W.R. TRANS: 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.
W.R. TRANS
Largest movements
- Tangible fixed assets -€77,790
down €77,790 (-61.5%), from €126,568 to €48,777
of which Leasing and similar rights: -€72,967
- Formation expenses +€31,102
new in 2025: €31,102
- Deferred charges and accrued income -€15,811
down €15,811 (-95.6%), from €16,541 to €731
- Receivables within one year +€5,979
up €5,979 (+20.3%), from €29,473 to €35,452
of which Trade receivables: +€6,928
- Debts after one year -€61,956
down €61,956 (-52.6%), from €117,713 to €55,757
- Other debts +€25,307
up €25,307 (+177%), from €14,302 to €39,609
- Trade debts +€25,197
up €25,197 (+45.6%), from €55,250 to €80,447
- Current portion of long-term debt -€17,581
down €17,581 (-27.0%), from €65,102 to €47,521
- Tax, wage and social debts -€14,222
down €14,222 (-71.2%), from €19,969 to €5,747
of which Taxes: -€14,400
- Staff costs -€30,736
down €30,736 (-99.8%), from €30,802 to €66
- Depreciation -€17,532
down €17,532 (-36.4%), from €48,186 to €30,654
- Gross operating margin -€11,927
down €11,927 (-20.0%), from €59,668 to €47,740
- Other operating charges -€8,283
down €8,283 (-74.4%), from €11,128 to €2,846
- Financial charges +€5,411
up €5,411 (+46.4%), from €11,665 to €17,076
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 | €183,272 | €127,177 | -€56,095 | -30.6% |
| Formation expenses | 20 | - | €31,102 | +€31,102 | |
| Fixed assets | 21/28 | €137,258 | €59,307 | -€77,950 | -56.8% |
| Tangible fixed assets | 22/27 | €126,568 | €48,777 | -€77,790 | -61.5% |
| Plant, machinery and equipment | 23 | €573 | €324 | -€249 | -43.5% |
| Furniture and vehicles | 24 | €4,281 | €29 | -€4,252 | -99.3% |
| Leasing and similar rights | 25 | €117,792 | €44,825 | -€72,967 | -61.9% |
| Other tangible fixed assets | 26 | €3,922 | €3,599 | -€322 | -8.2% |
| Financial fixed assets | 28 | €10,690 | €10,530 | -€160 | -1.5% |
| Current assets | 29/58 | €46,014 | €36,768 | -€9,246 | -20.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €29,473 | €35,452 | +€5,979 | +20.3% |
| Trade receivables | 40 | €27,212 | €34,140 | +€6,928 | +25.5% |
| Other amounts receivable | 41 | €2,261 | €1,312 | -€949 | -42.0% |
| Cash at bank and in hand | 54/58 | - | €585 | +€585 | |
| Deferred charges and accrued income | 490/1 | €16,541 | €731 | -€15,811 | -95.6% |
| Total equity and liabilities | 10/49 | €183,272 | €127,177 | -€56,095 | -30.6% |
| Equity | 10/15 | -€124,040 | -€127,385 | -€3,345 | -2.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €35,143 | €35,143 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €35,143 | €35,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,732 | -€181,078 | -€3,345 | -1.9% |
| Amounts payable | 17/49 | €307,311 | €254,562 | -€52,749 | -17.2% |
| Amounts payable after more than one year | 17 | €117,713 | €55,757 | -€61,956 | -52.6% |
| Financial debts | 170/4 | €117,713 | €55,757 | -€61,956 | -52.6% |
| Amounts payable within one year | 42/48 | €183,454 | €190,809 | +€7,355 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €65,102 | €47,521 | -€17,581 | -27.0% |
| Financial debts | 43 | €28,831 | €17,484 | -€11,346 | -39.4% |
| Credit institutions | 430/8 | €317 | €409 | +€92 | +29.1% |
| Other loans | 439 | €28,514 | €17,075 | -€11,439 | -40.1% |
| Trade debts | 44 | €55,250 | €80,447 | +€25,197 | +45.6% |
| Suppliers | 440/4 | €55,250 | €80,447 | +€25,197 | +45.6% |
| Taxes, remuneration and social security | 45 | €19,969 | €5,747 | -€14,222 | -71.2% |
| Taxes | 450/3 | €19,969 | €5,569 | -€14,400 | -72.1% |
| Remuneration and social security | 454/9 | €0 | €178 | +€178 | |
| Other amounts payable | 47/48 | €14,302 | €39,609 | +€25,307 | +177% |
| Accrued charges and deferred income | 492/3 | €6,144 | €7,996 | +€1,852 | +30.1% |
| Non-recurring operating income | 76A | €41,923 | €826 | -€41,096 | -98.0% |
| Remuneration, social security and pensions | 62 | €30,802 | €66 | -€30,736 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,186 | €30,654 | -€17,532 | -36.4% |
| Other operating charges | 640/8 | €11,128 | €2,846 | -€8,283 | -74.4% |
| Operating charges capitalised as restructuring costs | 649 | - | -€35,255 | -€35,255 | |
| Non-recurring operating charges | 66A | €10,545 | €35,676 | +€25,130 | +238% |
| Gross operating margin | 9900 | €59,668 | €47,740 | -€11,927 | -20.0% |
| Operating profit (loss) | 9901 | -€40,994 | €13,755 | +€54,749 | |
| Financial income | 75/76B | €594 | €35 | -€558 | -94.1% |
| Recurring financial income | 75 | €594 | €35 | -€558 | -94.1% |
| Financial charges | 65/66B | €11,665 | €17,076 | +€5,411 | +46.4% |
| Recurring financial charges | 65 | €11,665 | €17,076 | +€5,411 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | -€52,065 | -€3,287 | +€48,779 | +93.7% |
| Income taxes | 67/77 | €137 | €59 | -€78 | -56.9% |
| Profit (loss) for the period | 9904 | -€52,202 | -€3,345 | +€48,857 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,202 | -€3,345 | +€48,857 | +93.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.