TP-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.
TP-TRANS
Largest movements
- Cash +€45,794
up €45,794 (+82.2%), from €55,689 to €101,483
mainly Depreciation (+€74,601) and Net result for the year (+€48,792)
- Tangible fixed assets -€23,144
down €23,144 (-7.9%), from €294,435 to €271,291
of which Plant, machinery and equipment: -€18,699
- Receivables within one year +€6,565
up €6,565 (+9.0%), from €73,189 to €79,754
of which Trade receivables: +€4,764
- Reserves +€48,792
up €48,792 (+28.1%), from €173,795 to €222,587
- Debts after one year -€32,561
down €32,561 (-20.4%), from €159,400 to €126,839
- Trade debts +€21,420
up €21,420 (+260.5%), from €8,224 to €29,644
- Tax, wage and social debts -€12,978
down €12,978 (-62.4%), from €20,812 to €7,834
- Gross operating margin +€65,949
up €65,949 (+66.6%), from €99,022 to €164,971
- Depreciation +€20,447
up €20,447 (+37.8%), from €54,154 to €74,601
- Financial charges +€10,993
up €10,993 (+175.3%), from €6,271 to €17,265
of which Non-recurring financial charges: +€8,113
- Taxes +€9,689
up €9,689 (+124.7%), from €7,773 to €17,462
- Staff costs +€4,505
new in 2025: €4,505
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 | €423,396 | €452,741 | +€29,345 | +6.9% |
| Fixed assets | 21/28 | €294,435 | €271,291 | -€23,144 | -7.9% |
| Tangible fixed assets | 22/27 | €294,435 | €271,291 | -€23,144 | -7.9% |
| Plant, machinery and equipment | 23 | €151,013 | €132,314 | -€18,699 | -12.4% |
| Furniture and vehicles | 24 | €143,422 | €138,977 | -€4,445 | -3.1% |
| Current assets | 29/58 | €128,961 | €181,450 | +€52,489 | +40.7% |
| Amounts receivable within one year | 40/41 | €73,189 | €79,754 | +€6,565 | +9.0% |
| Trade receivables | 40 | €70,162 | €74,926 | +€4,764 | +6.8% |
| Other amounts receivable | 41 | €3,027 | €4,828 | +€1,801 | +59.5% |
| Cash at bank and in hand | 54/58 | €55,689 | €101,483 | +€45,794 | +82.2% |
| Deferred charges and accrued income | 490/1 | €83 | €213 | +€130 | +157.0% |
| Total equity and liabilities | 10/49 | €423,396 | €452,741 | +€29,345 | +6.9% |
| Equity | 10/15 | €183,521 | €231,713 | +€48,192 | +26.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €173,795 | €222,587 | +€48,792 | +28.1% |
| Distributable reserves | 133 | €173,795 | €222,587 | +€48,792 | +28.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Investment grants | 15 | €2,226 | €1,626 | -€600 | -27.0% |
| Amounts payable | 17/49 | €239,875 | €221,028 | -€18,847 | -7.9% |
| Amounts payable after more than one year | 17 | €159,400 | €126,839 | -€32,561 | -20.4% |
| Financial debts | 170/4 | €159,400 | €126,839 | -€32,561 | -20.4% |
| Amounts payable within one year | 42/48 | €80,475 | €93,927 | +€13,452 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €45,650 | €50,051 | +€4,400 | +9.6% |
| Trade debts | 44 | €8,224 | €29,644 | +€21,420 | +260.5% |
| Suppliers | 440/4 | €8,224 | €29,644 | +€21,420 | +260.5% |
| Taxes, remuneration and social security | 45 | €20,812 | €7,834 | -€12,978 | -62.4% |
| Taxes | 450/3 | €20,812 | €7,834 | -€12,978 | -62.4% |
| Other amounts payable | 47/48 | €5,789 | €6,399 | +€610 | +10.5% |
| Accrued charges and deferred income | 492/3 | - | €262 | +€262 | |
| Remuneration, social security and pensions | 62 | - | €4,505 | +€4,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,154 | €74,601 | +€20,447 | +37.8% |
| Other operating charges | 640/8 | €1,104 | €2,946 | +€1,843 | +167.0% |
| Gross operating margin | 9900 | €99,022 | €164,971 | +€65,949 | +66.6% |
| Operating profit (loss) | 9901 | €43,765 | €82,919 | +€39,154 | +89.5% |
| Financial income | 75/76B | €600 | €600 | +€0 | 0.0% |
| Recurring financial income | 75 | €600 | €600 | +€0 | 0.0% |
| Financial charges | 65/66B | €6,271 | €17,265 | +€10,993 | +175.3% |
| Recurring financial charges | 65 | €6,271 | €9,152 | +€2,881 | +45.9% |
| Non-recurring financial charges | 66B | - | €8,113 | +€8,113 | |
| Profit (loss) for the period before taxes | 9903 | €38,094 | €66,254 | +€28,160 | +73.9% |
| Income taxes | 67/77 | €7,773 | €17,462 | +€9,689 | +124.7% |
| Profit (loss) for the period | 9904 | €30,321 | €48,792 | +€18,471 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,321 | €48,792 | +€18,471 | +60.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.