TRANSFREIGHT SERVICES: 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.
TRANSFREIGHT SERVICES
Largest movements
- Cash +€61,937
up €61,937 (+60.1%), from €103,121 to €165,058
mainly Net result for the year (+€91,793) and Trade debts (+€52,448)
- Deferred charges and accrued income +€13,253
up €13,253 (+610.4%), from €2,171 to €15,424
- Receivables within one year +€7,894
up €7,894 (+3.1%), from €250,955 to €258,849
of which Trade receivables: +€5,725
- Trade debts +€52,448
up €52,448 (+31.0%), from €169,418 to €221,866
- Profit (loss) carried forward +€21,293
up €21,293 (+48.4%), from €44,000 to €65,293
- Other debts +€20,500
up €20,500 (+41.0%), from €50,000 to €70,500
- Tax, wage and social debts -€6,287
down €6,287 (-24.9%), from €25,208 to €18,921
of which Taxes: -€6,602
- Accrued charges and deferred income -€5,809
down €5,809 (-14.7%), from €39,648 to €33,839
- Gross operating margin +€14,200
up €14,200 (+8.4%), from €169,674 to €183,875
- Staff costs -€3,572
down €3,572 (-4.3%), from €83,374 to €79,802
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,273 | €440,419 | +€82,146 | +22.9% |
| Fixed assets | 21/28 | €2,025 | €1,088 | -€937 | -46.3% |
| Tangible fixed assets | 22/27 | €2,025 | €1,088 | -€937 | -46.3% |
| Furniture and vehicles | 24 | €2,025 | €1,088 | -€937 | -46.3% |
| Current assets | 29/58 | €356,248 | €439,331 | +€83,084 | +23.3% |
| Amounts receivable within one year | 40/41 | €250,955 | €258,849 | +€7,894 | +3.1% |
| Trade receivables | 40 | €239,725 | €245,450 | +€5,725 | +2.4% |
| Other amounts receivable | 41 | €11,230 | €13,399 | +€2,169 | +19.3% |
| Cash at bank and in hand | 54/58 | €103,121 | €165,058 | +€61,937 | +60.1% |
| Deferred charges and accrued income | 490/1 | €2,171 | €15,424 | +€13,253 | +610.4% |
| Total equity and liabilities | 10/49 | €358,273 | €440,419 | +€82,146 | +22.9% |
| Equity | 10/15 | €74,000 | €95,293 | +€21,293 | +28.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,000 | €65,293 | +€21,293 | +48.4% |
| Amounts payable | 17/49 | €284,273 | €345,126 | +€60,853 | +21.4% |
| Amounts payable within one year | 42/48 | €244,625 | €311,287 | +€66,662 | +27.3% |
| Trade debts | 44 | €169,418 | €221,866 | +€52,448 | +31.0% |
| Suppliers | 440/4 | €169,418 | €221,866 | +€52,448 | +31.0% |
| Taxes, remuneration and social security | 45 | €25,208 | €18,921 | -€6,287 | -24.9% |
| Taxes | 450/3 | €16,393 | €9,791 | -€6,602 | -40.3% |
| Remuneration and social security | 454/9 | €8,814 | €9,130 | +€316 | +3.6% |
| Other amounts payable | 47/48 | €50,000 | €70,500 | +€20,500 | +41.0% |
| Accrued charges and deferred income | 492/3 | €39,648 | €33,839 | -€5,809 | -14.7% |
| Remuneration, social security and pensions | 62 | €83,374 | €79,802 | -€3,572 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786 | €937 | +€151 | +19.2% |
| Other operating charges | 640/8 | €365 | €320 | -€45 | -12.4% |
| Gross operating margin | 9900 | €169,674 | €183,875 | +€14,200 | +8.4% |
| Operating profit (loss) | 9901 | €85,149 | €102,815 | +€17,667 | +20.7% |
| Financial income | 75/76B | €40 | €0 | -€40 | -99.9% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -99.9% |
| Financial charges | 65/66B | €121 | €1,231 | +€1,110 | +914.7% |
| Recurring financial charges | 65 | €121 | €1,231 | +€1,110 | +914.7% |
| Profit (loss) for the period before taxes | 9903 | €85,068 | €101,584 | +€16,517 | +19.4% |
| Income taxes | 67/77 | €11,093 | €9,791 | -€1,302 | -11.7% |
| Profit (loss) for the period | 9904 | €73,975 | €91,793 | +€17,819 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,975 | €91,793 | +€17,819 | +24.1% |
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 9 October 2026 via checked.be.