Sad 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.
Sad Trans
Largest movements
- Tangible fixed assets -€16,907
down €16,907 (-43.4%), from €38,968 to €22,061
of which Furniture and vehicles: -€13,798
- Cash -€12,474
down €12,474 (-63.1%), from €19,776 to €7,302
mainly Net result for the year (-€27,589) and Trade debts (-€14,336)
- Receivables within one year -€8,796
down €8,796 (-10.6%), from €83,356 to €74,560
of which Trade receivables: -€10,013
- Financial fixed assets -€5,000
down €5,000 (-17.5%), from €28,520 to €23,520
- Profit (loss) carried forward -€27,589
down €27,589 (-81.2%), from €33,974 to €6,385
- Trade debts -€14,336
down €14,336 (-82.9%), from €17,283 to €2,948
- Other debts -€2,108
down €2,108 (-3.9%), from €54,068 to €51,960
- Gross operating margin -€91,447
down €91,447 (-43.9%), from €208,182 to €116,735
- Staff costs -€58,145
down €58,145 (-32.0%), from €181,892 to €123,748
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 | €170,620 | €127,443 | -€43,176 | -25.3% |
| Fixed assets | 21/28 | €67,488 | €45,581 | -€21,907 | -32.5% |
| Tangible fixed assets | 22/27 | €38,968 | €22,061 | -€16,907 | -43.4% |
| Plant, machinery and equipment | 23 | €7,971 | €4,862 | -€3,109 | -39.0% |
| Furniture and vehicles | 24 | €30,997 | €17,200 | -€13,798 | -44.5% |
| Financial fixed assets | 28 | €28,520 | €23,520 | -€5,000 | -17.5% |
| Current assets | 29/58 | €103,132 | €81,862 | -€21,270 | -20.6% |
| Amounts receivable within one year | 40/41 | €83,356 | €74,560 | -€8,796 | -10.6% |
| Trade receivables | 40 | €80,565 | €70,552 | -€10,013 | -12.4% |
| Other amounts receivable | 41 | €2,790 | €4,008 | +€1,217 | +43.6% |
| Cash at bank and in hand | 54/58 | €19,776 | €7,302 | -€12,474 | -63.1% |
| Total equity and liabilities | 10/49 | €170,620 | €127,443 | -€43,176 | -25.3% |
| Equity | 10/15 | €38,974 | €11,385 | -€27,589 | -70.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,974 | €6,385 | -€27,589 | -81.2% |
| Amounts payable | 17/49 | €131,646 | €116,058 | -€15,587 | -11.8% |
| Amounts payable within one year | 42/48 | €131,646 | €116,058 | -€15,587 | -11.8% |
| Trade debts | 44 | €17,283 | €2,948 | -€14,336 | -82.9% |
| Suppliers | 440/4 | €17,283 | €2,948 | -€14,336 | -82.9% |
| Taxes, remuneration and social security | 45 | €60,294 | €61,150 | +€856 | +1.4% |
| Taxes | 450/3 | €1,800 | €1,800 | = | 0.0% |
| Remuneration and social security | 454/9 | €58,494 | €59,350 | +€856 | +1.5% |
| Other amounts payable | 47/48 | €54,068 | €51,960 | -€2,108 | -3.9% |
| Remuneration, social security and pensions | 62 | €181,892 | €123,748 | -€58,145 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,907 | €16,907 | = | 0.0% |
| Other operating charges | 640/8 | €1,719 | €3,556 | +€1,837 | +107% |
| Gross operating margin | 9900 | €208,182 | €116,735 | -€91,447 | -43.9% |
| Operating profit (loss) | 9901 | €7,664 | -€27,475 | -€35,139 | |
| Financial income | 75/76B | €83 | - | -€83 | |
| Recurring financial income | 75 | €83 | - | -€83 | |
| Financial charges | 65/66B | €1,592 | €114 | -€1,478 | -92.8% |
| Recurring financial charges | 65 | €1,592 | €114 | -€1,478 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | €6,155 | -€27,589 | -€33,744 | |
| Income taxes | 67/77 | €1,682 | - | -€1,682 | |
| Profit (loss) for the period | 9904 | €4,473 | -€27,589 | -€32,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,473 | -€27,589 | -€32,062 |
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 19 October 2026 via checked.be.