Trancez: 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.
Trancez
Largest movements
- Cash -€61,384
no longer reported in 2026 (was €61,384)
mainly Contributions, distributions and other (-€123,000) and Investment in fixed assets (net) (-€57,894)
- Tangible fixed assets +€31,875
up €31,875 (+42.1%), from €75,768 to €107,643
of which Furniture and vehicles: +€38,311
- Receivables within one year -€8,407
down €8,407 (-15.8%), from €53,140 to €44,733
of which Other amounts receivable: -€8,502
- Reserves -€33,000
down €33,000 (-12.3%), from €267,620 to €234,620
of which Distributable reserves: -€33,000
- Debts after one year -€9,886
down €9,886 (-34.2%), from €28,869 to €18,983
- Tax, wage and social debts +€7,292
up €7,292 (+30.3%), from €24,085 to €31,377
of which Taxes: +€4,598
- Other debts -€6,311
down €6,311 (-12.6%), from €50,110 to €43,799
- Gross operating margin +€46,957
up €46,957 (+41.7%), from €112,497 to €159,454
- Depreciation +€15,367
up €15,367 (+144%), from €10,652 to €26,019
- Taxes +€9,926
up €9,926 (+32.4%), from €30,681 to €40,607
- Financial income -€8,625
down €8,625 (-96.6%), from €8,932 to €307
of which Non-recurring financial income: -€8,927
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €520,292 | €485,562 | -€34,730 | -6.7% |
| Fixed assets | 21/28 | €75,768 | €107,643 | +€31,875 | +42.1% |
| Tangible fixed assets | 22/27 | €75,768 | €107,643 | +€31,875 | +42.1% |
| Plant, machinery and equipment | 23 | €20,708 | €14,272 | -€6,436 | -31.1% |
| Furniture and vehicles | 24 | €55,060 | €93,371 | +€38,311 | +69.6% |
| Current assets | 29/58 | €444,524 | €377,919 | -€66,605 | -15.0% |
| Amounts receivable within one year | 40/41 | €53,140 | €44,733 | -€8,407 | -15.8% |
| Trade receivables | 40 | €38,638 | €38,733 | +€95 | +0.2% |
| Other amounts receivable | 41 | €14,502 | €6,000 | -€8,502 | -58.6% |
| Current investments | 50/53 | €330,000 | €333,186 | +€3,186 | +1.0% |
| Cash at bank and in hand | 54/58 | €61,384 | - | -€61,384 | |
| Total equity and liabilities | 10/49 | €520,292 | €485,562 | -€34,730 | -6.7% |
| Equity | 10/15 | €394,809 | €362,790 | -€32,019 | -8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €267,620 | €234,620 | -€33,000 | -12.3% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €267,000 | €234,000 | -€33,000 | -12.4% |
| Profit (loss) carried forward | 14 | €120,989 | €121,970 | +€981 | +0.8% |
| Amounts payable | 17/49 | €125,483 | €122,772 | -€2,711 | -2.2% |
| Amounts payable after more than one year | 17 | €28,869 | €18,983 | -€9,886 | -34.2% |
| Financial debts | 170/4 | €28,869 | €18,983 | -€9,886 | -34.2% |
| Amounts payable within one year | 42/48 | €96,614 | €101,966 | +€5,352 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €9,567 | €9,885 | +€318 | +3.3% |
| Trade debts | 44 | €12,216 | €16,269 | +€4,053 | +33.2% |
| Suppliers | 440/4 | €12,216 | €16,269 | +€4,053 | +33.2% |
| Advances received on contracts in progress | 46 | €636 | €636 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,085 | €31,377 | +€7,292 | +30.3% |
| Taxes | 450/3 | €18,534 | €23,132 | +€4,598 | +24.8% |
| Remuneration and social security | 454/9 | €5,551 | €8,245 | +€2,694 | +48.5% |
| Other amounts payable | 47/48 | €50,110 | €43,799 | -€6,311 | -12.6% |
| Accrued charges and deferred income | 492/3 | - | €1,823 | +€1,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,652 | €26,019 | +€15,367 | +144% |
| Other operating charges | 640/8 | €936 | €562 | -€374 | -40.0% |
| Gross operating margin | 9900 | €112,497 | €159,454 | +€46,957 | +41.7% |
| Operating profit (loss) | 9901 | €100,909 | €132,873 | +€31,964 | +31.7% |
| Financial income | 75/76B | €8,932 | €307 | -€8,625 | -96.6% |
| Recurring financial income | 75 | €5 | €307 | +€302 | +6,040% |
| Non-recurring financial income | 76B | €8,927 | - | -€8,927 | |
| Financial charges | 65/66B | €909 | €1,592 | +€683 | +75.1% |
| Recurring financial charges | 65 | €909 | €1,592 | +€683 | +75.1% |
| Profit (loss) for the period before taxes | 9903 | €108,932 | €131,588 | +€22,656 | +20.8% |
| Income taxes | 67/77 | €30,681 | €40,607 | +€9,926 | +32.4% |
| Profit (loss) for the period | 9904 | €78,251 | €90,981 | +€12,730 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,251 | €90,981 | +€12,730 | +16.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.