Trans - Europ: 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 - Europ
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,635
2024 · €93,313-€77,678
Equity
€7.5m
2024 · €7.5m+€15,635
Cash
€2.0m
2024 · €7.1m-€5.0m
Balance sheet total
€9.9m
2024 · €9.8m+€29,473
Largest movements
Assets
- Current investments +€5.5m
new in 2025: €5.5m
- Cash -€5.0m
down €5.0m (-71.2%), from €7.1m to €2.0m
mainly Current investments (-€5.5m) and Accrued charges and deferred income (-€123,473)
- Tangible fixed assets -€286,227
down €286,227 (-45.4%), from €630,149 to €343,922
of which Furniture and vehicles: -€254,524
- Deferred charges and accrued income -€164,812
down €164,812 (-49.0%), from €336,332 to €171,519
Equity and liabilities
- Trade debts +€235,190
up €235,190 (+13.5%), from €1.7m to €2.0m
- Accrued charges and deferred income -€123,473
down €123,473 (-42.8%), from €288,663 to €165,190
Income statement
- Goods and materials +€2.8m
up €2.8m (+99.8%), from €2.8m to €5.5m
- Turnover +€2.1m
up €2.1m (+19.8%), from €10.4m to €12.5m
- Services and other goods -€482,417
down €482,417 (-8.9%), from €5.4m to €4.9m
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
€93,313
Turnover
+€2.1m
Other operating income
+€9,050
Goods and materials
-€2.8m
Services and other goods
+€482,417
Staff costs
+€93,879
Depreciation
+€122,894
Write-downs
-€45,944
Other operating charges
-€9,213
Other operating items
-€121,085
Financial income
+€100,920
Financial charges
-€448
Taxes
-€11,256
Result 2025
€15,635
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
+€246,463
Investment
-€5.3m
Financing
€0
Cash 2024
€7.1m
From operations (derived)
+€246,463
Net result for the year
+€15,635
Depreciation
+€55,354
Receivables within one year
-€3,176
Deferred charges and accrued income
+€164,812
Trade debts
+€235,190
Tax, wage and social debts
-€62,879
Advances received
-€35,000
Accrued charges and deferred income
-€123,473
Investment (derived)
-€5.3m
Investment in fixed assets (net)
+€230,874
Current investments
-€5.5m
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,828,516 | €9,857,989 | +€29,473 | +0.3% |
| Fixed assets | 21/28 | €631,306 | €345,079 | -€286,227 | -45.3% |
| Tangible fixed assets | 22/27 | €630,149 | €343,922 | -€286,227 | -45.4% |
| Land and buildings | 22 | €260,621 | €241,861 | -€18,760 | -7.2% |
| Plant, machinery and equipment | 23 | €56,132 | €43,188 | -€12,944 | -23.1% |
| Furniture and vehicles | 24 | €313,397 | €58,874 | -€254,524 | -81.2% |
| Financial fixed assets | 28 | €1,156 | €1,156 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,156 | €1,156 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,156 | €1,156 | = | 0.0% |
| Current assets | 29/58 | €9,197,210 | €9,512,910 | +€315,701 | +3.4% |
| Amounts receivable within one year | 40/41 | €1,810,093 | €1,813,269 | +€3,176 | +0.2% |
| Trade receivables | 40 | €1,381,073 | €1,291,436 | -€89,637 | -6.5% |
| Other amounts receivable | 41 | €429,019 | €521,833 | +€92,814 | +21.6% |
| Current investments | 50/53 | - | €5,500,000 | +€5.5m | |
| Other investments | 51/53 | - | €5,500,000 | +€5.5m | |
| Cash at bank and in hand | 54/58 | €7,050,785 | €2,028,122 | -€5.0m | -71.2% |
| Deferred charges and accrued income | 490/1 | €336,332 | €171,519 | -€164,812 | -49.0% |
| Total equity and liabilities | 10/49 | €9,828,516 | €9,857,989 | +€29,473 | +0.3% |
