TRANS - ISCA: what changed
Two fiscal 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 - ISCA
Largest movements
- Tangible fixed assets +€427,215
up €427,215 (+236.8%), from €180,431 to €607,646
of which Leasing and similar rights: +€421,966
- Receivables within one year +€150,659
up €150,659 (+38.8%), from €387,870 to €538,529
of which Other amounts receivable: +€96,419
- Debts after one year +€324,219
up €324,219 (+234.7%), from €138,170 to €462,389
of which Financial debts: +€324,219
- Reserves +€110,748
up €110,748 (+4243.2%), from €2,610 to €113,358
- Current portion of long-term debt +€63,506
up €63,506 (+66.9%), from €94,872 to €158,378
- Short-term financial debts +€45,411
new in 2025: €45,411
- Tax, wage and social debts +€24,644
up €24,644 (+28.5%), from €86,549 to €111,193
of which Taxes: +€22,195
- Gross operating margin +€199,853
up €199,853 (+161.6%), from €123,684 to €323,537
- Depreciation +€76,565
up €76,565 (+209.8%), from €36,488 to €113,053
- Taxes +€33,967
up €33,967 (+167.4%), from €20,295 to €54,262
- Financial income +€29,772
up €29,772 (+675.3%), from €4,409 to €34,181
of which Non-recurring financial income: +€31,755
- Financial charges +€16,139
up €16,139 (+73.7%), from €21,908 to €38,047
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.
Cash bridge derived
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 | €573,521 | €1,154,832 | +€581,311 | +101.4% |
| Fixed assets | 21/28 | €182,750 | €609,827 | +€427,077 | +233.7% |
| Tangible fixed assets | 22/27 | €180,431 | €607,646 | +€427,215 | +236.8% |
| Land and buildings | 22 | €64,386 | €55,063 | -€9,323 | -14.5% |
| Plant, machinery and equipment | 23 | €5,709 | €4,075 | -€1,634 | -28.6% |
| Furniture and vehicles | 24 | €109,497 | €126,542 | +€17,045 | +15.6% |
| Leasing and similar rights | 25 | - | €421,966 | +€421,966 | |
| Other tangible fixed assets | 26 | €839 | - | -€839 | |
| Financial fixed assets | 28 | €2,319 | €2,181 | -€138 | -6.0% |
| Current assets | 29/58 | €390,771 | €545,006 | +€154,235 | +39.5% |
| Amounts receivable within one year | 40/41 | €387,870 | €538,529 | +€150,659 | +38.8% |
| Trade receivables | 40 | €308,731 | €362,970 | +€54,239 | +17.6% |
| Other amounts receivable | 41 | €79,139 | €175,558 | +€96,419 | +121.8% |
| Cash at bank and in hand | 54/58 | €2,738 | €201 | -€2,537 | -92.7% |
| Deferred charges and accrued income | 490/1 | €163 | €6,276 | +€6,113 | +3750.3% |
| Total equity and liabilities | 10/49 | €573,521 | €1,154,832 | +€581,311 | +101.4% |
| Equity | 10/15 | €242,272 | €353,019 | +€110,747 | +45.7% |
| Contributions | 10/11 | €26,100 | €26,100 | = | 0.0% |
| Reserves | 13 | €2,610 | €113,358 | +€110,748 | +4243.2% |
| Distributable reserves | 133 | €2,610 | €113,358 | +€110,748 | +4243.2% |
| Profit (loss) carried forward | 14 | €213,562 | €213,562 | -€0 | 0.0% |
| Amounts payable | 17/49 | €331,249 | €801,813 | +€470,564 | +142.1% |
| Amounts payable after more than one year | 17 | €138,170 | €462,389 | +€324,219 | +234.7% |
| Financial debts | 170/4 | €137,580 | €461,799 | +€324,219 | +235.7% |
| Other amounts payable | 178/9 | €590 | €590 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,079 | €339,206 | +€146,127 | +75.7% |
| Current portion of amounts payable after more than one year | 42 | €94,872 | €158,378 | +€63,506 | +66.9% |
| Financial debts | 43 | - | €45,411 | +€45,411 | |
| Credit institutions | 430/8 | - | €45,411 | +€45,411 | |
| Trade debts | 44 | €771 | €14,988 | +€14,217 | +1844.0% |
| Suppliers | 440/4 | €771 | €14,988 | +€14,217 | +1844.0% |
| Taxes, remuneration and social security | 45 | €86,549 | €111,193 | +€24,644 | +28.5% |
| Taxes | 450/3 | €86,549 | €108,744 | +€22,195 | +25.6% |
| Remuneration and social security | 454/9 | - | €2,449 | +€2,449 | |
| Other amounts payable | 47/48 | €10,887 | €9,235 | -€1,652 | -15.2% |
| Accrued charges and deferred income | 492/3 | - | €218 | +€218 | |
| Non-recurring operating income | 76A | - | €5,179 | +€5,179 | |
| Remuneration, social security and pensions | 62 | - | €15,608 | +€15,608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,488 | €113,053 | +€76,565 | +209.8% |
| Other operating charges | 640/8 | €10,716 | €19,288 | +€8,572 | +80.0% |
| Non-recurring operating charges | 66A | - | €6,713 | +€6,713 | |
| Gross operating margin | 9900 | €123,684 | €323,537 | +€199,853 | +161.6% |
| Operating profit (loss) | 9901 | €76,480 | €168,875 | +€92,395 | +120.8% |
| Financial income | 75/76B | €4,409 | €34,181 | +€29,772 | +675.3% |
| Recurring financial income | 75 | €4,409 | €2,426 | -€1,983 | -45.0% |
| Non-recurring financial income | 76B | - | €31,755 | +€31,755 | |
| Financial charges | 65/66B | €21,908 | €38,047 | +€16,139 | +73.7% |
| Recurring financial charges | 65 | €21,908 | €38,047 | +€16,139 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €58,981 | €165,009 | +€106,028 | +179.8% |
| Income taxes | 67/77 | €20,295 | €54,262 | +€33,967 | +167.4% |
| Profit (loss) for the period | 9904 | €38,686 | €110,748 | +€72,062 | +186.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,686 | €110,748 | +€72,062 | +186.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.