TERMINAL ATHUS: 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
TERMINAL ATHUS
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€554,088
2024 · €663,212-€109,124
Equity
€19.2m
2024 · €19.3m-€45,912
Cash
€6.7m
2024 · €2.0m+€4.6m
Balance sheet total
€31.7m
2024 · €31.7m-€17,572
Largest movements
Assets
- Cash +€4.6m
up €4.6m (+228%), from €2.0m to €6.7m
mainly Current investments (+€2.9m) and Depreciation (+€1.3m)
- Current investments -€2.9m
down €2.9m (-35.0%), from €8.4m to €5.5m
of which Other investments: -€2.9m
- Receivables within one year -€1.1m
down €1.1m (-15.5%), from €7.3m to €6.1m
of which Other amounts receivable: -€1.1m
- Tangible fixed assets -€913,554
down €913,554 (-8.0%), from €11.4m to €10.4m
of which Furniture and vehicles: -€936,854
Equity and liabilities
- Debts after one year -€714,200
down €714,200 (-10.0%), from €7.1m to €6.4m
- Other debts +€650,995
up €650,995 (+130%), from €500,000 to €1.2m
- Provisions -€430,391
down €430,391 (-56.7%), from €758,465 to €328,074
of which Provisions for liabilities and charges: -€404,289
- Trade debts +€379,125
up €379,125 (+14.0%), from €2.7m to €3.1m
Income statement
- Turnover +€4.5m
up €4.5m (+14.5%), from €30.7m to €35.2m
- Goods and materials +€3.7m
up €3.7m (+17.1%), from €21.6m to €25.3m
- Services and other goods +€1.2m
up €1.2m (+31.0%), from €3.8m to €4.9m
- Provisions -€413,578
down €413,578, from €9,289 to -€404,289
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.
Result 2024
€663,212
Turnover
+€4.5m
Other operating income
-€110,750
Goods and materials
-€3.7m
Services and other goods
-€1.2m
Staff costs
-€194,053
Depreciation
-€12,438
Write-downs
-€13,758
Provisions
+€413,578
Other operating charges
+€14,472
Other operating items
-€124,365
Financial income
+€225,640
Financial charges
+€75,493
Taxes
-€39,602
Deferred taxes and other
+€51,191
Result 2025
€554,088
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.7m
Investment
+€2.3m
Financing
-€1.4m
Cash 2024
€2.0m
From operations (derived)
+€3.7m
Net result for the year
+€554,088
Depreciation
+€1.3m
Receivables within one year
+€1.1m
Deferred charges and accrued income
-€101,597
Provisions
-€430,391
Trade debts
+€379,125
Tax, wage and social debts
+€223,598
Other debts
+€650,995
Accrued charges and deferred income
+€752
Investment (derived)
+€2.3m
Investment in fixed assets (net)
-€639,538
Current investments
+€2.9m
Financing
-€1.4m
Debts after one year
-€714,200
Current portion of long-term debt
-€81,539
Contributions, distributions and other
-€600,000
Cash 2025
€6.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,730,203 | €31,712,631 | -€17,572 | -0.1% |
| Fixed assets | 21/28 | €13,876,690 | €13,202,775 | -€673,915 | -4.9% |
| Intangible fixed assets | 21 | €134,832 | €319,311 | +€184,479 | +137% |
| Tangible fixed assets | 22/27 | €11,351,995 | €10,438,441 | -€913,554 | -8.0% |
| Land and buildings | 22 | €2,337 | €2,337 | = | 0.0% |
| Plant, machinery and equipment | 23 | €24,932 | €13,068 | -€11,864 | -47.6% |
| Furniture and vehicles | 24 | €10,547,590 | €9,610,736 | -€936,854 | -8.9% |
| Leasing and similar rights | 25 | €78,000 | €0 | -€78,000 | -100% |
