TRANSFORM
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €82,000. Estimated: probably between €71,000 and €100,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €593,376 on 31-12-2025in euro
in euro
Position in the sector
92.1%
Higher than 93% of 17,194 companies in 2025.
43.46
Higher than 95% of 16,491 companies in 2025.
5.7%
Higher than 67% of 16,870 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
593,376 | 558,534 | 524,891 | 556,601 | 610,057 | 650,444 | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.1m | 1.1m | 1.0m | 941,683 | 840,093 | 734,969 | 586,475 | 583,357 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
21/28 |
263,597 | 269,702 | 272,318 | 273,167 | 272,260 | 280,105 | 274,471 | 296,285 | 326,419 | 357,280 | 351,682 | 359,580 | 388,761 | 414,912 | 433,486 | 462,085 | 465,130 | 475,810 | 496,595 | 527,233 | |
22/27 |
263,010 | 269,115 | 271,731 | 272,580 | 271,673 | 279,518 | 273,884 | 295,698 | 325,832 | 356,693 | 351,095 | 358,993 | 388,174 | 414,325 | 432,900 | 461,498 | 464,543 | 475,223 | 496,008 | 526,646 | |
22 |
252,373 | 253,347 | 249,562 | 250,080 | 243,839 | 242,663 | 256,327 | 272,203 | 292,048 | 311,893 | 331,738 | 351,583 | 371,428 | 391,273 | 411,118 | 430,963 | 450,808 | 470,653 | 490,498 | 510,343 | |
23 |
10,412 | 12,330 | 15,011 | 10,959 | 11,586 | 13,098 | 7,247 | 5,551 | 5,320 | 5,512 | 6,201 | - | - | - | 368 | 736 | 1,104 | 1,472 | - | 0 | |
24 |
225 | 3,438 | 7,158 | 11,541 | 16,248 | 23,757 | 10,310 | 17,944 | 28,464 | 39,288 | 13,156 | 7,411 | 16,689 | 22,507 | 20,278 | 28,074 | 10,605 | 539 | 2,930 | 13,293 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | 58 | 545 | 1,135 | 1,725 | 2,026 | 2,559 | 2,580 | 3,010 | |
28 |
587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | 587 | |
29/58 |
329,779 | 288,832 | 252,573 | 283,434 | 337,797 | 370,340 | 920,406 | 883,306 | 863,834 | 845,874 | 859,328 | 796,308 | 747,744 | 686,251 | 584,601 | 479,598 | 374,963 | 259,159 | 89,880 | 56,124 | |
40/41 |
- | 421 | 421 | - | - | 1,729 | - | 2,256 | 22,591 | 25,250 | - | 15,066 | 7,251 | 3,146 | 4,575 | 719 | 3,404 | 3,390 | 26,076 | 23,738 | |
40 |
- | - | - | - | - | - | - | - | - | - | - | 9,331 | 107 | 83 | 496 | 719 | - | - | 17,526 | 17,000 | |
41 |
- | 421 | 421 | - | - | 1,729 | - | 2,256 | 22,591 | 25,250 | - | 5,735 | 7,144 | 3,064 | 4,080 | - | 3,404 | 3,390 | 8,550 | 6,738 | |
50/53 |
197,367 | 197,367 | 197,367 | 197,367 | 197,367 | 197,367 | 197,367 | 197,367 | 197,367 | 197,367 | - | - | - | - | - | - | - | - | - | - | |
54/58 |
130,189 | 89,040 | 53,701 | 84,985 | 138,573 | 169,727 | 723,039 | 682,226 | 642,312 | 621,674 | 858,147 | 781,243 | 739,472 | 683,104 | 580,026 | 478,879 | 371,025 | 249,364 | 62,673 | 24,850 | |
490/1 |
2,223 | 2,004 | 1,084 | 1,082 | 1,857 | 1,516 | - | 1,457 | 1,564 | 1,581 | 1,181 | - | 1,020 | - | - | - | 534 | 6,406 | 1,130 | 7,536 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
