TRANSIMMODEL: 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.
TRANSIMMODEL
Largest movements
- Cash +€26,738
up €26,738 (+109.9%), from €24,321 to €51,059
- Tangible fixed assets -€15,727
down €15,727 (-26.2%), from €60,091 to €44,364
of which Land and buildings: -€15,564
- Profit (loss) carried forward +€7,396
up €7,396 (+33.6%), from -€21,999 to -€14,604
- Other debts +€3,012
up €3,012 (+196.5%), from €1,533 to €4,544
- Gross operating margin +€4,960
up €4,960 (+26.0%), from €19,101 to €24,061
- Purchases and services +€800
up €800 (+11.0%), from €7,299 to €8,099
- Depreciation -€649
down €649 (-5.4%), from €12,114 to €11,466
- Other operating charges +€364
up €364 (+14.6%), from €2,494 to €2,858
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,249 | €96,514 | +€11,265 | +13.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €60,091 | €44,364 | -€15,727 | -26.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €60,091 | €44,364 | -€15,727 | -26.2% |
| Land and buildings | 22 | €59,107 | €43,543 | -€15,564 | -26.3% |
| Plant, machinery and equipment | 23 | €984 | €531 | -€453 | -46.0% |
| Furniture and vehicles | 24 | €0 | €290 | +€290 | |
| Current assets | 29/58 | €25,158 | €52,149 | +€26,992 | +107.3% |
| Amounts receivable after more than one year | 29 | - | €204 | +€204 | |
| Trade receivables | 290 | - | €204 | +€204 | |
| Cash at bank and in hand | 54/58 | €24,321 | €51,059 | +€26,738 | +109.9% |
| Deferred charges and accrued income | 490/1 | €837 | €886 | +€50 | +6.0% |
| Total equity and liabilities | 10/49 | €85,249 | €96,514 | +€11,265 | +13.2% |
| Equity | 10/15 | €46,201 | €53,596 | +€7,396 | +16.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,999 | -€14,604 | +€7,396 | +33.6% |
| Amounts payable | 17/49 | €39,048 | €42,917 | +€3,869 | +9.9% |
| Amounts payable after more than one year | 17 | €36,695 | €36,695 | = | 0.0% |
| Other amounts payable | 178/9 | €36,695 | €36,695 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,347 | €6,223 | +€3,876 | +165.2% |
| Trade debts | 44 | €354 | €1,128 | +€774 | +218.5% |
| Suppliers | 440/4 | €354 | €1,128 | +€774 | +218.5% |
| Taxes, remuneration and social security | 45 | €460 | €550 | +€91 | +19.7% |
| Taxes | 450/3 | €460 | €550 | +€91 | +19.7% |
| Other amounts payable | 47/48 | €1,533 | €4,544 | +€3,012 | +196.5% |
| Accrued charges and deferred income | 492/3 | €7 | - | -€7 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,299 | €8,099 | +€800 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,114 | €11,466 | -€649 | -5.4% |
| Other operating charges | 640/8 | €2,494 | €2,858 | +€364 | +14.6% |
| Gross operating margin | 9900 | €19,101 | €24,061 | +€4,960 | +26.0% |
| Operating profit (loss) | 9901 | €4,493 | €9,737 | +€5,244 | +116.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,066 | €1,958 | -€108 | -5.2% |
| Recurring financial charges | 65 | €2,066 | €1,958 | -€108 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €2,428 | €7,780 | +€5,352 | +220.5% |
| Profit (loss) for the period | 9904 | €2,428 | €7,780 | +€5,352 | +220.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,428 | €7,780 | +€5,352 | +220.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.