TRANSFORBEL: 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.
TRANSFORBEL
Largest movements
- Cash +€3,076
up €3,076 (+27.7%), from €11,109 to €14,185
mainly Contributions, distributions and other (+€14,000) and Depreciation (+€2,723)
- Tangible fixed assets -€2,518
down €2,518 (-49.6%), from €5,074 to €2,556
- Receivables within one year -€1,137
down €1,137 (-33.7%), from €3,377 to €2,240
of which Trade receivables: -€1,057
- Trade debts -€1,405
down €1,405 (-71.8%), from €1,957 to €552
- Profit (loss) carried forward +€804
up €804 (+3.7%), from -€21,734 to -€20,930
- Turnover -€37,710
no longer reported in 2025 (was €37,710)
- Services and other goods -€34,277
no longer reported in 2025 (was €34,277)
- Goods and materials -€18,073
no longer reported in 2025 (was €18,073)
of which Purchases: -€18,374
- Gross operating margin -€10,175
new in 2025: -€10,175
- Other operating charges -€390
down €390 (-69.4%), from €562 to €172
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 | €19,762 | €19,162 | -€601 | -3.0% |
| Fixed assets | 21/28 | €5,074 | €2,556 | -€2,518 | -49.6% |
| Tangible fixed assets | 22/27 | €5,074 | €2,556 | -€2,518 | -49.6% |
| Furniture and vehicles | 24 | €5,074 | €2,556 | -€2,518 | -49.6% |
| Current assets | 29/58 | €14,688 | €16,606 | +€1,917 | +13.1% |
| Amounts receivable within one year | 40/41 | €3,377 | €2,240 | -€1,137 | -33.7% |
| Trade receivables | 40 | €2,851 | €1,794 | -€1,057 | -37.1% |
| Other amounts receivable | 41 | €526 | €446 | -€80 | -15.2% |
| Cash at bank and in hand | 54/58 | €11,109 | €14,185 | +€3,076 | +27.7% |
| Deferred charges and accrued income | 490/1 | €203 | €181 | -€22 | -10.8% |
| Total equity and liabilities | 10/49 | €19,762 | €19,162 | -€601 | -3.0% |
| Equity | 10/15 | €17,805 | €18,609 | +€804 | +4.5% |
| Contributions | 10/11 | €35,945 | €35,945 | = | 0.0% |
| Capital | 10 | €35,945 | €35,945 | = | 0.0% |
| Issued capital | 100 | €35,945 | €35,945 | = | 0.0% |
| Reserves | 13 | €3,594 | €3,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,594 | €3,594 | = | 0.0% |
| Legal reserve | 130 | €3,594 | €3,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,734 | -€20,930 | +€804 | +3.7% |
| Amounts payable | 17/49 | €1,957 | €552 | -€1,405 | -71.8% |
| Amounts payable within one year | 42/48 | €1,957 | €552 | -€1,405 | -71.8% |
| Trade debts | 44 | €1,957 | €552 | -€1,405 | -71.8% |
| Suppliers | 440/4 | €1,957 | €552 | -€1,405 | -71.8% |
| Taxes, remuneration and social security | 45 | - | €0 | +€0 | |
| Taxes | 450/3 | - | €0 | +€0 | |
| Operating income | 70/76A | €37,794 | - | -€37,794 | |
| Turnover | 70 | €37,710 | - | -€37,710 | |
| Other operating income | 74 | €84 | - | -€84 | |
| Operating charges | 60/66A | €55,453 | - | -€55,453 | |
| Goods for resale, raw materials and consumables | 60 | €18,073 | - | -€18,073 | |
| Purchases | 600/8 | €18,374 | - | -€18,374 | |
| Change in stocks: decrease (increase) | 609 | -€301 | - | +€301 | |
| Services and other goods | 61 | €34,277 | - | -€34,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,540 | €2,723 | +€183 | +7.2% |
| Other operating charges | 640/8 | €562 | €172 | -€390 | -69.4% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | - | -€10,175 | -€10,175 | |
| Operating profit (loss) | 9901 | -€17,659 | -€13,070 | +€4,589 | +26.0% |
| Financial income | 75/76B | €4 | €13 | +€9 | +240% |
| Recurring financial income | 75 | €4 | €13 | +€9 | +240% |
| Income from current assets | 751 | €4 | - | -€4 | |
| Financial charges | 65/66B | €133 | €134 | +€2 | +1.2% |
| Recurring financial charges | 65 | €133 | €134 | +€2 | +1.2% |
| Other financial charges | 652/9 | €133 | - | -€133 | |
| Profit (loss) for the period before taxes | 9903 | -€17,788 | -€13,192 | +€4,596 | +25.8% |
| Income taxes | 67/77 | €1 | €4 | +€3 | +241% |
| Taxes | 670/3 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€17,789 | -€13,196 | +€4,593 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,789 | -€13,196 | +€4,593 | +25.8% |
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 15 October 2026 via checked.be.