TRANSCLAES: 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.
What changed
TRANSCLAES
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,781
2024 · €30,541-€39,322
Equity
€280,720
2024 · €289,501-€8,781
Cash
€20,604
2024 · €19,957+€647
Balance sheet total
€626,611
2024 · €589,038+€37,573
Largest movements
Assets
- Tangible fixed assets +€24,361
up €24,361 (+10.4%), from €233,849 to €258,210
of which Leasing and similar rights: +€67,008
Equity and liabilities
- Short-term financial debts +€24,511
up €24,511 (+95.0%), from €25,800 to €50,311
- Debts after one year +€18,505
up €18,505 (+14.3%), from €129,386 to €147,891
- Current portion of long-term debt +€12,733
up €12,733 (+19.1%), from €66,567 to €79,299
- Profit (loss) carried forward -€8,781
down €8,781 (-93.7%), from €9,369 to €588
- Trade debts -€7,681
down €7,681 (-18.2%), from €42,113 to €34,432
Income statement
- Staff costs +€81,453
up €81,453 (+17.5%), from €464,560 to €546,013
- Gross operating margin +€64,940
up €64,940 (+10.1%), from €643,982 to €708,923
- Depreciation +€25,567
up €25,567 (+41.4%), from €61,763 to €87,330
- Taxes -€12,014
down €12,014 (-97.5%), from €12,318 to €304
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.
Result 2024
€30,541
Gross operating margin
+€64,940
Staff costs
-€81,453
Depreciation
-€25,567
Other operating charges
-€5,741
Financial income
+€617
Financial charges
-€4,131
Taxes
+€12,014
Result 2025
-€8,781
raises the resultlowers the result
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.
From operations
+€57,676
Investment
-€112,778
Financing
+€55,749
Cash 2024
€19,957
From operations (derived)
+€57,676
Net result for the year
-€8,781
Depreciation
+€87,330
Receivables after one year
-€3,001
Receivables within one year
-€3,822
Deferred charges and accrued income
-€4,655
Trade debts
-€7,681
Tax, wage and social debts
+€836
Other debts
-€2,550
Investment (derived)
-€112,778
Investment in fixed assets (net)
-€111,691
Current investments
-€1,088
Financing
+€55,749
Debts after one year
+€18,505
Current portion of long-term debt
+€12,733
Short-term financial debts
+€24,511
Cash 2025
€20,604
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,038 | €626,611 | +€37,573 | +6.4% |
| Fixed assets | 21/28 | €242,513 | €266,874 | +€24,361 | +10.0% |
| Tangible fixed assets | 22/27 | €233,849 | €258,210 | +€24,361 | +10.4% |
| Land and buildings | 22 | €22,051 | €19,527 | -€2,524 | -11.4% |
| Plant, machinery and equipment | 23 | €7,153 | €7,534 | +€381 | +5.3% |
| Furniture and vehicles | 24 | €120,819 | €80,314 | -€40,506 | -33.5% |
| Leasing and similar rights | 25 | €83,827 | €150,835 | +€67,008 | +79.9% |
| Financial fixed assets | 28 | €8,664 | €8,664 | = | 0.0% |
| Current assets | 29/58 | €346,525 | €359,737 | +€13,212 | +3.8% |
| Amounts receivable after more than one year | 29 | €106,056 | €109,057 | +€3,001 | +2.8% |
| Other amounts receivable | 291 | €106,056 | €109,057 | +€3,001 | +2.8% |
| Amounts receivable within one year | 40/41 | €156,641 | €160,463 | +€3,822 | +2.4% |
| Trade receivables | 40 | €154,830 | €135,721 | -€19,109 | -12.3% |
| Other amounts receivable | 41 | €1,811 | €24,742 | +€22,930 | +1,266% |
| Current investments | 50/53 | €57,172 | €58,259 | +€1,088 | +1.9% |
| Cash at bank and in hand | 54/58 | €19,957 | €20,604 | +€647 | +3.2% |
| Deferred charges and accrued income | 490/1 | €6,699 | €11,353 | +€4,655 | +69.5% |
| Total equity and liabilities | 10/49 | €589,038 | €626,611 | +€37,573 | +6.4% |
| Equity | 10/15 | €289,501 | €280,720 | -€8,781 | -3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €261,540 | €261,540 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,750 | €57,750 | = | 0.0% |
| Distributable reserves | 133 | €203,790 | €203,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,369 | €588 | -€8,781 | -93.7% |
| Amounts payable | 17/49 | €299,537 | €345,891 | +€46,354 | +15.5% |
| Amounts payable after more than one year | 17 | €129,386 | €147,891 | +€18,505 | +14.3% |
| Financial debts | 170/4 | €129,386 | €147,891 | +€18,505 | +14.3% |
| Amounts payable within one year | 42/48 | €170,151 | €198,000 | +€27,849 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €66,567 | €79,299 | +€12,733 | +19.1% |
| Financial debts | 43 | €25,800 | €50,311 | +€24,511 | +95.0% |
| Credit institutions | 430/8 | €25,800 | €50,311 | +€24,511 | +95.0% |
| Trade debts | 44 | €42,113 | €34,432 | -€7,681 | -18.2% |
| Suppliers | 440/4 | €42,113 | €34,432 | -€7,681 | -18.2% |
| Taxes, remuneration and social security | 45 | €33,122 | €33,957 | +€836 | +2.5% |
| Taxes | 450/3 | €32,453 | €21,936 | -€10,517 | -32.4% |
| Remuneration and social security | 454/9 | €669 | €12,021 | +€11,352 | +1,697% |
| Other amounts payable | 47/48 | €2,550 | €0 | -€2,550 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,500 | €0 | -€7,500 | -100% |
| Remuneration, social security and pensions | 62 | €464,560 | €546,013 | +€81,453 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,763 | €87,330 | +€25,567 | +41.4% |
| Other operating charges | 640/8 | €70,383 | €76,124 | +€5,741 | +8.2% |
| Gross operating margin | 9900 | €643,982 | €708,923 | +€64,940 | +10.1% |
| Operating profit (loss) | 9901 | €47,276 | -€545 | -€47,822 | |
| Financial income | 75/76B | €3,420 | €4,037 | +€617 | +18.0% |
| Recurring financial income | 75 | €3,420 | €4,037 | +€617 | +18.0% |
| Financial charges | 65/66B | €7,839 | €11,970 | +€4,131 | +52.7% |
| Recurring financial charges | 65 | €7,839 | €11,970 | +€4,131 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €42,858 | -€8,478 | -€51,336 | |
| Income taxes | 67/77 | €12,318 | €304 | -€12,014 | -97.5% |
| Profit (loss) for the period | 9904 | €30,541 | -€8,781 | -€39,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,541 | -€8,781 | -€39,322 |
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.