Railways &Co: 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.
Railways &Co
Largest movements
- Deferred charges and accrued income +€31,653
new in 2024: €31,653
- Tangible fixed assets -€30,042
down €30,042 (-27.8%), from €108,187 to €78,145
of which Furniture and vehicles: -€22,926
- Receivables within one year +€19,731
up €19,731 (+17.3%), from €114,316 to €134,047
of which Other amounts receivable: +€29,231
- Trade debts +€30,236
up €30,236 (+19.4%), from €155,537 to €185,773
- Profit (loss) carried forward -€4,216
down €4,216 (-12.7%), from €33,240 to €29,024
- Other debts -€4,017
no longer reported in 2024 (was €4,017)
- Staff costs +€228,199
up €228,199 (+83.3%), from €273,910 to €502,109
- Gross operating margin +€216,475
up €216,475 (+67.3%), from €321,465 to €537,940
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,587 | €255,813 | +€20,227 | +8.6% |
| Fixed assets | 21/28 | €108,187 | €78,145 | -€30,042 | -27.8% |
| Tangible fixed assets | 22/27 | €108,187 | €78,145 | -€30,042 | -27.8% |
| Plant, machinery and equipment | 23 | €30,544 | €23,428 | -€7,116 | -23.3% |
| Furniture and vehicles | 24 | €77,643 | €54,717 | -€22,926 | -29.5% |
| Current assets | 29/58 | €127,400 | €177,669 | +€50,269 | +39.5% |
| Amounts receivable within one year | 40/41 | €114,316 | €134,047 | +€19,731 | +17.3% |
| Trade receivables | 40 | €114,316 | €104,816 | -€9,500 | -8.3% |
| Other amounts receivable | 41 | - | €29,231 | +€29,231 | |
| Cash at bank and in hand | 54/58 | €13,084 | €11,969 | -€1,115 | -8.5% |
| Deferred charges and accrued income | 490/1 | - | €31,653 | +€31,653 | |
| Total equity and liabilities | 10/49 | €235,587 | €255,813 | +€20,227 | +8.6% |
| Equity | 10/15 | €54,745 | €50,529 | -€4,216 | -7.7% |
| Contributions | 10/11 | €21,505 | €21,505 | = | 0.0% |
| Contributions outside capital | 11 | €21,505 | €21,505 | = | 0.0% |
| Other | 1109/19 | €21,505 | €21,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,240 | €29,024 | -€4,216 | -12.7% |
| Amounts payable | 17/49 | €180,841 | €205,285 | +€24,443 | +13.5% |
| Amounts payable within one year | 42/48 | €180,841 | €205,285 | +€24,443 | +13.5% |
| Trade debts | 44 | €155,537 | €185,773 | +€30,236 | +19.4% |
| Suppliers | 440/4 | €155,537 | €185,773 | +€30,236 | +19.4% |
| Taxes, remuneration and social security | 45 | €21,287 | €19,512 | -€1,776 | -8.3% |
| Taxes | 450/3 | €18,054 | €19,394 | +€1,340 | +7.4% |
| Remuneration and social security | 454/9 | €3,233 | €117 | -€3,116 | -96.4% |
| Other amounts payable | 47/48 | €4,017 | - | -€4,017 | |
| Remuneration, social security and pensions | 62 | €273,910 | €502,109 | +€228,199 | +83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,910 | €25,544 | -€366 | -1.4% |
| Other operating charges | 640/8 | €8,681 | €8,718 | +€37 | +0.4% |
| Gross operating margin | 9900 | €321,465 | €537,940 | +€216,475 | +67.3% |
| Operating profit (loss) | 9901 | €12,964 | €1,568 | -€11,396 | -87.9% |
| Financial income | 75/76B | €1 | €3 | +€2 | +229% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +229% |
| Financial charges | 65/66B | €695 | €822 | +€127 | +18.2% |
| Recurring financial charges | 65 | €695 | €822 | +€127 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €12,269 | €749 | -€11,520 | -93.9% |
| Income taxes | 67/77 | €5,549 | €4,965 | -€584 | -10.5% |
| Profit (loss) for the period | 9904 | €6,720 | -€4,216 | -€10,936 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,720 | -€4,216 | -€10,936 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.