TransconR: 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.
TransconR
Largest movements
- Cash +€197,502
up €197,502 (+61.6%), from €320,620 to €518,121
mainly Net result for the year (+€221,837) and Depreciation (+€163,025)
- Receivables within one year +€28,359
up €28,359 (+11.9%), from €238,030 to €266,389
of which Trade receivables: +€27,569
- Tangible fixed assets -€16,499
down €16,499 (-5.5%), from €301,712 to €285,212
of which Leasing and similar rights: -€104,408
- Reserves +€184,433
up €184,433 (+39.3%), from €469,246 to €653,680
- Tax, wage and social debts +€66,165
up €66,165 (+82.6%), from €80,117 to €146,282
of which Taxes: +€38,925
- Accrued charges and deferred income -€49,785
down €49,785 (-95.0%), from €52,424 to €2,638
- Other debts +€26,408
up €26,408 (+43.3%), from €61,054 to €87,461
- Debts after one year -€22,455
down €22,455 (-37.2%), from €60,397 to €37,943
- Gross operating margin +€247,456
up €247,456 (+22.6%), from €1.1m to €1.3m
- Taxes +€59,360
up €59,360 (+113%), from €52,625 to €111,985
- Staff costs +€56,742
up €56,742 (+8.5%), from €669,247 to €725,989
- Depreciation +€15,061
up €15,061 (+10.2%), from €147,964 to €163,025
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €876,603 | €1,091,031 | +€214,428 | +24.5% |
| Fixed assets | 21/28 | €314,777 | €299,977 | -€14,799 | -4.7% |
| Tangible fixed assets | 22/27 | €301,712 | €285,212 | -€16,499 | -5.5% |
| Plant, machinery and equipment | 23 | €6,857 | €2,595 | -€4,262 | -62.2% |
| Furniture and vehicles | 24 | €122,295 | €214,465 | +€92,170 | +75.4% |
| Leasing and similar rights | 25 | €172,560 | €68,152 | -€104,408 | -60.5% |
| Financial fixed assets | 28 | €13,065 | €14,765 | +€1,700 | +13.0% |
| Current assets | 29/58 | €561,826 | €791,053 | +€229,227 | +40.8% |
| Amounts receivable within one year | 40/41 | €238,030 | €266,389 | +€28,359 | +11.9% |
| Trade receivables | 40 | €234,485 | €262,054 | +€27,569 | +11.8% |
| Other amounts receivable | 41 | €3,545 | €4,335 | +€790 | +22.3% |
| Cash at bank and in hand | 54/58 | €320,620 | €518,121 | +€197,502 | +61.6% |
| Deferred charges and accrued income | 490/1 | €3,177 | €6,543 | +€3,366 | +106% |
| Total equity and liabilities | 10/49 | €876,603 | €1,091,031 | +€214,428 | +24.5% |
| Equity | 10/15 | €483,975 | €668,408 | +€184,433 | +38.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €469,246 | €653,680 | +€184,433 | +39.3% |
| Distributable reserves | 133 | €469,246 | €653,680 | +€184,433 | +39.3% |
| Profit (loss) carried forward | 14 | €8,528 | €8,528 | = | 0.0% |
| Amounts payable | 17/49 | €392,628 | €422,623 | +€29,995 | +7.6% |
| Amounts payable after more than one year | 17 | €60,397 | €37,943 | -€22,455 | -37.2% |
| Financial debts | 170/4 | €60,397 | €37,943 | -€22,455 | -37.2% |
| Amounts payable within one year | 42/48 | €279,807 | €382,042 | +€102,235 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €65,461 | €66,675 | +€1,215 | +1.9% |
| Trade debts | 44 | €73,176 | €81,623 | +€8,447 | +11.5% |
| Suppliers | 440/4 | €73,176 | €81,623 | +€8,447 | +11.5% |
| Taxes, remuneration and social security | 45 | €80,117 | €146,282 | +€66,165 | +82.6% |
| Taxes | 450/3 | €43,180 | €82,105 | +€38,925 | +90.1% |
| Remuneration and social security | 454/9 | €36,937 | €64,177 | +€27,240 | +73.7% |
| Other amounts payable | 47/48 | €61,054 | €87,461 | +€26,408 | +43.3% |
| Accrued charges and deferred income | 492/3 | €52,424 | €2,638 | -€49,785 | -95.0% |
| Non-recurring operating income | 76A | €11,000 | €20,070 | +€9,070 | +82.5% |
| Remuneration, social security and pensions | 62 | €669,247 | €725,989 | +€56,742 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,964 | €163,025 | +€15,061 | +10.2% |
| Other operating charges | 640/8 | €104,945 | €111,670 | +€6,725 | +6.4% |
| Gross operating margin | 9900 | €1,092,861 | €1,340,316 | +€247,456 | +22.6% |
| Operating profit (loss) | 9901 | €170,705 | €339,633 | +€168,928 | +99.0% |
| Financial income | 75/76B | €706 | €3,648 | +€2,943 | +417% |
| Recurring financial income | 75 | €706 | €3,648 | +€2,943 | +417% |
| Financial charges | 65/66B | €12,739 | €9,459 | -€3,279 | -25.7% |
| Recurring financial charges | 65 | €12,739 | €9,459 | -€3,279 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €158,672 | €333,822 | +€175,150 | +110% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €52,625 | €111,985 | +€59,360 | +113% |
| Profit (loss) for the period | 9904 | €106,047 | €221,837 | +€115,790 | +109% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €106,047 | €221,837 | +€115,790 | +109% |
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 15 October 2026 via checked.be.