TRANSPORT SOLUTIONS EXPRESS: 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 SOLUTIONS EXPRESS
Largest movements
- Tangible fixed assets +€105,343
up €105,343 (+1,520%), from €6,931 to €112,274
of which Furniture and vehicles: +€67,259
- Receivables within one year +€65,275
up €65,275 (+341%), from €19,163 to €84,438
of which Trade receivables: +€64,711
- Cash -€29,721
down €29,721 (-71.0%), from €41,845 to €12,124
mainly Investment in fixed assets (net) (-€112,751) and Receivables within one year (-€65,275)
- Financial fixed assets -€7,209
down €7,209 (-97.3%), from €7,409 to €200
- Debts after one year +€65,742
new in 2025: €65,742
- Current portion of long-term debt +€33,238
new in 2025: €33,238
- Profit (loss) carried forward +€26,231
up €26,231 (+324%), from €8,098 to €34,329
- Tax, wage and social debts +€9,386
up €9,386 (+26.0%), from €36,045 to €45,431
of which Taxes: +€5,368
- Gross operating margin +€138,883
up €138,883 (+105%), from €132,231 to €271,115
- Staff costs +€63,606
up €63,606 (+49.7%), from €127,921 to €191,527
- Other operating charges +€13,780
up €13,780 (+471%), from €2,924 to €16,704
- Depreciation +€13,613
up €13,613 (+1,356%), from €1,004 to €14,616
- Taxes +€8,559
up €8,559 (+4,474%), from €191 to €8,751
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 | €83,016 | €218,697 | +€135,681 | +163% |
| Fixed assets | 21/28 | €14,340 | €112,474 | +€98,134 | +684% |
| Tangible fixed assets | 22/27 | €6,931 | €112,274 | +€105,343 | +1,520% |
| Plant, machinery and equipment | 23 | €6,297 | €6,567 | +€270 | +4.3% |
| Furniture and vehicles | 24 | €634 | €67,893 | +€67,259 | +10,613% |
| Leasing and similar rights | 25 | - | €37,815 | +€37,815 | |
| Financial fixed assets | 28 | €7,409 | €200 | -€7,209 | -97.3% |
| Current assets | 29/58 | €68,676 | €106,223 | +€37,547 | +54.7% |
| Amounts receivable within one year | 40/41 | €19,163 | €84,438 | +€65,275 | +341% |
| Trade receivables | 40 | €12,596 | €77,307 | +€64,711 | +514% |
| Other amounts receivable | 41 | €6,567 | €7,131 | +€563 | +8.6% |
| Cash at bank and in hand | 54/58 | €41,845 | €12,124 | -€29,721 | -71.0% |
| Deferred charges and accrued income | 490/1 | €7,667 | €9,661 | +€1,993 | +26.0% |
| Total equity and liabilities | 10/49 | €83,016 | €218,697 | +€135,681 | +163% |
| Equity | 10/15 | €28,098 | €54,329 | +€26,231 | +93.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,098 | €34,329 | +€26,231 | +324% |
| Amounts payable | 17/49 | €54,917 | €164,368 | +€109,451 | +199% |
| Amounts payable after more than one year | 17 | - | €65,742 | +€65,742 | |
| Financial debts | 170/4 | - | €65,742 | +€65,742 | |
| Amounts payable within one year | 42/48 | €54,917 | €98,627 | +€43,709 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | - | €33,238 | +€33,238 | |
| Trade debts | 44 | €18,872 | €19,957 | +€1,085 | +5.8% |
| Suppliers | 440/4 | €18,872 | €19,957 | +€1,085 | +5.8% |
| Taxes, remuneration and social security | 45 | €36,045 | €45,431 | +€9,386 | +26.0% |
| Taxes | 450/3 | €20,541 | €25,909 | +€5,368 | +26.1% |
| Remuneration and social security | 454/9 | €15,505 | €19,522 | +€4,017 | +25.9% |
| Remuneration, social security and pensions | 62 | €127,921 | €191,527 | +€63,606 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004 | €14,616 | +€13,613 | +1,356% |
| Other operating charges | 640/8 | €2,924 | €16,704 | +€13,780 | +471% |
| Gross operating margin | 9900 | €132,231 | €271,115 | +€138,883 | +105% |
| Operating profit (loss) | 9901 | €383 | €48,267 | +€47,884 | +12,497% |
| Financial income | 75/76B | €588 | €511 | -€77 | -13.0% |
| Recurring financial income | 75 | €588 | €511 | -€77 | -13.0% |
| Financial charges | 65/66B | €9,290 | €13,797 | +€4,507 | +48.5% |
| Recurring financial charges | 65 | €9,290 | €11,663 | +€2,372 | +25.5% |
| Non-recurring financial charges | 66B | - | €2,134 | +€2,134 | |
| Profit (loss) for the period before taxes | 9903 | -€8,320 | €34,981 | +€43,301 | |
| Income taxes | 67/77 | €191 | €8,751 | +€8,559 | +4,474% |
| Profit (loss) for the period | 9904 | -€8,511 | €26,231 | +€34,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,511 | €26,231 | +€34,742 |
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 25 October 2026 via checked.be.