Trans Max's: 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 Max's
Largest movements
- Receivables within one year +€154,655
up €154,655 (+79.7%), from €194,019 to €348,673
of which Trade receivables: +€154,654
- Tangible fixed assets +€128,783
up €128,783 (+21.6%), from €595,119 to €723,902
of which Leasing and similar rights: +€109,221
- Deferred charges and accrued income +€17,255
new in 2025: €17,255
- Trade debts +€121,349
up €121,349 (+131.0%), from €92,602 to €213,951
- Current portion of long-term debt +€62,314
up €62,314 (+31.9%), from €195,565 to €257,878
- Debts after one year +€58,175
up €58,175 (+12.9%), from €452,260 to €510,436
- Profit (loss) carried forward +€46,895
up €46,895 (+28.0%), from €167,652 to €214,548
- Tax, wage and social debts +€32,540
up €32,540 (+81.8%), from €39,786 to €72,326
of which Taxes: +€20,343
- Turnover +€350,906
up €350,906 (+37.0%), from €949,274 to €1.3m
- Gross operating margin +€212,641
up €212,641 (+45.1%), from €471,439 to €684,080
- Staff costs +€91,467
up €91,467 (+43.0%), from €212,815 to €304,282
- Purchases and services +€61,902
up €61,902 (+11.2%), from €554,198 to €616,100
- Other operating charges +€59,174
up €59,174 (+3115.7%), from €1,899 to €61,073
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 | €1,363,461 | €1,671,632 | +€308,172 | +22.6% |
| Fixed assets | 21/28 | €1,094,111 | €1,225,393 | +€131,283 | +12.0% |
| Tangible fixed assets | 22/27 | €595,119 | €723,902 | +€128,783 | +21.6% |
| Land and buildings | 22 | €6,855 | €6,611 | -€244 | -3.6% |
| Plant, machinery and equipment | 23 | €3,342 | €2,603 | -€740 | -22.1% |
| Furniture and vehicles | 24 | €124,391 | €144,936 | +€20,545 | +16.5% |
| Leasing and similar rights | 25 | €460,530 | €569,752 | +€109,221 | +23.7% |
| Financial fixed assets | 28 | €498,992 | €501,492 | +€2,500 | +0.5% |
| Current assets | 29/58 | €269,350 | €446,239 | +€176,889 | +65.7% |
| Stocks and contracts in progress | 3 | €13,034 | €12,269 | -€766 | -5.9% |
| Stocks | 30/36 | €13,034 | €12,269 | -€766 | -5.9% |
| Amounts receivable within one year | 40/41 | €194,019 | €348,673 | +€154,655 | +79.7% |
| Trade receivables | 40 | €177,593 | €332,248 | +€154,654 | +87.1% |
| Other amounts receivable | 41 | €16,426 | €16,426 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €62,297 | €68,042 | +€5,745 | +9.2% |
| Deferred charges and accrued income | 490/1 | - | €17,255 | +€17,255 | |
| Total equity and liabilities | 10/49 | €1,363,461 | €1,671,632 | +€308,172 | +22.6% |
| Equity | 10/15 | €175,712 | €232,357 | +€56,645 | +32.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,652 | €214,548 | +€46,895 | +28.0% |
| Investment grants | 15 | - | €9,749 | +€9,749 | |
| Amounts payable | 17/49 | €1,187,749 | €1,439,276 | +€251,527 | +21.2% |
| Amounts payable after more than one year | 17 | €452,260 | €510,436 | +€58,175 | +12.9% |
| Financial debts | 170/4 | €452,260 | €510,436 | +€58,175 | +12.9% |
| Amounts payable within one year | 42/48 | €735,488 | €928,840 | +€193,352 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €195,565 | €257,878 | +€62,314 | +31.9% |
| Trade debts | 44 | €92,602 | €213,951 | +€121,349 | +131.0% |
| Suppliers | 440/4 | €92,602 | €213,951 | +€121,349 | +131.0% |
| Taxes, remuneration and social security | 45 | €39,786 | €72,326 | +€32,540 | +81.8% |
| Taxes | 450/3 | €17,341 | €37,684 | +€20,343 | +117.3% |
| Remuneration and social security | 454/9 | €22,445 | €34,642 | +€12,197 | +54.3% |
| Other amounts payable | 47/48 | €407,536 | €384,685 | -€22,851 | -5.6% |
| Turnover | 70 | €949,274 | €1,300,180 | +€350,906 | +37.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €554,198 | €616,100 | +€61,902 | +11.2% |
| Remuneration, social security and pensions | 62 | €212,815 | €304,282 | +€91,467 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,809 | €248,984 | +€39,176 | +18.7% |
| Other operating charges | 640/8 | €1,899 | €61,073 | +€59,174 | +3115.7% |
| Non-recurring operating charges | 66A | - | €135 | +€135 | |
| Gross operating margin | 9900 | €471,439 | €684,080 | +€212,641 | +45.1% |
| Operating profit (loss) | 9901 | €46,916 | €69,605 | +€22,690 | +48.4% |
| Financial income | 75/76B | €876 | €5,228 | +€4,353 | +497.0% |
| Recurring financial income | 75 | €876 | €5,228 | +€4,353 | +497.0% |
| Financial charges | 65/66B | €23,059 | €27,938 | +€4,879 | +21.2% |
| Recurring financial charges | 65 | €23,059 | €27,938 | +€4,879 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €24,733 | €46,895 | +€22,163 | +89.6% |
| Profit (loss) for the period | 9904 | €24,733 | €46,895 | +€22,163 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,733 | €46,895 | +€22,163 | +89.6% |
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 9 October 2026 via checked.be.