TRANSIMMO: 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.
TRANSIMMO
Largest movements
- Stocks and contracts -€294,680
down €294,680 (-100%), from €294,680 to €0
- Receivables within one year +€249,831
up €249,831 (+108%), from €230,531 to €480,362
of which Trade receivables: +€256,850
- Current investments +€101,000
new in 2025: €101,000
- Cash -€54,257
down €54,257 (-58.4%), from €92,943 to €38,685
mainly Receivables within one year (-€249,831) and Other debts (-€138,835)
- Tangible fixed assets -€38,587
down €38,587 (-1.5%), from €2.6m to €2.5m
of which Land and buildings: -€30,350
- Other debts -€138,835
down €138,835 (-22.7%), from €610,673 to €471,838
- Debts after one year +€115,045
up €115,045 (+9.7%), from €1.2m to €1.3m
of which Financial debts: +€115,045
- Trade debts +€55,943
up €55,943 (+49.1%), from €113,961 to €169,904
- Accrued charges and deferred income -€45,790
down €45,790 (-41.0%), from €111,743 to €65,953
- Other operating charges +€22,807
up €22,807 (+87.0%), from €26,212 to €49,019
- Gross operating margin +€22,768
up €22,768 (+6.8%), from €334,294 to €357,062
- Depreciation -€22,738
down €22,738 (-13.3%), from €170,432 to €147,694
- Financial charges -€9,040
down €9,040 (-11.0%), from €82,018 to €72,979
- Financial income -€6,258
down €6,258 (-94.4%), from €6,628 to €370
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 | €3,472,297 | €3,442,771 | -€29,526 | -0.9% |
| Fixed assets | 21/28 | €2,845,699 | €2,809,140 | -€36,559 | -1.3% |
| Tangible fixed assets | 22/27 | €2,573,240 | €2,534,654 | -€38,587 | -1.5% |
| Land and buildings | 22 | €2,360,765 | €2,330,414 | -€30,350 | -1.3% |
| Plant, machinery and equipment | 23 | €36,388 | €28,152 | -€8,237 | -22.6% |
| Furniture and vehicles | 24 | €176,087 | €176,087 | = | 0.0% |
| Financial fixed assets | 28 | €272,459 | €274,487 | +€2,028 | +0.7% |
| Current assets | 29/58 | €626,598 | €633,631 | +€7,033 | +1.1% |
| Stocks and contracts in progress | 3 | €294,680 | €0 | -€294,680 | -100% |
| Stocks | 30/36 | €294,680 | €0 | -€294,680 | -100% |
| Amounts receivable within one year | 40/41 | €230,531 | €480,362 | +€249,831 | +108% |
| Trade receivables | 40 | €50,882 | €307,732 | +€256,850 | +505% |
| Other amounts receivable | 41 | €179,649 | €172,630 | -€7,019 | -3.9% |
| Current investments | 50/53 | - | €101,000 | +€101,000 | |
| Cash at bank and in hand | 54/58 | €92,943 | €38,685 | -€54,257 | -58.4% |
| Deferred charges and accrued income | 490/1 | €8,444 | €13,583 | +€5,139 | +60.9% |
| Total equity and liabilities | 10/49 | €3,472,297 | €3,442,771 | -€29,526 | -0.9% |
| Equity | 10/15 | €1,307,963 | €1,317,221 | +€9,258 | +0.7% |
| Contributions | 10/11 | €272,683 | €272,683 | = | 0.0% |
| Capital | 10 | €272,683 | €272,683 | = | 0.0% |
| Issued capital | 100 | €272,683 | €272,683 | = | 0.0% |
| Reserves | 13 | €286,132 | €267,336 | -€18,796 | -6.6% |
| Non-distributable reserves | 130/1 | €27,268 | €27,268 | = | 0.0% |
| Legal reserve | 130 | €27,268 | €27,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €161,364 | €142,568 | -€18,796 | -11.6% |
| Distributable reserves | 133 | €97,500 | €97,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €749,147 | €777,202 | +€28,054 | +3.7% |
| Provisions and deferred taxes | 16 | €53,788 | €47,523 | -€6,265 | -11.6% |
| Deferred taxes | 168 | €53,788 | €47,523 | -€6,265 | -11.6% |
| Amounts payable | 17/49 | €2,110,547 | €2,078,027 | -€32,519 | -1.5% |
| Amounts payable after more than one year | 17 | €1,186,705 | €1,301,750 | +€115,045 | +9.7% |
| Financial debts | 170/4 | €1,186,705 | €1,301,750 | +€115,045 | +9.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €812,098 | €710,324 | -€101,774 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €29,075 | €29,773 | +€698 | +2.4% |
| Financial debts | 43 | €12,538 | €17,556 | +€5,017 | +40.0% |
| Credit institutions | 430/8 | €12,538 | €17,556 | +€5,017 | +40.0% |
| Trade debts | 44 | €113,961 | €169,904 | +€55,943 | +49.1% |
| Suppliers | 440/4 | €113,961 | €169,904 | +€55,943 | +49.1% |
| Taxes, remuneration and social security | 45 | €45,850 | €21,253 | -€24,597 | -53.6% |
| Taxes | 450/3 | €33,897 | €7,842 | -€26,054 | -76.9% |
| Remuneration and social security | 454/9 | €11,953 | €13,410 | +€1,457 | +12.2% |
| Other amounts payable | 47/48 | €610,673 | €471,838 | -€138,835 | -22.7% |
| Accrued charges and deferred income | 492/3 | €111,743 | €65,953 | -€45,790 | -41.0% |
| Non-recurring operating income | 76A | - | €28,108 | +€28,108 | |
| Remuneration, social security and pensions | 62 | €72,005 | €77,008 | +€5,003 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,432 | €147,694 | -€22,738 | -13.3% |
| Other operating charges | 640/8 | €26,212 | €49,019 | +€22,807 | +87.0% |
| Gross operating margin | 9900 | €334,294 | €357,062 | +€22,768 | +6.8% |
| Operating profit (loss) | 9901 | €65,644 | €83,340 | +€17,696 | +27.0% |
| Financial income | 75/76B | €6,628 | €370 | -€6,258 | -94.4% |
| Recurring financial income | 75 | €6,628 | €370 | -€6,258 | -94.4% |
| Financial charges | 65/66B | €82,018 | €72,979 | -€9,040 | -11.0% |
| Recurring financial charges | 65 | €82,018 | €72,979 | -€9,040 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,746 | €10,732 | +€20,478 | |
| Transfer from deferred taxes | 780 | €6,265 | €6,265 | = | 0.0% |
| Income taxes | 67/77 | €4,168 | €7,739 | +€3,571 | +85.7% |
| Profit (loss) for the period | 9904 | -€7,648 | €9,258 | +€16,907 | |
| Transfer from tax-exempt reserves | 789 | €18,796 | €18,796 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,147 | €28,054 | +€16,907 | +152% |
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 18 October 2026 via checked.be.