MEMO TRANS: 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.
MEMO TRANS
Largest movements
- Tangible fixed assets +€24,023
new in 2025: €24,023
- Receivables within one year -€6,313
down €6,313 (-8.5%), from €73,858 to €67,545
of which Trade receivables: -€18,412
- Profit (loss) carried forward -€38,125
down €38,125 (-52.0%), from €73,300 to €35,176
- Reserves +€30,000
up €30,000 (+1612.9%), from €1,860 to €31,860
of which Distributable reserves: +€30,000
- Debts after one year +€14,634
new in 2025: €14,634
- Current portion of long-term debt +€9,968
new in 2025: €9,968
- Trade debts -€2,686
no longer reported in 2025 (was €2,686)
- Gross operating margin -€40,484
down €40,484 (-63.4%), from €63,811 to €23,328
- Staff costs -€18,815
down €18,815 (-53.8%), from €34,984 to €16,169
- Depreciation +€7,977
new in 2025: €7,977
- Other operating charges -€6,240
down €6,240 (-56.1%), from €11,129 to €4,889
- Taxes -€3,126
down €3,126 (-47.6%), from €6,561 to €3,436
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 | €107,327 | €123,135 | +€15,808 | +14.7% |
| Fixed assets | 21/28 | €9,270 | €33,293 | +€24,023 | +259.1% |
| Tangible fixed assets | 22/27 | - | €24,023 | +€24,023 | |
| Furniture and vehicles | 24 | - | €24,023 | +€24,023 | |
| Financial fixed assets | 28 | €9,270 | €9,270 | = | 0.0% |
| Current assets | 29/58 | €98,057 | €89,842 | -€8,215 | -8.4% |
| Amounts receivable within one year | 40/41 | €73,858 | €67,545 | -€6,313 | -8.5% |
| Trade receivables | 40 | €36,939 | €18,527 | -€18,412 | -49.8% |
| Other amounts receivable | 41 | €36,919 | €49,018 | +€12,099 | +32.8% |
| Cash at bank and in hand | 54/58 | €22,563 | €21,386 | -€1,177 | -5.2% |
| Deferred charges and accrued income | 490/1 | €1,635 | €911 | -€725 | -44.3% |
| Total equity and liabilities | 10/49 | €107,327 | €123,135 | +€15,808 | +14.7% |
| Equity | 10/15 | €93,760 | €85,636 | -€8,125 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €31,860 | +€30,000 | +1612.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €73,300 | €35,176 | -€38,125 | -52.0% |
| Amounts payable | 17/49 | €13,567 | €37,499 | +€23,933 | +176.4% |
| Amounts payable after more than one year | 17 | - | €14,634 | +€14,634 | |
| Financial debts | 170/4 | - | €14,634 | +€14,634 | |
| Amounts payable within one year | 42/48 | €13,567 | €22,865 | +€9,298 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,968 | +€9,968 | |
| Trade debts | 44 | €2,686 | - | -€2,686 | |
| Suppliers | 440/4 | €2,686 | - | -€2,686 | |
| Taxes, remuneration and social security | 45 | €10,880 | €12,897 | +€2,017 | +18.5% |
| Taxes | 450/3 | €9,180 | €12,897 | +€3,717 | +40.5% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Remuneration, social security and pensions | 62 | €34,984 | €16,169 | -€18,815 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,977 | +€7,977 | |
| Other operating charges | 640/8 | €11,129 | €4,889 | -€6,240 | -56.1% |
| Gross operating margin | 9900 | €63,811 | €23,328 | -€40,484 | -63.4% |
| Operating profit (loss) | 9901 | €17,699 | -€5,707 | -€23,406 | |
| Financial income | 75/76B | €1,867 | €2,326 | +€460 | +24.6% |
| Recurring financial income | 75 | €1,867 | €2,326 | +€460 | +24.6% |
| Financial charges | 65/66B | €485 | €1,308 | +€823 | +169.6% |
| Recurring financial charges | 65 | €485 | €1,308 | +€823 | +169.6% |
| Profit (loss) for the period before taxes | 9903 | €19,080 | -€4,689 | -€23,769 | |
| Income taxes | 67/77 | €6,561 | €3,436 | -€3,126 | -47.6% |
| Profit (loss) for the period | 9904 | €12,519 | -€8,125 | -€20,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,519 | -€8,125 | -€20,643 |
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 5 October 2026 via checked.be.