TRANCOSA: 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.
TRANCOSA
Largest movements
- Tangible fixed assets +€26,749
up €26,749 (+57.3%), from €46,673 to €73,422
- Receivables within one year -€12,161
down €12,161 (-13.6%), from €89,733 to €77,572
- Cash +€10,162
up €10,162 (+368.9%), from €2,755 to €12,917
mainly Other debts (+€108,586) and Net result for the year (+€13,434)
- Other debts +€108,586
up €108,586 (+33.5%), from €324,033 to €432,619
- Debts after one year -€94,599
down €94,599 (-82.7%), from €114,387 to €19,788
- Profit (loss) carried forward +€13,434
up €13,434 (+34.9%), from -€38,499 to -€25,065
- Gross operating margin +€26,398
up €26,398 (+230.1%), from €11,474 to €37,872
- Financial charges -€3,036
down €3,036 (-33.9%), from €8,957 to €5,921
- Depreciation +€2,903
up €2,903 (+71.8%), from €4,044 to €6,947
- Taxes +€2,161
up €2,161 (+1021.0%), from €212 to €2,373
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 | €590,325 | €615,518 | +€25,194 | +4.3% |
| Fixed assets | 21/28 | €496,673 | €523,422 | +€26,749 | +5.4% |
| Tangible fixed assets | 22/27 | €46,673 | €73,422 | +€26,749 | +57.3% |
| Furniture and vehicles | 24 | €46,673 | €73,422 | +€26,749 | +57.3% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €93,652 | €92,097 | -€1,555 | -1.7% |
| Amounts receivable within one year | 40/41 | €89,733 | €77,572 | -€12,161 | -13.6% |
| Trade receivables | 40 | €89,733 | €77,572 | -€12,161 | -13.6% |
| Cash at bank and in hand | 54/58 | €2,755 | €12,917 | +€10,162 | +368.9% |
| Deferred charges and accrued income | 490/1 | €1,165 | €1,608 | +€443 | +38.0% |
| Total equity and liabilities | 10/49 | €590,325 | €615,518 | +€25,194 | +4.3% |
| Equity | 10/15 | €41,501 | €54,935 | +€13,434 | +32.4% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,499 | -€25,065 | +€13,434 | +34.9% |
| Amounts payable | 17/49 | €548,824 | €560,583 | +€11,760 | +2.1% |
| Amounts payable after more than one year | 17 | €114,387 | €19,788 | -€94,599 | -82.7% |
| Financial debts | 170/4 | €114,387 | €19,788 | -€94,599 | -82.7% |
| Amounts payable within one year | 42/48 | €434,437 | €540,796 | +€106,359 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €92,536 | €94,599 | +€2,063 | +2.2% |
| Trade debts | 44 | €4,342 | €3,517 | -€826 | -19.0% |
| Suppliers | 440/4 | €4,342 | €3,517 | -€826 | -19.0% |
| Taxes, remuneration and social security | 45 | €13,526 | €10,061 | -€3,465 | -25.6% |
| Taxes | 450/3 | €13,526 | €10,061 | -€3,465 | -25.6% |
| Other amounts payable | 47/48 | €324,033 | €432,619 | +€108,586 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,044 | €6,947 | +€2,903 | +71.8% |
| Other operating charges | 640/8 | €387 | €454 | +€67 | +17.3% |
| Non-recurring operating charges | 66A | - | €8,743 | +€8,743 | |
| Gross operating margin | 9900 | €11,474 | €37,872 | +€26,398 | +230.1% |
| Operating profit (loss) | 9901 | €7,043 | €21,728 | +€14,684 | +208.5% |
| Financial charges | 65/66B | €8,957 | €5,921 | -€3,036 | -33.9% |
| Recurring financial charges | 65 | €8,957 | €5,921 | -€3,036 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,913 | €15,807 | +€17,720 | |
| Income taxes | 67/77 | €212 | €2,373 | +€2,161 | +1021.0% |
| Profit (loss) for the period | 9904 | -€2,125 | €13,434 | +€15,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,125 | €13,434 | +€15,559 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.