TRANSEO INTERNATIONAL: 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.
What changed
TRANSEO INTERNATIONAL
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €851,589+€1.1m
Equity
€5.9m
2024 · €3.9m+€2.0m
Cash
€34,956
2024 · €113,199-€78,243
Balance sheet total
€6.5m
2024 · €7.0m-€425,274
Largest movements
Assets
- Deferred charges and accrued income -€242,326
down €242,326 (-92.4%), from €262,319 to €19,993
- Receivables within one year -€80,825
down €80,825 (-21.4%), from €378,189 to €297,363
of which Other amounts receivable: -€65,083
- Cash -€78,243
down €78,243 (-69.1%), from €113,199 to €34,956
mainly Debts after one year (-€2.9m) and Current portion of long-term debt (-€37,707)
Equity and liabilities
- Debts after one year -€2.9m
no longer reported in 2025 (was €2.9m)
of which Other amounts payable: -€2.9m
- Profit (loss) carried forward +€2.0m
up €2.0m (+85.2%), from -€2.3m to -€341,494
- Provisions +€378,341
new in 2025: €378,341
- Trade debts +€95,883
up €95,883 (+136%), from €70,345 to €166,228
Income statement
- Financial income -€870,304
down €870,304 (-66.0%), from €1.3m to €447,675
- Provisions +€378,341
new in 2025: €378,341
- Services and other goods +€200,402
up €200,402 (+20.0%), from €1.0m to €1.2m
- Turnover -€183,767
down €183,767 (-24.0%), from €765,126 to €581,359
- Financial charges -€85,970
down €85,970 (-93.7%), from €91,732 to €5,762
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.
Result 2024
€851,589
Turnover
-€183,767
Other operating income
-€917
Services and other goods
-€200,402
Staff costs
-€1,316
Depreciation
-€1,171
Provisions
-€378,341
Other operating items
+€2.7m
Financial income
-€870,304
Financial charges
+€85,970
Taxes
-€68,158
Result 2025
€2.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€2.9m
Investment
-€8,578
Financing
-€2.9m
Cash 2024
€113,199
From operations (derived)
+€2.9m
Net result for the year
+€2.0m
Depreciation
+€32,458
Receivables within one year
+€80,825
Deferred charges and accrued income
+€242,326
Provisions
+€378,341
Trade debts
+€95,883
Tax, wage and social debts
+€68,158
Investment (derived)
-€8,578
Investment in fixed assets (net)
-€8,578
Financing
-€2.9m
Debts after one year
-€2.9m
Current portion of long-term debt
-€37,707
Cash 2025
€34,956
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,962,285 | €6,537,011 | -€425,274 | -6.1% |
| Fixed assets | 21/28 | €6,028,579 | €6,004,699 | -€23,880 | -0.4% |
| Intangible fixed assets | 21 | €863,865 | €863,865 | = | 0.0% |
| Tangible fixed assets | 22/27 | €164,712 | €140,832 | -€23,880 | -14.5% |
| Furniture and vehicles | 24 | €15,354 | €11,078 | -€4,276 | -27.9% |
| Other tangible fixed assets | 26 | €149,358 | €129,754 | -€19,604 | -13.1% |
| Financial fixed assets | 28 | €5,000,002 | €5,000,002 | = | 0.0% |
| Affiliated companies | 280/1 | €5,000,002 | €5,000,002 | = | 0.0% |
| Participating interests | 280 | €5,000,002 | €5,000,002 | = | 0.0% |
| Current assets | 29/58 | €933,706 | €532,312 | -€401,394 | -43.0% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €378,189 | €297,363 | -€80,825 | -21.4% |
| Trade receivables | 40 | €204,978 | €189,236 | -€15,742 | -7.7% |
| Other amounts receivable | 41 | €173,210 | €108,127 | -€65,083 | -37.6% |
| Cash at bank and in hand | 54/58 | €113,199 | €34,956 | -€78,243 | -69.1% |
| Deferred charges and accrued income | 490/1 | €262,319 | €19,993 | -€242,326 | -92.4% |
