TRANSP'OSE: 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.
TRANSP'OSE
Largest movements
- Stocks and contracts -€20,165
down €20,165 (-6.1%), from €331,219 to €311,054
- Tangible fixed assets +€7,931
up €7,931 (+61.0%), from €12,998 to €20,929
of which Plant, machinery and equipment: +€10,612
- Profit (loss) carried forward -€14,299
down €14,299 (-7.0%), from €202,829 to €188,530
- Other debts +€8,517
up €8,517 (+8.7%), from €98,407 to €106,924
- Tax, wage and social debts -€4,184
down €4,184 (-78.1%), from €5,355 to €1,171
of which Taxes: -€4,184
- Gross operating margin -€27,700
down €27,700, from €25,821 to -€1,879
- Write-downs -€16,977
down €16,977 (-76.1%), from €22,300 to €5,323
- Financial charges -€1,145
down €1,145 (-74.7%), from €1,532 to €387
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 | €356,981 | €344,012 | -€12,969 | -3.6% |
| Fixed assets | 21/28 | €17,528 | €24,326 | +€6,799 | +38.8% |
| Intangible fixed assets | 21 | €4,530 | €3,398 | -€1,133 | -25.0% |
| Tangible fixed assets | 22/27 | €12,998 | €20,929 | +€7,931 | +61.0% |
| Land and buildings | 22 | €10,977 | €10,091 | -€887 | -8.1% |
| Plant, machinery and equipment | 23 | - | €10,612 | +€10,612 | |
| Furniture and vehicles | 24 | €2,020 | €226 | -€1,794 | -88.8% |
| Current assets | 29/58 | €339,454 | €319,686 | -€19,768 | -5.8% |
| Stocks and contracts in progress | 3 | €331,219 | €311,054 | -€20,165 | -6.1% |
| Stocks | 30/36 | €331,219 | €311,054 | -€20,165 | -6.1% |
| Amounts receivable within one year | 40/41 | €2,783 | €2,460 | -€324 | -11.6% |
| Trade receivables | 40 | €2,783 | €2,003 | -€780 | -28.0% |
| Other amounts receivable | 41 | €0 | €456 | +€456 | |
| Current investments | 50/53 | €2,010 | €2,010 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,242 | €3,957 | +€714 | +22.0% |
| Deferred charges and accrued income | 490/1 | €199 | €206 | +€7 | +3.4% |
| Total equity and liabilities | 10/49 | €356,981 | €344,012 | -€12,969 | -3.6% |
| Equity | 10/15 | €223,280 | €208,981 | -€14,299 | -6.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,829 | €188,530 | -€14,299 | -7.0% |
| Amounts payable | 17/49 | €133,701 | €135,031 | +€1,330 | +1.0% |
| Amounts payable after more than one year | 17 | €4,645 | €4,645 | = | 0.0% |
| Financial debts | 170/4 | €4,645 | €4,645 | = | 0.0% |
| Amounts payable within one year | 42/48 | €129,056 | €130,387 | +€1,330 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,912 | €3,432 | -€480 | -12.3% |
| Credit institutions | 430/8 | €3,912 | €3,432 | -€480 | -12.3% |
| Trade debts | 44 | €21,382 | €18,859 | -€2,523 | -11.8% |
| Suppliers | 440/4 | €21,382 | €18,859 | -€2,523 | -11.8% |
| Taxes, remuneration and social security | 45 | €5,355 | €1,171 | -€4,184 | -78.1% |
| Taxes | 450/3 | €5,355 | €1,171 | -€4,184 | -78.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €98,407 | €106,924 | +€8,517 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,813 | €3,936 | +€123 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,300 | €5,323 | -€16,977 | -76.1% |
| Other operating charges | 640/8 | €2,535 | €2,634 | +€99 | +3.9% |
| Gross operating margin | 9900 | €25,821 | -€1,879 | -€27,700 | |
| Operating profit (loss) | 9901 | -€2,827 | -€13,772 | -€10,944 | -387.1% |
| Financial charges | 65/66B | €1,532 | €387 | -€1,145 | -74.7% |
| Recurring financial charges | 65 | €1,532 | €387 | -€1,145 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,359 | -€14,159 | -€9,799 | -224.8% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€4,499 | -€14,299 | -€9,801 | -217.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,499 | -€14,299 | -€9,801 | -217.9% |
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.