STV - 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.
What changed
STV - TRANS
NACE 49.410, Freight transport by road
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€59,194
31-12-2024 · €67,390-€8,196
Equity
€1.6m
31-12-2024 · €1.6m+€59,194
Cash
€140,824
31-12-2024 · €145,235-€4,410
Balance sheet total
€2.9m
31-12-2024 · €3.9m-€1.0m
Largest movements
Assets
- Tangible fixed assets -€592,341
down €592,341 (-39.2%), from €1.5m to €918,177
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Deferred charges and accrued income +€43,244
up €43,244 (+113%), from €38,323 to €81,567
- Receivables within one year +€42,846
up €42,846 (+2.6%), from €1.6m to €1.7m
of which Trade receivables: +€253,229
Equity and liabilities
- Trade debts -€929,333
down €929,333 (-48.6%), from €1.9m to €983,165
- Tax, wage and social debts -€101,612
down €101,612 (-27.9%), from €364,246 to €262,634
of which Remuneration and social security: -€97,997
- Profit (loss) carried forward +€59,194
up €59,194 (+21.4%), from €276,793 to €335,987
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
Income statement
- Turnover -€989,112
down €989,112 (-13.3%), from €7.4m to €6.5m
- Goods and materials -€679,618
down €679,618 (-25.2%), from €2.7m to €2.0m
of which Purchases: -€684,657
- Services and other goods -€165,407
down €165,407 (-18.8%), from €882,060 to €716,653
- Depreciation -€123,022
down €123,022 (-15.7%), from €783,720 to €660,698
- Staff costs -€87,543
down €87,543 (-3.1%), from €2.9m to €2.8m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€67,390
Turnover
-€989,112
Other operating income
-€58,823
Goods and materials
+€679,618
Services and other goods
+€165,407
Staff costs
+€87,543
Depreciation
+€123,022
Other operating charges
-€7,484
Other operating items
-€25,488
Financial income
+€1,096
Financial charges
-€34
Taxes
+€16,061
Result 31-12-2025
€59,194
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€436,324
Investment
+€431,914
Financing
€0
Cash 31-12-2024
€145,235
From operations (derived)
-€436,324
Net result for the year
+€59,194
Depreciation
+€660,698
Stocks and contracts
+€10,819
Receivables within one year
-€42,846
Deferred charges and accrued income
-€43,244
Trade debts
-€929,333
Tax, wage and social debts
-€101,612
Other debts
-€50,000
Investment (derived)
+€431,914
Investment in fixed assets (net)
-€68,086
Current investments
+€500,000
Cash 31-12-2025
€140,824
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,887,469 | €2,865,719 | -€1.0m | -26.3% |
| Fixed assets | 21/28 | €1,521,035 | €928,424 | -€592,611 | -39.0% |
| Tangible fixed assets | 22/27 | €1,510,518 | €918,177 | -€592,341 | -39.2% |
| Furniture and vehicles | 24 | €1,510,518 | €918,177 | -€592,341 | -39.2% |
| Financial fixed assets | 28 | €10,517 | €10,247 | -€270 | -2.6% |
| Other financial fixed assets | 284/8 | €10,517 | €10,247 | -€270 | -2.6% |
| Amounts receivable and cash guarantees | 285/8 | €10,517 | €10,247 | -€270 | -2.6% |
| Current assets | 29/58 | €2,366,434 | €1,937,295 | -€429,139 | -18.1% |
| Stocks and contracts in progress | 3 | €35,723 | €24,904 | -€10,819 | -30.3% |
| Stocks | 30/36 | €35,723 | €24,904 | -€10,819 | -30.3% |
| Raw materials and consumables | 30/31 | €35,723 | €24,904 | -€10,819 | -30.3% |
| Amounts receivable within one year | 40/41 | €1,647,154 | €1,690,000 | +€42,846 | +2.6% |
