TRANSIRO: 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.
TRANSIRO
Largest movements
- Receivables after one year -€75,000
no longer reported in 2025 (was €75,000)
- Cash +€24,864
up €24,864 (+101%), from €24,514 to €49,378
mainly Receivables after one year (+€75,000) and Net result for the year (+€20,802)
- Tangible fixed assets -€15,881
down €15,881 (-22.9%), from €69,238 to €53,356
of which Furniture and vehicles: -€11,496
- Receivables within one year +€12,125
up €12,125 (+81.8%), from €14,821 to €26,946
of which Other amounts receivable: +€10,084
- Reserves -€56,647
down €56,647 (-26.3%), from €215,687 to €159,040
- Gross operating margin +€15,975
up €15,975 (+53.1%), from €30,091 to €46,066
- Taxes +€3,460
up €3,460 (+66.3%), from €5,219 to €8,679
- Financial income -€2,150
down €2,150 (-100.0%), from €2,150 to €0
- Depreciation +€716
up €716 (+4.7%), from €15,165 to €15,881
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 | €238,913 | €185,021 | -€53,892 | -22.6% |
| Fixed assets | 21/28 | €69,238 | €53,356 | -€15,881 | -22.9% |
| Tangible fixed assets | 22/27 | €69,238 | €53,356 | -€15,881 | -22.9% |
| Plant, machinery and equipment | 23 | €15,972 | €11,587 | -€4,385 | -27.5% |
| Furniture and vehicles | 24 | €53,265 | €41,769 | -€11,496 | -21.6% |
| Current assets | 29/58 | €169,676 | €131,665 | -€38,011 | -22.4% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | €75,000 | - | -€75,000 | |
| Amounts receivable within one year | 40/41 | €14,821 | €26,946 | +€12,125 | +81.8% |
| Trade receivables | 40 | €8,985 | €11,026 | +€2,041 | +22.7% |
| Other amounts receivable | 41 | €5,836 | €15,920 | +€10,084 | +173% |
| Current investments | 50/53 | €55,341 | €55,341 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,514 | €49,378 | +€24,864 | +101% |
| Total equity and liabilities | 10/49 | €238,913 | €185,021 | -€53,892 | -22.6% |
| Equity | 10/15 | €228,087 | €171,440 | -€56,647 | -24.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €215,687 | €159,040 | -€56,647 | -26.3% |
| Distributable reserves | 133 | €215,687 | €159,040 | -€56,647 | -26.3% |
| Amounts payable | 17/49 | €10,826 | €13,580 | +€2,755 | +25.4% |
| Amounts payable within one year | 42/48 | €10,426 | €13,580 | +€3,154 | +30.3% |
| Trade debts | 44 | €2,411 | €4,459 | +€2,048 | +84.9% |
| Suppliers | 440/4 | €2,411 | €4,459 | +€2,048 | +84.9% |
| Taxes, remuneration and social security | 45 | €5,838 | €6,018 | +€180 | +3.1% |
| Taxes | 450/3 | €5,838 | €6,018 | +€180 | +3.1% |
| Other amounts payable | 47/48 | €2,177 | €3,103 | +€927 | +42.6% |
| Accrued charges and deferred income | 492/3 | €399 | - | -€399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,165 | €15,881 | +€716 | +4.7% |
| Other operating charges | 640/8 | €517 | €699 | +€182 | +35.1% |
| Gross operating margin | 9900 | €30,091 | €46,066 | +€15,975 | +53.1% |
| Operating profit (loss) | 9901 | €14,408 | €29,485 | +€15,077 | +105% |
| Financial income | 75/76B | €2,150 | €0 | -€2,150 | -100.0% |
| Recurring financial income | 75 | €2,150 | €0 | -€2,150 | -100.0% |
| Financial charges | 65/66B | - | €4 | +€4 | |
| Recurring financial charges | 65 | - | €4 | +€4 | |
| Profit (loss) for the period before taxes | 9903 | €16,559 | €29,481 | +€12,922 | +78.0% |
| Income taxes | 67/77 | €5,219 | €8,679 | +€3,460 | +66.3% |
| Profit (loss) for the period | 9904 | €11,340 | €20,802 | +€9,462 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,340 | €20,802 | +€9,462 | +83.4% |
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 16 October 2026 via checked.be.