Transport Goedertier: 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 Goedertier
Largest movements
- Tangible fixed assets +€154,588
up €154,588 (+46.5%), from €332,199 to €486,787
of which Leasing and similar rights: +€130,116
- Cash -€50,042
down €50,042 (-61.2%), from €81,797 to €31,755
mainly Investment in fixed assets (net) (-€292,499) and Tax, wage and social debts (-€9,831)
- Receivables within one year -€11,465
down €11,465 (-9.3%), from €123,306 to €111,840
of which Trade receivables: -€16,905
- Current portion of long-term debt +€51,727
up €51,727 (+67.4%), from €76,691 to €128,417
- Reserves +€29,092
up €29,092 (+12.6%), from €230,027 to €259,119
- Debts after one year +€25,473
up €25,473 (+12.9%), from €196,807 to €222,279
- Tax, wage and social debts -€9,831
down €9,831 (-26.9%), from €36,488 to €26,657
of which Taxes: -€11,079
- Depreciation +€38,077
up €38,077 (+38.1%), from €99,834 to €137,911
- Taxes -€14,260
down €14,260 (-96.2%), from €14,817 to €557
- Gross operating margin +€11,284
up €11,284 (+4.0%), from €281,297 to €292,581
- Staff costs +€7,843
up €7,843 (+10.3%), from €75,972 to €83,815
- Other operating charges +€6,968
up €6,968 (+54.9%), from €12,685 to €19,653
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €557,779 | €653,448 | +€95,670 | +17.2% |
| Fixed assets | 21/28 | €351,199 | €505,787 | +€154,588 | +44.0% |
| Tangible fixed assets | 22/27 | €332,199 | €486,787 | +€154,588 | +46.5% |
| Furniture and vehicles | 24 | €48,178 | €72,650 | +€24,472 | +50.8% |
| Leasing and similar rights | 25 | €284,020 | €414,137 | +€130,116 | +45.8% |
| Financial fixed assets | 28 | €19,000 | €19,000 | = | 0.0% |
| Current assets | 29/58 | €206,580 | €147,661 | -€58,919 | -28.5% |
| Amounts receivable within one year | 40/41 | €123,306 | €111,840 | -€11,465 | -9.3% |
| Trade receivables | 40 | €117,806 | €100,901 | -€16,905 | -14.3% |
| Other amounts receivable | 41 | €5,500 | €10,939 | +€5,439 | +98.9% |
| Cash at bank and in hand | 54/58 | €81,797 | €31,755 | -€50,042 | -61.2% |
| Deferred charges and accrued income | 490/1 | €1,477 | €4,066 | +€2,589 | +175% |
| Total equity and liabilities | 10/49 | €557,779 | €653,448 | +€95,670 | +17.2% |
| Equity | 10/15 | €232,527 | €261,619 | +€29,092 | +12.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €230,027 | €259,119 | +€29,092 | +12.6% |
| Distributable reserves | 133 | €230,027 | €259,119 | +€29,092 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €325,252 | €391,829 | +€66,577 | +20.5% |
| Amounts payable after more than one year | 17 | €196,807 | €222,279 | +€25,473 | +12.9% |
| Financial debts | 170/4 | €196,807 | €222,279 | +€25,473 | +12.9% |
| Amounts payable within one year | 42/48 | €128,445 | €169,550 | +€41,105 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €76,691 | €128,417 | +€51,727 | +67.4% |
| Trade debts | 44 | €13,513 | €14,476 | +€963 | +7.1% |
| Suppliers | 440/4 | €13,513 | €14,476 | +€963 | +7.1% |
| Taxes, remuneration and social security | 45 | €36,488 | €26,657 | -€9,831 | -26.9% |
| Taxes | 450/3 | €16,051 | €4,972 | -€11,079 | -69.0% |
| Remuneration and social security | 454/9 | €20,437 | €21,685 | +€1,247 | +6.1% |
| Other amounts payable | 47/48 | €1,754 | €0 | -€1,754 | -100% |
| Remuneration, social security and pensions | 62 | €75,972 | €83,815 | +€7,843 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,834 | €137,911 | +€38,077 | +38.1% |
| Other operating charges | 640/8 | €12,685 | €19,653 | +€6,968 | +54.9% |
| Gross operating margin | 9900 | €281,297 | €292,581 | +€11,284 | +4.0% |
| Operating profit (loss) | 9901 | €92,807 | €51,202 | -€41,604 | -44.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,367% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,367% |
| Financial charges | 65/66B | €15,463 | €20,721 | +€5,257 | +34.0% |
| Recurring financial charges | 65 | €15,463 | €20,721 | +€5,257 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €77,343 | €30,482 | -€46,861 | -60.6% |
| Income taxes | 67/77 | €14,817 | €557 | -€14,260 | -96.2% |
| Profit (loss) for the period | 9904 | €62,526 | €29,925 | -€32,601 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,526 | €29,925 | -€32,601 | -52.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.