S & I 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.
S & I TRANS
Largest movements
- Cash +€50,743
up €50,743 (+24.5%), from €207,014 to €257,757
mainly Depreciation (+€43,088) and Net result for the year (+€22,869)
- Receivables within one year -€16,131
down €16,131 (-42.1%), from €38,318 to €22,187
of which Trade receivables: -€16,737
- Tangible fixed assets -€10,152
down €10,152 (-16.3%), from €62,129 to €51,977
of which Furniture and vehicles: -€8,738
- Reserves +€21,151
up €21,151 (+8.0%), from €265,472 to €286,623
of which Distributable reserves: +€21,151
- Trade debts -€4,351
down €4,351 (-30.3%), from €14,372 to €10,021
- Other debts +€4,328
up €4,328 (+102%), from €4,256 to €8,584
- Gross operating margin -€6,059
down €6,059 (-6.8%), from €89,064 to €83,005
- Taxes -€3,524
down €3,524 (-29.9%), from €11,771 to €8,247
- Depreciation +€3,367
up €3,367 (+8.5%), from €39,722 to €43,088
- Other operating charges +€1,767
up €1,767 (+22.1%), from €8,010 to €9,777
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 | €311,051 | €334,779 | +€23,728 | +7.6% |
| Fixed assets | 21/28 | €63,204 | €53,052 | -€10,152 | -16.1% |
| Tangible fixed assets | 22/27 | €62,129 | €51,977 | -€10,152 | -16.3% |
| Plant, machinery and equipment | 23 | €3,717 | €2,303 | -€1,414 | -38.0% |
| Furniture and vehicles | 24 | €58,413 | €49,675 | -€8,738 | -15.0% |
| Financial fixed assets | 28 | €1,075 | €1,075 | = | 0.0% |
| Current assets | 29/58 | €247,847 | €281,728 | +€33,880 | +13.7% |
| Amounts receivable within one year | 40/41 | €38,318 | €22,187 | -€16,131 | -42.1% |
| Trade receivables | 40 | €31,951 | €15,213 | -€16,737 | -52.4% |
| Other amounts receivable | 41 | €6,368 | €6,974 | +€606 | +9.5% |
| Cash at bank and in hand | 54/58 | €207,014 | €257,757 | +€50,743 | +24.5% |
| Deferred charges and accrued income | 490/1 | €2,515 | €1,783 | -€732 | -29.1% |
| Total equity and liabilities | 10/49 | €311,051 | €334,779 | +€23,728 | +7.6% |
| Equity | 10/15 | €284,072 | €305,223 | +€21,151 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,472 | €286,623 | +€21,151 | +8.0% |
| Tax-exempt reserves | 132 | €23,600 | €23,600 | = | 0.0% |
| Distributable reserves | 133 | €241,872 | €263,023 | +€21,151 | +8.7% |
| Amounts payable | 17/49 | €26,979 | €29,557 | +€2,577 | +9.6% |
| Amounts payable within one year | 42/48 | €26,979 | €29,557 | +€2,577 | +9.6% |
| Trade debts | 44 | €14,372 | €10,021 | -€4,351 | -30.3% |
| Suppliers | 440/4 | €14,372 | €10,021 | -€4,351 | -30.3% |
| Taxes, remuneration and social security | 45 | €8,351 | €10,952 | +€2,601 | +31.1% |
| Taxes | 450/3 | €5,705 | €5,659 | -€46 | -0.8% |
| Remuneration and social security | 454/9 | €2,646 | €5,293 | +€2,647 | +100% |
| Other amounts payable | 47/48 | €4,256 | €8,584 | +€4,328 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,722 | €43,088 | +€3,367 | +8.5% |
| Other operating charges | 640/8 | €8,010 | €9,777 | +€1,767 | +22.1% |
| Gross operating margin | 9900 | €89,064 | €83,005 | -€6,059 | -6.8% |
| Operating profit (loss) | 9901 | €41,332 | €30,140 | -€11,192 | -27.1% |
| Financial income | 75/76B | €445 | €895 | +€450 | +101% |
| Recurring financial income | 75 | €445 | €895 | +€450 | +101% |
| Financial charges | 65/66B | €460 | -€81 | -€542 | |
| Recurring financial charges | 65 | €460 | -€81 | -€542 | |
| Profit (loss) for the period before taxes | 9903 | €41,317 | €31,116 | -€10,201 | -24.7% |
| Income taxes | 67/77 | €11,771 | €8,247 | -€3,524 | -29.9% |
| Profit (loss) for the period | 9904 | €29,546 | €22,869 | -€6,677 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,546 | €22,869 | -€6,677 | -22.6% |
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 14 October 2026 via checked.be.