| Other tangible fixed assets | 26 | €463,175 | €448,190 | -€14,985 | -3.2% |
| Assets under construction and advance payments | 27 | €235,961 | €364,110 | +€128,149 | +54.3% |
| Financial fixed assets | 28 | €2,389,863 | €2,445,023 | +€55,160 | +2.3% |
| Affiliated companies | 280/1 | €2,389,502 | €2,444,662 | +€55,160 | +2.3% |
| Participating interests | 280 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts receivable | 281 | €389,502 | €444,662 | +€55,160 | +14.2% |
| Other financial fixed assets | 284/8 | €361 | €361 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €361 | €361 | = | 0.0% |
| Current assets | 29/58 | €17,853,513 | €18,509,856 | +€656,343 | +3.7% |
| Amounts receivable within one year | 40/41 | €7,280,233 | €6,149,233 | -€1.1m | -15.5% |
| Trade receivables | 40 | €5,396,974 | €5,409,637 | +€12,663 | +0.2% |
| Other amounts receivable | 41 | €1,883,259 | €739,596 | -€1.1m | -60.7% |
| Current investments | 50/53 | €8,410,700 | €5,470,000 | -€2.9m | -35.0% |
| Own shares | 50 | €470,000 | €470,000 | = | 0.0% |
| Other investments | 51/53 | €7,940,700 | €5,000,000 | -€2.9m | -37.0% |
| Cash at bank and in hand | 54/58 | €2,027,905 | €6,654,351 | +€4.6m | +228% |
| Deferred charges and accrued income | 490/1 | €134,675 | €236,272 | +€101,597 | +75.4% |
| Total equity and liabilities | 10/49 | €31,730,203 | €31,712,631 | -€17,572 | -0.1% |
| Equity | 10/15 | €19,250,702 | €19,204,790 | -€45,912 | -0.2% |
| Contributions | 10/11 | €776,110 | €776,110 | = | 0.0% |
| Capital | 10 | €612,500 | €612,500 | = | 0.0% |
| Issued capital | 100 | €612,500 | €612,500 | = | 0.0% |
| Contributions outside capital | 11 | €163,610 | €163,610 | = | 0.0% |
| Share premium | 1100/10 | €163,610 | €163,610 | = | 0.0% |
| Reserves | 13 | €6,200,364 | €6,125,217 | -€75,147 | -1.2% |
| Non-distributable reserves | 130/1 | €531,250 | €531,250 | = | 0.0% |
| Legal reserve | 130 | €61,250 | €61,250 | = | 0.0% |
| Own shares acquired | 1312 | €470,000 | €470,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,384,441 | €1,467,294 | -€917,147 | -38.5% |
| Distributable reserves | 133 | €3,284,673 | €4,126,673 | +€842,000 | +25.6% |
| Profit (loss) carried forward | 14 | €12,274,228 | €12,303,463 | +€29,235 | +0.2% |
| Provisions and deferred taxes | 16 | €758,465 | €328,074 | -€430,391 | -56.7% |
| Provisions for liabilities and charges | 160/5 | €621,289 | €217,000 | -€404,289 | -65.1% |
| Major repairs and maintenance | 162 | €621,289 | €217,000 | -€404,289 | -65.1% |
| Deferred taxes | 168 | €137,176 | €111,074 | -€26,102 | -19.0% |
| Amounts payable | 17/49 | €11,721,036 | €12,179,767 | +€458,731 | +3.9% |
| Amounts payable after more than one year | 17 | €7,142,000 | €6,427,800 | -€714,200 | -10.0% |
| Financial debts | 170/4 | €7,142,000 | €6,427,800 | -€714,200 | -10.0% |
| Credit institutions | 173 | €7,142,000 | €6,427,800 | -€714,200 | -10.0% |
| Amounts payable within one year | 42/48 | €4,571,474 | €5,743,653 | +€1.2m | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €795,739 | €714,200 | -€81,539 | -10.2% |
| Trade debts | 44 | €2,715,588 | €3,094,713 | +€379,125 | +14.0% |
| Suppliers | 440/4 | €2,715,588 | €3,094,713 | +€379,125 | +14.0% |
