TRANSPORT EXPRESS HD: 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.
TRANSPORT EXPRESS HD
Largest movements
- Receivables within one year +€7,863
up €7,863 (+83.3%), from €9,436 to €17,299
of which Trade receivables: +€7,904
- Deferred charges and accrued income +€5,880
new in 2025: €5,880
- Tangible fixed assets -€3,333
down €3,333 (-35.4%), from €9,416 to €6,082
- Cash -€565
down €565 (-7.7%), from €7,305 to €6,740
mainly Net result for the year (-€10,515) and Receivables within one year (-€7,863)
- Other debts +€12,492
up €12,492 (+129%), from €9,707 to €22,199
- Profit (loss) carried forward -€10,515
down €10,515, from €651 to -€9,864
- Trade debts +€6,480
up €6,480 (+42.8%), from €15,136 to €21,616
- Tax, wage and social debts +€1,387
up €1,387 (+853%), from €163 to €1,550
- Taxes +€3,154
up €3,154 (+1,939%), from €163 to €3,317
- Depreciation +€2,749
up €2,749 (+470%), from €584 to €3,333
- Other operating charges +€2,498
up €2,498 (+205%), from €1,217 to €3,716
- Gross operating margin -€2,446
down €2,446 (-92.7%), from €2,638 to €193
- Financial charges +€318
up €318 (+1,383%), from €23 to €341
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.
Derived cash bridge
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 | €26,157 | €36,002 | +€9,844 | +37.6% |
| Fixed assets | 21/28 | €9,416 | €6,082 | -€3,333 | -35.4% |
| Tangible fixed assets | 22/27 | €9,416 | €6,082 | -€3,333 | -35.4% |
| Furniture and vehicles | 24 | €9,416 | €6,082 | -€3,333 | -35.4% |
| Current assets | 29/58 | €16,742 | €29,919 | +€13,178 | +78.7% |
| Amounts receivable within one year | 40/41 | €9,436 | €17,299 | +€7,863 | +83.3% |
| Trade receivables | 40 | €9,395 | €17,299 | +€7,904 | +84.1% |
| Other amounts receivable | 41 | €41 | - | -€41 | |
| Cash at bank and in hand | 54/58 | €7,305 | €6,740 | -€565 | -7.7% |
| Deferred charges and accrued income | 490/1 | - | €5,880 | +€5,880 | |
| Total equity and liabilities | 10/49 | €26,157 | €36,002 | +€9,844 | +37.6% |
| Equity | 10/15 | €1,151 | -€9,364 | -€10,515 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €651 | -€9,864 | -€10,515 | |
| Amounts payable | 17/49 | €25,006 | €45,366 | +€20,359 | +81.4% |
| Amounts payable within one year | 42/48 | €25,006 | €45,366 | +€20,359 | +81.4% |
| Trade debts | 44 | €15,136 | €21,616 | +€6,480 | +42.8% |
| Suppliers | 440/4 | €15,136 | €21,616 | +€6,480 | +42.8% |
| Taxes, remuneration and social security | 45 | €163 | €1,550 | +€1,387 | +853% |
| Taxes | 450/3 | €163 | €1,550 | +€1,387 | +853% |
| Other amounts payable | 47/48 | €9,707 | €22,199 | +€12,492 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584 | €3,333 | +€2,749 | +470% |
| Other operating charges | 640/8 | €1,217 | €3,716 | +€2,498 | +205% |
| Gross operating margin | 9900 | €2,638 | €193 | -€2,446 | -92.7% |
| Operating profit (loss) | 9901 | €836 | -€6,856 | -€7,693 | |
| Financial charges | 65/66B | €23 | €341 | +€318 | +1,383% |
| Recurring financial charges | 65 | €23 | €341 | +€318 | +1,383% |
| Profit (loss) for the period before taxes | 9903 | €813 | -€7,198 | -€8,011 | |
| Income taxes | 67/77 | €163 | €3,317 | +€3,154 | +1,939% |
| Profit (loss) for the period | 9904 | €651 | -€10,515 | -€11,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €651 | -€10,515 | -€11,165 |
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 26 October 2026 via checked.be.