TRANOV: 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.
TRANOV
Largest movements
- Receivables within one year +€58,367
up €58,367 (+785.8%), from €7,427 to €65,794
of which Trade receivables: +€59,105
- Cash -€17,545
down €17,545 (-39.5%), from €44,418 to €26,872
mainly Receivables within one year (-€58,367) and Current portion of long-term debt (-€10,802)
- Tangible fixed assets -€6,110
down €6,110 (-16.7%), from €36,509 to €30,399
- Stocks and contracts -€3,269
down €3,269 (-32.7%), from €10,009 to €6,740
- Trade debts +€36,901
up €36,901 (+795.8%), from €4,637 to €41,537
- Reserves +€26,919
up €26,919 (+61.1%), from €44,028 to €70,948
- Current portion of long-term debt -€10,802
down €10,802 (-59.6%), from €18,109 to €7,307
- Debts after one year -€7,307
no longer reported in 2025 (was €7,307)
- Tax, wage and social debts -€6,977
down €6,977 (-88.6%), from €7,870 to €893
- Staff costs +€60,108
up €60,108 (+50.8%), from €118,207 to €178,315
- Gross operating margin +€42,349
up €42,349 (+23.2%), from €182,394 to €224,743
- Taxes -€3,161
down €3,161 (-26.2%), from €12,066 to €8,905
- Depreciation +€3,114
up €3,114 (+54.6%), from €5,697 to €8,811
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 | €100,567 | €132,464 | +€31,897 | +31.7% |
| Fixed assets | 21/28 | €36,509 | €30,399 | -€6,110 | -16.7% |
| Tangible fixed assets | 22/27 | €36,509 | €30,399 | -€6,110 | -16.7% |
| Furniture and vehicles | 24 | €36,509 | €30,399 | -€6,110 | -16.7% |
| Current assets | 29/58 | €64,059 | €102,066 | +€38,007 | +59.3% |
| Stocks and contracts in progress | 3 | €10,009 | €6,740 | -€3,269 | -32.7% |
| Contracts in progress | 37 | €10,009 | €6,740 | -€3,269 | -32.7% |
| Amounts receivable within one year | 40/41 | €7,427 | €65,794 | +€58,367 | +785.8% |
| Trade receivables | 40 | €1,000 | €60,105 | +€59,105 | +5910.5% |
| Other amounts receivable | 41 | €6,427 | €5,689 | -€739 | -11.5% |
| Cash at bank and in hand | 54/58 | €44,418 | €26,872 | -€17,545 | -39.5% |
| Deferred charges and accrued income | 490/1 | €2,205 | €2,660 | +€455 | +20.6% |
| Total equity and liabilities | 10/49 | €100,567 | €132,464 | +€31,897 | +31.7% |
| Equity | 10/15 | €49,028 | €75,948 | +€26,919 | +54.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,028 | €70,948 | +€26,919 | +61.1% |
| Distributable reserves | 133 | €44,028 | €70,948 | +€26,919 | +61.1% |
| Amounts payable | 17/49 | €51,539 | €56,517 | +€4,978 | +9.7% |
| Amounts payable after more than one year | 17 | €7,307 | - | -€7,307 | |
| Financial debts | 170/4 | €7,307 | - | -€7,307 | |
| Amounts payable within one year | 42/48 | €44,232 | €56,517 | +€12,285 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €18,109 | €7,307 | -€10,802 | -59.6% |
| Trade debts | 44 | €4,637 | €41,537 | +€36,901 | +795.8% |
| Suppliers | 440/4 | €4,637 | €41,537 | +€36,901 | +795.8% |
| Taxes, remuneration and social security | 45 | €7,870 | €893 | -€6,977 | -88.6% |
| Remuneration and social security | 454/9 | €7,870 | €893 | -€6,977 | -88.6% |
| Other amounts payable | 47/48 | €13,616 | €6,779 | -€6,837 | -50.2% |
| Remuneration, social security and pensions | 62 | €118,207 | €178,315 | +€60,108 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,697 | €8,811 | +€3,114 | +54.6% |
| Other operating charges | 640/8 | €948 | €711 | -€237 | -25.0% |
| Gross operating margin | 9900 | €182,394 | €224,743 | +€42,349 | +23.2% |
| Operating profit (loss) | 9901 | €57,542 | €36,907 | -€20,635 | -35.9% |
| Financial income | 75/76B | €31 | €44 | +€13 | +43.6% |
| Recurring financial income | 75 | €31 | €44 | +€13 | +43.6% |
| Financial charges | 65/66B | €1,478 | €1,127 | -€351 | -23.8% |
| Recurring financial charges | 65 | €1,478 | €1,127 | -€351 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €56,094 | €35,824 | -€20,270 | -36.1% |
| Income taxes | 67/77 | €12,066 | €8,905 | -€3,161 | -26.2% |
| Profit (loss) for the period | 9904 | €44,028 | €26,919 | -€17,109 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,028 | €26,919 | -€17,109 | -38.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.