Trans R.D. Logistics: 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 R.D. Logistics
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€124,432
2024 · €180,001-€55,569
Equity
€2.9m
2024 · €2.9m+€87,334
Cash
€354,166
2024 · €54,867+€299,298
Balance sheet total
€3.2m
2024 · €3.1m+€97,207
Largest movements
Assets
- Cash +€299,298
up €299,298 (+545%), from €54,867 to €354,166
mainly Current investments (+€200,000) and Net result for the year (+€124,432)
- Current investments -€200,000
down €200,000 (-21.2%), from €945,246 to €745,246
Equity and liabilities
- Reserves +€87,334
up €87,334 (+3.8%), from €2.3m to €2.4m
of which Distributable reserves: +€87,334
Income statement
- Gross operating margin -€96,388
down €96,388 (-30.1%), from €320,331 to €223,944
- Taxes -€26,628
down €26,628 (-32.3%), from €82,333 to €55,705
- Depreciation -€11,187
down €11,187 (-52.8%), from €21,201 to €10,014
- Financial income +€4,011
new in 2025: €4,011
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
€180,001
Gross operating margin
-€96,388
Depreciation
+€11,187
Other operating charges
-€439
Other operating items
-€647
Financial income
+€4,011
Financial charges
+€78
Taxes
+€26,628
Result 2025
€124,432
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
+€136,396
Investment
+€200,000
Financing
-€37,097
Cash 2024
€54,867
From operations (derived)
+€136,396
Net result for the year
+€124,432
Depreciation
+€10,014
Receivables within one year
-€8,062
Deferred charges and accrued income
+€141
Provisions
-€6,165
Trade debts
-€1,476
Tax, wage and social debts
+€3,696
Other debts
+€14,718
Accrued charges and deferred income
-€900
Investment (derived)
+€200,000
Current investments
+€200,000
Financing
-€37,097
Contributions, distributions and other
-€37,097
Cash 2025
€354,166
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,059,461 | €3,156,668 | +€97,207 | +3.2% |
| Fixed assets | 21/28 | €1,922,940 | €1,912,927 | -€10,014 | -0.5% |
| Tangible fixed assets | 22/27 | €1,647,005 | €1,636,992 | -€10,014 | -0.6% |
| Land and buildings | 22 | €1,638,351 | €1,635,321 | -€3,030 | -0.2% |
| Plant, machinery and equipment | 23 | €3,322 | €1,670 | -€1,652 | -49.7% |
| Furniture and vehicles | 24 | €5,332 | - | -€5,332 | |
| Financial fixed assets | 28 | €275,935 | €275,935 | = | 0.0% |
| Current assets | 29/58 | €1,136,521 | €1,243,741 | +€107,220 | +9.4% |
| Amounts receivable within one year | 40/41 | €134,915 | €142,977 | +€8,062 | +6.0% |
| Trade receivables | 40 | €134,915 | €142,977 | +€8,062 | +6.0% |
| Current investments | 50/53 | €945,246 | €745,246 | -€200,000 | -21.2% |
| Cash at bank and in hand | 54/58 | €54,867 | €354,166 | +€299,298 | +545% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,352 | -€141 | -9.4% |
| Total equity and liabilities | 10/49 | €3,059,461 | €3,156,668 | +€97,207 | +3.2% |
| Equity | 10/15 | €2,855,898 | €2,943,232 | +€87,334 | +3.1% |
| Contributions | 10/11 | €558,000 | €558,000 | = | 0.0% |
| Capital | 10 | €558,000 | €558,000 | = | 0.0% |
| Issued capital | 100 | €558,000 | €558,000 | = | 0.0% |
| Reserves | 13 | €2,297,898 | €2,385,232 | +€87,334 | +3.8% |
| Non-distributable reserves | 130/1 | €119,600 | €119,600 | = | 0.0% |
| Legal reserve | 130 | €119,600 | €119,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €2,140,798 | €2,228,132 | +€87,334 | +4.1% |
| Provisions and deferred taxes | 16 | €137,750 | €131,585 | -€6,165 | -4.5% |
| Provisions for liabilities and charges | 160/5 | €137,750 | €131,585 | -€6,165 | -4.5% |
| Environmental obligations | 163 | €137,750 | €131,585 | -€6,165 | -4.5% |
| Amounts payable | 17/49 | €65,814 | €81,851 | +€16,037 | +24.4% |
| Amounts payable within one year | 42/48 | €52,981 | €69,918 | +€16,937 | +32.0% |
| Trade debts | 44 | €9,191 | €7,715 | -€1,476 | -16.1% |
| Suppliers | 440/4 | €9,191 | €7,715 | -€1,476 | -16.1% |
| Taxes, remuneration and social security | 45 | €27,293 | €30,988 | +€3,696 | +13.5% |
| Taxes | 450/3 | €18,154 | €21,825 | +€3,671 | +20.2% |
| Remuneration and social security | 454/9 | €9,139 | €9,163 | +€25 | +0.3% |
| Other amounts payable | 47/48 | €16,497 | €31,215 | +€14,718 | +89.2% |
| Accrued charges and deferred income | 492/3 | €12,833 | €11,933 | -€900 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,201 | €10,014 | -€11,187 | -52.8% |
| Other operating charges | 640/8 | €11,702 | €12,140 | +€439 | +3.7% |
| Non-recurring operating charges | 66A | €10,105 | €10,751 | +€647 | +6.4% |
| Gross operating margin | 9900 | €320,331 | €223,944 | -€96,388 | -30.1% |
| Operating profit (loss) | 9901 | €277,324 | €191,038 | -€86,286 | -31.1% |
| Financial income | 75/76B | - | €4,011 | +€4,011 | |
| Recurring financial income | 75 | - | €4,011 | +€4,011 | |
| Financial charges | 65/66B | €14,990 | €14,912 | -€78 | -0.5% |
| Recurring financial charges | 65 | €14,990 | €14,912 | -€78 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €262,334 | €180,137 | -€82,197 | -31.3% |
| Income taxes | 67/77 | €82,333 | €55,705 | -€26,628 | -32.3% |
| Profit (loss) for the period | 9904 | €180,001 | €124,432 | -€55,569 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €180,001 | €124,432 | -€55,569 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.