TRANSLEDEGEM: 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.
TRANSLEDEGEM
Largest movements
- Receivables within one year +€169,688
up €169,688 (+15.6%), from €1.1m to €1.3m
of which Trade receivables: +€157,376
- Cash +€80,356
up €80,356 (+3.1%), from €2.6m to €2.7m
mainly Net result for the year (+€350,380) and Trade debts (+€170,449)
- Tangible fixed assets -€46,533
down €46,533 (-30.5%), from €152,698 to €106,166
of which Furniture and vehicles: -€43,973
- Trade debts +€170,449
up €170,449 (+17.6%), from €965,886 to €1.1m
- Reserves +€94,881
up €94,881 (+3.8%), from €2.5m to €2.6m
of which Distributable reserves: +€94,881
- Other debts -€47,444
down €47,444 (-15.3%), from €309,656 to €262,212
- Financial income -€36,153
down €36,153 (-39.6%), from €91,373 to €55,219
- Gross operating margin +€33,986
up €33,986 (+3.8%), from €887,939 to €921,925
- Staff costs +€21,106
up €21,106 (+5.4%), from €391,825 to €412,931
- Depreciation -€10,752
down €10,752 (-18.8%), from €57,285 to €46,533
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 | €3,924,671 | €4,119,515 | +€194,844 | +5.0% |
| Fixed assets | 21/28 | €152,698 | €106,166 | -€46,533 | -30.5% |
| Tangible fixed assets | 22/27 | €152,698 | €106,166 | -€46,533 | -30.5% |
| Land and buildings | 22 | €14,183 | €11,623 | -€2,560 | -18.0% |
| Furniture and vehicles | 24 | €138,515 | €94,542 | -€43,973 | -31.7% |
| Current assets | 29/58 | €3,771,973 | €4,013,349 | +€241,376 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,087,479 | €1,257,167 | +€169,688 | +15.6% |
| Trade receivables | 40 | €1,070,692 | €1,228,068 | +€157,376 | +14.7% |
| Other amounts receivable | 41 | €16,787 | €29,099 | +€12,312 | +73.3% |
| Cash at bank and in hand | 54/58 | €2,633,445 | €2,713,800 | +€80,356 | +3.1% |
| Deferred charges and accrued income | 490/1 | €51,050 | €42,382 | -€8,668 | -17.0% |
| Total equity and liabilities | 10/49 | €3,924,671 | €4,119,515 | +€194,844 | +5.0% |
| Equity | 10/15 | €2,573,852 | €2,668,733 | +€94,881 | +3.7% |
| 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 | €2,511,852 | €2,606,733 | +€94,881 | +3.8% |
| Non-distributable reserves | 130/1 | €19,753 | €19,753 | = | 0.0% |
| Legal reserve | 130 | €19,753 | €19,753 | = | 0.0% |
| Tax-exempt reserves | 132 | €353,151 | €353,151 | = | 0.0% |
| Distributable reserves | 133 | €2,138,949 | €2,233,830 | +€94,881 | +4.4% |
| Amounts payable | 17/49 | €1,350,819 | €1,450,781 | +€99,962 | +7.4% |
| Amounts payable within one year | 42/48 | €1,323,421 | €1,450,781 | +€127,360 | +9.6% |
| Trade debts | 44 | €965,886 | €1,136,335 | +€170,449 | +17.6% |
| Suppliers | 440/4 | €965,886 | €1,136,335 | +€170,449 | +17.6% |
| Taxes, remuneration and social security | 45 | €47,879 | €52,234 | +€4,355 | +9.1% |
| Taxes | 450/3 | €5,766 | €4,173 | -€1,592 | -27.6% |
| Remuneration and social security | 454/9 | €42,113 | €48,060 | +€5,947 | +14.1% |
| Other amounts payable | 47/48 | €309,656 | €262,212 | -€47,444 | -15.3% |
| Accrued charges and deferred income | 492/3 | €27,398 | - | -€27,398 | |
| Remuneration, social security and pensions | 62 | €391,825 | €412,931 | +€21,106 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,285 | €46,533 | -€10,752 | -18.8% |
| Other operating charges | 640/8 | €4,021 | €4,493 | +€472 | +11.7% |
| Gross operating margin | 9900 | €887,939 | €921,925 | +€33,986 | +3.8% |
| Operating profit (loss) | 9901 | €434,808 | €457,968 | +€23,161 | +5.3% |
| Financial income | 75/76B | €91,373 | €55,219 | -€36,153 | -39.6% |
| Recurring financial income | 75 | €91,373 | €55,219 | -€36,153 | -39.6% |
| Financial charges | 65/66B | €1,123 | €1,150 | +€27 | +2.4% |
| Recurring financial charges | 65 | €1,123 | €1,150 | +€27 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €525,058 | €512,038 | -€13,020 | -2.5% |
| Income taxes | 67/77 | €165,859 | €161,658 | -€4,201 | -2.5% |
| Profit (loss) for the period | 9904 | €359,199 | €350,380 | -€8,818 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €359,199 | €350,380 | -€8,818 | -2.5% |
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 26 October 2026 via checked.be.