TRANSBOIS: 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.
TRANSBOIS
Largest movements
- Tangible fixed assets +€105,594
up €105,594 (+43.3%), from €243,881 to €349,475
of which Leasing and similar rights: +€103,090
- Cash -€64,109
down €64,109 (-54.6%), from €117,478 to €53,368
mainly Investment in fixed assets (net) (-€265,796) and Trade debts (-€84,811)
- Debts after one year +€89,502
up €89,502 (+533%), from €16,777 to €106,279
- Trade debts -€84,811
down €84,811 (-37.6%), from €225,711 to €140,900
- Reserves +€51,353
up €51,353 (+13.0%), from €396,080 to €447,433
of which Distributable reserves: +€33,853
- Tax, wage and social debts -€11,362
down €11,362 (-16.6%), from €68,444 to €57,082
of which Taxes: -€16,540
- Gross operating margin +€40,688
up €40,688 (+6.7%), from €610,081 to €650,769
- Depreciation +€35,352
up €35,352 (+29.5%), from €119,851 to €155,202
- Staff costs +€21,093
up €21,093 (+5.3%), from €400,287 to €421,380
- Taxes -€13,287
down €13,287 (-67.6%), from €19,650 to €6,363
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 | €1,007,252 | €1,061,154 | +€53,902 | +5.4% |
| Fixed assets | 21/28 | €255,122 | €365,716 | +€110,594 | +43.3% |
| Tangible fixed assets | 22/27 | €243,881 | €349,475 | +€105,594 | +43.3% |
| Furniture and vehicles | 24 | €190,561 | €193,065 | +€2,504 | +1.3% |
| Leasing and similar rights | 25 | €53,320 | €156,410 | +€103,090 | +193% |
| Financial fixed assets | 28 | €11,241 | €16,241 | +€5,000 | +44.5% |
| Current assets | 29/58 | €752,130 | €695,438 | -€56,692 | -7.5% |
| Amounts receivable within one year | 40/41 | €562,541 | €566,398 | +€3,856 | +0.7% |
| Trade receivables | 40 | €562,541 | €558,799 | -€3,742 | -0.7% |
| Other amounts receivable | 41 | €0 | €7,599 | +€7,599 | |
| Cash at bank and in hand | 54/58 | €117,478 | €53,368 | -€64,109 | -54.6% |
| Deferred charges and accrued income | 490/1 | €72,111 | €75,672 | +€3,561 | +4.9% |
| Total equity and liabilities | 10/49 | €1,007,252 | €1,061,154 | +€53,902 | +5.4% |
| Equity | 10/15 | €641,495 | €692,848 | +€51,353 | +8.0% |
| Contributions | 10/11 | €245,415 | €245,415 | = | 0.0% |
| Capital | 10 | €245,415 | €245,415 | = | 0.0% |
| Issued capital | 100 | €245,415 | €245,415 | = | 0.0% |
| Reserves | 13 | €396,080 | €447,433 | +€51,353 | +13.0% |
| Non-distributable reserves | 130/1 | €25,234 | €25,234 | = | 0.0% |
| Legal reserve | 130 | €24,541 | €24,541 | = | 0.0% |
| Reserves not available under the articles | 1311 | €692 | €692 | = | 0.0% |
| Tax-exempt reserves | 132 | €242,513 | €260,013 | +€17,500 | +7.2% |
| Distributable reserves | 133 | €128,334 | €162,186 | +€33,853 | +26.4% |
| Amounts payable | 17/49 | €365,757 | €368,306 | +€2,549 | +0.7% |
| Amounts payable after more than one year | 17 | €16,777 | €106,279 | +€89,502 | +533% |
| Financial debts | 170/4 | €16,777 | €106,279 | +€89,502 | +533% |
| Amounts payable within one year | 42/48 | €334,107 | €247,154 | -€86,953 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €39,951 | €49,172 | +€9,220 | +23.1% |
| Trade debts | 44 | €225,711 | €140,900 | -€84,811 | -37.6% |
| Suppliers | 440/4 | €225,711 | €140,900 | -€84,811 | -37.6% |
| Taxes, remuneration and social security | 45 | €68,444 | €57,082 | -€11,362 | -16.6% |
| Taxes | 450/3 | €24,125 | €7,585 | -€16,540 | -68.6% |
| Remuneration and social security | 454/9 | €44,320 | €49,497 | +€5,178 | +11.7% |
| Accrued charges and deferred income | 492/3 | €14,874 | €14,874 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €17,500 | +€17,500 | |
| Remuneration, social security and pensions | 62 | €400,287 | €421,380 | +€21,093 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,851 | €155,202 | +€35,352 | +29.5% |
| Other operating charges | 640/8 | €13,845 | €11,048 | -€2,797 | -20.2% |
| Gross operating margin | 9900 | €610,081 | €650,769 | +€40,688 | +6.7% |
| Operating profit (loss) | 9901 | €76,098 | €63,139 | -€12,959 | -17.0% |
| Financial income | 75/76B | €3,042 | €650 | -€2,392 | -78.6% |
| Recurring financial income | 75 | €3,042 | €650 | -€2,392 | -78.6% |
| Financial charges | 65/66B | €1,647 | €6,073 | +€4,426 | +269% |
| Recurring financial charges | 65 | €1,647 | €6,073 | +€4,426 | +269% |
| Profit (loss) for the period before taxes | 9903 | €77,493 | €57,716 | -€19,777 | -25.5% |
| Income taxes | 67/77 | €19,650 | €6,363 | -€13,287 | -67.6% |
| Profit (loss) for the period | 9904 | €57,843 | €51,353 | -€6,490 | -11.2% |
| Transfer to tax-exempt reserves | 689 | - | €17,500 | +€17,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,843 | €33,853 | -€23,990 | -41.5% |
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 13 October 2026 via checked.be.