FF-TRANZ: 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.
FF-TRANZ
Largest movements
- Receivables within one year +€361,566
up €361,566 (+200%), from €180,439 to €542,005
of which Trade receivables: +€184,136
- Financial fixed assets -€103,571
down €103,571 (-77.2%), from €134,185 to €30,614
- Cash +€103,508
up €103,508 (+70.5%), from €146,771 to €250,279
mainly Net result for the year (+€246,020) and Depreciation (+€151,562)
- Reserves +€246,020
up €246,020 (+39.9%), from €617,340 to €863,359
- Advances received +€105,415
new in 2025: €105,415
- Debts after one year -€68,452
down €68,452 (-13.7%), from €499,011 to €430,560
- Trade debts +€50,496
up €50,496 (+177%), from €28,484 to €78,980
- Tax, wage and social debts +€26,074
up €26,074 (+11.8%), from €220,125 to €246,199
of which Taxes: +€15,002
- Gross operating margin +€378,476
up €378,476 (+29.2%), from €1.3m to €1.7m
- Staff costs +€239,635
up €239,635 (+26.8%), from €892,921 to €1.1m
- Taxes +€44,683
up €44,683 (+69.5%), from €64,257 to €108,940
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 | €1,452,683 | €1,810,785 | +€358,103 | +24.7% |
| Fixed assets | 21/28 | €1,100,841 | €1,000,316 | -€100,525 | -9.1% |
| Tangible fixed assets | 22/27 | €966,656 | €969,702 | +€3,046 | +0.3% |
| Land and buildings | 22 | €541,798 | €526,102 | -€15,695 | -2.9% |
| Plant, machinery and equipment | 23 | €29,595 | €24,637 | -€4,958 | -16.8% |
| Furniture and vehicles | 24 | €281,576 | €333,836 | +€52,260 | +18.6% |
| Leasing and similar rights | 25 | €113,688 | €85,127 | -€28,561 | -25.1% |
| Financial fixed assets | 28 | €134,185 | €30,614 | -€103,571 | -77.2% |
| Current assets | 29/58 | €351,842 | €810,469 | +€458,627 | +130% |
| Amounts receivable within one year | 40/41 | €180,439 | €542,005 | +€361,566 | +200% |
| Trade receivables | 40 | €180,323 | €364,459 | +€184,136 | +102% |
| Other amounts receivable | 41 | €116 | €177,545 | +€177,430 | +153,141% |
| Cash at bank and in hand | 54/58 | €146,771 | €250,279 | +€103,508 | +70.5% |
| Deferred charges and accrued income | 490/1 | €24,632 | €18,185 | -€6,446 | -26.2% |
| Total equity and liabilities | 10/49 | €1,452,683 | €1,810,785 | +€358,103 | +24.7% |
| Equity | 10/15 | €619,840 | €865,859 | +€246,020 | +39.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €617,340 | €863,359 | +€246,020 | +39.9% |
| Distributable reserves | 133 | €617,340 | €863,359 | +€246,020 | +39.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €832,843 | €944,926 | +€112,083 | +13.5% |
| Amounts payable after more than one year | 17 | €499,011 | €430,560 | -€68,452 | -13.7% |
| Financial debts | 170/4 | €499,011 | €430,560 | -€68,452 | -13.7% |
| Amounts payable within one year | 42/48 | €333,831 | €514,366 | +€180,535 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €65,733 | €83,591 | +€17,858 | +27.2% |
| Financial debts | 43 | €198 | €180 | -€18 | -9.0% |
| Credit institutions | 430/8 | €198 | €180 | -€18 | -9.0% |
| Trade debts | 44 | €28,484 | €78,980 | +€50,496 | +177% |
| Suppliers | 440/4 | €28,484 | €78,980 | +€50,496 | +177% |
| Advances received on contracts in progress | 46 | - | €105,415 | +€105,415 | |
| Taxes, remuneration and social security | 45 | €220,125 | €246,199 | +€26,074 | +11.8% |
| Taxes | 450/3 | €82,024 | €97,026 | +€15,002 | +18.3% |
| Remuneration and social security | 454/9 | €138,101 | €149,173 | +€11,072 | +8.0% |
| Other amounts payable | 47/48 | €19,291 | - | -€19,291 | |
| Non-recurring operating income | 76A | €3,335 | €8,500 | +€5,165 | +155% |
| Remuneration, social security and pensions | 62 | €892,921 | €1,132,556 | +€239,635 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,983 | €151,562 | +€2,579 | +1.7% |
| Other operating charges | 640/8 | €13,807 | €12,208 | -€1,599 | -11.6% |
| Non-recurring operating charges | 66A | €0 | €206 | +€206 | |
| Gross operating margin | 9900 | €1,297,695 | €1,676,171 | +€378,476 | +29.2% |
| Operating profit (loss) | 9901 | €241,984 | €379,639 | +€137,655 | +56.9% |
| Financial income | 75/76B | €228 | €3,718 | +€3,489 | +1,527% |
| Recurring financial income | 75 | €228 | €3,718 | +€3,489 | +1,527% |
| Financial charges | 65/66B | €15,829 | €28,397 | +€12,568 | +79.4% |
| Recurring financial charges | 65 | €15,829 | €28,397 | +€12,568 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €226,384 | €354,960 | +€128,576 | +56.8% |
| Income taxes | 67/77 | €64,257 | €108,940 | +€44,683 | +69.5% |
| Profit (loss) for the period | 9904 | €162,127 | €246,020 | +€83,893 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €162,127 | €246,020 | +€83,893 | +51.7% |
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 15 October 2026 via checked.be.