TRANSIBEL - STAT: 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.
TRANSIBEL - STAT
Largest movements
- Receivables within one year -€344,076
down €344,076 (-72.0%), from €477,836 to €133,760
of which Trade receivables: -€344,777
- Cash -€140,913
down €140,913 (-17.8%), from €790,564 to €649,652
mainly Other debts (-€488,496) and Contributions, distributions and other (-€53,171)
- Other debts -€488,496
down €488,496 (-57.5%), from €850,138 to €361,642
- Tax, wage and social debts +€29,258
up €29,258 (+727.0%), from €4,024 to €33,283
- Accrued charges and deferred income -€14,455
no longer reported in 2025 (was €14,455)
- Debts after one year -€14,206
down €14,206 (-57.7%), from €24,635 to €10,429
- Turnover +€29,829
up €29,829 (+8.9%), from €333,706 to €363,535
- Gross operating margin +€20,295
up €20,295 (+14.2%), from €142,828 to €163,123
- Purchases and services +€9,534
up €9,534 (+5.0%), from €190,877 to €200,411
- Staff costs -€8,808
down €8,808 (-11.6%), from €75,918 to €67,110
- Financial charges -€5,431
down €5,431 (-53.6%), from €10,133 to €4,702
of which Financial charges: -€5,431
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 | €1,374,444 | €895,178 | -€479,266 | -34.9% |
| Fixed assets | 21/28 | €106,044 | €100,316 | -€5,728 | -5.4% |
| Intangible fixed assets | 21 | €1,208 | €1,087 | -€121 | -10.0% |
| Tangible fixed assets | 22/27 | €104,336 | €98,729 | -€5,607 | -5.4% |
| Land and buildings | 22 | €72,925 | €67,715 | -€5,211 | -7.1% |
| Plant, machinery and equipment | 23 | €14,011 | €17,050 | +€3,040 | +21.7% |
| Furniture and vehicles | 24 | €17,400 | €13,964 | -€3,436 | -19.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,268,401 | €794,862 | -€473,539 | -37.3% |
| Amounts receivable within one year | 40/41 | €477,836 | €133,760 | -€344,076 | -72.0% |
| Trade receivables | 40 | €477,836 | €133,059 | -€344,777 | -72.2% |
| Other amounts receivable | 41 | - | €701 | +€701 | |
| Cash at bank and in hand | 54/58 | €790,564 | €649,652 | -€140,913 | -17.8% |
| Deferred charges and accrued income | 490/1 | - | €11,450 | +€11,450 | |
| Total equity and liabilities | 10/49 | €1,374,444 | €895,178 | -€479,266 | -34.9% |
| Equity | 10/15 | €453,936 | €460,915 | +€6,979 | +1.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €160,060 | €160,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €158,201 | €158,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,876 | €281,855 | +€6,979 | +2.5% |
| Amounts payable | 17/49 | €920,508 | €434,263 | -€486,246 | -52.8% |
| Amounts payable after more than one year | 17 | €24,635 | €10,429 | -€14,206 | -57.7% |
| Financial debts | 170/4 | €24,635 | €10,429 | -€14,206 | -57.7% |
| Amounts payable within one year | 42/48 | €881,419 | €423,834 | -€457,585 | -51.9% |
| Financial debts | 43 | €22,015 | €19,097 | -€2,918 | -13.3% |
| Credit institutions | 430/8 | €22,015 | €19,097 | -€2,918 | -13.3% |
| Trade debts | 44 | €5,242 | €9,812 | +€4,571 | +87.2% |
| Suppliers | 440/4 | €5,242 | €9,812 | +€4,571 | +87.2% |
| Taxes, remuneration and social security | 45 | €4,024 | €33,283 | +€29,258 | +727.0% |
| Taxes | 450/3 | €4,024 | €33,283 | +€29,258 | +727.0% |
| Other amounts payable | 47/48 | €850,138 | €361,642 | -€488,496 | -57.5% |
| Accrued charges and deferred income | 492/3 | €14,455 | - | -€14,455 | |
| Turnover | 70 | €333,706 | €363,535 | +€29,829 | +8.9% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Goods, raw materials, services and sundry goods | 60/61 | €190,877 | €200,411 | +€9,534 | +5.0% |
| Remuneration, social security and pensions | 62 | €75,918 | €67,110 | -€8,808 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,152 | €15,175 | +€23 | +0.2% |
| Other operating charges | 640/8 | €1,282 | €986 | -€296 | -23.1% |
| Gross operating margin | 9900 | €142,828 | €163,123 | +€20,295 | +14.2% |
| Operating profit (loss) | 9901 | €50,476 | €79,853 | +€29,376 | +58.2% |
| Financial charges | 65/66B | €10,133 | €4,702 | -€5,431 | -53.6% |
| Recurring financial charges | 65 | €10,133 | €4,702 | -€5,431 | -53.6% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €40,343 | €75,150 | +€34,807 | +86.3% |
| Income taxes | 67/77 | €12,000 | €15,000 | +€3,000 | +25.0% |
| Profit (loss) for the period | 9904 | €28,343 | €60,150 | +€31,807 | +112.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,343 | €60,150 | +€31,807 | +112.2% |
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 3 October 2026 via checked.be.