Tranzistor: 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.
Tranzistor
Largest movements
- Receivables within one year -€96,296
down €96,296 (-48.0%), from €200,588 to €104,292
of which Trade receivables: -€93,103
- Deferred charges and accrued income +€68,099
up €68,099 (+40.1%), from €170,002 to €238,101
- Tangible fixed assets -€22,044
down €22,044 (-21.0%), from €104,907 to €82,863
of which Plant, machinery and equipment: -€16,383
- Intangible fixed assets +€15,867
new in 2025: €15,867
- Cash +€6,456
up €6,456 (+110%), from €5,871 to €12,327
mainly Receivables within one year (+€96,296) and Depreciation (+€62,011)
- Current portion of long-term debt -€32,994
down €32,994 (-64.7%), from €50,964 to €17,970
- Debts after one year -€25,969
down €25,969 (-44.8%), from €57,969 to €32,000
- Trade debts +€11,907
up €11,907 (+4.7%), from €253,688 to €265,595
- Profit (loss) carried forward +€8,759
up €8,759 (+10.5%), from €83,430 to €92,189
- Other debts +€6,059
up €6,059 (+25.3%), from €23,941 to €30,000
- Write-downs +€33,632
new in 2025: €33,632
- Gross operating margin +€32,407
up €32,407 (+38.7%), from €83,791 to €116,198
- Depreciation -€13,935
down €13,935 (-18.3%), from €75,946 to €62,011
- Taxes +€9,542
up €9,542, from -€2,266 to €7,276
- Other operating charges -€5,107
down €5,107 (-90.0%), from €5,677 to €570
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 | €481,368 | €453,450 | -€27,918 | -5.8% |
| Fixed assets | 21/28 | €104,907 | €98,730 | -€6,177 | -5.9% |
| Intangible fixed assets | 21 | - | €15,867 | +€15,867 | |
| Tangible fixed assets | 22/27 | €104,907 | €82,863 | -€22,044 | -21.0% |
| Plant, machinery and equipment | 23 | €66,529 | €50,146 | -€16,383 | -24.6% |
| Other tangible fixed assets | 26 | €38,378 | €32,717 | -€5,661 | -14.8% |
| Current assets | 29/58 | €376,461 | €354,720 | -€21,741 | -5.8% |
| Amounts receivable within one year | 40/41 | €200,588 | €104,292 | -€96,296 | -48.0% |
| Trade receivables | 40 | €191,506 | €98,403 | -€93,103 | -48.6% |
| Other amounts receivable | 41 | €9,082 | €5,889 | -€3,193 | -35.2% |
| Cash at bank and in hand | 54/58 | €5,871 | €12,327 | +€6,456 | +110% |
| Deferred charges and accrued income | 490/1 | €170,002 | €238,101 | +€68,099 | +40.1% |
| Total equity and liabilities | 10/49 | €481,368 | €453,450 | -€27,918 | -5.8% |
| Equity | 10/15 | €91,185 | €99,944 | +€8,759 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €327 | €327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €327 | €327 | = | 0.0% |
| Reserves not available under the articles | 1311 | €327 | €327 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,430 | €92,189 | +€8,759 | +10.5% |
| Investment grants | 15 | €1,228 | €1,228 | = | 0.0% |
| Amounts payable | 17/49 | €390,183 | €353,506 | -€36,677 | -9.4% |
| Amounts payable after more than one year | 17 | €57,969 | €32,000 | -€25,969 | -44.8% |
| Financial debts | 170/4 | €57,969 | €32,000 | -€25,969 | -44.8% |
| Amounts payable within one year | 42/48 | €328,593 | €317,565 | -€11,028 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €50,964 | €17,970 | -€32,994 | -64.7% |
| Trade debts | 44 | €253,688 | €265,595 | +€11,907 | +4.7% |
| Suppliers | 440/4 | €253,688 | €265,595 | +€11,907 | +4.7% |
| Taxes, remuneration and social security | 45 | - | €4,000 | +€4,000 | |
| Taxes | 450/3 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €23,941 | €30,000 | +€6,059 | +25.3% |
| Accrued charges and deferred income | 492/3 | €3,621 | €3,941 | +€320 | +8.8% |
| Remuneration, social security and pensions | 62 | €209 | - | -€209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,946 | €62,011 | -€13,935 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,632 | +€33,632 | |
| Other operating charges | 640/8 | €5,677 | €570 | -€5,107 | -90.0% |
| Gross operating margin | 9900 | €83,791 | €116,198 | +€32,407 | +38.7% |
| Operating profit (loss) | 9901 | €1,959 | €19,985 | +€18,026 | +920% |
| Financial charges | 65/66B | €3,078 | €3,950 | +€872 | +28.3% |
| Recurring financial charges | 65 | €3,078 | €3,950 | +€872 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,119 | €16,035 | +€17,154 | |
| Income taxes | 67/77 | -€2,266 | €7,276 | +€9,542 | |
| Profit (loss) for the period | 9904 | €1,147 | €8,759 | +€7,612 | +664% |
| Profit (loss) for the period to be appropriated | 9905 | €1,147 | €8,759 | +€7,612 | +664% |
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 13 October 2026 via checked.be.