TRANSURB: 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.
What changed
TRANSURB
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€527,220
2024 · -€443,299-€83,921
Equity
€5.9m
2024 · €6.4m-€527,220
Cash
€4.3m
2024 · €3.4m+€962,456
Balance sheet total
€16.2m
2024 · €17.3m-€1.1m
Largest movements
Assets
- Receivables within one year -€2.2m
down €2.2m (-17.0%), from €13.2m to €11.0m
of which Trade receivables: -€2.2m
- Cash +€962,456
up €962,456 (+28.5%), from €3.4m to €4.3m
mainly Receivables within one year (+€2.2m) and Trade debts (+€799,098)
- Stocks and contracts +€245,087
up €245,087 (+167%), from €147,078 to €392,165
of which Contracts in progress: +€244,824
Equity and liabilities
- Advances received -€1.4m
down €1.4m (-18.6%), from €7.4m to €6.0m
- Trade debts +€799,098
up €799,098 (+49.0%), from €1.6m to €2.4m
- Profit (loss) carried forward -€527,220
down €527,220 (-133%), from -€395,028 to -€922,248
Income statement
- Turnover +€3.1m
up €3.1m (+26.4%), from €11.8m to €14.9m
- Goods and materials +€2.7m
up €2.7m (+60.3%), from €4.4m to €7.1m
of which Purchases: +€2.7m
- Staff costs +€325,549
up €325,549 (+6.4%), from €5.1m to €5.4m
- Write-downs -€293,609
down €293,609, from €220,088 to -€73,522
- Other operating income -€235,957
down €235,957 (-35.9%), from €656,645 to €420,689
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.
Result 2024
-€443,299
Turnover
+€3.1m
Other operating income
-€235,957
Goods and materials
-€2.7m
Services and other goods
-€214,069
Staff costs
-€325,549
Depreciation
-€14,815
Write-downs
+€293,609
Provisions
-€68,788
Other operating charges
-€176,949
Other operating items
+€267,300
Financial income
-€48,669
Financial charges
-€43,407
Taxes
+€45,379
Result 2025
-€527,220
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€100,896
Financing
€0
Cash 2024
€3.4m
From operations (derived)
+€1.1m
Net result for the year
-€527,220
Depreciation
+€145,727
Stocks and contracts
-€245,087
Receivables within one year
+€2.2m
Deferred charges and accrued income
+€26,948
Provisions
+€117,514
Trade debts
+€799,098
Tax, wage and social debts
+€3,480
Advances received
-€1.4m
Other debts
+€10,446
Accrued charges and deferred income
-€140,512
Investment (derived)
-€100,896
Investment in fixed assets (net)
-€100,896
Cash 2025
€4.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,294,322 | €16,188,031 | -€1.1m | -6.4% |
| Fixed assets | 21/28 | €355,030 | €310,199 | -€44,831 | -12.6% |
| Intangible fixed assets | 21 | €17,139 | €11,473 | -€5,666 | -33.1% |
| Tangible fixed assets | 22/27 | €319,367 | €271,988 | -€47,379 | -14.8% |
| Land and buildings | 22 | €132,540 | €72,104 | -€60,435 | -45.6% |
| Plant, machinery and equipment | 23 | €68,653 | €53,259 | -€15,394 | -22.4% |
| Furniture and vehicles | 24 | €118,174 | €146,625 | +€28,450 | +24.1% |
| Financial fixed assets | 28 | €18,524 | €26,738 | +€8,214 | +44.3% |
| Affiliated companies | 280/1 | €8,152 | €8,152 | = | 0.0% |
| Participating interests | 280 | €8,152 | €8,152 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,373 | €18,587 | +€8,214 | +79.2% |
| Amounts receivable and cash guarantees | 285/8 | €10,373 | €18,587 | +€8,214 | +79.2% |
| Current assets | 29/58 | €16,939,291 | €15,877,832 | -€1.1m | -6.3% |
| Stocks and contracts in progress | 3 | €147,078 | €392,165 | +€245,087 | +167% |
| Stocks | 30/36 | €935 | €1,198 | +€262 | +28.1% |
| Goods purchased for resale | 34 | €935 | €1,198 | +€262 | +28.1% |
| Contracts in progress | 37 | €146,143 | €390,967 | +€244,824 | +168% |
| Amounts receivable within one year | 40/41 | €13,208,694 | €10,966,639 | -€2.2m | -17.0% |
| Trade receivables | 40 | €13,175,879 | €10,930,244 | -€2.2m | -17.0% |
| Other amounts receivable | 41 | €32,816 | €36,395 | +€3,580 | +10.9% |
| Cash at bank and in hand | 54/58 | €3,378,858 | €4,341,314 | +€962,456 | +28.5% |
| Deferred charges and accrued income | 490/1 | €204,662 | €177,714 | -€26,948 | -13.2% |
| Total equity and liabilities | 10/49 | €17,294,322 | €16,188,031 | -€1.1m | -6.4% |
