TRANSBAT: 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.
TRANSBAT
Largest movements
- Cash -€246,849
down €246,849 (-71.5%), from €345,199 to €98,350
mainly Trade debts (-€376,342) and Investment in fixed assets (net) (-€111,707)
- Tangible fixed assets -€48,232
down €48,232 (-4.1%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€69,512
- Trade debts -€376,342
down €376,342 (-72.6%), from €518,567 to €142,225
- Profit (loss) carried forward +€52,045
up €52,045 (+22.5%), from €231,507 to €283,552
- Other debts +€28,964
up €28,964 (+166.9%), from €17,352 to €46,317
- Gross operating margin +€58,199
up €58,199 (+17.2%), from €338,027 to €396,226
- Depreciation -€5,335
down €5,335 (-3.2%), from €166,579 to €161,244
- Other operating charges +€5,170
up €5,170 (+3.9%), from €133,648 to €138,818
- Write-downs +€5,129
up €5,129 (+53.5%), from €9,586 to €14,715
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 | €1,569,763 | €1,275,162 | -€294,601 | -18.8% |
| Fixed assets | 21/28 | €1,180,205 | €1,130,668 | -€49,537 | -4.2% |
| Tangible fixed assets | 22/27 | €1,178,900 | €1,130,668 | -€48,232 | -4.1% |
| Land and buildings | 22 | €539,365 | €560,645 | +€21,280 | +3.9% |
| Plant, machinery and equipment | 23 | €639,535 | €570,024 | -€69,512 | -10.9% |
| Financial fixed assets | 28 | €1,305 | - | -€1,305 | |
| Current assets | 29/58 | €389,558 | €144,494 | -€245,064 | -62.9% |
| Amounts receivable within one year | 40/41 | €44,359 | €46,144 | +€1,785 | +4.0% |
| Trade receivables | 40 | €23,561 | €30,652 | +€7,091 | +30.1% |
| Other amounts receivable | 41 | €20,798 | €15,491 | -€5,306 | -25.5% |
| Cash at bank and in hand | 54/58 | €345,199 | €98,350 | -€246,849 | -71.5% |
| Total equity and liabilities | 10/49 | €1,569,763 | €1,275,162 | -€294,601 | -18.8% |
| Equity | 10/15 | €1,026,595 | €1,078,640 | +€52,045 | +5.1% |
| Contributions | 10/11 | €720,131 | €720,131 | = | 0.0% |
| Capital | 10 | €720,131 | €720,131 | = | 0.0% |
| Issued capital | 100 | €720,131 | €720,131 | = | 0.0% |
| Reserves | 13 | €74,957 | €74,957 | = | 0.0% |
| Non-distributable reserves | 130/1 | €72,013 | €72,013 | = | 0.0% |
| Legal reserve | 130 | €72,013 | €72,013 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,944 | €2,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,507 | €283,552 | +€52,045 | +22.5% |
| Amounts payable | 17/49 | €543,168 | €196,522 | -€346,646 | -63.8% |
| Amounts payable within one year | 42/48 | €536,572 | €189,557 | -€347,014 | -64.7% |
| Trade debts | 44 | €518,567 | €142,225 | -€376,342 | -72.6% |
| Suppliers | 440/4 | €518,567 | €142,225 | -€376,342 | -72.6% |
| Taxes, remuneration and social security | 45 | €652 | €1,015 | +€363 | +55.6% |
| Taxes | 450/3 | €652 | €1,015 | +€363 | +55.6% |
| Other amounts payable | 47/48 | €17,352 | €46,317 | +€28,964 | +166.9% |
| Accrued charges and deferred income | 492/3 | €6,596 | €6,965 | +€369 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,579 | €161,244 | -€5,335 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,586 | €14,715 | +€5,129 | +53.5% |
| Other operating charges | 640/8 | €133,648 | €138,818 | +€5,170 | +3.9% |
| Gross operating margin | 9900 | €338,027 | €396,226 | +€58,199 | +17.2% |
| Operating profit (loss) | 9901 | €28,214 | €81,449 | +€53,235 | +188.7% |
| Financial income | 75/76B | €40 | €30 | -€10 | -25.9% |
| Recurring financial income | 75 | €40 | €30 | -€10 | -25.9% |
| Financial charges | 65/66B | €434 | €230 | -€204 | -47.0% |
| Recurring financial charges | 65 | €434 | €230 | -€204 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €27,820 | €81,248 | +€53,428 | +192.0% |
| Profit (loss) for the period | 9904 | €27,820 | €81,248 | +€53,428 | +192.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,820 | €81,248 | +€53,428 | +192.0% |
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 8 October 2026 via checked.be.