TRANS-RENOVAR: 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-RENOVAR
Largest movements
- Stocks and contracts +€35,374
up €35,374 (+1,216%), from €2,910 to €38,284
- Tangible fixed assets -€4,863
down €4,863 (-7.0%), from €69,865 to €65,003
of which Plant, machinery and equipment: -€3,778
- Deferred charges and accrued income +€2,821
up €2,821 (+104%), from €2,715 to €5,536
- Receivables within one year -€2,611
down €2,611 (-3.9%), from €66,851 to €64,241
of which Other amounts receivable: -€5,051
- Tax, wage and social debts +€22,779
up €22,779 (+96.2%), from €23,675 to €46,454
of which Taxes: +€22,084
- Reserves +€20,000
up €20,000 (+74.5%), from €26,845 to €46,845
- Short-term financial debts -€7,018
no longer reported in 2025 (was €7,018)
- Debts after one year -€5,885
no longer reported in 2025 (was €5,885)
- Trade debts +€2,780
up €2,780 (+5.6%), from €49,543 to €52,323
- Staff costs -€43,884
down €43,884 (-55.6%), from €78,882 to €34,998
- Gross operating margin -€12,115
down €12,115 (-11.1%), from €109,603 to €97,488
- Taxes +€7,405
up €7,405 (+606%), from €1,221 to €8,626
- Other operating charges +€4,173
up €4,173 (+132%), from €3,152 to €7,325
- Depreciation +€3,990
up €3,990 (+26.5%), from €15,057 to €19,047
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 | €142,341 | €173,703 | +€31,361 | +22.0% |
| Fixed assets | 21/28 | €69,865 | €65,003 | -€4,863 | -7.0% |
| Tangible fixed assets | 22/27 | €69,865 | €65,003 | -€4,863 | -7.0% |
| Plant, machinery and equipment | 23 | €14,348 | €10,570 | -€3,778 | -26.3% |
| Furniture and vehicles | 24 | €55,517 | €54,433 | -€1,084 | -2.0% |
| Current assets | 29/58 | €72,476 | €108,700 | +€36,224 | +50.0% |
| Stocks and contracts in progress | 3 | €2,910 | €38,284 | +€35,374 | +1,216% |
| Stocks | 30/36 | €2,910 | €38,284 | +€35,374 | +1,216% |
| Amounts receivable within one year | 40/41 | €66,851 | €64,241 | -€2,611 | -3.9% |
| Trade receivables | 40 | €42,304 | €44,744 | +€2,440 | +5.8% |
| Other amounts receivable | 41 | €24,547 | €19,497 | -€5,051 | -20.6% |
| Cash at bank and in hand | 54/58 | - | €639 | +€639 | |
| Deferred charges and accrued income | 490/1 | €2,715 | €5,536 | +€2,821 | +104% |
| Total equity and liabilities | 10/49 | €142,341 | €173,703 | +€31,361 | +22.0% |
| Equity | 10/15 | €47,376 | €67,526 | +€20,151 | +42.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €26,845 | €46,845 | +€20,000 | +74.5% |
| Distributable reserves | 133 | €26,845 | €46,845 | +€20,000 | +74.5% |
| Profit (loss) carried forward | 14 | €531 | €681 | +€151 | +28.4% |
| Amounts payable | 17/49 | €94,966 | €106,176 | +€11,211 | +11.8% |
| Amounts payable after more than one year | 17 | €5,885 | - | -€5,885 | |
| Financial debts | 170/4 | €5,885 | - | -€5,885 | |
| Amounts payable within one year | 42/48 | €88,702 | €105,494 | +€16,792 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €8,467 | €5,885 | -€2,582 | -30.5% |
| Financial debts | 43 | €7,018 | - | -€7,018 | |
| Credit institutions | 430/8 | €7,018 | - | -€7,018 | |
| Trade debts | 44 | €49,543 | €52,323 | +€2,780 | +5.6% |
| Suppliers | 440/4 | €49,543 | €52,323 | +€2,780 | +5.6% |
| Taxes, remuneration and social security | 45 | €23,675 | €46,454 | +€22,779 | +96.2% |
| Taxes | 450/3 | €17,701 | €39,785 | +€22,084 | +125% |
| Remuneration and social security | 454/9 | €5,974 | €6,669 | +€695 | +11.6% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | €379 | €683 | +€304 | +80.2% |
| Remuneration, social security and pensions | 62 | €78,882 | €34,998 | -€43,884 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,057 | €19,047 | +€3,990 | +26.5% |
| Other operating charges | 640/8 | €3,152 | €7,325 | +€4,173 | +132% |
| Non-recurring operating charges | 66A | €5,154 | €1,816 | -€3,339 | -64.8% |
| Gross operating margin | 9900 | €109,603 | €97,488 | -€12,115 | -11.1% |
| Operating profit (loss) | 9901 | €7,358 | €34,302 | +€26,944 | +366% |
| Financial income | 75/76B | €49 | €4 | -€44 | -91.1% |
| Recurring financial income | 75 | €49 | €4 | -€44 | -91.1% |
| Financial charges | 65/66B | €5,654 | €4,697 | -€958 | -16.9% |
| Recurring financial charges | 65 | €5,654 | €4,697 | -€958 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €1,752 | €29,609 | +€27,857 | +1,590% |
| Income taxes | 67/77 | €1,221 | €8,626 | +€7,405 | +606% |
| Profit (loss) for the period | 9904 | €531 | €20,984 | +€20,453 | +3,853% |
| Profit (loss) for the period to be appropriated | 9905 | €531 | €20,984 | +€20,453 | +3,853% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.