TRANSLAGA: 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.
What changed
TRANSLAGA
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€59,992
2024 · €58,602+€1,389
Equity
€407,974
2024 · €348,753+€59,221
Cash
€23,344
2024 · €8,682+€14,662
Balance sheet total
€2.2m
2024 · €1.9m+€338,513
Largest movements
Assets
- Tangible fixed assets +€351,648
up €351,648 (+41.7%), from €843,693 to €1.2m
of which Leasing and similar rights: +€291,570
- Receivables within one year -€22,022
down €22,022 (-5.7%), from €383,516 to €361,494
of which Trade receivables: -€42,463
Equity and liabilities
- Debts after one year +€236,976
up €236,976 (+26.2%), from €903,210 to €1.1m
- Current portion of long-term debt +€70,511
up €70,511 (+50.9%), from €138,648 to €209,159
- Reserves +€59,992
up €59,992 (+17.6%), from €341,783 to €401,774
of which Distributable reserves: +€62,879
- Trade debts -€27,535
down €27,535 (-12.6%), from €219,234 to €191,699
- Tax, wage and social debts -€23,107
down €23,107 (-31.6%), from €73,227 to €50,120
of which Taxes: -€21,941
Income statement
- Gross operating margin +€99,687
up €99,687 (+20.9%), from €476,516 to €576,203
- Depreciation +€54,289
up €54,289 (+45.0%), from €120,712 to €175,001
- Staff costs +€48,648
up €48,648 (+21.0%), from €231,763 to €280,411
- Taxes -€6,947
down €6,947 (-27.4%), from €25,318 to €18,370
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.
Result 2024
€58,602
Gross operating margin
+€99,687
Staff costs
-€48,648
Depreciation
-€54,289
Write-downs
+€1,251
Other operating charges
+€3
Financial income
+€381
Financial charges
-€3,943
Taxes
+€6,947
Result 2025
€59,992
raises the resultlowers the result
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.
From operations
+€236,226
Investment
-€535,470
Financing
+€313,906
Cash 2024
€8,682
From operations (derived)
+€236,226
Net result for the year
+€59,992
Depreciation
+€175,001
Stocks and contracts
+€18,379
Receivables within one year
+€22,022
Deferred charges and accrued income
-€3,783
Smaller working-capital items
-€888
Trade debts
-€27,535
Tax, wage and social debts
-€23,107
Accrued charges and deferred income
+€16,145
Investment (derived)
-€535,470
Investment in fixed assets (net)
-€535,470
Financing
+€313,906
Debts after one year
+€236,976
Current portion of long-term debt
+€70,511
Short-term financial debts
+€7,189
Contributions, distributions and other
-€770
Cash 2025
€23,344
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,852,019 | €2,190,532 | +€338,513 | +18.3% |
| Fixed assets | 21/28 | €1,407,693 | €1,768,161 | +€360,469 | +25.6% |
| Intangible fixed assets | 21 | - | €7,271 | +€7,271 | |
| Tangible fixed assets | 22/27 | €843,693 | €1,195,342 | +€351,648 | +41.7% |
| Land and buildings | 22 | €476,488 | €449,698 | -€26,791 | -5.6% |
| Plant, machinery and equipment | 23 | €41,370 | €33,923 | -€7,448 | -18.0% |
| Furniture and vehicles | 24 | €310,116 | €404,932 | +€94,816 | +30.6% |
| Leasing and similar rights | 25 | €14,670 | €306,240 | +€291,570 | +1,988% |
| Other tangible fixed assets | 26 | €1,048 | €549 | -€499 | -47.6% |
| Financial fixed assets | 28 | €563,999 | €565,549 | +€1,550 | +0.3% |
| Current assets | 29/58 | €444,327 | €422,370 | -€21,956 | -4.9% |
| Stocks and contracts in progress | 3 | €19,378 | €999 | -€18,379 | -94.8% |
