TRANS PUCE: 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 PUCE
Largest movements
- Cash -€21,154
down €21,154 (-71.6%), from €29,550 to €8,397
mainly Net result for the year (-€22,561) and Trade debts (-€17,597)
- Receivables within one year -€13,886
down €13,886 (-16.4%), from €84,816 to €70,930
of which Trade receivables: -€9,871
- Tangible fixed assets -€5,923
down €5,923 (-33.4%), from €17,712 to €11,789
of which Furniture and vehicles: -€5,000
- Profit (loss) carried forward -€22,561
new in 2025: -€22,561
- Trade debts -€17,597
down €17,597 (-86.8%), from €20,284 to €2,687
- Gross operating margin -€55,526
down €55,526, from €38,170 to -€17,356
- Taxes -€7,289
down €7,289 (-98.2%), from €7,421 to €132
- Depreciation +€4,357
up €4,357 (+278.4%), from €1,565 to €5,923
- Financial charges -€747
down €747 (-58.4%), from €1,278 to €531
of which Non-recurring financial charges: -€567
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 | €134,277 | €93,698 | -€40,579 | -30.2% |
| Fixed assets | 21/28 | €17,712 | €12,189 | -€5,523 | -31.2% |
| Tangible fixed assets | 22/27 | €17,712 | €11,789 | -€5,923 | -33.4% |
| Plant, machinery and equipment | 23 | €1,807 | €1,308 | -€499 | -27.6% |
| Furniture and vehicles | 24 | €14,358 | €9,358 | -€5,000 | -34.8% |
| Other tangible fixed assets | 26 | €1,547 | €1,123 | -€424 | -27.4% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €116,565 | €81,509 | -€35,056 | -30.1% |
| Amounts receivable within one year | 40/41 | €84,816 | €70,930 | -€13,886 | -16.4% |
| Trade receivables | 40 | €25,931 | €16,060 | -€9,871 | -38.1% |
| Other amounts receivable | 41 | €58,885 | €54,870 | -€4,015 | -6.8% |
| Cash at bank and in hand | 54/58 | €29,550 | €8,397 | -€21,154 | -71.6% |
| Deferred charges and accrued income | 490/1 | €2,199 | €2,183 | -€16 | -0.7% |
| Total equity and liabilities | 10/49 | €134,277 | €93,698 | -€40,579 | -30.2% |
| Equity | 10/15 | €113,572 | €91,011 | -€22,561 | -19.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €52,072 | €52,072 | = | 0.0% |
| Distributable reserves | 133 | €52,072 | €52,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,561 | -€22,561 | |
| Amounts payable | 17/49 | €20,705 | €2,687 | -€18,017 | -87.0% |
| Amounts payable within one year | 42/48 | €20,705 | €2,687 | -€18,017 | -87.0% |
| Trade debts | 44 | €20,284 | €2,687 | -€17,597 | -86.8% |
| Suppliers | 440/4 | €20,284 | €2,687 | -€17,597 | -86.8% |
| Taxes, remuneration and social security | 45 | €421 | - | -€421 | |
| Taxes | 450/3 | €421 | - | -€421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,565 | €5,923 | +€4,357 | +278.4% |
| Other operating charges | 640/8 | €1,217 | €1,418 | +€201 | +16.5% |
| Non-recurring operating charges | 66A | - | €48 | +€48 | |
| Gross operating margin | 9900 | €38,170 | -€17,356 | -€55,526 | |
| Operating profit (loss) | 9901 | €35,388 | -€24,745 | -€60,133 | |
| Financial income | 75/76B | €3,084 | €2,847 | -€237 | -7.7% |
| Recurring financial income | 75 | €3,084 | €2,847 | -€237 | -7.7% |
| Financial charges | 65/66B | €1,278 | €531 | -€747 | -58.4% |
| Recurring financial charges | 65 | €711 | €531 | -€180 | -25.3% |
| Non-recurring financial charges | 66B | €567 | - | -€567 | |
| Profit (loss) for the period before taxes | 9903 | €37,194 | -€22,429 | -€59,624 | |
| Income taxes | 67/77 | €7,421 | €132 | -€7,289 | -98.2% |
| Profit (loss) for the period | 9904 | €29,774 | -€22,561 | -€52,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,774 | -€22,561 | -€52,335 |
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 6 October 2026 via checked.be.