TRANSIHA: 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.
TRANSIHA
Largest movements
- Receivables within one year -€60,659
down €60,659 (-59.3%), from €102,232 to €41,573
of which Other amounts receivable: -€43,563
- Cash +€54,796
up €54,796 (+70.2%), from €78,108 to €132,904
mainly Receivables within one year (+€60,659) and Other debts (+€41,391)
- Tangible fixed assets -€30,060
down €30,060 (-27.4%), from €109,585 to €79,525
of which Furniture and vehicles: -€18,663
- Deferred charges and accrued income -€6,030
down €6,030 (-91.1%), from €6,617 to €588
- Other debts +€41,391
up €41,391 (+159.9%), from €25,892 to €67,283
- Tax, wage and social debts -€40,507
down €40,507 (-59.2%), from €68,376 to €27,870
of which Taxes: -€41,290
- Debts after one year -€32,601
down €32,601 (-25.2%), from €129,367 to €96,767
- Profit (loss) carried forward -€27,609
down €27,609 (-56.0%), from €49,280 to €21,671
- Trade debts +€20,066
up €20,066 (+3095.6%), from €648 to €20,714
- Turnover +€357,167
up €357,167 (+9347.5%), from €3,821 to €360,988
- Purchases and services +€63,215
up €63,215 (+33.8%), from €187,193 to €250,409
- Staff costs +€28,816
up €28,816 (+95.6%), from €30,133 to €58,949
- Gross operating margin +€15,433
up €15,433 (+13.4%), from €115,196 to €130,629
- Depreciation -€11,738
down €11,738 (-28.1%), from €41,797 to €30,060
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 | €296,716 | €254,764 | -€41,952 | -14.1% |
| Fixed assets | 21/28 | €109,759 | €79,699 | -€30,060 | -27.4% |
| Tangible fixed assets | 22/27 | €109,585 | €79,525 | -€30,060 | -27.4% |
| Plant, machinery and equipment | 23 | €6,248 | €4,571 | -€1,677 | -26.8% |
| Furniture and vehicles | 24 | €73,500 | €54,838 | -€18,663 | -25.4% |
| Leasing and similar rights | 25 | €26,461 | €17,641 | -€8,820 | -33.3% |
| Other tangible fixed assets | 26 | €3,375 | €2,475 | -€900 | -26.7% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €186,957 | €175,064 | -€11,893 | -6.4% |
| Amounts receivable within one year | 40/41 | €102,232 | €41,573 | -€60,659 | -59.3% |
| Trade receivables | 40 | €58,669 | €41,573 | -€17,096 | -29.1% |
| Other amounts receivable | 41 | €43,563 | - | -€43,563 | |
| Cash at bank and in hand | 54/58 | €78,108 | €132,904 | +€54,796 | +70.2% |
| Deferred charges and accrued income | 490/1 | €6,617 | €588 | -€6,030 | -91.1% |
| Total equity and liabilities | 10/49 | €296,716 | €254,764 | -€41,952 | -14.1% |
| Equity | 10/15 | €69,740 | €42,131 | -€27,609 | -39.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,280 | €21,671 | -€27,609 | -56.0% |
| Amounts payable | 17/49 | €226,976 | €212,633 | -€14,343 | -6.3% |
| Amounts payable after more than one year | 17 | €129,367 | €96,767 | -€32,601 | -25.2% |
| Financial debts | 170/4 | €129,367 | €96,767 | -€32,601 | -25.2% |
| Amounts payable within one year | 42/48 | €97,609 | €115,867 | +€18,257 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €2,693 | - | -€2,693 | |
| Trade debts | 44 | €648 | €20,714 | +€20,066 | +3095.6% |
| Suppliers | 440/4 | €648 | €20,714 | +€20,066 | +3095.6% |
| Taxes, remuneration and social security | 45 | €68,376 | €27,870 | -€40,507 | -59.2% |
| Taxes | 450/3 | €65,522 | €24,233 | -€41,290 | -63.0% |
| Remuneration and social security | 454/9 | €2,854 | €3,637 | +€783 | +27.5% |
| Other amounts payable | 47/48 | €25,892 | €67,283 | +€41,391 | +159.9% |
| Turnover | 70 | €3,821 | €360,988 | +€357,167 | +9347.5% |
| Non-recurring operating income | 76A | €11,215 | €20,050 | +€8,835 | +78.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €187,193 | €250,409 | +€63,215 | +33.8% |
| Remuneration, social security and pensions | 62 | €30,133 | €58,949 | +€28,816 | +95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,797 | €30,060 | -€11,738 | -28.1% |
| Other operating charges | 640/8 | €1,052 | €3,148 | +€2,097 | +199.4% |
| Gross operating margin | 9900 | €115,196 | €130,629 | +€15,433 | +13.4% |
| Operating profit (loss) | 9901 | €42,214 | €38,473 | -€3,742 | -8.9% |
| Financial charges | 65/66B | €3,821 | €4,007 | +€186 | +4.9% |
| Recurring financial charges | 65 | €3,821 | €4,007 | +€186 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €38,393 | €34,466 | -€3,927 | -10.2% |
| Income taxes | 67/77 | €6,079 | €12,075 | +€5,996 | +98.6% |
| Profit (loss) for the period | 9904 | €32,315 | €22,391 | -€9,924 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,315 | €22,391 | -€9,924 | -30.7% |
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 9 October 2026 via checked.be.