TRANSHYPO: 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.
TRANSHYPO
Largest movements
- Receivables within one year +€6,224
up €6,224 (+44.5%), from €13,973 to €20,197
of which Trade receivables: +€6,224
- Tangible fixed assets +€5,869
up €5,869 (+2.2%), from €262,847 to €268,717
- Cash +€4,645
up €4,645 (+177%), from €2,627 to €7,272
mainly Other debts (+€37,012) and Depreciation (+€19,092)
- Other debts +€37,012
up €37,012 (+115%), from €32,241 to €69,253
- Debts after one year -€23,232
down €23,232 (-10.0%), from €231,699 to €208,467
of which Financial debts: -€13,232
- Profit (loss) carried forward +€4,834
up €4,834 (+22.2%), from -€21,745 to -€16,911
- Trade debts -€4,212
down €4,212 (-35.2%), from €11,963 to €7,750
- Gross operating margin +€19,475
up €19,475 (+119%), from €16,423 to €35,898
- Other operating charges +€1,655
up €1,655 (+46.9%), from €3,529 to €5,184
- Financial charges -€997
down €997 (-14.0%), from €7,146 to €6,149
- Depreciation +€739
up €739 (+4.0%), from €18,353 to €19,092
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,881 | €297,078 | +€14,197 | +5.0% |
| Fixed assets | 21/28 | €263,740 | €269,609 | +€5,869 | +2.2% |
| Tangible fixed assets | 22/27 | €262,847 | €268,717 | +€5,869 | +2.2% |
| Other tangible fixed assets | 26 | €262,847 | €268,717 | +€5,869 | +2.2% |
| Financial fixed assets | 28 | €892 | €892 | = | 0.0% |
| Current assets | 29/58 | €19,141 | €27,469 | +€8,328 | +43.5% |
| Amounts receivable within one year | 40/41 | €13,973 | €20,197 | +€6,224 | +44.5% |
| Trade receivables | 40 | €13,973 | €20,197 | +€6,224 | +44.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,627 | €7,272 | +€4,645 | +177% |
| Deferred charges and accrued income | 490/1 | €2,541 | €0 | -€2,541 | -100% |
| Total equity and liabilities | 10/49 | €282,881 | €297,078 | +€14,197 | +5.0% |
| Equity | 10/15 | -€11,209 | -€6,376 | +€4,834 | +43.1% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,745 | -€16,911 | +€4,834 | +22.2% |
| Amounts payable | 17/49 | €294,090 | €303,454 | +€9,363 | +3.2% |
| Amounts payable after more than one year | 17 | €231,699 | €208,467 | -€23,232 | -10.0% |
| Financial debts | 170/4 | €116,699 | €103,467 | -€13,232 | -11.3% |
| Other amounts payable | 178/9 | €115,000 | €105,000 | -€10,000 | -8.7% |
| Amounts payable within one year | 42/48 | €62,391 | €94,987 | +€32,596 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €14,066 | €13,232 | -€834 | -5.9% |
| Trade debts | 44 | €11,963 | €7,750 | -€4,212 | -35.2% |
| Suppliers | 440/4 | €11,963 | €7,750 | -€4,212 | -35.2% |
| Taxes, remuneration and social security | 45 | €4,121 | €4,751 | +€630 | +15.3% |
| Taxes | 450/3 | €4,121 | €4,751 | +€630 | +15.3% |
| Other amounts payable | 47/48 | €32,241 | €69,253 | +€37,012 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,353 | €19,092 | +€739 | +4.0% |
| Other operating charges | 640/8 | €3,529 | €5,184 | +€1,655 | +46.9% |
| Non-recurring operating charges | 66A | €2,830 | €0 | -€2,830 | -100% |
| Gross operating margin | 9900 | €16,423 | €35,898 | +€19,475 | +119% |
| Operating profit (loss) | 9901 | -€8,289 | €11,622 | +€19,910 | |
| Financial income | 75/76B | €13 | €13 | +€0 | +2.1% |
| Recurring financial income | 75 | €13 | €13 | +€0 | +2.1% |
| Financial charges | 65/66B | €7,146 | €6,149 | -€997 | -14.0% |
| Recurring financial charges | 65 | €7,146 | €6,149 | -€997 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,423 | €5,485 | +€20,908 | |
| Income taxes | 67/77 | €684 | €652 | -€33 | -4.7% |
| Profit (loss) for the period | 9904 | -€16,107 | €4,834 | +€20,940 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,107 | €4,834 | +€20,940 |
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 29 October 2026 via checked.be.