Transcendo: 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.
Transcendo
Largest movements
- Cash -€14,185
down €14,185 (-40.7%), from €34,860 to €20,675
mainly Other debts (-€30,306) and Contributions, distributions and other (-€28,770)
- Receivables within one year +€4,384
up €4,384 (+15.4%), from €28,510 to €32,894
of which Trade receivables: +€8,813
- Deferred charges and accrued income +€2,433
up €2,433 (+54.4%), from €4,470 to €6,904
- Tangible fixed assets +€1,249
up €1,249 (+18.6%), from €6,723 to €7,972
- Other debts -€30,306
down €30,306 (-97.8%), from €30,994 to €688
- Reserves +€10,778
up €10,778 (+37.5%), from €28,770 to €39,548
- Tax, wage and social debts +€7,580
up €7,580 (+85.8%), from €8,835 to €16,415
- Trade debts +€5,829
up €5,829 (+603.7%), from €965 to €6,794
- Gross operating margin +€12,539
up €12,539 (+26.5%), from €47,391 to €59,930
- Taxes +€2,974
up €2,974 (+33.9%), from €8,779 to €11,753
- Staff costs +€1,974
new in 2025: €1,974
- Financial charges -€1,390
down €1,390 (-28.3%), from €4,917 to €3,527
- Depreciation -€761
down €761 (-18.8%), from €4,036 to €3,275
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 | €74,565 | €68,446 | -€6,119 | -8.2% |
| Fixed assets | 21/28 | €6,723 | €7,972 | +€1,249 | +18.6% |
| Tangible fixed assets | 22/27 | €6,723 | €7,972 | +€1,249 | +18.6% |
| Furniture and vehicles | 24 | €6,723 | €7,972 | +€1,249 | +18.6% |
| Current assets | 29/58 | €67,841 | €60,473 | -€7,368 | -10.9% |
| Amounts receivable within one year | 40/41 | €28,510 | €32,894 | +€4,384 | +15.4% |
| Trade receivables | 40 | €17,803 | €26,616 | +€8,813 | +49.5% |
| Other amounts receivable | 41 | €10,707 | €6,278 | -€4,429 | -41.4% |
| Cash at bank and in hand | 54/58 | €34,860 | €20,675 | -€14,185 | -40.7% |
| Deferred charges and accrued income | 490/1 | €4,470 | €6,904 | +€2,433 | +54.4% |
| Total equity and liabilities | 10/49 | €74,565 | €68,446 | -€6,119 | -8.2% |
| Equity | 10/15 | €33,770 | €44,548 | +€10,778 | +31.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,770 | €39,548 | +€10,778 | +37.5% |
| Distributable reserves | 133 | €28,770 | €39,548 | +€10,778 | +37.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,794 | €23,898 | -€16,897 | -41.4% |
| Amounts payable within one year | 42/48 | €40,794 | €23,898 | -€16,897 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €965 | €6,794 | +€5,829 | +603.7% |
| Suppliers | 440/4 | €965 | €6,794 | +€5,829 | +603.7% |
| Taxes, remuneration and social security | 45 | €8,835 | €16,415 | +€7,580 | +85.8% |
| Taxes | 450/3 | €8,835 | €16,415 | +€7,580 | +85.8% |
| Other amounts payable | 47/48 | €30,994 | €688 | -€30,306 | -97.8% |
| Remuneration, social security and pensions | 62 | - | €1,974 | +€1,974 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,036 | €3,275 | -€761 | -18.8% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €47,391 | €59,930 | +€12,539 | +26.5% |
| Operating profit (loss) | 9901 | €42,466 | €54,161 | +€11,695 | +27.5% |
| Financial income | 75/76B | €0 | €667 | +€667 | |
| Recurring financial income | 75 | €0 | €27 | +€27 | |
| Non-recurring financial income | 76B | - | €640 | +€640 | |
| Financial charges | 65/66B | €4,917 | €3,527 | -€1,390 | -28.3% |
| Recurring financial charges | 65 | €4,917 | €3,527 | -€1,390 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €37,549 | €51,301 | +€13,752 | +36.6% |
| Income taxes | 67/77 | €8,779 | €11,753 | +€2,974 | +33.9% |
| Profit (loss) for the period | 9904 | €28,770 | €39,548 | +€10,778 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,770 | €39,548 | +€10,778 | +37.5% |
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 12 October 2026 via checked.be.