TB 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.
TB TRANS
Largest movements
- Cash +€221,204
up €221,204 (+42.5%), from €520,402 to €741,607
mainly Depreciation (+€187,451) and Net result for the year (+€103,942)
- Tangible fixed assets -€185,084
down €185,084 (-37.6%), from €491,595 to €306,512
of which Furniture and vehicles: -€151,416
- Reserves +€103,942
up €103,942 (+14.0%), from €740,088 to €844,030
of which Distributable reserves: +€103,942
- Debts after one year -€40,858
down €40,858 (-31.8%), from €128,587 to €87,728
- Current portion of long-term debt -€30,558
down €30,558 (-42.8%), from €71,416 to €40,858
- Accrued charges and deferred income +€15,449
up €15,449 (+108%), from €14,340 to €29,789
- Gross operating margin +€90,591
up €90,591 (+12.7%), from €710,687 to €801,279
- Staff costs +€51,297
up €51,297 (+13.3%), from €385,038 to €436,335
- Depreciation +€33,993
up €33,993 (+22.2%), from €153,458 to €187,451
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 | €1,418,003 | €1,471,208 | +€53,205 | +3.8% |
| Fixed assets | 21/28 | €491,635 | €306,552 | -€185,084 | -37.6% |
| Tangible fixed assets | 22/27 | €491,595 | €306,512 | -€185,084 | -37.6% |
| Plant, machinery and equipment | 23 | €12,568 | €4,640 | -€7,928 | -63.1% |
| Furniture and vehicles | 24 | €350,608 | €199,193 | -€151,416 | -43.2% |
| Leasing and similar rights | 25 | €128,419 | €102,679 | -€25,740 | -20.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €926,368 | €1,164,657 | +€238,289 | +25.7% |
| Amounts receivable within one year | 40/41 | €358,630 | €357,126 | -€1,504 | -0.4% |
| Trade receivables | 40 | €358,630 | €353,721 | -€4,910 | -1.4% |
| Other amounts receivable | 41 | €0 | €3,406 | +€3,406 | |
| Current investments | 50/53 | €28,072 | €41,272 | +€13,200 | +47.0% |
| Cash at bank and in hand | 54/58 | €520,402 | €741,607 | +€221,204 | +42.5% |
| Deferred charges and accrued income | 490/1 | €19,262 | €24,651 | +€5,389 | +28.0% |
| Total equity and liabilities | 10/49 | €1,418,003 | €1,471,208 | +€53,205 | +3.8% |
| Equity | 10/15 | €758,688 | €862,630 | +€103,942 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €740,088 | €844,030 | +€103,942 | +14.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €241,500 | €241,500 | = | 0.0% |
| Distributable reserves | 133 | €498,588 | €602,530 | +€103,942 | +20.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €659,315 | €608,578 | -€50,737 | -7.7% |
| Amounts payable after more than one year | 17 | €128,587 | €87,728 | -€40,858 | -31.8% |
| Financial debts | 170/4 | €128,587 | €87,728 | -€40,858 | -31.8% |
| Amounts payable within one year | 42/48 | €516,389 | €491,061 | -€25,328 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €71,416 | €40,858 | -€30,558 | -42.8% |
| Trade debts | 44 | €175,381 | €180,780 | +€5,399 | +3.1% |
| Suppliers | 440/4 | €175,381 | €180,780 | +€5,399 | +3.1% |
| Taxes, remuneration and social security | 45 | €68,030 | €62,701 | -€5,329 | -7.8% |
| Taxes | 450/3 | €24,732 | €13,668 | -€11,064 | -44.7% |
| Remuneration and social security | 454/9 | €43,298 | €49,032 | +€5,735 | +13.2% |
| Other amounts payable | 47/48 | €201,562 | €206,722 | +€5,160 | +2.6% |
| Accrued charges and deferred income | 492/3 | €14,340 | €29,789 | +€15,449 | +108% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €385,038 | €436,335 | +€51,297 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,458 | €187,451 | +€33,993 | +22.2% |
| Other operating charges | 640/8 | €10,551 | €7,369 | -€3,182 | -30.2% |
| Gross operating margin | 9900 | €710,687 | €801,279 | +€90,591 | +12.7% |
| Operating profit (loss) | 9901 | €161,640 | €170,124 | +€8,484 | +5.2% |
| Financial income | 75/76B | €4,579 | €1,775 | -€2,804 | -61.2% |
| Recurring financial income | 75 | €4,579 | €1,775 | -€2,804 | -61.2% |
| Financial charges | 65/66B | €18,710 | €21,119 | +€2,409 | +12.9% |
| Recurring financial charges | 65 | €18,710 | €21,119 | +€2,409 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €147,509 | €150,780 | +€3,271 | +2.2% |
| Income taxes | 67/77 | €43,820 | €46,838 | +€3,018 | +6.9% |
| Profit (loss) for the period | 9904 | €103,689 | €103,942 | +€253 | +0.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €103,689 | €103,942 | +€253 | +0.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.