Transcend2thrive: 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.
Transcend2thrive
Largest movements
- Cash +€60,511
up €60,511 (+86.1%), from €70,283 to €130,794
mainly Net result for the year (+€115,953) and Trade debts (+€17,261)
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€10,088
down €10,088 (-22.9%), from €44,000 to €33,912
- Reserves +€115,953
up €115,953 (+253.9%), from €45,674 to €161,627
- Other debts -€17,927
down €17,927 (-40.0%), from €44,827 to €26,900
- Trade debts +€17,261
up €17,261 (+16786.1%), from €103 to €17,364
- Tax, wage and social debts -€12,952
down €12,952 (-41.0%), from €31,585 to €18,633
- Gross operating margin +€104,799
up €104,799 (+151.1%), from €69,361 to €174,160
- Taxes +€30,700
up €30,700 (+178.0%), from €17,248 to €47,949
- Depreciation +€3,648
up €3,648 (+56.7%), from €6,440 to €10,088
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 | €133,049 | €235,081 | +€102,032 | +76.7% |
| Fixed assets | 21/28 | €44,000 | €33,912 | -€10,088 | -22.9% |
| Tangible fixed assets | 22/27 | €44,000 | €33,912 | -€10,088 | -22.9% |
| Furniture and vehicles | 24 | €44,000 | €33,912 | -€10,088 | -22.9% |
| Current assets | 29/58 | €89,049 | €201,169 | +€112,120 | +125.9% |
| Amounts receivable within one year | 40/41 | €17,956 | €19,476 | +€1,519 | +8.5% |
| Trade receivables | 40 | €17,956 | €19,476 | +€1,519 | +8.5% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €70,283 | €130,794 | +€60,511 | +86.1% |
| Deferred charges and accrued income | 490/1 | €809 | €899 | +€90 | +11.1% |
| Total equity and liabilities | 10/49 | €133,049 | €235,081 | +€102,032 | +76.7% |
| Equity | 10/15 | €55,674 | €171,627 | +€115,953 | +208.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,674 | €161,627 | +€115,953 | +253.9% |
| Distributable reserves | 133 | €45,674 | €161,627 | +€115,953 | +253.9% |
| Amounts payable | 17/49 | €77,375 | €63,454 | -€13,921 | -18.0% |
| Amounts payable within one year | 42/48 | €76,515 | €62,897 | -€13,618 | -17.8% |
| Trade debts | 44 | €103 | €17,364 | +€17,261 | +16786.1% |
| Suppliers | 440/4 | €103 | €17,364 | +€17,261 | +16786.1% |
| Taxes, remuneration and social security | 45 | €31,585 | €18,633 | -€12,952 | -41.0% |
| Taxes | 450/3 | €31,585 | €18,633 | -€12,952 | -41.0% |
| Other amounts payable | 47/48 | €44,827 | €26,900 | -€17,927 | -40.0% |
| Accrued charges and deferred income | 492/3 | €860 | €557 | -€303 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,440 | €10,088 | +€3,648 | +56.7% |
| Gross operating margin | 9900 | €69,361 | €174,160 | +€104,799 | +151.1% |
| Operating profit (loss) | 9901 | €62,922 | €164,072 | +€101,150 | +160.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €170 | +€170 | |
| Recurring financial charges | 65 | - | €170 | +€170 | |
| Profit (loss) for the period before taxes | 9903 | €62,922 | €163,902 | +€100,980 | +160.5% |
| Income taxes | 67/77 | €17,248 | €47,949 | +€30,700 | +178.0% |
| Profit (loss) for the period | 9904 | €45,674 | €115,953 | +€70,280 | +153.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,674 | €115,953 | +€70,280 | +153.9% |
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 30 September 2026 via checked.be.