Transworld Consortium: 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.
Transworld Consortium
Largest movements
- Financial fixed assets +€400,000
up €400,000 (+13.4%), from €3.0m to €3.4m
- Receivables within one year +€339,446
up €339,446 (+63.3%), from €535,876 to €875,321
of which Other amounts receivable: +€309,446
- Cash +€63,362
up €63,362 (+37.1%), from €170,767 to €234,129
mainly Net result for the year (+€513,858) and Debts after one year (+€217,460)
- Profit (loss) carried forward +€324,408
up €324,408 (+14.9%), from €2.2m to €2.5m
- Debts after one year +€217,460
up €217,460 (+50.1%), from €434,232 to €651,692
- Reserves +€189,450
up €189,450 (+10212.9%), from €1,855 to €191,305
of which Tax-exempt reserves: +€189,450
- Current portion of long-term debt +€60,206
up €60,206 (+126.2%), from €47,710 to €107,915
- Gross operating margin +€170,521
up €170,521 (+32.8%), from €520,580 to €691,101
- Financial income +€46,960
up €46,960 (+37.6%), from €124,973 to €171,933
- Other operating charges +€9,155
up €9,155 (+278.3%), from €3,290 to €12,445
- Financial charges +€8,051
up €8,051 (+34.0%), from €23,671 to €31,722
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 | €4,288,644 | €5,116,615 | +€827,971 | +19.3% |
| Fixed assets | 21/28 | €3,575,751 | €3,995,724 | +€419,973 | +11.7% |
| Tangible fixed assets | 22/27 | €595,250 | €615,223 | +€19,973 | +3.4% |
| Land and buildings | 22 | €419,791 | €408,932 | -€10,859 | -2.6% |
| Furniture and vehicles | 24 | €170,710 | €158,813 | -€11,897 | -7.0% |
| Other tangible fixed assets | 26 | €4,750 | €47,478 | +€42,728 | +899.5% |
| Financial fixed assets | 28 | €2,980,501 | €3,380,501 | +€400,000 | +13.4% |
| Current assets | 29/58 | €712,893 | €1,120,891 | +€407,998 | +57.2% |
| Amounts receivable within one year | 40/41 | €535,876 | €875,321 | +€339,446 | +63.3% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €535,876 | €845,321 | +€309,446 | +57.7% |
| Cash at bank and in hand | 54/58 | €170,767 | €234,129 | +€63,362 | +37.1% |
| Deferred charges and accrued income | 490/1 | €6,250 | €11,440 | +€5,191 | +83.1% |
| Total equity and liabilities | 10/49 | €4,288,644 | €5,116,615 | +€827,971 | +19.3% |
| Equity | 10/15 | €3,699,244 | €4,213,103 | +€513,858 | +13.9% |
| Contributions | 10/11 | €1,518,550 | €1,518,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €191,305 | +€189,450 | +10212.9% |
| Tax-exempt reserves | 132 | - | €189,450 | +€189,450 | |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,178,839 | €2,503,248 | +€324,408 | +14.9% |
| Amounts payable | 17/49 | €589,400 | €903,512 | +€314,113 | +53.3% |
| Amounts payable after more than one year | 17 | €434,232 | €651,692 | +€217,460 | +50.1% |
| Financial debts | 170/4 | €434,232 | €651,692 | +€217,460 | +50.1% |
| Amounts payable within one year | 42/48 | €154,564 | €251,820 | +€97,256 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €47,710 | €107,915 | +€60,206 | +126.2% |
| Financial debts | 43 | €73,872 | €73,936 | +€65 | +0.1% |
| Credit institutions | 430/8 | €73,872 | €73,936 | +€65 | +0.1% |
| Trade debts | 44 | €1,632 | €47,578 | +€45,946 | +2815.6% |
| Suppliers | 440/4 | €1,632 | €47,578 | +€45,946 | +2815.6% |
| Taxes, remuneration and social security | 45 | €31,351 | €22,390 | -€8,960 | -28.6% |
| Taxes | 450/3 | €31,351 | €22,390 | -€8,960 | -28.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €604 | €0 | -€604 | -100.0% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,539 | €26,273 | +€734 | +2.9% |
| Other operating charges | 640/8 | €3,290 | €12,445 | +€9,155 | +278.3% |
| Non-recurring operating charges | 66A | - | €160,928 | +€160,928 | |
| Gross operating margin | 9900 | €520,580 | €691,101 | +€170,521 | +32.8% |
| Operating profit (loss) | 9901 | €491,750 | €491,455 | -€295 | -0.1% |
| Financial income | 75/76B | €124,973 | €171,933 | +€46,960 | +37.6% |
| Recurring financial income | 75 | €124,973 | €171,933 | +€46,960 | +37.6% |
| Financial charges | 65/66B | €23,671 | €31,722 | +€8,051 | +34.0% |
| Recurring financial charges | 65 | €23,671 | €31,722 | +€8,051 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €593,053 | €631,667 | +€38,614 | +6.5% |
| Income taxes | 67/77 | €119,093 | €117,808 | -€1,285 | -1.1% |
| Profit (loss) for the period | 9904 | €473,960 | €513,858 | +€39,898 | +8.4% |
| Transfer to tax-exempt reserves | 689 | - | €189,450 | +€189,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €473,960 | €324,408 | -€149,552 | -31.6% |
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 10 October 2026 via checked.be.