TRANS GHAZI 5: 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 GHAZI 5
Largest movements
- Tangible fixed assets -€5,110
down €5,110 (-69.6%), from €7,340 to €2,230
- Cash +€1,265
up €1,265 (+87.8%), from €1,441 to €2,706
mainly Depreciation (+€4,660) and Other debts (+€4,404)
- Profit (loss) carried forward -€8,015
down €8,015 (-120%), from -€6,675 to -€14,690
- Other debts +€4,404
up €4,404 (+725%), from €607 to €5,011
- Tax, wage and social debts -€1,537
down €1,537 (-12.2%), from €12,641 to €11,104
- Trade debts +€1,304
up €1,304 (+51.0%), from €2,557 to €3,861
- Gross operating margin +€15,327
up €15,327 (+87.9%), from -€17,446 to -€2,119
- Other operating charges -€5,931
down €5,931 (-97.9%), from €6,056 to €125
- Depreciation -€1,010
down €1,010 (-17.8%), from €5,670 to €4,660
- Taxes +€958
new in 2025: €958
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 | €9,131 | €5,286 | -€3,845 | -42.1% |
| Fixed assets | 21/28 | €7,438 | €2,328 | -€5,110 | -68.7% |
| Tangible fixed assets | 22/27 | €7,340 | €2,230 | -€5,110 | -69.6% |
| Furniture and vehicles | 24 | €7,340 | €2,230 | -€5,110 | -69.6% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €1,692 | €2,957 | +€1,265 | +74.7% |
| Amounts receivable within one year | 40/41 | €251 | €251 | = | 0.0% |
| Other amounts receivable | 41 | €251 | €251 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,441 | €2,706 | +€1,265 | +87.8% |
| Total equity and liabilities | 10/49 | €9,131 | €5,286 | -€3,845 | -42.1% |
| Equity | 10/15 | -€6,675 | -€14,690 | -€8,015 | -120% |
| Profit (loss) carried forward | 14 | -€6,675 | -€14,690 | -€8,015 | -120% |
| Amounts payable | 17/49 | €15,806 | €19,976 | +€4,170 | +26.4% |
| Amounts payable within one year | 42/48 | €15,806 | €19,976 | +€4,170 | +26.4% |
| Trade debts | 44 | €2,557 | €3,861 | +€1,304 | +51.0% |
| Suppliers | 440/4 | €2,557 | €3,861 | +€1,304 | +51.0% |
| Taxes, remuneration and social security | 45 | €12,641 | €11,104 | -€1,537 | -12.2% |
| Taxes | 450/3 | €12,641 | €11,104 | -€1,537 | -12.2% |
| Other amounts payable | 47/48 | €607 | €5,011 | +€4,404 | +725% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,670 | €4,660 | -€1,010 | -17.8% |
| Other operating charges | 640/8 | €6,056 | €125 | -€5,931 | -97.9% |
| Gross operating margin | 9900 | -€17,446 | -€2,119 | +€15,327 | +87.9% |
| Operating profit (loss) | 9901 | -€29,172 | -€6,904 | +€22,268 | +76.3% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €168 | €153 | -€14 | -8.5% |
| Recurring financial charges | 65 | €168 | €153 | -€14 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,326 | -€7,058 | +€22,269 | +75.9% |
| Income taxes | 67/77 | - | €958 | +€958 | |
| Profit (loss) for the period | 9904 | -€29,326 | -€8,015 | +€21,311 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,326 | -€8,015 | +€21,311 | +72.7% |
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 18 October 2026 via checked.be.