TRANS EXECUTIVE: 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 EXECUTIVE
Largest movements
- Cash +€200,095
up €200,095 (+19.6%), from €1.0m to €1.2m
mainly Net result for the year (+€130,394) and Depreciation (+€58,195)
- Deferred charges and accrued income -€49,409
down €49,409 (-90.3%), from €54,692 to €5,282
- Tangible fixed assets -€38,255
down €38,255 (-12.5%), from €305,472 to €267,216
of which Land and buildings: -€22,586
- Receivables within one year -€22,341
down €22,341 (-7.3%), from €305,480 to €283,139
of which Trade receivables: -€34,329
- Profit (loss) carried forward +€130,394
up €130,394 (+15.8%), from €823,487 to €953,881
- Other debts -€63,204
down €63,204 (-8.5%), from €741,345 to €678,141
- Tax, wage and social debts +€29,381
up €29,381 (+61.1%), from €48,053 to €77,434
of which Remuneration and social security: +€28,983
- Staff costs +€67,108
up €67,108 (+39.1%), from €171,793 to €238,901
- Taxes -€19,299
down €19,299 (-34.1%), from €56,558 to €37,260
- Other operating charges +€8,720
up €8,720 (+51.2%), from €17,039 to €25,759
- Financial charges -€5,889
down €5,889 (-81.3%), from €7,241 to €1,351
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 | €1,688,350 | €1,783,590 | +€95,240 | +5.6% |
| Fixed assets | 21/28 | €306,508 | €268,252 | -€38,255 | -12.5% |
| Tangible fixed assets | 22/27 | €305,472 | €267,216 | -€38,255 | -12.5% |
| Land and buildings | 22 | €209,992 | €187,406 | -€22,586 | -10.8% |
| Plant, machinery and equipment | 23 | €37,879 | €30,231 | -€7,648 | -20.2% |
| Furniture and vehicles | 24 | €57,601 | €49,579 | -€8,022 | -13.9% |
| Financial fixed assets | 28 | €1,036 | €1,036 | = | 0.0% |
| Current assets | 29/58 | €1,381,843 | €1,515,338 | +€133,495 | +9.7% |
| Stocks and contracts in progress | 3 | €2,600 | €7,750 | +€5,150 | +198% |
| Stocks | 30/36 | €2,600 | €7,750 | +€5,150 | +198% |
| Amounts receivable within one year | 40/41 | €305,480 | €283,139 | -€22,341 | -7.3% |
| Trade receivables | 40 | €94,382 | €60,053 | -€34,329 | -36.4% |
| Other amounts receivable | 41 | €211,099 | €223,086 | +€11,988 | +5.7% |
| Cash at bank and in hand | 54/58 | €1,019,071 | €1,219,166 | +€200,095 | +19.6% |
| Deferred charges and accrued income | 490/1 | €54,692 | €5,282 | -€49,409 | -90.3% |
| Total equity and liabilities | 10/49 | €1,688,350 | €1,783,590 | +€95,240 | +5.6% |
| Equity | 10/15 | €890,473 | €1,020,867 | +€130,394 | +14.6% |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Capital | 10 | €20,452 | €20,452 | = | 0.0% |
| Issued capital | 100 | €20,452 | €20,452 | = | 0.0% |
| Reserves | 13 | €46,534 | €46,534 | = | 0.0% |
| Distributable reserves | 133 | €46,534 | €46,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | €823,487 | €953,881 | +€130,394 | +15.8% |
| Amounts payable | 17/49 | €797,877 | €762,723 | -€35,154 | -4.4% |
| Amounts payable after more than one year | 17 | €4,834 | €4,834 | = | 0.0% |
| Other amounts payable | 178/9 | €4,834 | €4,834 | = | 0.0% |
| Amounts payable within one year | 42/48 | €791,157 | €755,575 | -€35,582 | -4.5% |
| Trade debts | 44 | €1,759 | - | -€1,759 | |
| Suppliers | 440/4 | €1,759 | - | -€1,759 | |
| Taxes, remuneration and social security | 45 | €48,053 | €77,434 | +€29,381 | +61.1% |
| Taxes | 450/3 | €19,908 | €20,307 | +€398 | +2.0% |
| Remuneration and social security | 454/9 | €28,145 | €57,127 | +€28,983 | +103% |
| Other amounts payable | 47/48 | €741,345 | €678,141 | -€63,204 | -8.5% |
| Accrued charges and deferred income | 492/3 | €1,886 | €2,314 | +€428 | +22.7% |
| Remuneration, social security and pensions | 62 | €171,793 | €238,901 | +€67,108 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,182 | €58,195 | +€2,013 | +3.6% |
| Other operating charges | 640/8 | €17,039 | €25,759 | +€8,720 | +51.2% |
| Gross operating margin | 9900 | €494,763 | €491,860 | -€2,903 | -0.6% |
| Operating profit (loss) | 9901 | €249,749 | €169,004 | -€80,744 | -32.3% |
| Financial charges | 65/66B | €7,241 | €1,351 | -€5,889 | -81.3% |
| Recurring financial charges | 65 | €7,241 | €1,351 | -€5,889 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €242,508 | €167,653 | -€74,855 | -30.9% |
| Income taxes | 67/77 | €56,558 | €37,260 | -€19,299 | -34.1% |
| Profit (loss) for the period | 9904 | €185,950 | €130,394 | -€55,556 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €185,950 | €130,394 | -€55,556 | -29.9% |
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 16 October 2026 via checked.be.