TRANSACT: 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.
TRANSACT
Largest movements
- Cash -€129,991
down €129,991 (-54.4%), from €238,919 to €108,928
mainly Net result for the year (-€220,216) and Tax, wage and social debts (-€4,799)
- Receivables within one year -€26,220
down €26,220 (-70.5%), from €37,192 to €10,972
of which Other amounts receivable: -€19,406
- Profit (loss) carried forward -€220,216
new in 2025: -€220,216
- Trade debts +€64,845
up €64,845 (+77.1%), from €84,083 to €148,928
- Tax, wage and social debts -€4,799
down €4,799 (-90.3%), from €5,312 to €513
of which Remuneration and social security: -€4,855
- Gross operating margin -€56,058
down €56,058 (-176.0%), from -€31,846 to -€87,904
- Staff costs +€5,232
up €5,232 (+4.2%), from €125,741 to €130,973
- Financial income +€2,631
up €2,631 (+81720.8%), from €3 to €2,635
- Depreciation -€1,264
down €1,264 (-39.8%), from €3,179 to €1,915
- Financial charges +€1,140
up €1,140 (+237.2%), from €480 to €1,620
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 | €282,971 | €122,801 | -€160,170 | -56.6% |
| Fixed assets | 21/28 | €2,564 | €649 | -€1,915 | -74.7% |
| Intangible fixed assets | 21 | €1,293 | €205 | -€1,087 | -84.1% |
| Tangible fixed assets | 22/27 | €1,272 | €444 | -€828 | -65.1% |
| Plant, machinery and equipment | 23 | €1,272 | €444 | -€828 | -65.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €280,406 | €122,152 | -€158,255 | -56.4% |
| Amounts receivable within one year | 40/41 | €37,192 | €10,972 | -€26,220 | -70.5% |
| Trade receivables | 40 | €16,746 | €9,932 | -€6,813 | -40.7% |
| Other amounts receivable | 41 | €20,447 | €1,040 | -€19,406 | -94.9% |
| Cash at bank and in hand | 54/58 | €238,919 | €108,928 | -€129,991 | -54.4% |
| Deferred charges and accrued income | 490/1 | €4,295 | €2,251 | -€2,044 | -47.6% |
| Total equity and liabilities | 10/49 | €282,971 | €122,801 | -€160,170 | -56.6% |
| Equity | 10/15 | €193,576 | -€26,640 | -€220,216 | |
| Contributions | 10/11 | €19,442 | €19,442 | = | 0.0% |
| Reserves | 13 | €174,134 | €174,134 | = | 0.0% |
| Distributable reserves | 133 | €174,134 | €174,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€220,216 | -€220,216 | |
| Amounts payable | 17/49 | €89,395 | €149,441 | +€60,046 | +67.2% |
| Amounts payable within one year | 42/48 | €89,395 | €149,441 | +€60,046 | +67.2% |
| Trade debts | 44 | €84,083 | €148,928 | +€64,845 | +77.1% |
| Suppliers | 440/4 | €84,083 | €148,928 | +€64,845 | +77.1% |
| Taxes, remuneration and social security | 45 | €5,312 | €513 | -€4,799 | -90.3% |
| Taxes | 450/3 | €457 | €513 | +€56 | +12.3% |
| Remuneration and social security | 454/9 | €4,855 | €0 | -€4,855 | -100.0% |
| Remuneration, social security and pensions | 62 | €125,741 | €130,973 | +€5,232 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,179 | €1,915 | -€1,264 | -39.8% |
| Other operating charges | 640/8 | €0 | €144 | +€144 | |
| Gross operating margin | 9900 | -€31,846 | -€87,904 | -€56,058 | -176.0% |
| Operating profit (loss) | 9901 | -€160,765 | -€220,936 | -€60,170 | -37.4% |
| Financial income | 75/76B | €3 | €2,635 | +€2,631 | +81720.8% |
| Recurring financial income | 75 | €3 | €2,635 | +€2,631 | +81720.8% |
| Financial charges | 65/66B | €480 | €1,620 | +€1,140 | +237.2% |
| Recurring financial charges | 65 | €480 | €1,620 | +€1,140 | +237.2% |
| Profit (loss) for the period before taxes | 9903 | -€161,243 | -€219,921 | -€58,679 | -36.4% |
| Income taxes | 67/77 | €338 | €294 | -€44 | -13.0% |
| Profit (loss) for the period | 9904 | -€161,581 | -€220,216 | -€58,635 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€161,581 | -€220,216 | -€58,635 | -36.3% |
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 11 October 2026 via checked.be.