TRANSRAD: what changed
Two fiscal 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.
What changed
TRANSRAD
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€492,978
2024 · €929,945-€436,967
Equity
€2.3m
2024 · €2.2m+€44,630
Cash
€472,224
2024 · €657,327-€185,103
Balance sheet total
€6.7m
2024 · €7.6m-€858,291
Largest movements
Assets
- Receivables within one year -€2.2m
down €2.2m (-40.0%), from €5.5m to €3.3m
of which Trade receivables: -€2.1m
- Tangible fixed assets +€1.0m
up €1.0m (+85.4%), from €1.2m to €2.2m
of which Leasing and similar rights: +€882,000
- Current investments +€500,099
up €500,099 (+492.3%), from €101,577 to €601,676
- Cash -€185,103
down €185,103 (-28.2%), from €657,327 to €472,224
mainly Investment in fixed assets (net) (-€1.6m) and Trade debts (-€1.4m)
Equity and liabilities
- Trade debts -€1.4m
down €1.4m (-48.3%), from €2.9m to €1.5m
- Other debts -€802,073
down €802,073 (-61.9%), from €1.3m to €493,000
- Debts after one year +€710,095
new in 2025: €710,095
- Accrued charges and deferred income +€334,526
up €334,526 (+89.0%), from €375,750 to €710,276
- Current portion of long-term debt +€178,232
new in 2025: €178,232
Income statement
- Goods and materials -€681,632
down €681,632 (-6.8%), from €10.0m to €9.3m
- Turnover -€566,182
down €566,182 (-3.4%), from €16.8m to €16.2m
- Staff costs +€445,748
up €445,748 (+11.3%), from €3.9m to €4.4m
- Depreciation +€262,682
up €262,682 (+94.1%), from €279,237 to €541,919
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.
Result 2024
€929,945
Turnover
-€566,182
Other operating income
+€33,890
Goods and materials
+€681,632
Services and other goods
-€141,640
Staff costs
-€445,748
Depreciation
-€262,682
Write-downs
+€7,090
Provisions
-€27,770
Other operating charges
+€575
Other operating items
+€290,645
Financial income
-€155,992
Financial charges
+€5,647
Taxes
+€143,567
Result 2025
€492,978
Cash bridge derived
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.
From operations
+€1.4m
Investment
-€2.1m
Financing
+€439,978
Cash 2024
€657,327
From operations (derived)
+€1.4m
Net result for the year
+€492,978
Depreciation
+€541,919
Receivables within one year
+€2.2m
Deferred charges and accrued income
-€3,301
Trade debts
-€1.4m
Tax, wage and social debts
+€84,877
Other debts
-€802,073
Accrued charges and deferred income
+€334,526
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€1.6m
Current investments
-€500,099
Financing
+€439,978
Debts after one year
+€710,095
Current portion of long-term debt
+€178,232
Contributions, distributions and other
-€448,348
Cash 2025
€472,224
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,570,232 | €6,711,941 | -€858,291 | -11.3% |
| Fixed assets | 21/28 | €1,295,880 | €2,313,864 | +€1.0m | +78.6% |
| Intangible fixed assets | 21 | €3,750 | €11,237 | +€7,487 | +199.7% |
| Tangible fixed assets | 22/27 | €1,192,375 | €2,210,684 | +€1.0m | +85.4% |
| Land and buildings | 22 | €337,110 | €332,515 | -€4,596 | -1.4% |
| Plant, machinery and equipment | 23 | €86,642 | €34,107 | -€52,535 | -60.6% |
| Furniture and vehicles | 24 | €741,814 | €941,299 | +€199,485 | +26.9% |
| Leasing and similar rights | 25 | - | €882,000 | +€882,000 | |
| Other tangible fixed assets | 26 | €26,809 | €20,763 | -€6,046 | -22.6% |
| Financial fixed assets | 28 | €99,755 | €91,943 | -€7,812 | -7.8% |
| Other financial fixed assets | 284/8 | €99,755 | €91,943 | -€7,812 | -7.8% |
| Amounts receivable and cash guarantees | 285/8 | €99,755 | €91,943 | -€7,812 | -7.8% |
| Current assets | 29/58 | €6,274,353 | €4,398,077 | -€1.9m | -29.9% |
| Amounts receivable within one year | 40/41 | €5,488,665 | €3,294,092 | -€2.2m | -40.0% |
| Trade receivables | 40 | €5,334,544 | €3,219,265 | -€2.1m | -39.7% |
| Other amounts receivable | 41 | €154,121 | €74,828 | -€79,293 | -51.4% |
| Current investments | 50/53 | €101,577 | €601,676 | +€500,099 | +492.3% |
