SO TRANS: what changed
Two fiscal 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.
SO TRANS
Largest movements
- Receivables within one year +€145,174
up €145,174 (+35.6%), from €408,252 to €553,426
of which Trade receivables: +€132,957
- Cash -€57,422
down €57,422 (-74.6%), from €77,023 to €19,601
mainly Receivables within one year (-€145,174) and Debts after one year (-€3,063)
- Trade debts +€47,296
up €47,296 (+19.8%), from €238,579 to €285,875
- Tax, wage and social debts +€19,795
up €19,795 (+42.7%), from €46,382 to €66,178
of which Taxes: +€16,851
- Advances received +€12,277
up €12,277 (+25.8%), from €47,528 to €59,805
- Reserves +€8,560
new in 2025: €8,560
- Turnover -€828,947
no longer reported in 2025 (was €828,947)
- Purchases and services -€752,507
no longer reported in 2025 (was €752,507)
- Gross operating margin +€20,262
up €20,262 (+22.2%), from €91,200 to €111,461
- Staff costs +€12,641
up €12,641 (+28.4%), from €44,532 to €57,174
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,182 | €573,027 | +€82,845 | +16.9% |
| Fixed assets | 21/28 | €4,908 | - | -€4,908 | |
| Tangible fixed assets | 22/27 | €4,908 | - | -€4,908 | |
| Leasing and similar rights | 25 | €4,908 | - | -€4,908 | |
| Current assets | 29/58 | €485,275 | €573,027 | +€87,752 | +18.1% |
| Amounts receivable within one year | 40/41 | €408,252 | €553,426 | +€145,174 | +35.6% |
| Trade receivables | 40 | €389,560 | €522,516 | +€132,957 | +34.1% |
| Other amounts receivable | 41 | €18,692 | €30,910 | +€12,218 | +65.4% |
| Cash at bank and in hand | 54/58 | €77,023 | €19,601 | -€57,422 | -74.6% |
| Total equity and liabilities | 10/49 | €490,182 | €573,027 | +€82,845 | +16.9% |
| Equity | 10/15 | €144,393 | €153,048 | +€8,656 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €8,560 | +€8,560 | |
| Distributable reserves | 133 | - | €8,560 | +€8,560 | |
| Profit (loss) carried forward | 14 | €125,793 | €125,888 | +€95 | +0.1% |
| Amounts payable | 17/49 | €345,790 | €419,979 | +€74,189 | +21.5% |
| Amounts payable after more than one year | 17 | €3,063 | - | -€3,063 | |
| Financial debts | 170/4 | €3,063 | - | -€3,063 | |
| Amounts payable within one year | 42/48 | €342,727 | €419,979 | +€77,252 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €3,237 | €3,063 | -€174 | -5.4% |
| Trade debts | 44 | €238,579 | €285,875 | +€47,296 | +19.8% |
| Suppliers | 440/4 | €238,579 | €285,875 | +€47,296 | +19.8% |
| Advances received on contracts in progress | 46 | €47,528 | €59,805 | +€12,277 | +25.8% |
| Taxes, remuneration and social security | 45 | €46,382 | €66,178 | +€19,795 | +42.7% |
| Taxes | 450/3 | €38,786 | €55,637 | +€16,851 | +43.4% |
| Remuneration and social security | 454/9 | €7,596 | €10,541 | +€2,944 | +38.8% |
| Other amounts payable | 47/48 | €7,000 | €5,058 | -€1,942 | -27.7% |
| Turnover | 70 | €828,947 | - | -€828,947 | |
| Goods, raw materials, services and sundry goods | 60/61 | €752,507 | - | -€752,507 | |
| Remuneration, social security and pensions | 62 | €44,532 | €57,174 | +€12,641 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,709 | €4,908 | -€801 | -14.0% |
| Other operating charges | 640/8 | €13,923 | €19,971 | +€6,048 | +43.4% |
| Gross operating margin | 9900 | €91,200 | €111,461 | +€20,262 | +22.2% |
| Operating profit (loss) | 9901 | €27,036 | €29,409 | +€2,373 | +8.8% |
| Financial income | 75/76B | €315 | €851 | +€536 | +170.2% |
| Recurring financial income | 75 | €315 | €851 | +€536 | +170.2% |
| Financial charges | 65/66B | €1,083 | €365 | -€719 | -66.3% |
| Recurring financial charges | 65 | €1,083 | €365 | -€719 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €26,268 | €29,896 | +€3,628 | +13.8% |
| Income taxes | 67/77 | €15,912 | €21,241 | +€5,329 | +33.5% |
| Profit (loss) for the period | 9904 | €10,356 | €8,656 | -€1,701 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,356 | €8,656 | -€1,701 | -16.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.