R& S 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.
R& S Trans
Largest movements
- Tangible fixed assets -€9,903
down €9,903 (-2.3%), from €438,833 to €428,930
of which Land and buildings: -€18,481
- Cash -€9,148
down €9,148 (-14.0%), from €65,319 to €56,171
mainly Debts after one year (-€24,000) and Investment in fixed assets (net) (-€16,257)
- Stocks and contracts +€7,879
up €7,879 (+71.2%), from €11,064 to €18,943
- Debts after one year -€24,000
down €24,000 (-17.4%), from €138,000 to €114,000
- Profit (loss) carried forward +€9,714
up €9,714 (+5.5%), from €177,040 to €186,754
- Depreciation +€3,229
up €3,229 (+14.1%), from €22,927 to €26,156
- Gross operating margin +€2,676
up €2,676 (+5.3%), from €50,075 to €52,751
- Taxes +€2,323
up €2,323, from €0 to €2,323
- Financial income -€2,052
down €2,052 (-56.4%), from €3,641 to €1,589
of which Non-recurring financial income: -€2,000
- Financial charges -€863
down €863 (-12.2%), from €7,096 to €6,233
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 | €521,153 | €509,104 | -€12,049 | -2.3% |
| Fixed assets | 21/28 | €439,075 | €429,176 | -€9,899 | -2.3% |
| Tangible fixed assets | 22/27 | €438,833 | €428,930 | -€9,903 | -2.3% |
| Land and buildings | 22 | €414,977 | €396,496 | -€18,481 | -4.5% |
| Plant, machinery and equipment | 23 | €23,016 | €19,940 | -€3,076 | -13.4% |
| Furniture and vehicles | 24 | €840 | €12,494 | +€11,654 | +1,387% |
| Financial fixed assets | 28 | €242 | €247 | +€5 | +2.0% |
| Current assets | 29/58 | €82,078 | €79,927 | -€2,151 | -2.6% |
| Stocks and contracts in progress | 3 | €11,064 | €18,943 | +€7,879 | +71.2% |
| Stocks | 30/36 | €11,064 | €18,943 | +€7,879 | +71.2% |
| Amounts receivable within one year | 40/41 | €3,219 | €1,853 | -€1,366 | -42.4% |
| Trade receivables | 40 | €3,024 | €1,772 | -€1,252 | -41.4% |
| Other amounts receivable | 41 | €195 | €81 | -€114 | -58.7% |
| Cash at bank and in hand | 54/58 | €65,319 | €56,171 | -€9,148 | -14.0% |
| Deferred charges and accrued income | 490/1 | €2,476 | €2,961 | +€485 | +19.6% |
| Total equity and liabilities | 10/49 | €521,153 | €509,104 | -€12,049 | -2.3% |
| Equity | 10/15 | €349,665 | €359,379 | +€9,714 | +2.8% |
| Contributions | 10/11 | €9,500 | €9,500 | +€0 | 0.0% |
| Reserves | 13 | €163,125 | €163,125 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €160,625 | €160,625 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €177,040 | €186,754 | +€9,714 | +5.5% |
| Amounts payable | 17/49 | €171,488 | €149,725 | -€21,763 | -12.7% |
| Amounts payable after more than one year | 17 | €138,000 | €114,000 | -€24,000 | -17.4% |
| Financial debts | 170/4 | €138,000 | €114,000 | -€24,000 | -17.4% |
| Amounts payable within one year | 42/48 | €33,285 | €35,267 | +€1,982 | +6.0% |
| Trade debts | 44 | €1,394 | €1,943 | +€549 | +39.4% |
| Suppliers | 440/4 | €1,394 | €1,943 | +€549 | +39.4% |
| Taxes, remuneration and social security | 45 | €5,746 | €8,767 | +€3,021 | +52.6% |
| Taxes | 450/3 | €5,746 | €8,767 | +€3,021 | +52.6% |
| Other amounts payable | 47/48 | €26,145 | €24,557 | -€1,588 | -6.1% |
| Accrued charges and deferred income | 492/3 | €203 | €458 | +€255 | +125% |
| Remuneration, social security and pensions | 62 | €7,285 | €8,057 | +€772 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,927 | €26,156 | +€3,229 | +14.1% |
| Other operating charges | 640/8 | €1,674 | €1,858 | +€184 | +11.0% |
| Gross operating margin | 9900 | €50,075 | €52,751 | +€2,676 | +5.3% |
| Operating profit (loss) | 9901 | €18,189 | €16,680 | -€1,509 | -8.3% |
| Financial income | 75/76B | €3,641 | €1,589 | -€2,052 | -56.4% |
| Recurring financial income | 75 | €1,641 | €1,589 | -€52 | -3.2% |
| Non-recurring financial income | 76B | €2,000 | - | -€2,000 | |
| Financial charges | 65/66B | €7,096 | €6,233 | -€863 | -12.2% |
| Recurring financial charges | 65 | €7,096 | €6,233 | -€863 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €14,734 | €12,036 | -€2,698 | -18.3% |
| Income taxes | 67/77 | €0 | €2,323 | +€2,323 | |
| Profit (loss) for the period | 9904 | €14,734 | €9,714 | -€5,020 | -34.1% |
| Transfer from tax-exempt reserves | 789 | €1,000 | - | -€1,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,734 | €9,714 | -€6,020 | -38.3% |
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 25 October 2026 via checked.be.