TRANSCURSOR: what changed
TRANSCURSOR
Largest movements
- Cash +€202,682
up €202,682 (+153%), from €132,670 to €335,352
mainly Other debts (+€181,760) and Net result for the year (+€109,224)
- Current investments +€200,001
up €200,001 (+125%), from €159,488 to €359,489
- Receivables within one year -€64,630
down €64,630 (-94.0%), from €68,767 to €4,137
of which Trade receivables: -€63,215
- Tangible fixed assets -€37,702
down €37,702 (-16.8%), from €224,668 to €186,966
of which Plant, machinery and equipment: -€24,323
- Reserves +€200,000
up €200,000 (+66.5%), from €300,906 to €500,906
of which Non-distributable reserves: +€200,000
- Other debts +€181,760
new in 2025: €181,760
- Profit (loss) carried forward -€90,776
down €90,776 (-36.2%), from €250,809 to €160,033
- Gross operating margin +€119,451
up €119,451 (+118%), from €101,290 to €220,741
- Staff costs +€33,929
up €33,929 (+782%), from €4,338 to €38,267
- Taxes -€24,621
down €24,621 (-69.0%), from €35,703 to €11,082
- Depreciation -€16,084
down €16,084 (-25.4%), from €63,201 to €47,116
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €606,093 | €900,445 | +€294,352 | +48.6% |
| Fixed assets | 21/28 | €239,168 | €201,466 | -€37,702 | -15.8% |
| Tangible fixed assets | 22/27 | €224,668 | €186,966 | -€37,702 | -16.8% |
| Land and buildings | 22 | €20,406 | €18,288 | -€2,117 | -10.4% |
| Plant, machinery and equipment | 23 | €169,974 | €145,650 | -€24,323 | -14.3% |
| Furniture and vehicles | 24 | €34,288 | €23,027 | -€11,261 | -32.8% |
| Financial fixed assets | 28 | €14,500 | €14,500 | = | 0.0% |
| Current assets | 29/58 | €366,925 | €698,979 | +€332,053 | +90.5% |
| Amounts receivable within one year | 40/41 | €68,767 | €4,137 | -€64,630 | -94.0% |
| Trade receivables | 40 | €64,290 | €1,075 | -€63,215 | -98.3% |
| Other amounts receivable | 41 | €4,477 | €3,063 | -€1,414 | -31.6% |
| Current investments | 50/53 | €159,488 | €359,489 | +€200,001 | +125% |
| Cash at bank and in hand | 54/58 | €132,670 | €335,352 | +€202,682 | +153% |
| Deferred charges and accrued income | 490/1 | €6,000 | - | -€6,000 | |
| Total equity and liabilities | 10/49 | €606,093 | €900,445 | +€294,352 | +48.6% |
| Equity | 10/15 | €570,315 | €679,539 | +€109,224 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,906 | €500,906 | +€200,000 | +66.5% |
| Non-distributable reserves | 130/1 | €161,029 | €361,029 | +€200,000 | +124% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €159,169 | €359,169 | +€200,000 | +126% |
| Tax-exempt reserves | 132 | €139,877 | €139,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250,809 | €160,033 | -€90,776 | -36.2% |
| Amounts payable | 17/49 | €35,778 | €220,906 | +€185,128 | +517% |
| Amounts payable within one year | 42/48 | €35,778 | €220,906 | +€185,128 | +517% |
| Trade debts | 44 | €34,828 | €38,195 | +€3,368 | +9.7% |
| Suppliers | 440/4 | €34,828 | €38,195 | +€3,368 | +9.7% |
| Taxes, remuneration and social security | 45 | €950 | €950 | = | 0.0% |
| Taxes | 450/3 | €950 | €950 | = | 0.0% |
| Other amounts payable | 47/48 | - | €181,760 | +€181,760 | |
| Remuneration, social security and pensions | 62 | €4,338 | €38,267 | +€33,929 | +782% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,201 | €47,116 | -€16,084 | -25.4% |
| Other operating charges | 640/8 | €13,417 | €13,347 | -€70 | -0.5% |
| Non-recurring operating charges | 66A | €5,597 | €1,442 | -€4,154 | -74.2% |
| Gross operating margin | 9900 | €101,290 | €220,741 | +€119,451 | +118% |
| Operating profit (loss) | 9901 | €14,738 | €120,569 | +€105,831 | +718% |
| Financial income | 75/76B | €18 | €1 | -€17 | -95.2% |
| Recurring financial income | 75 | €18 | €1 | -€17 | -95.2% |
| Financial charges | 65/66B | €264 | €264 | -€0 | 0.0% |
| Recurring financial charges | 65 | €264 | €264 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €14,492 | €120,306 | +€105,814 | +730% |
| Income taxes | 67/77 | €35,703 | €11,082 | -€24,621 | -69.0% |
| Profit (loss) for the period | 9904 | -€21,211 | €109,224 | +€130,435 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,211 | €109,224 | +€130,435 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.