TRANSFLUID: 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.
TRANSFLUID
Largest movements
- Tangible fixed assets +€208,875
up €208,875 (+213%), from €98,015 to €306,890
- Cash -€29,014
down €29,014 (-3.2%), from €915,542 to €886,527
mainly Investment in fixed assets (net) (-€241,950) and Tax, wage and social debts (-€37,331)
- Reserves +€152,134
up €152,134 (+6.8%), from €2.2m to €2.4m
of which Distributable reserves: +€152,134
- Other debts +€82,918
up €82,918 (+174%), from €47,764 to €130,682
- Tax, wage and social debts -€37,331
down €37,331 (-57.7%), from €64,675 to €27,345
of which Taxes: -€33,691
- Gross operating margin -€111,965
down €111,965 (-31.1%), from €360,024 to €248,059
- Depreciation -€88,415
down €88,415 (-72.8%), from €121,491 to €33,075
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 | €2,356,899 | €2,554,620 | +€197,721 | +8.4% |
| Fixed assets | 21/28 | €100,585 | €309,460 | +€208,875 | +208% |
| Tangible fixed assets | 22/27 | €98,015 | €306,890 | +€208,875 | +213% |
| Furniture and vehicles | 24 | €98,015 | €306,890 | +€208,875 | +213% |
| Financial fixed assets | 28 | €2,570 | €2,570 | = | 0.0% |
| Current assets | 29/58 | €2,256,314 | €2,245,160 | -€11,154 | -0.5% |
| Amounts receivable within one year | 40/41 | €1,340,772 | €1,358,633 | +€17,861 | +1.3% |
| Trade receivables | 40 | €1,278,363 | €1,358,633 | +€80,270 | +6.3% |
| Other amounts receivable | 41 | €62,409 | - | -€62,409 | |
| Cash at bank and in hand | 54/58 | €915,542 | €886,527 | -€29,014 | -3.2% |
| Total equity and liabilities | 10/49 | €2,356,899 | €2,554,620 | +€197,721 | +8.4% |
| Equity | 10/15 | €2,244,459 | €2,396,594 | +€152,134 | +6.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,221,109 | €2,373,244 | +€152,134 | +6.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €214,999 | €214,999 | = | 0.0% |
| Distributable reserves | 133 | €2,004,255 | €2,156,389 | +€152,134 | +7.6% |
| Investment grants | 15 | €4,800 | €4,800 | = | 0.0% |
| Amounts payable | 17/49 | €112,439 | €158,026 | +€45,587 | +40.5% |
| Amounts payable within one year | 42/48 | €112,439 | €158,026 | +€45,587 | +40.5% |
| Taxes, remuneration and social security | 45 | €64,675 | €27,345 | -€37,331 | -57.7% |
| Taxes | 450/3 | €54,386 | €20,695 | -€33,691 | -61.9% |
| Remuneration and social security | 454/9 | €10,289 | €6,649 | -€3,640 | -35.4% |
| Other amounts payable | 47/48 | €47,764 | €130,682 | +€82,918 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,491 | €33,075 | -€88,415 | -72.8% |
| Other operating charges | 640/8 | €1,690 | €1,545 | -€144 | -8.5% |
| Gross operating margin | 9900 | €360,024 | €248,059 | -€111,965 | -31.1% |
| Operating profit (loss) | 9901 | €236,844 | €213,438 | -€23,406 | -9.9% |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €1,789 | €1,453 | -€336 | -18.8% |
| Recurring financial charges | 65 | €1,789 | €1,453 | -€336 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €235,055 | €212,069 | -€22,986 | -9.8% |
| Income taxes | 67/77 | €61,702 | €59,935 | -€1,767 | -2.9% |
| Profit (loss) for the period | 9904 | €173,354 | €152,134 | -€21,220 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €173,354 | €152,134 | -€21,220 | -12.2% |
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 17 October 2026 via checked.be.