TRANSIMEX: 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.
TRANSIMEX
Largest movements
- Receivables within one year -€289,604
down €289,604 (-16.9%), from €1.7m to €1.4m
of which Other amounts receivable: -€350,968
- Receivables after one year -€286,000
down €286,000 (-100.0%), from €286,000 to €0
- Cash +€259,639
up €259,639 (+641.9%), from €40,448 to €300,087
mainly Receivables within one year (+€289,604) and Receivables after one year (+€286,000)
- Intangible fixed assets +€100,928
new in 2025: €100,928
- Reserves -€704,405
down €704,405 (-50.3%), from €1.4m to €694,786
of which Distributable reserves: -€660,440
- Trade debts +€275,450
up €275,450 (+17.1%), from €1.6m to €1.9m
- Short-term financial debts +€200,000
up €200,000 (+47.1%), from €425,000 to €625,000
- Debts after one year +€178,071
up €178,071 (+46.5%), from €382,880 to €560,952
of which Other amounts payable: +€159,900
- Other debts -€67,186
down €67,186 (-84.0%), from €80,000 to €12,814
- Gross operating margin +€225,591
up €225,591 (+4036.8%), from €5,588 to €231,179
- Staff costs +€73,452
up €73,452 (+78.3%), from €93,808 to €167,259
- Financial charges +€18,675
up €18,675 (+23.8%), from €78,476 to €97,150
- Financial income -€13,259
down €13,259 (-49.6%), from €26,749 to €13,490
- Depreciation +€7,373
up €7,373 (+27.1%), from €27,243 to €34,615
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 | €3,787,254 | €3,607,386 | -€179,868 | -4.7% |
| Fixed assets | 21/28 | €111,957 | €226,534 | +€114,578 | +102.3% |
| Intangible fixed assets | 21 | - | €100,928 | +€100,928 | |
| Tangible fixed assets | 22/27 | €87,138 | €101,544 | +€14,407 | +16.5% |
| Plant, machinery and equipment | 23 | €20,932 | €15,071 | -€5,861 | -28.0% |
| Furniture and vehicles | 24 | €29,005 | €25,769 | -€3,236 | -11.2% |
| Leasing and similar rights | 25 | €37,202 | €60,705 | +€23,503 | +63.2% |
| Financial fixed assets | 28 | €24,819 | €24,062 | -€757 | -3.1% |
| Current assets | 29/58 | €3,675,298 | €3,380,852 | -€294,445 | -8.0% |
| Amounts receivable after more than one year | 29 | €286,000 | €0 | -€286,000 | -100.0% |
| Other amounts receivable | 291 | €286,000 | €0 | -€286,000 | -100.0% |
| Stocks and contracts in progress | 3 | €1,606,156 | €1,616,775 | +€10,618 | +0.7% |
| Stocks | 30/36 | €1,606,156 | €1,616,775 | +€10,618 | +0.7% |
| Amounts receivable within one year | 40/41 | €1,717,468 | €1,427,863 | -€289,604 | -16.9% |
| Trade receivables | 40 | €1,263,965 | €1,325,328 | +€61,364 | +4.9% |
| Other amounts receivable | 41 | €453,503 | €102,535 | -€350,968 | -77.4% |
| Cash at bank and in hand | 54/58 | €40,448 | €300,087 | +€259,639 | +641.9% |
| Deferred charges and accrued income | 490/1 | €25,226 | €36,127 | +€10,902 | +43.2% |
| Total equity and liabilities | 10/49 | €3,787,254 | €3,607,386 | -€179,868 | -4.7% |
| Equity | 10/15 | €1,190,868 | €464,649 | -€726,218 | -61.0% |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Reserves | 13 | €1,399,191 | €694,786 | -€704,405 | -50.3% |
| Non-distributable reserves | 130/1 | €1,865 | €0 | -€1,865 | -100.0% |
| Reserves not available under the articles | 1311 | €1,865 | €0 | -€1,865 | -100.0% |
| Tax-exempt reserves | 132 | €319,750 | €277,650 | -€42,100 | -13.2% |
| Distributable reserves | 133 | €1,077,576 | €417,136 | -€660,440 | -61.3% |
| Profit (loss) carried forward | 14 | -€226,973 | -€248,787 | -€21,813 | -9.6% |
| Amounts payable | 17/49 | €2,596,386 | €3,142,737 | +€546,351 | +21.0% |
| Amounts payable after more than one year | 17 | €382,880 | €560,952 | +€178,071 | +46.5% |
| Financial debts | 170/4 | €29,880 | €48,052 | +€18,171 | +60.8% |
| Other amounts payable | 178/9 | €353,000 | €512,900 | +€159,900 | +45.3% |
| Amounts payable within one year | 42/48 | €2,213,506 | €2,580,158 | +€366,651 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €9,310 | €17,610 | +€8,300 | +89.1% |
| Financial debts | 43 | €425,000 | €625,000 | +€200,000 | +47.1% |
| Credit institutions | 430/8 | €425,000 | €625,000 | +€200,000 | +47.1% |
| Trade debts | 44 | €1,613,740 | €1,889,190 | +€275,450 | +17.1% |
| Suppliers | 440/4 | €1,613,740 | €1,889,190 | +€275,450 | +17.1% |
| Advances received on contracts in progress | 46 | €55,175 | €8,400 | -€46,775 | -84.8% |
| Taxes, remuneration and social security | 45 | €30,282 | €27,144 | -€3,138 | -10.4% |
| Taxes | 450/3 | €7,020 | €2,100 | -€4,920 | -70.1% |
| Remuneration and social security | 454/9 | €23,262 | €25,044 | +€1,782 | +7.7% |
| Other amounts payable | 47/48 | €80,000 | €12,814 | -€67,186 | -84.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,628 | +€1,628 | |
| Remuneration, social security and pensions | 62 | €93,808 | €167,259 | +€73,452 | +78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,243 | €34,615 | +€7,373 | +27.1% |
| Other operating charges | 640/8 | €8,566 | €8,890 | +€324 | +3.8% |
| Gross operating margin | 9900 | €5,588 | €231,179 | +€225,591 | +4036.8% |
| Operating profit (loss) | 9901 | -€124,028 | €20,414 | +€144,443 | |
| Financial income | 75/76B | €26,749 | €13,490 | -€13,259 | -49.6% |
| Recurring financial income | 75 | €26,749 | €13,490 | -€13,259 | -49.6% |
| Financial charges | 65/66B | €78,476 | €97,150 | +€18,675 | +23.8% |
| Recurring financial charges | 65 | €78,476 | €97,150 | +€18,675 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€175,755 | -€63,246 | +€112,509 | +64.0% |
| Transfer to deferred taxes | 680 | €50,520 | €0 | -€50,520 | -100.0% |
| Income taxes | 67/77 | €698 | €667 | -€31 | -4.4% |
| Profit (loss) for the period | 9904 | -€226,973 | -€63,913 | +€163,060 | +71.8% |
| Transfer from tax-exempt reserves | 789 | €0 | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€226,973 | -€21,813 | +€205,160 | +90.4% |
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 2 October 2026 via checked.be.