| Equity | 10/15 | €6,446,987 | €5,919,766 | -€527,220 | -8.2% |
| Contributions | 10/11 | €6,200,000 | €6,200,000 | = | 0.0% |
| Capital | 10 | €6,200,000 | €6,200,000 | = | 0.0% |
| Issued capital | 100 | €6,200,000 | €6,200,000 | = | 0.0% |
| Reserves | 13 | €642,015 | €642,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €621,192 | €621,192 | = | 0.0% |
| Legal reserve | 130 | €620,000 | €620,000 | = | 0.0% |
| Other | 1319 | €1,192 | €1,192 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,823 | €20,823 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€395,028 | -€922,248 | -€527,220 | -133% |
| Provisions and deferred taxes | 16 | €488,924 | €606,438 | +€117,514 | +24.0% |
| Provisions for liabilities and charges | 160/5 | €488,924 | €606,438 | +€117,514 | +24.0% |
| Pensions and similar obligations | 160 | €26,461 | €40,821 | +€14,360 | +54.3% |
| Other liabilities and charges | 164/5 | €462,464 | €565,617 | +€103,154 | +22.3% |
| Amounts payable | 17/49 | €10,358,411 | €9,661,827 | -€696,584 | -6.7% |
| Amounts payable within one year | 42/48 | €9,977,532 | €9,421,460 | -€556,072 | -5.6% |
| Trade debts | 44 | €1,631,439 | €2,430,536 | +€799,098 | +49.0% |
| Suppliers | 440/4 | €1,631,439 | €2,430,536 | +€799,098 | +49.0% |
| Advances received on contracts in progress | 46 | €7,363,177 | €5,994,080 | -€1.4m | -18.6% |
| Taxes, remuneration and social security | 45 | €972,313 | €975,794 | +€3,480 | +0.4% |
| Taxes | 450/3 | €189,668 | €123,301 | -€66,367 | -35.0% |
| Remuneration and social security | 454/9 | €782,645 | €852,493 | +€69,848 | +8.9% |
| Other amounts payable | 47/48 | €10,603 | €21,049 | +€10,446 | +98.5% |
| Accrued charges and deferred income | 492/3 | €380,879 | €240,367 | -€140,512 | -36.9% |
| Operating income | 70/76A | €12,400,835 | €15,540,414 | +€3.1m | +25.3% |
| Turnover | 70 | €11,770,427 | €14,874,902 | +€3.1m | +26.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€26,237 | €244,824 | +€271,061 | |
| Other operating income | 74 | €656,645 | €420,689 | -€235,957 | -35.9% |
| Operating charges | 60/66A | €12,671,131 | €15,847,933 | +€3.2m | +25.1% |
| Goods for resale, raw materials and consumables | 60 | €4,422,113 | €7,088,593 | +€2.7m | +60.3% |
| Purchases | 600/8 | €4,422,517 | €7,088,856 | +€2.7m | +60.3% |
| Change in stocks: decrease (increase) | 609 | -€404 | -€262 | +€142 | +35.0% |
| Services and other goods | 61 | €2,075,004 | €2,289,073 | +€214,069 | +10.3% |
| Remuneration, social security and pensions | 62 | €5,101,880 | €5,427,430 | +€325,549 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,912 | €145,727 | +€14,815 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €220,088 | -€73,522 | -€293,609 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €48,726 | €117,514 | +€68,788 | +141% |
| Other operating charges | 640/8 | €672,352 | €849,301 | +€176,949 | +26.3% |
| Non-recurring operating charges | 66A | €56 | €3,817 | +€3,761 | +6,753% |
| Operating profit (loss) | 9901 | -€270,295 | -€307,519 | -€37,223 | -13.8% |
| Financial income | 75/76B | €76,560 | €27,891 | -€48,669 | -63.6% |
| Recurring financial income | 75 | €76,560 | €27,891 | -€48,669 | -63.6% |
| Other financial income | 752/9 | €76,560 | €27,891 | -€48,669 | -63.6% |
| Financial charges | 65/66B | €176,830 | €220,237 | +€43,407 | +24.5% |
| Recurring financial charges | 65 | €176,830 | €220,237 | +€43,407 | +24.5% |
| Debt charges | 650 | €313 | €346 | +€33 | +10.6% |
| Other financial charges | 652/9 | €176,517 | €219,891 | +€43,374 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€370,565 | -€499,865 | -€129,300 | -34.9% |
| Income taxes | 67/77 | €72,734 | €27,355 | -€45,379 | -62.4% |
| Taxes | 670/3 | €72,734 | €27,355 | -€45,379 | -62.4% |
| Profit (loss) for the period | 9904 | -€443,299 | -€527,220 | -€83,921 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€443,299 | -€527,220 | -€83,921 | -18.9% |
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 16 October 2026 via checked.be.