TRANS ALFAN: 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.
TRANS ALFAN
Largest movements
- Receivables within one year -€114,590
down €114,590 (-12.1%), from €946,481 to €831,890
of which Trade receivables: -€128,156
- Cash -€45,647
down €45,647 (-53.4%), from €85,459 to €39,813
mainly Advances received (-€131,027) and Trade debts (-€61,051)
- Tangible fixed assets -€20,515
down €20,515 (-40.4%), from €50,762 to €30,247
- Advances received -€131,027
down €131,027 (-33.8%), from €388,010 to €256,983
- Trade debts -€61,051
down €61,051 (-13.7%), from €447,214 to €386,163
- Debts after one year +€15,000
new in 2025: €15,000
- Gross operating margin +€42,374
up €42,374 (+6.9%), from €617,345 to €659,719
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 | €1,134,889 | €949,184 | -€185,705 | -16.4% |
| Fixed assets | 21/28 | €102,502 | €76,987 | -€25,515 | -24.9% |
| Tangible fixed assets | 22/27 | €50,762 | €30,247 | -€20,515 | -40.4% |
| Furniture and vehicles | 24 | €50,762 | €30,247 | -€20,515 | -40.4% |
| Financial fixed assets | 28 | €51,740 | €46,740 | -€5,000 | -9.7% |
| Current assets | 29/58 | €1,032,387 | €872,197 | -€160,190 | -15.5% |
| Amounts receivable within one year | 40/41 | €946,481 | €831,890 | -€114,590 | -12.1% |
| Trade receivables | 40 | €866,841 | €738,685 | -€128,156 | -14.8% |
| Other amounts receivable | 41 | €79,640 | €93,206 | +€13,566 | +17.0% |
| Cash at bank and in hand | 54/58 | €85,459 | €39,813 | -€45,647 | -53.4% |
| Deferred charges and accrued income | 490/1 | €447 | €494 | +€47 | +10.6% |
| Total equity and liabilities | 10/49 | €1,134,889 | €949,184 | -€185,705 | -16.4% |
| Equity | 10/15 | €204,986 | €208,645 | +€3,659 | +1.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,126 | €203,785 | +€3,659 | +1.8% |
| Amounts payable | 17/49 | €929,902 | €740,538 | -€189,364 | -20.4% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Other amounts payable | 178/9 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €919,244 | €723,488 | -€195,756 | -21.3% |
| Trade debts | 44 | €447,214 | €386,163 | -€61,051 | -13.7% |
| Suppliers | 440/4 | €447,214 | €386,163 | -€61,051 | -13.7% |
| Advances received on contracts in progress | 46 | €388,010 | €256,983 | -€131,027 | -33.8% |
| Taxes, remuneration and social security | 45 | €64,021 | €68,724 | +€4,703 | +7.3% |
| Taxes | 450/3 | €9,806 | €11,006 | +€1,200 | +12.2% |
| Remuneration and social security | 454/9 | €54,215 | €57,717 | +€3,503 | +6.5% |
| Other amounts payable | 47/48 | €20,000 | €11,619 | -€8,381 | -41.9% |
| Accrued charges and deferred income | 492/3 | €10,659 | €2,050 | -€8,609 | -80.8% |
| Non-recurring operating income | 76A | €148 | - | -€148 | |
| Remuneration, social security and pensions | 62 | €600,415 | €603,139 | +€2,723 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,361 | €20,515 | +€154 | +0.8% |
| Other operating charges | 640/8 | €5,131 | €10,952 | +€5,821 | +113% |
| Gross operating margin | 9900 | €617,345 | €659,719 | +€42,374 | +6.9% |
| Operating profit (loss) | 9901 | -€8,562 | €25,114 | +€33,676 | |
| Financial income | 75/76B | €6,246 | €3,380 | -€2,866 | -45.9% |
| Recurring financial income | 75 | €6,246 | €3,380 | -€2,866 | -45.9% |
| Financial charges | 65/66B | €15,396 | €17,025 | +€1,628 | +10.6% |
| Recurring financial charges | 65 | €15,396 | €17,025 | +€1,628 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,712 | €11,470 | +€29,181 | |
| Income taxes | 67/77 | €13,250 | €7,810 | -€5,439 | -41.1% |
| Profit (loss) for the period | 9904 | -€30,961 | €3,659 | +€34,621 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,961 | €3,659 | +€34,621 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.