TRANSPORT DEMONIE: what changed
TRANSPORT DEMONIE
Largest movements
- Receivables within one year -€25,466
down €25,466 (-12.4%), from €206,112 to €180,647
of which Trade receivables: -€70,857
- Tangible fixed assets -€13,506
down €13,506 (-40.4%), from €33,420 to €19,915
of which Furniture and vehicles: -€9,821
- Deferred charges and accrued income +€6,392
up €6,392 (+1,324%), from €483 to €6,874
- Cash +€4,580
up €4,580 (+4.6%), from €98,921 to €103,501
mainly Receivables within one year (+€25,466) and Investment in fixed assets (net) (+€11,321)
- Tax, wage and social debts -€22,355
down €22,355 (-54.4%), from €41,066 to €18,711
of which Taxes: -€13,355
- Reserves +€9,379
up €9,379 (+11.2%), from €83,666 to €93,045
of which Distributable reserves: +€9,379
- Current portion of long-term debt -€8,530
down €8,530 (-83.2%), from €10,253 to €1,722
- Trade debts -€6,137
down €6,137 (-29.5%), from €20,780 to €14,643
- Gross operating margin -€241,057
down €241,057 (-82.8%), from €291,153 to €50,095
- Staff costs -€144,681
down €144,681 (-61.8%), from €233,961 to €89,280
- Financial income +€58,613
up €58,613 (+2,821%), from €2,078 to €60,691
of which Non-recurring financial income: +€60,179
- Other operating charges -€26,881
down €26,881 (-87.1%), from €30,874 to €3,993
- Depreciation -€10,992
down €10,992 (-74.9%), from €14,677 to €3,685
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €343,306 | €313,807 | -€29,499 | -8.6% |
| Fixed assets | 21/28 | €37,790 | €22,785 | -€15,006 | -39.7% |
| Tangible fixed assets | 22/27 | €33,420 | €19,915 | -€13,506 | -40.4% |
| Plant, machinery and equipment | 23 | €23,600 | €19,915 | -€3,685 | -15.6% |
| Furniture and vehicles | 24 | €9,821 | €0 | -€9,821 | -100% |
| Financial fixed assets | 28 | €4,370 | €2,870 | -€1,500 | -34.3% |
| Current assets | 29/58 | €305,516 | €291,022 | -€14,494 | -4.7% |
| Amounts receivable within one year | 40/41 | €206,112 | €180,647 | -€25,466 | -12.4% |
| Trade receivables | 40 | €172,272 | €101,416 | -€70,857 | -41.1% |
| Other amounts receivable | 41 | €33,840 | €79,231 | +€45,391 | +134% |
| Cash at bank and in hand | 54/58 | €98,921 | €103,501 | +€4,580 | +4.6% |
| Deferred charges and accrued income | 490/1 | €483 | €6,874 | +€6,392 | +1,324% |
| Total equity and liabilities | 10/49 | €343,306 | €313,807 | -€29,499 | -8.6% |
| Equity | 10/15 | €259,012 | €268,391 | +€9,379 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,666 | €93,045 | +€9,379 | +11.2% |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €65,666 | €75,045 | +€9,379 | +14.3% |
| Profit (loss) carried forward | 14 | €156,746 | €156,746 | = | 0.0% |
| Amounts payable | 17/49 | €84,294 | €45,416 | -€38,878 | -46.1% |
| Amounts payable after more than one year | 17 | €1,722 | €0 | -€1,722 | -100% |
| Financial debts | 170/4 | €1,722 | €0 | -€1,722 | -100% |
| Amounts payable within one year | 42/48 | €82,572 | €45,416 | -€37,156 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €10,253 | €1,722 | -€8,530 | -83.2% |
| Financial debts | 43 | €10,473 | €10,339 | -€134 | -1.3% |
| Credit institutions | 430/8 | €10,473 | €10,339 | -€134 | -1.3% |
| Trade debts | 44 | €20,780 | €14,643 | -€6,137 | -29.5% |
| Suppliers | 440/4 | €20,780 | €14,643 | -€6,137 | -29.5% |
| Taxes, remuneration and social security | 45 | €41,066 | €18,711 | -€22,355 | -54.4% |
| Taxes | 450/3 | €25,571 | €12,217 | -€13,355 | -52.2% |
| Remuneration and social security | 454/9 | €15,494 | €6,494 | -€9,000 | -58.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €233,961 | €89,280 | -€144,681 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,677 | €3,685 | -€10,992 | -74.9% |
| Other operating charges | 640/8 | €30,874 | €3,993 | -€26,881 | -87.1% |
| Gross operating margin | 9900 | €291,153 | €50,095 | -€241,057 | -82.8% |
| Operating profit (loss) | 9901 | €11,640 | -€46,863 | -€58,503 | |
| Financial income | 75/76B | €2,078 | €60,691 | +€58,613 | +2,821% |
| Recurring financial income | 75 | €2,078 | €511 | -€1,567 | -75.4% |
| Non-recurring financial income | 76B | - | €60,179 | +€60,179 | |
| Financial charges | 65/66B | €1,818 | €1,225 | -€593 | -32.6% |
| Recurring financial charges | 65 | €1,818 | €1,225 | -€593 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €11,900 | €12,602 | +€703 | +5.9% |
| Income taxes | 67/77 | €0 | €3,223 | +€3,223 | |
| Profit (loss) for the period | 9904 | €11,900 | €9,379 | -€2,520 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,900 | €9,379 | -€2,520 | -21.2% |
Next steps
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 3 November 2026 via checked.be.