| Other investments | 51/53 | €101,577 | €601,676 | +€500,099 | +492.3% |
| Cash at bank and in hand | 54/58 | €657,327 | €472,224 | -€185,103 | -28.2% |
| Deferred charges and accrued income | 490/1 | €26,784 | €30,085 | +€3,301 | +12.3% |
| Total equity and liabilities | 10/49 | €7,570,232 | €6,711,941 | -€858,291 | -11.3% |
| Equity | 10/15 | €2,226,374 | €2,271,004 | +€44,630 | +2.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,676,374 | €1,676,352 | -€22 | 0.0% |
| Investment grants | 15 | - | €44,652 | +€44,652 | |
| Amounts payable | 17/49 | €5,343,859 | €4,440,937 | -€902,922 | -16.9% |
| Amounts payable after more than one year | 17 | - | €710,095 | +€710,095 | |
| Financial debts | 170/4 | - | €710,095 | +€710,095 | |
| Leasing and similar obligations | 172 | - | €710,095 | +€710,095 | |
| Amounts payable within one year | 42/48 | €4,968,109 | €3,020,566 | -€1.9m | -39.2% |
| Current portion of amounts payable after more than one year | 42 | - | €178,232 | +€178,232 | |
| Trade debts | 44 | €2,917,578 | €1,509,000 | -€1.4m | -48.3% |
| Suppliers | 440/4 | €2,917,578 | €1,509,000 | -€1.4m | -48.3% |
| Taxes, remuneration and social security | 45 | €755,458 | €840,335 | +€84,877 | +11.2% |
| Taxes | 450/3 | €71,705 | €125,007 | +€53,302 | +74.3% |
| Remuneration and social security | 454/9 | €683,753 | €715,328 | +€31,575 | +4.6% |
| Other amounts payable | 47/48 | €1,295,073 | €493,000 | -€802,073 | -61.9% |
| Accrued charges and deferred income | 492/3 | €375,750 | €710,276 | +€334,526 | +89.0% |
| Operating income | 70/76A | €17,033,343 | €16,605,122 | -€428,222 | -2.5% |
| Turnover | 70 | €16,814,379 | €16,248,197 | -€566,182 | -3.4% |
| Other operating income | 74 | €209,814 | €243,705 | +€33,890 | +16.2% |
| Non-recurring operating income | 76A | €9,150 | €113,220 | +€104,070 | +1137.4% |
| Operating charges | 60/66A | €15,812,071 | €15,814,038 | +€1,968 | 0.0% |
| Goods for resale, raw materials and consumables | 60 | €9,969,620 | €9,287,988 | -€681,632 | -6.8% |
| Purchases | 600/8 | €9,969,620 | €9,287,988 | -€681,632 | -6.8% |
| Services and other goods | 61 | €1,456,351 | €1,597,992 | +€141,640 | +9.7% |
| Remuneration, social security and pensions | 62 | €3,931,073 | €4,376,820 | +€445,748 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,237 | €541,919 | +€262,682 | +94.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,490 | €5,400 | -€7,090 | -56.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€27,770 | - | +€27,770 | |
| Other operating charges | 640/8 | €4,495 | €3,920 | -€575 | -12.8% |
| Non-recurring operating charges | 66A | €186,575 | - | -€186,575 | |
| Operating profit (loss) | 9901 | €1,221,273 | €791,084 | -€430,189 | -35.2% |
| Financial income | 75/76B | €170,822 | €14,830 | -€155,992 | -91.3% |
| Recurring financial income | 75 | €43,810 | €14,830 | -€28,979 | -66.1% |
| Income from current assets | 751 | €1,004 | €3,193 | +€2,190 | +218.2% |
| Other financial income | 752/9 | €42,806 | €11,637 | -€31,169 | -72.8% |
| Non-recurring financial income | 76B | €127,012 | - | -€127,012 | |
| Financial charges | 65/66B | €77,810 | €72,162 | -€5,647 | -7.3% |
| Recurring financial charges | 65 | €77,785 | €72,162 | -€5,623 | -7.2% |
| Debt charges | 650 | €31,537 | €45,370 | +€13,833 | +43.9% |
| Other financial charges | 652/9 | €46,248 | €26,792 | -€19,456 | -42.1% |
| Non-recurring financial charges | 66B | €24 | - | -€24 | |
| Profit (loss) for the period before taxes | 9903 | €1,314,285 | €733,752 | -€580,534 | -44.2% |
| Income taxes | 67/77 | €384,340 | €240,773 | -€143,567 | -37.4% |
| Taxes | 670/3 | €395,301 | €240,773 | -€154,528 | -39.1% |
| Tax adjustments and reversals of tax provisions | 77 | €10,961 | - | -€10,961 | |
| Profit (loss) for the period | 9904 | €929,945 | €492,978 | -€436,967 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €929,945 | €492,978 | -€436,967 | -47.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.