TB TRANSPORT & Co: 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.
TB TRANSPORT & Co
Largest movements
- Tangible fixed assets -€62,633
down €62,633 (-86.0%), from €72,800 to €10,167
of which Furniture and vehicles: -€61,885
- Receivables within one year +€19,442
up €19,442 (+8.2%), from €236,845 to €256,287
of which Other amounts receivable: +€76,515
- Deferred charges and accrued income +€12,973
up €12,973 (+711%), from €1,826 to €14,799
- Cash +€11,502
new in 2025: €11,502
mainly Investment in fixed assets (net) (+€59,896) and Trade debts (+€5,407)
- Tax, wage and social debts -€21,470
down €21,470 (-17.3%), from €124,019 to €102,549
of which Taxes: -€17,614
- Debts after one year -€6,123
down €6,123 (-50.8%), from €12,054 to €5,932
- Trade debts +€5,407
up €5,407 (+4.6%), from €118,828 to €124,235
- Profit (loss) carried forward +€4,458
up €4,458 (+17.2%), from €25,882 to €30,340
- Staff costs -€160,712
down €160,712 (-23.0%), from €699,507 to €538,795
- Gross operating margin -€157,030
down €157,030 (-21.4%), from €732,322 to €575,292
- Depreciation -€21,559
down €21,559 (-89.5%), from €24,082 to €2,523
- Financial charges +€8,825
up €8,825 (+218%), from €4,049 to €12,874
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 | €346,024 | €327,522 | -€18,502 | -5.3% |
| Fixed assets | 21/28 | €107,353 | €44,934 | -€62,419 | -58.1% |
| Tangible fixed assets | 22/27 | €72,800 | €10,167 | -€62,633 | -86.0% |
| Plant, machinery and equipment | 23 | €2,292 | €1,543 | -€748 | -32.7% |
| Furniture and vehicles | 24 | €70,509 | €8,624 | -€61,885 | -87.8% |
| Financial fixed assets | 28 | €34,553 | €34,766 | +€214 | +0.6% |
| Current assets | 29/58 | €238,671 | €282,588 | +€43,917 | +18.4% |
| Amounts receivable within one year | 40/41 | €236,845 | €256,287 | +€19,442 | +8.2% |
| Trade receivables | 40 | €161,521 | €104,448 | -€57,073 | -35.3% |
| Other amounts receivable | 41 | €75,324 | €151,840 | +€76,515 | +102% |
| Cash at bank and in hand | 54/58 | - | €11,502 | +€11,502 | |
| Deferred charges and accrued income | 490/1 | €1,826 | €14,799 | +€12,973 | +711% |
| Total equity and liabilities | 10/49 | €346,024 | €327,522 | -€18,502 | -5.3% |
| Equity | 10/15 | €44,882 | €49,340 | +€4,458 | +9.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,882 | €30,340 | +€4,458 | +17.2% |
| Amounts payable | 17/49 | €301,142 | €278,182 | -€22,960 | -7.6% |
| Amounts payable after more than one year | 17 | €12,054 | €5,932 | -€6,123 | -50.8% |
| Financial debts | 170/4 | €12,054 | €5,932 | -€6,123 | -50.8% |
| Amounts payable within one year | 42/48 | €289,088 | €272,251 | -€16,837 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €7,121 | €5,709 | -€1,411 | -19.8% |
| Financial debts | 43 | €39,120 | €38,358 | -€762 | -1.9% |
| Credit institutions | 430/8 | €39,120 | €38,358 | -€762 | -1.9% |
| Trade debts | 44 | €118,828 | €124,235 | +€5,407 | +4.6% |
| Suppliers | 440/4 | €118,828 | €124,235 | +€5,407 | +4.6% |
| Taxes, remuneration and social security | 45 | €124,019 | €102,549 | -€21,470 | -17.3% |
| Taxes | 450/3 | €71,031 | €53,417 | -€17,614 | -24.8% |
| Remuneration and social security | 454/9 | €52,988 | €49,132 | -€3,856 | -7.3% |
| Other amounts payable | 47/48 | - | €1,400 | +€1,400 | |
| Non-recurring operating income | 76A | €3,608 | €47,954 | +€44,345 | +1,229% |
| Remuneration, social security and pensions | 62 | €699,507 | €538,795 | -€160,712 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,082 | €2,523 | -€21,559 | -89.5% |
| Other operating charges | 640/8 | €12,772 | €10,663 | -€2,110 | -16.5% |
| Non-recurring operating charges | 66A | - | €12,190 | +€12,190 | |
| Gross operating margin | 9900 | €732,322 | €575,292 | -€157,030 | -21.4% |
| Operating profit (loss) | 9901 | -€4,040 | €11,121 | +€15,161 | |
| Financial income | 75/76B | €6,754 | €6,211 | -€543 | -8.0% |
| Recurring financial income | 75 | €6,754 | €6,211 | -€543 | -8.0% |
| Financial charges | 65/66B | €4,049 | €12,874 | +€8,825 | +218% |
| Recurring financial charges | 65 | €4,049 | €12,874 | +€8,825 | +218% |
| Profit (loss) for the period before taxes | 9903 | -€1,335 | €4,458 | +€5,792 | |
| Profit (loss) for the period | 9904 | -€1,335 | €4,458 | +€5,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,335 | €4,458 | +€5,792 |
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 1 November 2026 via checked.be.