WITRANS: 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
WITRANS
NACE 49.410, Freight transport by road
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€160,358
2023 · €128,519+€31,839
Equity
€1.6m
2023 · €1.4m+€230,696
Cash
€220,172
2023 · €334,870-€114,698
Balance sheet total
€4.2m
2023 · €4.2m+€13,732
Largest movements
Assets
- Receivables within one year +€132,328
up €132,328 (+39.1%), from €338,828 to €471,156
of which Trade receivables: +€120,989
- Cash -€114,698
down €114,698 (-34.3%), from €334,870 to €220,172
mainly Investment in fixed assets (net) (-€418,043) and Receivables within one year (-€132,328)
Equity and liabilities
- Profit (loss) carried forward +€159,542
up €159,542 (+76.1%), from €209,711 to €369,253
- Other debts -€97,119
down €97,119 (-99.4%), from €97,679 to €560
- Debts after one year -€82,671
down €82,671 (-3.9%), from €2.1m to €2.1m
- Investment grants +€70,980
up €70,980 (+135.1%), from €52,520 to €123,500
- Current portion of long-term debt -€45,747
down €45,747 (-10.2%), from €447,303 to €401,556
Income statement
- Gross operating margin +€37,929
up €37,929 (+2.7%), from €1.4m to €1.5m
- Financial charges +€16,139
up €16,139 (+46.9%), from €34,388 to €50,528
From the 2023 result to the 2024 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 2023
€128,519
Gross operating margin
+€37,929
Staff costs
-€10,732
Depreciation
+€14,075
Other operating charges
-€2,652
Financial income
+€9,099
Financial charges
-€16,139
Taxes
+€1,040
Deferred taxes and other
-€780
Result 2024
€160,358
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€361,424
Investment
-€418,043
Financing
-€58,080
Cash 2023
€334,870
From operations (derived)
+€361,424
Net result for the year
+€160,358
Depreciation
+€422,626
Receivables within one year
-€132,328
Deferred charges and accrued income
-€686
Provisions
-€13,130
Trade debts
+€25,929
Tax, wage and social debts
-€1,546
Other debts
-€97,119
Accrued charges and deferred income
-€2,680
Investment (derived)
-€418,043
Investment in fixed assets (net)
-€418,043
Financing
-€58,080
Debts after one year
-€82,671
Current portion of long-term debt
-€45,747
Contributions, distributions and other
+€70,338
Cash 2024
€220,172
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,221,311 | €4,235,044 | +€13,732 | +0.3% |
| Fixed assets | 21/28 | €3,543,689 | €3,539,106 | -€4,584 | -0.1% |
| Tangible fixed assets | 22/27 | €3,532,530 | €3,527,741 | -€4,789 | -0.1% |
| Land and buildings | 22 | €2,441,548 | €2,411,296 | -€30,252 | -1.2% |
| Plant, machinery and equipment | 23 | €287,044 | €248,126 | -€38,919 | -13.6% |
| Furniture and vehicles | 24 | €249,515 | €187,386 | -€62,130 | -24.9% |
| Leasing and similar rights | 25 | €554,423 | €680,934 | +€126,512 | +22.8% |
| Financial fixed assets | 28 | €11,159 | €11,364 | +€205 | +1.8% |
| Current assets | 29/58 | €677,622 | €695,938 | +€18,316 | +2.7% |
| Amounts receivable within one year | 40/41 | €338,828 | €471,156 | +€132,328 | +39.1% |
| Trade receivables | 40 | €322,415 | €443,403 | +€120,989 | +37.5% |
| Other amounts receivable | 41 | €16,413 | €27,753 | +€11,339 | +69.1% |
| Cash at bank and in hand | 54/58 | €334,870 | €220,172 | -€114,698 | -34.3% |
| Deferred charges and accrued income | 490/1 | €3,924 | €4,611 | +€686 | +17.5% |
| Total equity and liabilities | 10/49 | €4,221,311 | €4,235,044 | +€13,732 | +0.3% |
| Equity | 10/15 | €1,352,179 | €1,582,875 | +€230,696 | +17.1% |
| Contributions | 10/11 | €18,592 | €20,625 | +€2,033 | +10.9% |
| Reserves | 13 | €1,071,356 | €1,069,497 | -€1,859 | -0.2% |
| Non-distributable reserves | 130/1 | €12,768 | €10,909 | -€1,859 | -14.6% |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Other | 1319 | €10,909 | €10,909 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,732 | €82,732 | = | 0.0% |
| Distributable reserves | 133 | €975,855 | €975,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,711 | €369,253 | +€159,542 | +76.1% |
| Investment grants | 15 | €52,520 | €123,500 | +€70,980 | +135.1% |
| Provisions and deferred taxes | 16 | €13,130 | - | -€13,130 | |
| Deferred taxes | 168 | €13,130 | - | -€13,130 | |
| Amounts payable | 17/49 | €2,856,002 | €2,652,169 | -€203,833 | -7.1% |
| Amounts payable after more than one year | 17 | €2,142,638 | €2,059,967 | -€82,671 | -3.9% |
| Financial debts | 170/4 | €2,142,638 | €2,059,967 | -€82,671 | -3.9% |
| Amounts payable within one year | 42/48 | €710,543 | €592,060 | -€118,483 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €447,303 | €401,556 | -€45,747 | -10.2% |
| Trade debts | 44 | €54,908 | €80,837 | +€25,929 | +47.2% |
| Suppliers | 440/4 | €54,908 | €80,837 | +€25,929 | +47.2% |
| Taxes, remuneration and social security | 45 | €110,653 | €109,106 | -€1,546 | -1.4% |
| Taxes | 450/3 | €20,342 | €19,252 | -€1,090 | -5.4% |
| Remuneration and social security | 454/9 | €90,310 | €89,854 | -€456 | -0.5% |
| Other amounts payable | 47/48 | €97,679 | €560 | -€97,119 | -99.4% |
| Accrued charges and deferred income | 492/3 | €2,821 | €141 | -€2,680 | -95.0% |
| Non-recurring operating income | 76A | €87,866 | €56,485 | -€31,381 | -35.7% |
| Remuneration, social security and pensions | 62 | €754,356 | €765,088 | +€10,732 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436,701 | €422,626 | -€14,075 | -3.2% |
| Other operating charges | 640/8 | €31,909 | €34,561 | +€2,652 | +8.3% |
| Gross operating margin | 9900 | €1,424,335 | €1,462,264 | +€37,929 | +2.7% |
| Operating profit (loss) | 9901 | €201,370 | €239,989 | +€38,619 | +19.2% |
| Financial income | 75/76B | €6,151 | €15,250 | +€9,099 | +147.9% |
| Recurring financial income | 75 | €6,151 | €15,250 | +€9,099 | +147.9% |
| Financial charges | 65/66B | €34,388 | €50,528 | +€16,139 | +46.9% |
| Recurring financial charges | 65 | €34,388 | €50,528 | +€16,139 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €173,133 | €204,712 | +€31,579 | +18.2% |
| Transfer from deferred taxes | 780 | €780 | - | -€780 | |
| Income taxes | 67/77 | €45,394 | €44,354 | -€1,040 | -2.3% |
| Profit (loss) for the period | 9904 | €128,519 | €160,358 | +€31,839 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €128,519 | €160,358 | +€31,839 | +24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.