TRANSCO: what changed
Two fiscal 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.
TRANSCO
Largest movements
- Receivables within one year +€12,825
up €12,825 (+127.4%), from €10,067 to €22,891
of which Trade receivables: +€11,843
- Tangible fixed assets -€2,961
down €2,961 (-58.0%), from €5,105 to €2,144
of which Furniture and vehicles: -€2,212
- Cash -€853
down €853 (-40.5%), from €2,103 to €1,251
mainly Receivables within one year (-€12,825) and Other debts (-€6,341)
- Deferred charges and accrued income +€559
up €559 (+224.0%), from €249 to €808
- Profit (loss) carried forward +€16,064
up €16,064 (+26.4%), from -€60,759 to -€44,695
- Other debts -€6,341
down €6,341 (-27.1%), from €23,431 to €17,091
- Trade debts -€631
down €631 (-2.7%), from €23,073 to €22,442
- Tax, wage and social debts +€432
up €432 (+12.6%), from €3,425 to €3,858
- Gross operating margin +€39,288
up €39,288, from -€17,181 to €22,107
- Other operating charges +€664
up €664 (+43.1%), from €1,539 to €2,203
- Taxes +€297
up €297 (+127.5%), from €233 to €530
- Financial charges +€239
up €239 (+131.8%), from €181 to €420
of which Financial charges: +€239
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 | €18,725 | €28,294 | +€9,569 | +51.1% |
| Fixed assets | 21/28 | €6,305 | €3,344 | -€2,961 | -47.0% |
| Tangible fixed assets | 22/27 | €5,105 | €2,144 | -€2,961 | -58.0% |
| Furniture and vehicles | 24 | €4,352 | €2,140 | -€2,212 | -50.8% |
| Other tangible fixed assets | 26 | €754 | €5 | -€749 | -99.4% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €12,420 | €24,950 | +€12,531 | +100.9% |
| Amounts receivable within one year | 40/41 | €10,067 | €22,891 | +€12,825 | +127.4% |
| Trade receivables | 40 | €8,830 | €20,673 | +€11,843 | +134.1% |
| Other amounts receivable | 41 | €1,237 | €2,218 | +€981 | +79.3% |
| Cash at bank and in hand | 54/58 | €2,103 | €1,251 | -€853 | -40.5% |
| Deferred charges and accrued income | 490/1 | €249 | €808 | +€559 | +224.0% |
| Total equity and liabilities | 10/49 | €18,725 | €28,294 | +€9,569 | +51.1% |
| Equity | 10/15 | -€31,204 | -€15,140 | +€16,064 | +51.5% |
| Contributions | 10/11 | €25,555 | €25,555 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,759 | -€44,695 | +€16,064 | +26.4% |
| Amounts payable | 17/49 | €49,929 | €43,435 | -€6,495 | -13.0% |
| Amounts payable within one year | 42/48 | €49,929 | €43,390 | -€6,540 | -13.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €23,073 | €22,442 | -€631 | -2.7% |
| Suppliers | 440/4 | €23,073 | €22,442 | -€631 | -2.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,425 | €3,858 | +€432 | +12.6% |
| Taxes | 450/3 | €3,425 | €3,858 | +€432 | +12.6% |
| Other amounts payable | 47/48 | €23,431 | €17,091 | -€6,341 | -27.1% |
| Accrued charges and deferred income | 492/3 | €0 | €45 | +€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €2,961 | +€33 | +1.1% |
| Other operating charges | 640/8 | €1,539 | €2,203 | +€664 | +43.1% |
| Gross operating margin | 9900 | -€17,181 | €22,107 | +€39,288 | |
| Operating profit (loss) | 9901 | -€21,648 | €16,943 | +€38,591 | |
| Financial income | 75/76B | €8 | €71 | +€62 | +742.4% |
| Recurring financial income | 75 | €8 | €71 | +€62 | +742.4% |
| Financial charges | 65/66B | €181 | €420 | +€239 | +131.8% |
| Recurring financial charges | 65 | €181 | €420 | +€239 | +131.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€21,821 | €16,594 | +€38,415 | |
| Income taxes | 67/77 | €233 | €530 | +€297 | +127.5% |
| Profit (loss) for the period | 9904 | -€22,054 | €16,064 | +€38,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,054 | €16,064 | +€38,118 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.