Transport LB: 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 LB
Largest movements
- Receivables within one year +€123,206
up €123,206 (+3.8%), from €3.3m to €3.4m
of which Trade receivables: +€86,366
- Profit (loss) carried forward +€97,456
up €97,456 (+4.7%), from -€2.1m to -€2.0m
- Trade debts +€52,837
up €52,837 (+23.3%), from €226,569 to €279,406
- Staff costs -€234,183
down €234,183 (-47.9%), from €488,539 to €254,356
- Gross operating margin -€42,921
down €42,921 (-12.1%), from €353,735 to €310,814
- Financial income -€40,182
down €40,182 (-36.4%), from €110,539 to €70,357
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 | €3,283,112 | €3,407,775 | +€124,663 | +3.8% |
| Fixed assets | 21/28 | €140 | €140 | = | 0.0% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €3,282,972 | €3,407,635 | +€124,663 | +3.8% |
| Stocks and contracts in progress | 3 | €3,575 | €3,503 | -€72 | -2.0% |
| Stocks | 30/36 | €3,575 | €3,503 | -€72 | -2.0% |
| Amounts receivable within one year | 40/41 | €3,279,142 | €3,402,348 | +€123,206 | +3.8% |
| Trade receivables | 40 | €372,047 | €458,413 | +€86,366 | +23.2% |
| Other amounts receivable | 41 | €2,907,095 | €2,943,935 | +€36,840 | +1.3% |
| Cash at bank and in hand | 54/58 | €58 | €58 | +€0 | +0.5% |
| Deferred charges and accrued income | 490/1 | €197 | €1,725 | +€1,528 | +776% |
| Total equity and liabilities | 10/49 | €3,283,112 | €3,407,775 | +€124,663 | +3.8% |
| Equity | 10/15 | €2,981,738 | €3,079,194 | +€97,456 | +3.3% |
| Contributions | 10/11 | €4,118,842 | €4,118,842 | +€0 | 0.0% |
| Reserves | 13 | €923,557 | €923,557 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Other | 1319 | €1,859 | €1,859 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €881,698 | €881,698 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€2,060,661 | -€1,963,205 | +€97,456 | +4.7% |
| Amounts payable | 17/49 | €301,374 | €328,581 | +€27,207 | +9.0% |
| Amounts payable within one year | 42/48 | €298,508 | €326,770 | +€28,262 | +9.5% |
| Trade debts | 44 | €226,569 | €279,406 | +€52,837 | +23.3% |
| Suppliers | 440/4 | €226,569 | €279,406 | +€52,837 | +23.3% |
| Taxes, remuneration and social security | 45 | €71,939 | €47,364 | -€24,575 | -34.2% |
| Remuneration and social security | 454/9 | €71,939 | €47,364 | -€24,575 | -34.2% |
| Accrued charges and deferred income | 492/3 | €2,866 | €1,811 | -€1,055 | -36.8% |
| Remuneration, social security and pensions | 62 | €488,539 | €254,356 | -€234,183 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €0 | -€510 | -100% |
| Other operating charges | 640/8 | €24,036 | €25,364 | +€1,328 | +5.5% |
| Gross operating margin | 9900 | €353,735 | €310,814 | -€42,921 | -12.1% |
| Operating profit (loss) | 9901 | -€159,350 | €31,094 | +€190,444 | |
| Financial income | 75/76B | €110,539 | €70,357 | -€40,182 | -36.4% |
| Recurring financial income | 75 | €110,539 | €70,357 | -€40,182 | -36.4% |
| Financial charges | 65/66B | €3,485 | €3,995 | +€510 | +14.6% |
| Recurring financial charges | 65 | €3,485 | €3,995 | +€510 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | -€52,296 | €97,456 | +€149,752 | |
| Profit (loss) for the period | 9904 | -€52,296 | €97,456 | +€149,752 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,296 | €97,456 | +€149,752 |
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 19 October 2026 via checked.be.