TRANSBELDECOR: 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.
TRANSBELDECOR
Largest movements
- Tangible fixed assets -€22,190
down €22,190 (-5.3%), from €417,533 to €395,343
of which Land and buildings: -€17,712
- Deferred charges and accrued income -€15,066
down €15,066 (-58.8%), from €25,611 to €10,545
- Receivables within one year +€14,855
up €14,855 (+9.3%), from €160,003 to €174,858
of which Trade receivables: +€12,705
- Cash +€12,626
up €12,626 (+54.1%), from €23,319 to €35,945
mainly Trade debts (+€26,049) and Depreciation (+€22,190)
- Tax, wage and social debts -€30,684
down €30,684 (-72.2%), from €42,504 to €11,820
of which Taxes: -€29,060
- Trade debts +€26,049
up €26,049 (+265%), from €9,824 to €35,873
- Debts after one year -€20,996
down €20,996 (-9.1%), from €231,584 to €210,588
of which Financial debts: -€20,197
- Reserves +€11,500
up €11,500 (+38.5%), from €29,859 to €41,359
of which Distributable reserves: +€11,500
- Other debts +€10,206
up €10,206 (+7.9%), from €129,378 to €139,584
- Gross operating margin -€31,166
down €31,166 (-21.3%), from €146,554 to €115,388
- Taxes -€11,035
down €11,035 (-66.4%), from €16,617 to €5,582
- Other operating charges -€6,510
down €6,510 (-53.3%), from €12,208 to €5,699
- Staff costs +€4,624
up €4,624 (+7.5%), from €61,950 to €66,574
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 | €636,795 | €632,685 | -€4,110 | -0.6% |
| Fixed assets | 21/28 | €418,173 | €395,983 | -€22,190 | -5.3% |
| Tangible fixed assets | 22/27 | €417,533 | €395,343 | -€22,190 | -5.3% |
| Land and buildings | 22 | €409,146 | €391,434 | -€17,712 | -4.3% |
| Plant, machinery and equipment | 23 | €3,714 | €2,027 | -€1,687 | -45.4% |
| Furniture and vehicles | 24 | €4,673 | €1,882 | -€2,790 | -59.7% |
| Financial fixed assets | 28 | €640 | €640 | = | 0.0% |
| Current assets | 29/58 | €218,622 | €236,702 | +€18,080 | +8.3% |
| Stocks and contracts in progress | 3 | €9,688 | €15,353 | +€5,664 | +58.5% |
| Stocks | 30/36 | €9,688 | €15,353 | +€5,664 | +58.5% |
| Amounts receivable within one year | 40/41 | €160,003 | €174,858 | +€14,855 | +9.3% |
| Trade receivables | 40 | €125,708 | €138,413 | +€12,705 | +10.1% |
| Other amounts receivable | 41 | €34,295 | €36,445 | +€2,150 | +6.3% |
| Cash at bank and in hand | 54/58 | €23,319 | €35,945 | +€12,626 | +54.1% |
| Deferred charges and accrued income | 490/1 | €25,611 | €10,545 | -€15,066 | -58.8% |
| Total equity and liabilities | 10/49 | €636,795 | €632,685 | -€4,110 | -0.6% |
| Equity | 10/15 | €197,060 | €208,624 | +€11,564 | +5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €29,859 | €41,359 | +€11,500 | +38.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €39,500 | +€11,500 | +41.1% |
| Profit (loss) carried forward | 14 | €148,608 | €148,672 | +€64 | 0.0% |
| Amounts payable | 17/49 | €439,735 | €424,061 | -€15,674 | -3.6% |
| Amounts payable after more than one year | 17 | €231,584 | €210,588 | -€20,996 | -9.1% |
| Financial debts | 170/4 | €229,185 | €208,988 | -€20,197 | -8.8% |
| Other amounts payable | 178/9 | €2,399 | €1,600 | -€799 | -33.3% |
| Amounts payable within one year | 42/48 | €202,151 | €207,473 | +€5,322 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €20,445 | €20,197 | -€249 | -1.2% |
| Trade debts | 44 | €9,824 | €35,873 | +€26,049 | +265% |
| Suppliers | 440/4 | €9,824 | €35,873 | +€26,049 | +265% |
| Taxes, remuneration and social security | 45 | €42,504 | €11,820 | -€30,684 | -72.2% |
| Taxes | 450/3 | €31,634 | €2,574 | -€29,060 | -91.9% |
| Remuneration and social security | 454/9 | €10,870 | €9,246 | -€1,623 | -14.9% |
| Other amounts payable | 47/48 | €129,378 | €139,584 | +€10,206 | +7.9% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €61,950 | €66,574 | +€4,624 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,859 | €22,190 | -€670 | -2.9% |
| Other operating charges | 640/8 | €12,208 | €5,699 | -€6,510 | -53.3% |
| Gross operating margin | 9900 | €146,554 | €115,388 | -€31,166 | -21.3% |
| Operating profit (loss) | 9901 | €49,536 | €20,926 | -€28,610 | -57.8% |
| Financial income | 75/76B | €3 | €2 | -€1 | -46.7% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -46.7% |
| Financial charges | 65/66B | €4,155 | €3,781 | -€373 | -9.0% |
| Recurring financial charges | 65 | €4,155 | €3,781 | -€373 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €45,384 | €17,146 | -€28,238 | -62.2% |
| Income taxes | 67/77 | €16,617 | €5,582 | -€11,035 | -66.4% |
| Profit (loss) for the period | 9904 | €28,768 | €11,564 | -€17,204 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,768 | €11,564 | -€17,204 | -59.8% |
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 30 October 2026 via checked.be.