Transport Peter Seys: 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 Peter Seys
Largest movements
- Tangible fixed assets +€149,641
up €149,641 (+34.4%), from €434,408 to €584,050
of which Leasing and similar rights: +€156,559
- Receivables within one year -€27,398
down €27,398 (-29.7%), from €92,260 to €64,861
of which Trade receivables: -€32,349
- Cash +€23,844
up €23,844 (+162%), from €14,753 to €38,597
mainly Depreciation (+€143,492) and Debts after one year (+€86,126)
- Debts after one year +€86,126
up €86,126 (+25.9%), from €332,827 to €418,953
- Current portion of long-term debt +€42,464
up €42,464 (+55.1%), from €77,021 to €119,485
- Reserves +€40,066
up €40,066 (+495%), from €8,099 to €48,165
- Trade debts -€14,921
down €14,921 (-44.8%), from €33,293 to €18,372
- Other debts -€9,639
down €9,639 (-14.2%), from €67,715 to €58,076
- Gross operating margin +€118,044
up €118,044 (+43.2%), from €272,941 to €390,985
- Depreciation +€47,820
up €47,820 (+50.0%), from €95,672 to €143,492
- Staff costs +€32,666
up €32,666 (+22.4%), from €145,760 to €178,426
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 | €541,421 | €687,508 | +€146,087 | +27.0% |
| Fixed assets | 21/28 | €434,408 | €584,050 | +€149,641 | +34.4% |
| Tangible fixed assets | 22/27 | €434,408 | €584,050 | +€149,641 | +34.4% |
| Plant, machinery and equipment | 23 | €993 | €3,972 | +€2,979 | +300% |
| Furniture and vehicles | 24 | €22,697 | €12,800 | -€9,896 | -43.6% |
| Leasing and similar rights | 25 | €410,719 | €567,277 | +€156,559 | +38.1% |
| Current assets | 29/58 | €107,013 | €103,458 | -€3,555 | -3.3% |
| Amounts receivable within one year | 40/41 | €92,260 | €64,861 | -€27,398 | -29.7% |
| Trade receivables | 40 | €74,629 | €42,281 | -€32,349 | -43.3% |
| Other amounts receivable | 41 | €17,630 | €22,581 | +€4,950 | +28.1% |
| Cash at bank and in hand | 54/58 | €14,753 | €38,597 | +€23,844 | +162% |
| Total equity and liabilities | 10/49 | €541,421 | €687,508 | +€146,087 | +27.0% |
| Equity | 10/15 | €18,099 | €58,165 | +€40,066 | +221% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,099 | €48,165 | +€40,066 | +495% |
| Distributable reserves | 133 | €8,099 | €48,165 | +€40,066 | +495% |
| Amounts payable | 17/49 | €523,322 | €629,343 | +€106,021 | +20.3% |
| Amounts payable after more than one year | 17 | €332,827 | €418,953 | +€86,126 | +25.9% |
| Financial debts | 170/4 | €332,827 | €418,953 | +€86,126 | +25.9% |
| Amounts payable within one year | 42/48 | €190,495 | €210,390 | +€19,895 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €77,021 | €119,485 | +€42,464 | +55.1% |
| Trade debts | 44 | €33,293 | €18,372 | -€14,921 | -44.8% |
| Suppliers | 440/4 | €33,293 | €18,372 | -€14,921 | -44.8% |
| Taxes, remuneration and social security | 45 | €12,467 | €14,458 | +€1,991 | +16.0% |
| Taxes | 450/3 | €5,390 | €7,047 | +€1,657 | +30.7% |
| Remuneration and social security | 454/9 | €7,077 | €7,411 | +€334 | +4.7% |
| Other amounts payable | 47/48 | €67,715 | €58,076 | -€9,639 | -14.2% |
| Remuneration, social security and pensions | 62 | €145,760 | €178,426 | +€32,666 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,672 | €143,492 | +€47,820 | +50.0% |
| Other operating charges | 640/8 | €4,557 | €3,475 | -€1,081 | -23.7% |
| Gross operating margin | 9900 | €272,941 | €390,985 | +€118,044 | +43.2% |
| Operating profit (loss) | 9901 | €26,953 | €65,591 | +€38,638 | +143% |
| Financial income | 75/76B | €44 | €2 | -€42 | -94.5% |
| Recurring financial income | 75 | €44 | €2 | -€42 | -94.5% |
| Financial charges | 65/66B | €18,898 | €22,699 | +€3,801 | +20.1% |
| Recurring financial charges | 65 | €18,898 | €22,699 | +€3,801 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €8,099 | €42,895 | +€34,796 | +430% |
| Income taxes | 67/77 | - | €2,829 | +€2,829 | |
| Profit (loss) for the period | 9904 | €8,099 | €40,066 | +€31,967 | +395% |
| Profit (loss) for the period to be appropriated | 9905 | €8,099 | €40,066 | +€31,967 | +395% |
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 21 October 2026 via checked.be.