| Total equity and liabilities | 10/49 | €6,962,285 | €6,537,011 | -€425,274 | -6.1% |
| Equity | 10/15 | €3,886,000 | €5,858,699 | +€2.0m | +50.8% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Revaluation surpluses | 12 | €4,999,998 | €4,999,998 | = | 0.0% |
| Reserves | 13 | €195 | €195 | = | 0.0% |
| Non-distributable reserves | 130/1 | €195 | €195 | = | 0.0% |
| Legal reserve | 130 | €195 | €195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,314,193 | -€341,494 | +€2.0m | +85.2% |
| Provisions and deferred taxes | 16 | - | €378,341 | +€378,341 | |
| Provisions for liabilities and charges | 160/5 | - | €378,341 | +€378,341 | |
| Other liabilities and charges | 164/5 | - | €378,341 | +€378,341 | |
| Amounts payable | 17/49 | €3,076,285 | €299,971 | -€2.8m | -90.2% |
| Amounts payable after more than one year | 17 | €2,902,647 | - | -€2.9m | |
| Financial debts | 170/4 | €39,159 | - | -€39,159 | |
| Credit institutions | 173 | €39,159 | - | -€39,159 | |
| Other amounts payable | 178/9 | €2,863,488 | - | -€2.9m | |
| Amounts payable within one year | 42/48 | €173,638 | €299,971 | +€126,333 | +72.8% |
| Current portion of amounts payable after more than one year | 42 | €76,867 | €39,159 | -€37,707 | -49.1% |
| Trade debts | 44 | €70,345 | €166,228 | +€95,883 | +136% |
| Suppliers | 440/4 | €70,345 | €166,228 | +€95,883 | +136% |
| Taxes, remuneration and social security | 45 | - | €68,158 | +€68,158 | |
| Taxes | 450/3 | - | €68,158 | +€68,158 | |
| Other amounts payable | 47/48 | €26,426 | €26,426 | = | 0.0% |
| Operating income | 70/76A | €1,166,043 | €3,404,847 | +€2.2m | +192% |
| Turnover | 70 | €765,126 | €581,359 | -€183,767 | -24.0% |
| Other operating income | 74 | €917 | - | -€917 | |
| Non-recurring operating income | 76A | €400,000 | €2,823,488 | +€2.4m | +606% |
| Operating charges | 60/66A | €1,540,701 | €1,805,903 | +€265,202 | +17.2% |
| Services and other goods | 61 | €1,003,117 | €1,203,519 | +€200,402 | +20.0% |
| Remuneration, social security and pensions | 62 | €125,175 | €126,491 | +€1,316 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,286 | €32,458 | +€1,171 | +3.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €378,341 | +€378,341 | |
| Non-recurring operating charges | 66A | €381,123 | €65,094 | -€316,029 | -82.9% |
| Operating profit (loss) | 9901 | -€374,658 | €1,598,944 | +€2.0m | |
| Financial income | 75/76B | €1,317,980 | €447,675 | -€870,304 | -66.0% |
| Recurring financial income | 75 | €1,317,980 | €447,675 | -€870,304 | -66.0% |
| Income from financial fixed assets | 750 | €1,317,979 | €447,675 | -€870,304 | -66.0% |
| Income from current assets | 751 | €0 | €0 | -€0 | -51.4% |
| Financial charges | 65/66B | €91,732 | €5,762 | -€85,970 | -93.7% |
| Recurring financial charges | 65 | €91,732 | €5,762 | -€85,970 | -93.7% |
| Debt charges | 650 | €91,732 | €5,762 | -€85,970 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €851,589 | €2,040,857 | +€1.2m | +140% |
| Income taxes | 67/77 | - | €68,158 | +€68,158 | |
| Taxes | 670/3 | - | €68,158 | +€68,158 | |
| Profit (loss) for the period | 9904 | €851,589 | €1,972,699 | +€1.1m | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €851,589 | €1,972,699 | +€1.1m | +132% |
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 31 October 2026 via checked.be.