TRANSFER: 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.
TRANSFER
Largest movements
- Tangible fixed assets +€22,805
new in 2025: €22,805
- Cash +€8,718
up €8,718 (+404.4%), from €2,156 to €10,874
mainly Debts after one year (+€15,000) and Net result for the year (+€9,035)
- Receivables within one year +€3,819
up €3,819 (+118.6%), from €3,220 to €7,039
of which Trade receivables: +€2,925
- Debts after one year +€15,000
new in 2025: €15,000
- Profit (loss) carried forward +€9,035
up €9,035 (+14.3%), from -€63,217 to -€54,182
- Short-term financial debts +€7,100
new in 2025: €7,100
- Tax, wage and social debts +€4,195
up €4,195 (+420.7%), from €997 to €5,192
- Gross operating margin +€18,946
up €18,946, from -€2,946 to €15,999
- Taxes +€3,692
up €3,692 (+981.4%), from €376 to €4,069
- Depreciation +€900
up €900 (+123.4%), from €729 to €1,629
- Other operating charges +€428
up €428 (+95.5%), from €447 to €875
- Financial charges +€201
up €201 (+61.5%), from €326 to €527
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 | €5,426 | €40,769 | +€35,343 | +651.4% |
| Fixed assets | 21/28 | €50 | €22,855 | +€22,805 | +45610.9% |
| Tangible fixed assets | 22/27 | - | €22,805 | +€22,805 | |
| Furniture and vehicles | 24 | - | €22,805 | +€22,805 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €5,376 | €17,913 | +€12,537 | +233.2% |
| Amounts receivable within one year | 40/41 | €3,220 | €7,039 | +€3,819 | +118.6% |
| Trade receivables | 40 | - | €2,925 | +€2,925 | |
| Other amounts receivable | 41 | €3,220 | €4,114 | +€894 | +27.8% |
| Cash at bank and in hand | 54/58 | €2,156 | €10,874 | +€8,718 | +404.4% |
| Total equity and liabilities | 10/49 | €5,426 | €40,769 | +€35,343 | +651.4% |
| Equity | 10/15 | €4,126 | €13,161 | +€9,035 | +219.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €61,138 | €61,138 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,640 | €12,640 | = | 0.0% |
| Distributable reserves | 133 | €46,639 | €46,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,217 | -€54,182 | +€9,035 | +14.3% |
| Amounts payable | 17/49 | €1,300 | €27,607 | +€26,308 | +2024.4% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Financial debts | 170/4 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €1,300 | €12,607 | +€11,308 | +870.1% |
| Financial debts | 43 | - | €7,100 | +€7,100 | |
| Credit institutions | 430/8 | - | €7,100 | +€7,100 | |
| Trade debts | 44 | €303 | €315 | +€13 | +4.2% |
| Suppliers | 440/4 | €303 | €315 | +€13 | +4.2% |
| Taxes, remuneration and social security | 45 | €997 | €5,192 | +€4,195 | +420.7% |
| Taxes | 450/3 | €997 | €5,192 | +€4,195 | +420.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | €1,629 | +€900 | +123.4% |
| Other operating charges | 640/8 | €447 | €875 | +€428 | +95.5% |
| Gross operating margin | 9900 | -€2,946 | €15,999 | +€18,946 | |
| Operating profit (loss) | 9901 | -€4,123 | €13,495 | +€17,618 | |
| Financial income | 75/76B | - | €135 | +€135 | |
| Recurring financial income | 75 | - | €135 | +€135 | |
| Financial charges | 65/66B | €326 | €527 | +€201 | +61.5% |
| Recurring financial charges | 65 | €326 | €527 | +€201 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,449 | €13,104 | +€17,553 | |
| Income taxes | 67/77 | €376 | €4,069 | +€3,692 | +981.4% |
| Profit (loss) for the period | 9904 | -€4,825 | €9,035 | +€13,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,825 | €9,035 | +€13,860 |
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 1 October 2026 via checked.be.