TRANS BLUELINE: 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
TRANS BLUELINE
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,239
2024 · €118,541-€68,302
Equity
€1.6m
2024 · €1.6m-€1,091
Cash
€19,983
2024 · €20,872-€888
Balance sheet total
€1.8m
2024 · €2.0m-€171,285
Largest movements
Assets
- Receivables after one year -€119,110
down €119,110 (-8.1%), from €1.5m to €1.4m
- Tangible fixed assets -€99,637
down €99,637 (-36.7%), from €271,207 to €171,570
of which Leasing and similar rights: -€96,528
- Receivables within one year +€50,103
up €50,103 (+35.8%), from €140,006 to €190,109
of which Trade receivables: +€49,233
Equity and liabilities
- Debts after one year -€84,036
down €84,036 (-92.3%), from €91,058 to €7,021
- Other debts -€68,000
down €68,000 (-61.8%), from €110,000 to €42,000
- Current portion of long-term debt -€38,299
down €38,299 (-31.3%), from €122,335 to €84,036
- Trade debts +€22,393
up €22,393 (+33.5%), from €66,938 to €89,331
Income statement
- Turnover -€155,361
down €155,361 (-13.2%), from €1.2m to €1.0m
- Staff costs -€76,398
down €76,398 (-18.5%), from €412,233 to €335,836
- Depreciation -€64,079
down €64,079 (-39.1%), from €163,716 to €99,637
- Other operating income -€56,981
down €56,981 (-52.4%), from €108,726 to €51,745
- Financial income -€12,231
down €12,231 (-23.4%), from €52,307 to €40,075
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
€118,541
Turnover
-€155,361
Other operating income
-€56,981
Services and other goods
+€9,938
Staff costs
+€76,398
Depreciation
+€64,079
Other operating charges
+€2,102
Financial income
-€12,231
Financial charges
+€3,241
Taxes
+€514
Result 2025
€50,239
raises the resultlowers the result
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
+€172,776
Investment
€0
Financing
-€173,665
Cash 2024
€20,872
From operations (derived)
+€172,776
Net result for the year
+€50,239
Depreciation
+€99,637
Receivables after one year
+€119,110
Stocks and contracts
+€588
Receivables within one year
-€50,103
Deferred charges and accrued income
+€1,165
Trade debts
+€22,393
Tax, wage and social debts
-€1,252
Other debts
-€68,000
Accrued charges and deferred income
-€1,000
Financing
-€173,665
Debts after one year
-€84,036
Current portion of long-term debt
-€38,299
Contributions, distributions and other
-€51,330
Cash 2025
€19,983
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,989,049 | €1,817,763 | -€171,285 | -8.6% |
| Fixed assets | 21/28 | €272,287 | €172,650 | -€99,637 | -36.6% |
| Tangible fixed assets | 22/27 | €271,207 | €171,570 | -€99,637 | -36.7% |
| Furniture and vehicles | 24 | €3,110 | - | -€3,110 | |
| Leasing and similar rights | 25 | €268,098 | €171,570 | -€96,528 | -36.0% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,080 | €1,080 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €1,716,762 | €1,645,113 | -€71,648 | -4.2% |
| Amounts receivable after more than one year | 29 | €1,478,789 | €1,359,679 | -€119,110 | -8.1% |
| Other amounts receivable | 291 | €1,478,789 | €1,359,679 | -€119,110 | -8.1% |
| Stocks and contracts in progress | 3 | €74,215 | €73,627 | -€588 | -0.8% |
| Stocks | 30/36 | €74,215 | €73,627 | -€588 | -0.8% |
| Raw materials and consumables | 30/31 | €74,215 | €73,627 | -€588 | -0.8% |
| Amounts receivable within one year | 40/41 | €140,006 | €190,109 | +€50,103 | +35.8% |
| Trade receivables | 40 | €82,495 | €131,728 | +€49,233 | +59.7% |
