TRANSAF BUILDING: 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.
TRANSAF BUILDING
Largest movements
- Tangible fixed assets -€118,145
down €118,145 (-2.8%), from €4.2m to €4.0m
- Current portion of long-term debt -€302,770
down €302,770 (-27.5%), from €1.1m to €796,751
- Reserves +€100,229
up €100,229 (+111.0%), from €90,284 to €190,514
- Accrued charges and deferred income +€85,161
new in 2025: €85,161
- Gross operating margin +€113,855
up €113,855 (+53.3%), from €213,690 to €327,545
- Taxes +€21,215
up €21,215 (+383.7%), from €5,528 to €26,743
- Other operating charges +€15,786
up €15,786 (+1776.7%), from €888 to €16,674
- Financial charges -€9,489
down €9,489 (-15.2%), from €62,315 to €52,826
- Financial income -€7,539
down €7,539 (-80.0%), from €9,430 to €1,890
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 | €4,168,686 | €4,057,746 | -€110,941 | -2.7% |
| Fixed assets | 21/28 | €4,156,702 | €4,038,558 | -€118,145 | -2.8% |
| Tangible fixed assets | 22/27 | €4,156,702 | €4,038,558 | -€118,145 | -2.8% |
| Land and buildings | 22 | €4,156,702 | €4,038,558 | -€118,145 | -2.8% |
| Current assets | 29/58 | €11,984 | €19,188 | +€7,204 | +60.1% |
| Amounts receivable within one year | 40/41 | €6,095 | €194 | -€5,901 | -96.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,095 | €194 | -€5,901 | -96.8% |
| Cash at bank and in hand | 54/58 | €4,797 | €17,950 | +€13,154 | +274.2% |
| Deferred charges and accrued income | 490/1 | €1,093 | €1,044 | -€49 | -4.5% |
| Total equity and liabilities | 10/49 | €4,168,686 | €4,057,746 | -€110,941 | -2.7% |
| Equity | 10/15 | €3,045,284 | €3,145,514 | +€100,229 | +3.3% |
| Contributions | 10/11 | €2,955,000 | €2,955,000 | = | 0.0% |
| Reserves | 13 | €90,284 | €190,514 | +€100,229 | +111.0% |
| Distributable reserves | 133 | €90,284 | €190,514 | +€100,229 | +111.0% |
| Amounts payable | 17/49 | €1,123,402 | €912,232 | -€211,170 | -18.8% |
| Amounts payable within one year | 42/48 | €1,123,402 | €827,071 | -€296,331 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €1,099,521 | €796,751 | -€302,770 | -27.5% |
| Trade debts | 44 | €9,487 | €24,578 | +€15,090 | +159.1% |
| Suppliers | 440/4 | €9,487 | €24,578 | +€15,090 | +159.1% |
| Taxes, remuneration and social security | 45 | €5,528 | €4,243 | -€1,285 | -23.2% |
| Taxes | 450/3 | €5,528 | €4,243 | -€1,285 | -23.2% |
| Other amounts payable | 47/48 | €8,865 | €1,500 | -€7,365 | -83.1% |
| Accrued charges and deferred income | 492/3 | - | €85,161 | +€85,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,275 | €132,963 | +€688 | +0.5% |
| Other operating charges | 640/8 | €888 | €16,674 | +€15,786 | +1776.7% |
| Gross operating margin | 9900 | €213,690 | €327,545 | +€113,855 | +53.3% |
| Operating profit (loss) | 9901 | €80,527 | €177,908 | +€97,381 | +120.9% |
| Financial income | 75/76B | €9,430 | €1,890 | -€7,539 | -80.0% |
| Recurring financial income | 75 | €9,430 | €1,890 | -€7,539 | -80.0% |
| Financial charges | 65/66B | €62,315 | €52,826 | -€9,489 | -15.2% |
| Recurring financial charges | 65 | €62,315 | €52,826 | -€9,489 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €27,641 | €126,972 | +€99,331 | +359.4% |
| Income taxes | 67/77 | €5,528 | €26,743 | +€21,215 | +383.7% |
| Profit (loss) for the period | 9904 | €22,113 | €100,229 | +€78,116 | +353.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,113 | €100,229 | +€78,116 | +353.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.