TRANSPORT TAERWE: what changed
What changed
TRANSPORT TAERWE
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€37,206
2024 · -€30,027+€67,233
Equity
€94,404
2024 · €462,198-€367,794
Cash
€7,790
2024 · €13,022-€5,232
Balance sheet total
€677,224
2024 · €813,427-€136,203
Largest movements
Assets
- Receivables within one year -€103,931
down €103,931 (-16.0%), from €647,570 to €543,639
of which Other amounts receivable: -€290,867
- Tangible fixed assets -€19,474
down €19,474 (-15.0%), from €130,258 to €110,784
of which Furniture and vehicles: -€16,822
Equity and liabilities
- Profit (loss) carried forward -€367,794
down €367,794 (-93.3%), from €393,998 to €26,204
- Trade debts +€189,153
up €189,153 (+105%), from €180,736 to €369,889
- Other debts +€59,800
new in 2025: €59,800
- Short-term financial debts +€26,546
up €26,546 (+768%), from €3,454 to €30,000
of which Credit institutions: +€30,000
- Debts after one year -€26,165
down €26,165 (-26.5%), from €98,619 to €72,454
Income statement
- Staff costs -€43,675
down €43,675 (-23.1%), from €188,923 to €145,248
- Gross operating margin +€32,983
up €32,983 (+17.2%), from €191,466 to €224,449
- Depreciation +€8,227
up €8,227 (+73.2%), from €11,247 to €19,474
- Other operating charges -€6,987
down €6,987 (-31.0%), from €22,576 to €15,588
- Financial income -€4,307
down €4,307 (-91.8%), from €4,694 to €387
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€30,027
Gross operating margin
+€32,983
Staff costs
+€43,675
Depreciation
-€8,227
Other operating charges
+€6,987
Financial income
-€4,307
Financial charges
-€2,958
Taxes
-€921
Result 2025
€37,206
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€390,894
Investment
+€7,503
Financing
-€403,629
Cash 2024
€13,022
From operations (derived)
+€390,894
Net result for the year
+€37,206
Depreciation
+€19,474
Receivables within one year
+€103,931
Deferred charges and accrued income
+€63
Trade debts
+€189,153
Tax, wage and social debts
-€18,733
Other debts
+€59,800
Investment (derived)
+€7,503
Investment in fixed assets (net)
+€7,503
Current investments
+€0
Financing
-€403,629
Debts after one year
-€26,165
Current portion of long-term debt
+€990
Short-term financial debts
+€26,546
Contributions, distributions and other
-€405,000
Cash 2025
€7,790
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,427 | €677,224 | -€136,203 | -16.7% |
| Fixed assets | 21/28 | €138,114 | €111,137 | -€26,977 | -19.5% |
| Tangible fixed assets | 22/27 | €130,258 | €110,784 | -€19,474 | -15.0% |
| Land and buildings | 22 | €4,275 | €1,623 | -€2,652 | -62.0% |
| Furniture and vehicles | 24 | €125,983 | €109,161 | -€16,822 | -13.4% |
| Financial fixed assets | 28 | €7,856 | €353 | -€7,503 | -95.5% |
| Current assets | 29/58 | €675,313 | €566,087 | -€109,226 | -16.2% |
| Amounts receivable within one year | 40/41 | €647,570 | €543,639 | -€103,931 | -16.0% |
| Trade receivables | 40 | €253,355 | €440,291 | +€186,936 | +73.8% |
| Other amounts receivable | 41 | €394,215 | €103,348 | -€290,867 | -73.8% |
| Current investments | 50/53 | €12,000 | €12,000 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €13,022 | €7,790 | -€5,232 | -40.2% |
| Deferred charges and accrued income | 490/1 | €2,722 | €2,659 | -€63 | -2.3% |
| Total equity and liabilities | 10/49 | €813,427 | €677,224 | -€136,203 | -16.7% |
| Equity | 10/15 | €462,198 | €94,404 | -€367,794 | -79.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,998 | €26,204 | -€367,794 | -93.3% |
| Amounts payable | 17/49 | €351,229 | €582,820 | +€231,592 | +65.9% |
| Amounts payable after more than one year | 17 | €98,619 | €72,454 | -€26,165 | -26.5% |
| Financial debts | 170/4 | €98,619 | €72,454 | -€26,165 | -26.5% |
| Amounts payable within one year | 42/48 | €252,610 | €510,367 | +€257,756 | +102% |
| Current portion of amounts payable after more than one year | 42 | €25,175 | €26,165 | +€990 | +3.9% |
| Financial debts | 43 | €3,454 | €30,000 | +€26,546 | +768% |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Other loans | 439 | €3,454 | €0 | -€3,454 | -100% |
| Trade debts | 44 | €180,736 | €369,889 | +€189,153 | +105% |
| Suppliers | 440/4 | €180,736 | €369,889 | +€189,153 | +105% |
| Taxes, remuneration and social security | 45 | €43,245 | €24,513 | -€18,733 | -43.3% |
| Taxes | 450/3 | €16,076 | €915 | -€15,161 | -94.3% |
| Remuneration and social security | 454/9 | €27,169 | €23,597 | -€3,572 | -13.1% |
| Other amounts payable | 47/48 | - | €59,800 | +€59,800 | |
| Remuneration, social security and pensions | 62 | €188,923 | €145,248 | -€43,675 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,247 | €19,474 | +€8,227 | +73.2% |
| Other operating charges | 640/8 | €22,576 | €15,588 | -€6,987 | -31.0% |
| Gross operating margin | 9900 | €191,466 | €224,449 | +€32,983 | +17.2% |
| Operating profit (loss) | 9901 | -€31,279 | €44,139 | +€75,419 | |
| Financial income | 75/76B | €4,694 | €387 | -€4,307 | -91.8% |
| Recurring financial income | 75 | €4,694 | €387 | -€4,307 | -91.8% |
| Financial charges | 65/66B | €3,442 | €6,399 | +€2,958 | +85.9% |
| Recurring financial charges | 65 | €3,442 | €6,399 | +€2,958 | +85.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,027 | €38,127 | +€68,154 | |
| Income taxes | 67/77 | €0 | €921 | +€921 | |
| Profit (loss) for the period | 9904 | -€30,027 | €37,206 | +€67,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,027 | €37,206 | +€67,233 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.