P & R 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.
P & R TRANS
Largest movements
- Cash -€77,400
down €77,400 (-29.4%), from €263,401 to €186,001
mainly Investment in fixed assets (net) (-€115,169) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets +€39,697
up €39,697 (+19.6%), from €202,370 to €242,067
of which Furniture and vehicles: +€84,069
- Deferred charges and accrued income +€7,964
up €7,964 (+132%), from €6,043 to €14,007
- Other debts +€47,750
up €47,750 (+25,642%), from €186 to €47,936
- Reserves -€35,780
down €35,780 (-16.9%), from €212,200 to €176,420
of which Distributable reserves: -€36,000
- Current portion of long-term debt -€16,374
down €16,374 (-66.4%), from €24,658 to €8,283
- Tax, wage and social debts -€15,134
down €15,134 (-85.2%), from €17,763 to €2,628
of which Taxes: -€15,134
- Debts after one year -€8,283
down €8,283 (-100%), from €8,283 to €0
- Gross operating margin +€13,414
up €13,414 (+14.6%), from €91,727 to €105,142
- Other operating charges +€5,032
up €5,032 (+241%), from €2,088 to €7,120
- Taxes +€3,805
up €3,805 (+86.3%), from €4,407 to €8,213
- Depreciation +€1,727
up €1,727 (+2.3%), from €73,745 to €75,472
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 | €488,137 | €462,170 | -€25,967 | -5.3% |
| Fixed assets | 21/28 | €202,370 | €242,067 | +€39,697 | +19.6% |
| Tangible fixed assets | 22/27 | €202,370 | €242,067 | +€39,697 | +19.6% |
| Land and buildings | 22 | €81,253 | €69,698 | -€11,556 | -14.2% |
| Plant, machinery and equipment | 23 | €9,721 | €11,699 | +€1,978 | +20.3% |
| Furniture and vehicles | 24 | €59,443 | €143,512 | +€84,069 | +141% |
| Leasing and similar rights | 25 | €51,952 | €17,159 | -€34,794 | -67.0% |
| Current assets | 29/58 | €285,767 | €220,103 | -€65,664 | -23.0% |
| Amounts receivable within one year | 40/41 | €16,323 | €20,095 | +€3,772 | +23.1% |
| Trade receivables | 40 | €16,323 | €20,095 | +€3,772 | +23.1% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €263,401 | €186,001 | -€77,400 | -29.4% |
| Deferred charges and accrued income | 490/1 | €6,043 | €14,007 | +€7,964 | +132% |
| Total equity and liabilities | 10/49 | €488,137 | €462,170 | -€25,967 | -5.3% |
| Equity | 10/15 | €432,319 | €396,763 | -€35,556 | -8.2% |
| Contributions | 10/11 | €11,600 | €11,600 | = | 0.0% |
| Reserves | 13 | €212,200 | €176,420 | -€35,780 | -16.9% |
| Tax-exempt reserves | 132 | €129,200 | €129,420 | +€220 | +0.2% |
| Distributable reserves | 133 | €83,000 | €47,000 | -€36,000 | -43.4% |
| Profit (loss) carried forward | 14 | €208,520 | €208,744 | +€224 | +0.1% |
| Amounts payable | 17/49 | €55,818 | €65,407 | +€9,589 | +17.2% |
| Amounts payable after more than one year | 17 | €8,283 | €0 | -€8,283 | -100% |
| Financial debts | 170/4 | €8,283 | €0 | -€8,283 | -100% |
| Amounts payable within one year | 42/48 | €47,510 | €65,374 | +€17,864 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €24,658 | €8,283 | -€16,374 | -66.4% |
| Trade debts | 44 | €4,903 | €6,526 | +€1,623 | +33.1% |
| Suppliers | 440/4 | €4,903 | €6,526 | +€1,623 | +33.1% |
| Taxes, remuneration and social security | 45 | €17,763 | €2,628 | -€15,134 | -85.2% |
| Taxes | 450/3 | €17,763 | €2,628 | -€15,134 | -85.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €186 | €47,936 | +€47,750 | +25,642% |
| Accrued charges and deferred income | 492/3 | €25 | €33 | +€8 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,745 | €75,472 | +€1,727 | +2.3% |
| Other operating charges | 640/8 | €2,088 | €7,120 | +€5,032 | +241% |
| Non-recurring operating charges | 66A | €740 | €112 | -€628 | -84.9% |
| Gross operating margin | 9900 | €91,727 | €105,142 | +€13,414 | +14.6% |
| Operating profit (loss) | 9901 | €15,155 | €22,438 | +€7,283 | +48.1% |
| Financial income | 75/76B | €547 | €917 | +€371 | +67.8% |
| Recurring financial income | 75 | €547 | €917 | +€371 | +67.8% |
| Financial charges | 65/66B | €976 | €699 | -€277 | -28.4% |
| Recurring financial charges | 65 | €976 | €699 | -€277 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €14,726 | €22,657 | +€7,931 | +53.9% |
| Income taxes | 67/77 | €4,407 | €8,213 | +€3,805 | +86.3% |
| Profit (loss) for the period | 9904 | €10,318 | €14,444 | +€4,126 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,318 | €14,444 | +€4,126 | +40.0% |
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 24 October 2026 via checked.be.