TRANSINVEST: 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.
TRANSINVEST
Largest movements
- Receivables within one year +€30,613
up €30,613 (+43.3%), from €70,721 to €101,334
of which Other amounts receivable: +€35,643
- Cash -€28,761
down €28,761 (-21.7%), from €132,589 to €103,828
mainly Receivables within one year (-€30,613) and Net result for the year (-€6,373)
- Tangible fixed assets -€7,564
down €7,564 (-35.8%), from €21,101 to €13,537
- Profit (loss) carried forward -€6,373
down €6,373 (-4.9%), from €130,371 to €123,998
- Taxes +€9,574
up €9,574 (+255%), from €3,757 to €13,331
- Gross operating margin -€2,733
down €2,733 (-12.3%), from €22,140 to €19,407
- Financial income -€709
down €709 (-20.8%), from €3,415 to €2,706
- Financial charges -€535
down €535 (-11.4%), from €4,687 to €4,152
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 | €232,299 | €225,619 | -€6,680 | -2.9% |
| Fixed assets | 21/28 | €27,005 | €17,751 | -€9,254 | -34.3% |
| Intangible fixed assets | 21 | €5,904 | €4,214 | -€1,690 | -28.6% |
| Tangible fixed assets | 22/27 | €21,101 | €13,537 | -€7,564 | -35.8% |
| Furniture and vehicles | 24 | €21,101 | €13,537 | -€7,564 | -35.8% |
| Current assets | 29/58 | €205,294 | €207,868 | +€2,574 | +1.3% |
| Amounts receivable within one year | 40/41 | €70,721 | €101,334 | +€30,613 | +43.3% |
| Trade receivables | 40 | €9,196 | €4,166 | -€5,030 | -54.7% |
| Other amounts receivable | 41 | €61,525 | €97,168 | +€35,643 | +57.9% |
| Cash at bank and in hand | 54/58 | €132,589 | €103,828 | -€28,761 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,984 | €2,706 | +€722 | +36.4% |
| Total equity and liabilities | 10/49 | €232,299 | €225,619 | -€6,680 | -2.9% |
| Equity | 10/15 | €198,590 | €192,217 | -€6,373 | -3.2% |
| 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 | €6,219 | €6,219 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €19 | €19 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,371 | €123,998 | -€6,373 | -4.9% |
| Amounts payable | 17/49 | €33,709 | €33,402 | -€307 | -0.9% |
| Amounts payable within one year | 42/48 | €33,709 | €33,402 | -€307 | -0.9% |
| Trade debts | 44 | €1,878 | €1,571 | -€307 | -16.3% |
| Suppliers | 440/4 | €1,878 | €1,571 | -€307 | -16.3% |
| Other amounts payable | 47/48 | €31,831 | €31,831 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,123 | €9,955 | -€168 | -1.7% |
| Other operating charges | 640/8 | €995 | €1,048 | +€53 | +5.3% |
| Gross operating margin | 9900 | €22,140 | €19,407 | -€2,733 | -12.3% |
| Operating profit (loss) | 9901 | €11,022 | €8,404 | -€2,618 | -23.8% |
| Financial income | 75/76B | €3,415 | €2,706 | -€709 | -20.8% |
| Recurring financial income | 75 | €3,415 | €2,706 | -€709 | -20.8% |
| Financial charges | 65/66B | €4,687 | €4,152 | -€535 | -11.4% |
| Recurring financial charges | 65 | €4,687 | €4,152 | -€535 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €9,750 | €6,958 | -€2,792 | -28.6% |
| Income taxes | 67/77 | €3,757 | €13,331 | +€9,574 | +255% |
| Profit (loss) for the period | 9904 | €5,993 | -€6,373 | -€12,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,993 | -€6,373 | -€12,366 |
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.