TRANS BOOGAERTS: 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 BOOGAERTS
Largest movements
- Receivables within one year -€237,932
down €237,932 (-75.2%), from €316,279 to €78,347
of which Trade receivables: -€235,119
- Deferred charges and accrued income -€84,751
down €84,751 (-99.4%), from €85,273 to €521
- Tangible fixed assets -€70,858
down €70,858 (-7.5%), from €942,648 to €871,790
of which Furniture and vehicles: -€50,188
- Cash +€53,533
up €53,533 (+12.9%), from €414,652 to €468,185
mainly Receivables within one year (+€237,932) and Depreciation (+€104,592)
- Tax, wage and social debts -€147,441
down €147,441 (-74.6%), from €197,637 to €50,196
of which Taxes: -€97,804
- Reserves -€105,263
down €105,263 (-11.6%), from €907,735 to €802,472
of which Distributable reserves: -€105,263
- Other debts +€100,000
up €100,000 (+381%), from €26,216 to €126,216
- Trade debts -€96,458
down €96,458 (-93.9%), from €102,767 to €6,309
- Current portion of long-term debt -€40,682
down €40,682 (-65.6%), from €62,054 to €21,373
- Gross operating margin -€701,597
down €701,597 (-79.7%), from €880,490 to €178,893
- Staff costs -€452,817
down €452,817 (-83.4%), from €542,931 to €90,114
- Taxes -€62,710
no longer reported in 2025 (was €62,710)
- Depreciation -€8,999
down €8,999 (-7.9%), from €113,590 to €104,592
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 | €1,761,345 | €1,421,337 | -€340,008 | -19.3% |
| Fixed assets | 21/28 | €945,142 | €874,284 | -€70,858 | -7.5% |
| Tangible fixed assets | 22/27 | €942,648 | €871,790 | -€70,858 | -7.5% |
| Land and buildings | 22 | €264,129 | €263,130 | -€999 | -0.4% |
| Plant, machinery and equipment | 23 | €2,924 | €26,323 | +€23,400 | +800% |
| Furniture and vehicles | 24 | €442,247 | €392,059 | -€50,188 | -11.3% |
| Leasing and similar rights | 25 | €233,347 | €190,277 | -€43,069 | -18.5% |
| Financial fixed assets | 28 | €2,494 | €2,494 | = | 0.0% |
| Current assets | 29/58 | €816,203 | €547,053 | -€269,150 | -33.0% |
| Amounts receivable within one year | 40/41 | €316,279 | €78,347 | -€237,932 | -75.2% |
| Trade receivables | 40 | €313,466 | €78,347 | -€235,119 | -75.0% |
| Other amounts receivable | 41 | €2,813 | - | -€2,813 | |
| Cash at bank and in hand | 54/58 | €414,652 | €468,185 | +€53,533 | +12.9% |
| Deferred charges and accrued income | 490/1 | €85,273 | €521 | -€84,751 | -99.4% |
| Total equity and liabilities | 10/49 | €1,761,345 | €1,421,337 | -€340,008 | -19.3% |
| Equity | 10/15 | €1,293,858 | €1,159,803 | -€134,055 | -10.4% |
| Contributions | 10/11 | €51,274 | €51,274 | = | 0.0% |
| Reserves | 13 | €907,735 | €802,472 | -€105,263 | -11.6% |
| Tax-exempt reserves | 132 | €148,634 | €148,634 | = | 0.0% |
| Distributable reserves | 133 | €759,101 | €653,838 | -€105,263 | -13.9% |
| Profit (loss) carried forward | 14 | €334,849 | €306,057 | -€28,792 | -8.6% |
| Amounts payable | 17/49 | €467,487 | €261,534 | -€205,953 | -44.1% |
| Amounts payable after more than one year | 17 | €78,813 | €57,441 | -€21,373 | -27.1% |
| Financial debts | 170/4 | €78,813 | €57,441 | -€21,373 | -27.1% |
| Amounts payable within one year | 42/48 | €388,674 | €204,093 | -€184,580 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €62,054 | €21,373 | -€40,682 | -65.6% |
| Trade debts | 44 | €102,767 | €6,309 | -€96,458 | -93.9% |
| Suppliers | 440/4 | €102,767 | €6,309 | -€96,458 | -93.9% |
| Taxes, remuneration and social security | 45 | €197,637 | €50,196 | -€147,441 | -74.6% |
| Taxes | 450/3 | €141,095 | €43,291 | -€97,804 | -69.3% |
| Remuneration and social security | 454/9 | €56,542 | €6,905 | -€49,637 | -87.8% |
| Other amounts payable | 47/48 | €26,216 | €126,216 | +€100,000 | +381% |
| Remuneration, social security and pensions | 62 | €542,931 | €90,114 | -€452,817 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,590 | €104,592 | -€8,999 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,637 | - | -€4,637 | |
| Other operating charges | 640/8 | €6,312 | €5,538 | -€774 | -12.3% |
| Gross operating margin | 9900 | €880,490 | €178,893 | -€701,597 | -79.7% |
| Operating profit (loss) | 9901 | €213,019 | -€21,350 | -€234,369 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €7,693 | €7,441 | -€252 | -3.3% |
| Recurring financial charges | 65 | €7,693 | €7,441 | -€252 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €205,326 | -€28,792 | -€234,118 | |
| Income taxes | 67/77 | €62,710 | - | -€62,710 | |
| Profit (loss) for the period | 9904 | €142,616 | -€28,792 | -€171,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €142,616 | -€28,792 | -€171,408 |
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 29 October 2026 via checked.be.