713 | +12.5% |
| Other amounts receivable | 41 | - | €5,500 | +€5,500 | |
| Cash at bank and in hand | 54/58 | €85,717 | €129,518 | +€43,801 | +51.1% |
| Deferred charges and accrued income | 490/1 | €11,651 | €22,284 | +€10,633 | +91.3% |
| Total equity and liabilities | 10/49 | €1,365,813 | €1,799,329 | +€433,516 | +31.7% |
| Equity | 10/15 | €216,204 | €309,200 | +€92,995 | +43.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €190,000 | €280,000 | +€90,000 | +47.4% |
| Distributable reserves | 133 | €190,000 | €280,000 | +€90,000 | +47.4% |
| Profit (loss) carried forward | 14 | €1,204 | €4,200 | +€2,995 | +249% |
| Amounts payable | 17/49 | €1,149,609 | €1,490,129 | +€340,521 | +29.6% |
| Amounts payable after more than one year | 17 | €711,333 | €951,564 | +€240,231 | +33.8% |
| Financial debts | 170/4 | €711,333 | €951,564 | +€240,231 | +33.8% |
| Amounts payable within one year | 42/48 | €438,276 | €538,566 | +€100,290 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €123,662 | €186,841 | +€63,180 | +51.1% |
| Financial debts | 43 | €29,501 | €0 | -€29,501 | -100% |
| Credit institutions | 430/8 | €29,501 | €0 | -€29,501 | -100% |
| Trade debts | 44 | €205,271 | €261,214 | +€55,944 | +27.3% |
| Suppliers | 440/4 | €205,271 | €261,214 | +€55,944 | +27.3% |
| Taxes, remuneration and social security | 45 | €75,097 | €72,436 | -€2,661 | -3.5% |
| Taxes | 450/3 | €44,486 | €41,592 | -€2,893 | -6.5% |
| Remuneration and social security | 454/9 | €30,611 | €30,843 | +€233 | +0.8% |
| Other amounts payable | 47/48 | €4,746 | €18,074 | +€13,328 | +281% |
| Remuneration, social security and pensions | 62 | €289,410 | €304,252 | +€14,842 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,444 | €194,361 | -€23,083 | -10.6% |
| Other operating charges | 640/8 | €10,187 | €24,316 | +€14,129 | +139% |
| Gross operating margin | 9900 | €580,813 | €712,132 | +€131,319 | +22.6% |
| Operating profit (loss) | 9901 | €63,771 | €189,202 | +€125,431 | +197% |
| Financial income | 75/76B | €0 | €120 | +€120 | +49,800% |
| Recurring financial income | 75 | €0 | €120 | +€120 | +49,800% |
| Financial charges | 65/66B | €39,077 | €49,517 | +€10,440 | +26.7% |
| Recurring financial charges | 65 | €39,077 | €49,517 | +€10,440 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €24,694 | €139,804 | +€115,110 | +466% |
| Income taxes | 67/77 | €8,129 | €26,809 | +€18,680 | +230% |
| Profit (loss) for the period | 9904 | €16,565 | €112,995 | +€96,431 | +582% |
| Profit (loss) for the period to be appropriated | 9905 | €16,565 | €112,995 | +€96,431 | +582% |
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 30 October 2026 via checked.be.