593,376 | 558,534 | 524,891 | 556,601 | 610,057 | 650,444 | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.1m | 1.1m | 1.0m | 941,683 | 840,093 | 734,969 | 586,475 | 583,357 | |
10/15 |
546,693 | 522,017 | 489,713 | 481,143 | 494,311 | 557,855 | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 983,444 | 501,755 | 869,314 | 768,452 | 655,015 | 531,106 | 399,276 | 214,744 | 195,897 | |
10/11 |
27,329 | 27,329 | 27,329 | 20,000 | 20,000 | 20,000 | 467,095 | 467,095 | 467,095 | 467,095 | 467,095 | 467,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | |
100 |
- | - | - | - | - | - | 467,095 | 467,095 | 467,095 | 467,095 | 467,095 | 467,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | |
13 |
107,547 | 78,706 | 46,402 | 17,832 | 31,000 | 111,000 | 200,160 | 200,160 | 200,160 | 200,160 | 167,340 | 82,911 | 6,222 | 6,222 | 6,222 | 6,222 | 6,222 | 6,222 | 6,222 | 6,222 | |
130/1 |
20,000 | 20,000 | 20,000 | - | - | - | - | - | - | - | 152,854 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 16,306 | 16,306 | 16,306 | 16,306 | 14,486 | 10,057 | 6,222 | 6,222 | 6,222 | 6,222 | 6,222 | 6,222 | 6,222 | 6,222 | |
1311 |
20,000 | 20,000 | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | - | - | - | 152,854 | - | - | - | - | - | - | - | - | - | |
133 |
87,547 | 58,706 | 26,402 | 17,832 | 31,000 | 111,000 | 183,854 | 183,854 | 183,854 | 183,854 | - | 72,854 | - | - | - | - | - | - | - | - | |
14 |
411,817 | 415,982 | 415,982 | 443,311 | 443,311 | 426,855 | 416,300 | 417,124 | 425,198 | 438,032 | 437,598 | 433,438 | 433,438 | 800,997 | 700,135 | 586,698 | 462,789 | 330,959 | 146,427 | 127,580 | |
17/49 |
46,683 | 36,517 | 35,178 | 75,458 | 115,746 | 92,590 | 111,322 | 95,211 | 97,799 | 97,866 | 138,976 | 172,444 | 634,749 | 231,848 | 249,636 | 286,668 | 308,987 | 335,693 | 371,731 | 387,460 | |
17 |
- | - | - | - | - | - | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 112,876 | 148,553 | 182,105 | 213,660 | 243,336 | 271,245 | 297,493 | 322,178 | 345,393 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | 18,677 | 54,353 | 87,906 | 119,461 | 149,137 | 177,046 | 203,293 | 227,978 | 251,193 | |
178/9 |
- | - | - | - | - | - | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | 94,200 | |
42/48 |
7,588 | 1,580 | 1,982 | 43,572 | 86,200 | 77,920 | 4,110 | 1,012 | 3,600 | 3,666 | 44,777 | 59,568 | 486,197 | 42,207 | 35,976 | 43,332 | 37,741 | 37,310 | 46,493 | 42,068 | |
42 |
- | - | - | - | - | - | - | - | - | - | 18,677 | 35,677 | 33,553 | 31,555 | 29,676 | 27,909 | 26,247 | 24,685 | 23,215 | 21,833 | |
44 |
916 | 92 | - | 146 | 85 | - | 72 | 676 | 540 | 532 | 588 | 833 | 646 | 1,395 | 223 | 273 | 660 | 72 | - | 14,284 | |
440/4 |
916 | 92 | - | 146 | 85 | - | 72 | 676 | 540 | 532 | 588 | 833 | 646 | 1,395 | 223 | 273 | 660 | 72 | - | 14,284 | |
45 |
2,919 | 1,196 | 1,956 | 6,506 | 8,731 | 3,954 | 311 | 336 | 777 | 3,000 | 23,849 | 19,576 | 46,000 | 3,896 | 3,720 | 10,804 | 8,548 | 7,616 | 16,252 | 1,039 | |
450/3 |
2,919 | 1,196 | 1,956 | 4,506 | 8,731 | 3,954 | 311 | 336 | 777 | 3,000 | 17,849 | 19,576 | 46,000 | 3,896 | 3,720 | 10,804 | 8,548 | 7,616 | 16,252 | 1,039 | |
