Trans 19: 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.
Trans 19
Largest movements
- Receivables within one year +€154,530
up €154,530 (+120.9%), from €127,791 to €282,321
of which Trade receivables: +€142,621
- Tangible fixed assets +€48,345
up €48,345 (+14.2%), from €340,798 to €389,144
of which Leasing and similar rights: +€42,397
- Cash +€24,724
up €24,724 (+67.1%), from €36,846 to €61,570
mainly Net result for the year (+€148,572) and Depreciation (+€97,539)
- Reserves +€146,854
up €146,854 (+248.3%), from €59,156 to €206,010
- Tax, wage and social debts +€37,480
up €37,480 (+103.4%), from €36,243 to €73,722
of which Remuneration and social security: +€23,743
- Current portion of long-term debt +€31,311
up €31,311 (+46.4%), from €67,414 to €98,725
- Trade debts +€30,075
up €30,075 (+80.4%), from €37,394 to €67,470
- Other debts -€23,963
down €23,963 (-47.3%), from €50,684 to €26,720
- Gross operating margin +€277,506
up €277,506 (+108.6%), from €255,538 to €533,044
- Staff costs +€60,275
up €60,275 (+42.5%), from €141,827 to €202,102
- Taxes +€57,536
up €57,536 (+1843.1%), from €3,122 to €60,657
- Depreciation +€28,539
up €28,539 (+41.4%), from €69,000 to €97,539
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 | €509,566 | €740,043 | +€230,477 | +45.2% |
| Fixed assets | 21/28 | €340,798 | €389,144 | +€48,345 | +14.2% |
| Tangible fixed assets | 22/27 | €340,798 | €389,144 | +€48,345 | +14.2% |
| Plant, machinery and equipment | 23 | €2,351 | €1,842 | -€510 | -21.7% |
| Furniture and vehicles | 24 | €14,461 | €20,919 | +€6,458 | +44.7% |
| Leasing and similar rights | 25 | €323,986 | €366,383 | +€42,397 | +13.1% |
| Current assets | 29/58 | €168,767 | €350,900 | +€182,132 | +107.9% |
| Amounts receivable within one year | 40/41 | €127,791 | €282,321 | +€154,530 | +120.9% |
| Trade receivables | 40 | €109,466 | €252,087 | +€142,621 | +130.3% |
| Other amounts receivable | 41 | €18,325 | €30,234 | +€11,909 | +65.0% |
| Cash at bank and in hand | 54/58 | €36,846 | €61,570 | +€24,724 | +67.1% |
| Deferred charges and accrued income | 490/1 | €4,130 | €7,008 | +€2,878 | +69.7% |
| Total equity and liabilities | 10/49 | €509,566 | €740,043 | +€230,477 | +45.2% |
| Equity | 10/15 | €91,156 | €238,010 | +€146,854 | +161.1% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €59,156 | €206,010 | +€146,854 | +248.3% |
| Distributable reserves | 133 | €59,156 | €206,010 | +€146,854 | +248.3% |
| Amounts payable | 17/49 | €418,410 | €502,034 | +€83,623 | +20.0% |
| Amounts payable after more than one year | 17 | €226,176 | €235,194 | +€9,018 | +4.0% |
| Financial debts | 170/4 | €226,176 | €235,194 | +€9,018 | +4.0% |
| Amounts payable within one year | 42/48 | €192,234 | €266,637 | +€74,403 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €67,414 | €98,725 | +€31,311 | +46.4% |
| Trade debts | 44 | €37,394 | €67,470 | +€30,075 | +80.4% |
| Suppliers | 440/4 | €37,394 | €67,470 | +€30,075 | +80.4% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €36,243 | €73,722 | +€37,480 | +103.4% |
| Taxes | 450/3 | €4,848 | €18,585 | +€13,737 | +283.4% |
| Remuneration and social security | 454/9 | €31,395 | €55,138 | +€23,743 | +75.6% |
| Other amounts payable | 47/48 | €50,684 | €26,720 | -€23,963 | -47.3% |
| Accrued charges and deferred income | 492/3 | - | €203 | +€203 | |
| Remuneration, social security and pensions | 62 | €141,827 | €202,102 | +€60,275 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,000 | €97,539 | +€28,539 | +41.4% |
| Other operating charges | 640/8 | €2,778 | €2,107 | -€670 | -24.1% |
| Gross operating margin | 9900 | €255,538 | €533,044 | +€277,506 | +108.6% |
| Operating profit (loss) | 9901 | €41,934 | €231,296 | +€189,362 | +451.6% |
| Financial income | 75/76B | €1 | €45 | +€44 | +3848.7% |
| Recurring financial income | 75 | €1 | €45 | +€44 | +3848.7% |
| Financial charges | 65/66B | €17,613 | €22,112 | +€4,499 | +25.5% |
| Recurring financial charges | 65 | €17,613 | €22,112 | +€4,499 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €24,322 | €209,229 | +€184,908 | +760.3% |
| Income taxes | 67/77 | €3,122 | €60,657 | +€57,536 | +1843.1% |
| Profit (loss) for the period | 9904 | €21,200 | €148,572 | +€127,372 | +600.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,200 | €148,572 | +€127,372 | +600.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.