TRANSAC'S: 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.
TRANSAC'S
Largest movements
- Financial fixed assets +€203,672
up €203,672 (+95.6%), from €213,151 to €416,823
- Receivables after one year -€135,237
down €135,237 (-91.3%), from €148,198 to €12,961
- Cash -€15,715
down €15,715 (-44.0%), from €35,724 to €20,009
mainly Investment in fixed assets (net) (-€203,672) and Debts after one year (-€24,843)
- Receivables within one year +€7,916
up €7,916 (+44.5%), from €17,769 to €25,685
of which Other amounts receivable: +€17,831
- Reserves +€101,989
up €101,989 (+137%), from €74,595 to €176,584
- Debts after one year -€24,843
down €24,843 (-13.1%), from €189,236 to €164,394
of which Financial debts: -€18,000
- Tax, wage and social debts -€17,272
down €17,272 (-47.4%), from €36,471 to €19,199
- Gross operating margin +€117,068
up €117,068, from -€877 to €116,191
- Taxes +€30,361
up €30,361 (+276%), from €10,994 to €41,355
- Staff costs +€9,978
new in 2025: €9,978
- Financial income -€8,281
down €8,281 (-14.1%), from €58,801 to €50,520
- Write-downs +€5,000
up €5,000, from €0 to €5,000
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 | €414,842 | €476,784 | +€61,942 | +14.9% |
| Fixed assets | 21/28 | €213,151 | €416,823 | +€203,672 | +95.6% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €213,151 | €416,823 | +€203,672 | +95.6% |
| Current assets | 29/58 | €201,691 | €59,961 | -€141,730 | -70.3% |
| Amounts receivable after more than one year | 29 | €148,198 | €12,961 | -€135,237 | -91.3% |
| Other amounts receivable | 291 | €148,198 | €12,961 | -€135,237 | -91.3% |
| Amounts receivable within one year | 40/41 | €17,769 | €25,685 | +€7,916 | +44.5% |
| Trade receivables | 40 | €15,500 | €5,585 | -€9,915 | -64.0% |
| Other amounts receivable | 41 | €2,269 | €20,100 | +€17,831 | +786% |
| Cash at bank and in hand | 54/58 | €35,724 | €20,009 | -€15,715 | -44.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,306 | +€1,306 | |
| Total equity and liabilities | 10/49 | €414,842 | €476,784 | +€61,942 | +14.9% |
| Equity | 10/15 | €183,701 | €285,690 | +€101,989 | +55.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €74,595 | €176,584 | +€101,989 | +137% |
| Distributable reserves | 133 | €74,595 | €176,584 | +€101,989 | +137% |
| Profit (loss) carried forward | 14 | €94,106 | €94,106 | = | 0.0% |
| Amounts payable | 17/49 | €231,141 | €191,094 | -€40,047 | -17.3% |
| Amounts payable after more than one year | 17 | €189,236 | €164,394 | -€24,843 | -13.1% |
| Financial debts | 170/4 | €168,000 | €150,000 | -€18,000 | -10.7% |
| Other amounts payable | 178/9 | €21,236 | €14,394 | -€6,843 | -32.2% |
| Amounts payable within one year | 42/48 | €40,467 | €25,251 | -€15,216 | -37.6% |
| Trade debts | 44 | €3,997 | €6,052 | +€2,056 | +51.4% |
| Suppliers | 440/4 | €3,997 | €6,052 | +€2,056 | +51.4% |
| Taxes, remuneration and social security | 45 | €36,471 | €19,199 | -€17,272 | -47.4% |
| Taxes | 450/3 | €36,471 | €19,199 | -€17,272 | -47.4% |
| Accrued charges and deferred income | 492/3 | €1,437 | €1,450 | +€12 | +0.9% |
| Remuneration, social security and pensions | 62 | - | €9,978 | +€9,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37 | €0 | -€37 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €367 | €786 | +€419 | +114% |
| Gross operating margin | 9900 | -€877 | €116,191 | +€117,068 | |
| Operating profit (loss) | 9901 | -€1,280 | €100,428 | +€101,708 | |
| Financial income | 75/76B | €58,801 | €50,520 | -€8,281 | -14.1% |
| Recurring financial income | 75 | €58,801 | €50,520 | -€8,281 | -14.1% |
| Financial charges | 65/66B | €4,363 | €7,604 | +€3,241 | +74.3% |
| Recurring financial charges | 65 | €4,363 | €7,604 | +€3,241 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | €53,158 | €143,344 | +€90,186 | +170% |
| Income taxes | 67/77 | €10,994 | €41,355 | +€30,361 | +276% |
| Profit (loss) for the period | 9904 | €42,163 | €101,989 | +€59,825 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €42,163 | €101,989 | +€59,825 | +142% |
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 15 October 2026 via checked.be.