454/9 |
- | - | - | 2,000 | - | - | - | - | - | - | 6,000 | - | - | - | - | - | - | - | - | - | |
47/48 |
3,753 | 292 | 26 | 36,920 | 77,384 | 73,966 | 3,727 | - | 2,282 | 134 | 1,664 | 3,482 | 405,998 | 5,361 | 2,357 | 4,345 | 2,286 | 4,937 | 7,026 | 4,912 | |
492/3 |
39,095 | 34,937 | 33,196 | 31,886 | 29,546 | 14,670 | 13,012 | - | - | - | - | - | - | 7,536 | - | - | - | 890 | 3,060 | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 244,175 | - | - | 134,083 | |
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,978 | 1,318 | 12,810 | - | - | - | - | |
9900 |
63,517 | 63,234 | 61,766 | 41,931 | 39,724 | 42,989 | 37,214 | 32,445 | 32,956 | 91,726 | 173,867 | 155,677 | 150,017 | 183,383 | 208,319 | 214,143 | 232,942 | 321,928 | 86,906 | 66,463 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 74,891 | - | - | 67,620 | |
630 |
6,105 | 7,719 | 7,000 | 6,953 | 9,462 | 24,676 | 25,232 | 31,353 | 31,664 | 31,525 | 24,572 | 29,181 | 29,611 | 32,739 | 29,809 | 29,781 | 24,545 | 23,778 | 30,972 | 31,547 | |
640/8 |
6,734 | 6,530 | 6,600 | 6,918 | 6,415 | 6,269 | 4,760 | 5,534 | 6,607 | 10,760 | 7,043 | 6,475 | 4,896 | 4,835 | 4,755 | 4,440 | 3,985 | 4,286 | 4,049 | 4,024 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 50 | - | - | - | - | - | - | |
9901 |
50,678 | 48,985 | 48,166 | 28,060 | 23,847 | 12,045 | 7,221 | -4,442 | -5,315 | 49,441 | 142,252 | 120,020 | 115,510 | 145,809 | 173,755 | 179,923 | 204,412 | 293,864 | 51,885 | 30,892 | |
75/76B |
- | - | 1 | - | - | 7,499 | 0 | 209 | 608 | 1,439 | 2,847 | 4,467 | 6,506 | 7,370 | 6,722 | 5,832 | 3,384 | 66 | 716 | 429 | |
75 |
- | - | 1 | - | - | 0 | - | 209 | 608 | 1,439 | 2,847 | 4,467 | 6,506 | 7,370 | 6,722 | 5,832 | 3,384 | 66 | 716 | 429 | |
76B |
- | - | - | - | - | 7,499 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
418 | 485 | 3,479 | 272 | 160 | 8,219 | 7,734 | 7,755 | 7,708 | 7,990 | 9,987 | 12,152 | 14,119 | 15,989 | 25,290 | 19,440 | 19,850 | 23,578 | 23,744 | 25,198 | |
65 |
418 | 485 | 3,479 | 272 | 160 | 8,219 | 7,734 | 7,755 | 7,708 | 7,990 | 9,987 | 12,152 | 14,119 | 15,989 | 25,290 | 19,440 | 19,850 | 23,578 | 23,744 | 25,198 | |
66B |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
50,260 | 48,500 | 44,688 | 27,788 | 23,687 | 11,325 | -512 | -11,987 | -12,414 | 42,891 | 135,112 | 112,335 | 107,897 | 139,118 | 156,505 | 179,125 | 187,946 | 270,352 | 28,857 | 6,123 | |
67/77 |
16,419 | 16,196 | 36,118 | 9,956 | 7,231 | 771 | 311 | 340 | 420 | 9,637 | 46,522 | 35,647 | 25,456 | 38,256 | 43,069 | 55,216 | 56,115 | 85,821 | 10,010 | -14,134 | |
9904 |
33,841 | 32,304 | 8,570 | 17,832 | 16,456 | 10,555 | -824 | -12,327 | -12,834 | 33,254 | 88,590 | 76,689 | 82,441 | 100,862 | 113,437 | 123,909 | 131,831 | 184,532 | 18,847 | 20,257 | |
9905 |
33,841 | 32,304 | 8,570 | 17,832 | 16,456 | 10,555 | -824 | -12,327 | -12,834 | 33,254 | 88,590 | 76,689 | 82,441 | 100,862 | 113,437 | 123,909 | 131,831 | 184,532 | 18,847 | 20,257 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
