TRANSFRA: 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
TRANSFRA
NACE 49.410, Freight transport by road
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€120,287
2024 · €194,734-€74,447
Equity
€422,915
2024 · €302,628+€120,287
Cash
€636,779
2024 · €311,375+€325,404
Balance sheet total
€3.6m
2024 · €1.9m+€1.7m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+128.1%), from €1.0m to €2.3m
of which Furniture and vehicles: +€1.7m
- Cash +€325,404
up €325,404 (+104.5%), from €311,375 to €636,779
mainly Debts after one year (+€1.2m) and Depreciation (+€562,393)
- Receivables within one year +€57,699
up €57,699 (+11.1%), from €522,150 to €579,849
of which Other amounts receivable: +€67,292
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+327.5%), from €381,059 to €1.6m
- Current portion of long-term debt +€216,385
up €216,385 (+51.8%), from €417,829 to €634,213
- Trade debts +€120,111
up €120,111 (+29.3%), from €409,415 to €529,526
- Reserves +€116,122
up €116,122 (+48.4%), from €240,128 to €356,250
of which Distributable reserves: +€116,122
Income statement
- Services and other goods +€784,141
up €784,141 (+41.6%), from €1.9m to €2.7m
- Turnover +€565,962
up €565,962 (+10.4%), from €5.4m to €6.0m
- Staff costs -€119,304
down €119,304 (-4.3%), from €2.8m to €2.7m
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
€194,734
Turnover
+€565,962
Other operating income
-€7,854
Services and other goods
-€784,141
Staff costs
+€119,304
Depreciation
+€38,242
Other operating charges
-€2,948
Other operating items
+€6,955
Financial income
-€63
Financial charges
-€35,548
Taxes
+€25,644
Result 2025
€120,287
Cash bridge derived
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
+€753,139
Investment
-€1.9m
Financing
+€1.4m
Cash 2024
€311,375
From operations (derived)
+€753,139
Net result for the year
+€120,287
Depreciation
+€562,393
Receivables within one year
-€57,699
Deferred charges and accrued income
+€26,886
Trade debts
+€120,111
Tax, wage and social debts
-€19,742
Accrued charges and deferred income
+€904
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
+€1.4m
Debts after one year
+€1.2m
Current portion of long-term debt
+€216,385
Short-term financial debts
-€30,405
Cash 2025
€636,779
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,917,661 | €3,572,981 | +€1.7m | +86.3% |
| Fixed assets | 21/28 | €1,029,086 | €2,328,189 | +€1.3m | +126.2% |
| Tangible fixed assets | 22/27 | €1,013,251 | €2,311,139 | +€1.3m | +128.1% |
| Plant, machinery and equipment | 23 | €1,855 | €0 | -€1,855 | -100.0% |
| Furniture and vehicles | 24 | €182,451 | €1,905,821 | +€1.7m | +944.6% |
| Leasing and similar rights | 25 | €828,945 | €405,318 | -€423,627 | -51.1% |
| Financial fixed assets | 28 | €15,835 | €17,050 | +€1,215 | +7.7% |
| Other financial fixed assets | 284/8 | €15,835 | €17,050 | +€1,215 | +7.7% |
| Amounts receivable and cash guarantees | 285/8 | €15,835 | €17,050 | +€1,215 | +7.7% |
| Current assets | 29/58 | €888,575 | €1,244,792 | +€356,218 | +40.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €522,150 | €579,849 | +€57,699 | +11.1% |
| Trade receivables | 40 | €504,522 | €494,930 | -€9,593 | -1.9% |
| Other amounts receivable | 41 | €17,627 | €84,919 | +€67,292 | +381.8% |
| Cash at bank and in hand | 54/58 | €311,375 | €636,779 | +€325,404 | +104.5% |
