TRANS MAX: 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 MAX
Largest movements
- Receivables within one year -€11,394
down €11,394 (-16.8%), from €67,949 to €56,556
of which Trade receivables: -€11,014
- Tangible fixed assets -€5,449
down €5,449 (-36.3%), from €15,022 to €9,573
of which Furniture and vehicles: -€5,222
- Trade debts -€10,586
down €10,586 (-96.0%), from €11,033 to €446
- Other debts -€6,000
down €6,000 (-100%), from €6,000 to €0
- Debts after one year -€3,651
down €3,651 (-100%), from €3,651 to €0
- Tax, wage and social debts +€2,573
up €2,573 (+471%), from €546 to €3,119
of which Taxes: +€2,573
- Gross operating margin +€17,204
up €17,204 (+288%), from €5,974 to €23,178
- Taxes +€2,496
up €2,496 (+1,582%), from €158 to €2,653
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 | €85,779 | €68,124 | -€17,655 | -20.6% |
| Fixed assets | 21/28 | €15,022 | €9,573 | -€5,449 | -36.3% |
| Tangible fixed assets | 22/27 | €15,022 | €9,573 | -€5,449 | -36.3% |
| Plant, machinery and equipment | 23 | €660 | €434 | -€226 | -34.3% |
| Furniture and vehicles | 24 | €14,361 | €9,139 | -€5,222 | -36.4% |
| Current assets | 29/58 | €70,758 | €58,551 | -€12,206 | -17.3% |
| Amounts receivable within one year | 40/41 | €67,949 | €56,556 | -€11,394 | -16.8% |
| Trade receivables | 40 | €39,754 | €28,740 | -€11,014 | -27.7% |
| Other amounts receivable | 41 | €28,195 | €27,815 | -€380 | -1.3% |
| Cash at bank and in hand | 54/58 | €1,984 | €1,524 | -€460 | -23.2% |
| Deferred charges and accrued income | 490/1 | €825 | €471 | -€353 | -42.8% |
| Total equity and liabilities | 10/49 | €85,779 | €68,124 | -€17,655 | -20.6% |
| Equity | 10/15 | €60,245 | €60,496 | +€251 | +0.4% |
| Contributions | 10/11 | €17,600 | €17,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,785 | €41,036 | +€251 | +0.6% |
| Amounts payable | 17/49 | €25,534 | €7,628 | -€17,906 | -70.1% |
| Amounts payable after more than one year | 17 | €3,651 | €0 | -€3,651 | -100% |
| Financial debts | 170/4 | €3,651 | €0 | -€3,651 | -100% |
| Amounts payable within one year | 42/48 | €21,883 | €7,216 | -€14,667 | -67.0% |
| Current portion of amounts payable after more than one year | 42 | €4,304 | €3,651 | -€653 | -15.2% |
| Trade debts | 44 | €11,033 | €446 | -€10,586 | -96.0% |
| Suppliers | 440/4 | €11,033 | €446 | -€10,586 | -96.0% |
| Taxes, remuneration and social security | 45 | €546 | €3,119 | +€2,573 | +471% |
| Taxes | 450/3 | €546 | €3,119 | +€2,573 | +471% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,000 | €0 | -€6,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Non-recurring operating income | 76A | €428 | €1,382 | +€953 | +223% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,241 | €5,449 | +€208 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,982 | €6,982 | = | 0.0% |
| Other operating charges | 640/8 | €897 | €814 | -€83 | -9.2% |
| Non-recurring operating charges | 66A | €80 | €6,581 | +€6,501 | +8,126% |
| Gross operating margin | 9900 | €5,974 | €23,178 | +€17,204 | +288% |
| Operating profit (loss) | 9901 | -€7,226 | €3,353 | +€10,579 | |
| Financial income | 75/76B | €0 | €158 | +€158 | +394,700% |
| Recurring financial income | 75 | €0 | €158 | +€158 | +394,700% |
| Financial charges | 65/66B | €375 | €607 | +€231 | +61.7% |
| Recurring financial charges | 65 | €375 | €607 | +€231 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,601 | €2,904 | +€10,506 | |
| Income taxes | 67/77 | €158 | €2,653 | +€2,496 | +1,582% |
| Profit (loss) for the period | 9904 | -€7,759 | €251 | +€8,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,759 | €251 | +€8,010 |
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 14 October 2026 via checked.be.