TRAN HUU D.: 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.
TRAN HUU D.
Largest movements
- Tangible fixed assets -€14,965
down €14,965 (-5.2%), from €286,469 to €271,505
of which Other tangible fixed assets: -€11,648
- Cash -€9,920
down €9,920 (-26.1%), from €38,047 to €28,127
mainly Other debts (-€16,904) and Debts after one year (-€10,080)
- Receivables within one year +€4,354
up €4,354 (+128%), from €3,394 to €7,748
of which Other amounts receivable: +€2,691
- Other debts -€16,904
down €16,904 (-57.4%), from €29,452 to €12,548
- Debts after one year -€10,080
down €10,080 (-5.2%), from €195,723 to €185,643
- Profit (loss) carried forward +€6,877
up €6,877 (+13.8%), from €49,931 to €56,809
- Gross operating margin -€11,230
down €11,230 (-18.2%), from €61,669 to €50,439
- Financial charges +€1,992
up €1,992 (+32.3%), from €6,161 to €8,153
- Financial income -€1,604
down €1,604 (-99.3%), from €1,615 to €11
of which Non-recurring financial income: -€1,609
- Depreciation -€694
down €694 (-3.3%), from €21,208 to €20,514
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 | €330,065 | €309,710 | -€20,355 | -6.2% |
| Fixed assets | 21/28 | €286,469 | €271,505 | -€14,965 | -5.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €286,469 | €271,505 | -€14,965 | -5.2% |
| Land and buildings | 22 | €190,104 | €184,792 | -€5,312 | -2.8% |
| Plant, machinery and equipment | 23 | €1,571 | €1,198 | -€374 | -23.8% |
| Furniture and vehicles | 24 | €2,619 | €4,989 | +€2,370 | +90.5% |
| Other tangible fixed assets | 26 | €92,175 | €80,527 | -€11,648 | -12.6% |
| Current assets | 29/58 | €43,595 | €38,205 | -€5,390 | -12.4% |
| Amounts receivable within one year | 40/41 | €3,394 | €7,748 | +€4,354 | +128% |
| Trade receivables | 40 | €3,186 | €4,849 | +€1,663 | +52.2% |
| Other amounts receivable | 41 | €208 | €2,899 | +€2,691 | +1,292% |
| Cash at bank and in hand | 54/58 | €38,047 | €28,127 | -€9,920 | -26.1% |
| Deferred charges and accrued income | 490/1 | €2,155 | €2,330 | +€175 | +8.1% |
| Total equity and liabilities | 10/49 | €330,065 | €309,710 | -€20,355 | -6.2% |
| Equity | 10/15 | €89,331 | €96,209 | +€6,877 | +7.7% |
| Contributions | 10/11 | €39,400 | €39,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,931 | €56,809 | +€6,877 | +13.8% |
| Amounts payable | 17/49 | €240,734 | €213,501 | -€27,232 | -11.3% |
| Amounts payable after more than one year | 17 | €195,723 | €185,643 | -€10,080 | -5.2% |
| Financial debts | 170/4 | €195,723 | €185,643 | -€10,080 | -5.2% |
| Amounts payable within one year | 42/48 | €45,011 | €27,859 | -€17,152 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €9,918 | €10,080 | +€162 | +1.6% |
| Financial debts | 43 | €546 | €680 | +€135 | +24.7% |
| Credit institutions | 430/8 | €546 | €680 | +€135 | +24.7% |
| Trade debts | 44 | €2,096 | €1,551 | -€545 | -26.0% |
| Suppliers | 440/4 | €2,096 | €1,551 | -€545 | -26.0% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €29,452 | €12,548 | -€16,904 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,208 | €20,514 | -€694 | -3.3% |
| Other operating charges | 640/8 | €1,158 | €1,264 | +€106 | +9.1% |
| Gross operating margin | 9900 | €61,669 | €50,439 | -€11,230 | -18.2% |
| Operating profit (loss) | 9901 | €39,302 | €28,661 | -€10,641 | -27.1% |
| Financial income | 75/76B | €1,615 | €11 | -€1,604 | -99.3% |
| Recurring financial income | 75 | €6 | €11 | +€5 | +71.9% |
| Non-recurring financial income | 76B | €1,609 | - | -€1,609 | |
| Financial charges | 65/66B | €6,161 | €8,153 | +€1,992 | +32.3% |
| Recurring financial charges | 65 | €6,161 | €8,153 | +€1,992 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €34,756 | €20,519 | -€14,237 | -41.0% |
| Income taxes | 67/77 | €5,792 | €5,309 | -€483 | -8.3% |
| Profit (loss) for the period | 9904 | €28,965 | €15,210 | -€13,754 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,965 | €15,210 | -€13,754 | -47.5% |
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 29 October 2026 via checked.be.