TRANSMEER: 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.
TRANSMEER
Largest movements
- Tangible fixed assets +€556,376
up €556,376 (+96.9%), from €574,416 to €1.1m
of which Leasing and similar rights: +€467,677
- Receivables within one year -€169,568
down €169,568 (-13.6%), from €1.2m to €1.1m
of which Other amounts receivable: -€258,407
- Cash +€131,778
up €131,778 (+195.7%), from €67,350 to €199,128
mainly Debts after one year (+€347,573) and Depreciation (+€308,369)
- Intangible fixed assets -€24,818
down €24,818 (-70.2%), from €35,364 to €10,545
- Debts after one year +€347,573
up €347,573 (+97.7%), from €355,871 to €703,444
- Tax, wage and social debts -€147,830
down €147,830 (-29.6%), from €498,898 to €351,068
of which Taxes: -€200,750
- Other debts +€122,062
up €122,062 (+27.2%), from €448,513 to €570,576
- Current portion of long-term debt +€115,983
up €115,983 (+75.4%), from €153,892 to €269,875
- Trade debts +€46,937
up €46,937 (+13.8%), from €339,998 to €386,935
- Gross operating margin +€359,521
up €359,521 (+15.0%), from €2.4m to €2.8m
- Staff costs +€315,531
up €315,531 (+16.0%), from €2.0m to €2.3m
- Depreciation +€125,287
up €125,287 (+68.4%), from €183,083 to €308,369
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.
Cash bridge derived
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 | €1,993,535 | €2,463,838 | +€470,303 | +23.6% |
| Fixed assets | 21/28 | €626,693 | €1,158,250 | +€531,558 | +84.8% |
| Intangible fixed assets | 21 | €35,364 | €10,545 | -€24,818 | -70.2% |
| Tangible fixed assets | 22/27 | €574,416 | €1,130,792 | +€556,376 | +96.9% |
| Plant, machinery and equipment | 23 | €17,930 | €14,862 | -€3,068 | -17.1% |
| Furniture and vehicles | 24 | €21,027 | €112,794 | +€91,767 | +436.4% |
| Leasing and similar rights | 25 | €535,459 | €1,003,137 | +€467,677 | +87.3% |
| Financial fixed assets | 28 | €16,913 | €16,913 | = | 0.0% |
| Current assets | 29/58 | €1,366,842 | €1,305,588 | -€61,255 | -4.5% |
| Amounts receivable within one year | 40/41 | €1,248,847 | €1,079,279 | -€169,568 | -13.6% |
| Trade receivables | 40 | €741,494 | €830,333 | +€88,839 | +12.0% |
| Other amounts receivable | 41 | €507,353 | €248,945 | -€258,407 | -50.9% |
| Cash at bank and in hand | 54/58 | €67,350 | €199,128 | +€131,778 | +195.7% |
| Deferred charges and accrued income | 490/1 | €50,646 | €27,182 | -€23,464 | -46.3% |
| Total equity and liabilities | 10/49 | €1,993,535 | €2,463,838 | +€470,303 | +23.6% |
| Equity | 10/15 | €186,362 | €171,940 | -€14,422 | -7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,520 | €11,520 | = | 0.0% |
| Distributable reserves | 133 | €11,520 | €11,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,242 | €141,820 | -€14,422 | -9.2% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,797,173 | €2,281,898 | +€484,725 | +27.0% |
| Amounts payable after more than one year | 17 | €355,871 | €703,444 | +€347,573 | +97.7% |
| Financial debts | 170/4 | €355,871 | €703,444 | +€347,573 | +97.7% |
| Amounts payable within one year | 42/48 | €1,441,302 | €1,578,454 | +€137,152 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €153,892 | €269,875 | +€115,983 | +75.4% |
| Trade debts | 44 | €339,998 | €386,935 | +€46,937 | +13.8% |
| Suppliers | 440/4 | €339,998 | €386,935 | +€46,937 | +13.8% |
| Taxes, remuneration and social security | 45 | €498,898 | €351,068 | -€147,830 | -29.6% |
| Taxes | 450/3 | €270,614 | €69,864 | -€200,750 | -74.2% |
| Remuneration and social security | 454/9 | €228,283 | €281,204 | +€52,920 | +23.2% |
| Other amounts payable | 47/48 | €448,513 | €570,576 | +€122,062 | +27.2% |
| Non-recurring operating income | 76A | €41,811 | €86,158 | +€44,348 | +106.1% |
| Remuneration, social security and pensions | 62 | €1,966,678 | €2,282,208 | +€315,531 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,083 | €308,369 | +€125,287 | +68.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,872 | +€1,872 | |
| Other operating charges | 640/8 | €122,082 | €108,227 | -€13,855 | -11.3% |
| Non-recurring operating charges | 66A | €22,288 | €3,910 | -€18,378 | -82.5% |
| Gross operating margin | 9900 | €2,395,801 | €2,755,322 | +€359,521 | +15.0% |
| Operating profit (loss) | 9901 | €101,670 | €50,735 | -€50,935 | -50.1% |
| Financial income | 75/76B | €19,623 | €14,940 | -€4,683 | -23.9% |
| Recurring financial income | 75 | €19,623 | €14,940 | -€4,683 | -23.9% |
| Financial charges | 65/66B | €47,738 | €57,891 | +€10,153 | +21.3% |
| Recurring financial charges | 65 | €47,738 | €57,891 | +€10,153 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €73,554 | €7,784 | -€65,771 | -89.4% |
| Income taxes | 67/77 | €32,152 | €22,206 | -€9,947 | -30.9% |
| Profit (loss) for the period | 9904 | €41,402 | -€14,422 | -€55,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,402 | -€14,422 | -€55,824 |
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 12 October 2026 via checked.be.