Tranzistor: what changed
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
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it 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% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.