TransVerto: 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.
TransVerto
Largest movements
- Financial fixed assets +€2.7m
up €2.7m (+225.4%), from €1.2m to €4.0m
- Tangible fixed assets +€613,372
up €613,372 (+40.5%), from €1.5m to €2.1m
of which Land and buildings: +€634,375
- Current investments -€550,000
no longer reported in 2025 (was €550,000)
- Cash -€133,144
down €133,144 (-65.0%), from €204,694 to €71,550
mainly Investment in fixed assets (net) (-€3.4m) and Short-term financial debts (-€150,000)
- Receivables after one year -€75,000
no longer reported in 2025 (was €75,000)
- Debts after one year +€2.0m
up €2.0m (+361.8%), from €555,958 to €2.6m
- Reserves +€610,760
up €610,760 (+55.5%), from €1.1m to €1.7m
of which Distributable reserves: +€375,000
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Other debts +€150,000
up €150,000 (+13.0%), from €1.2m to €1.3m
- Tax, wage and social debts -€90,236
down €90,236 (-39.2%), from €229,910 to €139,673
of which Taxes: -€87,086
- Gross operating margin -€1.0m
down €1.0m (-52.1%), from €2.0m to €953,855
- Taxes -€229,992
down €229,992 (-47.7%), from €482,557 to €252,564
- Financial charges +€59,860
up €59,860 (+114.7%), from €52,208 to €112,068
- Financial income +€51,462
up €51,462 (+204.9%), from €25,114 to €76,576
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 | €3,570,973 | €6,178,137 | +€2.6m | +73.0% |
| Fixed assets | 21/28 | €2,733,640 | €6,091,623 | +€3.4m | +122.8% |
| Tangible fixed assets | 22/27 | €1,516,117 | €2,129,488 | +€613,372 | +40.5% |
| Land and buildings | 22 | €1,421,392 | €2,055,767 | +€634,375 | +44.6% |
| Furniture and vehicles | 24 | €94,725 | €73,722 | -€21,003 | -22.2% |
| Financial fixed assets | 28 | €1,217,524 | €3,962,135 | +€2.7m | +225.4% |
| Current assets | 29/58 | €837,332 | €86,514 | -€750,818 | -89.7% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | €75,000 | - | -€75,000 | |
| Amounts receivable within one year | 40/41 | - | €12,233 | +€12,233 | |
| Trade receivables | 40 | - | €1,667 | +€1,667 | |
| Other amounts receivable | 41 | - | €10,566 | +€10,566 | |
| Current investments | 50/53 | €550,000 | - | -€550,000 | |
| Cash at bank and in hand | 54/58 | €204,694 | €71,550 | -€133,144 | -65.0% |
| Deferred charges and accrued income | 490/1 | €7,638 | €2,731 | -€4,908 | -64.3% |
| Total equity and liabilities | 10/49 | €3,570,973 | €6,178,137 | +€2.6m | +73.0% |
| Equity | 10/15 | €1,366,349 | €1,980,293 | +€613,944 | +44.9% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €1,100,000 | €1,710,760 | +€610,760 | +55.5% |
| Tax-exempt reserves | 132 | - | €235,760 | +€235,760 | |
| Distributable reserves | 133 | €1,100,000 | €1,475,000 | +€375,000 | +34.1% |
| Profit (loss) carried forward | 14 | €245,944 | €249,128 | +€3,184 | +1.3% |
| Amounts payable | 17/49 | €2,204,624 | €4,197,844 | +€2.0m | +90.4% |
| Amounts payable after more than one year | 17 | €555,958 | €2,567,279 | +€2.0m | +361.8% |
| Financial debts | 170/4 | €555,958 | €2,567,279 | +€2.0m | +361.8% |
| Amounts payable within one year | 42/48 | €1,607,725 | €1,534,918 | -€72,807 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €74,902 | €76,680 | +€1,778 | +2.4% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €2,913 | €18,564 | +€15,652 | +537.4% |
| Suppliers | 440/4 | €2,913 | €18,564 | +€15,652 | +537.4% |
| Taxes, remuneration and social security | 45 | €229,910 | €139,673 | -€90,236 | -39.2% |
| Taxes | 450/3 | €226,760 | €139,673 | -€87,086 | -38.4% |
| Remuneration and social security | 454/9 | €3,150 | - | -€3,150 | |
| Other amounts payable | 47/48 | €1,150,000 | €1,300,000 | +€150,000 | +13.0% |
| Accrued charges and deferred income | 492/3 | €40,940 | €95,648 | +€54,708 | +133.6% |
| Non-recurring operating income | 76A | €573,401 | - | -€573,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,042 | €31,326 | -€717 | -2.2% |
| Other operating charges | 640/8 | €6,918 | €3,790 | -€3,127 | -45.2% |
| Non-recurring operating charges | 66A | - | €16,740 | +€16,740 | |
| Gross operating margin | 9900 | €1,991,871 | €953,855 | -€1.0m | -52.1% |
| Operating profit (loss) | 9901 | €1,952,911 | €901,999 | -€1.1m | -53.8% |
| Financial income | 75/76B | €25,114 | €76,576 | +€51,462 | +204.9% |
| Recurring financial income | 75 | €25,114 | €76,576 | +€51,462 | +204.9% |
| Financial charges | 65/66B | €52,208 | €112,068 | +€59,860 | +114.7% |
| Recurring financial charges | 65 | €52,208 | €112,068 | +€59,860 | +114.7% |
| Profit (loss) for the period before taxes | 9903 | €1,925,818 | €866,508 | -€1.1m | -55.0% |
| Income taxes | 67/77 | €482,557 | €252,564 | -€229,992 | -47.7% |
| Profit (loss) for the period | 9904 | €1,443,261 | €613,944 | -€829,317 | -57.5% |
| Transfer to tax-exempt reserves | 689 | - | €235,760 | +€235,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,443,261 | €378,184 | -€1.1m | -73.8% |
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 6 October 2026 via checked.be.