PRIVATE SHUTTLE: 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.
PRIVATE SHUTTLE
Largest movements
- Receivables within one year -€6,197
down €6,197 (-47.7%), from €12,985 to €6,788
of which Trade receivables: -€5,449
- Deferred charges and accrued income -€6,095
down €6,095 (-61.9%), from €9,852 to €3,756
- Cash -€2,153
down €2,153 (-63.3%), from €3,400 to €1,247
mainly Net result for the year (-€82,578)
- Profit (loss) carried forward -€82,578
down €82,578 (-402.2%), from -€20,532 to -€103,110
- Tax, wage and social debts +€53,645
up €53,645 (+438.5%), from €12,234 to €65,879
of which Remuneration and social security: +€54,650
- Current portion of long-term debt +€11,000
new in 2025: €11,000
- Trade debts +€3,487
up €3,487 (+23.8%), from €14,628 to €18,115
- Staff costs +€167,182
up €167,182 (+273.9%), from €61,035 to €228,218
- Gross operating margin +€108,562
up €108,562 (+216.4%), from €50,166 to €158,728
- Financial charges +€2,661
up €2,661 (+82.8%), from €3,214 to €5,875
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 | €26,330 | €11,885 | -€14,446 | -54.9% |
| Fixed assets | 21/28 | €94 | €94 | = | 0.0% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €26,237 | €11,791 | -€14,446 | -55.1% |
| Amounts receivable within one year | 40/41 | €12,985 | €6,788 | -€6,197 | -47.7% |
| Trade receivables | 40 | €11,752 | €6,302 | -€5,449 | -46.4% |
| Other amounts receivable | 41 | €1,234 | €486 | -€748 | -60.6% |
| Cash at bank and in hand | 54/58 | €3,400 | €1,247 | -€2,153 | -63.3% |
| Deferred charges and accrued income | 490/1 | €9,852 | €3,756 | -€6,095 | -61.9% |
| Total equity and liabilities | 10/49 | €26,330 | €11,885 | -€14,446 | -54.9% |
| Equity | 10/15 | -€532 | -€83,110 | -€82,578 | -15520.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,532 | -€103,110 | -€82,578 | -402.2% |
| Amounts payable | 17/49 | €26,862 | €94,994 | +€68,132 | +253.6% |
| Amounts payable within one year | 42/48 | €26,862 | €94,994 | +€68,132 | +253.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,000 | +€11,000 | |
| Trade debts | 44 | €14,628 | €18,115 | +€3,487 | +23.8% |
| Suppliers | 440/4 | €14,628 | €18,115 | +€3,487 | +23.8% |
| Taxes, remuneration and social security | 45 | €12,234 | €65,879 | +€53,645 | +438.5% |
| Taxes | 450/3 | €1,818 | €813 | -€1,005 | -55.3% |
| Remuneration and social security | 454/9 | €10,416 | €65,066 | +€54,650 | +524.7% |
| Remuneration, social security and pensions | 62 | €61,035 | €228,218 | +€167,182 | +273.9% |
| Other operating charges | 640/8 | €6,483 | €7,461 | +€978 | +15.1% |
| Gross operating margin | 9900 | €50,166 | €158,728 | +€108,562 | +216.4% |
| Operating profit (loss) | 9901 | -€17,353 | -€76,950 | -€59,598 | -343.4% |
| Financial income | 75/76B | €35 | €248 | +€213 | +611.6% |
| Recurring financial income | 75 | €35 | €248 | +€213 | +611.6% |
| Financial charges | 65/66B | €3,214 | €5,875 | +€2,661 | +82.8% |
| Recurring financial charges | 65 | €3,214 | €5,875 | +€2,661 | +82.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,532 | -€82,578 | -€62,046 | -302.2% |
| Profit (loss) for the period | 9904 | -€20,532 | -€82,578 | -€62,046 | -302.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,532 | -€82,578 | -€62,046 | -302.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.