TRANS-ERAL: 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-ERAL
Largest movements
- Tangible fixed assets +€156,164
up €156,164 (+27.0%), from €578,524 to €734,689
of which Leasing and similar rights: +€237,220
- Cash -€50,685
down €50,685 (-93.6%), from €54,125 to €3,441
mainly Investment in fixed assets (net) (-€493,386) and Accrued charges and deferred income (-€128,294)
- Receivables within one year +€43,207
up €43,207 (+6.4%), from €672,686 to €715,893
of which Other amounts receivable: +€77,401
- Deferred charges and accrued income +€22,815
up €22,815 (+7.1%), from €321,826 to €344,640
- Accrued charges and deferred income -€128,294
down €128,294 (-36.9%), from €348,003 to €219,710
- Debts after one year +€114,705
up €114,705 (+38.9%), from €294,813 to €409,518
- Tax, wage and social debts +€76,333
up €76,333 (+49.0%), from €155,682 to €232,015
of which Remuneration and social security: +€68,575
- Profit (loss) carried forward +€75,599
up €75,599 (+23.9%), from €316,592 to €392,191
- Other debts +€56,703
up €56,703 (+210%), from €26,950 to €83,653
- Staff costs +€485,287
up €485,287 (+44.3%), from €1.1m to €1.6m
- Gross operating margin +€328,228
up €328,228 (+19.7%), from €1.7m to €2.0m
- Depreciation -€130,565
down €130,565 (-28.0%), from €466,842 to €336,277
- Financial charges -€29,834
down €29,834 (-67.6%), from €44,100 to €14,267
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 | €1,798,079 | €1,971,684 | +€173,605 | +9.7% |
| Fixed assets | 21/28 | €739,442 | €896,552 | +€157,109 | +21.2% |
| Tangible fixed assets | 22/27 | €578,524 | €734,689 | +€156,164 | +27.0% |
| Plant, machinery and equipment | 23 | €1,546 | €1,284 | -€262 | -16.9% |
| Furniture and vehicles | 24 | €120,345 | €39,552 | -€80,794 | -67.1% |
| Leasing and similar rights | 25 | €456,633 | €693,853 | +€237,220 | +51.9% |
| Financial fixed assets | 28 | €160,918 | €161,863 | +€945 | +0.6% |
| Current assets | 29/58 | €1,058,637 | €1,075,132 | +€16,496 | +1.6% |
| Stocks and contracts in progress | 3 | €10,000 | €11,159 | +€1,159 | +11.6% |
| Stocks | 30/36 | €10,000 | €11,159 | +€1,159 | +11.6% |
| Amounts receivable within one year | 40/41 | €672,686 | €715,893 | +€43,207 | +6.4% |
| Trade receivables | 40 | €291,004 | €256,810 | -€34,194 | -11.8% |
| Other amounts receivable | 41 | €381,682 | €459,083 | +€77,401 | +20.3% |
| Cash at bank and in hand | 54/58 | €54,125 | €3,441 | -€50,685 | -93.6% |
| Deferred charges and accrued income | 490/1 | €321,826 | €344,640 | +€22,815 | +7.1% |
| Total equity and liabilities | 10/49 | €1,798,079 | €1,971,684 | +€173,605 | +9.7% |
| Equity | 10/15 | €426,469 | €462,068 | +€35,599 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €49,417 | €49,417 | = | 0.0% |
| Reserves | 13 | €41,860 | €1,860 | -€40,000 | -95.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | - | -€40,000 | |
| Profit (loss) carried forward | 14 | €316,592 | €392,191 | +€75,599 | +23.9% |
| Amounts payable | 17/49 | €1,371,610 | €1,509,616 | +€138,006 | +10.1% |
| Amounts payable after more than one year | 17 | €294,813 | €409,518 | +€114,705 | +38.9% |
| Financial debts | 170/4 | €294,813 | €409,518 | +€114,705 | +38.9% |
| Amounts payable within one year | 42/48 | €728,794 | €880,388 | +€151,594 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €327,538 | €342,251 | +€14,713 | +4.5% |
| Trade debts | 44 | €218,623 | €222,468 | +€3,845 | +1.8% |
| Suppliers | 440/4 | €218,623 | €215,036 | -€3,588 | -1.6% |
| Bills of exchange payable | 441 | - | €7,433 | +€7,433 | |
| Taxes, remuneration and social security | 45 | €155,682 | €232,015 | +€76,333 | +49.0% |
| Taxes | 450/3 | €14,415 | €22,172 | +€7,757 | +53.8% |
| Remuneration and social security | 454/9 | €141,267 | €209,843 | +€68,575 | +48.5% |
| Other amounts payable | 47/48 | €26,950 | €83,653 | +€56,703 | +210% |
| Accrued charges and deferred income | 492/3 | €348,003 | €219,710 | -€128,294 | -36.9% |
| Remuneration, social security and pensions | 62 | €1,096,159 | €1,581,446 | +€485,287 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466,842 | €336,277 | -€130,565 | -28.0% |
| Other operating charges | 640/8 | €23,194 | €22,554 | -€640 | -2.8% |
| Gross operating margin | 9900 | €1,661,914 | €1,990,142 | +€328,228 | +19.7% |
| Operating profit (loss) | 9901 | €75,718 | €49,865 | -€25,853 | -34.1% |
| Financial income | 75/76B | €150 | €1 | -€150 | -99.4% |
| Recurring financial income | 75 | €150 | €1 | -€150 | -99.4% |
| Financial charges | 65/66B | €44,100 | €14,267 | -€29,834 | -67.6% |
| Recurring financial charges | 65 | €44,100 | €14,267 | -€29,834 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €31,768 | €35,599 | +€3,831 | +12.1% |
| Income taxes | 67/77 | €6,692 | -€0 | -€6,692 | |
| Profit (loss) for the period | 9904 | €25,077 | €35,599 | +€10,522 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,077 | €35,599 | +€10,522 | +42.0% |
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 25 October 2026 via checked.be.