TRANS BN: 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 BN
Largest movements
- Tangible fixed assets -€127,803
down €127,803 (-31.7%), from €402,889 to €275,086
of which Leasing and similar rights: -€67,212
- Cash +€28,425
up €28,425 (+572.1%), from €4,968 to €33,393
mainly Depreciation (+€114,809) and Investment in fixed assets (net) (+€12,995)
- Debts after one year -€73,144
down €73,144 (-50.0%), from €146,420 to €73,276
- Reserves -€21,426
down €21,426 (-9.4%), from €229,128 to €207,702
of which Distributable reserves: -€21,426
- Gross operating margin -€42,546
down €42,546 (-17.0%), from €249,942 to €207,396
- Depreciation -€18,793
down €18,793 (-14.1%), from €133,602 to €114,809
- Staff costs -€15,890
down €15,890 (-20.5%), from €77,447 to €61,557
- Other operating charges -€7,719
down €7,719 (-14.1%), from €54,604 to €46,885
- Financial charges -€2,950
down €2,950 (-34.6%), from €8,522 to €5,572
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 | €489,542 | €387,831 | -€101,711 | -20.8% |
| Fixed assets | 21/28 | €405,689 | €277,886 | -€127,803 | -31.5% |
| Tangible fixed assets | 22/27 | €402,889 | €275,086 | -€127,803 | -31.7% |
| Land and buildings | 22 | €289,853 | €268,003 | -€21,850 | -7.5% |
| Furniture and vehicles | 24 | €39,874 | €1,133 | -€38,740 | -97.2% |
| Leasing and similar rights | 25 | €73,162 | €5,950 | -€67,212 | -91.9% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €83,853 | €109,945 | +€26,092 | +31.1% |
| Amounts receivable within one year | 40/41 | €62,793 | €60,527 | -€2,266 | -3.6% |
| Trade receivables | 40 | €62,793 | €60,527 | -€2,266 | -3.6% |
| Cash at bank and in hand | 54/58 | €4,968 | €33,393 | +€28,425 | +572.1% |
| Deferred charges and accrued income | 490/1 | €16,091 | €16,024 | -€67 | -0.4% |
| Total equity and liabilities | 10/49 | €489,542 | €387,831 | -€101,711 | -20.8% |
| Equity | 10/15 | €248,318 | €226,892 | -€21,426 | -8.6% |
| Contributions | 10/11 | €19,190 | €19,190 | = | 0.0% |
| Capital | 10 | - | €19,190 | +€19,190 | |
| Issued capital | 100 | - | €19,190 | +€19,190 | |
| Reserves | 13 | €229,128 | €207,702 | -€21,426 | -9.4% |
| Non-distributable reserves | 130/1 | €1,919 | €1,919 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,919 | €1,919 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €214,709 | €193,283 | -€21,426 | -10.0% |
| Amounts payable | 17/49 | €241,224 | €160,939 | -€80,285 | -33.3% |
| Amounts payable after more than one year | 17 | €146,420 | €73,276 | -€73,144 | -50.0% |
| Financial debts | 170/4 | €146,420 | €73,276 | -€73,144 | -50.0% |
| Amounts payable within one year | 42/48 | €94,804 | €87,663 | -€7,141 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €75,733 | €71,723 | -€4,010 | -5.3% |
| Trade debts | 44 | €7,105 | €7,588 | +€482 | +6.8% |
| Suppliers | 440/4 | €7,105 | €7,588 | +€482 | +6.8% |
| Taxes, remuneration and social security | 45 | €8,773 | €5,160 | -€3,613 | -41.2% |
| Remuneration and social security | 454/9 | €8,773 | €5,160 | -€3,613 | -41.2% |
| Other amounts payable | 47/48 | €3,193 | €3,193 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €77,447 | €61,557 | -€15,890 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,602 | €114,809 | -€18,793 | -14.1% |
| Other operating charges | 640/8 | €54,604 | €46,885 | -€7,719 | -14.1% |
| Non-recurring operating charges | 66A | €11,452 | - | -€11,452 | |
| Gross operating margin | 9900 | €249,942 | €207,396 | -€42,546 | -17.0% |
| Operating profit (loss) | 9901 | -€27,164 | -€15,854 | +€11,309 | +41.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +750.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +750.0% |
| Financial charges | 65/66B | €8,522 | €5,572 | -€2,950 | -34.6% |
| Recurring financial charges | 65 | €8,522 | €5,572 | -€2,950 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,686 | -€21,426 | +€14,260 | +40.0% |
| Profit (loss) for the period | 9904 | -€35,686 | -€21,426 | +€14,260 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,686 | -€21,426 | +€14,260 | +40.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.