TE TRANS: 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.
TE TRANS
Largest movements
- Tangible fixed assets -€764,542
down €764,542 (-22.0%), from €3.5m to €2.7m
of which Leasing and similar rights: -€563,659
- Receivables within one year -€194,706
down €194,706 (-9.2%), from €2.1m to €1.9m
of which Trade receivables: -€234,183
- Deferred charges and accrued income +€82,851
up €82,851 (+448.7%), from €18,465 to €101,317
- Debts after one year -€853,565
down €853,565 (-27.3%), from €3.1m to €2.3m
of which Financial debts: -€1.1m
- Tax, wage and social debts +€438,409
up €438,409 (+97.5%), from €449,425 to €887,834
of which Remuneration and social security: +€227,569
- Other debts -€249,283
down €249,283 (-91.0%), from €273,836 to €24,553
- Short-term financial debts -€73,410
down €73,410 (-14.3%), from €513,357 to €439,947
- Depreciation -€211,757
down €211,757 (-21.9%), from €966,089 to €754,332
- Staff costs +€197,737
up €197,737 (+5.1%), from €3.9m to €4.1m
- Other operating charges +€113,010
up €113,010 (+204.0%), from €55,386 to €168,396
- Gross operating margin +€88,066
up €88,066 (+1.7%), from €5.2m to €5.3m
- Financial charges +€68,549
up €68,549 (+34.4%), from €199,200 to €267,749
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.
Cash bridge derived
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 | €7,131,536 | €6,300,703 | -€830,833 | -11.7% |
| Fixed assets | 21/28 | €4,994,839 | €4,230,297 | -€764,542 | -15.3% |
| Tangible fixed assets | 22/27 | €3,473,483 | €2,708,941 | -€764,542 | -22.0% |
| Plant, machinery and equipment | 23 | €1,838 | €1,435 | -€403 | -21.9% |
| Furniture and vehicles | 24 | €894,082 | €693,891 | -€200,191 | -22.4% |
| Leasing and similar rights | 25 | €2,575,671 | €2,012,012 | -€563,659 | -21.9% |
| Other tangible fixed assets | 26 | €1,892 | €1,603 | -€289 | -15.3% |
| Financial fixed assets | 28 | €1,521,355 | €1,521,355 | = | 0.0% |
| Current assets | 29/58 | €2,136,698 | €2,070,407 | -€66,291 | -3.1% |
| Amounts receivable within one year | 40/41 | €2,115,816 | €1,921,111 | -€194,706 | -9.2% |
| Trade receivables | 40 | €2,080,126 | €1,845,942 | -€234,183 | -11.3% |
| Other amounts receivable | 41 | €35,691 | €75,168 | +€39,477 | +110.6% |
| Cash at bank and in hand | 54/58 | €2,416 | €47,979 | +€45,564 | +1886.1% |
| Deferred charges and accrued income | 490/1 | €18,465 | €101,317 | +€82,851 | +448.7% |
| Total equity and liabilities | 10/49 | €7,131,536 | €6,300,703 | -€830,833 | -11.7% |
| Equity | 10/15 | €835,873 | €847,447 | +€11,574 | +1.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €463,000 | €463,000 | = | 0.0% |
| Distributable reserves | 133 | €463,000 | €463,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,413 | €363,987 | +€11,574 | +3.3% |
| Provisions and deferred taxes | 16 | €41,368 | - | -€41,368 | |
| Provisions for liabilities and charges | 160/5 | €41,368 | - | -€41,368 | |
| Taxes | 161 | €41,368 | - | -€41,368 | |
| Amounts payable | 17/49 | €6,254,295 | €5,453,257 | -€801,039 | -12.8% |
| Amounts payable after more than one year | 17 | €3,125,204 | €2,271,639 | -€853,565 | -27.3% |
| Financial debts | 170/4 | €3,095,204 | €1,973,064 | -€1.1m | -36.3% |
| Other amounts payable | 178/9 | €30,000 | €298,575 | +€268,575 | +895.2% |
| Amounts payable within one year | 42/48 | €3,112,710 | €3,181,618 | +€68,908 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €1,086,708 | €1,057,571 | -€29,136 | -2.7% |
| Financial debts | 43 | €513,357 | €439,947 | -€73,410 | -14.3% |
| Credit institutions | 430/8 | €513,357 | €439,947 | -€73,410 | -14.3% |
| Trade debts | 44 | €789,385 | €771,714 | -€17,671 | -2.2% |
| Suppliers | 440/4 | €789,385 | €771,714 | -€17,671 | -2.2% |
| Taxes, remuneration and social security | 45 | €449,425 | €887,834 | +€438,409 | +97.5% |
| Taxes | 450/3 | €147,984 | €358,824 | +€210,840 | +142.5% |
| Remuneration and social security | 454/9 | €301,441 | €529,010 | +€227,569 | +75.5% |
| Other amounts payable | 47/48 | €273,836 | €24,553 | -€249,283 | -91.0% |
| Accrued charges and deferred income | 492/3 | €16,381 | - | -€16,381 | |
| Non-recurring operating income | 76A | €263,809 | €868 | -€262,940 | -99.7% |
| Remuneration, social security and pensions | 62 | €3,854,851 | €4,052,588 | +€197,737 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966,089 | €754,332 | -€211,757 | -21.9% |
| Other operating charges | 640/8 | €55,386 | €168,396 | +€113,010 | +204.0% |
| Gross operating margin | 9900 | €5,206,861 | €5,294,927 | +€88,066 | +1.7% |
| Operating profit (loss) | 9901 | €330,536 | €319,612 | -€10,924 | -3.3% |
| Financial income | 75/76B | €9,132 | €27 | -€9,105 | -99.7% |
| Recurring financial income | 75 | €9,132 | €27 | -€9,105 | -99.7% |
| Financial charges | 65/66B | €199,200 | €267,749 | +€68,549 | +34.4% |
| Recurring financial charges | 65 | €199,200 | €267,749 | +€68,549 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €140,468 | €51,890 | -€88,578 | -63.1% |
| Income taxes | 67/77 | €49,805 | €40,316 | -€9,488 | -19.1% |
| Profit (loss) for the period | 9904 | €90,663 | €11,574 | -€79,089 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,663 | €11,574 | -€79,089 | -87.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.