RECORD - 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.
What changed
RECORD - TRANS
NACE 49.410, Freight transport by road
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€96,727
2024 · -€149,684+€52,956
Equity
€683,696
2024 · €780,423-€96,727
Cash
€112,400
2024 · €180,153-€67,752
Balance sheet total
€2.6m
2024 · €2.8m-€210,127
Largest movements
Assets
- Tangible fixed assets -€450,437
down €450,437 (-30.9%), from €1.5m to €1.0m
of which Furniture and vehicles: -€443,185
- Receivables within one year +€348,319
up €348,319 (+45.6%), from €764,020 to €1.1m
of which Trade receivables: +€370,949
- Cash -€67,752
down €67,752 (-37.6%), from €180,153 to €112,400
mainly Debts after one year (-€353,367) and Receivables within one year (-€348,319)
- Deferred charges and accrued income -€39,507
down €39,507 (-58.0%), from €68,130 to €28,623
Equity and liabilities
- Debts after one year -€353,367
down €353,367 (-28.1%), from €1.3m to €902,159
- Trade debts +€227,692
up €227,692 (+182.3%), from €124,889 to €352,581
- Profit (loss) carried forward -€96,508
new in 2025: -€96,508
Income statement
- Gross operating margin +€70,036
up €70,036 (+4.3%), from €1.6m to €1.7m
- Staff costs +€30,646
up €30,646 (+2.8%), from €1.1m to €1.1m
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.
Result 2024
-€149,684
Gross operating margin
+€70,036
Staff costs
-€30,646
Depreciation
+€4,245
Write-downs
-€5,118
Other operating charges
+€721
Other operating items
+€165
Financial income
+€9,583
Financial charges
+€3,996
Taxes
-€26
Result 2025
-€96,727
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.
From operations
+€308,170
Investment
-€13,805
Financing
-€362,117
Cash 2024
€180,153
From operations (derived)
+€308,170
Net result for the year
-€96,727
Depreciation
+€464,991
Receivables within one year
-€348,319
Deferred charges and accrued income
+€39,507
Trade debts
+€227,692
Tax, wage and social debts
+€17,469
Other debts
-€2,120
Accrued charges and deferred income
+€5,677
Investment (derived)
-€13,805
Investment in fixed assets (net)
-€13,805
Financing
-€362,117
Debts after one year
-€353,367
Current portion of long-term debt
-€8,749
Cash 2025
€112,400
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,762,086 | €2,551,959 | -€210,127 | -7.6% |
| Fixed assets | 21/28 | €1,499,782 | €1,048,596 | -€451,186 | -30.1% |
| Intangible fixed assets | 21 | €17,393 | €15,644 | -€1,749 | -10.1% |
| Tangible fixed assets | 22/27 | €1,458,876 | €1,008,438 | -€450,437 | -30.9% |
| Plant, machinery and equipment | 23 | €17,348 | €11,462 | -€5,886 | -33.9% |
| Furniture and vehicles | 24 | €1,428,546 | €985,361 | -€443,185 | -31.0% |
| Other tangible fixed assets | 26 | €12,982 | €11,615 | -€1,367 | -10.5% |
| Financial fixed assets | 28 | €23,514 | €24,514 | +€1,000 | +4.3% |
| Current assets | 29/58 | €1,262,303 | €1,503,363 | +€241,060 | +19.1% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €764,020 | €1,112,340 | +€348,319 | +45.6% |
| Trade receivables | 40 | €736,745 | €1,107,693 | +€370,949 | +50.3% |
| Other amounts receivable | 41 | €27,276 | €4,647 | -€22,629 | -83.0% |
| Cash at bank and in hand | 54/58 | €180,153 | €112,400 | -€67,752 | -37.6% |
| Deferred charges and accrued income | 490/1 | €68,130 | €28,623 | -€39,507 | -58.0% |
| Total equity and liabilities | 10/49 | €2,762,086 | €2,551,959 | -€210,127 | -7.6% |
| Equity | 10/15 | €780,423 | €683,696 | -€96,727 | -12.4% |
| Contributions | 10/11 | €18,660 | €18,660 | = | 0.0% |
| Reserves | 13 | €761,763 | €761,544 | -€220 | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €761,763 | €761,544 | -€220 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€96,508 | -€96,508 | |
| Amounts payable | 17/49 | €1,981,663 | €1,868,263 | -€113,400 | -5.7% |
| Amounts payable after more than one year | 17 | €1,255,527 | €902,159 | -€353,367 | -28.1% |
| Financial debts | 170/4 | €1,255,527 | €902,159 | -€353,367 | -28.1% |
| Amounts payable within one year | 42/48 | €719,095 | €953,386 | +€234,291 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €433,867 | €425,117 | -€8,749 | -2.0% |
| Trade debts | 44 | €124,889 | €352,581 | +€227,692 | +182.3% |
| Suppliers | 440/4 | €124,889 | €352,581 | +€227,692 | +182.3% |
| Taxes, remuneration and social security | 45 | €154,428 | €171,897 | +€17,469 | +11.3% |
| Taxes | 450/3 | €19,616 | €47,477 | +€27,861 | +142.0% |
| Remuneration and social security | 454/9 | €134,812 | €124,420 | -€10,392 | -7.7% |
| Other amounts payable | 47/48 | €5,912 | €3,791 | -€2,120 | -35.9% |
| Accrued charges and deferred income | 492/3 | €7,041 | €12,718 | +€5,677 | +80.6% |
| Remuneration, social security and pensions | 62 | €1,108,418 | €1,139,064 | +€30,646 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469,237 | €464,991 | -€4,245 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €5,118 | +€5,118 | |
| Other operating charges | 640/8 | €163,105 | €162,383 | -€721 | -0.4% |
| Non-recurring operating charges | 66A | €1,067 | €902 | -€165 | -15.5% |
| Gross operating margin | 9900 | €1,644,052 | €1,714,088 | +€70,036 | +4.3% |
| Operating profit (loss) | 9901 | -€97,774 | -€58,370 | +€39,404 | +40.3% |
| Financial income | 75/76B | €11,191 | €20,774 | +€9,583 | +85.6% |
| Recurring financial income | 75 | €11,191 | €20,774 | +€9,583 | +85.6% |
| Financial charges | 65/66B | €62,958 | €58,961 | -€3,996 | -6.3% |
| Recurring financial charges | 65 | €62,958 | €58,961 | -€3,996 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€149,540 | -€96,557 | +€52,983 | +35.4% |
| Income taxes | 67/77 | €144 | €170 | +€26 | +18.4% |
| Profit (loss) for the period | 9904 | -€149,684 | -€96,727 | +€52,956 | +35.4% |
| Transfer from tax-exempt reserves | 789 | €151,560 | €0 | -€151,560 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,877 | -€96,727 | -€98,604 |
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 10 October 2026 via checked.be.