TRANSCONABAT: 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.
TRANSCONABAT
Largest movements
- Current investments +€170,000
new in 2025: €170,000
- Tangible fixed assets +€36,237
up €36,237 (+6.9%), from €526,999 to €563,236
of which Land and buildings: +€39,056
- Cash -€8,768
down €8,768 (-26.8%), from €32,757 to €23,989
mainly Current investments (-€170,000) and Short-term financial debts (-€100,000)
- Reserves +€247,614
up €247,614 (+13756.3%), from €1,800 to €249,414
of which Tax-exempt reserves: +€247,614
- Short-term financial debts -€100,000
down €100,000 (-45.5%), from €220,000 to €120,000
- Provisions +€82,538
new in 2025: €82,538
- Debts after one year -€27,594
down €27,594 (-70.4%), from €39,212 to €11,618
- Gross operating margin +€310,148
up €310,148 (+463.5%), from €66,918 to €377,066
- Depreciation -€12,972
down €12,972 (-31.8%), from €40,832 to €27,860
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 | €563,338 | €759,252 | +€195,914 | +34.8% |
| Fixed assets | 21/28 | €527,215 | €563,452 | +€36,237 | +6.9% |
| Tangible fixed assets | 22/27 | €526,999 | €563,236 | +€36,237 | +6.9% |
| Land and buildings | 22 | €524,180 | €563,236 | +€39,056 | +7.5% |
| Other tangible fixed assets | 26 | €2,819 | - | -€2,819 | |
| Financial fixed assets | 28 | €216 | €216 | = | 0.0% |
| Current assets | 29/58 | €36,123 | €195,800 | +€159,677 | +442.0% |
| Amounts receivable within one year | 40/41 | €1,829 | €1,141 | -€688 | -37.6% |
| Trade receivables | 40 | €1,829 | €1,141 | -€688 | -37.6% |
| Current investments | 50/53 | - | €170,000 | +€170,000 | |
| Cash at bank and in hand | 54/58 | €32,757 | €23,989 | -€8,768 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,537 | €670 | -€867 | -56.4% |
| Total equity and liabilities | 10/49 | €563,338 | €759,252 | +€195,914 | +34.8% |
| Equity | 10/15 | €269,356 | €511,229 | +€241,873 | +89.8% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €1,800 | €249,414 | +€247,614 | +13756.3% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €247,614 | +€247,614 | |
| Profit (loss) carried forward | 14 | -€57,444 | -€63,185 | -€5,741 | -10.0% |
| Provisions and deferred taxes | 16 | - | €82,538 | +€82,538 | |
| Deferred taxes | 168 | - | €82,538 | +€82,538 | |
| Amounts payable | 17/49 | €293,982 | €165,485 | -€128,497 | -43.7% |
| Amounts payable after more than one year | 17 | €39,212 | €11,618 | -€27,594 | -70.4% |
| Financial debts | 170/4 | €39,212 | €11,618 | -€27,594 | -70.4% |
| Amounts payable within one year | 42/48 | €254,220 | €152,427 | -€101,793 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €27,189 | €27,594 | +€405 | +1.5% |
| Financial debts | 43 | €220,000 | €120,000 | -€100,000 | -45.5% |
| Other loans | 439 | €220,000 | €120,000 | -€100,000 | -45.5% |
| Trade debts | 44 | €2,542 | €3,467 | +€925 | +36.4% |
| Suppliers | 440/4 | €2,542 | €3,467 | +€925 | +36.4% |
| Taxes, remuneration and social security | 45 | - | €23 | +€23 | |
| Taxes | 450/3 | - | €23 | +€23 | |
| Other amounts payable | 47/48 | €4,489 | €1,343 | -€3,146 | -70.1% |
| Accrued charges and deferred income | 492/3 | €550 | €1,440 | +€890 | +161.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,832 | €27,860 | -€12,972 | -31.8% |
| Other operating charges | 640/8 | €11,907 | €10,471 | -€1,436 | -12.1% |
| Gross operating margin | 9900 | €66,918 | €377,066 | +€310,148 | +463.5% |
| Operating profit (loss) | 9901 | €14,179 | €338,735 | +€324,556 | +2289.0% |
| Financial income | 75/76B | €2 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €12,369 | €14,325 | +€1,956 | +15.8% |
| Recurring financial charges | 65 | €12,369 | €14,325 | +€1,956 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €1,812 | €324,411 | +€322,599 | +17803.5% |
| Transfer from deferred taxes | 780 | - | €133 | +€133 | |
| Transfer to deferred taxes | 680 | - | €82,671 | +€82,671 | |
| Profit (loss) for the period | 9904 | €1,812 | €241,873 | +€240,061 | +13248.4% |
| Transfer from tax-exempt reserves | 789 | - | €399 | +€399 | |
| Transfer to tax-exempt reserves | 689 | - | €248,013 | +€248,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,812 | -€5,741 | -€7,553 |
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 4 October 2026 via checked.be.