TRANSREP: 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.
TRANSREP
Largest movements
- Receivables within one year +€121,383
up €121,383 (+52.0%), from €233,328 to €354,711
of which Trade receivables: +€75,399
- Cash -€38,831
down €38,831 (-81.5%), from €47,623 to €8,792
mainly Receivables within one year (-€121,383) and Tax, wage and social debts (-€56,752)
- Tangible fixed assets -€17,389
down €17,389 (-41.1%), from €42,295 to €24,906
of which Furniture and vehicles: -€17,389
- Trade debts +€118,648
up €118,648 (+11808.4%), from €1,005 to €119,652
- Tax, wage and social debts -€56,752
down €56,752 (-95.8%), from €59,222 to €2,470
of which Remuneration and social security: -€56,752
- Profit (loss) carried forward +€5,540
up €5,540 (+8.3%), from €66,470 to €72,009
- Gross operating margin -€323,355
down €323,355 (-69.6%), from €464,503 to €141,149
- Staff costs -€284,335
down €284,335 (-71.9%), from €395,231 to €110,895
- Depreciation -€12,270
down €12,270 (-45.7%), from €26,849 to €14,578
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 | €324,477 | €391,911 | +€67,435 | +20.8% |
| Fixed assets | 21/28 | €42,295 | €24,906 | -€17,389 | -41.1% |
| Tangible fixed assets | 22/27 | €42,295 | €24,906 | -€17,389 | -41.1% |
| Land and buildings | 22 | €6,225 | €6,225 | = | 0.0% |
| Furniture and vehicles | 24 | €36,070 | €18,681 | -€17,389 | -48.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €282,182 | €367,006 | +€84,824 | +30.1% |
| Amounts receivable within one year | 40/41 | €233,328 | €354,711 | +€121,383 | +52.0% |
| Trade receivables | 40 | €209,126 | €284,524 | +€75,399 | +36.1% |
| Other amounts receivable | 41 | €24,202 | €70,187 | +€45,985 | +190.0% |
| Cash at bank and in hand | 54/58 | €47,623 | €8,792 | -€38,831 | -81.5% |
| Deferred charges and accrued income | 490/1 | €1,231 | €3,503 | +€2,272 | +184.6% |
| Total equity and liabilities | 10/49 | €324,477 | €391,911 | +€67,435 | +20.8% |
| Equity | 10/15 | €264,250 | €269,789 | +€5,540 | +2.1% |
| Contributions | 10/11 | €179,800 | €179,800 | = | 0.0% |
| Capital | 10 | €179,800 | €179,800 | = | 0.0% |
| Issued capital | 100 | €179,800 | €179,800 | = | 0.0% |
| Reserves | 13 | €17,980 | €17,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,980 | €17,980 | = | 0.0% |
| Legal reserve | 130 | €17,980 | €17,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,470 | €72,009 | +€5,540 | +8.3% |
| Amounts payable | 17/49 | €60,227 | €122,122 | +€61,895 | +102.8% |
| Amounts payable within one year | 42/48 | €60,227 | €122,122 | +€61,895 | +102.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,005 | €119,652 | +€118,648 | +11808.4% |
| Suppliers | 440/4 | €1,005 | €119,652 | +€118,648 | +11808.4% |
| Taxes, remuneration and social security | 45 | €59,222 | €2,470 | -€56,752 | -95.8% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €59,222 | €2,470 | -€56,752 | -95.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,000 | €73,765 | +€71,765 | +3588.3% |
| Remuneration, social security and pensions | 62 | €395,231 | €110,895 | -€284,335 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,849 | €14,578 | -€12,270 | -45.7% |
| Other operating charges | 640/8 | €5,420 | €5,977 | +€557 | +10.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €464,503 | €141,149 | -€323,355 | -69.6% |
| Operating profit (loss) | 9901 | €37,004 | €9,698 | -€27,306 | -73.8% |
| Financial income | 75/76B | €0 | €124 | +€124 | +62130.0% |
| Recurring financial income | 75 | €0 | €124 | +€124 | +62130.0% |
| Financial charges | 65/66B | €4,257 | €3,040 | -€1,216 | -28.6% |
| Recurring financial charges | 65 | €4,257 | €3,040 | -€1,216 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €32,747 | €6,782 | -€25,965 | -79.3% |
| Income taxes | 67/77 | €332 | €1,242 | +€910 | +274.0% |
| Profit (loss) for the period | 9904 | €32,415 | €5,540 | -€26,875 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,415 | €5,540 | -€26,875 | -82.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.