Trans Formation Logistique: 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 Formation Logistique
Largest movements
- Tangible fixed assets +€26,613
up €26,613 (+5.7%), from €465,323 to €491,936
of which Furniture and vehicles: +€35,491
- Deferred charges and accrued income +€15,056
up €15,056 (+939%), from €1,603 to €16,659
- Receivables within one year +€11,242
up €11,242 (+49.0%), from €22,927 to €34,169
- Other debts +€48,531
up €48,531 (+30.8%), from €157,375 to €205,906
- Debts after one year -€17,265
down €17,265 (-4.7%), from €368,214 to €350,950
- Trade debts +€16,405
up €16,405 (+102%), from €16,113 to €32,519
- Profit (loss) carried forward +€8,573
up €8,573 (+9.8%), from -€87,573 to -€79,000
- Gross operating margin +€92,459
up €92,459, from -€41,864 to €50,594
- Depreciation -€7,000
down €7,000 (-25.2%), from €27,832 to €20,832
- Other operating charges +€1,653
up €1,653 (+129%), from €1,280 to €2,933
- Financial charges +€1,358
up €1,358 (+9.0%), from €15,096 to €16,454
- Staff costs -€560
down €560 (-26.2%), from €2,138 to €1,578
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 | €494,626 | €549,248 | +€54,621 | +11.0% |
| Fixed assets | 21/28 | €465,323 | €492,299 | +€26,976 | +5.8% |
| Tangible fixed assets | 22/27 | €465,323 | €491,936 | +€26,613 | +5.7% |
| Land and buildings | 22 | €422,954 | €410,977 | -€11,977 | -2.8% |
| Plant, machinery and equipment | 23 | €39,253 | €42,352 | +€3,099 | +7.9% |
| Furniture and vehicles | 24 | €3,115 | €38,606 | +€35,491 | +1,139% |
| Financial fixed assets | 28 | - | €363 | +€363 | |
| Current assets | 29/58 | €29,304 | €56,949 | +€27,645 | +94.3% |
| Amounts receivable within one year | 40/41 | €22,927 | €34,169 | +€11,242 | +49.0% |
| Trade receivables | 40 | €22,927 | €34,169 | +€11,242 | +49.0% |
| Cash at bank and in hand | 54/58 | €4,774 | €6,121 | +€1,347 | +28.2% |
| Deferred charges and accrued income | 490/1 | €1,603 | €16,659 | +€15,056 | +939% |
| Total equity and liabilities | 10/49 | €494,626 | €549,248 | +€54,621 | +11.0% |
| Equity | 10/15 | -€72,873 | -€64,300 | +€8,573 | +11.8% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €13,500 | €13,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,573 | -€79,000 | +€8,573 | +9.8% |
| Amounts payable | 17/49 | €567,499 | €613,547 | +€46,048 | +8.1% |
| Amounts payable after more than one year | 17 | €368,214 | €350,950 | -€17,265 | -4.7% |
| Financial debts | 170/4 | €368,214 | €350,950 | -€17,265 | -4.7% |
| Amounts payable within one year | 42/48 | €199,285 | €261,619 | +€62,334 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €16,547 | €17,265 | +€718 | +4.3% |
| Trade debts | 44 | €16,113 | €32,519 | +€16,405 | +102% |
| Suppliers | 440/4 | €16,113 | €32,519 | +€16,405 | +102% |
| Taxes, remuneration and social security | 45 | €9,250 | €5,930 | -€3,320 | -35.9% |
| Taxes | 450/3 | €9,250 | €4,243 | -€5,007 | -54.1% |
| Remuneration and social security | 454/9 | - | €1,687 | +€1,687 | |
| Other amounts payable | 47/48 | €157,375 | €205,906 | +€48,531 | +30.8% |
| Accrued charges and deferred income | 492/3 | - | €979 | +€979 | |
| Non-recurring operating income | 76A | - | €43 | +€43 | |
| Remuneration, social security and pensions | 62 | €2,138 | €1,578 | -€560 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,832 | €20,832 | -€7,000 | -25.2% |
| Other operating charges | 640/8 | €1,280 | €2,933 | +€1,653 | +129% |
| Gross operating margin | 9900 | -€41,864 | €50,594 | +€92,459 | |
| Operating profit (loss) | 9901 | -€73,115 | €25,252 | +€98,366 | |
| Financial income | 75/76B | €40 | €38 | -€2 | -5.2% |
| Recurring financial income | 75 | €40 | €38 | -€2 | -5.2% |
| Financial charges | 65/66B | €15,096 | €16,454 | +€1,358 | +9.0% |
| Recurring financial charges | 65 | €15,096 | €16,454 | +€1,358 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€88,171 | €8,835 | +€97,006 | |
| Income taxes | 67/77 | €289 | €262 | -€27 | -9.4% |
| Profit (loss) for the period | 9904 | -€88,460 | €8,573 | +€97,033 | |
| Profit (loss) for the period to be appropriated | 9905 | -€88,460 | €8,573 | +€97,033 |
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 28 October 2026 via checked.be.