TRANTOR: 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.
TRANTOR
Largest movements
- Receivables within one year -€87,395
down €87,395 (-36.6%), from €238,941 to €151,546
of which Other amounts receivable: -€103,373
- Tangible fixed assets -€24,378
down €24,378 (-2.4%), from €1.0m to €997,347
of which Land and buildings: -€26,437
- Debts after one year -€54,106
down €54,106 (-9.9%), from €546,053 to €491,948
- Accrued charges and deferred income -€21,032
down €21,032 (-10.0%), from €211,026 to €189,994
- Other debts -€14,090
down €14,090 (-16.6%), from €84,830 to €70,740
- Gross operating margin -€31,053
down €31,053 (-22.4%), from €138,339 to €107,286
- Financial income -€9,957
down €9,957 (-51.6%), from €19,310 to €9,353
- Other operating charges -€8,052
down €8,052 (-44.7%), from €18,027 to €9,975
- Financial charges +€6,586
up €6,586 (+29.8%), from €22,069 to €28,655
- Depreciation +€5,350
up €5,350 (+9.6%), from €55,458 to €60,808
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 | €1,272,604 | €1,175,505 | -€97,099 | -7.6% |
| Fixed assets | 21/28 | €1,021,875 | €997,497 | -€24,378 | -2.4% |
| Tangible fixed assets | 22/27 | €1,021,725 | €997,347 | -€24,378 | -2.4% |
| Land and buildings | 22 | €994,171 | €967,734 | -€26,437 | -2.7% |
| Plant, machinery and equipment | 23 | €15,382 | €13,471 | -€1,911 | -12.4% |
| Furniture and vehicles | 24 | - | €5,549 | +€5,549 | |
| Other tangible fixed assets | 26 | €12,172 | €10,593 | -€1,579 | -13.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €250,729 | €178,008 | -€72,721 | -29.0% |
| Amounts receivable within one year | 40/41 | €238,941 | €151,546 | -€87,395 | -36.6% |
| Trade receivables | 40 | - | €15,978 | +€15,978 | |
| Other amounts receivable | 41 | €238,941 | €135,568 | -€103,373 | -43.3% |
| Cash at bank and in hand | 54/58 | €645 | €3,676 | +€3,031 | +470% |
| Deferred charges and accrued income | 490/1 | €11,143 | €22,787 | +€11,643 | +104% |
| Total equity and liabilities | 10/49 | €1,272,604 | €1,175,505 | -€97,099 | -7.6% |
| Equity | 10/15 | €339,000 | €337,509 | -€1,491 | -0.4% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €64,000 | €62,509 | -€1,491 | -2.3% |
| Non-distributable reserves | 130/1 | €651 | €0 | -€651 | -100% |
| Reserves not available under the articles | 1311 | €651 | €0 | -€651 | -100% |
| Distributable reserves | 133 | €63,349 | €62,509 | -€840 | -1.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €933,604 | €837,996 | -€95,608 | -10.2% |
| Amounts payable after more than one year | 17 | €546,053 | €491,948 | -€54,106 | -9.9% |
| Financial debts | 170/4 | €546,053 | €491,948 | -€54,106 | -9.9% |
| Amounts payable within one year | 42/48 | €176,525 | €156,055 | -€20,470 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €67,904 | €69,641 | +€1,737 | +2.6% |
| Trade debts | 44 | €14,295 | €9,326 | -€4,969 | -34.8% |
| Suppliers | 440/4 | €14,295 | €9,326 | -€4,969 | -34.8% |
| Taxes, remuneration and social security | 45 | €9,496 | €6,348 | -€3,147 | -33.1% |
| Taxes | 450/3 | €9,496 | €4,644 | -€4,852 | -51.1% |
| Remuneration and social security | 454/9 | €0 | €1,704 | +€1,704 | |
| Other amounts payable | 47/48 | €84,830 | €70,740 | -€14,090 | -16.6% |
| Accrued charges and deferred income | 492/3 | €211,026 | €189,994 | -€21,032 | -10.0% |
| Remuneration, social security and pensions | 62 | €12,171 | €14,048 | +€1,878 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,458 | €60,808 | +€5,350 | +9.6% |
| Other operating charges | 640/8 | €18,027 | €9,975 | -€8,052 | -44.7% |
| Gross operating margin | 9900 | €138,339 | €107,286 | -€31,053 | -22.4% |
| Operating profit (loss) | 9901 | €52,683 | €22,455 | -€30,228 | -57.4% |
| Financial income | 75/76B | €19,310 | €9,353 | -€9,957 | -51.6% |
| Recurring financial income | 75 | €19,310 | €9,353 | -€9,957 | -51.6% |
| Financial charges | 65/66B | €22,069 | €28,655 | +€6,586 | +29.8% |
| Recurring financial charges | 65 | €22,069 | €28,655 | +€6,586 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €49,924 | €3,153 | -€46,771 | -93.7% |
| Income taxes | 67/77 | €9,496 | €4,644 | -€4,852 | -51.1% |
| Profit (loss) for the period | 9904 | €40,428 | -€1,491 | -€41,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,428 | -€1,491 | -€41,919 |
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.