Transpico: 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.
What changed
Transpico
NACE 49.420, Removal services
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€176,555
2025 · €903,515-€726,960
Equity
€2.0m
2025 · €2.0m-€23,445
Cash
€366,690
2025 · €524,124-€157,433
Balance sheet total
€3.4m
2025 · €4.0m-€512,703
Largest movements
Assets
- Receivables within one year -€572,779
down €572,779 (-27.4%), from €2.1m to €1.5m
of which Trade receivables: -€549,806
- Cash -€157,433
down €157,433 (-30.0%), from €524,124 to €366,690
mainly Investment in fixed assets (net) (-€609,690) and Other debts (-€559,463)
- Tangible fixed assets +€101,361
up €101,361 (+7.6%), from €1.3m to €1.4m
of which Leasing and similar rights: +€153,602
- Intangible fixed assets +€77,308
new in 2026: €77,308
Equity and liabilities
- Other debts -€559,463
down €559,463 (-72.9%), from €767,888 to €208,426
- Debts after one year +€117,155
new in 2026: €117,155
- Trade debts -€74,968
down €74,968 (-10.1%), from €738,678 to €663,710
Income statement
- Gross operating margin -€932,653
down €932,653 (-22.4%), from €4.2m to €3.2m
- Taxes -€269,975
down €269,975 (-77.0%), from €350,538 to €80,563
- Depreciation +€85,468
up €85,468 (+24.7%), from €345,687 to €431,156
From the 2025 result to the 2026 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 2025
€903,515
Gross operating margin
-€932,653
Staff costs
+€36,110
Depreciation
-€85,468
Write-downs
+€327
Other operating charges
-€6,090
Other operating items
-€8,408
Financial income
-€216
Financial charges
-€537
Taxes
+€269,975
Result 2026
€176,555
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€502,030
Investment
-€609,690
Financing
-€49,774
Cash 2025
€524,124
From operations (derived)
+€502,030
Net result for the year
+€176,555
Depreciation
+€431,156
Receivables within one year
+€572,779
Deferred charges and accrued income
-€38,975
Trade debts
-€74,968
Tax, wage and social debts
-€5,206
Other debts
-€559,463
Accrued charges and deferred income
+€152
Investment (derived)
-€609,690
Investment in fixed assets (net)
-€609,690
Financing
-€49,774
Debts after one year
+€117,155
Current portion of long-term debt
+€33,072
Contributions, distributions and other
-€200,000
Cash 2026
€366,690
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,960,214 | €3,447,511 | -€512,703 | -12.9% |
| Fixed assets | 21/28 | €1,342,506 | €1,521,040 | +€178,534 | +13.3% |
| Intangible fixed assets | 21 | - | €77,308 | +€77,308 | |
| Tangible fixed assets | 22/27 | €1,341,524 | €1,442,885 | +€101,361 | +7.6% |
| Plant, machinery and equipment | 23 | €48,040 | €29,677 | -€18,364 | -38.2% |
| Furniture and vehicles | 24 | €1,184,633 | €1,173,718 | -€10,915 | -0.9% |
| Leasing and similar rights | 25 | - | €153,602 | +€153,602 | |
| Other tangible fixed assets | 26 | €101,951 | €85,889 | -€16,062 | -15.8% |
| Assets under construction and advance payments | 27 | €6,900 | - | -€6,900 | |
| Financial fixed assets | 28 | €982 | €847 | -€135 | -13.7% |
| Current assets | 29/58 | €2,617,708 | €1,926,471 | -€691,237 | -26.4% |
| Amounts receivable within one year | 40/41 | €2,091,026 | €1,518,248 | -€572,779 | -27.4% |
| Trade receivables | 40 | €2,000,904 | €1,451,098 | -€549,806 | -27.5% |
| Other amounts receivable | 41 | €90,123 | €67,150 | -€22,973 | -25.5% |
| Cash at bank and in hand | 54/58 | €524,124 | €366,690 | -€157,433 | -30.0% |
| Deferred charges and accrued income | 490/1 | €2,558 | €41,533 | +€38,975 | +1523.7% |
| Total equity and liabilities | 10/49 | €3,960,214 | €3,447,511 | -€512,703 | -12.9% |
| Equity | 10/15 | €2,033,255 | €2,009,809 | -€23,445 | -1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,971,255 | €1,947,809 | -€23,445 | -1.2% |
| Non-distributable reserves | 130/1 | €53,791 | €53,791 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €47,591 | €47,591 | = | 0.0% |
| Tax-exempt reserves | 132 | €352,953 | €352,953 | = | 0.0% |
| Distributable reserves | 133 | €1,564,511 | €1,541,065 | -€23,445 | -1.5% |
| Amounts payable | 17/49 | €1,926,959 | €1,437,702 | -€489,258 | -25.4% |
| Amounts payable after more than one year | 17 | - | €117,155 | +€117,155 | |
| Financial debts | 170/4 | - | €117,155 | +€117,155 | |
| Amounts payable within one year | 42/48 | €1,926,959 | €1,320,395 | -€606,564 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | - | €33,072 | +€33,072 | |
| Trade debts | 44 | €738,678 | €663,710 | -€74,968 | -10.1% |
| Suppliers | 440/4 | €738,678 | €663,710 | -€74,968 | -10.1% |
| Taxes, remuneration and social security | 45 | €420,393 | €415,188 | -€5,206 | -1.2% |
| Taxes | 450/3 | €24,309 | €44,340 | +€20,031 | +82.4% |
| Remuneration and social security | 454/9 | €396,085 | €370,848 | -€25,237 | -6.4% |
| Other amounts payable | 47/48 | €767,888 | €208,426 | -€559,463 | -72.9% |
| Accrued charges and deferred income | 492/3 | - | €152 | +€152 | |
| Non-recurring operating income | 76A | €47,000 | €33,500 | -€13,500 | -28.7% |
| Remuneration, social security and pensions | 62 | €2,509,796 | €2,473,686 | -€36,110 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345,687 | €431,156 | +€85,468 | +24.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,302 | €1,975 | -€327 | -14.2% |
| Other operating charges | 640/8 | €51,158 | €57,248 | +€6,090 | +11.9% |
| Non-recurring operating charges | 66A | - | €8,408 | +€8,408 | |
| Gross operating margin | 9900 | €4,169,381 | €3,236,727 | -€932,653 | -22.4% |
| Operating profit (loss) | 9901 | €1,260,438 | €264,255 | -€996,183 | -79.0% |
| Financial income | 75/76B | €216 | €0 | -€216 | -100.0% |
| Recurring financial income | 75 | €216 | €0 | -€216 | -100.0% |
| Financial charges | 65/66B | €6,602 | €7,138 | +€537 | +8.1% |
| Recurring financial charges | 65 | €6,602 | €7,138 | +€537 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €1,254,053 | €257,117 | -€996,935 | -79.5% |
| Income taxes | 67/77 | €350,538 | €80,563 | -€269,975 | -77.0% |
| Profit (loss) for the period | 9904 | €903,515 | €176,555 | -€726,960 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €903,515 | €176,555 | -€726,960 | -80.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.