| Other amounts receivable | 41 | €57,511 | €58,381 | +€870 | +1.5% |
| Cash at bank and in hand | 54/58 | €20,872 | €19,983 | -€888 | -4.3% |
| Deferred charges and accrued income | 490/1 | €2,880 | €1,715 | -€1,165 | -40.5% |
| Total equity and liabilities | 10/49 | €1,989,049 | €1,817,763 | -€171,285 | -8.6% |
| Equity | 10/15 | €1,564,283 | €1,563,191 | -€1,091 | -0.1% |
| 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 | €1,492,786 | €1,501,025 | +€8,239 | +0.6% |
| Non-distributable reserves | 130/1 | €28,263 | €28,263 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,063 | €22,063 | = | 0.0% |
| Tax-exempt reserves | 132 | €545,882 | €545,882 | = | 0.0% |
| Distributable reserves | 133 | €918,641 | €926,880 | +€8,239 | +0.9% |
| Investment grants | 15 | €9,497 | €167 | -€9,330 | -98.2% |
| Amounts payable | 17/49 | €424,766 | €254,572 | -€170,194 | -40.1% |
| Amounts payable after more than one year | 17 | €91,058 | €7,021 | -€84,036 | -92.3% |
| Financial debts | 170/4 | €91,058 | €7,021 | -€84,036 | -92.3% |
| Leasing and similar obligations | 172 | €91,058 | €7,021 | -€84,036 | -92.3% |
| Amounts payable within one year | 42/48 | €332,709 | €247,551 | -€85,158 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €122,335 | €84,036 | -€38,299 | -31.3% |
| Trade debts | 44 | €66,938 | €89,331 | +€22,393 | +33.5% |
| Suppliers | 440/4 | €66,938 | €89,331 | +€22,393 | +33.5% |
| Taxes, remuneration and social security | 45 | €33,436 | €32,184 | -€1,252 | -3.7% |
| Taxes | 450/3 | €2,745 | €301 | -€2,444 | -89.0% |
| Remuneration and social security | 454/9 | €30,691 | €31,883 | +€1,192 | +3.9% |
| Other amounts payable | 47/48 | €110,000 | €42,000 | -€68,000 | -61.8% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Operating income | 70/76A | €1,283,014 | €1,070,671 | -€212,342 | -16.6% |
| Turnover | 70 | €1,174,288 | €1,018,927 | -€155,361 | -13.2% |
| Other operating income | 74 | €108,726 | €51,745 | -€56,981 | -52.4% |
| Operating charges | 60/66A | €1,205,818 | €1,053,302 | -€152,516 | -12.6% |
| Services and other goods | 61 | €623,794 | €613,856 | -€9,938 | -1.6% |
| Remuneration, social security and pensions | 62 | €412,233 | €335,836 | -€76,398 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,716 | €99,637 | -€64,079 | -39.1% |
| Other operating charges | 640/8 | €6,075 | €3,973 | -€2,102 | -34.6% |
| Operating profit (loss) | 9901 | €77,196 | €17,370 | -€59,826 | -77.5% |
| Financial income | 75/76B | €52,307 | €40,075 | -€12,231 | -23.4% |
| Recurring financial income | 75 | €52,307 | €40,075 | -€12,231 | -23.4% |
| Income from current assets | 751 | €42,969 | €30,745 | -€12,223 | -28.4% |
| Other financial income | 752/9 | €9,338 | €9,330 | -€8 | -0.1% |
| Financial charges | 65/66B | €10,119 | €6,877 | -€3,241 | -32.0% |
| Recurring financial charges | 65 | €10,119 | €6,877 | -€3,241 | -32.0% |
| Debt charges | 650 | €9,424 | €6,100 | -€3,324 | -35.3% |
| Other financial charges | 652/9 | €695 | €778 | +€83 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €119,384 | €50,568 | -€68,816 | -57.6% |
| Income taxes | 67/77 | €843 | €329 | -€514 | -61.0% |
| Taxes | 670/3 | €843 | €329 | -€514 | -61.0% |
| Profit (loss) for the period | 9904 | €118,541 | €50,239 | -€68,302 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,541 | €50,239 | -€68,302 | -57.6% |
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 28 October 2026 via checked.be.