TRANS M.R.: 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.R.
Largest movements
- Tangible fixed assets +€174,476
up €174,476 (+38.2%), from €456,914 to €631,390
of which Furniture and vehicles: +€159,906
- Current investments +€131,620
up €131,620 (+111%), from €118,460 to €250,080
- Financial fixed assets -€96,463
down €96,463 (-22.8%), from €423,294 to €326,832
- Cash +€89,281
up €89,281 (+30.0%), from €297,264 to €386,545
mainly Depreciation (+€202,996) and Net result for the year (+€200,598)
- Receivables within one year -€24,440
down €24,440 (-4.4%), from €550,474 to €526,034
of which Trade receivables: -€53,494
- Reserves +€200,598
up €200,598 (+16.6%), from €1.2m to €1.4m
of which Distributable reserves: +€200,598
- Short-term financial debts +€53,823
new in 2025: €53,823
- Debts after one year +€45,944
up €45,944 (+24.4%), from €188,483 to €234,427
- Trade debts -€34,532
down €34,532 (-26.0%), from €132,958 to €98,426
- Current portion of long-term debt -€23,836
down €23,836 (-28.3%), from €84,291 to €60,455
- Staff costs +€84,879
up €84,879 (+9.0%), from €947,162 to €1.0m
- Gross operating margin +€63,580
up €63,580 (+3.9%), from €1.6m to €1.7m
- Depreciation +€62,781
up €62,781 (+44.8%), from €140,215 to €202,996
- Taxes -€36,296
down €36,296 (-37.8%), from €95,898 to €59,601
- Other operating charges +€19,175
up €19,175 (+11.1%), from €172,247 to €191,422
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 | €1,867,457 | €2,144,073 | +€276,616 | +14.8% |
| Fixed assets | 21/28 | €880,209 | €958,222 | +€78,014 | +8.9% |
| Tangible fixed assets | 22/27 | €456,914 | €631,390 | +€174,476 | +38.2% |
| Furniture and vehicles | 24 | €335,739 | €495,645 | +€159,906 | +47.6% |
| Other tangible fixed assets | 26 | €121,175 | €135,745 | +€14,570 | +12.0% |
| Financial fixed assets | 28 | €423,294 | €326,832 | -€96,463 | -22.8% |
| Current assets | 29/58 | €987,249 | €1,185,851 | +€198,602 | +20.1% |
| Amounts receivable within one year | 40/41 | €550,474 | €526,034 | -€24,440 | -4.4% |
| Trade receivables | 40 | €548,888 | €495,393 | -€53,494 | -9.7% |
| Other amounts receivable | 41 | €1,587 | €30,641 | +€29,054 | +1,831% |
| Current investments | 50/53 | €118,460 | €250,080 | +€131,620 | +111% |
| Cash at bank and in hand | 54/58 | €297,264 | €386,545 | +€89,281 | +30.0% |
| Deferred charges and accrued income | 490/1 | €21,051 | €23,192 | +€2,141 | +10.2% |
| Total equity and liabilities | 10/49 | €1,867,457 | €2,144,073 | +€276,616 | +14.8% |
| Equity | 10/15 | €1,215,000 | €1,415,599 | +€200,598 | +16.5% |
| Contributions | 10/11 | €8,160 | €8,160 | = | 0.0% |
| Contributions outside capital | 11 | €8,160 | €8,160 | = | 0.0% |
| Share premium | 1100/10 | €8,160 | €8,160 | = | 0.0% |
| Reserves | 13 | €1,206,840 | €1,407,439 | +€200,598 | +16.6% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,150,590 | €1,351,189 | +€200,598 | +17.4% |
| Amounts payable | 17/49 | €652,457 | €728,474 | +€76,017 | +11.7% |
| Amounts payable after more than one year | 17 | €188,483 | €234,427 | +€45,944 | +24.4% |
| Financial debts | 170/4 | €188,483 | €234,427 | +€45,944 | +24.4% |
| Amounts payable within one year | 42/48 | €463,973 | €494,047 | +€30,074 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €84,291 | €60,455 | -€23,836 | -28.3% |
| Financial debts | 43 | - | €53,823 | +€53,823 | |
| Credit institutions | 430/8 | - | €53,823 | +€53,823 | |
| Trade debts | 44 | €132,958 | €98,426 | -€34,532 | -26.0% |
| Suppliers | 440/4 | €132,958 | €98,426 | -€34,532 | -26.0% |
| Taxes, remuneration and social security | 45 | €131,727 | €146,507 | +€14,780 | +11.2% |
| Taxes | 450/3 | €49,334 | €19,869 | -€29,466 | -59.7% |
| Remuneration and social security | 454/9 | €82,393 | €126,639 | +€44,245 | +53.7% |
| Other amounts payable | 47/48 | €114,997 | €134,836 | +€19,839 | +17.3% |
| Remuneration, social security and pensions | 62 | €947,162 | €1,032,042 | +€84,879 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,215 | €202,996 | +€62,781 | +44.8% |
| Other operating charges | 640/8 | €172,247 | €191,422 | +€19,175 | +11.1% |
| Non-recurring operating charges | 66A | €10,940 | €6,347 | -€4,594 | -42.0% |
| Gross operating margin | 9900 | €1,631,934 | €1,695,514 | +€63,580 | +3.9% |
| Operating profit (loss) | 9901 | €361,370 | €262,708 | -€98,661 | -27.3% |
| Financial income | 75/76B | €385 | €11,370 | +€10,986 | +2,857% |
| Recurring financial income | 75 | €385 | €11,370 | +€10,986 | +2,857% |
| Financial charges | 65/66B | €11,722 | €13,879 | +€2,157 | +18.4% |
| Recurring financial charges | 65 | €11,722 | €13,879 | +€2,157 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €350,033 | €260,200 | -€89,833 | -25.7% |
| Income taxes | 67/77 | €95,898 | €59,601 | -€36,296 | -37.8% |
| Profit (loss) for the period | 9904 | €254,135 | €200,598 | -€53,537 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €254,135 | €200,598 | -€53,537 | -21.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.