TRANSAFE: 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.
TRANSAFE
Largest movements
- Tangible fixed assets +€1,747
new in 2025: €1,747
- Cash +€1,088
up €1,088 (+5.6%), from €19,456 to €20,544
mainly Net result for the year (+€10,275) and Tax, wage and social debts (+€674)
- Receivables within one year +€733
up €733 (+38.0%), from €1,926 to €2,659
of which Trade receivables: +€1,397
- Profit (loss) carried forward +€10,275
up €10,275, from -€4,653 to €5,622
- Trade debts -€7,382
no longer reported in 2025 (was €7,382)
- Tax, wage and social debts +€674
up €674 (+3685.7%), from €18 to €692
of which Taxes: +€554
- Gross operating margin +€23,302
up €23,302 (+18.7%), from €124,819 to €148,121
- Staff costs +€4,501
up €4,501 (+3.4%), from €130,996 to €135,497
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 | €21,512 | €25,080 | +€3,568 | +16.6% |
| Fixed assets | 21/28 | €130 | €1,877 | +€1,747 | +1343.6% |
| Tangible fixed assets | 22/27 | - | €1,747 | +€1,747 | |
| Plant, machinery and equipment | 23 | - | €1,747 | +€1,747 | |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €21,382 | €23,203 | +€1,821 | +8.5% |
| Amounts receivable within one year | 40/41 | €1,926 | €2,659 | +€733 | +38.0% |
| Trade receivables | 40 | €928 | €2,325 | +€1,397 | +150.5% |
| Other amounts receivable | 41 | €998 | €334 | -€665 | -66.6% |
| Cash at bank and in hand | 54/58 | €19,456 | €20,544 | +€1,088 | +5.6% |
| Total equity and liabilities | 10/49 | €21,512 | €25,080 | +€3,568 | +16.6% |
| Equity | 10/15 | €14,112 | €24,387 | +€10,275 | +72.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165 | €165 | = | 0.0% |
| Distributable reserves | 133 | €165 | €165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,653 | €5,622 | +€10,275 | |
| Amounts payable | 17/49 | €7,400 | €692 | -€6,708 | -90.6% |
| Amounts payable within one year | 42/48 | €7,400 | €692 | -€6,708 | -90.6% |
| Trade debts | 44 | €7,382 | - | -€7,382 | |
| Suppliers | 440/4 | €7,382 | - | -€7,382 | |
| Taxes, remuneration and social security | 45 | €18 | €692 | +€674 | +3685.7% |
| Taxes | 450/3 | €18 | €572 | +€554 | +3029.3% |
| Remuneration and social security | 454/9 | - | €120 | +€120 | |
| Remuneration, social security and pensions | 62 | €130,996 | €135,497 | +€4,501 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €178 | +€178 | |
| Other operating charges | 640/8 | €865 | €795 | -€71 | -8.2% |
| Gross operating margin | 9900 | €124,819 | €148,121 | +€23,302 | +18.7% |
| Operating profit (loss) | 9901 | -€7,042 | €11,652 | +€18,693 | |
| Financial charges | 65/66B | €57 | €54 | -€3 | -5.3% |
| Recurring financial charges | 65 | €57 | €54 | -€3 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,099 | €11,598 | +€18,696 | |
| Income taxes | 67/77 | €630 | €1,322 | +€692 | +109.7% |
| Profit (loss) for the period | 9904 | -€7,729 | €10,275 | +€18,004 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,729 | €10,275 | +€18,004 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.