WORLD TRUCKS SERVICES: 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.
WORLD TRUCKS SERVICES
Largest movements
- Tangible fixed assets -€280,888
down €280,888 (-9.4%), from €3.0m to €2.7m
- Receivables within one year +€98,097
up €98,097 (+14.6%), from €670,824 to €768,921
of which Trade receivables: +€66,035
- Cash +€84,375
up €84,375 (+77.7%), from €108,643 to €193,017
mainly Depreciation (+€198,330) and Trade debts (+€190,155)
- Current investments -€80,000
down €80,000 (-47.1%), from €170,000 to €90,000
- Debts after one year -€328,727
down €328,727 (-15.5%), from €2.1m to €1.8m
- Trade debts +€190,155
up €190,155 (+38.1%), from €499,675 to €689,830
- Reserves -€91,100
down €91,100 (-7.6%), from €1.2m to €1.1m
- Gross operating margin -€239,570
down €239,570 (-14.5%), from €1.7m to €1.4m
- Depreciation -€182,779
down €182,779 (-48.0%), from €381,109 to €198,330
- Staff costs +€155,467
up €155,467 (+17.2%), from €904,531 to €1.1m
- Taxes -€72,582
down €72,582 (-94.4%), from €76,913 to €4,330
- Write-downs -€49,087
down €49,087, from €44,550 to -€4,536
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 | €4,309,148 | €4,147,992 | -€161,156 | -3.7% |
| Fixed assets | 21/28 | €2,992,708 | €2,711,819 | -€280,888 | -9.4% |
| Tangible fixed assets | 22/27 | €2,992,708 | €2,711,819 | -€280,888 | -9.4% |
| Land and buildings | 22 | €678,836 | €583,176 | -€95,660 | -14.1% |
| Plant, machinery and equipment | 23 | €83,778 | €95,209 | +€11,431 | +13.6% |
| Furniture and vehicles | 24 | €209,604 | €146,420 | -€63,184 | -30.1% |
| Assets under construction and advance payments | 27 | €2,020,490 | €1,887,014 | -€133,476 | -6.6% |
| Current assets | 29/58 | €1,316,440 | €1,436,173 | +€119,733 | +9.1% |
| Stocks and contracts in progress | 3 | €345,292 | €327,499 | -€17,793 | -5.2% |
| Stocks | 30/36 | €345,292 | €327,499 | -€17,793 | -5.2% |
| Amounts receivable within one year | 40/41 | €670,824 | €768,921 | +€98,097 | +14.6% |
| Trade receivables | 40 | €623,979 | €690,014 | +€66,035 | +10.6% |
| Other amounts receivable | 41 | €46,846 | €78,907 | +€32,062 | +68.4% |
| Current investments | 50/53 | €170,000 | €90,000 | -€80,000 | -47.1% |
| Cash at bank and in hand | 54/58 | €108,643 | €193,017 | +€84,375 | +77.7% |
| Deferred charges and accrued income | 490/1 | €21,682 | €56,736 | +€35,054 | +162% |
| Total equity and liabilities | 10/49 | €4,309,148 | €4,147,992 | -€161,156 | -3.7% |
| Equity | 10/15 | €1,257,722 | €1,166,681 | -€91,041 | -7.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,200,000 | €1,108,900 | -€91,100 | -7.6% |
| Distributable reserves | 133 | €1,200,000 | €1,108,900 | -€91,100 | -7.6% |
| Profit (loss) carried forward | 14 | €7,722 | €7,781 | +€59 | +0.8% |
| Amounts payable | 17/49 | €3,051,426 | €2,981,311 | -€70,115 | -2.3% |
| Amounts payable after more than one year | 17 | €2,122,442 | €1,793,715 | -€328,727 | -15.5% |
| Financial debts | 170/4 | €2,122,442 | €1,793,715 | -€328,727 | -15.5% |
| Amounts payable within one year | 42/48 | €928,984 | €1,187,596 | +€258,612 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €244,174 | €241,860 | -€2,314 | -0.9% |
| Trade debts | 44 | €499,675 | €689,830 | +€190,155 | +38.1% |
| Suppliers | 440/4 | €499,675 | €689,830 | +€190,155 | +38.1% |
| Taxes, remuneration and social security | 45 | €133,335 | €161,906 | +€28,570 | +21.4% |
| Taxes | 450/3 | €54,727 | €51,564 | -€3,163 | -5.8% |
| Remuneration and social security | 454/9 | €78,608 | €110,342 | +€31,734 | +40.4% |
| Other amounts payable | 47/48 | €51,800 | €94,000 | +€42,200 | +81.5% |
| Remuneration, social security and pensions | 62 | €904,531 | €1,059,998 | +€155,467 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381,109 | €198,330 | -€182,779 | -48.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,550 | -€4,536 | -€49,087 | |
| Other operating charges | 640/8 | €21,409 | €52,836 | +€31,427 | +147% |
| Gross operating margin | 9900 | €1,655,767 | €1,416,197 | -€239,570 | -14.5% |
| Operating profit (loss) | 9901 | €304,168 | €109,570 | -€194,599 | -64.0% |
| Financial income | 75/76B | €3,696 | €1,885 | -€1,811 | -49.0% |
| Recurring financial income | 75 | €3,696 | €1,885 | -€1,811 | -49.0% |
| Financial charges | 65/66B | €51,856 | €98,165 | +€46,309 | +89.3% |
| Recurring financial charges | 65 | €51,856 | €98,165 | +€46,309 | +89.3% |
| Profit (loss) for the period before taxes | 9903 | €256,008 | €13,289 | -€242,719 | -94.8% |
| Income taxes | 67/77 | €76,913 | €4,330 | -€72,582 | -94.4% |
| Profit (loss) for the period | 9904 | €179,096 | €8,959 | -€170,136 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €179,096 | €8,959 | -€170,136 | -95.0% |
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 24 October 2026 via checked.be.