NS 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.
NS Trans
Largest movements
- Receivables after one year -€43,077
down €43,077 (-44.5%), from €96,838 to €53,761
- Deferred charges and accrued income -€15,367
down €15,367 (-93.3%), from €16,462 to €1,095
- Cash -€11,986
down €11,986 (-16.7%), from €71,699 to €59,713
mainly Contributions, distributions and other (-€50,000) and Trade debts (-€28,443)
- Tangible fixed assets -€11,592
down €11,592 (-23.0%), from €50,298 to €38,707
of which Furniture and vehicles: -€16,362
- Receivables within one year -€7,147
down €7,147 (-15.4%), from €46,348 to €39,201
of which Trade receivables: -€16,487
- Reserves -€56,363
down €56,363 (-29.4%), from €191,486 to €135,124
- Trade debts -€28,443
down €28,443 (-74.6%), from €38,131 to €9,688
- Tax, wage and social debts -€3,996
down €3,996 (-8.7%), from €46,124 to €42,129
of which Taxes: -€11,972
- Gross operating margin -€103,897
down €103,897 (-61.7%), from €168,339 to €64,442
- Taxes -€30,313
down €30,313 (-92.1%), from €32,908 to €2,595
- Staff costs +€5,900
up €5,900 (+15.9%), from €37,093 to €42,993
- Depreciation +€4,521
up €4,521 (+37.9%), from €11,923 to €16,444
- Financial charges +€1,840
up €1,840 (+190.8%), from €965 to €2,805
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 | €281,660 | €192,491 | -€89,169 | -31.7% |
| Fixed assets | 21/28 | €50,313 | €38,722 | -€11,592 | -23.0% |
| Tangible fixed assets | 22/27 | €50,298 | €38,707 | -€11,592 | -23.0% |
| Plant, machinery and equipment | 23 | €14,331 | €11,054 | -€3,277 | -22.9% |
| Furniture and vehicles | 24 | €35,967 | €19,605 | -€16,362 | -45.5% |
| Other tangible fixed assets | 26 | - | €8,048 | +€8,048 | |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €231,347 | €153,769 | -€77,578 | -33.5% |
| Amounts receivable after more than one year | 29 | €96,838 | €53,761 | -€43,077 | -44.5% |
| Other amounts receivable | 291 | €96,838 | €53,761 | -€43,077 | -44.5% |
| Amounts receivable within one year | 40/41 | €46,348 | €39,201 | -€7,147 | -15.4% |
| Trade receivables | 40 | €39,897 | €23,410 | -€16,487 | -41.3% |
| Other amounts receivable | 41 | €6,450 | €15,790 | +€9,340 | +144.8% |
| Cash at bank and in hand | 54/58 | €71,699 | €59,713 | -€11,986 | -16.7% |
| Deferred charges and accrued income | 490/1 | €16,462 | €1,095 | -€15,367 | -93.3% |
| Total equity and liabilities | 10/49 | €281,660 | €192,491 | -€89,169 | -31.7% |
| Equity | 10/15 | €196,486 | €140,124 | -€56,363 | -28.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €191,486 | €135,124 | -€56,363 | -29.4% |
| Distributable reserves | 133 | €191,486 | €135,124 | -€56,363 | -29.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €85,174 | €52,367 | -€32,807 | -38.5% |
| Amounts payable within one year | 42/48 | €85,174 | €51,817 | -€33,357 | -39.2% |
| Financial debts | 43 | €49 | €0 | -€49 | -100.0% |
| Credit institutions | 430/8 | €49 | €0 | -€49 | -100.0% |
| Trade debts | 44 | €38,131 | €9,688 | -€28,443 | -74.6% |
| Suppliers | 440/4 | €38,131 | €9,688 | -€28,443 | -74.6% |
| Taxes, remuneration and social security | 45 | €46,124 | €42,129 | -€3,996 | -8.7% |
| Taxes | 450/3 | €44,798 | €32,826 | -€11,972 | -26.7% |
| Remuneration and social security | 454/9 | €1,326 | €9,303 | +€7,977 | +601.4% |
| Other amounts payable | 47/48 | €869 | €0 | -€869 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €550 | +€550 | |
| Non-recurring operating income | 76A | - | €1,638 | +€1,638 | |
| Remuneration, social security and pensions | 62 | €37,093 | €42,993 | +€5,900 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,923 | €16,444 | +€4,521 | +37.9% |
| Other operating charges | 640/8 | €2,378 | €3,455 | +€1,077 | +45.3% |
| Non-recurring operating charges | 66A | - | €2,986 | +€2,986 | |
| Gross operating margin | 9900 | €168,339 | €64,442 | -€103,897 | -61.7% |
| Operating profit (loss) | 9901 | €116,945 | -€1,436 | -€118,380 | |
| Financial income | 75/76B | €697 | €474 | -€224 | -32.1% |
| Recurring financial income | 75 | €697 | €474 | -€224 | -32.1% |
| Financial charges | 65/66B | €965 | €2,805 | +€1,840 | +190.8% |
| Recurring financial charges | 65 | €965 | €2,805 | +€1,840 | +190.8% |
| Profit (loss) for the period before taxes | 9903 | €116,677 | -€3,767 | -€120,444 | |
| Income taxes | 67/77 | €32,908 | €2,595 | -€30,313 | -92.1% |
| Profit (loss) for the period | 9904 | €83,769 | -€6,363 | -€90,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,769 | -€6,363 | -€90,132 |
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 10 October 2026 via checked.be.