TRANSECO: what changed
What changed
TRANSECO
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
€48,134
2024 · €8,169+€39,965
Equity
€144,093
2024 · €131,958+€12,134
Cash
€4,938
2024 · €18+€4,920
Balance sheet total
€466,434
2024 · €377,317+€89,116
Largest movements
Assets
- Receivables after one year +€110,228
up €110,228 (+161%), from €68,353 to €178,581
- Receivables within one year -€30,675
down €30,675 (-10.2%), from €300,439 to €269,764
of which Other amounts receivable: -€15,657
- Cash +€4,920
up €4,920 (+26,886%), from €18 to €4,938
mainly Accrued charges and deferred income (+€51,055) and Net result for the year (+€48,134)
Equity and liabilities
- Accrued charges and deferred income +€51,055
new in 2025: €51,055
- Other debts +€35,086
up €35,086 (+2,751%), from €1,275 to €36,361
- Reserves +€12,134
up €12,134 (+9.6%), from €125,758 to €137,893
of which Non-distributable reserves: +€12,134
- Short-term financial debts -€8,054
down €8,054 (-6.0%), from €134,254 to €126,200
- Trade debts -€5,244
down €5,244 (-5.0%), from €104,953 to €99,709
Income statement
- Staff costs -€44,517
down €44,517 (-16.2%), from €274,523 to €230,006
- Gross operating margin -€13,718
down €13,718 (-4.5%), from €305,922 to €292,205
- Financial charges -€6,620
down €6,620 (-48.9%), from €13,545 to €6,926
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.
Result 2024
€8,169
Gross operating margin
-€13,718
Staff costs
+€44,517
Depreciation
-€429
Other operating charges
+€2,736
Other operating items
+€1,419
Financial income
-€3
Financial charges
+€6,620
Taxes
-€1,176
Result 2025
€48,134
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€54,974
Investment
-€6,000
Financing
-€44,054
Cash 2024
€18
From operations (derived)
+€54,974
Net result for the year
+€48,134
Depreciation
+€1,356
Receivables after one year
-€110,228
Receivables within one year
+€30,675
Trade debts
-€5,244
Tax, wage and social debts
+€4,140
Other debts
+€35,086
Accrued charges and deferred income
+€51,055
Investment (derived)
-€6,000
Investment in fixed assets (net)
-€6,000
Financing
-€44,054
Short-term financial debts
-€8,054
Contributions, distributions and other
-€36,000
Cash 2025
€4,938
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,317 | €466,434 | +€89,116 | +23.6% |
| Fixed assets | 21/28 | €1,616 | €6,260 | +€4,644 | +287% |
| Tangible fixed assets | 22/27 | €1,616 | €5,260 | +€3,644 | +225% |
| Plant, machinery and equipment | 23 | €487 | €267 | -€220 | -45.2% |
| Furniture and vehicles | 24 | €1,130 | €4,993 | +€3,863 | +342% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €375,701 | €460,174 | +€84,473 | +22.5% |
| Amounts receivable after more than one year | 29 | €68,353 | €178,581 | +€110,228 | +161% |
| Other amounts receivable | 291 | €68,353 | €178,581 | +€110,228 | +161% |
| Stocks and contracts in progress | 3 | €6,891 | €6,891 | = | 0.0% |
| Stocks | 30/36 | €6,891 | €6,891 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300,439 | €269,764 | -€30,675 | -10.2% |
| Trade receivables | 40 | €281,337 | €266,320 | -€15,018 | -5.3% |
| Other amounts receivable | 41 | €19,101 | €3,444 | -€15,657 | -82.0% |
| Cash at bank and in hand | 54/58 | €18 | €4,938 | +€4,920 | +26,886% |
| Total equity and liabilities | 10/49 | €377,317 | €466,434 | +€89,116 | +23.6% |
| Equity | 10/15 | €131,958 | €144,093 | +€12,134 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €125,758 | €137,893 | +€12,134 | +9.6% |
| Non-distributable reserves | 130/1 | €18,249 | €30,383 | +€12,134 | +66.5% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,389 | €28,523 | +€12,134 | +74.0% |
| Distributable reserves | 133 | €107,509 | €107,509 | = | 0.0% |
| Amounts payable | 17/49 | €245,359 | €322,341 | +€76,982 | +31.4% |
| Amounts payable within one year | 42/48 | €245,359 | €271,286 | +€25,927 | +10.6% |
| Financial debts | 43 | €134,254 | €126,200 | -€8,054 | -6.0% |
| Credit institutions | 430/8 | €134,254 | €126,200 | -€8,054 | -6.0% |
| Trade debts | 44 | €104,953 | €99,709 | -€5,244 | -5.0% |
| Suppliers | 440/4 | €104,953 | €99,709 | -€5,244 | -5.0% |
| Taxes, remuneration and social security | 45 | €4,876 | €9,016 | +€4,140 | +84.9% |
| Taxes | 450/3 | €4,876 | €8,504 | +€3,628 | +74.4% |
| Remuneration and social security | 454/9 | - | €512 | +€512 | |
| Other amounts payable | 47/48 | €1,275 | €36,361 | +€35,086 | +2,751% |
| Accrued charges and deferred income | 492/3 | - | €51,055 | +€51,055 | |
| Non-recurring operating income | 76A | €17,689 | - | -€17,689 | |
| Remuneration, social security and pensions | 62 | €274,523 | €230,006 | -€44,517 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €1,356 | +€429 | +46.3% |
| Other operating charges | 640/8 | €3,614 | €878 | -€2,736 | -75.7% |
| Non-recurring operating charges | 66A | €1,419 | - | -€1,419 | |
| Gross operating margin | 9900 | €305,922 | €292,205 | -€13,718 | -4.5% |
| Operating profit (loss) | 9901 | €25,440 | €59,964 | +€34,524 | +136% |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.8% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.8% |
| Financial charges | 65/66B | €13,545 | €6,926 | -€6,620 | -48.9% |
| Recurring financial charges | 65 | €13,545 | €6,926 | -€6,620 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €11,897 | €53,039 | +€41,141 | +346% |
| Income taxes | 67/77 | €3,728 | €4,904 | +€1,176 | +31.6% |
| Profit (loss) for the period | 9904 | €8,169 | €48,134 | +€39,965 | +489% |
| Profit (loss) for the period to be appropriated | 9905 | €8,169 | €48,134 | +€39,965 | +489% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.