TRANSCARO: 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.
TRANSCARO
Largest movements
- Receivables within one year +€40,535
up €40,535 (+28.3%), from €143,385 to €183,920
- Cash -€23,306
down €23,306 (-47.9%), from €48,700 to €25,394
mainly Receivables within one year (-€40,535) and Trade debts (-€5,979)
- Reserves +€21,098
up €21,098 (+16.7%), from €126,177 to €147,275
- Trade debts -€5,979
down €5,979 (-85.6%), from €6,989 to €1,010
No income-statement line moved by more than 1% of the activity.
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 | €197,290 | €213,200 | +€15,910 | +8.1% |
| Fixed assets | 21/28 | €3,806 | €2,405 | -€1,401 | -36.8% |
| Tangible fixed assets | 22/27 | €3,784 | €2,383 | -€1,401 | -37.0% |
| Furniture and vehicles | 24 | €3,784 | €2,383 | -€1,401 | -37.0% |
| Financial fixed assets | 28 | €22 | €22 | = | 0.0% |
| Current assets | 29/58 | €193,484 | €210,795 | +€17,311 | +8.9% |
| Amounts receivable within one year | 40/41 | €143,385 | €183,920 | +€40,535 | +28.3% |
| Trade receivables | 40 | €143,385 | €183,920 | +€40,535 | +28.3% |
| Cash at bank and in hand | 54/58 | €48,700 | €25,394 | -€23,306 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,399 | €1,481 | +€82 | +5.8% |
| Total equity and liabilities | 10/49 | €197,290 | €213,200 | +€15,910 | +8.1% |
| Equity | 10/15 | €145,177 | €166,275 | +€21,098 | +14.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €126,177 | €147,275 | +€21,098 | +16.7% |
| Distributable reserves | 133 | €126,177 | €147,275 | +€21,098 | +16.7% |
| Amounts payable | 17/49 | €52,113 | €46,925 | -€5,188 | -10.0% |
| Amounts payable within one year | 42/48 | €52,113 | €46,925 | -€5,188 | -10.0% |
| Trade debts | 44 | €6,989 | €1,010 | -€5,979 | -85.6% |
| Suppliers | 440/4 | €6,989 | €1,010 | -€5,979 | -85.6% |
| Taxes, remuneration and social security | 45 | €6,174 | €5,034 | -€1,140 | -18.5% |
| Taxes | 450/3 | €6,174 | €5,034 | -€1,140 | -18.5% |
| Other amounts payable | 47/48 | €38,951 | €40,881 | +€1,930 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,331 | €1,401 | +€71 | +5.3% |
| Other operating charges | 640/8 | €632 | €528 | -€104 | -16.5% |
| Gross operating margin | 9900 | €33,364 | €33,422 | +€58 | +0.2% |
| Operating profit (loss) | 9901 | €31,402 | €31,493 | +€91 | +0.3% |
| Financial charges | 65/66B | €3,509 | €3,357 | -€152 | -4.3% |
| Recurring financial charges | 65 | €3,509 | €3,357 | -€152 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €27,892 | €28,136 | +€244 | +0.9% |
| Income taxes | 67/77 | €6,977 | €7,038 | +€61 | +0.9% |
| Profit (loss) for the period | 9904 | €20,915 | €21,098 | +€183 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,915 | €21,098 | +€183 | +0.9% |
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 21 October 2026 via checked.be.