Transit: 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.
Transit
Largest movements
- Receivables within one year +€58,006
up €58,006 (+59.3%), from €97,866 to €155,872
of which Other amounts receivable: +€38,506
- Cash +€35,173
up €35,173 (+15.0%), from €235,213 to €270,386
mainly Accrued charges and deferred income (+€50,693) and Net result for the year (+€31,417)
- Tangible fixed assets -€16,210
down €16,210 (-15.2%), from €106,341 to €90,131
of which Plant, machinery and equipment: -€9,223
- Accrued charges and deferred income +€50,693
up €50,693 (+53.1%), from €95,512 to €146,205
- Profit (loss) carried forward +€31,417
up €31,417 (+23.2%), from €135,312 to €166,729
- Debts after one year -€6,249
down €6,249 (-63.1%), from €9,896 to €3,647
- Gross operating margin +€70,169
up €70,169 (+10.1%), from €693,713 to €763,882
- Staff costs +€38,715
up €38,715 (+5.7%), from €676,203 to €714,918
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 | €462,301 | €537,628 | +€75,327 | +16.3% |
| Fixed assets | 21/28 | €106,341 | €90,131 | -€16,210 | -15.2% |
| Tangible fixed assets | 22/27 | €106,341 | €90,131 | -€16,210 | -15.2% |
| Land and buildings | 22 | €67,658 | €62,020 | -€5,638 | -8.3% |
| Plant, machinery and equipment | 23 | €33,287 | €24,064 | -€9,223 | -27.7% |
| Furniture and vehicles | 24 | €5,396 | €4,047 | -€1,349 | -25.0% |
| Current assets | 29/58 | €355,960 | €447,497 | +€91,537 | +25.7% |
| Amounts receivable within one year | 40/41 | €97,866 | €155,872 | +€58,006 | +59.3% |
| Trade receivables | 40 | - | €19,500 | +€19,500 | |
| Other amounts receivable | 41 | €97,866 | €136,372 | +€38,506 | +39.3% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €235,213 | €270,386 | +€35,173 | +15.0% |
| Deferred charges and accrued income | 490/1 | €7,881 | €6,239 | -€1,642 | -20.8% |
| Total equity and liabilities | 10/49 | €462,301 | €537,628 | +€75,327 | +16.3% |
| Equity | 10/15 | €155,777 | €184,705 | +€28,928 | +18.6% |
| Contributions | 10/11 | €1,621 | €1,621 | = | 0.0% |
| Capital | 10 | €1,621 | €1,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,312 | €166,729 | +€31,417 | +23.2% |
| Investment grants | 15 | €18,844 | €16,355 | -€2,489 | -13.2% |
| Amounts payable | 17/49 | €306,524 | €352,923 | +€46,399 | +15.1% |
| Amounts payable after more than one year | 17 | €9,896 | €3,647 | -€6,249 | -63.1% |
| Financial debts | 170/4 | €9,896 | €3,647 | -€6,249 | -63.1% |
| Amounts payable within one year | 42/48 | €201,116 | €203,071 | +€1,955 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €6,250 | = | 0.0% |
| Trade debts | 44 | €4,652 | €2,536 | -€2,116 | -45.5% |
| Suppliers | 440/4 | €4,652 | €2,536 | -€2,116 | -45.5% |
| Taxes, remuneration and social security | 45 | €109,099 | €113,904 | +€4,805 | +4.4% |
| Taxes | 450/3 | €15,929 | €16,560 | +€631 | +4.0% |
| Remuneration and social security | 454/9 | €93,170 | €97,344 | +€4,174 | +4.5% |
| Accrued charges and deferred income | 492/3 | €95,512 | €146,205 | +€50,693 | +53.1% |
| Remuneration, social security and pensions | 62 | €676,203 | €714,918 | +€38,715 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,211 | €16,210 | -€1 | 0.0% |
| Other operating charges | 640/8 | €294 | €423 | +€129 | +43.9% |
| Gross operating margin | 9900 | €693,713 | €763,882 | +€70,169 | +10.1% |
| Operating profit (loss) | 9901 | €1,005 | €32,331 | +€31,326 | +3117.0% |
| Financial income | 75/76B | €2 | €2 | = | 0.0% |
| Recurring financial income | 75 | €2 | €2 | = | 0.0% |
| Financial charges | 65/66B | €1,184 | €916 | -€268 | -22.6% |
| Recurring financial charges | 65 | €1,184 | €916 | -€268 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | -€177 | €31,417 | +€31,594 | |
| Profit (loss) for the period | 9904 | -€177 | €31,417 | +€31,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€177 | €31,417 | +€31,594 |
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 10 October 2026 via checked.be.