| Trade receivables | 40 | €1,436,263 | €1,689,492 | +€253,229 | +17.6% |
| Other amounts receivable | 41 | €210,891 | €508 | -€210,383 | -99.8% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Other investments | 51/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €145,235 | €140,824 | -€4,410 | -3.0% |
| Deferred charges and accrued income | 490/1 | €38,323 | €81,567 | +€43,244 | +113% |
| Total equity and liabilities | 10/49 | €3,887,469 | €2,865,719 | -€1.0m | -26.3% |
| Equity | 10/15 | €1,560,725 | €1,619,919 | +€59,194 | +3.8% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €683,932 | €683,932 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €444,847 | €444,847 | = | 0.0% |
| Distributable reserves | 133 | €179,085 | €179,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,793 | €335,987 | +€59,194 | +21.4% |
| Amounts payable | 17/49 | €2,326,744 | €1,245,800 | -€1.1m | -46.5% |
| Amounts payable within one year | 42/48 | €2,326,744 | €1,245,800 | -€1.1m | -46.5% |
| Trade debts | 44 | €1,912,498 | €983,165 | -€929,333 | -48.6% |
| Suppliers | 440/4 | €1,912,498 | €983,165 | -€929,333 | -48.6% |
| Taxes, remuneration and social security | 45 | €364,246 | €262,634 | -€101,612 | -27.9% |
| Taxes | 450/3 | €41,438 | €37,823 | -€3,615 | -8.7% |
| Remuneration and social security | 454/9 | €322,808 | €224,811 | -€97,997 | -30.4% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Operating income | 70/76A | €7,798,759 | €6,725,336 | -€1.1m | -13.8% |
| Turnover | 70 | €7,449,941 | €6,460,830 | -€989,112 | -13.3% |
| Other operating income | 74 | €295,330 | €236,507 | -€58,823 | -19.9% |
| Non-recurring operating income | 76A | €53,488 | €28,000 | -€25,488 | -47.7% |
| Operating charges | 60/66A | €7,686,383 | €6,638,277 | -€1.0m | -13.6% |
| Goods for resale, raw materials and consumables | 60 | €2,701,334 | €2,021,716 | -€679,618 | -25.2% |
| Purchases | 600/8 | €2,695,555 | €2,010,897 | -€684,657 | -25.4% |
| Change in stocks: decrease (increase) | 609 | €5,780 | €10,819 | +€5,039 | +87.2% |
| Services and other goods | 61 | €882,060 | €716,653 | -€165,407 | -18.8% |
| Remuneration, social security and pensions | 62 | €2,856,274 | €2,768,731 | -€87,543 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783,720 | €660,698 | -€123,022 | -15.7% |
| Other operating charges | 640/8 | €462,995 | €470,480 | +€7,484 | +1.6% |
| Operating profit (loss) | 9901 | €112,376 | €87,059 | -€25,317 | -22.5% |
| Financial income | 75/76B | - | €1,096 | +€1,096 | |
| Recurring financial income | 75 | - | €1,096 | +€1,096 | |
| Income from financial fixed assets | 750 | - | €1,095 | +€1,095 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,226 | €3,260 | +€34 | +1.1% |
| Recurring financial charges | 65 | €3,226 | €3,260 | +€34 | +1.1% |
| Debt charges | 650 | €3,226 | - | -€3,226 | |
| Other financial charges | 652/9 | - | €3,260 | +€3,260 | |
| Profit (loss) for the period before taxes | 9903 | €109,151 | €84,894 | -€24,256 | -22.2% |
| Income taxes | 67/77 | €41,761 | €25,700 | -€16,061 | -38.5% |
| Taxes | 670/3 | €41,761 | €31,339 | -€10,421 | -25.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,639 | +€5,639 | |
| Profit (loss) for the period | 9904 | €67,390 | €59,194 | -€8,196 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,390 | €59,194 | -€8,196 | -12.2% |
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.