TRANSLOMAT: 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
TRANSLOMAT
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€47,188
2024 · €31,749-€78,937
Equity
€1.8m
2024 · €1.9m-€47,188
Cash
€555,622
2024 · €312,080+€243,541
Balance sheet total
€2.5m
2024 · €2.8m-€290,693
Largest movements
Assets
- Current investments -€350,000
down €350,000 (-76.9%), from €455,000 to €105,000
- Cash +€243,541
up €243,541 (+78.0%), from €312,080 to €555,622
mainly Depreciation (+€438,424) and Current investments (+€350,000)
- Tangible fixed assets -€207,231
down €207,231 (-12.6%), from €1.6m to €1.4m
of which Furniture and vehicles: -€128,371
Equity and liabilities
- Debts after one year -€233,926
down €233,926 (-56.1%), from €416,668 to €182,741
of which Financial debts: -€232,626
- Profit (loss) carried forward -€47,188
down €47,188 (-3.7%), from €1.3m to €1.2m
Income statement
- Staff costs +€113,420
up €113,420 (+8.9%), from €1.3m to €1.4m
- Gross operating margin +€35,012
up €35,012 (+1.9%), from €1.9m to €1.9m
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
€31,749
Gross operating margin
+€35,012
Staff costs
-€113,420
Depreciation
+€12,690
Write-downs
-€5,015
Other operating charges
-€9,722
Financial income
-€4,978
Financial charges
+€2,145
Taxes
+€4,350
Result 2025
-€47,188
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
+€377,709
Investment
+€119,342
Financing
-€253,509
Cash 2024
€312,080
From operations (derived)
+€377,709
Net result for the year
-€47,188
Depreciation
+€438,424
Stocks and contracts
-€8,215
Receivables within one year
-€9,024
Deferred charges and accrued income
-€6,292
Trade debts
+€1,504
Tax, wage and social debts
+€8,395
Other debts
+€105
Investment (derived)
+€119,342
Investment in fixed assets (net)
-€230,658
Current investments
+€350,000
Financing
-€253,509
Debts after one year
-€233,926
Current portion of long-term debt
-€19,583
Cash 2025
€555,622
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,813,964 | €2,523,271 | -€290,693 | -10.3% |
| Fixed assets | 21/28 | €1,653,034 | €1,445,268 | -€207,765 | -12.6% |
| Intangible fixed assets | 21 | €535 | - | -€535 | |
| Tangible fixed assets | 22/27 | €1,649,695 | €1,442,464 | -€207,231 | -12.6% |
| Land and buildings | 22 | €112,004 | €102,622 | -€9,382 | -8.4% |
| Plant, machinery and equipment | 23 | €811,210 | €743,819 | -€67,391 | -8.3% |
| Furniture and vehicles | 24 | €720,099 | €591,728 | -€128,371 | -17.8% |
| Other tangible fixed assets | 26 | €6,383 | €4,296 | -€2,086 | -32.7% |
| Financial fixed assets | 28 | €2,804 | €2,804 | = | 0.0% |
| Current assets | 29/58 | €1,160,930 | €1,078,003 | -€82,927 | -7.1% |
| Stocks and contracts in progress | 3 | €59,101 | €67,317 | +€8,215 | +13.9% |
| Stocks | 30/36 | €59,101 | €67,317 | +€8,215 | +13.9% |
| Amounts receivable within one year | 40/41 | €311,881 | €320,905 | +€9,024 | +2.9% |
| Trade receivables | 40 | €299,741 | €313,176 | +€13,435 | +4.5% |
| Other amounts receivable | 41 | €12,140 | €7,729 | -€4,411 | -36.3% |
| Current investments | 50/53 | €455,000 | €105,000 | -€350,000 | -76.9% |
| Cash at bank and in hand | 54/58 | €312,080 | €555,622 | +€243,541 | +78.0% |
| Deferred charges and accrued income | 490/1 | €22,867 | €29,159 | +€6,292 | +27.5% |
| Total equity and liabilities | 10/49 | €2,813,964 | €2,523,271 | -€290,693 | -10.3% |
| Equity | 10/15 | €1,874,334 | €1,827,146 | -€47,188 | -2.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €520,814 | €520,814 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €159,000 | €159,000 | = | 0.0% |
| Distributable reserves | 133 | €353,814 | €353,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,270,976 | €1,223,788 | -€47,188 | -3.7% |
| Investment grants | 15 | €2,544 | €2,544 | = | 0.0% |
| Amounts payable | 17/49 | €939,630 | €696,125 | -€243,505 | -25.9% |
| Amounts payable after more than one year | 17 | €416,668 | €182,741 | -€233,926 | -56.1% |
| Financial debts | 170/4 | €409,968 | €177,341 | -€232,626 | -56.7% |
| Other amounts payable | 178/9 | €6,700 | €5,400 | -€1,300 | -19.4% |
| Amounts payable within one year | 42/48 | €522,962 | €513,384 | -€9,579 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €252,209 | €232,626 | -€19,583 | -7.8% |
| Trade debts | 44 | €103,207 | €104,711 | +€1,504 | +1.5% |
| Suppliers | 440/4 | €103,207 | €104,711 | +€1,504 | +1.5% |
| Taxes, remuneration and social security | 45 | €167,546 | €175,941 | +€8,395 | +5.0% |
| Taxes | 450/3 | €36,540 | €14,477 | -€22,063 | -60.4% |
| Remuneration and social security | 454/9 | €131,006 | €161,464 | +€30,458 | +23.2% |
| Other amounts payable | 47/48 | - | €105 | +€105 | |
| Remuneration, social security and pensions | 62 | €1,276,328 | €1,389,748 | +€113,420 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451,114 | €438,424 | -€12,690 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,661 | €6,677 | +€5,015 | +302% |
| Other operating charges | 640/8 | €113,571 | €123,292 | +€9,722 | +8.6% |
| Gross operating margin | 9900 | €1,878,853 | €1,913,865 | +€35,012 | +1.9% |
| Operating profit (loss) | 9901 | €36,179 | -€44,276 | -€80,455 | |
| Financial income | 75/76B | €16,914 | €11,936 | -€4,978 | -29.4% |
| Recurring financial income | 75 | €16,914 | €11,936 | -€4,978 | -29.4% |
| Financial charges | 65/66B | €19,169 | €17,023 | -€2,145 | -11.2% |
| Recurring financial charges | 65 | €19,169 | €17,023 | -€2,145 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €33,925 | -€49,363 | -€83,288 | |
| Income taxes | 67/77 | €2,175 | -€2,175 | -€4,350 | |
| Profit (loss) for the period | 9904 | €31,749 | -€47,188 | -€78,937 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,749 | -€47,188 | -€78,937 |
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.