TRANSIND: 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.
TRANSIND
Largest movements
- Receivables within one year +€634,704
up €634,704 (+809.2%), from €78,440 to €713,144
of which Other amounts receivable: +€666,616
- Receivables after one year -€453,000
down €453,000 (-100.0%), from €453,000 to €0
- Stocks and contracts -€92,792
down €92,792 (-100.0%), from €92,792 to €0
- Tangible fixed assets -€29,842
down €29,842 (-100.0%), from €29,842 to €0
of which Land and buildings: -€29,842
- Cash +€13,873
up €13,873 (+411.4%), from €3,372 to €17,245
mainly Receivables after one year (+€453,000) and Net result for the year (+€384,716)
- Profit (loss) carried forward +€384,716
up €384,716, from -€375,052 to €9,664
- Other debts +€261,281
up €261,281 (+310.4%), from €84,184 to €345,465
- Reserves -€250,000
down €250,000 (-91.2%), from €274,064 to €24,064
of which Distributable reserves: -€266,627
- Short-term financial debts -€151,775
down €151,775 (-96.6%), from €157,091 to €5,316
- Debts after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Gross operating margin +€749,404
up €749,404, from -€136,068 to €613,336
- Taxes +€20,365
new in 2025: €20,365
- Financial charges +€19,207
up €19,207 (+83.8%), from €22,915 to €42,121
- Other operating charges +€18,116
up €18,116 (+84.3%), from €21,493 to €39,610
- Financial income -€11,480
down €11,480 (-65.3%), from €17,586 to €6,106
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 | €663,300 | €731,788 | +€68,488 | +10.3% |
| Fixed assets | 21/28 | €30,217 | €375 | -€29,842 | -98.8% |
| Tangible fixed assets | 22/27 | €29,842 | €0 | -€29,842 | -100.0% |
| Land and buildings | 22 | €29,842 | €0 | -€29,842 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | -€0 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100.0% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €633,083 | €731,413 | +€98,331 | +15.5% |
| Amounts receivable after more than one year | 29 | €453,000 | €0 | -€453,000 | -100.0% |
| Other amounts receivable | 291 | €453,000 | €0 | -€453,000 | -100.0% |
| Stocks and contracts in progress | 3 | €92,792 | €0 | -€92,792 | -100.0% |
| Stocks | 30/36 | €92,792 | €0 | -€92,792 | -100.0% |
| Amounts receivable within one year | 40/41 | €78,440 | €713,144 | +€634,704 | +809.2% |
| Trade receivables | 40 | €41,216 | €9,303 | -€31,912 | -77.4% |
| Other amounts receivable | 41 | €37,224 | €703,840 | +€666,616 | +1790.8% |
| Cash at bank and in hand | 54/58 | €3,372 | €17,245 | +€13,873 | +411.4% |
| Deferred charges and accrued income | 490/1 | €5,479 | €1,024 | -€4,454 | -81.3% |
| Total equity and liabilities | 10/49 | €663,300 | €731,788 | +€68,488 | +10.3% |
| Equity | 10/15 | -€26,620 | €108,096 | +€134,716 | |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €274,064 | €24,064 | -€250,000 | -91.2% |
| Non-distributable reserves | 130/1 | €7,437 | €24,064 | +€16,627 | +223.6% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €16,627 | +€16,627 | |
| Distributable reserves | 133 | €266,627 | - | -€266,627 | |
| Profit (loss) carried forward | 14 | -€375,052 | €9,664 | +€384,716 | |
| Provisions and deferred taxes | 16 | €640 | €0 | -€640 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €640 | €0 | -€640 | -100.0% |
| Environmental obligations | 163 | €640 | - | -€640 | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Amounts payable | 17/49 | €689,280 | €623,692 | -€65,588 | -9.5% |
| Amounts payable after more than one year | 17 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts payable | 178/9 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts payable within one year | 42/48 | €589,280 | €623,692 | +€34,412 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €500 | €0 | -€500 | -100.0% |
| Financial debts | 43 | €157,091 | €5,316 | -€151,775 | -96.6% |
| Credit institutions | 430/8 | €157,091 | €5,316 | -€151,775 | -96.6% |
| Trade debts | 44 | €309,122 | €272,911 | -€36,210 | -11.7% |
| Suppliers | 440/4 | €309,122 | €272,911 | -€36,210 | -11.7% |
| Taxes, remuneration and social security | 45 | €38,384 | €0 | -€38,384 | -100.0% |
| Taxes | 450/3 | €18,980 | €0 | -€18,980 | -100.0% |
| Remuneration and social security | 454/9 | €19,404 | €0 | -€19,404 | -100.0% |
| Other amounts payable | 47/48 | €84,184 | €345,465 | +€261,281 | +310.4% |
| Remuneration, social security and pensions | 62 | €130,384 | €132,630 | +€2,246 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22 | €0 | -€22 | -100.0% |
| Other operating charges | 640/8 | €21,493 | €39,610 | +€18,116 | +84.3% |
| Gross operating margin | 9900 | -€136,068 | €613,336 | +€749,404 | |
| Operating profit (loss) | 9901 | -€287,968 | €441,096 | +€729,064 | |
| Financial income | 75/76B | €17,586 | €6,106 | -€11,480 | -65.3% |
| Recurring financial income | 75 | €17,586 | €6,106 | -€11,480 | -65.3% |
| Financial charges | 65/66B | €22,915 | €42,121 | +€19,207 | +83.8% |
| Recurring financial charges | 65 | €22,915 | €42,121 | +€19,207 | +83.8% |
| Profit (loss) for the period before taxes | 9903 | -€293,297 | €405,081 | +€698,378 | |
| Income taxes | 67/77 | - | €20,365 | +€20,365 | |
| Profit (loss) for the period | 9904 | -€293,297 | €384,716 | +€678,013 | |
| Profit (loss) for the period to be appropriated | 9905 | -€293,297 | €384,716 | +€678,013 |
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 29 September 2026 via checked.be.