449,823 | 448,286 | 424,552 | 461,143 | 443,311 | 426,855 | 416,300 | 417,124 | 425,198 | 470,852 | 522,028 | 510,127 | 883,438 | 800,997 | 700,135 | 586,698 | 462,789 | 330,959 | 146,427 | 127,580 | |
14P |
415,982 | 415,982 | 415,982 | 443,311 | 426,855 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 31,000 | 80,000 | 72,854 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
691/2 |
28,841 | 32,304 | 8,570 | 17,832 | - | - | - | - | - | 32,820 | 84,429 | 76,689 | - | - | - | - | - | - | - | 0 | |
691 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,820 | 4,429 | 3,834 | - | - | - | - | - | - | - | - | |
6921 |
28,841 | 32,304 | 8,570 | 17,832 | - | - | - | - | - | 31,000 | 80,000 | 72,854 | - | - | - | - | - | - | - | - | |
694/7 |
9,165 | - | - | 31,000 | 80,000 | 72,854 | - | - | - | - | - | - | 450,000 | - | - | - | - | - | - | - | |
694 |
9,165 | - | - | 31,000 | 80,000 | 72,854 | - | - | - | - | - | - | 450,000 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 19 older financial years (1987-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00353801 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00427162 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00380296 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00352998 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20288891 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-53500250 | |
| 31-12-2019 | micro format | 04-12-2020 | 2020-74500186 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-24000214 | |
| 31-12-2017 | micro format | 18-05-2018 | 2018-13000476 | |
| 31-12-2016 | micro format | 16-06-2017 | 2017-17600044 | |
| 31-12-2015 | abbreviated format | 22-08-2016 | 2016-44200560 | |
| 31-12-2014 | abbreviated format | 10-07-2015 | 2015-28700246 | |
| 31-12-2013 | abbreviated format | 02-07-2014 | 2014-25500034 | |
| 31-12-2012 | full format | 02-08-2013 | 2013-39000179 | |
| 31-12-2011 | full format | 30-07-2012 | 2012-36600079 | |
| 31-12-2010 | full format | 09-08-2011 | 2011-38800594 | |
| 31-12-2009 | full format | 23-08-2010 | 2010-43900441 | |
| 31-12-2008 | abbreviated format | 25-08-2009 | 2009-67700398 | |
| 31-12-2007 | abbreviated format | 22-08-2008 | 2008-59000201 | |
| 31-12-2006 | abbreviated format | 16-08-2007 | 2007-57300065 | |
| 31-12-2005 | abbreviated format | 11-07-2006 | 2006-47502206 | |
| 31-12-2004 | abbreviated format | 20-07-2005 | 2005-51304272 | |
| 31-12-2003 | abbreviated format | 13-10-2004 | 2004-73105202 | |
| 31-12-2002 | abbreviated format | 25-09-2003 | 2003-68804583 | |
| 31-12-2001 | abbreviated format | 03-10-2002 | 2002-62403356 | |
| 31-12-2000 | abbreviated format | 14-08-2001 | 2001-50104267 | |
| 31-12-1999 | abbreviated format | 27-10-2000 | 2000-68401239 | |
| 31-12-1998 | abbreviated format | 26-11-1999 | 1999-60600997 | |
| 31-12-1997 | abbreviated format | 22-10-1998 | 1998-54401377 | |
| 31-12-1996 | abbreviated format | 01-12-1997 | 1997-54902586 | |
