Transfo.energy: 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.
Transfo.energy
Largest movements
- Financial fixed assets -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Receivables after one year +€50,000
new in 2025: €50,000
- Intangible fixed assets +€44,295
up €44,295 (+4.9%), from €911,316 to €955,611
- Cash +€27,290
up €27,290 (+14.0%), from €195,040 to €222,330
mainly Depreciation (+€567,280) and Other debts (+€120,489)
- Other debts +€120,489
up €120,489 (+235%), from €51,351 to €171,840
- Trade debts -€53,341
down €53,341 (-37.6%), from €141,851 to €88,509
- Reserves -€43,517
no longer reported in 2025 (was €43,517)
- Tax, wage and social debts +€31,417
up €31,417 (+35.9%), from €87,396 to €118,813
of which Taxes: +€25,517
- Depreciation +€205,530
up €205,530 (+56.8%), from €361,750 to €567,280
- Gross operating margin +€135,972
up €135,972 (+18.1%), from €749,517 to €885,489
- Staff costs +€48,981
up €48,981 (+31.8%), from €153,936 to €202,916
- Financial charges -€46,078
down €46,078 (-99.7%), from €46,221 to €143
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 | €1,401,854 | €1,456,902 | +€55,048 | +3.9% |
| Fixed assets | 21/28 | €1,020,154 | €1,006,088 | -€14,066 | -1.4% |
| Intangible fixed assets | 21 | €911,316 | €955,611 | +€44,295 | +4.9% |
| Tangible fixed assets | 22/27 | €8,838 | €478 | -€8,360 | -94.6% |
| Plant, machinery and equipment | 23 | €1,302 | €478 | -€824 | -63.3% |
| Furniture and vehicles | 24 | €7,536 | - | -€7,536 | |
| Financial fixed assets | 28 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Current assets | 29/58 | €381,700 | €450,814 | +€69,114 | +18.1% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €186,660 | €175,896 | -€10,764 | -5.8% |
| Trade receivables | 40 | €186,660 | €175,896 | -€10,764 | -5.8% |
| Cash at bank and in hand | 54/58 | €195,040 | €222,330 | +€27,290 | +14.0% |
| Deferred charges and accrued income | 490/1 | - | €2,588 | +€2,588 | |
| Total equity and liabilities | 10/49 | €1,401,854 | €1,456,902 | +€55,048 | +3.9% |
| Equity | 10/15 | €1,121,256 | €1,077,739 | -€43,517 | -3.9% |
| Contributions | 10/11 | €1,077,739 | €1,077,739 | = | 0.0% |
| Reserves | 13 | €43,517 | - | -€43,517 | |
| Distributable reserves | 133 | €43,517 | - | -€43,517 | |
| Amounts payable | 17/49 | €280,598 | €379,163 | +€98,565 | +35.1% |
| Amounts payable within one year | 42/48 | €280,598 | €379,163 | +€98,565 | +35.1% |
| Trade debts | 44 | €141,851 | €88,509 | -€53,341 | -37.6% |
| Suppliers | 440/4 | €141,851 | €88,509 | -€53,341 | -37.6% |
| Taxes, remuneration and social security | 45 | €87,396 | €118,813 | +€31,417 | +35.9% |
| Taxes | 450/3 | €65,347 | €90,863 | +€25,517 | +39.0% |
| Remuneration and social security | 454/9 | €22,049 | €27,950 | +€5,901 | +26.8% |
| Other amounts payable | 47/48 | €51,351 | €171,840 | +€120,489 | +235% |
| Remuneration, social security and pensions | 62 | €153,936 | €202,916 | +€48,981 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361,750 | €567,280 | +€205,530 | +56.8% |
| Other operating charges | 640/8 | €346 | €341 | -€4 | -1.2% |
| Gross operating margin | 9900 | €749,517 | €885,489 | +€135,972 | +18.1% |
| Operating profit (loss) | 9901 | €233,486 | €114,952 | -€118,534 | -50.8% |
| Financial income | 75/76B | €349 | €74 | -€276 | -78.9% |
| Recurring financial income | 75 | €349 | €74 | -€276 | -78.9% |
| Financial charges | 65/66B | €46,221 | €143 | -€46,078 | -99.7% |
| Recurring financial charges | 65 | €46,221 | €143 | -€46,078 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €187,614 | €114,882 | -€72,732 | -38.8% |
| Income taxes | 67/77 | €253 | €5,882 | +€5,628 | +2,222% |
| Profit (loss) for the period | 9904 | €187,361 | €109,000 | -€78,361 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €187,361 | €109,000 | -€78,361 | -41.8% |
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 27 October 2026 via checked.be.