The Transformer House: 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.
The Transformer House
Largest movements
- Cash +€68,892
up €68,892 (+83.7%), from €82,288 to €151,179
mainly Depreciation (+€60,156) and Net result for the year (+€41,808)
- Tangible fixed assets -€60,156
down €60,156 (-4.6%), from €1.3m to €1.2m
- Deferred charges and accrued income -€21,051
down €21,051 (-86.3%), from €24,385 to €3,334
- Debts after one year -€55,570
down €55,570 (-5.6%), from €984,106 to €928,536
- Profit (loss) carried forward +€41,808
up €41,808 (+70.4%), from €59,374 to €101,182
- Gross operating margin +€11,857
up €11,857 (+8.8%), from €134,812 to €146,669
- Taxes +€2,411
up €2,411 (+30.0%), from €8,041 to €10,452
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.
Derived cash bridge
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 | €1,414,486 | €1,404,219 | -€10,267 | -0.7% |
| Fixed assets | 21/28 | €1,307,813 | €1,247,657 | -€60,156 | -4.6% |
| Tangible fixed assets | 22/27 | €1,307,813 | €1,247,657 | -€60,156 | -4.6% |
| Land and buildings | 22 | €1,307,813 | €1,247,657 | -€60,156 | -4.6% |
| Current assets | 29/58 | €106,673 | €156,562 | +€49,889 | +46.8% |
| Amounts receivable within one year | 40/41 | - | €2,048 | +€2,048 | |
| Other amounts receivable | 41 | - | €2,048 | +€2,048 | |
| Cash at bank and in hand | 54/58 | €82,288 | €151,179 | +€68,892 | +83.7% |
| Deferred charges and accrued income | 490/1 | €24,385 | €3,334 | -€21,051 | -86.3% |
| Total equity and liabilities | 10/49 | €1,414,486 | €1,404,219 | -€10,267 | -0.7% |
| Equity | 10/15 | €359,374 | €401,182 | +€41,808 | +11.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,374 | €101,182 | +€41,808 | +70.4% |
| Amounts payable | 17/49 | €1,055,112 | €1,003,037 | -€52,075 | -4.9% |
| Amounts payable after more than one year | 17 | €984,106 | €928,536 | -€55,570 | -5.6% |
| Financial debts | 170/4 | €984,106 | €928,536 | -€55,570 | -5.6% |
| Amounts payable within one year | 42/48 | €69,637 | €73,198 | +€3,561 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €54,754 | €55,570 | +€816 | +1.5% |
| Trade debts | 44 | €11,842 | €17,628 | +€5,786 | +48.9% |
| Suppliers | 440/4 | €11,842 | €17,628 | +€5,786 | +48.9% |
| Taxes, remuneration and social security | 45 | €3,041 | - | -€3,041 | |
| Taxes | 450/3 | €3,041 | - | -€3,041 | |
| Accrued charges and deferred income | 492/3 | €1,369 | €1,303 | -€66 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,156 | €60,156 | = | 0.0% |
| Other operating charges | 640/8 | €18,582 | €19,164 | +€582 | +3.1% |
| Gross operating margin | 9900 | €134,812 | €146,669 | +€11,857 | +8.8% |
| Operating profit (loss) | 9901 | €56,074 | €67,349 | +€11,275 | +20.1% |
| Financial charges | 65/66B | €15,870 | €15,090 | -€781 | -4.9% |
| Recurring financial charges | 65 | €15,870 | €15,090 | -€781 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €40,204 | €52,260 | +€12,056 | +30.0% |
| Income taxes | 67/77 | €8,041 | €10,452 | +€2,411 | +30.0% |
| Profit (loss) for the period | 9904 | €32,163 | €41,808 | +€9,645 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,163 | €41,808 | +€9,645 | +30.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.