TRAINSERVICE.BE: 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.
TRAINSERVICE.BE
Largest movements
- Receivables within one year +€4,440
up €4,440 (+45.4%), from €9,773 to €14,213
of which Trade receivables: +€5,925
- Tangible fixed assets +€1,205
up €1,205 (+32.0%), from €3,769 to €4,975
of which Plant, machinery and equipment: +€2,992
- Cash +€637
up €637 (+126%), from €505 to €1,142
mainly Trade debts (+€4,714) and Tax, wage and social debts (+€4,694)
- Trade debts +€4,714
up €4,714 (+14.7%), from €32,015 to €36,729
- Tax, wage and social debts +€4,694
up €4,694 (+452%), from €1,039 to €5,734
of which Remuneration and social security: +€2,724
- Profit (loss) carried forward -€2,861
down €2,861 (-4.4%), from -€65,522 to -€68,383
- Staff costs +€34,989
new in 2025: €34,989
- Gross operating margin +€33,381
up €33,381 (+2,084%), from €1,602 to €34,983
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 | €15,173 | €21,721 | +€6,547 | +43.1% |
| Fixed assets | 21/28 | €4,719 | €6,135 | +€1,415 | +30.0% |
| Tangible fixed assets | 22/27 | €3,769 | €4,975 | +€1,205 | +32.0% |
| Plant, machinery and equipment | 23 | - | €2,992 | +€2,992 | |
| Furniture and vehicles | 24 | €3,769 | €1,983 | -€1,786 | -47.4% |
| Financial fixed assets | 28 | €950 | €1,160 | +€210 | +22.1% |
| Current assets | 29/58 | €10,454 | €15,586 | +€5,132 | +49.1% |
| Amounts receivable within one year | 40/41 | €9,773 | €14,213 | +€4,440 | +45.4% |
| Trade receivables | 40 | €447 | €6,372 | +€5,925 | +1,326% |
| Other amounts receivable | 41 | €9,326 | €7,841 | -€1,485 | -15.9% |
| Cash at bank and in hand | 54/58 | €505 | €1,142 | +€637 | +126% |
| Deferred charges and accrued income | 490/1 | €176 | €230 | +€55 | +31.1% |
| Total equity and liabilities | 10/49 | €15,173 | €21,721 | +€6,547 | +43.1% |
| Equity | 10/15 | -€23,572 | -€26,433 | -€2,861 | -12.1% |
| Contributions | 10/11 | €17,700 | €17,700 | = | 0.0% |
| Reserves | 13 | €24,250 | €24,250 | = | 0.0% |
| Distributable reserves | 133 | €24,250 | €24,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,522 | -€68,383 | -€2,861 | -4.4% |
| Amounts payable | 17/49 | €38,745 | €48,154 | +€9,408 | +24.3% |
| Amounts payable within one year | 42/48 | €38,745 | €48,154 | +€9,408 | +24.3% |
| Financial debts | 43 | €1,713 | €1,713 | = | 0.0% |
| Credit institutions | 430/8 | €1,713 | €1,713 | = | 0.0% |
| Trade debts | 44 | €32,015 | €36,729 | +€4,714 | +14.7% |
| Suppliers | 440/4 | €32,015 | €36,729 | +€4,714 | +14.7% |
| Taxes, remuneration and social security | 45 | €1,039 | €5,734 | +€4,694 | +452% |
| Taxes | 450/3 | €1,039 | €3,010 | +€1,970 | +190% |
| Remuneration and social security | 454/9 | - | €2,724 | +€2,724 | |
| Other amounts payable | 47/48 | €3,978 | €3,978 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €34,989 | +€34,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,172 | €2,152 | -€19 | -0.9% |
| Other operating charges | 640/8 | €530 | €434 | -€95 | -18.0% |
| Non-recurring operating charges | 66A | €193 | €152 | -€41 | -21.2% |
| Gross operating margin | 9900 | €1,602 | €34,983 | +€33,381 | +2,084% |
| Operating profit (loss) | 9901 | -€1,293 | -€2,745 | -€1,453 | -112% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €55 | €116 | +€61 | +110% |
| Recurring financial charges | 65 | €55 | €116 | +€61 | +110% |
| Profit (loss) for the period before taxes | 9903 | -€1,345 | -€2,861 | -€1,516 | -113% |
| Income taxes | 67/77 | €293 | - | -€293 | |
| Profit (loss) for the period | 9904 | -€1,638 | -€2,861 | -€1,223 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,638 | -€2,861 | -€1,223 | -74.6% |
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 22 October 2026 via checked.be.