Transestate: 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.
Transestate
Largest movements
- Cash +€285,898
up €285,898 (+314.2%), from €91,001 to €376,899
mainly Current investments (+€180,000) and Depreciation (+€80,002)
- Current investments -€180,000
down €180,000 (-100.0%), from €180,000 to €0
- Tangible fixed assets -€17,449
down €17,449 (-1.3%), from €1.4m to €1.4m
- Reserves +€114,735
up €114,735 (+35.5%), from €322,966 to €437,701
of which Distributable reserves: +€118,538
- Revaluation surpluses -€45,000
down €45,000 (-4.8%), from €930,000 to €885,000
- Gross operating margin +€4,444
up €4,444 (+2.3%), from €196,689 to €201,133
- Other operating charges +€2,319
up €2,319 (+16.6%), from €14,003 to €16,322
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 | €1,656,197 | €1,742,375 | +€86,178 | +5.2% |
| Fixed assets | 21/28 | €1,382,925 | €1,365,476 | -€17,449 | -1.3% |
| Tangible fixed assets | 22/27 | €1,382,925 | €1,365,476 | -€17,449 | -1.3% |
| Land and buildings | 22 | €1,382,925 | €1,365,476 | -€17,449 | -1.3% |
| Current assets | 29/58 | €273,272 | €376,899 | +€103,628 | +37.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €180,000 | €0 | -€180,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €91,001 | €376,899 | +€285,898 | +314.2% |
| Deferred charges and accrued income | 490/1 | €2,271 | €0 | -€2,271 | -100.0% |
| Total equity and liabilities | 10/49 | €1,656,197 | €1,742,375 | +€86,178 | +5.2% |
| Equity | 10/15 | €1,255,107 | €1,324,842 | +€69,735 | +5.6% |
| Contributions | 10/11 | €2,141 | €2,141 | = | 0.0% |
| Revaluation surpluses | 12 | €930,000 | €885,000 | -€45,000 | -4.8% |
| Reserves | 13 | €322,966 | €437,701 | +€114,735 | +35.5% |
| Tax-exempt reserves | 132 | €125,214 | €121,411 | -€3,803 | -3.0% |
| Distributable reserves | 133 | €197,752 | €316,290 | +€118,538 | +59.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €3,803 | €2,535 | -€1,268 | -33.3% |
| Deferred taxes | 168 | €3,803 | €2,535 | -€1,268 | -33.3% |
| Amounts payable | 17/49 | €397,287 | €414,998 | +€17,711 | +4.5% |
| Amounts payable within one year | 42/48 | €386,477 | €404,549 | +€18,072 | +4.7% |
| Trade debts | 44 | €0 | €15,015 | +€15,015 | |
| Suppliers | 440/4 | €0 | €15,015 | +€15,015 | |
| Taxes, remuneration and social security | 45 | €4,349 | €7,680 | +€3,330 | +76.6% |
| Taxes | 450/3 | €4,349 | €7,680 | +€3,330 | +76.6% |
| Other amounts payable | 47/48 | €382,127 | €381,854 | -€273 | -0.1% |
| Accrued charges and deferred income | 492/3 | €10,810 | €10,449 | -€361 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,414 | €80,002 | +€1,588 | +2.0% |
| Other operating charges | 640/8 | €14,003 | €16,322 | +€2,319 | +16.6% |
| Gross operating margin | 9900 | €196,689 | €201,133 | +€4,444 | +2.3% |
| Operating profit (loss) | 9901 | €104,273 | €104,810 | +€537 | +0.5% |
| Financial income | 75/76B | €2,271 | €1,575 | -€695 | -30.6% |
| Recurring financial income | 75 | €2,271 | €1,575 | -€695 | -30.6% |
| Financial charges | 65/66B | €491 | €490 | -€1 | -0.3% |
| Recurring financial charges | 65 | €491 | €490 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €106,052 | €105,895 | -€157 | -0.1% |
| Transfer from deferred taxes | 780 | €1,268 | €1,268 | = | 0.0% |
| Income taxes | 67/77 | €39,031 | €37,428 | -€1,603 | -4.1% |
| Profit (loss) for the period | 9904 | €68,289 | €69,735 | +€1,446 | +2.1% |
| Transfer from tax-exempt reserves | 789 | €3,803 | €3,803 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,092 | €73,538 | +€1,446 | +2.0% |
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.