RELOUTRANS: 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.
RELOUTRANS
Largest movements
- Cash +€35,660
up €35,660 (+176%), from €20,309 to €55,968
mainly Net result for the year (+€34,884) and Depreciation (+€27,174)
- Tangible fixed assets -€25,336
down €25,336 (-59.8%), from €42,389 to €17,053
of which Leasing and similar rights: -€25,049
- Deferred charges and accrued income -€1,618
down €1,618 (-29.2%), from €5,535 to €3,917
- Reserves +€34,884
up €34,884 (+77.7%), from €44,910 to €79,794
of which Distributable reserves: +€34,884
- Current portion of long-term debt -€18,768
down €18,768 (-64.4%), from €29,155 to €10,388
- Debts after one year -€10,388
down €10,388 (-35.0%), from €29,700 to €19,313
- Tax, wage and social debts +€4,860
up €4,860 (+69.7%), from €6,973 to €11,832
- Trade debts -€3,103
down €3,103 (-30.7%), from €10,107 to €7,004
- Gross operating margin +€33,849
up €33,849 (+76.5%), from €44,272 to €78,122
- Taxes +€10,448
up €10,448 (+7,831%), from €133 to €10,582
- Depreciation -€8,638
down €8,638 (-24.1%), from €35,812 to €27,174
- Financial charges -€1,014
down €1,014 (-40.6%), from €2,497 to €1,483
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 | €103,934 | €111,745 | +€7,811 | +7.5% |
| Fixed assets | 21/28 | €42,524 | €17,188 | -€25,336 | -59.6% |
| Tangible fixed assets | 22/27 | €42,389 | €17,053 | -€25,336 | -59.8% |
| Land and buildings | 22 | €4,391 | €3,407 | -€984 | -22.4% |
| Plant, machinery and equipment | 23 | €1,178 | €1,043 | -€135 | -11.5% |
| Furniture and vehicles | 24 | €172 | €1,004 | +€832 | +485% |
| Leasing and similar rights | 25 | €36,648 | €11,599 | -€25,049 | -68.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €61,410 | €94,557 | +€33,147 | +54.0% |
| Amounts receivable within one year | 40/41 | €35,566 | €34,671 | -€895 | -2.5% |
| Trade receivables | 40 | €34,374 | €33,465 | -€908 | -2.6% |
| Other amounts receivable | 41 | €1,192 | €1,206 | +€13 | +1.1% |
| Cash at bank and in hand | 54/58 | €20,309 | €55,968 | +€35,660 | +176% |
| Deferred charges and accrued income | 490/1 | €5,535 | €3,917 | -€1,618 | -29.2% |
| Total equity and liabilities | 10/49 | €103,934 | €111,745 | +€7,811 | +7.5% |
| Equity | 10/15 | €27,925 | €62,809 | +€34,884 | +125% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,910 | €79,794 | +€34,884 | +77.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €3,050 | €37,934 | +€34,884 | +1,144% |
| Profit (loss) carried forward | 14 | -€35,585 | -€35,585 | = | 0.0% |
| Amounts payable | 17/49 | €76,009 | €48,936 | -€27,073 | -35.6% |
| Amounts payable after more than one year | 17 | €29,700 | €19,313 | -€10,388 | -35.0% |
| Financial debts | 170/4 | €29,700 | €19,313 | -€10,388 | -35.0% |
| Amounts payable within one year | 42/48 | €46,309 | €29,623 | -€16,686 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €29,155 | €10,388 | -€18,768 | -64.4% |
| Trade debts | 44 | €10,107 | €7,004 | -€3,103 | -30.7% |
| Suppliers | 440/4 | €10,107 | €7,004 | -€3,103 | -30.7% |
| Taxes, remuneration and social security | 45 | €6,973 | €11,832 | +€4,860 | +69.7% |
| Taxes | 450/3 | €6,973 | €11,832 | +€4,860 | +69.7% |
| Other amounts payable | 47/48 | €73 | €399 | +€325 | +443% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,812 | €27,174 | -€8,638 | -24.1% |
| Other operating charges | 640/8 | €4,237 | €4,029 | -€208 | -4.9% |
| Gross operating margin | 9900 | €44,272 | €78,122 | +€33,849 | +76.5% |
| Operating profit (loss) | 9901 | €4,224 | €46,919 | +€42,695 | +1,011% |
| Financial income | 75/76B | €7 | €30 | +€23 | +309% |
| Recurring financial income | 75 | €7 | €30 | +€23 | +309% |
| Financial charges | 65/66B | €2,497 | €1,483 | -€1,014 | -40.6% |
| Recurring financial charges | 65 | €2,497 | €1,483 | -€1,014 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €1,734 | €45,466 | +€43,732 | +2,522% |
| Income taxes | 67/77 | €133 | €10,582 | +€10,448 | +7,831% |
| Profit (loss) for the period | 9904 | €1,600 | €34,884 | +€33,284 | +2,080% |
| Profit (loss) for the period to be appropriated | 9905 | €1,600 | €34,884 | +€33,284 | +2,080% |
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 21 October 2026 via checked.be.