TRANSDOUNY: 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.
TRANSDOUNY
Largest movements
- Receivables within one year -€39,848
down €39,848 (-13.0%), from €305,944 to €266,095
of which Trade receivables: -€34,369
- Tangible fixed assets -€36,467
down €36,467 (-13.4%), from €272,758 to €236,292
of which Land and buildings: -€40,385
- Cash -€29,073
down €29,073 (-96.1%), from €30,255 to €1,182
mainly Trade debts (-€102,277) and Investment in fixed assets (net) (-€28,868)
- Stocks and contracts +€9,809
up €9,809 (+25.4%), from €38,563 to €48,372
- Trade debts -€102,277
down €102,277 (-18.2%), from €560,974 to €458,698
- Profit (loss) carried forward -€20,183
down €20,183 (-5.0%), from -€401,820 to -€422,003
- Tax, wage and social debts +€18,898
up €18,898 (+8.3%), from €227,323 to €246,220
of which Remuneration and social security: +€17,360
- Financial income +€69,090
up €69,090 (+45594.9%), from €152 to €69,242
of which Non-recurring financial income: +€69,030
- Gross operating margin +€47,880
up €47,880 (+9.2%), from €521,539 to €569,418
- Other operating charges -€10,304
down €10,304 (-46.3%), from €22,263 to €11,960
- Staff costs +€8,037
up €8,037 (+1.7%), from €473,732 to €481,769
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 | €723,593 | €622,258 | -€101,335 | -14.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €308,558 | €273,092 | -€35,467 | -11.5% |
| Tangible fixed assets | 22/27 | €272,758 | €236,292 | -€36,467 | -13.4% |
| Land and buildings | 22 | €235,461 | €195,076 | -€40,385 | -17.2% |
| Plant, machinery and equipment | 23 | €5,912 | €3,248 | -€2,664 | -45.1% |
| Furniture and vehicles | 24 | €31,386 | €37,968 | +€6,582 | +21.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €35,800 | €36,800 | +€1,000 | +2.8% |
| Current assets | 29/58 | €415,035 | €349,166 | -€65,869 | -15.9% |
| Stocks and contracts in progress | 3 | €38,563 | €48,372 | +€9,809 | +25.4% |
| Stocks | 30/36 | €38,563 | €48,372 | +€9,809 | +25.4% |
| Amounts receivable within one year | 40/41 | €305,944 | €266,095 | -€39,848 | -13.0% |
| Trade receivables | 40 | €293,767 | €259,399 | -€34,369 | -11.7% |
| Other amounts receivable | 41 | €12,176 | €6,697 | -€5,480 | -45.0% |
| Cash at bank and in hand | 54/58 | €30,255 | €1,182 | -€29,073 | -96.1% |
| Deferred charges and accrued income | 490/1 | €40,273 | €33,517 | -€6,756 | -16.8% |
| Total equity and liabilities | 10/49 | €723,593 | €622,258 | -€101,335 | -14.0% |
| Equity | 10/15 | -€173,696 | -€193,879 | -€20,183 | -11.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €6,623 | €6,623 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,623 | €6,623 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €473 | €473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€401,820 | -€422,003 | -€20,183 | -5.0% |
| Amounts payable | 17/49 | €897,289 | €816,137 | -€81,152 | -9.0% |
| Amounts payable within one year | 42/48 | €897,289 | €816,137 | -€81,152 | -9.0% |
| Financial debts | 43 | - | €117 | +€117 | |
| Credit institutions | 430/8 | - | €117 | +€117 | |
| Trade debts | 44 | €560,974 | €458,698 | -€102,277 | -18.2% |
| Suppliers | 440/4 | €560,974 | €458,698 | -€102,277 | -18.2% |
| Taxes, remuneration and social security | 45 | €227,323 | €246,220 | +€18,898 | +8.3% |
| Taxes | 450/3 | €37,746 | €39,284 | +€1,538 | +4.1% |
| Remuneration and social security | 454/9 | €189,576 | €206,936 | +€17,360 | +9.2% |
| Other amounts payable | 47/48 | €108,992 | €111,102 | +€2,110 | +1.9% |
| Remuneration, social security and pensions | 62 | €473,732 | €481,769 | +€8,037 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,487 | €64,335 | -€1,152 | -1.8% |
| Other operating charges | 640/8 | €22,263 | €11,960 | -€10,304 | -46.3% |
| Non-recurring operating charges | 66A | €781 | €60,206 | +€59,425 | +7607.4% |
| Gross operating margin | 9900 | €521,539 | €569,418 | +€47,880 | +9.2% |
| Operating profit (loss) | 9901 | -€40,725 | -€48,851 | -€8,126 | -20.0% |
| Financial income | 75/76B | €152 | €69,242 | +€69,090 | +45594.9% |
| Recurring financial income | 75 | €152 | €212 | +€60 | +39.8% |
| Non-recurring financial income | 76B | - | €69,030 | +€69,030 | |
| Financial charges | 65/66B | €35,009 | €40,574 | +€5,565 | +15.9% |
| Recurring financial charges | 65 | €35,009 | €40,574 | +€5,565 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€75,582 | -€20,183 | +€55,399 | +73.3% |
| Profit (loss) for the period | 9904 | -€75,582 | -€20,183 | +€55,399 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,582 | -€20,183 | +€55,399 | +73.3% |
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 7 October 2026 via checked.be.