TraWeVE: what changed
What changed
TraWeVE
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€35,007
2024 · €38,353-€3,347
Equity
€133,513
2024 · €98,506+€35,007
Cash
€110,929
2024 · €98,901+€12,028
Balance sheet total
€190,234
2024 · €151,137+€39,097
Largest movements
Assets
- Tangible fixed assets +€28,598
up €28,598 (+106%), from €26,933 to €55,531
of which Furniture and vehicles: +€29,848
- Cash +€12,028
up €12,028 (+12.2%), from €98,901 to €110,929
mainly Net result for the year (+€35,007) and Debts after one year (+€20,606)
- Receivables within one year -€2,048
down €2,048 (-8.8%), from €23,244 to €21,196
Equity and liabilities
- Reserves +€35,007
up €35,007 (+39.6%), from €88,506 to €123,513
- Trade debts -€21,026
down €21,026 (-98.2%), from €21,401 to €375
- Debts after one year +€20,606
new in 2025: €20,606
- Current portion of long-term debt +€8,628
new in 2025: €8,628
- Other debts -€7,239
down €7,239 (-76.6%), from €9,456 to €2,217
Income statement
- Depreciation +€5,743
up €5,743 (+56.6%), from €10,150 to €15,893
- Taxes -€3,024
down €3,024 (-27.8%), from €10,893 to €7,870
- Gross operating margin -€685
down €685 (-1.1%), from €61,714 to €61,028
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
€38,353
Gross operating margin
-€685
Depreciation
-€5,743
Other operating charges
-€26
Other operating items
+€250
Financial income
+€150
Financial charges
-€315
Taxes
+€3,024
Result 2025
€35,007
raises the resultlowers the resultnot broken down further in the accounts
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
+€27,286
Investment
-€44,491
Financing
+€29,233
Cash 2024
€98,901
From operations (derived)
+€27,286
Net result for the year
+€35,007
Depreciation
+€15,893
Receivables within one year
+€2,048
Deferred charges and accrued income
-€520
Trade debts
-€21,026
Tax, wage and social debts
+€3,968
Other debts
-€7,239
Accrued charges and deferred income
-€846
Investment (derived)
-€44,491
Investment in fixed assets (net)
-€44,491
Financing
+€29,233
Debts after one year
+€20,606
Current portion of long-term debt
+€8,628
Cash 2025
€110,929
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,137 | €190,234 | +€39,097 | +25.9% |
| Fixed assets | 21/28 | €26,933 | €55,531 | +€28,598 | +106% |
| Tangible fixed assets | 22/27 | €26,933 | €55,531 | +€28,598 | +106% |
| Plant, machinery and equipment | 23 | €3,228 | €1,978 | -€1,250 | -38.7% |
| Furniture and vehicles | 24 | €23,706 | €53,553 | +€29,848 | +126% |
| Current assets | 29/58 | €124,203 | €134,703 | +€10,500 | +8.5% |
| Amounts receivable within one year | 40/41 | €23,244 | €21,196 | -€2,048 | -8.8% |
| Trade receivables | 40 | €23,244 | €21,196 | -€2,048 | -8.8% |
| Cash at bank and in hand | 54/58 | €98,901 | €110,929 | +€12,028 | +12.2% |
| Deferred charges and accrued income | 490/1 | €2,058 | €2,578 | +€520 | +25.2% |
| Total equity and liabilities | 10/49 | €151,137 | €190,234 | +€39,097 | +25.9% |
| Equity | 10/15 | €98,506 | €133,513 | +€35,007 | +35.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €88,506 | €123,513 | +€35,007 | +39.6% |
| Distributable reserves | 133 | €88,506 | €123,513 | +€35,007 | +39.6% |
| Amounts payable | 17/49 | €52,631 | €56,721 | +€4,090 | +7.8% |
| Amounts payable after more than one year | 17 | - | €20,606 | +€20,606 | |
| Financial debts | 170/4 | - | €20,606 | +€20,606 | |
| Amounts payable within one year | 42/48 | €51,545 | €35,876 | -€15,669 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,628 | +€8,628 | |
| Trade debts | 44 | €21,401 | €375 | -€21,026 | -98.2% |
| Suppliers | 440/4 | €21,401 | €375 | -€21,026 | -98.2% |
| Taxes, remuneration and social security | 45 | €20,688 | €24,656 | +€3,968 | +19.2% |
| Taxes | 450/3 | €17,576 | €24,656 | +€7,080 | +40.3% |
| Remuneration and social security | 454/9 | €3,112 | €0 | -€3,112 | -100% |
| Other amounts payable | 47/48 | €9,456 | €2,217 | -€7,239 | -76.6% |
| Accrued charges and deferred income | 492/3 | €1,086 | €240 | -€846 | -77.9% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,150 | €15,893 | +€5,743 | +56.6% |
| Other operating charges | 640/8 | €823 | €849 | +€26 | +3.2% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €61,714 | €61,028 | -€685 | -1.1% |
| Operating profit (loss) | 9901 | €50,491 | €44,286 | -€6,205 | -12.3% |
| Financial income | 75/76B | €30 | €180 | +€150 | +501% |
| Recurring financial income | 75 | €30 | €180 | +€150 | +501% |
| Financial charges | 65/66B | €1,274 | €1,589 | +€315 | +24.8% |
| Recurring financial charges | 65 | €1,274 | €1,589 | +€315 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €49,247 | €42,877 | -€6,370 | -12.9% |
| Income taxes | 67/77 | €10,893 | €7,870 | -€3,024 | -27.8% |
| Profit (loss) for the period | 9904 | €38,353 | €35,007 | -€3,347 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,353 | €35,007 | -€3,347 | -8.7% |
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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 2 November 2026 via checked.be.