TRANSCAVO: 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.
TRANSCAVO
Largest movements
- Cash -€15,192
down €15,192 (-40.9%), from €37,116 to €21,924
mainly Trade debts (-€17,033) and Other debts (-€16,022)
- Receivables within one year +€5,291
up €5,291 (+9.4%), from €56,574 to €61,866
of which Trade receivables: +€8,954
- Tangible fixed assets -€3,735
down €3,735 (-77.6%), from €4,815 to €1,080
- Trade debts -€17,033
down €17,033 (-65.3%), from €26,101 to €9,067
- Other debts -€16,022
down €16,022 (-94.2%), from €17,010 to €987
- Reserves +€12,678
up €12,678 (+29.1%), from €43,574 to €56,251
- Profit (loss) carried forward +€10,417
up €10,417, from -€10,417 to €0
- Current portion of long-term debt -€3,370
down €3,370 (-100.0%), from €3,370 to €0
- Gross operating margin +€37,821
up €37,821, from -€6,190 to €31,631
- Taxes +€5,116
up €5,116 (+8874.2%), from €58 to €5,174
- Depreciation -€1,149
down €1,149 (-66.4%), from €1,730 to €581
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 | €98,766 | €85,306 | -€13,460 | -13.6% |
| Fixed assets | 21/28 | €4,815 | €1,080 | -€3,735 | -77.6% |
| Tangible fixed assets | 22/27 | €4,815 | €1,080 | -€3,735 | -77.6% |
| Furniture and vehicles | 24 | €4,815 | €1,080 | -€3,735 | -77.6% |
| Current assets | 29/58 | €93,950 | €84,226 | -€9,724 | -10.4% |
| Amounts receivable within one year | 40/41 | €56,574 | €61,866 | +€5,291 | +9.4% |
| Trade receivables | 40 | €35,029 | €43,983 | +€8,954 | +25.6% |
| Other amounts receivable | 41 | €21,546 | €17,883 | -€3,663 | -17.0% |
| Cash at bank and in hand | 54/58 | €37,116 | €21,924 | -€15,192 | -40.9% |
| Deferred charges and accrued income | 490/1 | €260 | €436 | +€176 | +68.0% |
| Total equity and liabilities | 10/49 | €98,766 | €85,306 | -€13,460 | -13.6% |
| Equity | 10/15 | €52,157 | €75,251 | +€23,094 | +44.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €43,574 | €56,251 | +€12,678 | +29.1% |
| Distributable reserves | 133 | €43,574 | €56,251 | +€12,678 | +29.1% |
| Profit (loss) carried forward | 14 | -€10,417 | €0 | +€10,417 | |
| Amounts payable | 17/49 | €46,609 | €10,055 | -€36,554 | -78.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €46,609 | €10,055 | -€36,554 | -78.4% |
| Current portion of amounts payable after more than one year | 42 | €3,370 | €0 | -€3,370 | -100.0% |
| Trade debts | 44 | €26,101 | €9,067 | -€17,033 | -65.3% |
| Suppliers | 440/4 | €26,101 | €9,067 | -€17,033 | -65.3% |
| Taxes, remuneration and social security | 45 | €128 | €0 | -€128 | -100.0% |
| Taxes | 450/3 | €128 | €0 | -€128 | -100.0% |
| Other amounts payable | 47/48 | €17,010 | €987 | -€16,022 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,730 | €581 | -€1,149 | -66.4% |
| Other operating charges | 640/8 | €1,478 | €1,699 | +€221 | +15.0% |
| Gross operating margin | 9900 | -€6,190 | €31,631 | +€37,821 | |
| Operating profit (loss) | 9901 | -€9,398 | €29,351 | +€38,748 | |
| Financial charges | 65/66B | €961 | €1,083 | +€121 | +12.6% |
| Recurring financial charges | 65 | €961 | €1,083 | +€121 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,359 | €28,268 | +€38,627 | |
| Income taxes | 67/77 | €58 | €5,174 | +€5,116 | +8874.2% |
| Profit (loss) for the period | 9904 | -€10,417 | €23,094 | +€33,511 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,417 | €23,094 | +€33,511 |
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 12 October 2026 via checked.be.