TRANZCOM ICT: 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.
What changed
TRANZCOM ICT
NACE 42.220, Construction of utility projects for electricity and telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€86,290
2024 · €1.3m-€1.2m
Equity
€7.4m
2024 · €8.3m-€828,077
Cash
€2.1m
2024 · €1.8m+€294,520
Balance sheet total
€13.0m
2024 · €26.0m-€13.0m
Largest movements
Assets
- Receivables within one year -€10.9m
down €10.9m (-65.3%), from €16.7m to €5.8m
of which Trade receivables: -€10.7m
- Stocks and contracts -€1.7m
down €1.7m (-31.7%), from €5.4m to €3.7m
of which Stocks: -€1.6m
- Tangible fixed assets -€510,556
down €510,556 (-26.6%), from €1.9m to €1.4m
of which Plant, machinery and equipment: -€306,138
- Cash +€294,520
up €294,520 (+16.4%), from €1.8m to €2.1m
mainly Receivables within one year (+€10.9m) and Stocks and contracts (+€1.7m)
Equity and liabilities
- Advances received -€6.1m
down €6.1m (-65.1%), from €9.4m to €3.3m
- Trade debts -€2.4m
down €2.4m (-79.4%), from €3.1m to €627,224
- Provisions -€1.3m
down €1.3m (-70.8%), from €1.8m to €522,743
- Tax, wage and social debts -€1.2m
down €1.2m (-54.2%), from €2.2m to €1.0m
of which Remuneration and social security: -€1.0m
- Other debts -€1.2m
down €1.2m (-92.0%), from €1.3m to €100,000
Income statement
- Turnover -€18.7m
down €18.7m (-55.9%), from €33.6m to €14.8m
- Goods and materials -€6.7m
down €6.7m (-52.0%), from €13.0m to €6.2m
of which Purchases: -€6.2m
- Services and other goods -€4.7m
down €4.7m (-53.0%), from €8.9m to €4.2m
- Staff costs -€3.8m
down €3.8m (-38.7%), from €9.8m to €6.0m
- Other operating income +€1.7m
up €1.7m (+437.5%), from €388,119 to €2.1m
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.
Result 2024
€1.3m
Turnover
-€18.7m
Other operating income
+€1.7m
Goods and materials
+€6.7m
Services and other goods
+€4.7m
Staff costs
+€3.8m
Depreciation
+€144,536
Write-downs
+€353,790
Provisions
+€686,727
Other operating charges
+€2,065
Other operating items
-€748,317
Financial income
-€86,884
Financial charges
+€25,866
Taxes
+€258,874
Result 2025
€86,290
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.
From operations
+€876,582
Investment
+€332,306
Financing
-€914,367
Cash 2024
€1.8m
From operations (derived)
+€876,582
Net result for the year
+€86,290
Depreciation
+€202,766
Stocks and contracts
+€1.7m
Receivables within one year
+€10.9m
Deferred charges and accrued income
+€133,938
Provisions
-€1.3m
Trade debts
-€2.4m
Tax, wage and social debts
-€1.2m
Advances received
-€6.1m
Other debts
-€1.2m
Accrued charges and deferred income
+€9,816
Investment (derived)
+€332,306
Investment in fixed assets (net)
+€332,306
Financing
-€914,367
Contributions, distributions and other
-€914,367
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,009,775 | €13,006,337 | -€13.0m | -50.0% |
| Fixed assets | 21/28 | €1,986,845 | €1,451,773 | -€535,072 | -26.9% |
| Intangible fixed assets | 21 | €23,566 | €1,311 | -€22,255 | -94.4% |
| Tangible fixed assets | 22/27 | €1,922,942 | €1,412,386 | -€510,556 | -26.6% |
| Plant, machinery and equipment | 23 | €369,053 | €62,915 | -€306,138 | -83.0% |
| Furniture and vehicles | 24 | €299,722 | €212,281 | -€87,441 | -29.2% |
| Other tangible fixed assets | 26 | €1,254,167 | €1,137,190 | -€116,977 | -9.3% |
| Financial fixed assets | 28 | €40,336 | €38,076 | -€2,260 | -5.6% |
| Other financial fixed assets | 284/8 | €40,336 | €38,076 | -€2,260 | -5.6% |
| Amounts receivable and cash guarantees | 285/8 | €40,336 | €38,076 | -€2,260 | -5.6% |
| Current assets | 29/58 | €24,022,930 | €11,554,564 | -€12.5m | -51.9% |
| Stocks and contracts in progress | 3 | €5,377,089 | €3,671,555 | -€1.7m | -31.7% |
| Stocks | 30/36 | €5,095,467 | €3,478,959 | -€1.6m | -31.7% |
| Finished goods | 33 | €1,420,969 | €1,102,800 | -€318,169 | -22.4% |
| Goods purchased for resale | 34 | €3,674,498 | €2,376,159 | -€1.3m | -35.3% |
| Contracts in progress | 37 | €281,622 | €192,596 | -€89,026 | -31.6% |
| Amounts receivable within one year | 40/41 | €16,718,972 | €5,795,558 | -€10.9m | -65.3% |
| Trade receivables | 40 | €16,408,083 | €5,748,952 | -€10.7m | -65.0% |
