O-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.
O-TRANS
Largest movements
- Receivables within one year -€36,366
down €36,366 (-46.0%), from €79,129 to €42,763
of which Other amounts receivable: -€35,666
- Receivables after one year -€25,000
down €25,000 (-14.1%), from €177,105 to €152,105
- Tangible fixed assets -€20,110
down €20,110 (-97.1%), from €20,713 to €602
- Cash -€12,055
down €12,055 (-32.1%), from €37,571 to €25,517
mainly Net result for the year (-€64,153) and Current portion of long-term debt (-€18,721)
- Reserves -€64,153
down €64,153 (-37.1%), from €172,774 to €108,621
of which Distributable reserves: -€63,928
- Current portion of long-term debt -€18,721
down €18,721 (-91.6%), from €20,435 to €1,714
- Trade debts -€9,799
down €9,799 (-33.5%), from €29,244 to €19,446
- Gross operating margin -€47,856
down €47,856 (-24.8%), from €193,152 to €145,296
- Staff costs -€28,031
down €28,031 (-13.8%), from €202,856 to €174,824
- Depreciation -€25,180
down €25,180 (-55.6%), from €45,290 to €20,110
- Other operating charges -€4,057
down €4,057 (-15.2%), from €26,718 to €22,661
- Financial income -€2,940
down €2,940 (-23.6%), from €12,452 to €9,512
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 | €320,513 | €226,459 | -€94,053 | -29.3% |
| Fixed assets | 21/28 | €21,888 | €1,777 | -€20,110 | -91.9% |
| Tangible fixed assets | 22/27 | €20,713 | €602 | -€20,110 | -97.1% |
| Furniture and vehicles | 24 | €20,713 | €602 | -€20,110 | -97.1% |
| Financial fixed assets | 28 | €1,175 | €1,175 | = | 0.0% |
| Current assets | 29/58 | €298,625 | €224,682 | -€73,943 | -24.8% |
| Amounts receivable after more than one year | 29 | €177,105 | €152,105 | -€25,000 | -14.1% |
| Other amounts receivable | 291 | €177,105 | €152,105 | -€25,000 | -14.1% |
| Amounts receivable within one year | 40/41 | €79,129 | €42,763 | -€36,366 | -46.0% |
| Trade receivables | 40 | €40,342 | €39,642 | -€700 | -1.7% |
| Other amounts receivable | 41 | €38,787 | €3,120 | -€35,666 | -92.0% |
| Cash at bank and in hand | 54/58 | €37,571 | €25,517 | -€12,055 | -32.1% |
| Deferred charges and accrued income | 490/1 | €4,820 | €4,298 | -€522 | -10.8% |
| Total equity and liabilities | 10/49 | €320,513 | €226,459 | -€94,053 | -29.3% |
| Equity | 10/15 | €248,774 | €184,621 | -€64,153 | -25.8% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Capital | 10 | €76,000 | €76,000 | = | 0.0% |
| Issued capital | 100 | €76,000 | €76,000 | = | 0.0% |
| Reserves | 13 | €172,774 | €108,621 | -€64,153 | -37.1% |
| Non-distributable reserves | 130/1 | €7,600 | €7,600 | = | 0.0% |
| Legal reserve | 130 | €7,600 | €7,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,352 | €5,127 | -€225 | -4.2% |
| Distributable reserves | 133 | €159,821 | €95,893 | -€63,928 | -40.0% |
| Provisions and deferred taxes | 16 | €77 | €2 | -€75 | -97.1% |
| Deferred taxes | 168 | €77 | €2 | -€75 | -97.1% |
| Amounts payable | 17/49 | €71,662 | €41,836 | -€29,825 | -41.6% |
| Amounts payable after more than one year | 17 | €1,714 | - | -€1,714 | |
| Financial debts | 170/4 | €1,714 | - | -€1,714 | |
| Amounts payable within one year | 42/48 | €66,034 | €35,886 | -€30,149 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €20,435 | €1,714 | -€18,721 | -91.6% |
| Trade debts | 44 | €29,244 | €19,446 | -€9,799 | -33.5% |
| Suppliers | 440/4 | €29,244 | €19,446 | -€9,799 | -33.5% |
| Taxes, remuneration and social security | 45 | €16,355 | €14,726 | -€1,629 | -10.0% |
| Taxes | 450/3 | €305 | €290 | -€15 | -4.8% |
| Remuneration and social security | 454/9 | €16,050 | €14,436 | -€1,614 | -10.1% |
| Accrued charges and deferred income | 492/3 | €3,914 | €5,951 | +€2,037 | +52.0% |
| Non-recurring operating income | 76A | €305 | €750 | +€445 | +146.2% |
| Remuneration, social security and pensions | 62 | €202,856 | €174,824 | -€28,031 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,290 | €20,110 | -€25,180 | -55.6% |
| Other operating charges | 640/8 | €26,718 | €22,661 | -€4,057 | -15.2% |
| Gross operating margin | 9900 | €193,152 | €145,296 | -€47,856 | -24.8% |
| Operating profit (loss) | 9901 | -€81,712 | -€72,300 | +€9,412 | +11.5% |
| Financial income | 75/76B | €12,452 | €9,512 | -€2,940 | -23.6% |
| Recurring financial income | 75 | €12,452 | €9,512 | -€2,940 | -23.6% |
| Financial charges | 65/66B | €1,483 | €1,149 | -€334 | -22.5% |
| Recurring financial charges | 65 | €1,483 | €1,149 | -€334 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,743 | -€63,937 | +€6,806 | +9.6% |
| Transfer from deferred taxes | 780 | €75 | €75 | = | 0.0% |
| Income taxes | 67/77 | €305 | €290 | -€15 | -4.8% |
| Profit (loss) for the period | 9904 | -€70,973 | -€64,153 | +€6,821 | +9.6% |
| Transfer from tax-exempt reserves | 789 | €225 | €225 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,748 | -€63,928 | +€6,821 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.