TRANSACTIEF: 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.
TRANSACTIEF
Largest movements
- Deferred charges and accrued income -€44,781
down €44,781 (-96.1%), from €46,592 to €1,811
- Tangible fixed assets -€17,730
down €17,730 (-9.8%), from €181,264 to €163,534
of which Other tangible fixed assets: -€10,236
- Cash +€7,829
up €7,829 (+15.2%), from €51,642 to €59,470
mainly Deferred charges and accrued income (+€44,781) and Depreciation (+€19,534)
- Profit (loss) carried forward -€30,877
down €30,877 (-94.8%), from €32,578 to €1,701
- Trade debts -€10,225
down €10,225 (-27.7%), from €36,919 to €26,694
- Debts after one year -€9,870
down €9,870 (-8.4%), from €116,834 to €106,965
of which Financial debts: -€9,870
- Current portion of long-term debt -€6,618
down €6,618 (-40.1%), from €16,487 to €9,870
- Other debts +€3,534
up €3,534 (+17.9%), from €19,723 to €23,257
- Gross operating margin -€21,201
down €21,201 (-74.1%), from €28,626 to €7,425
- Depreciation -€13,833
down €13,833 (-41.5%), from €33,367 to €19,534
- Other operating charges +€5,832
up €5,832 (+62.5%), from €9,333 to €15,165
- Financial charges +€1,256
up €1,256 (+51.5%), from €2,438 to €3,694
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 | €297,542 | €245,008 | -€52,534 | -17.7% |
| Fixed assets | 21/28 | €181,264 | €163,534 | -€17,730 | -9.8% |
| Tangible fixed assets | 22/27 | €181,264 | €163,534 | -€17,730 | -9.8% |
| Land and buildings | 22 | €148,834 | €142,031 | -€6,803 | -4.6% |
| Plant, machinery and equipment | 23 | €102 | €1,100 | +€998 | +977.0% |
| Furniture and vehicles | 24 | €3,734 | €2,045 | -€1,688 | -45.2% |
| Other tangible fixed assets | 26 | €28,594 | €18,358 | -€10,236 | -35.8% |
| Current assets | 29/58 | €116,278 | €81,475 | -€34,804 | -29.9% |
| Amounts receivable within one year | 40/41 | €18,045 | €20,194 | +€2,149 | +11.9% |
| Trade receivables | 40 | €3,152 | €1,782 | -€1,370 | -43.5% |
| Other amounts receivable | 41 | €14,893 | €18,412 | +€3,519 | +23.6% |
| Cash at bank and in hand | 54/58 | €51,642 | €59,470 | +€7,829 | +15.2% |
| Deferred charges and accrued income | 490/1 | €46,592 | €1,811 | -€44,781 | -96.1% |
| Total equity and liabilities | 10/49 | €297,542 | €245,008 | -€52,534 | -17.7% |
| Equity | 10/15 | €107,578 | €76,701 | -€30,877 | -28.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,578 | €1,701 | -€30,877 | -94.8% |
| Amounts payable | 17/49 | €189,964 | €168,307 | -€21,657 | -11.4% |
| Amounts payable after more than one year | 17 | €116,834 | €106,965 | -€9,870 | -8.4% |
| Financial debts | 170/4 | €114,209 | €104,340 | -€9,870 | -8.6% |
| Other amounts payable | 178/9 | €2,625 | €2,625 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,129 | €59,821 | -€13,309 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €16,487 | €9,870 | -€6,618 | -40.1% |
| Trade debts | 44 | €36,919 | €26,694 | -€10,225 | -27.7% |
| Suppliers | 440/4 | €36,919 | €26,694 | -€10,225 | -27.7% |
| Other amounts payable | 47/48 | €19,723 | €23,257 | +€3,534 | +17.9% |
| Accrued charges and deferred income | 492/3 | - | €1,521 | +€1,521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,367 | €19,534 | -€13,833 | -41.5% |
| Other operating charges | 640/8 | €9,333 | €15,165 | +€5,832 | +62.5% |
| Gross operating margin | 9900 | €28,626 | €7,425 | -€21,201 | -74.1% |
| Operating profit (loss) | 9901 | -€14,074 | -€27,274 | -€13,200 | -93.8% |
| Financial income | 75/76B | €48 | €91 | +€43 | +90.4% |
| Recurring financial income | 75 | €48 | €91 | +€43 | +90.4% |
| Financial charges | 65/66B | €2,438 | €3,694 | +€1,256 | +51.5% |
| Recurring financial charges | 65 | €2,438 | €3,694 | +€1,256 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,464 | -€30,877 | -€14,413 | -87.5% |
| Income taxes | 67/77 | -€132 | - | +€132 | |
| Profit (loss) for the period | 9904 | -€16,332 | -€30,877 | -€14,545 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,332 | -€30,877 | -€14,545 | -89.1% |
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 6 October 2026 via checked.be.