TRANS-VERLEK: 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-VERLEK
Largest movements
- Current investments -€27,336
no longer reported in 2025 (was €27,336)
- Cash +€22,960
up €22,960 (+8.5%), from €271,003 to €293,963
mainly Current investments (+€27,336) and Receivables within one year (+€16,983)
- Receivables within one year -€16,983
no longer reported in 2025 (was €16,983)
of which Trade receivables: -€16,663
- Tangible fixed assets -€7,205
down €7,205 (-90.2%), from €7,990 to €785
of which Furniture and vehicles: -€5,960
- Stocks and contracts -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward -€19,658
down €19,658 (-7.8%), from €253,048 to €233,390
- Current portion of long-term debt -€11,650
no longer reported in 2025 (was €11,650)
- Tax, wage and social debts -€4,691
down €4,691 (-55.6%), from €8,437 to €3,746
- Turnover -€145,428
no longer reported in 2025 (was €145,428)
- Purchases and services -€72,132
no longer reported in 2025 (was €72,132)
- Gross operating margin -€71,692
down €71,692, from €67,697 to -€3,995
- Taxes -€13,451
down €13,451 (-99.7%), from €13,488 to €38
- Depreciation -€5,977
down €5,977 (-45.3%), from €13,181 to €7,205
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 | €330,350 | €294,748 | -€35,602 | -10.8% |
| Fixed assets | 21/28 | €8,395 | €785 | -€7,610 | -90.6% |
| Tangible fixed assets | 22/27 | €7,990 | €785 | -€7,205 | -90.2% |
| Plant, machinery and equipment | 23 | €2,030 | €785 | -€1,245 | -61.3% |
| Furniture and vehicles | 24 | €5,960 | - | -€5,960 | |
| Financial fixed assets | 28 | €405 | - | -€405 | |
| Current assets | 29/58 | €321,955 | €293,963 | -€27,992 | -8.7% |
| Stocks and contracts in progress | 3 | €5,000 | - | -€5,000 | |
| Stocks | 30/36 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €16,983 | - | -€16,983 | |
| Trade receivables | 40 | €16,663 | - | -€16,663 | |
| Other amounts receivable | 41 | €320 | - | -€320 | |
| Current investments | 50/53 | €27,336 | - | -€27,336 | |
| Cash at bank and in hand | 54/58 | €271,003 | €293,963 | +€22,960 | +8.5% |
| Deferred charges and accrued income | 490/1 | €1,633 | - | -€1,633 | |
| Total equity and liabilities | 10/49 | €330,350 | €294,748 | -€35,602 | -10.8% |
| Equity | 10/15 | €308,059 | €288,401 | -€19,658 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,411 | €36,411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,551 | €34,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,048 | €233,390 | -€19,658 | -7.8% |
| Amounts payable | 17/49 | €22,291 | €6,348 | -€15,943 | -71.5% |
| Amounts payable within one year | 42/48 | €22,215 | €6,348 | -€15,867 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €11,650 | - | -€11,650 | |
| Trade debts | 44 | €917 | €400 | -€517 | -56.4% |
| Suppliers | 440/4 | €917 | €400 | -€517 | -56.4% |
| Taxes, remuneration and social security | 45 | €8,437 | €3,746 | -€4,691 | -55.6% |
| Taxes | 450/3 | €8,437 | €3,746 | -€4,691 | -55.6% |
| Other amounts payable | 47/48 | €1,211 | €2,202 | +€990 | +81.7% |
| Accrued charges and deferred income | 492/3 | €76 | - | -€76 | |
| Turnover | 70 | €145,428 | - | -€145,428 | |
| Goods, raw materials, services and sundry goods | 60/61 | €72,132 | - | -€72,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,181 | €7,205 | -€5,977 | -45.3% |
| Other operating charges | 640/8 | €5,506 | €8,251 | +€2,745 | +49.8% |
| Gross operating margin | 9900 | €67,697 | -€3,995 | -€71,692 | |
| Operating profit (loss) | 9901 | €49,010 | -€19,451 | -€68,460 | |
| Financial income | 75/76B | €0 | €574 | +€574 | +1,148,100% |
| Recurring financial income | 75 | €0 | €574 | +€574 | +1,148,100% |
| Financial charges | 65/66B | €970 | €744 | -€226 | -23.3% |
| Recurring financial charges | 65 | €970 | €744 | -€226 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €48,040 | -€19,621 | -€67,660 | |
| Income taxes | 67/77 | €13,488 | €38 | -€13,451 | -99.7% |
| Profit (loss) for the period | 9904 | €34,551 | -€19,658 | -€54,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,551 | -€19,658 | -€54,210 |
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.