TRANSPORTS GANIC: 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.
TRANSPORTS GANIC
Largest movements
- Cash -€3,312
down €3,312 (-5.2%), from €63,512 to €60,200
mainly Net result for the year (-€15,239) and Receivables within one year (-€2,116)
- Tangible fixed assets -€2,837
down €2,837 (-100%), from €2,837 to €0
- Receivables within one year +€2,116
up €2,116 (+785%), from €269 to €2,385
of which Trade receivables: +€2,385
- Profit (loss) carried forward -€15,239
down €15,239 (-363%), from -€4,197 to -€19,436
- Other debts +€11,200
up €11,200 (+484%), from €2,315 to €13,515
- Gross operating margin -€11,138
down €11,138 (-617%), from -€1,806 to -€12,944
- Other operating charges +€2,349
up €2,349 (+265%), from €887 to €3,236
- Depreciation -€1,417
down €1,417 (-100%), from €1,417 to €0
- Financial income +€1,022
new in 2025: €1,022
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 | €66,618 | €62,585 | -€4,032 | -6.1% |
| Fixed assets | 21/28 | €2,837 | €0 | -€2,837 | -100% |
| Tangible fixed assets | 22/27 | €2,837 | €0 | -€2,837 | -100% |
| Plant, machinery and equipment | 23 | €2,837 | €0 | -€2,837 | -100% |
| Current assets | 29/58 | €63,781 | €62,585 | -€1,196 | -1.9% |
| Amounts receivable within one year | 40/41 | €269 | €2,385 | +€2,116 | +785% |
| Trade receivables | 40 | - | €2,385 | +€2,385 | |
| Other amounts receivable | 41 | €269 | €0 | -€269 | -100% |
| Cash at bank and in hand | 54/58 | €63,512 | €60,200 | -€3,312 | -5.2% |
| Total equity and liabilities | 10/49 | €66,618 | €62,585 | -€4,032 | -6.1% |
| Equity | 10/15 | €63,691 | €48,453 | -€15,239 | -23.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €49,297 | €49,297 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €47,437 | €47,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,197 | -€19,436 | -€15,239 | -363% |
| Amounts payable | 17/49 | €2,926 | €14,133 | +€11,207 | +383% |
| Amounts payable within one year | 42/48 | €2,926 | €14,133 | +€11,207 | +383% |
| Trade debts | 44 | €611 | €618 | +€7 | +1.1% |
| Suppliers | 440/4 | €611 | €618 | +€7 | +1.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,315 | €13,515 | +€11,200 | +484% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €0 | -€1,417 | -100% |
| Other operating charges | 640/8 | €887 | €3,236 | +€2,349 | +265% |
| Gross operating margin | 9900 | -€1,806 | -€12,944 | -€11,138 | -617% |
| Operating profit (loss) | 9901 | -€4,110 | -€16,180 | -€12,070 | -294% |
| Financial income | 75/76B | - | €1,022 | +€1,022 | |
| Recurring financial income | 75 | - | €1,022 | +€1,022 | |
| Financial charges | 65/66B | €87 | €81 | -€6 | -7.1% |
| Recurring financial charges | 65 | €87 | €81 | -€6 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,197 | -€15,239 | -€11,042 | -263% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | -€4,197 | -€15,239 | -€11,042 | -263% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,197 | -€15,239 | -€11,042 | -263% |
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.