TRANSGEM LOGISTICS: 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.
TRANSGEM LOGISTICS
Largest movements
- Tangible fixed assets -€367,590
down €367,590 (-27.0%), from €1.4m to €995,836
of which Furniture and vehicles: -€254,186
- Receivables within one year -€57,858
down €57,858 (-7.0%), from €831,250 to €773,392
of which Trade receivables: -€45,802
- Cash +€26,697
up €26,697 (+49.1%), from €54,353 to €81,050
mainly Depreciation (+€411,977) and Receivables within one year (+€57,858)
- Debts after one year -€229,858
down €229,858 (-67.4%), from €341,251 to €111,393
- Trade debts -€98,359
down €98,359 (-14.4%), from €682,524 to €584,165
- Current portion of long-term debt -€46,862
down €46,862 (-15.0%), from €312,499 to €265,638
- Profit (loss) carried forward -€29,047
down €29,047 (-37.8%), from -€76,870 to -€105,917
- Gross operating margin +€57,736
up €57,736 (+2.5%), from €2.3m to €2.4m
- Depreciation -€56,897
down €56,897 (-12.1%), from €468,874 to €411,977
- Staff costs +€49,926
up €49,926 (+2.7%), from €1.9m to €1.9m
- Provisions +€25,700
no longer reported in 2025 (was -€25,700)
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 | €2,390,161 | €1,992,972 | -€397,189 | -16.6% |
| Fixed assets | 21/28 | €1,364,800 | €997,210 | -€367,590 | -26.9% |
| Tangible fixed assets | 22/27 | €1,363,426 | €995,836 | -€367,590 | -27.0% |
| Plant, machinery and equipment | 23 | €6,657 | €8,919 | +€2,262 | +34.0% |
| Furniture and vehicles | 24 | €773,303 | €519,117 | -€254,186 | -32.9% |
| Leasing and similar rights | 25 | €583,466 | €467,799 | -€115,667 | -19.8% |
| Financial fixed assets | 28 | €1,374 | €1,374 | = | 0.0% |
| Current assets | 29/58 | €1,025,361 | €995,762 | -€29,599 | -2.9% |
| Stocks and contracts in progress | 3 | €98,802 | €101,677 | +€2,875 | +2.9% |
| Stocks | 30/36 | €98,802 | €101,677 | +€2,875 | +2.9% |
| Amounts receivable within one year | 40/41 | €831,250 | €773,392 | -€57,858 | -7.0% |
| Trade receivables | 40 | €770,514 | €724,712 | -€45,802 | -5.9% |
| Other amounts receivable | 41 | €60,736 | €48,680 | -€12,056 | -19.8% |
| Cash at bank and in hand | 54/58 | €54,353 | €81,050 | +€26,697 | +49.1% |
| Deferred charges and accrued income | 490/1 | €40,955 | €39,642 | -€1,313 | -3.2% |
| Total equity and liabilities | 10/49 | €2,390,161 | €1,992,972 | -€397,189 | -16.6% |
| Equity | 10/15 | €861,033 | €831,986 | -€29,047 | -3.4% |
| Contributions | 10/11 | €113,449 | €113,449 | = | 0.0% |
| Capital | 10 | €113,449 | €113,449 | = | 0.0% |
| Issued capital | 100 | €113,449 | €113,449 | = | 0.0% |
| Reserves | 13 | €823,898 | €824,292 | +€394 | 0.0% |
| Non-distributable reserves | 130/1 | €11,345 | €11,345 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,345 | €11,345 | = | 0.0% |
| Tax-exempt reserves | 132 | €504,189 | €504,189 | = | 0.0% |
| Distributable reserves | 133 | €308,364 | €308,758 | +€394 | +0.1% |
| Profit (loss) carried forward | 14 | -€76,870 | -€105,917 | -€29,047 | -37.8% |
| Investment grants | 15 | €556 | €162 | -€394 | -70.8% |
| Amounts payable | 17/49 | €1,529,129 | €1,160,986 | -€368,142 | -24.1% |
| Amounts payable after more than one year | 17 | €341,251 | €111,393 | -€229,858 | -67.4% |
| Financial debts | 170/4 | €341,251 | €111,393 | -€229,858 | -67.4% |
| Amounts payable within one year | 42/48 | €1,184,228 | €1,046,558 | -€137,670 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €312,499 | €265,638 | -€46,862 | -15.0% |
| Trade debts | 44 | €682,524 | €584,165 | -€98,359 | -14.4% |
| Suppliers | 440/4 | €682,524 | €584,165 | -€98,359 | -14.4% |
| Taxes, remuneration and social security | 45 | €189,100 | €196,650 | +€7,550 | +4.0% |
| Taxes | 450/3 | €118 | €449 | +€331 | +280.0% |
| Remuneration and social security | 454/9 | €188,981 | €196,200 | +€7,219 | +3.8% |
| Other amounts payable | 47/48 | €105 | €105 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,650 | €3,036 | -€614 | -16.8% |
| Remuneration, social security and pensions | 62 | €1,858,127 | €1,908,054 | +€49,926 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468,874 | €411,977 | -€56,897 | -12.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,700 | - | +€25,700 | |
| Other operating charges | 640/8 | €48,184 | €33,064 | -€15,121 | -31.4% |
| Non-recurring operating charges | 66A | €27,818 | €1,615 | -€26,203 | -94.2% |
| Gross operating margin | 9900 | €2,304,868 | €2,362,604 | +€57,736 | +2.5% |
| Operating profit (loss) | 9901 | -€72,436 | €7,894 | +€80,331 | |
| Financial income | 75/76B | €413 | €207 | -€206 | -49.9% |
| Recurring financial income | 75 | €413 | €207 | -€206 | -49.9% |
| Financial charges | 65/66B | €45,898 | €36,679 | -€9,219 | -20.1% |
| Recurring financial charges | 65 | €45,898 | €36,679 | -€9,219 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€117,921 | -€28,578 | +€89,344 | +75.8% |
| Income taxes | 67/77 | €525 | €469 | -€55 | -10.5% |
| Profit (loss) for the period | 9904 | -€118,446 | -€29,047 | +€89,399 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,446 | -€29,047 | +€89,399 | +75.5% |
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.