TRANSCOM: 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.
TRANSCOM
Largest movements
- Tangible fixed assets -€54,100
down €54,100 (-11.1%), from €488,801 to €434,701
of which Furniture and vehicles: -€38,565
- Cash -€40,851
down €40,851 (-44.2%), from €92,363 to €51,511
mainly Debts after one year (-€49,816) and Receivables within one year (-€25,475)
- Receivables within one year +€25,475
up €25,475 (+37.6%), from €67,743 to €93,218
of which Trade receivables: +€32,219
- Debts after one year -€49,816
down €49,816 (-32.9%), from €151,515 to €101,699
- Tax, wage and social debts -€20,835
down €20,835 (-90.6%), from €22,995 to €2,160
of which Taxes: -€20,835
- Trade debts +€13,464
up €13,464 (+67.6%), from €19,917 to €33,381
- Depreciation +€6,188
up €6,188 (+9.2%), from €67,127 to €73,314
- Financial charges +€4,202
up €4,202 (+42.8%), from €9,815 to €14,016
- Gross operating margin -€3,738
down €3,738 (-4.0%), from €94,510 to €90,772
- Other operating charges -€2,697
down €2,697 (-28.2%), from €9,580 to €6,883
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 | €652,834 | €589,271 | -€63,563 | -9.7% |
| Fixed assets | 21/28 | €489,671 | €435,571 | -€54,100 | -11.0% |
| Tangible fixed assets | 22/27 | €488,801 | €434,701 | -€54,100 | -11.1% |
| Land and buildings | 22 | €345,070 | €329,620 | -€15,449 | -4.5% |
| Plant, machinery and equipment | 23 | €86 | €0 | -€86 | -100.0% |
| Furniture and vehicles | 24 | €143,646 | €105,081 | -€38,565 | -26.8% |
| Financial fixed assets | 28 | €870 | €870 | = | 0.0% |
| Current assets | 29/58 | €163,163 | €153,700 | -€9,463 | -5.8% |
| Amounts receivable within one year | 40/41 | €67,743 | €93,218 | +€25,475 | +37.6% |
| Trade receivables | 40 | €54,110 | €86,329 | +€32,219 | +59.5% |
| Other amounts receivable | 41 | €13,633 | €6,889 | -€6,744 | -49.5% |
| Current investments | 50/53 | €900 | €2,100 | +€1,200 | +133.3% |
| Cash at bank and in hand | 54/58 | €92,363 | €51,511 | -€40,851 | -44.2% |
| Deferred charges and accrued income | 490/1 | €2,157 | €6,871 | +€4,714 | +218.6% |
| Total equity and liabilities | 10/49 | €652,834 | €589,271 | -€63,563 | -9.7% |
| Equity | 10/15 | €255,563 | €252,283 | -€3,280 | -1.3% |
| Contributions | 10/11 | €37,581 | €37,581 | = | 0.0% |
| Reserves | 13 | €217,982 | €214,703 | -€3,280 | -1.5% |
| Non-distributable reserves | 130/1 | €3,759 | €3,759 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,759 | €3,759 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €214,223 | €210,944 | -€3,280 | -1.5% |
| Amounts payable | 17/49 | €397,271 | €336,988 | -€60,283 | -15.2% |
| Amounts payable after more than one year | 17 | €151,515 | €101,699 | -€49,816 | -32.9% |
| Financial debts | 170/4 | €151,515 | €101,699 | -€49,816 | -32.9% |
| Amounts payable within one year | 42/48 | €245,256 | €235,289 | -€9,967 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €47,935 | €49,544 | +€1,610 | +3.4% |
| Trade debts | 44 | €19,917 | €33,381 | +€13,464 | +67.6% |
| Suppliers | 440/4 | €19,917 | €33,381 | +€13,464 | +67.6% |
| Taxes, remuneration and social security | 45 | €22,995 | €2,160 | -€20,835 | -90.6% |
| Taxes | 450/3 | €22,995 | €2,160 | -€20,835 | -90.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €154,410 | €150,204 | -€4,205 | -2.7% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100.0% |
| Non-recurring operating income | 76A | €72,040 | €0 | -€72,040 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,127 | €73,314 | +€6,188 | +9.2% |
| Other operating charges | 640/8 | €9,580 | €6,883 | -€2,697 | -28.2% |
| Non-recurring operating charges | 66A | €34,395 | €0 | -€34,395 | -100.0% |
| Gross operating margin | 9900 | €94,510 | €90,772 | -€3,738 | -4.0% |
| Operating profit (loss) | 9901 | -€16,592 | €10,575 | +€27,166 | |
| Financial income | 75/76B | €612 | €162 | -€450 | -73.5% |
| Recurring financial income | 75 | €612 | €162 | -€450 | -73.5% |
| Financial charges | 65/66B | €9,815 | €14,016 | +€4,202 | +42.8% |
| Recurring financial charges | 65 | €9,815 | €14,016 | +€4,202 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,794 | -€3,280 | +€22,515 | +87.3% |
| Income taxes | 67/77 | €155 | €0 | -€155 | -100.0% |
| Profit (loss) for the period | 9904 | -€25,949 | -€3,280 | +€22,670 | +87.4% |
| Transfer from tax-exempt reserves | 789 | €27,500 | €0 | -€27,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,551 | -€3,280 | -€4,830 |
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 10 October 2026 via checked.be.