TRANSFERIUS: 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.
TRANSFERIUS
Largest movements
- Current investments +€204,908
up €204,908 (+11.5%), from €1.8m to €2.0m
- Receivables within one year +€74,873
up €74,873 (+463%), from €16,188 to €91,061
of which Trade receivables: +€81,547
- Tangible fixed assets +€68,270
up €68,270 (+20.9%), from €327,215 to €395,485
of which Furniture and vehicles: +€41,969
- Reserves +€151,850
up €151,850 (+7.8%), from €1.9m to €2.1m
of which Distributable reserves: +€215,000
- Other debts +€94,985
up €94,985 (+104%), from €91,490 to €186,475
- Trade debts +€41,159
up €41,159 (+1,403%), from €2,933 to €44,092
- Gross operating margin -€42,836
down €42,836 (-8.7%), from €490,890 to €448,053
- Financial income +€38,408
up €38,408 (+74.4%), from €51,636 to €90,044
- Taxes +€8,298
up €8,298 (+6.1%), from €136,263 to €144,561
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 | €2,158,375 | €2,487,169 | +€328,794 | +15.2% |
| Fixed assets | 21/28 | €327,385 | €397,335 | +€69,950 | +21.4% |
| Tangible fixed assets | 22/27 | €327,215 | €395,485 | +€68,270 | +20.9% |
| Land and buildings | 22 | €325,627 | €351,928 | +€26,301 | +8.1% |
| Furniture and vehicles | 24 | €1,588 | €43,557 | +€41,969 | +2,643% |
| Financial fixed assets | 28 | €170 | €1,850 | +€1,680 | +990% |
| Current assets | 29/58 | €1,830,990 | €2,089,834 | +€258,844 | +14.1% |
| Amounts receivable within one year | 40/41 | €16,188 | €91,061 | +€74,873 | +463% |
| Trade receivables | 40 | - | €81,547 | +€81,547 | |
| Other amounts receivable | 41 | €16,188 | €9,514 | -€6,674 | -41.2% |
| Current investments | 50/53 | €1,778,997 | €1,983,905 | +€204,908 | +11.5% |
| Cash at bank and in hand | 54/58 | €33,929 | €12,786 | -€21,143 | -62.3% |
| Deferred charges and accrued income | 490/1 | €1,876 | €2,082 | +€205 | +11.0% |
| Total equity and liabilities | 10/49 | €2,158,375 | €2,487,169 | +€328,794 | +15.2% |
| Equity | 10/15 | €2,058,829 | €2,210,862 | +€152,033 | +7.4% |
| Contributions | 10/11 | €66,931 | €66,931 | = | 0.0% |
| Contributions outside capital | 11 | €66,931 | - | -€66,931 | |
| Other | 1109/19 | €66,931 | - | -€66,931 | |
| Reserves | 13 | €1,944,443 | €2,096,293 | +€151,850 | +7.8% |
| Tax-exempt reserves | 132 | €526,250 | €463,100 | -€63,150 | -12.0% |
| Distributable reserves | 133 | €1,418,193 | €1,633,193 | +€215,000 | +15.2% |
| Profit (loss) carried forward | 14 | €47,455 | €47,638 | +€183 | +0.4% |
| Amounts payable | 17/49 | €99,546 | €276,307 | +€176,761 | +178% |
| Amounts payable within one year | 42/48 | €98,541 | €253,563 | +€155,022 | +157% |
| Trade debts | 44 | €2,933 | €44,092 | +€41,159 | +1,403% |
| Suppliers | 440/4 | €2,933 | €44,092 | +€41,159 | +1,403% |
| Taxes, remuneration and social security | 45 | €4,118 | €22,996 | +€18,878 | +458% |
| Taxes | 450/3 | €4,088 | €17,327 | +€13,240 | +324% |
| Remuneration and social security | 454/9 | €30 | €5,669 | +€5,639 | +18,745% |
| Other amounts payable | 47/48 | €91,490 | €186,475 | +€94,985 | +104% |
| Accrued charges and deferred income | 492/3 | €1,005 | €22,744 | +€21,739 | +2,163% |
| Remuneration, social security and pensions | 62 | €17,540 | €16,924 | -€616 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,110 | €5,645 | -€1,465 | -20.6% |
| Other operating charges | 640/8 | €16,689 | €18,802 | +€2,113 | +12.7% |
| Gross operating margin | 9900 | €490,890 | €448,053 | -€42,836 | -8.7% |
| Operating profit (loss) | 9901 | €449,550 | €406,682 | -€42,868 | -9.5% |
| Financial income | 75/76B | €51,636 | €90,044 | +€38,408 | +74.4% |
| Recurring financial income | 75 | €51,636 | €90,044 | +€38,408 | +74.4% |
| Financial charges | 65/66B | €118 | €132 | +€14 | +11.5% |
| Recurring financial charges | 65 | €118 | €132 | +€14 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €501,068 | €496,594 | -€4,474 | -0.9% |
| Income taxes | 67/77 | €136,263 | €144,561 | +€8,298 | +6.1% |
| Profit (loss) for the period | 9904 | €364,805 | €352,033 | -€12,772 | -3.5% |
| Transfer from tax-exempt reserves | 789 | €58,940 | €210,500 | +€151,560 | +257% |
| Transfer to tax-exempt reserves | 689 | €155,770 | €147,350 | -€8,420 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €267,975 | €415,183 | +€147,208 | +54.9% |
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 14 October 2026 via checked.be.