TRANS M.G.: 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 M.G.
Largest movements
- Tangible fixed assets +€54,976
up €54,976 (+244%), from €22,570 to €77,546
of which Furniture and vehicles: +€51,992
- Receivables within one year +€31,408
up €31,408 (+26.2%), from €119,651 to €151,059
of which Trade receivables: +€27,484
- Stocks and contracts -€16,373
down €16,373 (-32.8%), from €49,861 to €33,488
- Cash -€11,340
down €11,340 (-40.4%), from €28,064 to €16,724
mainly Investment in fixed assets (net) (-€66,390) and Trade debts (-€33,925)
- Debts after one year +€45,301
new in 2025: €45,301
- Trade debts -€33,925
down €33,925 (-72.4%), from €46,847 to €12,922
- Reserves +€23,883
up €23,883 (+25.2%), from €94,736 to €118,619
of which Distributable reserves: +€23,883
- Current portion of long-term debt +€13,501
new in 2025: €13,501
- Tax, wage and social debts +€9,911
up €9,911 (+59.5%), from €16,664 to €26,575
of which Remuneration and social security: +€6,465
- Gross operating margin +€93,465
up €93,465 (+44.4%), from €210,511 to €303,976
- Purchases and services +€60,414
up €60,414 (+11.4%), from €531,541 to €591,955
- Staff costs +€34,081
up €34,081 (+15.5%), from €219,317 to €253,398
- Taxes +€9,484
up €9,484 (+1,363%), from €696 to €10,180
- Depreciation +€5,929
up €5,929 (+108%), from €5,485 to €11,414
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 | €220,221 | €278,892 | +€58,671 | +26.6% |
| Fixed assets | 21/28 | €22,645 | €77,621 | +€54,976 | +243% |
| Tangible fixed assets | 22/27 | €22,570 | €77,546 | +€54,976 | +244% |
| Land and buildings | 22 | €15,600 | €15,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €4,082 | +€4,082 | |
| Furniture and vehicles | 24 | €2,967 | €54,959 | +€51,992 | +1,752% |
| Other tangible fixed assets | 26 | €4,003 | €2,905 | -€1,098 | -27.4% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €197,576 | €201,271 | +€3,695 | +1.9% |
| Stocks and contracts in progress | 3 | €49,861 | €33,488 | -€16,373 | -32.8% |
| Stocks | 30/36 | €49,861 | €33,488 | -€16,373 | -32.8% |
| Amounts receivable within one year | 40/41 | €119,651 | €151,059 | +€31,408 | +26.2% |
| Trade receivables | 40 | €107,301 | €134,785 | +€27,484 | +25.6% |
| Other amounts receivable | 41 | €12,350 | €16,273 | +€3,924 | +31.8% |
| Cash at bank and in hand | 54/58 | €28,064 | €16,724 | -€11,340 | -40.4% |
| Total equity and liabilities | 10/49 | €220,221 | €278,892 | +€58,671 | +26.6% |
| Equity | 10/15 | €156,710 | €180,592 | +€23,883 | +15.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €94,736 | €118,619 | +€23,883 | +25.2% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Distributable reserves | 133 | €88,538 | €112,421 | +€23,883 | +27.0% |
| Amounts payable | 17/49 | €63,511 | €98,300 | +€34,789 | +54.8% |
| Amounts payable after more than one year | 17 | - | €45,301 | +€45,301 | |
| Financial debts | 170/4 | - | €45,301 | +€45,301 | |
| Amounts payable within one year | 42/48 | €63,511 | €52,999 | -€10,512 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,501 | +€13,501 | |
| Trade debts | 44 | €46,847 | €12,922 | -€33,925 | -72.4% |
| Suppliers | 440/4 | €46,847 | €12,922 | -€33,925 | -72.4% |
| Taxes, remuneration and social security | 45 | €16,664 | €26,575 | +€9,911 | +59.5% |
| Taxes | 450/3 | €6,719 | €10,166 | +€3,446 | +51.3% |
| Remuneration and social security | 454/9 | €9,945 | €16,409 | +€6,465 | +65.0% |
| Non-recurring operating income | 76A | €78 | €7,315 | +€7,237 | +9,334% |
| Goods, raw materials, services and sundry goods | 60/61 | €531,541 | €591,955 | +€60,414 | +11.4% |
| Remuneration, social security and pensions | 62 | €219,317 | €253,398 | +€34,081 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,485 | €11,414 | +€5,929 | +108% |
| Other operating charges | 640/8 | €1,487 | €1,748 | +€260 | +17.5% |
| Non-recurring operating charges | 66A | €63 | €162 | +€98 | +155% |
| Gross operating margin | 9900 | €210,511 | €303,976 | +€93,465 | +44.4% |
| Operating profit (loss) | 9901 | -€15,842 | €37,255 | +€53,097 | |
| Financial charges | 65/66B | €1,390 | €3,192 | +€1,802 | +130% |
| Recurring financial charges | 65 | €302 | €2,779 | +€2,477 | +821% |
| Non-recurring financial charges | 66B | €1,088 | €413 | -€675 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,232 | €34,063 | +€51,295 | |
| Income taxes | 67/77 | €696 | €10,180 | +€9,484 | +1,363% |
| Profit (loss) for the period | 9904 | -€17,928 | €23,883 | +€41,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,928 | €23,883 | +€41,810 |
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.