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.
TRANSPORT KUSE
Largest movements
- Cash +€335,422
up €335,422 (+33.3%), from €1.0m to €1.3m
mainly Net result for the year (+€659,332) and Depreciation (+€238,117)
- Tangible fixed assets +€276,291
up €276,291 (+25.4%), from €1.1m to €1.4m
of which Furniture and vehicles: +€318,590
- Current investments +€75,000
up €75,000 (+9.4%), from €800,000 to €875,000
- Reserves +€349,930
up €349,930 (+14.5%), from €2.4m to €2.8m
of which Distributable reserves: +€349,930
- Other debts +€198,138
up €198,138 (+657.4%), from €30,141 to €228,280
- Tax, wage and social debts +€116,688
up €116,688 (+608.5%), from €19,177 to €135,865
of which Remuneration and social security: +€97,518
- Debts after one year +€88,921
up €88,921 (+23.1%), from €385,169 to €474,089
- Gross operating margin +€492,059
up €492,059 (+27.7%), from €1.8m to €2.3m
- Staff costs +€239,434
up €239,434 (+28.9%), from €827,840 to €1.1m
- Taxes +€67,608
up €67,608 (+30.0%), from €225,339 to €292,947
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,332,913 | €4,035,795 | +€702,882 | +21.1% |
| Fixed assets | 21/28 | €1,086,942 | €1,363,233 | +€276,291 | +25.4% |
| Tangible fixed assets | 22/27 | €1,086,942 | €1,363,233 | +€276,291 | +25.4% |
| Land and buildings | 22 | €676,016 | €628,377 | -€47,638 | -7.0% |
| Plant, machinery and equipment | 23 | €840 | €6,179 | +€5,339 | +635.4% |
| Furniture and vehicles | 24 | €410,086 | €728,676 | +€318,590 | +77.7% |
| Current assets | 29/58 | €2,245,971 | €2,672,562 | +€426,591 | +19.0% |
| Amounts receivable within one year | 40/41 | €438,316 | €454,495 | +€16,179 | +3.7% |
| Trade receivables | 40 | €357,037 | €380,656 | +€23,619 | +6.6% |
| Other amounts receivable | 41 | €81,279 | €73,839 | -€7,440 | -9.2% |
| Current investments | 50/53 | €800,000 | €875,000 | +€75,000 | +9.4% |
| Cash at bank and in hand | 54/58 | €1,007,390 | €1,342,811 | +€335,422 | +33.3% |
| Deferred charges and accrued income | 490/1 | €265 | €256 | -€9 | -3.4% |
| Total equity and liabilities | 10/49 | €3,332,913 | €4,035,795 | +€702,882 | +21.1% |
| Equity | 10/15 | €2,423,635 | €2,773,566 | +€349,930 | +14.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,405,043 | €2,754,974 | +€349,930 | +14.5% |
| Tax-exempt reserves | 132 | €126,019 | €126,019 | = | 0.0% |
| Distributable reserves | 133 | €2,279,024 | €2,628,954 | +€349,930 | +15.4% |
| Provisions and deferred taxes | 16 | €79,222 | €79,222 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €79,222 | €79,222 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,222 | €50,222 | = | 0.0% |
| Major repairs and maintenance | 162 | €29,000 | €29,000 | = | 0.0% |
| Amounts payable | 17/49 | €830,056 | €1,183,007 | +€352,952 | +42.5% |
| Amounts payable after more than one year | 17 | €385,169 | €474,089 | +€88,921 | +23.1% |
| Financial debts | 170/4 | €385,169 | €474,089 | +€88,921 | +23.1% |
| Amounts payable within one year | 42/48 | €444,887 | €708,918 | +€264,031 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | €237,600 | €205,637 | -€31,963 | -13.5% |
| Trade debts | 44 | €157,968 | €139,136 | -€18,832 | -11.9% |
| Suppliers | 440/4 | €157,968 | €139,136 | -€18,832 | -11.9% |
| Taxes, remuneration and social security | 45 | €19,177 | €135,865 | +€116,688 | +608.5% |
| Taxes | 450/3 | €14,025 | €33,196 | +€19,170 | +136.7% |
| Remuneration and social security | 454/9 | €5,152 | €102,670 | +€97,518 | +1892.9% |
| Other amounts payable | 47/48 | €30,141 | €228,280 | +€198,138 | +657.4% |
| Non-recurring operating income | 76A | €8,793 | - | -€8,793 | |
| Remuneration, social security and pensions | 62 | €827,840 | €1,067,275 | +€239,434 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,598 | €238,117 | +€21,519 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,759 | +€1,759 | |
| Other operating charges | 640/8 | €19,317 | €15,801 | -€3,516 | -18.2% |
| Gross operating margin | 9900 | €1,775,117 | €2,267,176 | +€492,059 | +27.7% |
| Operating profit (loss) | 9901 | €711,361 | €944,223 | +€232,862 | +32.7% |
| Financial income | 75/76B | €10,097 | €21,543 | +€11,445 | +113.4% |
| Recurring financial income | 75 | €10,097 | €21,543 | +€11,445 | +113.4% |
| Financial charges | 65/66B | €11,668 | €13,487 | +€1,819 | +15.6% |
| Recurring financial charges | 65 | €11,668 | €13,487 | +€1,819 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €709,791 | €952,279 | +€242,488 | +34.2% |
| Income taxes | 67/77 | €225,339 | €292,947 | +€67,608 | +30.0% |
| Profit (loss) for the period | 9904 | €484,452 | €659,332 | +€174,880 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €484,452 | €659,332 | +€174,880 | +36.1% |
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 27 September 2026 via checked.be.