Transport Solutions Management: 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 Management
Largest movements
- Receivables within one year +€15,695
up €15,695 (+61.3%), from €25,606 to €41,300
of which Trade receivables: +€12,026
- Tangible fixed assets -€13,371
down €13,371 (-21.5%), from €62,271 to €48,900
- Cash -€3,805
down €3,805 (-78.5%), from €4,849 to €1,043
mainly Receivables within one year (-€15,695) and Debts after one year (-€10,088)
- Intangible fixed assets -€2,500
down €2,500 (-19.8%), from €12,632 to €10,132
- Trade debts +€15,635
up €15,635 (+433%), from €3,607 to €19,242
- Debts after one year -€10,088
down €10,088 (-41.8%), from €24,133 to €14,045
- Profit (loss) carried forward -€6,497
down €6,497, from €4,635 to -€1,862
- Other debts -€2,018
down €2,018 (-3.7%), from €55,048 to €53,030
- Tax, wage and social debts -€1,446
down €1,446 (-55.9%), from €2,586 to €1,140
- Depreciation +€5,431
up €5,431 (+44.3%), from €12,258 to €17,689
- Gross operating margin +€2,115
up €2,115 (+16.7%), from €12,660 to €14,775
- Other operating charges +€1,217
up €1,217 (+150%), from €811 to €2,028
- Taxes -€467
down €467 (-58.1%), from €804 to €337
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 | €106,143 | €102,183 | -€3,960 | -3.7% |
| Fixed assets | 21/28 | €74,903 | €59,031 | -€15,871 | -21.2% |
| Intangible fixed assets | 21 | €12,632 | €10,132 | -€2,500 | -19.8% |
| Tangible fixed assets | 22/27 | €62,271 | €48,900 | -€13,371 | -21.5% |
| Furniture and vehicles | 24 | €62,271 | €48,900 | -€13,371 | -21.5% |
| Current assets | 29/58 | €31,240 | €43,152 | +€11,911 | +38.1% |
| Amounts receivable within one year | 40/41 | €25,606 | €41,300 | +€15,695 | +61.3% |
| Trade receivables | 40 | €25,029 | €37,055 | +€12,026 | +48.0% |
| Other amounts receivable | 41 | €577 | €4,246 | +€3,669 | +636% |
| Cash at bank and in hand | 54/58 | €4,849 | €1,043 | -€3,805 | -78.5% |
| Deferred charges and accrued income | 490/1 | €786 | €808 | +€22 | +2.8% |
| Total equity and liabilities | 10/49 | €106,143 | €102,183 | -€3,960 | -3.7% |
| Equity | 10/15 | €11,135 | €4,638 | -€6,497 | -58.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,635 | -€1,862 | -€6,497 | |
| Amounts payable | 17/49 | €95,008 | €97,545 | +€2,537 | +2.7% |
| Amounts payable after more than one year | 17 | €24,133 | €14,045 | -€10,088 | -41.8% |
| Financial debts | 170/4 | €24,133 | €14,045 | -€10,088 | -41.8% |
| Amounts payable within one year | 42/48 | €70,875 | €83,500 | +€12,625 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €9,633 | €10,088 | +€455 | +4.7% |
| Trade debts | 44 | €3,607 | €19,242 | +€15,635 | +433% |
| Suppliers | 440/4 | €3,607 | €19,242 | +€15,635 | +433% |
| Taxes, remuneration and social security | 45 | €2,586 | €1,140 | -€1,446 | -55.9% |
| Taxes | 450/3 | €2,586 | €1,140 | -€1,446 | -55.9% |
| Other amounts payable | 47/48 | €55,048 | €53,030 | -€2,018 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,258 | €17,689 | +€5,431 | +44.3% |
| Other operating charges | 640/8 | €811 | €2,028 | +€1,217 | +150% |
| Gross operating margin | 9900 | €12,660 | €14,775 | +€2,115 | +16.7% |
| Operating profit (loss) | 9901 | -€409 | -€4,941 | -€4,533 | -1,109% |
| Financial charges | 65/66B | €1,108 | €1,219 | +€111 | +10.0% |
| Recurring financial charges | 65 | €1,108 | €1,219 | +€111 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,517 | -€6,160 | -€4,644 | -306% |
| Income taxes | 67/77 | €804 | €337 | -€467 | -58.1% |
| Profit (loss) for the period | 9904 | -€2,321 | -€6,497 | -€4,176 | -180% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,321 | -€6,497 | -€4,176 | -180% |
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.