TRANINCO: 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.
TRANINCO
Largest movements
- Tangible fixed assets -€3,966
down €3,966 (-7.0%), from €56,790 to €52,824
of which Land and buildings: -€3,436
- Cash -€2,099
down €2,099 (-57.9%), from €3,625 to €1,526
mainly Net result for the year (-€8,852) and Tax, wage and social debts (-€1,479)
- Receivables within one year -€1,130
down €1,130 (-7.2%), from €15,660 to €14,530
- Deferred charges and accrued income +€1,012
up €1,012 (+7.2%), from €14,009 to €15,021
- Profit (loss) carried forward -€8,852
down €8,852 (-5.8%), from -€153,459 to -€162,311
- Trade debts +€4,137
up €4,137 (+10.9%), from €37,969 to €42,106
- Tax, wage and social debts -€1,479
down €1,479 (-39.8%), from €3,717 to €2,238
- Gross operating margin +€6,118
up €6,118 (+175%), from €3,496 to €9,614
- Depreciation -€512
down €512 (-11.4%), from €4,479 to €3,966
- Other operating charges +€429
up €429 (+11.1%), from €3,860 to €4,289
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 | €90,084 | €83,901 | -€6,183 | -6.9% |
| Fixed assets | 21/28 | €56,790 | €52,824 | -€3,966 | -7.0% |
| Tangible fixed assets | 22/27 | €56,790 | €52,824 | -€3,966 | -7.0% |
| Land and buildings | 22 | €56,260 | €52,824 | -€3,436 | -6.1% |
| Plant, machinery and equipment | 23 | €530 | - | -€530 | |
| Current assets | 29/58 | €33,293 | €31,077 | -€2,217 | -6.7% |
| Amounts receivable within one year | 40/41 | €15,660 | €14,530 | -€1,130 | -7.2% |
| Trade receivables | 40 | €15,660 | €14,530 | -€1,130 | -7.2% |
| Cash at bank and in hand | 54/58 | €3,625 | €1,526 | -€2,099 | -57.9% |
| Deferred charges and accrued income | 490/1 | €14,009 | €15,021 | +€1,012 | +7.2% |
| Total equity and liabilities | 10/49 | €90,084 | €83,901 | -€6,183 | -6.9% |
| Equity | 10/15 | -€51,036 | -€59,888 | -€8,852 | -17.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €83,831 | €83,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,108 | €1,108 | = | 0.0% |
| Distributable reserves | 133 | €80,863 | €80,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,459 | -€162,311 | -€8,852 | -5.8% |
| Provisions and deferred taxes | 16 | €161 | €161 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €161 | €161 | = | 0.0% |
| Environmental obligations | 163 | €161 | - | -€161 | |
| Other liabilities and charges | 164/5 | - | €161 | +€161 | |
| Amounts payable | 17/49 | €140,959 | €143,628 | +€2,669 | +1.9% |
| Amounts payable after more than one year | 17 | €99,000 | €99,000 | = | 0.0% |
| Financial debts | 170/4 | €99,000 | €99,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,686 | €44,344 | +€2,658 | +6.4% |
| Trade debts | 44 | €37,969 | €42,106 | +€4,137 | +10.9% |
| Suppliers | 440/4 | €37,969 | €42,106 | +€4,137 | +10.9% |
| Taxes, remuneration and social security | 45 | €3,717 | €2,238 | -€1,479 | -39.8% |
| Taxes | 450/3 | €3,717 | €2,238 | -€1,479 | -39.8% |
| Accrued charges and deferred income | 492/3 | €274 | €284 | +€11 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,479 | €3,966 | -€512 | -11.4% |
| Other operating charges | 640/8 | €3,860 | €4,289 | +€429 | +11.1% |
| Gross operating margin | 9900 | €3,496 | €9,614 | +€6,118 | +175% |
| Operating profit (loss) | 9901 | -€4,843 | €1,358 | +€6,201 | |
| Financial charges | 65/66B | €10,165 | €10,210 | +€45 | +0.4% |
| Recurring financial charges | 65 | €10,165 | €10,210 | +€45 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,008 | -€8,852 | +€6,156 | +41.0% |
| Profit (loss) for the period | 9904 | -€15,008 | -€8,852 | +€6,156 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,008 | -€8,852 | +€6,156 | +41.0% |
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 13 October 2026 via checked.be.