TE TRANS: 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.
TE TRANS
Largest movements
- Receivables within one year +€979,408
up €979,408 (+51.0%), from €1.9m to €2.9m
of which Trade receivables: +€1.0m
- Tangible fixed assets -€765,713
down €765,713 (-28.3%), from €2.7m to €1.9m
of which Leasing and similar rights: -€846,202
- Debts after one year -€969,248
down €969,248 (-42.7%), from €2.3m to €1.3m
of which Financial debts: -€863,528
- Trade debts +€968,252
up €968,252 (+125%), from €771,714 to €1.7m
- Current portion of long-term debt -€240,493
down €240,493 (-22.7%), from €1.1m to €817,078
- Tax, wage and social debts +€185,580
up €185,580 (+20.9%), from €887,834 to €1.1m
of which Taxes: +€170,816
- Short-term financial debts +€181,740
up €181,740 (+41.3%), from €439,947 to €621,686
- Gross operating margin +€977,755
up €977,755 (+18.5%), from €5.3m to €6.3m
- Staff costs +€867,607
up €867,607 (+21.4%), from €4.1m to €4.9m
- Financial charges +€328,857
up €328,857 (+123%), from €267,749 to €596,606
of which Non-recurring financial charges: +€378,848
- Depreciation -€158,586
down €158,586 (-21.0%), from €754,332 to €595,746
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,300,703 | €6,462,947 | +€162,243 | +2.6% |
| Fixed assets | 21/28 | €4,230,297 | €3,464,483 | -€765,813 | -18.1% |
| Tangible fixed assets | 22/27 | €2,708,941 | €1,943,228 | -€765,713 | -28.3% |
| Plant, machinery and equipment | 23 | €1,435 | €1,031 | -€404 | -28.1% |
| Furniture and vehicles | 24 | €693,891 | €261,192 | -€432,699 | -62.4% |
| Leasing and similar rights | 25 | €2,012,012 | €1,165,810 | -€846,202 | -42.1% |
| Other tangible fixed assets | 26 | €1,603 | €515,195 | +€513,592 | +32,034% |
| Financial fixed assets | 28 | €1,521,355 | €1,521,255 | -€100 | 0.0% |
| Current assets | 29/58 | €2,070,407 | €2,998,464 | +€928,057 | +44.8% |
| Amounts receivable within one year | 40/41 | €1,921,111 | €2,900,519 | +€979,408 | +51.0% |
| Trade receivables | 40 | €1,845,942 | €2,856,472 | +€1.0m | +54.7% |
| Other amounts receivable | 41 | €75,168 | €44,047 | -€31,121 | -41.4% |
| Cash at bank and in hand | 54/58 | €47,979 | €0 | -€47,979 | -100% |
| Deferred charges and accrued income | 490/1 | €101,317 | €97,945 | -€3,372 | -3.3% |
| Total equity and liabilities | 10/49 | €6,300,703 | €6,462,947 | +€162,243 | +2.6% |
| Equity | 10/15 | €847,447 | €879,763 | +€32,316 | +3.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €463,000 | €463,000 | = | 0.0% |
| Distributable reserves | 133 | €463,000 | €463,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €363,987 | €396,303 | +€32,316 | +8.9% |
| Amounts payable | 17/49 | €5,453,257 | €5,583,184 | +€129,927 | +2.4% |
| Amounts payable after more than one year | 17 | €2,271,639 | €1,302,391 | -€969,248 | -42.7% |
| Financial debts | 170/4 | €1,973,064 | €1,109,536 | -€863,528 | -43.8% |
| Other amounts payable | 178/9 | €298,575 | €192,855 | -€105,720 | -35.4% |
| Amounts payable within one year | 42/48 | €3,181,618 | €4,262,010 | +€1.1m | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €1,057,571 | €817,078 | -€240,493 | -22.7% |
| Financial debts | 43 | €439,947 | €621,686 | +€181,740 | +41.3% |
| Credit institutions | 430/8 | €439,947 | €621,686 | +€181,740 | +41.3% |
| Trade debts | 44 | €771,714 | €1,739,965 | +€968,252 | +125% |
| Suppliers | 440/4 | €771,714 | €1,739,965 | +€968,252 | +125% |
| Taxes, remuneration and social security | 45 | €887,834 | €1,073,414 | +€185,580 | +20.9% |
| Taxes | 450/3 | €358,824 | €529,640 | +€170,816 | +47.6% |
| Remuneration and social security | 454/9 | €529,010 | €543,774 | +€14,765 | +2.8% |
| Other amounts payable | 47/48 | €24,553 | €9,866 | -€14,687 | -59.8% |
| Accrued charges and deferred income | 492/3 | - | €18,783 | +€18,783 | |
| Non-recurring operating income | 76A | €868 | €114,387 | +€113,519 | +13,073% |
| Remuneration, social security and pensions | 62 | €4,052,588 | €4,920,195 | +€867,607 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €754,332 | €595,746 | -€158,586 | -21.0% |
| Other operating charges | 640/8 | €168,396 | €117,047 | -€51,349 | -30.5% |
| Gross operating margin | 9900 | €5,294,927 | €6,272,682 | +€977,755 | +18.5% |
| Operating profit (loss) | 9901 | €319,612 | €639,694 | +€320,082 | +100% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €267,749 | €596,606 | +€328,857 | +123% |
| Recurring financial charges | 65 | €267,749 | €217,758 | -€49,991 | -18.7% |
| Non-recurring financial charges | 66B | - | €378,848 | +€378,848 | |
| Profit (loss) for the period before taxes | 9903 | €51,890 | €43,088 | -€8,802 | -17.0% |
| Income taxes | 67/77 | €40,316 | €10,772 | -€29,544 | -73.3% |
| Profit (loss) for the period | 9904 | €11,574 | €32,316 | +€20,742 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €11,574 | €32,316 | +€20,742 | +179% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.