T.M. TRANS: 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.
What changed
T.M. TRANS
NACE 53.200, Other postal and courier activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€306
2024 · -€5,430+€5,735
Equity
€107,894
2024 · €107,588+€306
Cash
€14,181
2024 · €9,978+€4,204
Balance sheet total
€413,587
2024 · €435,317-€21,730
Largest movements
Assets
- Tangible fixed assets -€21,018
down €21,018 (-5.3%), from €396,641 to €375,623
of which Land and buildings: -€10,909
- Deferred charges and accrued income -€4,909
down €4,909 (-24.9%), from €19,740 to €14,831
Equity and liabilities
- Debts after one year -€27,334
down €27,334 (-10.6%), from €258,419 to €231,085
- Other debts +€10,283
up €10,283 (+124%), from €8,262 to €18,545
- Current portion of long-term debt -€9,633
down €9,633 (-26.1%), from €36,967 to €27,334
Income statement
- Depreciation -€4,234
down €4,234 (-10.8%), from €39,226 to €34,992
- Gross operating margin +€3,123
up €3,123 (+6.9%), from €45,536 to €48,659
- Financial charges +€630
up €630 (+9.6%), from €6,553 to €7,183
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.
Result 2024
-€5,430
Gross operating margin
+€3,123
Depreciation
+€4,234
Other operating charges
+€45
Financial income
-€26
Financial charges
-€630
Taxes
-€123
Deferred taxes and other
-€887
Result 2025
€306
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€55,144
Investment
-€13,974
Financing
-€36,967
Cash 2024
€9,978
From operations (derived)
+€55,144
Net result for the year
+€306
Depreciation
+€34,992
Receivables within one year
+€7
Deferred charges and accrued income
+€4,909
Provisions
-€801
Trade debts
+€793
Tax, wage and social debts
+€3,372
Other debts
+€10,283
Accrued charges and deferred income
+€1,284
Investment (derived)
-€13,974
Investment in fixed assets (net)
-€13,974
Financing
-€36,967
Debts after one year
-€27,334
Current portion of long-term debt
-€9,633
Cash 2025
€14,181
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,317 | €413,587 | -€21,730 | -5.0% |
| Fixed assets | 21/28 | €405,589 | €384,571 | -€21,018 | -5.2% |
| Tangible fixed assets | 22/27 | €396,641 | €375,623 | -€21,018 | -5.3% |
| Land and buildings | 22 | €312,001 | €301,092 | -€10,909 | -3.5% |
| Plant, machinery and equipment | 23 | €3,281 | €2,739 | -€541 | -16.5% |
| Furniture and vehicles | 24 | €81,359 | €71,792 | -€9,568 | -11.8% |
| Financial fixed assets | 28 | €8,948 | €8,948 | = | 0.0% |
| Current assets | 29/58 | €29,729 | €29,016 | -€712 | -2.4% |
| Amounts receivable within one year | 40/41 | €10 | €3 | -€7 | -66.7% |
| Other amounts receivable | 41 | €10 | €3 | -€7 | -66.7% |
| Cash at bank and in hand | 54/58 | €9,978 | €14,181 | +€4,204 | +42.1% |
| Deferred charges and accrued income | 490/1 | €19,740 | €14,831 | -€4,909 | -24.9% |
| Total equity and liabilities | 10/49 | €435,317 | €413,587 | -€21,730 | -5.0% |
| Equity | 10/15 | €107,588 | €107,894 | +€306 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,871 | €60,177 | +€306 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €20,586 | €18,182 | -€2,404 | -11.7% |
| Distributable reserves | 133 | €37,425 | €41,994 | +€4,569 | +12.2% |
| Profit (loss) carried forward | 14 | €29,117 | €29,117 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,429 | €2,627 | -€801 | -23.4% |
| Deferred taxes | 168 | €3,429 | €2,627 | -€801 | -23.4% |
| Amounts payable | 17/49 | €324,300 | €303,065 | -€21,235 | -6.5% |
| Amounts payable after more than one year | 17 | €258,419 | €231,085 | -€27,334 | -10.6% |
| Financial debts | 170/4 | €258,419 | €231,085 | -€27,334 | -10.6% |
| Amounts payable within one year | 42/48 | €65,086 | €69,901 | +€4,815 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €36,967 | €27,334 | -€9,633 | -26.1% |
| Trade debts | 44 | €12,346 | €13,140 | +€793 | +6.4% |
| Suppliers | 440/4 | €12,346 | €13,140 | +€793 | +6.4% |
| Taxes, remuneration and social security | 45 | €7,510 | €10,882 | +€3,372 | +44.9% |
| Taxes | 450/3 | €7,510 | €10,882 | +€3,372 | +44.9% |
| Other amounts payable | 47/48 | €8,262 | €18,545 | +€10,283 | +124% |
| Accrued charges and deferred income | 492/3 | €795 | €2,079 | +€1,284 | +161% |
| Non-recurring operating income | 76A | - | €11,004 | +€11,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,226 | €34,992 | -€4,234 | -10.8% |
| Other operating charges | 640/8 | €2,588 | €2,543 | -€45 | -1.7% |
| Gross operating margin | 9900 | €45,536 | €48,659 | +€3,123 | +6.9% |
| Operating profit (loss) | 9901 | €3,722 | €11,124 | +€7,402 | +199% |
| Financial income | 75/76B | €30 | €4 | -€26 | -87.7% |
| Recurring financial income | 75 | €30 | €4 | -€26 | -87.7% |
| Financial charges | 65/66B | €6,553 | €7,183 | +€630 | +9.6% |
| Recurring financial charges | 65 | €6,553 | €7,183 | +€630 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,800 | €3,945 | +€6,745 | |
| Transfer from deferred taxes | 780 | €1,688 | €3,552 | +€1,864 | +110% |
| Transfer to deferred taxes | 680 | - | €2,751 | +€2,751 | |
| Income taxes | 67/77 | €4,317 | €4,441 | +€123 | +2.9% |
| Profit (loss) for the period | 9904 | -€5,430 | €306 | +€5,735 | |
| Transfer from tax-exempt reserves | 789 | €5,063 | €10,657 | +€5,593 | +110% |
| Transfer to tax-exempt reserves | 689 | - | €8,253 | +€8,253 | |
| Profit (loss) for the period to be appropriated | 9905 | -€367 | €2,709 | +€3,076 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.