TRAFFIC & TRADING: 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.
TRAFFIC & TRADING
Largest movements
- Receivables within one year -€13,726
down €13,726 (-10.0%), from €136,852 to €123,126
of which Other amounts receivable: -€29,113
- Tangible fixed assets +€13,549
up €13,549 (+43.6%), from €31,087 to €44,635
of which Furniture and vehicles: +€15,168
- Cash +€12,435
up €12,435 (+91.0%), from €13,660 to €26,094
mainly Depreciation (+€25,751) and Net result for the year (+€14,228)
- Reserves +€14,228
new in 2025: €14,228
- Tax, wage and social debts -€13,487
down €13,487 (-87.8%), from €15,365 to €1,879
- Trade debts +€12,628
up €12,628 (+24.8%), from €50,911 to €63,539
- Gross operating margin +€58,513
up €58,513 (+178%), from €32,869 to €91,383
- Staff costs +€29,273
new in 2025: €29,273
- Depreciation +€8,480
up €8,480 (+49.1%), from €17,271 to €25,751
- Taxes +€6,497
up €6,497 (+184%), from €3,522 to €10,019
- Other operating charges +€4,813
up €4,813 (+150%), from €3,203 to €8,017
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 | €182,338 | €194,596 | +€12,257 | +6.7% |
| Fixed assets | 21/28 | €31,826 | €45,375 | +€13,549 | +42.6% |
| Tangible fixed assets | 22/27 | €31,087 | €44,635 | +€13,549 | +43.6% |
| Plant, machinery and equipment | 23 | €1,619 | €0 | -€1,619 | -100% |
| Furniture and vehicles | 24 | €29,468 | €44,635 | +€15,168 | +51.5% |
| Financial fixed assets | 28 | €740 | €740 | = | 0.0% |
| Current assets | 29/58 | €150,512 | €149,221 | -€1,291 | -0.9% |
| Amounts receivable within one year | 40/41 | €136,852 | €123,126 | -€13,726 | -10.0% |
| Trade receivables | 40 | €79,821 | €95,208 | +€15,387 | +19.3% |
| Other amounts receivable | 41 | €57,031 | €27,918 | -€29,113 | -51.0% |
| Cash at bank and in hand | 54/58 | €13,660 | €26,094 | +€12,435 | +91.0% |
| Total equity and liabilities | 10/49 | €182,338 | €194,596 | +€12,257 | +6.7% |
| Equity | 10/15 | €114,909 | €129,137 | +€14,228 | +12.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | - | €14,228 | +€14,228 | |
| Distributable reserves | 133 | - | €14,228 | +€14,228 | |
| Profit (loss) carried forward | 14 | €94,449 | €94,449 | = | 0.0% |
| Amounts payable | 17/49 | €67,430 | €65,459 | -€1,971 | -2.9% |
| Amounts payable within one year | 42/48 | €67,430 | €65,417 | -€2,012 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €1,153 | €0 | -€1,153 | -100% |
| Trade debts | 44 | €50,911 | €63,539 | +€12,628 | +24.8% |
| Suppliers | 440/4 | €50,911 | €63,539 | +€12,628 | +24.8% |
| Taxes, remuneration and social security | 45 | €15,365 | €1,879 | -€13,487 | -87.8% |
| Taxes | 450/3 | €15,365 | €1,879 | -€13,487 | -87.8% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Non-recurring operating income | 76A | - | €5,495 | +€5,495 | |
| Remuneration, social security and pensions | 62 | - | €29,273 | +€29,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,271 | €25,751 | +€8,480 | +49.1% |
| Other operating charges | 640/8 | €3,203 | €8,017 | +€4,813 | +150% |
| Gross operating margin | 9900 | €32,869 | €91,383 | +€58,513 | +178% |
| Operating profit (loss) | 9901 | €12,395 | €28,342 | +€15,947 | +129% |
| Financial income | 75/76B | €188 | €7 | -€181 | -96.2% |
| Recurring financial income | 75 | €188 | €7 | -€181 | -96.2% |
| Financial charges | 65/66B | €6,565 | €4,102 | -€2,464 | -37.5% |
| Recurring financial charges | 65 | €6,565 | €4,102 | -€2,464 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €6,018 | €24,247 | +€18,230 | +303% |
| Income taxes | 67/77 | €3,522 | €10,019 | +€6,497 | +184% |
| Profit (loss) for the period | 9904 | €2,496 | €14,228 | +€11,733 | +470% |
| Profit (loss) for the period to be appropriated | 9905 | €2,496 | €14,228 | +€11,733 | +470% |
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 15 October 2026 via checked.be.