TRANSVAN: 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.
TRANSVAN
Largest movements
- Tangible fixed assets -€12,793
down €12,793 (-3.1%), from €406,649 to €393,855
- Debts after one year -€22,890
down €22,890 (-16.6%), from €137,647 to €114,757
- Other debts +€9,755
up €9,755 (+102.2%), from €9,545 to €19,300
- Gross operating margin +€2,037
up €2,037 (+5.0%), from €40,901 to €42,939
- Other operating charges +€1,934
up €1,934 (+30.2%), from €6,401 to €8,335
- Taxes +€610
new in 2025: €610
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 | €443,488 | €431,318 | -€12,170 | -2.7% |
| Fixed assets | 21/28 | €406,649 | €393,855 | -€12,793 | -3.1% |
| Tangible fixed assets | 22/27 | €406,649 | €393,855 | -€12,793 | -3.1% |
| Land and buildings | 22 | €406,649 | €393,855 | -€12,793 | -3.1% |
| Current assets | 29/58 | €36,839 | €37,463 | +€624 | +1.7% |
| Amounts receivable within one year | 40/41 | €1,212 | €2,334 | +€1,121 | +92.5% |
| Other amounts receivable | 41 | €1,212 | €2,334 | +€1,121 | +92.5% |
| Cash at bank and in hand | 54/58 | €35,162 | €34,959 | -€203 | -0.6% |
| Deferred charges and accrued income | 490/1 | €466 | €171 | -€295 | -63.3% |
| Total equity and liabilities | 10/49 | €443,488 | €431,318 | -€12,170 | -2.7% |
| Equity | 10/15 | €272,342 | €272,381 | +€39 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €210,342 | €210,381 | +€39 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €210,342 | €210,381 | +€39 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €171,147 | €158,937 | -€12,209 | -7.1% |
| Amounts payable after more than one year | 17 | €137,647 | €114,757 | -€22,890 | -16.6% |
| Financial debts | 170/4 | €137,647 | €114,757 | -€22,890 | -16.6% |
| Amounts payable within one year | 42/48 | €33,500 | €44,180 | +€10,681 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €22,605 | €22,890 | +€284 | +1.3% |
| Trade debts | 44 | €1,350 | €1,381 | +€31 | +2.3% |
| Suppliers | 440/4 | €1,350 | €1,381 | +€31 | +2.3% |
| Taxes, remuneration and social security | 45 | - | €610 | +€610 | |
| Taxes | 450/3 | - | €610 | +€610 | |
| Other amounts payable | 47/48 | €9,545 | €19,300 | +€9,755 | +102.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,793 | €12,793 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,401 | €8,335 | +€1,934 | +30.2% |
| Gross operating margin | 9900 | €40,901 | €42,939 | +€2,037 | +5.0% |
| Operating profit (loss) | 9901 | €21,707 | €21,811 | +€103 | +0.5% |
| Financial income | 75/76B | €295 | €0 | -€295 | -100.0% |
| Recurring financial income | 75 | €295 | €0 | -€295 | -100.0% |
| Financial charges | 65/66B | €2,161 | €1,862 | -€300 | -13.9% |
| Recurring financial charges | 65 | €2,161 | €1,862 | -€300 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €19,841 | €19,949 | +€108 | +0.5% |
| Income taxes | 67/77 | - | €610 | +€610 | |
| Profit (loss) for the period | 9904 | €19,841 | €19,339 | -€502 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,841 | €19,339 | -€502 | -2.5% |
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.