TRANSPORTBEL: 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.
TRANSPORTBEL
Largest movements
- Cash -€102,643
down €102,643 (-70.9%), from €144,861 to €42,218
mainly Net result for the year (-€100,402) and Trade debts (-€95,890)
- Tangible fixed assets -€23,693
down €23,693 (-64.7%), from €36,644 to €12,951
of which Furniture and vehicles: -€22,217
- Receivables within one year +€22,033
up €22,033 (+11.0%), from €201,124 to €223,157
of which Trade receivables: +€22,377
- Deferred charges and accrued income +€8,130
up €8,130 (+226%), from €3,602 to €11,732
- Tax, wage and social debts +€111,109
up €111,109 (+68.9%), from €161,296 to €272,405
of which Taxes: +€93,379
- Profit (loss) carried forward -€100,402
down €100,402, from €14,316 to -€86,086
- Trade debts -€95,890
down €95,890 (-68.2%), from €140,644 to €44,754
- Debts after one year -€12,608
down €12,608 (-35.2%), from €35,771 to €23,163
- Current portion of long-term debt -€6,097
down €6,097 (-32.6%), from €18,704 to €12,608
- Gross operating margin -€107,189
down €107,189 (-18.7%), from €574,025 to €466,837
- Staff costs +€74,567
up €74,567 (+18.7%), from €397,770 to €472,337
- Taxes -€36,161
down €36,161 (-52.0%), from €69,587 to €33,426
- Financial income +€11,846
up €11,846 (+288,923%), from €4 to €11,850
of which Non-recurring financial income: +€11,847
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 | €396,856 | €300,684 | -€96,172 | -24.2% |
| Fixed assets | 21/28 | €36,644 | €12,951 | -€23,693 | -64.7% |
| Tangible fixed assets | 22/27 | €36,644 | €12,951 | -€23,693 | -64.7% |
| Plant, machinery and equipment | 23 | €1,591 | €504 | -€1,087 | -68.3% |
| Furniture and vehicles | 24 | €34,077 | €11,860 | -€22,217 | -65.2% |
| Other tangible fixed assets | 26 | €976 | €588 | -€388 | -39.8% |
| Current assets | 29/58 | €360,212 | €287,733 | -€72,479 | -20.1% |
| Amounts receivable after more than one year | 29 | €10,626 | €10,626 | = | 0.0% |
| Trade receivables | 290 | €10,626 | €10,626 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €201,124 | €223,157 | +€22,033 | +11.0% |
| Trade receivables | 40 | €200,749 | €223,126 | +€22,377 | +11.1% |
| Other amounts receivable | 41 | €374 | €31 | -€343 | -91.7% |
| Cash at bank and in hand | 54/58 | €144,861 | €42,218 | -€102,643 | -70.9% |
| Deferred charges and accrued income | 490/1 | €3,602 | €11,732 | +€8,130 | +226% |
| Total equity and liabilities | 10/49 | €396,856 | €300,684 | -€96,172 | -24.2% |
| Equity | 10/15 | €38,646 | -€61,756 | -€100,402 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,330 | €14,330 | = | 0.0% |
| Distributable reserves | 133 | €14,330 | €14,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,316 | -€86,086 | -€100,402 | |
| Amounts payable | 17/49 | €358,210 | €362,441 | +€4,230 | +1.2% |
| Amounts payable after more than one year | 17 | €35,771 | €23,163 | -€12,608 | -35.2% |
| Financial debts | 170/4 | €35,771 | €23,163 | -€12,608 | -35.2% |
| Amounts payable within one year | 42/48 | €322,440 | €337,651 | +€15,212 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €18,704 | €12,608 | -€6,097 | -32.6% |
| Trade debts | 44 | €140,644 | €44,754 | -€95,890 | -68.2% |
| Suppliers | 440/4 | €140,644 | €44,754 | -€95,890 | -68.2% |
| Taxes, remuneration and social security | 45 | €161,296 | €272,405 | +€111,109 | +68.9% |
| Taxes | 450/3 | €127,446 | €220,825 | +€93,379 | +73.3% |
| Remuneration and social security | 454/9 | €33,849 | €51,580 | +€17,730 | +52.4% |
| Other amounts payable | 47/48 | €1,796 | €7,884 | +€6,089 | +339% |
| Accrued charges and deferred income | 492/3 | - | €1,626 | +€1,626 | |
| Remuneration, social security and pensions | 62 | €397,770 | €472,337 | +€74,567 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,621 | €23,693 | -€929 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €815 | +€815 | |
| Other operating charges | 640/8 | €24,698 | €27,826 | +€3,128 | +12.7% |
| Gross operating margin | 9900 | €574,025 | €466,837 | -€107,189 | -18.7% |
| Operating profit (loss) | 9901 | €126,936 | -€57,834 | -€184,770 | |
| Financial income | 75/76B | €4 | €11,850 | +€11,846 | +288,923% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -18.8% |
| Non-recurring financial income | 76B | - | €11,847 | +€11,847 | |
| Financial charges | 65/66B | €23,023 | €20,992 | -€2,032 | -8.8% |
| Recurring financial charges | 65 | €23,023 | €20,992 | -€2,032 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €103,917 | -€66,976 | -€170,893 | |
| Income taxes | 67/77 | €69,587 | €33,426 | -€36,161 | -52.0% |
| Profit (loss) for the period | 9904 | €34,330 | -€100,402 | -€134,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,330 | -€100,402 | -€134,732 |
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 28 October 2026 via checked.be.