TRANSAFLO: 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.
What changed
TRANSAFLO
NACE 53.200, Other postal and courier activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€687,344
2024 · €370,053+€317,291
Equity
-€1.6m
2024 · -€2.3m+€687,344
Cash
€384,264
2024 · €392,439-€8,175
Balance sheet total
€3.7m
2024 · €3.7m+€36,599
Largest movements
Assets
- Tangible fixed assets +€153,124
up €153,124 (+9.9%), from €1.5m to €1.7m
of which Furniture and vehicles: +€158,020
- Receivables within one year -€76,712
down €76,712 (-5.0%), from €1.5m to €1.5m
of which Trade receivables: -€70,276
Equity and liabilities
- Tax, wage and social debts -€1.2m
down €1.2m (-56.0%), from €2.1m to €912,690
of which Remuneration and social security: -€902,767
- Debts after one year +€927,565
up €927,565 (+57.9%), from €1.6m to €2.5m
of which Other amounts payable: +€1.0m
- Profit (loss) carried forward +€687,344
up €687,344 (+30.2%), from -€2.3m to -€1.6m
- Short-term financial debts -€255,454
down €255,454 (-24.6%), from €1.0m to €781,671
- Trade debts -€213,004
down €213,004 (-29.6%), from €720,560 to €507,556
Income statement
- Financial income +€295,926
up €295,926 (+2,672%), from €11,077 to €307,003
- Depreciation +€112,577
up €112,577 (+26.7%), from €421,192 to €533,769
- Financial charges -€90,790
down €90,790 (-26.8%), from €339,108 to €248,318
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.
Result 2024
€370,053
Gross operating margin
-€19,964
Staff costs
-€23,215
Depreciation
-€112,577
Write-downs
+€34,256
Other operating charges
+€57,069
Other operating items
-€5,420
Financial income
+€295,926
Financial charges
+€90,790
Taxes
+€426
Result 2025
€687,344
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€48,651
Investment
-€684,637
Financing
+€725,113
Cash 2024
€392,439
From operations (derived)
-€48,651
Net result for the year
+€687,344
Depreciation
+€533,769
Stocks and contracts
-€2,269
Receivables within one year
+€76,712
Deferred charges and accrued income
+€31,651
Trade debts
-€213,004
Tax, wage and social debts
-€1.2m
Investment (derived)
-€684,637
Investment in fixed assets (net)
-€684,637
Financing
+€725,113
Debts after one year
+€927,565
Current portion of long-term debt
+€53,002
Short-term financial debts
-€255,454
Cash 2025
€384,264
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,684,425 | €3,721,024 | +€36,599 | +1.0% |
| Fixed assets | 21/28 | €1,565,208 | €1,716,076 | +€150,867 | +9.6% |
| Intangible fixed assets | 21 | €14,070 | €11,814 | -€2,256 | -16.0% |
| Tangible fixed assets | 22/27 | €1,542,382 | €1,695,505 | +€153,124 | +9.9% |
| Land and buildings | 22 | €19,789 | €17,126 | -€2,662 | -13.5% |
| Plant, machinery and equipment | 23 | €14,189 | €26,248 | +€12,060 | +85.0% |
| Furniture and vehicles | 24 | €210,219 | €368,239 | +€158,020 | +75.2% |
| Leasing and similar rights | 25 | €1,290,798 | €1,279,357 | -€11,442 | -0.9% |
| Other tangible fixed assets | 26 | €7,387 | €4,535 | -€2,852 | -38.6% |
| Financial fixed assets | 28 | €8,756 | €8,756 | = | 0.0% |
| Current assets | 29/58 | €2,119,217 | €2,004,948 | -€114,268 | -5.4% |
| Stocks and contracts in progress | 3 | €10,853 | €13,123 | +€2,269 | +20.9% |
| Stocks | 30/36 | €10,853 | €13,123 | +€2,269 | +20.9% |
| Amounts receivable within one year | 40/41 | €1,529,771 | €1,453,059 | -€76,712 | -5.0% |
| Trade receivables | 40 | €1,412,443 | €1,342,167 | -€70,276 | -5.0% |
| Other amounts receivable | 41 | €117,328 | €110,892 | -€6,436 | -5.5% |
| Cash at bank and in hand | 54/58 | €392,439 | €384,264 | -€8,175 | -2.1% |
| Deferred charges and accrued income | 490/1 | €186,153 | €154,502 | -€31,651 | -17.0% |
| Total equity and liabilities | 10/49 | €3,684,425 | €3,721,024 | +€36,599 | +1.0% |
| Equity | 10/15 | -€2,259,102 | -€1,571,758 | +€687,344 | +30.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,279,554 | -€1,592,210 | +€687,344 | +30.2% |
| Amounts payable | 17/49 | €5,943,527 | €5,292,782 | -€650,745 | -10.9% |
| Amounts payable after more than one year | 17 | €1,602,598 | €2,530,163 | +€927,565 | +57.9% |
| Financial debts | 170/4 | €625,048 | €528,337 | -€96,711 | -15.5% |
| Other amounts payable | 178/9 | €977,550 | €2,001,827 | +€1.0m | +105% |
| Amounts payable within one year | 42/48 | €4,340,929 | €2,762,619 | -€1.6m | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €507,700 | €560,702 | +€53,002 | +10.4% |
| Financial debts | 43 | €1,037,126 | €781,671 | -€255,454 | -24.6% |
| Credit institutions | 430/8 | €1,037,126 | €781,671 | -€255,454 | -24.6% |
| Trade debts | 44 | €720,560 | €507,556 | -€213,004 | -29.6% |
| Suppliers | 440/4 | €720,560 | €507,556 | -€213,004 | -29.6% |
| Taxes, remuneration and social security | 45 | €2,075,543 | €912,690 | -€1.2m | -56.0% |
| Taxes | 450/3 | €409,277 | €149,190 | -€260,087 | -63.5% |
| Remuneration and social security | 454/9 | €1,666,266 | €763,500 | -€902,767 | -54.2% |
| Non-recurring operating income | 76A | €12,002 | - | -€12,002 | |
| Remuneration, social security and pensions | 62 | €3,966,514 | €3,989,730 | +€23,215 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421,192 | €533,769 | +€112,577 | +26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€34,256 | -€34,256 | |
| Other operating charges | 640/8 | €701,770 | €644,701 | -€57,069 | -8.1% |
| Non-recurring operating charges | 66A | €46,176 | €51,595 | +€5,420 | +11.7% |
| Gross operating margin | 9900 | €5,834,136 | €5,814,173 | -€19,964 | -0.3% |
| Operating profit (loss) | 9901 | €698,484 | €628,633 | -€69,850 | -10.0% |
| Financial income | 75/76B | €11,077 | €307,003 | +€295,926 | +2,672% |
| Recurring financial income | 75 | €11,077 | €307,003 | +€295,926 | +2,672% |
| Financial charges | 65/66B | €339,108 | €248,318 | -€90,790 | -26.8% |
| Recurring financial charges | 65 | €339,108 | €248,318 | -€90,790 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €370,453 | €687,319 | +€316,866 | +85.5% |
| Income taxes | 67/77 | €400 | -€26 | -€426 | |
| Profit (loss) for the period | 9904 | €370,053 | €687,344 | +€317,291 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €370,053 | €687,344 | +€317,291 | +85.7% |
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 24 October 2026 via checked.be.