S - TRANS: what changed
What changed
S - TRANS
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€4,658
2024 · €5,123-€465
Equity
€295,090
2024 · €290,432+€4,658
Cash
€55,477
2024 · €105,974-€50,497
Balance sheet total
€572,622
2024 · €838,100-€265,478
Largest movements
Assets
- Deferred charges and accrued income -€103,808
down €103,808 (-92.1%), from €112,755 to €8,947
- Receivables within one year -€77,272
down €77,272 (-22.2%), from €348,738 to €271,466
- Cash -€50,497
down €50,497 (-47.7%), from €105,974 to €55,477
mainly Trade debts (-€129,099) and Advances received (-€60,000)
- Tangible fixed assets -€33,900
down €33,900 (-12.5%), from €270,632 to €236,732
of which Leasing and similar rights: -€53,956
Equity and liabilities
- Trade debts -€129,099
down €129,099 (-76.0%), from €169,816 to €40,717
- Advances received -€60,000
no longer reported in 2025 (was €60,000)
- Debts after one year -€42,236
down €42,236 (-25.0%), from €168,831 to €126,595
- Tax, wage and social debts -€39,289
down €39,289 (-42.5%), from €92,369 to €53,080
of which Taxes: -€42,156
Income statement
- Gross operating margin -€17,095
down €17,095 (-3.5%), from €492,900 to €475,805
- Depreciation -€9,214
down €9,214 (-14.0%), from €65,615 to €56,400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,123
Gross operating margin
-€17,095
Staff costs
+€1,234
Depreciation
+€9,214
Other operating charges
+€4,100
Financial income
-€174
Financial charges
+€609
Taxes
+€1,551
Deferred taxes and other
+€96
Result 2025
€4,658
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,656
Investment
-€22,500
Financing
-€41,653
Cash 2024
€105,974
From operations (derived)
+€13,656
Net result for the year
+€4,658
Depreciation
+€56,400
Receivables within one year
+€77,272
Deferred charges and accrued income
+€103,808
Provisions
-€96
Trade debts
-€129,099
Tax, wage and social debts
-€39,289
Advances received
-€60,000
Investment (derived)
-€22,500
Investment in fixed assets (net)
-€22,500
Financing
-€41,653
Debts after one year
-€42,236
Current portion of long-term debt
+€583
Cash 2025
€55,477
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €838,100 | €572,622 | -€265,478 | -31.7% |
| Fixed assets | 21/28 | €270,632 | €236,732 | -€33,900 | -12.5% |
| Tangible fixed assets | 22/27 | €270,632 | €236,732 | -€33,900 | -12.5% |
| Furniture and vehicles | 24 | €3,735 | €23,791 | +€20,055 | +537% |
| Leasing and similar rights | 25 | €266,897 | €212,941 | -€53,956 | -20.2% |
| Current assets | 29/58 | €567,467 | €335,890 | -€231,577 | -40.8% |
| Amounts receivable within one year | 40/41 | €348,738 | €271,466 | -€77,272 | -22.2% |
| Trade receivables | 40 | €348,738 | €271,466 | -€77,272 | -22.2% |
| Cash at bank and in hand | 54/58 | €105,974 | €55,477 | -€50,497 | -47.7% |
| Deferred charges and accrued income | 490/1 | €112,755 | €8,947 | -€103,808 | -92.1% |
| Total equity and liabilities | 10/49 | €838,100 | €572,622 | -€265,478 | -31.7% |
| Equity | 10/15 | €290,432 | €295,090 | +€4,658 | +1.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €259,445 | €264,103 | +€4,658 | +1.8% |
| Tax-exempt reserves | 132 | €45,000 | €44,713 | -€287 | -0.6% |
| Distributable reserves | 133 | €214,445 | €219,390 | +€4,945 | +2.3% |
| Provisions and deferred taxes | 16 | €15,000 | €14,904 | -€96 | -0.6% |
| Deferred taxes | 168 | €15,000 | €14,904 | -€96 | -0.6% |
| Amounts payable | 17/49 | €532,668 | €262,628 | -€270,040 | -50.7% |
| Amounts payable after more than one year | 17 | €168,831 | €126,595 | -€42,236 | -25.0% |
| Financial debts | 170/4 | €168,831 | €126,595 | -€42,236 | -25.0% |
| Amounts payable within one year | 42/48 | €363,837 | €136,033 | -€227,804 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €41,653 | €42,236 | +€583 | +1.4% |
| Trade debts | 44 | €169,816 | €40,717 | -€129,099 | -76.0% |
| Suppliers | 440/4 | €169,816 | €40,717 | -€129,099 | -76.0% |
| Advances received on contracts in progress | 46 | €60,000 | - | -€60,000 | |
| Taxes, remuneration and social security | 45 | €92,369 | €53,080 | -€39,289 | -42.5% |
| Taxes | 450/3 | €55,549 | €13,392 | -€42,156 | -75.9% |
| Remuneration and social security | 454/9 | €36,820 | €39,688 | +€2,868 | +7.8% |
| Non-recurring operating income | 76A | €31,018 | - | -€31,018 | |
| Remuneration, social security and pensions | 62 | €387,696 | €386,461 | -€1,234 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,615 | €56,400 | -€9,214 | -14.0% |
| Other operating charges | 640/8 | €25,383 | €21,283 | -€4,100 | -16.2% |
| Gross operating margin | 9900 | €492,900 | €475,805 | -€17,095 | -3.5% |
| Operating profit (loss) | 9901 | €14,206 | €11,660 | -€2,546 | -17.9% |
| Financial income | 75/76B | €175 | €1 | -€174 | -99.5% |
| Recurring financial income | 75 | €175 | €1 | -€174 | -99.5% |
| Financial charges | 65/66B | €4,358 | €3,749 | -€609 | -14.0% |
| Recurring financial charges | 65 | €4,358 | €3,749 | -€609 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €10,023 | €7,912 | -€2,111 | -21.1% |
| Transfer from deferred taxes | 780 | - | €96 | +€96 | |
| Income taxes | 67/77 | €4,900 | €3,349 | -€1,551 | -31.6% |
| Profit (loss) for the period | 9904 | €5,123 | €4,658 | -€465 | -9.1% |
| Transfer from tax-exempt reserves | 789 | - | €287 | +€287 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,123 | €4,945 | -€178 | -3.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.