TRASENSTER 24: 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.
TRASENSTER 24
Largest movements
- Tangible fixed assets -€18,665
down €18,665 (-4.2%), from €444,127 to €425,462
- Cash -€6,119
down €6,119 (-77.5%), from €7,896 to €1,777
mainly Contributions, distributions and other (-€29,373) and Investment in fixed assets (net) (-€11,618)
- Contributions -€16,000
down €16,000 (-6.9%), from €233,500 to €217,500
- Other debts +€16,000
up €16,000 (+50.0%), from €32,000 to €48,000
- Investment grants -€13,373
down €13,373 (-8.6%), from €155,170 to €141,797
- Debts after one year -€7,218
down €7,218 (-10.3%), from €70,369 to €63,151
- Gross operating margin +€1,845
up €1,845 (+8.6%), from €21,455 to €23,300
- Depreciation +€996
up €996 (+3.4%), from €29,287 to €30,283
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 | €452,548 | €429,937 | -€22,611 | -5.0% |
| Fixed assets | 21/28 | €444,127 | €425,462 | -€18,665 | -4.2% |
| Tangible fixed assets | 22/27 | €444,127 | €425,462 | -€18,665 | -4.2% |
| Land and buildings | 22 | €444,127 | €425,462 | -€18,665 | -4.2% |
| Current assets | 29/58 | €8,421 | €4,475 | -€3,946 | -46.9% |
| Cash at bank and in hand | 54/58 | €7,896 | €1,777 | -€6,119 | -77.5% |
| Deferred charges and accrued income | 490/1 | €525 | €2,698 | +€2,173 | +414% |
| Total equity and liabilities | 10/49 | €452,548 | €429,937 | -€22,611 | -5.0% |
| Equity | 10/15 | €335,618 | €307,695 | -€27,923 | -8.3% |
| Contributions | 10/11 | €233,500 | €217,500 | -€16,000 | -6.9% |
| Profit (loss) carried forward | 14 | -€53,052 | -€51,602 | +€1,450 | +2.7% |
| Investment grants | 15 | €155,170 | €141,797 | -€13,373 | -8.6% |
| Amounts payable | 17/49 | €116,930 | €122,242 | +€5,312 | +4.5% |
| Amounts payable after more than one year | 17 | €70,369 | €63,151 | -€7,218 | -10.3% |
| Financial debts | 170/4 | €70,369 | €63,151 | -€7,218 | -10.3% |
| Amounts payable within one year | 42/48 | €46,561 | €59,091 | +€12,530 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €14,434 | €10,826 | -€3,608 | -25.0% |
| Trade debts | 44 | €127 | €265 | +€138 | +109% |
| Suppliers | 440/4 | €127 | €265 | +€138 | +109% |
| Other amounts payable | 47/48 | €32,000 | €48,000 | +€16,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,287 | €30,283 | +€996 | +3.4% |
| Other operating charges | 640/8 | €4,688 | €4,835 | +€147 | +3.1% |
| Gross operating margin | 9900 | €21,455 | €23,300 | +€1,845 | +8.6% |
| Operating profit (loss) | 9901 | -€12,520 | -€11,818 | +€702 | +5.6% |
| Financial income | 75/76B | €13,373 | €13,373 | = | 0.0% |
| Recurring financial income | 75 | €13,373 | €13,373 | = | 0.0% |
| Financial charges | 65/66B | €108 | €105 | -€3 | -2.8% |
| Recurring financial charges | 65 | €108 | €105 | -€3 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €745 | €1,450 | +€705 | +94.6% |
| Profit (loss) for the period | 9904 | €745 | €1,450 | +€705 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €745 | €1,450 | +€705 | +94.6% |
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 29 October 2026 via checked.be.