| Stocks | 30/36 | €19,378 | €999 | -€18,379 | -94.8% |
| Amounts receivable within one year | 40/41 | €383,516 | €361,494 | -€22,022 | -5.7% |
| Trade receivables | 40 | €325,680 | €283,217 | -€42,463 | -13.0% |
| Other amounts receivable | 41 | €57,836 | €78,277 | +€20,441 | +35.3% |
| Cash at bank and in hand | 54/58 | €8,682 | €23,344 | +€14,662 | +169% |
| Deferred charges and accrued income | 490/1 | €32,750 | €36,533 | +€3,783 | +11.6% |
| Total equity and liabilities | 10/49 | €1,852,019 | €2,190,532 | +€338,513 | +18.3% |
| Equity | 10/15 | €348,753 | €407,974 | +€59,221 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €341,783 | €401,774 | +€59,992 | +17.6% |
| Tax-exempt reserves | 132 | €19,966 | €17,078 | -€2,888 | -14.5% |
| Distributable reserves | 133 | €321,817 | €384,696 | +€62,879 | +19.5% |
| Investment grants | 15 | €770 | €0 | -€770 | -100% |
| Provisions and deferred taxes | 16 | €2,616 | €1,653 | -€963 | -36.8% |
| Deferred taxes | 168 | €2,616 | €1,653 | -€963 | -36.8% |
| Amounts payable | 17/49 | €1,500,650 | €1,780,904 | +€280,254 | +18.7% |
| Amounts payable after more than one year | 17 | €903,210 | €1,140,185 | +€236,976 | +26.2% |
| Financial debts | 170/4 | €903,210 | €1,140,185 | +€236,976 | +26.2% |
| Amounts payable within one year | 42/48 | €584,679 | €611,812 | +€27,133 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €138,648 | €209,159 | +€70,511 | +50.9% |
| Financial debts | 43 | €1,625 | €8,814 | +€7,189 | +442% |
| Credit institutions | 430/8 | €1,625 | €8,814 | +€7,189 | +442% |
| Trade debts | 44 | €219,234 | €191,699 | -€27,535 | -12.6% |
| Suppliers | 440/4 | €219,234 | €191,699 | -€27,535 | -12.6% |
| Taxes, remuneration and social security | 45 | €73,227 | €50,120 | -€23,107 | -31.6% |
| Taxes | 450/3 | €44,769 | €22,828 | -€21,941 | -49.0% |
| Remuneration and social security | 454/9 | €28,458 | €27,292 | -€1,165 | -4.1% |
| Other amounts payable | 47/48 | €151,945 | €152,019 | +€74 | 0.0% |
| Accrued charges and deferred income | 492/3 | €12,762 | €28,907 | +€16,145 | +127% |
| Remuneration, social security and pensions | 62 | €231,763 | €280,411 | +€48,648 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,712 | €175,001 | +€54,289 | +45.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,251 | €0 | -€1,251 | -100% |
| Other operating charges | 640/8 | €9,826 | €9,823 | -€3 | 0.0% |
| Gross operating margin | 9900 | €476,516 | €576,203 | +€99,687 | +20.9% |
| Operating profit (loss) | 9901 | €112,964 | €110,968 | -€1,996 | -1.8% |
| Financial income | 75/76B | €5,359 | €5,739 | +€381 | +7.1% |
| Recurring financial income | 75 | €5,359 | €5,739 | +€381 | +7.1% |
| Financial charges | 65/66B | €35,365 | €39,308 | +€3,943 | +11.1% |
| Recurring financial charges | 65 | €35,365 | €39,308 | +€3,943 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €82,957 | €77,399 | -€5,558 | -6.7% |
| Transfer from deferred taxes | 780 | €963 | €963 | = | 0.0% |
| Income taxes | 67/77 | €25,318 | €18,370 | -€6,947 | -27.4% |
| Profit (loss) for the period | 9904 | €58,602 | €59,992 | +€1,389 | +2.4% |
| Transfer from tax-exempt reserves | 789 | €2,888 | €2,888 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €61,490 | €62,879 | +€1,389 | +2.3% |
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 21 October 2026 via checked.be.