TRANS SARAH: 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 SARAH
Largest movements
- Financial fixed assets -€5,000
down €5,000 (-30.5%), from €16,405 to €11,405
- Profit (loss) carried forward -€14,648
down €14,648 (-9.6%), from €152,718 to €138,070
- Trade debts +€4,626
up €4,626 (+38.8%), from €11,916 to €16,543
- Gross operating margin -€17,733
down €17,733 (-18.6%), from €95,434 to €77,701
- Financial income -€14,282
down €14,282 (-98.3%), from €14,531 to €248
of which Non-recurring financial income: -€14,531
- Staff costs +€6,180
up €6,180 (+10.2%), from €60,577 to €66,757
- Taxes +€5,548
up €5,548 (+81.5%), from €6,807 to €12,355
- Other operating charges +€2,520
new in 2025: €2,520
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 | €199,887 | €190,724 | -€9,163 | -4.6% |
| Fixed assets | 21/28 | €29,989 | €23,062 | -€6,927 | -23.1% |
| Tangible fixed assets | 22/27 | €13,584 | €11,656 | -€1,927 | -14.2% |
| Furniture and vehicles | 24 | €13,584 | €11,656 | -€1,927 | -14.2% |
| Financial fixed assets | 28 | €16,405 | €11,405 | -€5,000 | -30.5% |
| Current assets | 29/58 | €169,898 | €167,662 | -€2,236 | -1.3% |
| Amounts receivable within one year | 40/41 | €98,107 | €97,476 | -€631 | -0.6% |
| Trade receivables | 40 | €53,918 | €18,110 | -€35,808 | -66.4% |
| Other amounts receivable | 41 | €44,189 | €79,365 | +€35,177 | +79.6% |
| Cash at bank and in hand | 54/58 | €70,107 | €70,186 | +€79 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,684 | - | -€1,684 | |
| Total equity and liabilities | 10/49 | €199,887 | €190,724 | -€9,163 | -4.6% |
| Equity | 10/15 | €173,178 | €158,530 | -€14,648 | -8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,718 | €138,070 | -€14,648 | -9.6% |
| Amounts payable | 17/49 | €26,709 | €32,194 | +€5,485 | +20.5% |
| Amounts payable after more than one year | 17 | €9,000 | €9,000 | = | 0.0% |
| Financial debts | 170/4 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,709 | €23,194 | +€5,485 | +31.0% |
| Trade debts | 44 | €11,916 | €16,543 | +€4,626 | +38.8% |
| Suppliers | 440/4 | €11,916 | €16,543 | +€4,626 | +38.8% |
| Taxes, remuneration and social security | 45 | €5,793 | €6,651 | +€859 | +14.8% |
| Taxes | 450/3 | €1,264 | - | -€1,264 | |
| Remuneration and social security | 454/9 | €4,528 | €6,651 | +€2,123 | +46.9% |
| Remuneration, social security and pensions | 62 | €60,577 | €66,757 | +€6,180 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,439 | €8,527 | +€2,088 | +32.4% |
| Other operating charges | 640/8 | - | €2,520 | +€2,520 | |
| Non-recurring operating charges | 66A | €715 | €855 | +€140 | +19.6% |
| Gross operating margin | 9900 | €95,434 | €77,701 | -€17,733 | -18.6% |
| Operating profit (loss) | 9901 | €27,703 | -€959 | -€28,661 | |
| Financial income | 75/76B | €14,531 | €248 | -€14,282 | -98.3% |
| Recurring financial income | 75 | €0 | €248 | +€248 | +103,438% |
| Non-recurring financial income | 76B | €14,531 | - | -€14,531 | |
| Financial charges | 65/66B | €639 | €1,583 | +€944 | +148% |
| Recurring financial charges | 65 | €639 | €1,583 | +€944 | +148% |
| Profit (loss) for the period before taxes | 9903 | €41,594 | -€2,293 | -€43,887 | |
| Income taxes | 67/77 | €6,807 | €12,355 | +€5,548 | +81.5% |
| Profit (loss) for the period | 9904 | €34,788 | -€14,648 | -€49,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,788 | -€14,648 | -€49,436 |
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.