TRANSBATT: 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.
TRANSBATT
Largest movements
- Cash +€171,602
up €171,602 (+175%), from €98,124 to €269,726
mainly Receivables within one year (+€126,996) and Depreciation (+€95,886)
- Receivables within one year -€126,996
down €126,996 (-63.4%), from €200,300 to €73,304
of which Trade receivables: -€126,523
- Tangible fixed assets -€11,145
down €11,145 (-3.2%), from €345,988 to €334,844
of which Plant, machinery and equipment: -€10,688
- Stocks and contracts -€10,470
down €10,470 (-59.0%), from €17,756 to €7,286
of which Stocks: -€6,970
- Debts after one year -€56,857
down €56,857 (-28.9%), from €196,715 to €139,858
- Reserves +€36,533
up €36,533 (+11.0%), from €333,214 to €369,747
of which Tax-exempt reserves: +€22,533
- Other debts +€26,213
up €26,213 (+87.0%), from €30,133 to €56,346
- Provisions +€7,563
up €7,563 (+964%), from €784 to €8,347
- Gross operating margin +€31,920
up €31,920 (+21.1%), from €151,627 to €183,547
- Turnover -€19,255
down €19,255 (-4.7%), from €408,160 to €388,905
- Purchases and services -€13,155
down €13,155 (-5.2%), from €252,124 to €238,969
- Staff costs -€11,833
down €11,833 (-50.0%), from €23,660 to €11,827
- Taxes +€9,009
up €9,009 (+574%), from €1,570 to €10,579
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 | €671,112 | €692,396 | +€21,284 | +3.2% |
| Fixed assets | 21/28 | €345,988 | €334,844 | -€11,145 | -3.2% |
| Tangible fixed assets | 22/27 | €345,988 | €334,844 | -€11,145 | -3.2% |
| Plant, machinery and equipment | 23 | €345,270 | €334,582 | -€10,688 | -3.1% |
| Furniture and vehicles | 24 | €719 | €262 | -€457 | -63.6% |
| Current assets | 29/58 | €325,124 | €357,553 | +€32,429 | +10.0% |
| Stocks and contracts in progress | 3 | €17,756 | €7,286 | -€10,470 | -59.0% |
| Stocks | 30/36 | €14,256 | €7,286 | -€6,970 | -48.9% |
| Contracts in progress | 37 | €3,500 | - | -€3,500 | |
| Amounts receivable within one year | 40/41 | €200,300 | €73,304 | -€126,996 | -63.4% |
| Trade receivables | 40 | €195,861 | €69,338 | -€126,523 | -64.6% |
| Other amounts receivable | 41 | €4,439 | €3,966 | -€473 | -10.6% |
| Cash at bank and in hand | 54/58 | €98,124 | €269,726 | +€171,602 | +175% |
| Deferred charges and accrued income | 490/1 | €8,944 | €7,236 | -€1,708 | -19.1% |
| Total equity and liabilities | 10/49 | €671,112 | €692,396 | +€21,284 | +3.2% |
| Equity | 10/15 | €376,553 | €416,692 | +€40,139 | +10.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €333,214 | €369,747 | +€36,533 | +11.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,355 | €24,888 | +€22,533 | +957% |
| Distributable reserves | 133 | €329,000 | €343,000 | +€14,000 | +4.3% |
| Profit (loss) carried forward | 14 | €24,547 | €25,436 | +€890 | +3.6% |
| Investment grants | 15 | €200 | €2,916 | +€2,716 | +1,357% |
| Provisions and deferred taxes | 16 | €784 | €8,347 | +€7,563 | +964% |
| Deferred taxes | 168 | €784 | €8,347 | +€7,563 | +964% |
| Amounts payable | 17/49 | €293,775 | €267,358 | -€26,417 | -9.0% |
| Amounts payable after more than one year | 17 | €196,715 | €139,858 | -€56,857 | -28.9% |
| Financial debts | 170/4 | €196,715 | €139,858 | -€56,857 | -28.9% |
| Amounts payable within one year | 42/48 | €97,060 | €127,500 | +€30,440 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €56,857 | €56,857 | = | 0.0% |
| Trade debts | 44 | €3,838 | €6,572 | +€2,734 | +71.2% |
| Suppliers | 440/4 | €3,838 | €6,572 | +€2,734 | +71.2% |
| Taxes, remuneration and social security | 45 | €6,232 | €7,725 | +€1,493 | +24.0% |
| Taxes | 450/3 | €3,522 | €7,174 | +€3,652 | +104% |
| Remuneration and social security | 454/9 | €2,709 | €551 | -€2,158 | -79.7% |
| Other amounts payable | 47/48 | €30,133 | €56,346 | +€26,213 | +87.0% |
| Turnover | 70 | €408,160 | €388,905 | -€19,255 | -4.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €252,124 | €238,969 | -€13,155 | -5.2% |
| Remuneration, social security and pensions | 62 | €23,660 | €11,827 | -€11,833 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,125 | €95,886 | -€5,240 | -5.2% |
| Other operating charges | 640/8 | €951 | €548 | -€403 | -42.3% |
| Gross operating margin | 9900 | €151,627 | €183,547 | +€31,920 | +21.1% |
| Operating profit (loss) | 9901 | €25,890 | €75,286 | +€49,396 | +191% |
| Financial income | 75/76B | €195 | €8,969 | +€8,774 | +4,492% |
| Recurring financial income | 75 | €195 | €8,969 | +€8,774 | +4,492% |
| Financial charges | 65/66B | €10,499 | €8,691 | -€1,808 | -17.2% |
| Recurring financial charges | 65 | €10,499 | €8,691 | -€1,808 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €15,587 | €75,564 | +€59,977 | +385% |
| Transfer from deferred taxes | 780 | €436 | €1,312 | +€876 | +201% |
| Transfer to deferred taxes | 680 | - | €8,875 | +€8,875 | |
| Income taxes | 67/77 | €1,570 | €10,579 | +€9,009 | +574% |
| Profit (loss) for the period | 9904 | €14,453 | €57,422 | +€42,970 | +297% |
| Transfer from tax-exempt reserves | 789 | €1,310 | €4,092 | +€2,782 | +212% |
| Transfer to tax-exempt reserves | 689 | - | €26,625 | +€26,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,762 | €34,890 | +€19,127 | +121% |
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 20 October 2026 via checked.be.