TRANSPORT +: what changed
What changed
TRANSPORT +
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
-€57,558
2024 · €1,972-€59,530
Equity
-€25,941
2024 · €31,617-€57,558
Cash
€805
2024 · €1,283-€479
Balance sheet total
€141,382
2024 · €275,524-€134,142
Largest movements
Assets
- Receivables within one year -€127,468
down €127,468 (-56.4%), from €225,929 to €98,461
of which Trade receivables: -€132,148
- Tangible fixed assets -€6,195
down €6,195 (-64.7%), from €9,571 to €3,377
of which Leasing and similar rights: -€5,560
Equity and liabilities
- Other debts -€139,151
down €139,151 (-73.9%), from €188,416 to €49,265
- Trade debts +€80,292
up €80,292 (+313%), from €25,650 to €105,942
- Profit (loss) carried forward -€54,793
down €54,793, from €8,882 to -€45,911
- Tax, wage and social debts -€11,385
down €11,385 (-54.8%), from €20,764 to €9,379
of which Taxes: -€20,764
- Current portion of long-term debt -€3,136
down €3,136 (-57.9%), from €5,418 to €2,282
Income statement
- Gross operating margin -€86,307
down €86,307 (-49.1%), from €175,658 to €89,351
- Staff costs -€23,875
down €23,875 (-14.6%), from €163,516 to €139,641
- Taxes -€1,774
no longer reported in 2025 (was €1,774)
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
€1,972
Gross operating margin
-€86,307
Staff costs
+€23,875
Other operating charges
+€1,323
Financial income
+€0
Financial charges
-€195
Taxes
+€1,774
Result 2025
-€57,558
raises the resultlowers the result
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
+€4,939
Investment
€0
Financing
-€5,418
Cash 2024
€1,283
From operations (derived)
+€4,939
Net result for the year
-€57,558
Depreciation
+€6,195
Receivables within one year
+€127,468
Provisions
-€922
Trade debts
+€80,292
Tax, wage and social debts
-€11,385
Other debts
-€139,151
Financing
-€5,418
Debts after one year
-€2,282
Current portion of long-term debt
-€3,136
Cash 2025
€805
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,524 | €141,382 | -€134,142 | -48.7% |
| Fixed assets | 21/28 | €46,650 | €40,455 | -€6,195 | -13.3% |
| Tangible fixed assets | 22/27 | €9,571 | €3,377 | -€6,195 | -64.7% |
| Furniture and vehicles | 24 | €1,269 | €635 | -€635 | -50.0% |
| Leasing and similar rights | 25 | €8,302 | €2,742 | -€5,560 | -67.0% |
| Financial fixed assets | 28 | €37,078 | €37,078 | = | 0.0% |
| Current assets | 29/58 | €228,874 | €100,928 | -€127,947 | -55.9% |
| Amounts receivable within one year | 40/41 | €225,929 | €98,461 | -€127,468 | -56.4% |
| Trade receivables | 40 | €225,929 | €93,781 | -€132,148 | -58.5% |
| Other amounts receivable | 41 | - | €4,680 | +€4,680 | |
| Cash at bank and in hand | 54/58 | €1,283 | €805 | -€479 | -37.3% |
| Deferred charges and accrued income | 490/1 | €1,662 | €1,662 | = | 0.0% |
| Total equity and liabilities | 10/49 | €275,524 | €141,382 | -€134,142 | -48.7% |
| Equity | 10/15 | €31,617 | -€25,941 | -€57,558 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,135 | €1,371 | -€2,765 | -66.9% |
| Tax-exempt reserves | 132 | €4,135 | €1,371 | -€2,765 | -66.9% |
| Profit (loss) carried forward | 14 | €8,882 | -€45,911 | -€54,793 | |
| Provisions and deferred taxes | 16 | €1,378 | €457 | -€922 | -66.9% |
| Deferred taxes | 168 | €1,378 | €457 | -€922 | -66.9% |
| Amounts payable | 17/49 | €242,529 | €166,866 | -€75,663 | -31.2% |
| Amounts payable after more than one year | 17 | €2,282 | - | -€2,282 | |
| Financial debts | 170/4 | €2,282 | - | -€2,282 | |
| Amounts payable within one year | 42/48 | €240,247 | €166,866 | -€73,381 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €5,418 | €2,282 | -€3,136 | -57.9% |
| Trade debts | 44 | €25,650 | €105,942 | +€80,292 | +313% |
| Suppliers | 440/4 | €25,650 | €105,942 | +€80,292 | +313% |
| Taxes, remuneration and social security | 45 | €20,764 | €9,379 | -€11,385 | -54.8% |
| Taxes | 450/3 | €20,764 | - | -€20,764 | |
| Remuneration and social security | 454/9 | - | €9,379 | +€9,379 | |
| Other amounts payable | 47/48 | €188,416 | €49,265 | -€139,151 | -73.9% |
| Remuneration, social security and pensions | 62 | €163,516 | €139,641 | -€23,875 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,195 | €6,195 | = | 0.0% |
| Other operating charges | 640/8 | €2,067 | €744 | -€1,323 | -64.0% |
| Gross operating margin | 9900 | €175,658 | €89,351 | -€86,307 | -49.1% |
| Operating profit (loss) | 9901 | €3,880 | -€57,229 | -€61,109 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900% |
| Financial charges | 65/66B | €1,055 | €1,251 | +€195 | +18.5% |
| Recurring financial charges | 65 | €1,055 | €1,251 | +€195 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €2,825 | -€58,479 | -€61,304 | |
| Transfer from deferred taxes | 780 | €922 | €922 | = | 0.0% |
| Income taxes | 67/77 | €1,774 | - | -€1,774 | |
| Profit (loss) for the period | 9904 | €1,972 | -€57,558 | -€59,530 | |
| Transfer from tax-exempt reserves | 789 | €2,765 | €2,765 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,737 | -€54,793 | -€59,530 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.