André Celis - Transcomat: 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
André Celis - Transcomat
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€28,701
2025 · -€4,202+€32,903
Equity
€5.3m
2025 · €5.3m+€28,701
Cash
€13,501
2025 · €2,091+€11,410
Balance sheet total
€11.5m
2025 · €10.9m+€657,927
Largest movements
Assets
- Receivables within one year +€460,377
up €460,377 (+14.3%), from €3.2m to €3.7m
of which Other amounts receivable: +€355,572
- Tangible fixed assets +€203,631
up €203,631 (+2.7%), from €7.5m to €7.7m
of which Assets under construction and advance payments: +€599,101
Equity and liabilities
- Debts after one year +€369,935
up €369,935 (+27.1%), from €1.4m to €1.7m
- Trade debts +€207,532
up €207,532 (+181.1%), from €114,601 to €322,133
Income statement
- Financial charges -€69,834
down €69,834 (-25.9%), from €269,271 to €199,437
- Other operating charges +€15,220
up €15,220 (+23.9%), from €63,771 to €78,991
- Taxes +€13,137
up €13,137 (+35.2%), from €37,304 to €50,441
- Depreciation +€13,073
up €13,073 (+2.7%), from €488,806 to €501,879
- Gross operating margin +€8,530
up €8,530 (+1.2%), from €718,844 to €727,374
From the 2025 result to the 2026 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 2025
-€4,202
Gross operating margin
+€8,530
Depreciation
-€13,073
Other operating charges
-€15,220
Financial income
-€6,070
Financial charges
+€69,834
Taxes
-€13,137
Deferred taxes and other
+€2,038
Result 2026
€28,701
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€296,012
Investment
-€705,509
Financing
+€420,907
Cash 2025
€2,091
From operations (derived)
+€296,012
Net result for the year
+€28,701
Depreciation
+€501,879
Receivables within one year
-€460,377
Deferred charges and accrued income
+€17,490
Provisions
-€7,851
Trade debts
+€207,532
Tax, wage and social debts
+€12,880
Accrued charges and deferred income
-€4,241
Investment (derived)
-€705,509
Investment in fixed assets (net)
-€705,509
Financing
+€420,907
Debts after one year
+€369,935
Current portion of long-term debt
+€50,972
Cash 2026
€13,501
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,890,721 | €11,548,648 | +€657,927 | +6.0% |
| Fixed assets | 21/28 | €7,500,149 | €7,703,779 | +€203,631 | +2.7% |
| Tangible fixed assets | 22/27 | €7,497,696 | €7,701,326 | +€203,631 | +2.7% |
| Land and buildings | 22 | €6,961,674 | €6,576,604 | -€385,070 | -5.5% |
| Furniture and vehicles | 24 | €8,792 | €3,392 | -€5,400 | -61.4% |
| Leasing and similar rights | 25 | €26,667 | €21,667 | -€5,000 | -18.7% |
| Other tangible fixed assets | 26 | €424,000 | €424,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €76,563 | €675,664 | +€599,101 | +782.5% |
| Financial fixed assets | 28 | €2,453 | €2,453 | = | 0.0% |
| Current assets | 29/58 | €3,390,572 | €3,844,869 | +€454,297 | +13.4% |
| Amounts receivable within one year | 40/41 | €3,222,539 | €3,682,916 | +€460,377 | +14.3% |
| Trade receivables | 40 | €82,030 | €186,835 | +€104,805 | +127.8% |
| Other amounts receivable | 41 | €3,140,509 | €3,496,080 | +€355,572 | +11.3% |
| Cash at bank and in hand | 54/58 | €2,091 | €13,501 | +€11,410 | +545.6% |
| Deferred charges and accrued income | 490/1 | €165,943 | €148,452 | -€17,490 | -10.5% |
| Total equity and liabilities | 10/49 | €10,890,721 | €11,548,648 | +€657,927 | +6.0% |
| Equity | 10/15 | €5,276,179 | €5,304,880 | +€28,701 | +0.5% |
| Contributions | 10/11 | €773,783 | €773,783 | = | 0.0% |
| Revaluation surpluses | 12 | €2,060,321 | €1,973,873 | -€86,448 | -4.2% |
| Reserves | 13 | €2,424,909 | €2,487,806 | +€62,896 | +2.6% |
| Tax-exempt reserves | 132 | €385,966 | €362,414 | -€23,552 | -6.1% |
| Distributable reserves | 133 | €2,038,943 | €2,125,391 | +€86,448 | +4.2% |
| Profit (loss) carried forward | 14 | €17,165 | €69,418 | +€52,252 | +304.4% |
| Provisions and deferred taxes | 16 | €128,655 | €120,805 | -€7,851 | -6.1% |
| Deferred taxes | 168 | €128,655 | €120,805 | -€7,851 | -6.1% |
| Amounts payable | 17/49 | €5,485,887 | €6,122,964 | +€637,077 | +11.6% |
| Amounts payable after more than one year | 17 | €1,365,684 | €1,735,619 | +€369,935 | +27.1% |
| Financial debts | 170/4 | €1,365,684 | €1,735,619 | +€369,935 | +27.1% |
| Amounts payable within one year | 42/48 | €4,111,621 | €4,383,005 | +€271,384 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €459,959 | €510,931 | +€50,972 | +11.1% |
| Financial debts | 43 | €3,500,000 | €3,500,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,500,000 | €3,500,000 | = | 0.0% |
| Trade debts | 44 | €114,601 | €322,133 | +€207,532 | +181.1% |
| Suppliers | 440/4 | €114,601 | €322,133 | +€207,532 | +181.1% |
| Taxes, remuneration and social security | 45 | €37,061 | €49,941 | +€12,880 | +34.8% |
| Taxes | 450/3 | €37,061 | €49,941 | +€12,880 | +34.8% |
| Accrued charges and deferred income | 492/3 | €8,581 | €4,340 | -€4,241 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488,806 | €501,879 | +€13,073 | +2.7% |
| Other operating charges | 640/8 | €63,771 | €78,991 | +€15,220 | +23.9% |
| Gross operating margin | 9900 | €718,844 | €727,374 | +€8,530 | +1.2% |
| Operating profit (loss) | 9901 | €166,267 | €146,505 | -€19,762 | -11.9% |
| Financial income | 75/76B | €130,294 | €124,223 | -€6,070 | -4.7% |
| Recurring financial income | 75 | €130,294 | €124,223 | -€6,070 | -4.7% |
| Financial charges | 65/66B | €269,271 | €199,437 | -€69,834 | -25.9% |
| Recurring financial charges | 65 | €269,271 | €199,437 | -€69,834 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €27,290 | €71,291 | +€44,001 | +161.2% |
| Transfer from deferred taxes | 780 | €5,812 | €7,851 | +€2,038 | +35.1% |
| Income taxes | 67/77 | €37,304 | €50,441 | +€13,137 | +35.2% |
| Profit (loss) for the period | 9904 | -€4,202 | €28,701 | +€32,903 | |
| Transfer from tax-exempt reserves | 789 | €17,436 | €23,552 | +€6,115 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,234 | €52,252 | +€39,018 | +294.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.