TRANSPORTS DAVID ADAM: what changed
TRANSPORTS DAVID ADAM
Largest movements
- Tangible fixed assets +€77,903
up €77,903 (+31.3%), from €249,182 to €327,085
of which Furniture and vehicles: +€104,093
- Cash -€10,840
down €10,840 (-12.0%), from €90,648 to €79,809
mainly Investment in fixed assets (net) (-€160,502) and Contributions, distributions and other (-€61,000)
- Receivables within one year +€5,609
up €5,609 (+5.8%), from €96,258 to €101,867
of which Trade receivables: +€10,756
- Debts after one year +€47,246
up €47,246 (+38.3%), from €123,424 to €170,670
of which Other amounts payable: +€50,000
- Tax, wage and social debts +€25,039
up €25,039 (+102%), from €24,545 to €49,584
of which Taxes: +€24,736
- Reserves -€16,000
down €16,000 (-12.9%), from €123,860 to €107,860
- Current portion of long-term debt +€14,728
up €14,728 (+23.0%), from €63,962 to €78,690
- Trade debts -€7,324
down €7,324 (-20.9%), from €35,018 to €27,694
- Staff costs -€26,063
down €26,063 (-30.0%), from €86,758 to €60,695
- Taxes +€12,046
up €12,046 (+130%), from €9,255 to €21,301
- Gross operating margin +€11,585
up €11,585 (+5.4%), from €213,093 to €224,678
- Other operating charges -€5,673
down €5,673 (-36.6%), from €15,520 to €9,848
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,370 | €532,900 | +€71,530 | +15.5% |
| Fixed assets | 21/28 | €263,722 | €341,625 | +€77,903 | +29.5% |
| Tangible fixed assets | 22/27 | €249,182 | €327,085 | +€77,903 | +31.3% |
| Land and buildings | 22 | €148,337 | €137,844 | -€10,492 | -7.1% |
| Plant, machinery and equipment | 23 | €6,672 | €34,282 | +€27,610 | +414% |
| Furniture and vehicles | 24 | €24,764 | €128,857 | +€104,093 | +420% |
| Leasing and similar rights | 25 | €69,409 | €26,101 | -€43,308 | -62.4% |
| Financial fixed assets | 28 | €14,540 | €14,540 | = | 0.0% |
| Current assets | 29/58 | €197,648 | €191,275 | -€6,373 | -3.2% |
| Amounts receivable within one year | 40/41 | €96,258 | €101,867 | +€5,609 | +5.8% |
| Trade receivables | 40 | €90,788 | €101,544 | +€10,756 | +11.8% |
| Other amounts receivable | 41 | €5,470 | €323 | -€5,147 | -94.1% |
| Cash at bank and in hand | 54/58 | €90,648 | €79,809 | -€10,840 | -12.0% |
| Deferred charges and accrued income | 490/1 | €10,742 | €9,600 | -€1,142 | -10.6% |
| Total equity and liabilities | 10/49 | €461,370 | €532,900 | +€71,530 | +15.5% |
| Equity | 10/15 | €133,621 | €118,295 | -€15,327 | -11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,860 | €107,860 | -€16,000 | -12.9% |
| Distributable reserves | 133 | €123,860 | €107,860 | -€16,000 | -12.9% |
| Profit (loss) carried forward | 14 | €3,561 | €4,235 | +€673 | +18.9% |
| Amounts payable | 17/49 | €327,749 | €414,605 | +€86,856 | +26.5% |
| Amounts payable after more than one year | 17 | €123,424 | €170,670 | +€47,246 | +38.3% |
| Financial debts | 170/4 | €78,424 | €75,670 | -€2,754 | -3.5% |
| Other amounts payable | 178/9 | €45,000 | €95,000 | +€50,000 | +111% |
| Amounts payable within one year | 42/48 | €204,275 | €243,885 | +€39,610 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €63,962 | €78,690 | +€14,728 | +23.0% |
| Financial debts | 43 | €14,000 | €14,000 | = | 0.0% |
| Credit institutions | 430/8 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €35,018 | €27,694 | -€7,324 | -20.9% |
| Suppliers | 440/4 | €35,018 | €27,694 | -€7,324 | -20.9% |
| Taxes, remuneration and social security | 45 | €24,545 | €49,584 | +€25,039 | +102% |
| Taxes | 450/3 | €16,158 | €40,894 | +€24,736 | +153% |
| Remuneration and social security | 454/9 | €8,386 | €8,689 | +€303 | +3.6% |
| Other amounts payable | 47/48 | €66,750 | €73,917 | +€7,167 | +10.7% |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €86,758 | €60,695 | -€26,063 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,576 | €82,599 | +€23 | 0.0% |
| Other operating charges | 640/8 | €15,520 | €9,848 | -€5,673 | -36.6% |
| Gross operating margin | 9900 | €213,093 | €224,678 | +€11,585 | +5.4% |
| Operating profit (loss) | 9901 | €28,238 | €71,536 | +€43,298 | +153% |
| Financial income | 75/76B | €203 | €126 | -€77 | -37.8% |
| Recurring financial income | 75 | €203 | €126 | -€77 | -37.8% |
| Financial charges | 65/66B | €5,666 | €4,688 | -€978 | -17.3% |
| Recurring financial charges | 65 | €5,666 | €4,688 | -€978 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €22,775 | €66,975 | +€44,199 | +194% |
| Income taxes | 67/77 | €9,255 | €21,301 | +€12,046 | +130% |
| Profit (loss) for the period | 9904 | €13,520 | €45,673 | +€32,153 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €13,520 | €45,673 | +€32,153 | +238% |
Next steps
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 5 November 2026 via checked.be.