Transspeed: 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.
Transspeed
Largest movements
- Cash +€136,987
up €136,987 (+138%), from €99,154 to €236,141
mainly Net result for the year (+€147,587) and Depreciation (+€53,641)
- Deferred charges and accrued income -€15,419
down €15,419 (-75.4%), from €20,464 to €5,044
- Reserves +€97,587
up €97,587 (+54.5%), from €179,004 to €276,591
of which Distributable reserves: +€97,587
- Accrued charges and deferred income +€30,973
up €30,973 (+10,048%), from €308 to €31,281
- Debts after one year -€16,212
down €16,212 (-8.3%), from €195,558 to €179,346
- Gross operating margin +€71,706
up €71,706 (+9.7%), from €739,150 to €810,856
- Staff costs -€65,992
down €65,992 (-16.7%), from €395,801 to €329,809
- Write-downs +€34,354
new in 2025: €34,354
- Taxes +€22,643
up €22,643 (+150%), from €15,063 to €37,706
- Financial charges +€9,536
up €9,536 (+17.3%), from €55,062 to €64,599
of which Non-recurring financial charges: +€9,167
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 | €989,255 | €1,106,772 | +€117,517 | +11.9% |
| Fixed assets | 21/28 | €591,085 | €580,120 | -€10,965 | -1.9% |
| Tangible fixed assets | 22/27 | €589,796 | €578,830 | -€10,965 | -1.9% |
| Land and buildings | 22 | €520,807 | €529,735 | +€8,929 | +1.7% |
| Plant, machinery and equipment | 23 | €4,568 | €2,670 | -€1,898 | -41.5% |
| Furniture and vehicles | 24 | €38,041 | €45,120 | +€7,079 | +18.6% |
| Leasing and similar rights | 25 | €26,380 | €1,305 | -€25,075 | -95.1% |
| Financial fixed assets | 28 | €1,289 | €1,289 | = | 0.0% |
| Current assets | 29/58 | €398,170 | €526,652 | +€128,482 | +32.3% |
| Amounts receivable within one year | 40/41 | €278,553 | €285,468 | +€6,915 | +2.5% |
| Trade receivables | 40 | €149,617 | €96,301 | -€53,316 | -35.6% |
| Other amounts receivable | 41 | €128,936 | €189,167 | +€60,231 | +46.7% |
| Cash at bank and in hand | 54/58 | €99,154 | €236,141 | +€136,987 | +138% |
| Deferred charges and accrued income | 490/1 | €20,464 | €5,044 | -€15,419 | -75.4% |
| Total equity and liabilities | 10/49 | €989,255 | €1,106,772 | +€117,517 | +11.9% |
| Equity | 10/15 | €382,596 | €480,183 | +€97,587 | +25.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €179,004 | €276,591 | +€97,587 | +54.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €175,345 | €272,932 | +€97,587 | +55.7% |
| Amounts payable | 17/49 | €606,660 | €626,589 | +€19,930 | +3.3% |
| Amounts payable after more than one year | 17 | €195,558 | €179,346 | -€16,212 | -8.3% |
| Financial debts | 170/4 | €195,558 | €179,346 | -€16,212 | -8.3% |
| Amounts payable within one year | 42/48 | €410,793 | €415,962 | +€5,169 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €103,687 | €92,927 | -€10,759 | -10.4% |
| Trade debts | 44 | €204,222 | €213,591 | +€9,369 | +4.6% |
| Suppliers | 440/4 | €204,222 | €213,591 | +€9,369 | +4.6% |
| Taxes, remuneration and social security | 45 | €82,433 | €78,344 | -€4,089 | -5.0% |
| Taxes | 450/3 | €39,814 | €57,186 | +€17,372 | +43.6% |
| Remuneration and social security | 454/9 | €42,619 | €21,158 | -€21,461 | -50.4% |
| Other amounts payable | 47/48 | €20,452 | €31,099 | +€10,648 | +52.1% |
| Accrued charges and deferred income | 492/3 | €308 | €31,281 | +€30,973 | +10,048% |
| Non-recurring operating income | 76A | €3,698 | €158,822 | +€155,123 | +4,194% |
| Remuneration, social security and pensions | 62 | €395,801 | €329,809 | -€65,992 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,476 | €53,641 | -€835 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34,354 | +€34,354 | |
| Other operating charges | 640/8 | €140,490 | €143,744 | +€3,254 | +2.3% |
| Gross operating margin | 9900 | €739,150 | €810,856 | +€71,706 | +9.7% |
| Operating profit (loss) | 9901 | €148,383 | €249,307 | +€100,924 | +68.0% |
| Financial income | 75/76B | €378 | €584 | +€207 | +54.8% |
| Recurring financial income | 75 | €378 | €584 | +€207 | +54.8% |
| Financial charges | 65/66B | €55,062 | €64,599 | +€9,536 | +17.3% |
| Recurring financial charges | 65 | €55,062 | €55,431 | +€369 | +0.7% |
| Non-recurring financial charges | 66B | - | €9,167 | +€9,167 | |
| Profit (loss) for the period before taxes | 9903 | €93,698 | €185,293 | +€91,595 | +97.8% |
| Income taxes | 67/77 | €15,063 | €37,706 | +€22,643 | +150% |
| Profit (loss) for the period | 9904 | €78,635 | €147,587 | +€68,952 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,635 | €147,587 | +€68,952 | +87.7% |
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 14 October 2026 via checked.be.