TRANSDAL: 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.
TRANSDAL
Largest movements
- Tangible fixed assets -€1,248
down €1,248 (-11.7%), from €10,709 to €9,461
of which Other tangible fixed assets: -€883
- Cash -€537
down €537 (-62.0%), from €866 to €329
mainly Investment in fixed assets (net) (-€3,409) and Other debts (-€2,595)
- Receivables within one year +€301
up €301 (+20.9%), from €1,438 to €1,739
- Other debts -€2,595
down €2,595 (-1.6%), from €163,297 to €160,702
- Profit (loss) carried forward +€1,006
up €1,006 (+0.6%), from -€173,244 to -€172,238
- Gross operating margin +€1,502
up €1,502 (+32.6%), from €4,612 to €6,114
- Other operating charges -€380
down €380 (-42.2%), from €900 to €520
- Financial income +€267
up €267 (+1335.0%), from €20 to €287
- Depreciation -€214
down €214 (-4.4%), from €4,871 to €4,657
- Financial charges +€143
up €143 (+190.7%), from €75 to €218
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 | €14,530 | €13,057 | -€1,473 | -10.1% |
| Fixed assets | 21/28 | €10,709 | €9,461 | -€1,248 | -11.7% |
| Tangible fixed assets | 22/27 | €10,709 | €9,461 | -€1,248 | -11.7% |
| Furniture and vehicles | 24 | €924 | €559 | -€365 | -39.5% |
| Other tangible fixed assets | 26 | €9,785 | €8,902 | -€883 | -9.0% |
| Current assets | 29/58 | €3,821 | €3,596 | -€225 | -5.9% |
| Amounts receivable within one year | 40/41 | €1,438 | €1,739 | +€301 | +20.9% |
| Trade receivables | 40 | €1,438 | €1,739 | +€301 | +20.9% |
| Cash at bank and in hand | 54/58 | €866 | €329 | -€537 | -62.0% |
| Deferred charges and accrued income | 490/1 | €1,517 | €1,528 | +€11 | +0.7% |
| Total equity and liabilities | 10/49 | €14,530 | €13,057 | -€1,473 | -10.1% |
| Equity | 10/15 | -€154,652 | -€153,646 | +€1,006 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,244 | -€172,238 | +€1,006 | +0.6% |
| Amounts payable | 17/49 | €169,182 | €166,703 | -€2,479 | -1.5% |
| Amounts payable within one year | 42/48 | €169,182 | €166,703 | -€2,479 | -1.5% |
| Trade debts | 44 | €5,702 | €5,728 | +€26 | +0.5% |
| Suppliers | 440/4 | €5,702 | €5,728 | +€26 | +0.5% |
| Taxes, remuneration and social security | 45 | €183 | €273 | +€90 | +49.2% |
| Taxes | 450/3 | €183 | €273 | +€90 | +49.2% |
| Other amounts payable | 47/48 | €163,297 | €160,702 | -€2,595 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,871 | €4,657 | -€214 | -4.4% |
| Other operating charges | 640/8 | €900 | €520 | -€380 | -42.2% |
| Gross operating margin | 9900 | €4,612 | €6,114 | +€1,502 | +32.6% |
| Operating profit (loss) | 9901 | -€1,159 | €937 | +€2,096 | |
| Financial income | 75/76B | €20 | €287 | +€267 | +1335.0% |
| Recurring financial income | 75 | €20 | €287 | +€267 | +1335.0% |
| Financial charges | 65/66B | €75 | €218 | +€143 | +190.7% |
| Recurring financial charges | 65 | €75 | €218 | +€143 | +190.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,214 | €1,006 | +€2,220 | |
| Profit (loss) for the period | 9904 | -€1,214 | €1,006 | +€2,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,214 | €1,006 | +€2,220 |
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 30 September 2026 via checked.be.