TRANS - NAVAL: 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 - NAVAL
Largest movements
- Receivables within one year -€22,297
down €22,297 (-58.6%), from €38,055 to €15,758
of which Trade receivables: -€24,794
- Cash +€10,488
up €10,488 (+22.2%), from €47,179 to €57,667
mainly Receivables within one year (+€22,297) and Debts after one year (+€12,000)
- Tangible fixed assets -€1,051
down €1,051 (-20.6%), from €5,092 to €4,041
of which Plant, machinery and equipment: -€1,157
- Profit (loss) carried forward -€14,156
down €14,156 (-4.4%), from -€321,175 to -€335,331
- Trade debts -€12,247
down €12,247 (-92.9%), from €13,189 to €942
- Debts after one year +€12,000
up €12,000 (+4.3%), from €276,000 to €288,000
- Gross operating margin +€3,651
up €3,651, from -€1,685 to €1,966
- Financial charges +€803
up €803 (+6.2%), from €13,036 to €13,839
- Other operating charges -€227
down €227 (-23.9%), from €952 to €725
- Depreciation +€80
up €80 (+5.7%), from €1,409 to €1,488
- Taxes -€69
down €69 (-49.5%), from €140 to €70
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 | €90,671 | €77,565 | -€13,105 | -14.5% |
| Fixed assets | 21/28 | €5,132 | €4,081 | -€1,051 | -20.5% |
| Tangible fixed assets | 22/27 | €5,092 | €4,041 | -€1,051 | -20.6% |
| Plant, machinery and equipment | 23 | €4,560 | €3,403 | -€1,157 | -25.4% |
| Furniture and vehicles | 24 | €533 | €639 | +€106 | +19.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €85,538 | €73,484 | -€12,054 | -14.1% |
| Amounts receivable within one year | 40/41 | €38,055 | €15,758 | -€22,297 | -58.6% |
| Trade receivables | 40 | €37,165 | €12,371 | -€24,794 | -66.7% |
| Other amounts receivable | 41 | €890 | €3,387 | +€2,496 | +280% |
| Cash at bank and in hand | 54/58 | €47,179 | €57,667 | +€10,488 | +22.2% |
| Deferred charges and accrued income | 490/1 | €304 | €59 | -€245 | -80.6% |
| Total equity and liabilities | 10/49 | €90,671 | €77,565 | -€13,105 | -14.5% |
| Equity | 10/15 | -€259,416 | -€273,572 | -€14,156 | -5.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €259 | €259 | = | 0.0% |
| Tax-exempt reserves | 132 | €259 | €259 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,175 | -€335,331 | -€14,156 | -4.4% |
| Amounts payable | 17/49 | €350,086 | €351,137 | +€1,051 | +0.3% |
| Amounts payable after more than one year | 17 | €276,000 | €288,000 | +€12,000 | +4.3% |
| Financial debts | 170/4 | €276,000 | €288,000 | +€12,000 | +4.3% |
| Amounts payable within one year | 42/48 | €61,086 | €49,337 | -€11,749 | -19.2% |
| Trade debts | 44 | €13,189 | €942 | -€12,247 | -92.9% |
| Suppliers | 440/4 | €13,189 | €942 | -€12,247 | -92.9% |
| Taxes, remuneration and social security | 45 | €1,171 | €1,110 | -€61 | -5.2% |
| Taxes | 450/3 | €1,171 | €1,110 | -€61 | -5.2% |
| Other amounts payable | 47/48 | €46,726 | €47,285 | +€559 | +1.2% |
| Accrued charges and deferred income | 492/3 | €13,000 | €13,800 | +€800 | +6.2% |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,409 | €1,488 | +€80 | +5.7% |
| Other operating charges | 640/8 | €952 | €725 | -€227 | -23.9% |
| Gross operating margin | 9900 | -€1,685 | €1,966 | +€3,651 | |
| Operating profit (loss) | 9901 | -€4,045 | -€247 | +€3,798 | +93.9% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €13,036 | €13,839 | +€803 | +6.2% |
| Recurring financial charges | 65 | €13,036 | €13,839 | +€803 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,071 | -€14,086 | +€2,985 | +17.5% |
| Income taxes | 67/77 | €140 | €70 | -€69 | -49.5% |
| Profit (loss) for the period | 9904 | -€17,211 | -€14,156 | +€3,054 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,211 | -€14,156 | +€3,054 | +17.7% |
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 19 October 2026 via checked.be.