TRANSPAAN: 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.
TRANSPAAN
Largest movements
- Cash +€52,393
up €52,393 (+27.6%), from €189,810 to €242,203
mainly Trade debts (+€50,440) and Net result for the year (+€39,375)
- Tangible fixed assets +€30,888
up €30,888 (+26.3%), from €117,229 to €148,117
of which Furniture and vehicles: +€37,669
- Stocks and contracts +€26,436
up €26,436 (+30.4%), from €86,946 to €113,382
- Trade debts +€50,440
up €50,440 (+251%), from €20,081 to €70,521
- Reserves +€39,375
up €39,375 (+11.3%), from €347,184 to €386,559
of which Distributable reserves: +€39,375
- Other debts +€25,475
up €25,475 (+220%), from €11,556 to €37,031
- Tax, wage and social debts -€9,199
down €9,199 (-36.3%), from €25,325 to €16,125
of which Taxes: -€10,199
- Gross operating margin -€26,125
down €26,125 (-20.1%), from €130,120 to €103,995
- Taxes -€12,143
down €12,143 (-39.3%), from €30,888 to €18,745
- Write-downs +€9,122
new in 2025: €9,122
- Other operating charges +€6,222
up €6,222 (+113%), from €5,507 to €11,728
- Depreciation +€2,610
up €2,610 (+10.7%), from €24,316 to €26,927
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 | €457,137 | €567,350 | +€110,213 | +24.1% |
| Fixed assets | 21/28 | €117,229 | €148,117 | +€30,888 | +26.3% |
| Tangible fixed assets | 22/27 | €117,229 | €148,117 | +€30,888 | +26.3% |
| Land and buildings | 22 | €20,793 | €20,726 | -€67 | -0.3% |
| Plant, machinery and equipment | 23 | €94,954 | €88,241 | -€6,713 | -7.1% |
| Furniture and vehicles | 24 | €1,481 | €39,150 | +€37,669 | +2,543% |
| Current assets | 29/58 | €339,908 | €419,233 | +€79,325 | +23.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €86,946 | €113,382 | +€26,436 | +30.4% |
| Stocks | 30/36 | €86,946 | €113,382 | +€26,436 | +30.4% |
| Amounts receivable within one year | 40/41 | €30,402 | €30,203 | -€199 | -0.7% |
| Trade receivables | 40 | €30,402 | €13,517 | -€16,885 | -55.5% |
| Other amounts receivable | 41 | - | €16,686 | +€16,686 | |
| Cash at bank and in hand | 54/58 | €189,810 | €242,203 | +€52,393 | +27.6% |
| Deferred charges and accrued income | 490/1 | €2,751 | €3,445 | +€694 | +25.2% |
| Total equity and liabilities | 10/49 | €457,137 | €567,350 | +€110,213 | +24.1% |
| Equity | 10/15 | €359,789 | €399,165 | +€39,375 | +10.9% |
| Contributions | 10/11 | €12,605 | €12,605 | = | 0.0% |
| Reserves | 13 | €347,184 | €386,559 | +€39,375 | +11.3% |
| Tax-exempt reserves | 132 | €21,547 | €21,547 | = | 0.0% |
| Distributable reserves | 133 | €325,637 | €365,012 | +€39,375 | +12.1% |
| Amounts payable | 17/49 | €97,348 | €168,186 | +€70,838 | +72.8% |
| Amounts payable after more than one year | 17 | €39,000 | €39,000 | = | 0.0% |
| Financial debts | 170/4 | €39,000 | €39,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,348 | €123,677 | +€65,329 | +112% |
| Current portion of amounts payable after more than one year | 42 | €1,387 | - | -€1,387 | |
| Trade debts | 44 | €20,081 | €70,521 | +€50,440 | +251% |
| Suppliers | 440/4 | €20,081 | €70,521 | +€50,440 | +251% |
| Taxes, remuneration and social security | 45 | €25,325 | €16,125 | -€9,199 | -36.3% |
| Taxes | 450/3 | €25,325 | €15,125 | -€10,199 | -40.3% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €11,556 | €37,031 | +€25,475 | +220% |
| Accrued charges and deferred income | 492/3 | - | €5,509 | +€5,509 | |
| Non-recurring operating income | 76A | - | €10,915 | +€10,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,316 | €26,927 | +€2,610 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,122 | +€9,122 | |
| Other operating charges | 640/8 | €5,507 | €11,728 | +€6,222 | +113% |
| Gross operating margin | 9900 | €130,120 | €103,995 | -€26,125 | -20.1% |
| Operating profit (loss) | 9901 | €100,297 | €56,219 | -€44,078 | -43.9% |
| Financial income | 75/76B | €16 | €1,902 | +€1,886 | +12,169% |
| Recurring financial income | 75 | €16 | €515 | +€500 | +3,223% |
| Non-recurring financial income | 76B | - | €1,387 | +€1,387 | |
| Financial charges | 65/66B | €1,760 | - | -€1,760 | |
| Recurring financial charges | 65 | €1,760 | - | -€1,760 | |
| Profit (loss) for the period before taxes | 9903 | €98,552 | €58,120 | -€40,432 | -41.0% |
| Income taxes | 67/77 | €30,888 | €18,745 | -€12,143 | -39.3% |
| Profit (loss) for the period | 9904 | €67,664 | €39,375 | -€28,289 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,664 | €39,375 | -€28,289 | -41.8% |
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 13 October 2026 via checked.be.