TRANSSYSTEMS: 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.
TRANSSYSTEMS
Largest movements
- Receivables within one year +€89,652
up €89,652 (+53.5%), from €167,664 to €257,315
of which Trade receivables: +€99,078
- Cash -€46,023
down €46,023 (-16.6%), from €276,490 to €230,467
mainly Receivables within one year (-€89,652) and Tax, wage and social debts (-€17,332)
- Reserves +€52,760
up €52,760 (+30.2%), from €174,930 to €227,691
of which Distributable reserves: +€52,760
- Tax, wage and social debts -€17,332
down €17,332 (-9.0%), from €193,197 to €175,865
of which Taxes: -€37,068
- Trade debts +€8,178
up €8,178 (+55.8%), from €14,658 to €22,836
- Staff costs +€95,106
up €95,106 (+12.0%), from €791,948 to €887,054
- Gross operating margin +€95,008
up €95,008 (+10.7%), from €885,216 to €980,223
- Write-downs +€65,321
no longer reported in 2025 (was -€65,321)
- Purchases and services -€51,821
down €51,821 (-13.7%), from €378,956 to €327,136
- Turnover +€44,913
up €44,913 (+3.6%), from €1.2m to €1.3m
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 | €445,285 | €488,891 | +€43,607 | +9.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €445,285 | €488,891 | +€43,607 | +9.8% |
| Amounts receivable within one year | 40/41 | €167,664 | €257,315 | +€89,652 | +53.5% |
| Trade receivables | 40 | €158,238 | €257,315 | +€99,078 | +62.6% |
| Other amounts receivable | 41 | €9,426 | - | -€9,426 | |
| Cash at bank and in hand | 54/58 | €276,490 | €230,467 | -€46,023 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,131 | €1,109 | -€22 | -2.0% |
| Total equity and liabilities | 10/49 | €445,285 | €488,891 | +€43,607 | +9.8% |
| Equity | 10/15 | €237,430 | €290,191 | +€52,760 | +22.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €174,930 | €227,691 | +€52,760 | +30.2% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €168,680 | €221,441 | +€52,760 | +31.3% |
| Amounts payable | 17/49 | €207,855 | €198,701 | -€9,154 | -4.4% |
| Amounts payable within one year | 42/48 | €207,855 | €198,701 | -€9,154 | -4.4% |
| Trade debts | 44 | €14,658 | €22,836 | +€8,178 | +55.8% |
| Suppliers | 440/4 | €14,658 | €22,836 | +€8,178 | +55.8% |
| Taxes, remuneration and social security | 45 | €193,197 | €175,865 | -€17,332 | -9.0% |
| Taxes | 450/3 | €91,259 | €54,191 | -€37,068 | -40.6% |
| Remuneration and social security | 454/9 | €101,938 | €121,674 | +€19,737 | +19.4% |
| Turnover | 70 | €1,242,550 | €1,287,463 | +€44,913 | +3.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €378,956 | €327,136 | -€51,821 | -13.7% |
| Remuneration, social security and pensions | 62 | €791,948 | €887,054 | +€95,106 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€65,321 | - | +€65,321 | |
| Other operating charges | 640/8 | €1,632 | €1,258 | -€375 | -23.0% |
| Non-recurring operating charges | 66A | €65,321 | - | -€65,321 | |
| Gross operating margin | 9900 | €885,216 | €980,223 | +€95,008 | +10.7% |
| Operating profit (loss) | 9901 | €91,636 | €91,912 | +€276 | +0.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €998 | €7,985 | +€6,986 | +699.9% |
| Recurring financial charges | 65 | €998 | €7,985 | +€6,986 | +699.9% |
| Profit (loss) for the period before taxes | 9903 | €90,638 | €83,927 | -€6,710 | -7.4% |
| Income taxes | 67/77 | €32,603 | €31,167 | -€1,436 | -4.4% |
| Profit (loss) for the period | 9904 | €58,035 | €52,760 | -€5,274 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,035 | €52,760 | -€5,274 | -9.1% |
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 5 October 2026 via checked.be.