TRANTES: 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.
TRANTES
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+20,859%), from €7,803 to €1.6m
- Current investments +€298,279
new in 2025: €298,279
- Receivables after one year +€258,701
up €258,701 (+21.9%), from €1.2m to €1.4m
- Receivables within one year +€119,385
up €119,385 (+1,285%), from €9,291 to €128,675
of which Other amounts receivable: +€119,526
- Cash +€79,182
up €79,182 (+49.3%), from €160,472 to €239,654
mainly Net result for the year (+€1.3m) and Short-term financial debts (+€800,018)
- Reserves +€1.3m
up €1.3m (+337%), from €393,742 to €1.7m
of which Tax-exempt reserves: +€1.5m
- Short-term financial debts +€800,018
new in 2025: €800,018
- Provisions +€371,460
up €371,460 (+743%), from €50,000 to €421,460
- Debts after one year -€98,169
down €98,169 (-10.0%), from €979,989 to €881,819
- Trade debts +€61,606
up €61,606 (+239%), from €25,816 to €87,422
- Gross operating margin +€1.5m
up €1.5m (+738%), from €201,022 to €1.7m
- Financial income +€41,695
up €41,695 (+126%), from €32,995 to €74,690
of which Financial income: +€41,695
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,619,160 | €4,080,209 | +€2.5m | +152% |
| Fixed assets | 21/28 | €236,208 | €282,493 | +€46,285 | +19.6% |
| Intangible fixed assets | 21 | - | €2,109 | +€2,109 | |
| Tangible fixed assets | 22/27 | €236,208 | €225,934 | -€10,275 | -4.3% |
| Land and buildings | 22 | €236,208 | €225,934 | -€10,275 | -4.3% |
| Financial fixed assets | 28 | - | €54,450 | +€54,450 | |
| Current assets | 29/58 | €1,382,952 | €3,797,716 | +€2.4m | +175% |
| Amounts receivable after more than one year | 29 | €1,179,520 | €1,438,221 | +€258,701 | +21.9% |
| Other amounts receivable | 291 | €1,179,520 | €1,438,221 | +€258,701 | +21.9% |
| Stocks and contracts in progress | 3 | €7,803 | €1,635,468 | +€1.6m | +20,859% |
| Stocks | 30/36 | €7,803 | €1,635,468 | +€1.6m | +20,859% |
| Amounts receivable within one year | 40/41 | €9,291 | €128,675 | +€119,385 | +1,285% |
| Trade receivables | 40 | €7,574 | €7,432 | -€142 | -1.9% |
| Other amounts receivable | 41 | €1,717 | €121,244 | +€119,526 | +6,961% |
| Current investments | 50/53 | - | €298,279 | +€298,279 | |
| Cash at bank and in hand | 54/58 | €160,472 | €239,654 | +€79,182 | +49.3% |
| Deferred charges and accrued income | 490/1 | €25,866 | €57,418 | +€31,552 | +122% |
| Total equity and liabilities | 10/49 | €1,619,160 | €4,080,209 | +€2.5m | +152% |
| Equity | 10/15 | €463,511 | €1,789,521 | +€1.3m | +286% |
| Contributions | 10/11 | €69,769 | €69,769 | = | 0.0% |
| Reserves | 13 | €393,742 | €1,719,751 | +€1.3m | +337% |
| Tax-exempt reserves | 132 | €150,000 | €1,635,841 | +€1.5m | +991% |
| Distributable reserves | 133 | €243,742 | €83,910 | -€159,832 | -65.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €50,000 | €421,460 | +€371,460 | +743% |
| Deferred taxes | 168 | €50,000 | €421,460 | +€371,460 | +743% |
| Amounts payable | 17/49 | €1,105,649 | €1,869,228 | +€763,579 | +69.1% |
| Amounts payable after more than one year | 17 | €979,989 | €881,819 | -€98,169 | -10.0% |
| Financial debts | 170/4 | €979,989 | €881,819 | -€98,169 | -10.0% |
| Amounts payable within one year | 42/48 | €124,657 | €987,409 | +€862,751 | +692% |
| Current portion of amounts payable after more than one year | 42 | €97,042 | €98,169 | +€1,128 | +1.2% |
| Financial debts | 43 | - | €800,018 | +€800,018 | |
| Credit institutions | 430/8 | - | €800,018 | +€800,018 | |
| Trade debts | 44 | €25,816 | €87,422 | +€61,606 | +239% |
| Suppliers | 440/4 | €25,816 | €87,422 | +€61,606 | +239% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,800 | €1,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,003 | €0 | -€1,003 | -100% |
| Non-recurring operating income | 76A | €200,000 | €1,857,302 | +€1.7m | +829% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,390 | €10,303 | -€6,087 | -37.1% |
| Other operating charges | 640/8 | €35,312 | €29,661 | -€5,651 | -16.0% |
| Non-recurring operating charges | 66A | €57,967 | €0 | -€57,967 | -100% |
| Gross operating margin | 9900 | €201,022 | €1,685,440 | +€1.5m | +738% |
| Operating profit (loss) | 9901 | €91,352 | €1,645,476 | +€1.6m | +1,701% |
| Financial income | 75/76B | €32,995 | €74,690 | +€41,695 | +126% |
| Recurring financial income | 75 | €32,995 | €74,690 | +€41,695 | +126% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €14,328 | €22,697 | +€8,369 | +58.4% |
| Recurring financial charges | 65 | €14,328 | €22,697 | +€8,369 | +58.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €110,020 | €1,697,470 | +€1.6m | +1,443% |
| Transfer to deferred taxes | 680 | €50,000 | €371,460 | +€321,460 | +643% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €60,020 | €1,326,009 | +€1.3m | +2,109% |
| Transfer to tax-exempt reserves | 689 | €150,000 | €1,485,841 | +€1.3m | +891% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,981 | -€159,832 | -€69,851 | -77.6% |
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 20 October 2026 via checked.be.