TRANSRA: 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.
TRANSRA
Largest movements
- Cash -€131,020
down €131,020 (-45.4%), from €288,327 to €157,307
mainly Receivables within one year (-€91,249) and Contributions, distributions and other (-€28,571)
- Receivables within one year +€91,249
up €91,249 (+23.0%), from €396,299 to €487,548
- Tax, wage and social debts -€20,239
down €20,239 (-26.9%), from €75,357 to €55,118
of which Taxes: -€19,841
- Trade debts -€12,557
down €12,557 (-3.8%), from €333,818 to €321,261
- Gross operating margin +€8,732
up €8,732 (+7.5%), from €116,899 to €125,631
- Staff costs +€1,929
up €1,929 (+2.2%), from €89,025 to €90,954
- Taxes +€1,310
up €1,310 (+19.4%), from €6,739 to €8,049
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 | €688,955 | €648,370 | -€40,585 | -5.9% |
| Fixed assets | 21/28 | €690 | €296 | -€394 | -57.1% |
| Tangible fixed assets | 22/27 | €690 | €296 | -€394 | -57.1% |
| Furniture and vehicles | 24 | €690 | €296 | -€394 | -57.1% |
| Current assets | 29/58 | €688,266 | €648,074 | -€40,191 | -5.8% |
| Amounts receivable within one year | 40/41 | €396,299 | €487,548 | +€91,249 | +23.0% |
| Trade receivables | 40 | €396,299 | €487,548 | +€91,249 | +23.0% |
| Cash at bank and in hand | 54/58 | €288,327 | €157,307 | -€131,020 | -45.4% |
| Deferred charges and accrued income | 490/1 | €3,639 | €3,219 | -€420 | -11.6% |
| Total equity and liabilities | 10/49 | €688,955 | €648,370 | -€40,585 | -5.9% |
| Equity | 10/15 | €249,320 | €243,419 | -€5,901 | -2.4% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,120 | €175,219 | -€5,901 | -3.3% |
| Amounts payable | 17/49 | €439,635 | €404,951 | -€34,685 | -7.9% |
| Amounts payable within one year | 42/48 | €437,747 | €404,951 | -€32,796 | -7.5% |
| Trade debts | 44 | €333,818 | €321,261 | -€12,557 | -3.8% |
| Suppliers | 440/4 | €333,818 | €321,261 | -€12,557 | -3.8% |
| Taxes, remuneration and social security | 45 | €75,357 | €55,118 | -€20,239 | -26.9% |
| Taxes | 450/3 | €61,662 | €41,821 | -€19,841 | -32.2% |
| Remuneration and social security | 454/9 | €13,695 | €13,297 | -€398 | -2.9% |
| Other amounts payable | 47/48 | €28,571 | €28,571 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,889 | - | -€1,889 | |
| Remuneration, social security and pensions | 62 | €89,025 | €90,954 | +€1,929 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €394 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,752 | €2,969 | +€218 | +7.9% |
| Gross operating margin | 9900 | €116,899 | €125,631 | +€8,732 | +7.5% |
| Operating profit (loss) | 9901 | €24,728 | €31,313 | +€6,585 | +26.6% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €263 | €594 | +€330 | +125.5% |
| Recurring financial charges | 65 | €263 | €594 | +€330 | +125.5% |
| Profit (loss) for the period before taxes | 9903 | €24,468 | €30,720 | +€6,252 | +25.5% |
| Income taxes | 67/77 | €6,739 | €8,049 | +€1,310 | +19.4% |
| Profit (loss) for the period | 9904 | €17,729 | €22,671 | +€4,942 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,729 | €22,671 | +€4,942 | +27.9% |
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 4 October 2026 via checked.be.