| Other amounts receivable | 41 | €310,889 | €46,606 | -€264,283 | -85.0% |
| Cash at bank and in hand | 54/58 | €1,790,425 | €2,084,945 | +€294,520 | +16.4% |
| Deferred charges and accrued income | 490/1 | €136,444 | €2,506 | -€133,938 | -98.2% |
| Total equity and liabilities | 10/49 | €26,009,775 | €13,006,337 | -€13.0m | -50.0% |
| Equity | 10/15 | €8,259,261 | €7,431,184 | -€828,077 | -10.0% |
| Contributions | 10/11 | €1,000,000 | €805,405 | -€194,595 | -19.5% |
| Capital | 10 | €1,000,000 | €805,405 | -€194,595 | -19.5% |
| Issued capital | 100 | €1,000,000 | €805,405 | -€194,595 | -19.5% |
| Reserves | 13 | €100,000 | €94,618 | -€5,382 | -5.4% |
| Non-distributable reserves | 130/1 | €100,000 | €94,618 | -€5,382 | -5.4% |
| Legal reserve | 130 | €100,000 | €94,618 | -€5,382 | -5.4% |
| Profit (loss) carried forward | 14 | €7,159,261 | €6,531,161 | -€628,100 | -8.8% |
| Provisions and deferred taxes | 16 | €1,788,278 | €522,743 | -€1.3m | -70.8% |
| Provisions for liabilities and charges | 160/5 | €1,788,278 | €522,743 | -€1.3m | -70.8% |
| Other liabilities and charges | 164/5 | €1,788,278 | €522,743 | -€1.3m | -70.8% |
| Amounts payable | 17/49 | €15,962,236 | €5,052,410 | -€10.9m | -68.3% |
| Amounts payable within one year | 42/48 | €15,962,236 | €5,042,594 | -€10.9m | -68.4% |
| Trade debts | 44 | €3,050,193 | €627,224 | -€2.4m | -79.4% |
| Suppliers | 440/4 | €3,050,193 | €627,224 | -€2.4m | -79.4% |
| Advances received on contracts in progress | 46 | €9,426,886 | €3,292,513 | -€6.1m | -65.1% |
| Taxes, remuneration and social security | 45 | €2,235,157 | €1,022,857 | -€1.2m | -54.2% |
| Taxes | 450/3 | €288,550 | €120,006 | -€168,544 | -58.4% |
| Remuneration and social security | 454/9 | €1,946,606 | €902,851 | -€1.0m | -53.6% |
| Other amounts payable | 47/48 | €1,250,000 | €100,000 | -€1.2m | -92.0% |
| Accrued charges and deferred income | 492/3 | - | €9,816 | +€9,816 | |
| Operating income | 70/76A | €34,340,831 | €16,525,632 | -€17.8m | -51.9% |
| Turnover | 70 | €33,550,026 | €14,806,429 | -€18.7m | -55.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €402,687 | -€366,936 | -€769,623 | |
| Other operating income | 74 | €388,119 | €2,086,139 | +€1.7m | +437.5% |
| Operating charges | 60/66A | €32,491,892 | €16,056,591 | -€16.4m | -50.6% |
| Goods for resale, raw materials and consumables | 60 | €12,950,638 | €6,219,041 | -€6.7m | -52.0% |
| Purchases | 600/8 | €12,071,642 | €5,879,645 | -€6.2m | -51.3% |
| Change in stocks: decrease (increase) | 609 | €878,995 | €339,396 | -€539,599 | -61.4% |
| Services and other goods | 61 | €8,898,846 | €4,181,311 | -€4.7m | -53.0% |
| Remuneration, social security and pensions | 62 | €9,773,254 | €5,995,509 | -€3.8m | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347,302 | €202,766 | -€144,536 | -41.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €377,361 | €23,571 | -€353,790 | -93.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €119,497 | -€567,230 | -€686,727 | |
| Other operating charges | 640/8 | €2,065 | - | -€2,065 | |
| Non-recurring operating charges | 66A | €22,928 | €1,623 | -€21,305 | -92.9% |
| Operating profit (loss) | 9901 | €1,848,939 | €469,041 | -€1.4m | -74.6% |
| Financial income | 75/76B | €145,412 | €58,528 | -€86,884 | -59.8% |
| Recurring financial income | 75 | €145,412 | €58,528 | -€86,884 | -59.8% |
| Income from current assets | 751 | €144,059 | €44,614 | -€99,445 | -69.0% |
| Other financial income | 752/9 | €1,353 | €13,914 | +€12,561 | +928.3% |
| Financial charges | 65/66B | €132,019 | €106,153 | -€25,866 | -19.6% |
| Recurring financial charges | 65 | €132,019 | €106,153 | -€25,866 | -19.6% |
| Other financial charges | 652/9 | €132,019 | €106,153 | -€25,866 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €1,862,332 | €421,416 | -€1.4m | -77.4% |
| Income taxes | 67/77 | €594,000 | €335,126 | -€258,874 | -43.6% |
| Taxes | 670/3 | €594,000 | €335,126 | -€258,874 | -43.6% |
| Profit (loss) for the period | 9904 | €1,268,332 | €86,290 | -€1.2m | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,268,332 | €86,290 | -€1.2m | -93.2% |
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 7 October 2026 via checked.be.