TRANSNATE: what changed
Two fiscal 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.
TRANSNATE
Largest movements
- Intangible fixed assets -€28,889
down €28,889 (-28.6%), from €101,065 to €72,176
- Receivables within one year -€4,372
down €4,372 (-8.8%), from €49,957 to €45,585
of which Other amounts receivable: -€10,204
- Current portion of long-term debt -€34,138
no longer reported in 2025 (was €34,138)
- Gross operating margin -€8,056
down €8,056 (-16.7%), from €48,141 to €40,085
- Staff costs -€3,416
no longer reported in 2025 (was €3,416)
- Other operating charges +€1,830
up €1,830 (+141.1%), from €1,297 to €3,126
- Taxes -€1,644
no longer reported in 2025 (was €1,644)
- Financial charges -€1,476
down €1,476 (-15.6%), from €9,435 to €7,960
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 | €224,322 | €189,998 | -€34,324 | -15.3% |
| Fixed assets | 21/28 | €120,490 | €91,601 | -€28,889 | -24.0% |
| Intangible fixed assets | 21 | €101,065 | €72,176 | -€28,889 | -28.6% |
| Tangible fixed assets | 22/27 | €3,325 | €3,325 | = | 0.0% |
| Furniture and vehicles | 24 | €3,325 | €3,325 | = | 0.0% |
| Financial fixed assets | 28 | €16,100 | €16,100 | = | 0.0% |
| Current assets | 29/58 | €103,831 | €98,397 | -€5,435 | -5.2% |
| Amounts receivable after more than one year | 29 | €44,000 | €44,000 | = | 0.0% |
| Other amounts receivable | 291 | €44,000 | €44,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,957 | €45,585 | -€4,372 | -8.8% |
| Trade receivables | 40 | €25,448 | €31,280 | +€5,832 | +22.9% |
| Other amounts receivable | 41 | €24,509 | €14,304 | -€10,204 | -41.6% |
| Cash at bank and in hand | 54/58 | €9,875 | €8,812 | -€1,063 | -10.8% |
| Total equity and liabilities | 10/49 | €224,322 | €189,998 | -€34,324 | -15.3% |
| Equity | 10/15 | €30,666 | €30,874 | +€208 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,008 | €27,008 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,148 | €25,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,542 | -€2,334 | +€208 | +8.2% |
| Amounts payable | 17/49 | €193,656 | €159,124 | -€34,532 | -17.8% |
| Amounts payable after more than one year | 17 | €156,173 | €156,173 | = | 0.0% |
| Financial debts | 170/4 | €156,173 | €156,173 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,483 | €2,951 | -€34,532 | -92.1% |
| Current portion of amounts payable after more than one year | 42 | €34,138 | - | -€34,138 | |
| Taxes, remuneration and social security | 45 | €3,345 | €2,951 | -€393 | -11.8% |
| Taxes | 450/3 | €3,345 | €2,951 | -€393 | -11.8% |
| Remuneration, social security and pensions | 62 | €3,416 | - | -€3,416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,991 | €28,889 | -€1,102 | -3.7% |
| Other operating charges | 640/8 | €1,297 | €3,126 | +€1,830 | +141.1% |
| Gross operating margin | 9900 | €48,141 | €40,085 | -€8,056 | -16.7% |
| Operating profit (loss) | 9901 | €13,437 | €8,069 | -€5,368 | -39.9% |
| Financial income | 75/76B | - | €99 | +€99 | |
| Recurring financial income | 75 | - | €99 | +€99 | |
| Financial charges | 65/66B | €9,435 | €7,960 | -€1,476 | -15.6% |
| Recurring financial charges | 65 | €9,435 | €7,960 | -€1,476 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €4,002 | €208 | -€3,794 | -94.8% |
| Income taxes | 67/77 | €1,644 | - | -€1,644 | |
| Profit (loss) for the period | 9904 | €2,358 | €208 | -€2,150 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,358 | €208 | -€2,150 | -91.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.