RE - 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.
RE - TRANS
Largest movements
- Deferred charges and accrued income -€14,309
down €14,309 (-84.1%), from €17,018 to €2,709
- Receivables within one year -€7,369
down €7,369 (-68.1%), from €10,821 to €3,451
of which Trade receivables: -€7,369
- Cash +€3,672
up €3,672 (+19.2%), from €19,162 to €22,834
mainly Deferred charges and accrued income (+€14,309) and Receivables within one year (+€7,369)
- Stocks and contracts +€3,348
up €3,348 (+10.8%), from €30,971 to €34,319
- Trade debts -€6,952
down €6,952 (-99.5%), from €6,985 to €33
- Current portion of long-term debt -€6,874
down €6,874 (-100.0%), from €6,874 to €0
- Profit (loss) carried forward -€2,570
down €2,570 (-6.4%), from -€40,216 to -€42,786
- Other debts +€1,857
up €1,857 (+22.5%), from €8,250 to €10,107
- Write-downs -€6,380
down €6,380 (-100.0%), from €6,380 to €0
- Gross operating margin -€3,689
down €3,689 (-22.7%), from €16,239 to €12,550
- Other operating charges -€1,037
down €1,037 (-6.9%), from €15,034 to €13,997
- Financial charges -€760
down €760 (-37.9%), from €2,008 to €1,247
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 | €87,377 | €72,624 | -€14,754 | -16.9% |
| Fixed assets | 21/28 | €9,407 | €9,311 | -€96 | -1.0% |
| Tangible fixed assets | 22/27 | €407 | €311 | -€96 | -23.5% |
| Other tangible fixed assets | 26 | €407 | €311 | -€96 | -23.5% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €77,971 | €63,313 | -€14,658 | -18.8% |
| Stocks and contracts in progress | 3 | €30,971 | €34,319 | +€3,348 | +10.8% |
| Stocks | 30/36 | €30,971 | €34,319 | +€3,348 | +10.8% |
| Amounts receivable within one year | 40/41 | €10,821 | €3,451 | -€7,369 | -68.1% |
| Trade receivables | 40 | €7,369 | €0 | -€7,369 | -100.0% |
| Other amounts receivable | 41 | €3,451 | €3,451 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,162 | €22,834 | +€3,672 | +19.2% |
| Deferred charges and accrued income | 490/1 | €17,018 | €2,709 | -€14,309 | -84.1% |
| Total equity and liabilities | 10/49 | €87,377 | €72,624 | -€14,754 | -16.9% |
| Equity | 10/15 | €50,409 | €47,839 | -€2,570 | -5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €84,425 | €84,425 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,566 | €37,566 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,216 | -€42,786 | -€2,570 | -6.4% |
| Amounts payable | 17/49 | €36,968 | €24,785 | -€12,183 | -33.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,968 | €24,785 | -€12,183 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €6,874 | €0 | -€6,874 | -100.0% |
| Financial debts | 43 | €9,000 | €9,000 | = | 0.0% |
| Credit institutions | 430/8 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €6,985 | €33 | -€6,952 | -99.5% |
| Suppliers | 440/4 | €6,985 | €33 | -€6,952 | -99.5% |
| Taxes, remuneration and social security | 45 | €5,859 | €5,644 | -€215 | -3.7% |
| Taxes | 450/3 | €5,859 | €5,644 | -€215 | -3.7% |
| Other amounts payable | 47/48 | €8,250 | €10,107 | +€1,857 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96 | €96 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,380 | €0 | -€6,380 | -100.0% |
| Other operating charges | 640/8 | €15,034 | €13,997 | -€1,037 | -6.9% |
| Non-recurring operating charges | 66A | €425 | €0 | -€425 | -100.0% |
| Gross operating margin | 9900 | €16,239 | €12,550 | -€3,689 | -22.7% |
| Operating profit (loss) | 9901 | -€5,695 | -€1,543 | +€4,152 | +72.9% |
| Financial income | 75/76B | €117 | €220 | +€103 | +88.5% |
| Recurring financial income | 75 | €117 | €220 | +€103 | +88.5% |
| Financial charges | 65/66B | €2,008 | €1,247 | -€760 | -37.9% |
| Recurring financial charges | 65 | €2,008 | €1,247 | -€760 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,586 | -€2,570 | +€5,015 | +66.1% |
| Profit (loss) for the period | 9904 | -€7,586 | -€2,570 | +€5,015 | +66.1% |
| Transfer from tax-exempt reserves | 789 | €9,000 | €0 | -€9,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,414 | -€2,570 | -€3,985 |
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 7 October 2026 via checked.be.