| 31-12-1995 | abbreviated format | 27-06-1996 | 1996-22704618 | |
| 31-12-1994 | abbreviated format | 29-06-1995 | 1995-32503077 | |
| 31-12-1993 | abbreviated format | 08-07-1994 | 1994-28302417 | |
| 31-12-1992 | abbreviated format | 22-09-1993 | 1993-36602941 | |
| 31-12-1991 | abbreviated format | 30-06-1992 | 1992-19900934 | |
| 31-12-1990 | abbreviated format | 08-07-1991 | 1991-16500970 | |
| 31-12-1989 | abbreviated format | 24-08-1990 | 1990-22301736 | |
| 31-12-1988 | abbreviated format | 30-06-1989 | 1989-12805066 | |
| 31-12-1987 | abbreviated format | 19-07-1988 | 1988-16202898 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56,783 | 56,704 | 55,166 | 35,013 | 33,309 | 36,720 | 32,454 | 26,910 | 26,349 | 80,966 | 166,824 | 149,202 | 145,121 | 178,548 | 203,564 | 209,704 | 228,957 | 317,642 | 82,857 | 62,439 | ||
| 39,946 | 40,023 | 15,570 | 24,785 | 25,918 | 35,230 | 24,409 | 19,026 | 18,830 | 64,779 | 113,161 | 105,870 | 112,052 | 133,601 | 143,246 | 153,689 | 156,376 | 208,310 | 49,819 | 51,804 | ||
| 0 | 5,103 | 6,150 | 7,860 | 1,617 | 30,081 | 3,419 | 1,219 | 803 | 37,123 | 7,938 | 0 | 3,461 | 14,164 | 1,210 | 26,736 | 13,865 | 2,993 | 334 | 0 | ||
| 41,149 | 35,339 | -31,284 | -53,588 | -31,154 | -553,312 | 40,813 | 39,913 | 20,638 | -236,473 | 76,905 | 41,770 | 56,368 | 103,079 | 101,147 | 107,854 | 121,662 | 186,691 | 37,823 | - | ||
| 322,191 | 287,252 | 250,591 | 239,862 | 251,597 | 292,420 | 916,296 | 882,294 | 860,235 | 842,207 | 814,551 | 736,740 | 261,547 | 644,044 | 548,625 | 436,267 | 337,222 | 221,849 | 43,387 | 14,057 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 83.7% | - | - | 23.0% | ||
| 92.1% | 93.5% | 93.3% | 86.4% | 81.0% | 85.8% | 90.7% | 91.9% | 91.8% | 91.9% | 88.5% | 85.1% | 44.1% | 78.9% | 75.5% | 69.6% | 63.2% | 54.3% | 36.6% | 33.6% | ||
| 43.46 | - | - | 6.50 | 3.92 | 4.75 | - | - | - | - | 19.19 | 13.37 | 1.54 | 16.26 | 16.25 | 11.07 | 9.94 | 6.95 | 1.93 | 1.33 | ||
| 0.09 | 0.07 | 0.07 | 0.16 | 0.23 | 0.17 | 0.10 | 0.09 | 0.09 | 0.09 | 0.13 | 0.18 | 1.27 | 0.27 | 0.32 | 0.44 | 0.58 | 0.84 | 1.73 | 1.98 | ||
| 6.2% | 6.2% | 1.8% | 3.7% | 3.3% | 1.9% | -0.1% | -1.1% | -1.2% | 3.0% | 8.3% | 7.8% | 16.4% | 11.6% | 14.8% | 18.9% | 24.8% | 46.2% | 8.8% | 10.3% | ||
| 5.7% | 5.8% | 1.6% | 3.2% | 2.7% | 1.6% | -0.1% | -1.0% | -1.1% | 2.8% | 7.3% | 6.6% | 7.3% | 9.2% | 11.1% | 13.2% | 15.7% | 25.1% | 3.2% | 3.5% | ||
| over 100 | over 100 | 15.86 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5 days | - | - | 46 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3 days | - | - | 77 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,103 | €6,150 | €7,860 | €1,617 |
| €6,105 | €7,719 | €7,000 | €6,953 | €9,462 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TRANSFORM
The operating result for 2025 is 3% higher than in 2024 and the highest since 2015. It is the eighth rise in a row, after the fall in 2017.
Debt's share of the balance-sheet total rises from 6.5% to 7.9%. Equity and debt are higher.