| Deferred charges and accrued income | 490/1 | €55,050 | €28,164 | -€26,886 | -48.8% |
| Total equity and liabilities | 10/49 | €1,917,661 | €3,572,981 | +€1.7m | +86.3% |
| Equity | 10/15 | €302,628 | €422,915 | +€120,287 | +39.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €240,128 | €356,250 | +€116,122 | +48.4% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €233,878 | €350,000 | +€116,122 | +49.7% |
| Profit (loss) carried forward | 14 | - | €4,165 | +€4,165 | |
| Amounts payable | 17/49 | €1,615,033 | €3,150,066 | +€1.5m | +95.0% |
| Amounts payable after more than one year | 17 | €381,059 | €1,628,839 | +€1.2m | +327.5% |
| Financial debts | 170/4 | €381,059 | €1,628,839 | +€1.2m | +327.5% |
| Leasing and similar obligations | 172 | €381,059 | €134,767 | -€246,292 | -64.6% |
| Credit institutions | 173 | - | €1,494,073 | +€1.5m | |
| Amounts payable within one year | 42/48 | €1,233,974 | €1,520,322 | +€286,349 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €417,829 | €634,213 | +€216,385 | +51.8% |
| Financial debts | 43 | €30,405 | €0 | -€30,405 | -100.0% |
| Other loans | 439 | €30,405 | €0 | -€30,405 | -100.0% |
| Trade debts | 44 | €409,415 | €529,526 | +€120,111 | +29.3% |
| Suppliers | 440/4 | €409,415 | €529,526 | +€120,111 | +29.3% |
| Taxes, remuneration and social security | 45 | €376,325 | €356,583 | -€19,742 | -5.2% |
| Taxes | 450/3 | €65,809 | €24,677 | -€41,132 | -62.5% |
| Remuneration and social security | 454/9 | €310,516 | €331,907 | +€21,390 | +6.9% |
| Accrued charges and deferred income | 492/3 | - | €904 | +€904 | |
| Operating income | 70/76A | €5,600,608 | €6,165,671 | +€565,063 | +10.1% |
| Turnover | 70 | €5,434,069 | €6,000,031 | +€565,962 | +10.4% |
| Other operating income | 74 | €155,289 | €147,435 | -€7,854 | -5.1% |
| Non-recurring operating income | 76A | €11,250 | €18,205 | +€6,955 | +61.8% |
| Operating charges | 60/66A | €5,288,534 | €5,918,078 | +€629,543 | +11.9% |
| Services and other goods | 61 | €1,884,369 | €2,668,509 | +€784,141 | +41.6% |
| Remuneration, social security and pensions | 62 | €2,780,873 | €2,661,570 | -€119,304 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600,635 | €562,393 | -€38,242 | -6.4% |
| Other operating charges | 640/8 | €22,658 | €25,606 | +€2,948 | +13.0% |
| Operating profit (loss) | 9901 | €312,074 | €247,593 | -€64,480 | -20.7% |
| Financial income | 75/76B | €63 | €0 | -€63 | -99.7% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -99.7% |
| Other financial income | 752/9 | €63 | €0 | -€63 | -99.7% |
| Financial charges | 65/66B | €27,126 | €62,674 | +€35,548 | +131.0% |
| Recurring financial charges | 65 | €27,126 | €62,674 | +€35,548 | +131.0% |
| Debt charges | 650 | €22,303 | €39,136 | +€16,833 | +75.5% |
| Other financial charges | 652/9 | €4,823 | €23,538 | +€18,715 | +388.1% |
| Profit (loss) for the period before taxes | 9903 | €285,011 | €184,920 | -€100,091 | -35.1% |
| Income taxes | 67/77 | €90,277 | €64,633 | -€25,644 | -28.4% |
| Taxes | 670/3 | €90,277 | €64,633 | -€25,644 | -28.4% |
| Profit (loss) for the period | 9904 | €194,734 | €120,287 | -€74,447 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €194,734 | €120,287 | -€74,447 | -38.2% |
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 12 October 2026 via checked.be.