| Equity | 10/15 | €7,491,325 | €7,506,960 | +€15,635 | +0.2% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €7,243,432 | €7,259,067 | +€15,635 | +0.2% |
| Non-distributable reserves | 130/1 | €25,187 | €25,187 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Reserves not available under the articles | 1311 | €398 | €398 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,255,147 | €4,255,147 | = | 0.0% |
| Distributable reserves | 133 | €2,963,097 | €2,978,732 | +€15,635 | +0.5% |
| Amounts payable | 17/49 | €2,337,191 | €2,351,029 | +€13,838 | +0.6% |
| Amounts payable after more than one year | 17 | €4,862 | €4,862 | = | 0.0% |
| Other amounts payable | 178/9 | €4,862 | €4,862 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,043,666 | €2,180,978 | +€137,311 | +6.7% |
| Trade debts | 44 | €1,746,371 | €1,981,561 | +€235,190 | +13.5% |
| Suppliers | 440/4 | €1,746,371 | €1,981,561 | +€235,190 | +13.5% |
| Advances received on contracts in progress | 46 | €35,000 | - | -€35,000 | |
| Taxes, remuneration and social security | 45 | €262,296 | €199,417 | -€62,879 | -24.0% |
| Taxes | 450/3 | €19,070 | €21,490 | +€2,420 | +12.7% |
| Remuneration and social security | 454/9 | €243,225 | €177,927 | -€65,298 | -26.8% |
| Accrued charges and deferred income | 492/3 | €288,663 | €165,190 | -€123,473 | -42.8% |
| Operating income | 70/76A | €11,033,947 | €12,958,367 | +€1.9m | +17.4% |
| Turnover | 70 | €10,423,118 | €12,491,794 | +€2.1m | +19.8% |
| Other operating income | 74 | €305,087 | €314,137 | +€9,050 | +3.0% |
| Non-recurring operating income | 76A | €305,742 | €152,436 | -€153,306 | -50.1% |
| Operating charges | 60/66A | €10,991,497 | €13,082,811 | +€2.1m | +19.0% |
| Goods for resale, raw materials and consumables | 60 | €2,772,779 | €5,540,347 | +€2.8m | +99.8% |
| Purchases | 600/8 | €2,772,779 | €5,540,347 | +€2.8m | +99.8% |
| Services and other goods | 61 | €5,402,917 | €4,920,500 | -€482,417 | -8.9% |
| Remuneration, social security and pensions | 62 | €2,559,115 | €2,465,236 | -€93,879 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,247 | €55,354 | -€122,894 | -68.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€45,944 | - | +€45,944 | |
| Other operating charges | 640/8 | €82,132 | €91,345 | +€9,213 | +11.2% |
| Non-recurring operating charges | 66A | €42,250 | €10,029 | -€32,221 | -76.3% |
| Operating profit (loss) | 9901 | €42,450 | -€124,444 | -€166,894 | |
| Financial income | 75/76B | €65,315 | €166,235 | +€100,920 | +155% |
| Recurring financial income | 75 | €65,315 | €166,235 | +€100,920 | +155% |
| Income from financial fixed assets | 750 | €4,575 | €6,282 | +€1,707 | +37.3% |
| Income from current assets | 751 | €35,096 | €7,532 | -€27,565 | -78.5% |
| Other financial income | 752/9 | €25,643 | €152,421 | +€126,778 | +494% |
| Financial charges | 65/66B | €2,923 | €3,371 | +€448 | +15.3% |
| Recurring financial charges | 65 | €2,923 | €3,371 | +€448 | +15.3% |
| Other financial charges | 652/9 | €2,923 | €3,371 | +€448 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €104,842 | €38,420 | -€66,422 | -63.4% |
| Income taxes | 67/77 | €11,529 | €22,785 | +€11,256 | +97.6% |
| Taxes | 670/3 | €11,529 | €22,785 | +€11,256 | +97.6% |
| Profit (loss) for the period | 9904 | €93,313 | €15,635 | -€77,678 | -83.2% |
| Transfer to tax-exempt reserves | 689 | €126,817 | - | -€126,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,504 | €15,635 | +€49,139 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.