TRANS-SERVICE EXPRESS: what changed
What changed
TRANS-SERVICE EXPRESS
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€82,170
2024 · €57,949+€24,221
Equity
€180,427
2024 · €173,258+€7,170
Cash
€5,356
2024 · €7,999-€2,644
Balance sheet total
€583,045
2024 · €611,399-€28,354
Largest movements
Assets
- Tangible fixed assets -€32,853
down €32,853 (-11.0%), from €297,329 to €264,476
of which Land and buildings: -€19,359
- Receivables within one year +€6,842
up €6,842 (+2.2%), from €305,924 to €312,765
of which Other amounts receivable: +€12,052
Equity and liabilities
- Short-term financial debts -€82,027
down €82,027 (-78.1%), from €104,973 to €22,946
- Trade debts +€45,953
up €45,953 (+30.1%), from €152,541 to €198,494
- Debts after one year -€31,543
down €31,543 (-75.0%), from €42,068 to €10,526
- Other debts +€23,132
up €23,132 (+40.8%), from €56,638 to €79,770
- Tax, wage and social debts +€7,344
up €7,344 (+18.7%), from €39,217 to €46,562
of which Remuneration and social security: +€10,828
Income statement
- Gross operating margin +€106,379
up €106,379 (+26.0%), from €408,451 to €514,830
- Staff costs +€61,625
up €61,625 (+26.9%), from €228,728 to €290,353
- Depreciation +€13,856
up €13,856 (+18.6%), from €74,642 to €88,498
- Taxes +€11,626
up €11,626 (+63.3%), from €18,374 to €30,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€57,949
Gross operating margin
+€106,379
Staff costs
-€61,625
Depreciation
-€13,856
Other operating charges
+€4,026
Financial charges
+€923
Taxes
-€11,626
Result 2025
€82,170
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€239,954
Investment
-€55,644
Financing
-€186,953
Cash 2024
€7,999
From operations (derived)
+€239,954
Net result for the year
+€82,170
Depreciation
+€88,498
Receivables within one year
-€6,842
Deferred charges and accrued income
-€301
Trade debts
+€45,953
Tax, wage and social debts
+€7,344
Other debts
+€23,132
Investment (derived)
-€55,644
Investment in fixed assets (net)
-€55,644
Financing
-€186,953
Debts after one year
-€31,543
Current portion of long-term debt
+€1,617
Short-term financial debts
-€82,027
Contributions, distributions and other
-€75,000
Cash 2025
€5,356
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,399 | €583,045 | -€28,354 | -4.6% |
| Fixed assets | 21/28 | €297,476 | €264,622 | -€32,853 | -11.0% |
| Tangible fixed assets | 22/27 | €297,329 | €264,476 | -€32,853 | -11.0% |
| Land and buildings | 22 | €180,003 | €160,644 | -€19,359 | -10.8% |
| Furniture and vehicles | 24 | €100,006 | €101,261 | +€1,255 | +1.3% |
| Leasing and similar rights | 25 | €17,320 | €2,571 | -€14,750 | -85.2% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €313,923 | €318,422 | +€4,499 | +1.4% |
| Amounts receivable within one year | 40/41 | €305,924 | €312,765 | +€6,842 | +2.2% |
| Trade receivables | 40 | €296,024 | €290,814 | -€5,210 | -1.8% |
| Other amounts receivable | 41 | €9,899 | €21,951 | +€12,052 | +122% |
| Cash at bank and in hand | 54/58 | €7,999 | €5,356 | -€2,644 | -33.0% |
| Deferred charges and accrued income | 490/1 | - | €301 | +€301 | |
| Total equity and liabilities | 10/49 | €611,399 | €583,045 | -€28,354 | -4.6% |
| Equity | 10/15 | €173,258 | €180,427 | +€7,170 | +4.1% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,058 | €112,227 | +€7,170 | +6.8% |
| Amounts payable | 17/49 | €438,141 | €402,617 | -€35,524 | -8.1% |
| Amounts payable after more than one year | 17 | €42,068 | €10,526 | -€31,543 | -75.0% |
| Financial debts | 170/4 | €42,068 | €10,526 | -€31,543 | -75.0% |
| Amounts payable within one year | 42/48 | €396,073 | €392,092 | -€3,981 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €42,703 | €44,320 | +€1,617 | +3.8% |
| Financial debts | 43 | €104,973 | €22,946 | -€82,027 | -78.1% |
| Credit institutions | 430/8 | €104,973 | €22,946 | -€82,027 | -78.1% |
| Trade debts | 44 | €152,541 | €198,494 | +€45,953 | +30.1% |
| Suppliers | 440/4 | €152,541 | €198,494 | +€45,953 | +30.1% |
| Taxes, remuneration and social security | 45 | €39,217 | €46,562 | +€7,344 | +18.7% |
| Taxes | 450/3 | €17,266 | €13,782 | -€3,483 | -20.2% |
| Remuneration and social security | 454/9 | €21,952 | €32,779 | +€10,828 | +49.3% |
| Other amounts payable | 47/48 | €56,638 | €79,770 | +€23,132 | +40.8% |
| Remuneration, social security and pensions | 62 | €228,728 | €290,353 | +€61,625 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,642 | €88,498 | +€13,856 | +18.6% |
| Other operating charges | 640/8 | €11,915 | €7,889 | -€4,026 | -33.8% |
| Gross operating margin | 9900 | €408,451 | €514,830 | +€106,379 | +26.0% |
| Operating profit (loss) | 9901 | €93,167 | €128,090 | +€34,924 | +37.5% |
| Financial charges | 65/66B | €16,844 | €15,921 | -€923 | -5.5% |
| Recurring financial charges | 65 | €16,844 | €15,921 | -€923 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €76,323 | €112,170 | +€35,847 | +47.0% |
| Income taxes | 67/77 | €18,374 | €30,000 | +€11,626 | +63.3% |
| Profit (loss) for the period | 9904 | €57,949 | €82,170 | +€24,221 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,949 | €82,170 | +€24,221 | +41.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.