TRANS T.M.: 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 T.M.
Largest movements
- Tangible fixed assets +€78,388
up €78,388 (+221.0%), from €35,462 to €113,849
of which Leasing and similar rights: +€76,024
- Receivables within one year +€57,606
up €57,606 (+44.3%), from €130,113 to €187,719
of which Other amounts receivable: +€62,928
- Financial fixed assets +€8,700
new in 2025: €8,700
- Cash -€7,506
down €7,506 (-65.2%), from €11,513 to €4,007
mainly Investment in fixed assets (net) (-€105,982) and Receivables within one year (-€57,606)
- Deferred charges and accrued income -€6,779
down €6,779 (-84.7%), from €8,000 to €1,221
- Debts after one year +€55,528
new in 2025: €55,528
- Trade debts +€40,216
up €40,216 (+504.9%), from €7,966 to €48,182
- Profit (loss) carried forward +€13,181
up €13,181 (+26.4%), from €49,837 to €63,018
- Tax, wage and social debts +€11,021
up €11,021 (+51.5%), from €21,412 to €32,434
of which Remuneration and social security: +€8,379
- Current portion of long-term debt +€10,463
up €10,463 (+59.2%), from €17,660 to €28,122
- Gross operating margin -€31,940
down €31,940 (-37.2%), from €85,780 to €53,840
- Staff costs +€14,225
up €14,225 (+1223.8%), from €1,162 to €15,387
- Taxes -€14,105
down €14,105 (-72.1%), from €19,561 to €5,455
- Depreciation +€5,329
up €5,329 (+39.3%), from €13,565 to €18,894
- Financial charges +€1,987
up €1,987 (+48.5%), from €4,093 to €6,080
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 | €185,093 | €315,502 | +€130,409 | +70.5% |
| Fixed assets | 21/28 | €35,462 | €122,549 | +€87,088 | +245.6% |
| Tangible fixed assets | 22/27 | €35,462 | €113,849 | +€78,388 | +221.0% |
| Plant, machinery and equipment | 23 | - | €2,430 | +€2,430 | |
| Furniture and vehicles | 24 | €1,578 | €1,512 | -€66 | -4.2% |
| Leasing and similar rights | 25 | €33,883 | €109,907 | +€76,024 | +224.4% |
| Financial fixed assets | 28 | - | €8,700 | +€8,700 | |
| Current assets | 29/58 | €149,631 | €192,953 | +€43,322 | +29.0% |
| Amounts receivable within one year | 40/41 | €130,113 | €187,719 | +€57,606 | +44.3% |
| Trade receivables | 40 | €23,761 | €18,439 | -€5,321 | -22.4% |
| Other amounts receivable | 41 | €106,352 | €169,280 | +€62,928 | +59.2% |
| Current investments | 50/53 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,513 | €4,007 | -€7,506 | -65.2% |
| Deferred charges and accrued income | 490/1 | €8,000 | €1,221 | -€6,779 | -84.7% |
| Total equity and liabilities | 10/49 | €185,093 | €315,502 | +€130,409 | +70.5% |
| Equity | 10/15 | €138,055 | €151,236 | +€13,181 | +9.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €69,627 | €69,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,914 | €4,914 | = | 0.0% |
| Distributable reserves | 133 | €62,854 | €62,854 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,837 | €63,018 | +€13,181 | +26.4% |
| Amounts payable | 17/49 | €47,038 | €164,266 | +€117,228 | +249.2% |
| Amounts payable after more than one year | 17 | - | €55,528 | +€55,528 | |
| Financial debts | 170/4 | - | €55,528 | +€55,528 | |
| Amounts payable within one year | 42/48 | €47,038 | €108,738 | +€61,700 | +131.2% |
| Current portion of amounts payable after more than one year | 42 | €17,660 | €28,122 | +€10,463 | +59.2% |
| Trade debts | 44 | €7,966 | €48,182 | +€40,216 | +504.9% |
| Suppliers | 440/4 | €7,966 | €48,182 | +€40,216 | +504.9% |
| Taxes, remuneration and social security | 45 | €21,412 | €32,434 | +€11,021 | +51.5% |
| Taxes | 450/3 | €21,412 | €24,055 | +€2,643 | +12.3% |
| Remuneration and social security | 454/9 | - | €8,379 | +€8,379 | |
| Remuneration, social security and pensions | 62 | €1,162 | €15,387 | +€14,225 | +1223.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,565 | €18,894 | +€5,329 | +39.3% |
| Other operating charges | 640/8 | €3,548 | €1,986 | -€1,563 | -44.0% |
| Gross operating margin | 9900 | €85,780 | €53,840 | -€31,940 | -37.2% |
| Operating profit (loss) | 9901 | €67,504 | €17,573 | -€49,932 | -74.0% |
| Financial income | 75/76B | €5,986 | €7,144 | +€1,158 | +19.3% |
| Recurring financial income | 75 | €5,986 | €7,144 | +€1,158 | +19.3% |
| Financial charges | 65/66B | €4,093 | €6,080 | +€1,987 | +48.5% |
| Recurring financial charges | 65 | €4,093 | €6,080 | +€1,987 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €69,397 | €18,637 | -€50,761 | -73.1% |
| Income taxes | 67/77 | €19,561 | €5,455 | -€14,105 | -72.1% |
| Profit (loss) for the period | 9904 | €49,837 | €13,181 | -€36,655 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,837 | €13,181 | -€36,655 | -73.6% |
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 9 October 2026 via checked.be.