Trangar: 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.
What changed
Trangar
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€69,082
2024 · €67,439+€1,643
Equity
€3.0m
2024 · €2.9m+€69,082
Cash
€82,082
2024 · €71,851+€10,231
Balance sheet total
€3.6m
2024 · €3.6m-€16,246
Largest movements
Assets
- Tangible fixed assets -€95,090
down €95,090 (-3.9%), from €2.5m to €2.4m
of which Land and buildings: -€82,107
- Current investments +€40,000
up €40,000 (+6.2%), from €648,295 to €688,295
Equity and liabilities
- Debts after one year -€96,287
down €96,287 (-18.8%), from €512,247 to €415,960
of which Financial debts: -€96,287
- Profit (loss) carried forward +€69,082
up €69,082 (+2.9%), from €2.4m to €2.5m
Income statement
- Gross operating margin -€11,523
down €11,523 (-4.4%), from €263,183 to €251,660
- Financial income +€10,702
up €10,702 (+42.1%), from €25,433 to €36,136
- Depreciation -€8,465
down €8,465 (-7.8%), from €107,968 to €99,503
- Staff costs +€5,472
up €5,472 (+11.4%), from €47,885 to €53,357
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.
Result 2024
€67,439
Gross operating margin
-€11,523
Staff costs
-€5,472
Depreciation
+€8,465
Other operating charges
-€1,258
Financial income
+€10,702
Financial charges
+€388
Taxes
+€341
Result 2025
€69,082
raises the resultlowers the result
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.
From operations
+€157,017
Investment
-€44,413
Financing
-€102,372
Cash 2024
€71,851
From operations (derived)
+€157,017
Net result for the year
+€69,082
Depreciation
+€99,503
Receivables within one year
-€28,546
Deferred charges and accrued income
-€67
Trade debts
+€5,619
Tax, wage and social debts
+€11,424
Investment (derived)
-€44,413
Investment in fixed assets (net)
-€4,413
Current investments
-€40,000
Financing
-€102,372
Debts after one year
-€96,287
Current portion of long-term debt
-€6,085
Cash 2025
€82,082
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,575,642 | €3,559,396 | -€16,246 | -0.5% |
| Fixed assets | 21/28 | €2,454,150 | €2,359,059 | -€95,090 | -3.9% |
| Tangible fixed assets | 22/27 | €2,453,960 | €2,358,869 | -€95,090 | -3.9% |
| Land and buildings | 22 | €2,030,528 | €1,948,421 | -€82,107 | -4.0% |
| Plant, machinery and equipment | 23 | €30,976 | €22,522 | -€8,454 | -27.3% |
| Other tangible fixed assets | 26 | €392,456 | €387,926 | -€4,530 | -1.2% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €1,121,493 | €1,200,337 | +€78,844 | +7.0% |
| Amounts receivable within one year | 40/41 | €384,898 | €413,444 | +€28,546 | +7.4% |
| Trade receivables | 40 | €17,776 | €14,520 | -€3,256 | -18.3% |
| Other amounts receivable | 41 | €367,123 | €398,924 | +€31,801 | +8.7% |
| Current investments | 50/53 | €648,295 | €688,295 | +€40,000 | +6.2% |
| Cash at bank and in hand | 54/58 | €71,851 | €82,082 | +€10,231 | +14.2% |
| Deferred charges and accrued income | 490/1 | €16,448 | €16,515 | +€67 | +0.4% |
| Total equity and liabilities | 10/49 | €3,575,642 | €3,559,396 | -€16,246 | -0.5% |
| Equity | 10/15 | €2,882,905 | €2,951,987 | +€69,082 | +2.4% |
| Contributions | 10/11 | €322,262 | €322,262 | = | 0.0% |
| Capital | 10 | €322,262 | €322,262 | = | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | = | 0.0% |
| Reserves | 13 | €174,539 | €174,539 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,226 | €32,226 | = | 0.0% |
| Legal reserve | 130 | €32,226 | €32,226 | = | 0.0% |
| Distributable reserves | 133 | €142,313 | €142,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,386,104 | €2,455,187 | +€69,082 | +2.9% |
| Amounts payable | 17/49 | €692,738 | €607,409 | -€85,329 | -12.3% |
| Amounts payable after more than one year | 17 | €512,247 | €415,960 | -€96,287 | -18.8% |
| Financial debts | 170/4 | €510,611 | €414,324 | -€96,287 | -18.9% |
| Other amounts payable | 178/9 | €1,636 | €1,636 | = | 0.0% |
| Amounts payable within one year | 42/48 | €180,491 | €191,449 | +€10,958 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €102,595 | €96,510 | -€6,085 | -5.9% |
| Trade debts | 44 | €31,468 | €37,088 | +€5,619 | +17.9% |
| Suppliers | 440/4 | €31,468 | €37,088 | +€5,619 | +17.9% |
| Taxes, remuneration and social security | 45 | €46,427 | €57,851 | +€11,424 | +24.6% |
| Taxes | 450/3 | €35,338 | €51,858 | +€16,520 | +46.7% |
| Remuneration and social security | 454/9 | €11,089 | €5,993 | -€5,096 | -46.0% |
| Remuneration, social security and pensions | 62 | €47,885 | €53,357 | +€5,472 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,968 | €99,503 | -€8,465 | -7.8% |
| Other operating charges | 640/8 | €31,588 | €32,846 | +€1,258 | +4.0% |
| Gross operating margin | 9900 | €263,183 | €251,660 | -€11,523 | -4.4% |
| Operating profit (loss) | 9901 | €75,742 | €65,954 | -€9,788 | -12.9% |
| Financial income | 75/76B | €25,433 | €36,136 | +€10,702 | +42.1% |
| Recurring financial income | 75 | €25,433 | €36,136 | +€10,702 | +42.1% |
| Financial charges | 65/66B | €7,407 | €7,019 | -€388 | -5.2% |
| Recurring financial charges | 65 | €7,407 | €7,019 | -€388 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €93,769 | €95,071 | +€1,302 | +1.4% |
| Income taxes | 67/77 | €26,329 | €25,988 | -€341 | -1.3% |
| Profit (loss) for the period | 9904 | €67,439 | €69,082 | +€1,643 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,439 | €69,082 | +€1,643 | +2.4% |
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 30 October 2026 via checked.be.