TRANS CARLU: 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 CARLU
Largest movements
- Tangible fixed assets +€548,986
up €548,986 (+53.4%), from €1.0m to €1.6m
of which Land and buildings: +€609,318
- Receivables within one year +€137,989
up €137,989 (+140%), from €98,614 to €236,603
of which Other amounts receivable: +€132,122
- Debts after one year +€680,976
up €680,976 (+106%), from €641,929 to €1.3m
- Other debts -€217,944
down €217,944 (-84.2%), from €258,744 to €40,800
- Current portion of long-term debt +€166,248
up €166,248 (+224%), from €74,076 to €240,324
- Trade debts +€27,213
up €27,213 (+104%), from €26,155 to €53,369
- Reserves +€23,299
up €23,299 (+13.6%), from €170,725 to €194,024
- Gross operating margin +€70,662
up €70,662 (+36.9%), from €191,585 to €262,248
- Staff costs +€33,130
up €33,130 (+93.4%), from €35,478 to €68,608
- Depreciation +€25,905
up €25,905 (+22.9%), from €113,227 to €139,133
- Financial charges +€3,752
up €3,752 (+20.5%), from €18,263 to €22,015
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 | €1,190,240 | €1,866,116 | +€675,876 | +56.8% |
| Fixed assets | 21/28 | €1,028,203 | €1,577,189 | +€548,986 | +53.4% |
| Tangible fixed assets | 22/27 | €1,028,203 | €1,577,189 | +€548,986 | +53.4% |
| Land and buildings | 22 | €805,409 | €1,414,727 | +€609,318 | +75.7% |
| Plant, machinery and equipment | 23 | €51,744 | €50,432 | -€1,312 | -2.5% |
| Furniture and vehicles | 24 | €171,050 | €112,030 | -€59,020 | -34.5% |
| Current assets | 29/58 | €162,037 | €288,928 | +€126,891 | +78.3% |
| Amounts receivable within one year | 40/41 | €98,614 | €236,603 | +€137,989 | +140% |
| Trade receivables | 40 | €97,912 | €103,778 | +€5,867 | +6.0% |
| Other amounts receivable | 41 | €702 | €132,824 | +€132,122 | +18,816% |
| Cash at bank and in hand | 54/58 | €46,287 | €35,153 | -€11,133 | -24.1% |
| Deferred charges and accrued income | 490/1 | €17,137 | €17,172 | +€35 | +0.2% |
| Total equity and liabilities | 10/49 | €1,190,240 | €1,866,116 | +€675,876 | +56.8% |
| Equity | 10/15 | €175,725 | €199,024 | +€23,299 | +13.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €170,725 | €194,024 | +€23,299 | +13.6% |
| Distributable reserves | 133 | €170,725 | €194,024 | +€23,299 | +13.6% |
| Amounts payable | 17/49 | €1,014,514 | €1,667,092 | +€652,578 | +64.3% |
| Amounts payable after more than one year | 17 | €641,929 | €1,322,905 | +€680,976 | +106% |
| Financial debts | 170/4 | €641,929 | €1,322,905 | +€680,976 | +106% |
| Amounts payable within one year | 42/48 | €372,586 | €344,188 | -€28,398 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €74,076 | €240,324 | +€166,248 | +224% |
| Trade debts | 44 | €26,155 | €53,369 | +€27,213 | +104% |
| Suppliers | 440/4 | €26,155 | €53,369 | +€27,213 | +104% |
| Taxes, remuneration and social security | 45 | €13,609 | €9,695 | -€3,915 | -28.8% |
| Taxes | 450/3 | €8,605 | €4,975 | -€3,629 | -42.2% |
| Remuneration and social security | 454/9 | €5,005 | €4,719 | -€286 | -5.7% |
| Other amounts payable | 47/48 | €258,744 | €40,800 | -€217,944 | -84.2% |
| Non-recurring operating income | 76A | €6,906 | €0 | -€6,906 | -100% |
| Remuneration, social security and pensions | 62 | €35,478 | €68,608 | +€33,130 | +93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,227 | €139,133 | +€25,905 | +22.9% |
| Other operating charges | 640/8 | €4,867 | €2,363 | -€2,504 | -51.4% |
| Non-recurring operating charges | 66A | - | €4,271 | +€4,271 | |
| Gross operating margin | 9900 | €191,585 | €262,248 | +€70,662 | +36.9% |
| Operating profit (loss) | 9901 | €38,013 | €47,873 | +€9,860 | +25.9% |
| Financial income | 75/76B | €77 | €0 | -€77 | -100.0% |
| Recurring financial income | 75 | €77 | €0 | -€77 | -100.0% |
| Financial charges | 65/66B | €18,263 | €22,015 | +€3,752 | +20.5% |
| Recurring financial charges | 65 | €18,263 | €22,015 | +€3,752 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €19,827 | €25,858 | +€6,031 | +30.4% |
| Income taxes | 67/77 | €2,956 | €2,559 | -€397 | -13.4% |
| Profit (loss) for the period | 9904 | €16,871 | €23,299 | +€6,428 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,871 | €23,299 | +€6,428 | +38.1% |
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 19 October 2026 via checked.be.