TransDirect: 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.
TransDirect
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+139.2%), from €736,239 to €1.8m
of which Trade receivables: +€953,358
- Tangible fixed assets +€190,654
up €190,654 (+40.8%), from €467,563 to €658,217
of which Leasing and similar rights: +€158,839
- Deferred charges and accrued income +€41,663
up €41,663 (+361.1%), from €11,536 to €53,199
- Cash +€32,566
up €32,566 (+19.0%), from €171,603 to €204,169
mainly Trade debts (+€629,811) and Net result for the year (+€412,513)
- Trade debts +€629,811
up €629,811 (+110.0%), from €572,640 to €1.2m
- Reserves +€412,513
up €412,513 (+137.7%), from €299,637 to €712,150
of which Distributable reserves: +€307,263
- Tax, wage and social debts +€84,039
up €84,039 (+73.0%), from €115,062 to €199,102
of which Taxes: +€51,880
- Debts after one year +€82,334
up €82,334 (+29.8%), from €276,569 to €358,903
- Current portion of long-term debt +€53,987
up €53,987 (+41.7%), from €129,597 to €183,585
- Gross operating margin +€632,953
up €632,953 (+109.7%), from €577,028 to €1.2m
- Staff costs +€215,223
up €215,223 (+107.2%), from €200,753 to €415,976
- Taxes +€89,561
up €89,561 (+207.2%), from €43,227 to €132,788
- Depreciation +€63,317
up €63,317 (+43.4%), from €145,926 to €209,243
- Other operating charges -€23,024
down €23,024 (-71.7%), from €32,095 to €9,072
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 | €1,448,826 | €2,754,327 | +€1.3m | +90.1% |
| Fixed assets | 21/28 | €529,448 | €736,178 | +€206,730 | +39.0% |
| Intangible fixed assets | 21 | €60,885 | €76,961 | +€16,076 | +26.4% |
| Tangible fixed assets | 22/27 | €467,563 | €658,217 | +€190,654 | +40.8% |
| Furniture and vehicles | 24 | €157,921 | €189,737 | +€31,816 | +20.1% |
| Leasing and similar rights | 25 | €309,642 | €468,480 | +€158,839 | +51.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €919,379 | €2,018,149 | +€1.1m | +119.5% |
| Amounts receivable within one year | 40/41 | €736,239 | €1,760,781 | +€1.0m | +139.2% |
| Trade receivables | 40 | €734,132 | €1,687,490 | +€953,358 | +129.9% |
| Other amounts receivable | 41 | €2,107 | €73,291 | +€71,184 | +3378.7% |
| Cash at bank and in hand | 54/58 | €171,603 | €204,169 | +€32,566 | +19.0% |
| Deferred charges and accrued income | 490/1 | €11,536 | €53,199 | +€41,663 | +361.1% |
| Total equity and liabilities | 10/49 | €1,448,826 | €2,754,327 | +€1.3m | +90.1% |
| Equity | 10/15 | €307,137 | €719,650 | +€412,513 | +134.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €299,637 | €712,150 | +€412,513 | +137.7% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €299,637 | €606,900 | +€307,263 | +102.5% |
| Amounts payable | 17/49 | €1,141,689 | €2,034,677 | +€892,988 | +78.2% |
| Amounts payable after more than one year | 17 | €276,569 | €358,903 | +€82,334 | +29.8% |
| Financial debts | 170/4 | €276,569 | €358,903 | +€82,334 | +29.8% |
| Amounts payable within one year | 42/48 | €817,300 | €1,600,292 | +€782,992 | +95.8% |
| Current portion of amounts payable after more than one year | 42 | €129,597 | €183,585 | +€53,987 | +41.7% |
| Financial debts | 43 | - | €15,155 | +€15,155 | |
| Other loans | 439 | - | €15,155 | +€15,155 | |
| Trade debts | 44 | €572,640 | €1,202,451 | +€629,811 | +110.0% |
| Suppliers | 440/4 | €572,640 | €1,202,451 | +€629,811 | +110.0% |
| Taxes, remuneration and social security | 45 | €115,062 | €199,102 | +€84,039 | +73.0% |
| Taxes | 450/3 | €77,109 | €128,989 | +€51,880 | +67.3% |
| Remuneration and social security | 454/9 | €37,953 | €70,113 | +€32,160 | +84.7% |
| Accrued charges and deferred income | 492/3 | €47,821 | €75,482 | +€27,661 | +57.8% |
| Remuneration, social security and pensions | 62 | €200,753 | €415,976 | +€215,223 | +107.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,926 | €209,243 | +€63,317 | +43.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,019 | €0 | -€1,019 | -100.0% |
| Other operating charges | 640/8 | €32,095 | €9,072 | -€23,024 | -71.7% |
| Non-recurring operating charges | 66A | €3,015 | €0 | -€3,015 | -100.0% |
| Gross operating margin | 9900 | €577,028 | €1,209,981 | +€632,953 | +109.7% |
| Operating profit (loss) | 9901 | €194,220 | €575,690 | +€381,470 | +196.4% |
| Financial income | 75/76B | €3,097 | €2,677 | -€420 | -13.6% |
| Recurring financial income | 75 | €3,097 | €2,677 | -€420 | -13.6% |
| Financial charges | 65/66B | €21,547 | €33,066 | +€11,518 | +53.5% |
| Recurring financial charges | 65 | €21,547 | €33,066 | +€11,518 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €175,770 | €545,301 | +€369,531 | +210.2% |
| Income taxes | 67/77 | €43,227 | €132,788 | +€89,561 | +207.2% |
| Profit (loss) for the period | 9904 | €132,543 | €412,513 | +€279,970 | +211.2% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €132,543 | €307,263 | +€174,720 | +131.8% |
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.