TOCATRANS: 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
TOCATRANS
NACE 49.410, Freight transport by road
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€48,501
2024 · -€90,753+€42,252
Equity
€77,388
2024 · €125,889-€48,501
Cash
€5,572
2024 · €18,235-€12,663
Balance sheet total
€2.4m
2024 · €517,054+€1.9m
Largest movements
Assets
- Financial fixed assets +€1.9m
up €1.9m (+130157.4%), from €1,487 to €1.9m
Equity and liabilities
- Other debts +€1.9m
new in 2025: €1.9m
- Profit (loss) carried forward -€48,501
down €48,501 (-64.4%), from -€75,311 to -€123,812
- Trade debts +€44,247
up €44,247 (+15.0%), from €294,569 to €338,816
- Debts after one year -€29,130
down €29,130 (-100.0%), from €29,130 to €0
Income statement
- Gross operating margin +€68,732
up €68,732 (+23.5%), from €292,430 to €361,162
- Staff costs +€27,824
up €27,824 (+7.9%), from €350,662 to €378,486
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
-€90,753
Gross operating margin
+€68,732
Staff costs
-€27,824
Depreciation
-€744
Other operating charges
-€511
Financial income
-€90
Financial charges
+€2,615
Taxes
+€74
Result 2025
-€48,501
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.
From operations
+€2.0m
Investment
-€1.9m
Financing
-€35,004
Cash 2024
€18,235
From operations (derived)
+€2.0m
Net result for the year
-€48,501
Depreciation
+€21,472
Receivables within one year
+€9,668
Smaller working-capital items
+€2,580
Trade debts
+€44,247
Tax, wage and social debts
-€6,725
Other debts
+€1.9m
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
-€35,004
Debts after one year
-€29,130
Current portion of long-term debt
-€5,874
Cash 2025
€5,572
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €517,054 | €2,405,950 | +€1.9m | +365.3% |
| Fixed assets | 21/28 | €481,159 | €2,395,088 | +€1.9m | +397.8% |
| Tangible fixed assets | 22/27 | €479,672 | €458,200 | -€21,472 | -4.5% |
| Land and buildings | 22 | €415,527 | €415,527 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,796 | €6,599 | -€8,197 | -55.4% |
| Furniture and vehicles | 24 | €46,990 | €34,835 | -€12,154 | -25.9% |
| Other tangible fixed assets | 26 | €2,360 | €1,238 | -€1,121 | -47.5% |
| Financial fixed assets | 28 | €1,487 | €1,936,888 | +€1.9m | +130157.4% |
| Current assets | 29/58 | €35,895 | €10,863 | -€25,032 | -69.7% |
| Amounts receivable within one year | 40/41 | €14,959 | €5,291 | -€9,668 | -64.6% |
| Trade receivables | 40 | €0 | €291 | +€291 | |
| Other amounts receivable | 41 | €14,959 | €5,000 | -€9,959 | -66.6% |
| Cash at bank and in hand | 54/58 | €18,235 | €5,572 | -€12,663 | -69.4% |
| Deferred charges and accrued income | 490/1 | €2,701 | €0 | -€2,701 | -100.0% |
| Total equity and liabilities | 10/49 | €517,054 | €2,405,950 | +€1.9m | +365.3% |
| Equity | 10/15 | €125,889 | €77,388 | -€48,501 | -38.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €139,200 | €139,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €98,000 | €98,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,311 | -€123,812 | -€48,501 | -64.4% |
| Amounts payable | 17/49 | €391,165 | €2,328,563 | +€1.9m | +495.3% |
| Amounts payable after more than one year | 17 | €29,130 | €0 | -€29,130 | -100.0% |
| Financial debts | 170/4 | €29,130 | €0 | -€29,130 | -100.0% |
| Amounts payable within one year | 42/48 | €361,914 | €2,328,563 | +€2.0m | +543.4% |
| Current portion of amounts payable after more than one year | 42 | €35,004 | €29,130 | -€5,874 | -16.8% |
| Trade debts | 44 | €294,569 | €338,816 | +€44,247 | +15.0% |
| Suppliers | 440/4 | €294,569 | €338,816 | +€44,247 | +15.0% |
| Taxes, remuneration and social security | 45 | €32,341 | €25,615 | -€6,725 | -20.8% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €32,341 | €25,615 | -€6,725 | -20.8% |
| Other amounts payable | 47/48 | - | €1,935,001 | +€1.9m | |
| Accrued charges and deferred income | 492/3 | €121 | €0 | -€121 | -100.0% |
| Remuneration, social security and pensions | 62 | €350,662 | €378,486 | +€27,824 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,728 | €21,472 | +€744 | +3.6% |
| Other operating charges | 640/8 | €7,023 | €7,534 | +€511 | +7.3% |
| Gross operating margin | 9900 | €292,430 | €361,162 | +€68,732 | +23.5% |
| Operating profit (loss) | 9901 | -€85,983 | -€46,330 | +€39,653 | +46.1% |
| Financial income | 75/76B | €90 | €0 | -€90 | -100.0% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -100.0% |
| Financial charges | 65/66B | €4,786 | €2,171 | -€2,615 | -54.6% |
| Recurring financial charges | 65 | €4,786 | €2,171 | -€2,615 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | -€90,679 | -€48,501 | +€42,178 | +46.5% |
| Income taxes | 67/77 | €74 | €0 | -€74 | -100.0% |
| Profit (loss) for the period | 9904 | -€90,753 | -€48,501 | +€42,252 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,753 | -€48,501 | +€42,252 | +46.6% |
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 9 October 2026 via checked.be.