Trans-Mission Express: 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-Mission Express
Largest movements
- Tangible fixed assets +€52,929
up €52,929 (+387%), from €13,666 to €66,595
- Receivables within one year -€51,761
down €51,761 (-80.5%), from €64,324 to €12,562
of which Trade receivables: -€27,925
- Cash +€2,469
up €2,469 (+36.8%), from €6,709 to €9,178
mainly Receivables within one year (+€51,761) and Depreciation (+€16,115)
- Deferred charges and accrued income +€1,041
new in 2025: €1,041
- Profit (loss) carried forward -€14,018
down €14,018 (-21.1%), from €66,576 to €52,559
- Debts after one year +€12,288
new in 2025: €12,288
- Current portion of long-term debt +€9,543
new in 2025: €9,543
- Tax, wage and social debts -€5,396
down €5,396 (-44.2%), from €12,208 to €6,812
of which Taxes: -€3,431
- Trade debts +€2,450
up €2,450 (+78.9%), from €3,104 to €5,554
- Gross operating margin -€36,362
down €36,362 (-83.6%), from €43,477 to €7,116
- Depreciation +€9,903
up €9,903 (+159%), from €6,212 to €16,115
- Taxes -€7,926
down €7,926 (-98.0%), from €8,085 to €159
- Staff costs -€5,627
down €5,627 (-97.0%), from €5,799 to €172
- Other operating charges -€3,535
down €3,535 (-56.7%), from €6,239 to €2,704
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 | €84,889 | €89,756 | +€4,867 | +5.7% |
| Fixed assets | 21/28 | €13,856 | €66,975 | +€53,119 | +383% |
| Tangible fixed assets | 22/27 | €13,666 | €66,595 | +€52,929 | +387% |
| Furniture and vehicles | 24 | €13,666 | €66,595 | +€52,929 | +387% |
| Financial fixed assets | 28 | €190 | €381 | +€190 | +100% |
| Current assets | 29/58 | €71,033 | €22,781 | -€48,252 | -67.9% |
| Amounts receivable within one year | 40/41 | €64,324 | €12,562 | -€51,761 | -80.5% |
| Trade receivables | 40 | €30,616 | €2,691 | -€27,925 | -91.2% |
| Other amounts receivable | 41 | €33,708 | €9,871 | -€23,836 | -70.7% |
| Cash at bank and in hand | 54/58 | €6,709 | €9,178 | +€2,469 | +36.8% |
| Deferred charges and accrued income | 490/1 | - | €1,041 | +€1,041 | |
| Total equity and liabilities | 10/49 | €84,889 | €89,756 | +€4,867 | +5.7% |
| Equity | 10/15 | €69,576 | €55,559 | -€14,018 | -20.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,576 | €52,559 | -€14,018 | -21.1% |
| Amounts payable | 17/49 | €15,313 | €34,197 | +€18,885 | +123% |
| Amounts payable after more than one year | 17 | - | €12,288 | +€12,288 | |
| Financial debts | 170/4 | - | €12,288 | +€12,288 | |
| Amounts payable within one year | 42/48 | €15,313 | €21,909 | +€6,596 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,543 | +€9,543 | |
| Trade debts | 44 | €3,104 | €5,554 | +€2,450 | +78.9% |
| Suppliers | 440/4 | €3,104 | €5,554 | +€2,450 | +78.9% |
| Taxes, remuneration and social security | 45 | €12,208 | €6,812 | -€5,396 | -44.2% |
| Taxes | 450/3 | €10,243 | €6,812 | -€3,431 | -33.5% |
| Remuneration and social security | 454/9 | €1,965 | - | -€1,965 | |
| Remuneration, social security and pensions | 62 | €5,799 | €172 | -€5,627 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,212 | €16,115 | +€9,903 | +159% |
| Other operating charges | 640/8 | €6,239 | €2,704 | -€3,535 | -56.7% |
| Gross operating margin | 9900 | €43,477 | €7,116 | -€36,362 | -83.6% |
| Operating profit (loss) | 9901 | €25,227 | -€11,875 | -€37,103 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.6% |
| Financial charges | 65/66B | €1,319 | €1,983 | +€665 | +50.4% |
| Recurring financial charges | 65 | €1,319 | €1,983 | +€665 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €23,910 | -€13,859 | -€37,768 | |
| Income taxes | 67/77 | €8,085 | €159 | -€7,926 | -98.0% |
| Profit (loss) for the period | 9904 | €15,825 | -€14,018 | -€29,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,825 | -€14,018 | -€29,842 |
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 28 October 2026 via checked.be.