| Taxes, remuneration and social security | 45 | €560,147 | €783,745 | +€223,598 | +39.9% |
| Taxes | 450/3 | €11,752 | €195,866 | +€184,114 | +1,567% |
| Remuneration and social security | 454/9 | €548,395 | €587,879 | +€39,484 | +7.2% |
| Other amounts payable | 47/48 | €500,000 | €1,150,995 | +€650,995 | +130% |
| Accrued charges and deferred income | 492/3 | €7,562 | €8,314 | +€752 | +9.9% |
| Operating income | 70/76A | €31,217,540 | €35,433,415 | +€4.2m | +13.5% |
| Turnover | 70 | €30,740,784 | €35,200,068 | +€4.5m | +14.5% |
| Other operating income | 74 | €314,986 | €204,236 | -€110,750 | -35.2% |
| Non-recurring operating income | 76A | €161,770 | €29,111 | -€132,659 | -82.0% |
| Operating charges | 60/66A | €30,617,270 | €35,254,991 | +€4.6m | +15.1% |
| Goods for resale, raw materials and consumables | 60 | €21,570,099 | €25,255,898 | +€3.7m | +17.1% |
| Purchases | 600/8 | €21,570,099 | €25,255,898 | +€3.7m | +17.1% |
| Services and other goods | 61 | €3,765,487 | €4,933,504 | +€1.2m | +31.0% |
| Remuneration, social security and pensions | 62 | €3,938,370 | €4,132,423 | +€194,053 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,301,015 | €1,313,453 | +€12,438 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,106 | €20,864 | +€13,758 | +194% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,289 | -€404,289 | -€413,578 | |
| Other operating charges | 640/8 | €17,610 | €3,138 | -€14,472 | -82.2% |
| Non-recurring operating charges | 66A | €8,294 | - | -€8,294 | |
| Operating profit (loss) | 9901 | €600,270 | €178,424 | -€421,846 | -70.3% |
| Financial income | 75/76B | €504,040 | €729,680 | +€225,640 | +44.8% |
| Recurring financial income | 75 | €504,040 | €729,680 | +€225,640 | +44.8% |
| Income from financial fixed assets | 750 | €12,986 | €17,231 | +€4,245 | +32.7% |
| Income from current assets | 751 | €479,495 | €710,679 | +€231,184 | +48.2% |
| Other financial income | 752/9 | €11,559 | €1,770 | -€9,789 | -84.7% |
| Financial charges | 65/66B | €201,098 | €125,605 | -€75,493 | -37.5% |
| Recurring financial charges | 65 | €201,098 | €125,605 | -€75,493 | -37.5% |
| Debt charges | 650 | €102,619 | €95,237 | -€7,382 | -7.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €59,300 | €1,129 | -€58,171 | -98.1% |
| Other financial charges | 652/9 | €39,179 | €29,239 | -€9,940 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €903,212 | €782,499 | -€120,713 | -13.4% |
| Transfer from deferred taxes | 780 | €14,912 | €26,103 | +€11,191 | +75.0% |
| Transfer to deferred taxes | 680 | €40,000 | - | -€40,000 | |
| Income taxes | 67/77 | €214,912 | €254,514 | +€39,602 | +18.4% |
| Taxes | 670/3 | €217,698 | €254,514 | +€36,816 | +16.9% |
| Tax adjustments and reversals of tax provisions | 77 | €2,786 | - | -€2,786 | |
| Profit (loss) for the period | 9904 | €663,212 | €554,088 | -€109,124 | -16.5% |
| Transfer from tax-exempt reserves | 789 | €125,776 | €917,147 | +€791,371 | +629% |
| Transfer to tax-exempt reserves | 689 | €120,000 | - | -€120,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €668,988 | €1,471,235 | +€802,247 | +120% |
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 20 October 2026 via checked.be.