De Transformisten: what changed
Two fiscal 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.
De Transformisten
Largest movements
- Receivables within one year +€491,454
up €491,454 (+406.7%), from €120,848 to €612,302
of which Other amounts receivable: +€504,906
- Deferred charges and accrued income +€161,607
up €161,607 (+13316.1%), from €1,214 to €162,821
- Cash +€84,284
up €84,284 (+40.6%), from €207,745 to €292,028
mainly Accrued charges and deferred income (+€712,840) and Debts within one year (+€18,578)
- Accrued charges and deferred income +€712,840
up €712,840 (+1742.8%), from €40,902 to €753,742
- Debts within one year +€18,578
up €18,578 (+26.9%), from €69,096 to €87,674
of which Tax, wage and social debts: +€14,537
- Staff costs +€43,344
up €43,344 (+15.6%), from €277,615 to €320,959
- Gross operating margin +€29,541
up €29,541 (+9.9%), from €297,845 to €327,386
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.
Cash bridge derived
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 | €367,298 | €1,105,391 | +€738,093 | +201.0% |
| Fixed assets | 21/28 | €29,991 | €30,740 | +€749 | +2.5% |
| Tangible fixed assets | 22/27 | €636 | €216 | -€419 | -66.0% |
| Plant, machinery and equipment | 23 | €636 | €216 | -€419 | -66.0% |
| Financial fixed assets | 28 | €29,355 | €30,523 | +€1,168 | +4.0% |
| Current assets | 29/58 | €337,306 | €1,074,651 | +€737,344 | +218.6% |
| Amounts receivable after more than one year | 29 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 291 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €120,848 | €612,302 | +€491,454 | +406.7% |
| Trade receivables | 40 | €14,820 | €1,368 | -€13,452 | -90.8% |
| Other amounts receivable | 41 | €106,028 | €610,934 | +€504,906 | +476.2% |
| Cash at bank and in hand | 54/58 | €207,745 | €292,028 | +€84,284 | +40.6% |
| Deferred charges and accrued income | 490/1 | €1,214 | €162,821 | +€161,607 | +13316.1% |
| Total equity and liabilities | 10/49 | €367,298 | €1,105,391 | +€738,093 | +201.0% |
| Equity | 10/15 | €257,299 | €263,975 | +€6,675 | +2.6% |
| Reserves | 13 | €117,773 | €117,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,526 | €146,201 | +€6,675 | +4.8% |
| Amounts payable | 17/49 | €109,998 | €841,416 | +€731,418 | +664.9% |
| Amounts payable within one year | 42/48 | €69,096 | €87,674 | +€18,578 | +26.9% |
| Trade debts | 44 | €8,532 | €13,983 | +€5,451 | +63.9% |
| Suppliers | 440/4 | €8,532 | €13,983 | +€5,451 | +63.9% |
| Taxes, remuneration and social security | 45 | €42,715 | €57,251 | +€14,537 | +34.0% |
| Taxes | 450/3 | €7,505 | €10,254 | +€2,748 | +36.6% |
| Remuneration and social security | 454/9 | €35,209 | €46,998 | +€11,788 | +33.5% |
| Accrued charges and deferred income | 492/3 | €40,902 | €753,742 | +€712,840 | +1742.8% |
| Remuneration, social security and pensions | 62 | €277,615 | €320,959 | +€43,344 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €419 | -€230 | -35.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120 | -€240 | -€360 | |
| Other operating charges | 640/8 | €109 | €229 | +€121 | +110.7% |
| Gross operating margin | 9900 | €297,845 | €327,386 | +€29,541 | +9.9% |
| Operating profit (loss) | 9901 | €19,351 | €6,018 | -€13,333 | -68.9% |
| Financial income | 75/76B | €1,229 | €1,414 | +€185 | +15.0% |
| Recurring financial income | 75 | €1,229 | €1,414 | +€185 | +15.0% |
| Financial charges | 65/66B | €225 | €757 | +€532 | +236.6% |
| Recurring financial charges | 65 | €190 | €719 | +€529 | +277.8% |
| Non-recurring financial charges | 66B | €35 | €38 | +€3 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €20,355 | €6,675 | -€13,680 | -67.2% |
| Profit (loss) for the period | 9904 | €20,355 | €6,675 | -€13,680 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,355 | €6,675 | -€13,680 | -67.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.