TRANSFORIM: 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.
TRANSFORIM
Largest movements
- Tangible fixed assets -€98,520
down €98,520 (-5.3%), from €1.9m to €1.8m
of which Land and buildings: -€98,520
- Receivables after one year -€35,000
down €35,000 (-31.8%), from €110,000 to €75,000
- Reserves -€94,608
down €94,608 (-10.3%), from €917,683 to €823,075
of which Tax-exempt reserves: -€94,608
- Provisions -€51,541
down €51,541 (-11.0%), from €466,683 to €415,142
- Other debts -€41,416
down €41,416 (-24.2%), from €171,428 to €130,012
- Profit (loss) carried forward +€32,051
up €32,051 (+5.0%), from -€645,153 to -€613,102
- Gross operating margin +€17,724
up €17,724 (+43.7%), from €40,603 to €58,327
- Depreciation +€8,455
up €8,455 (+9.4%), from €90,065 to €98,520
- Financial charges +€6,583
up €6,583 (+13.0%), from €50,639 to €57,222
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,423,529 | €2,276,527 | -€147,002 | -6.1% |
| Fixed assets | 21/28 | €2,221,978 | €2,118,458 | -€103,520 | -4.7% |
| Tangible fixed assets | 22/27 | €1,869,125 | €1,770,605 | -€98,520 | -5.3% |
| Land and buildings | 22 | €1,862,725 | €1,764,205 | -€98,520 | -5.3% |
| Furniture and vehicles | 24 | €6,400 | €6,400 | = | 0.0% |
| Financial fixed assets | 28 | €352,853 | €347,853 | -€5,000 | -1.4% |
| Current assets | 29/58 | €201,552 | €158,070 | -€43,482 | -21.6% |
| Amounts receivable after more than one year | 29 | €110,000 | €75,000 | -€35,000 | -31.8% |
| Other amounts receivable | 291 | €110,000 | €75,000 | -€35,000 | -31.8% |
| Amounts receivable within one year | 40/41 | €89,710 | €78,023 | -€11,687 | -13.0% |
| Trade receivables | 40 | €6,730 | €5,730 | -€1,000 | -14.9% |
| Other amounts receivable | 41 | €82,980 | €72,293 | -€10,687 | -12.9% |
| Cash at bank and in hand | 54/58 | €1,842 | €5,047 | +€3,205 | +174.0% |
| Total equity and liabilities | 10/49 | €2,423,529 | €2,276,527 | -€147,002 | -6.1% |
| Equity | 10/15 | €334,503 | €271,946 | -€62,557 | -18.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €917,683 | €823,075 | -€94,608 | -10.3% |
| Non-distributable reserves | 130/1 | €4,355 | €4,355 | = | 0.0% |
| Legal reserve | 130 | €4,355 | €4,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €913,328 | €818,720 | -€94,608 | -10.4% |
| Profit (loss) carried forward | 14 | -€645,153 | -€613,102 | +€32,051 | +5.0% |
| Provisions and deferred taxes | 16 | €466,683 | €415,142 | -€51,541 | -11.0% |
| Deferred taxes | 168 | €466,683 | €415,142 | -€51,541 | -11.0% |
| Amounts payable | 17/49 | €1,622,343 | €1,589,439 | -€32,904 | -2.0% |
| Amounts payable after more than one year | 17 | €1,360,820 | €1,379,100 | +€18,280 | +1.3% |
| Financial debts | 170/4 | €378,340 | €321,620 | -€56,720 | -15.0% |
| Other amounts payable | 178/9 | €982,480 | €1,057,480 | +€75,000 | +7.6% |
| Amounts payable within one year | 42/48 | €261,523 | €210,339 | -€51,184 | -19.6% |
| Financial debts | 43 | €56,170 | €56,720 | +€550 | +1.0% |
| Credit institutions | 430/8 | €56,170 | €56,720 | +€550 | +1.0% |
| Trade debts | 44 | €33,925 | €23,607 | -€10,319 | -30.4% |
| Suppliers | 440/4 | €33,925 | €23,607 | -€10,319 | -30.4% |
| Other amounts payable | 47/48 | €171,428 | €130,012 | -€41,416 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,065 | €98,520 | +€8,455 | +9.4% |
| Other operating charges | 640/8 | €16,807 | €16,683 | -€124 | -0.7% |
| Gross operating margin | 9900 | €40,603 | €58,327 | +€17,724 | +43.7% |
| Operating profit (loss) | 9901 | -€66,269 | -€56,876 | +€9,393 | +14.2% |
| Financial charges | 65/66B | €50,639 | €57,222 | +€6,583 | +13.0% |
| Recurring financial charges | 65 | €50,639 | €57,222 | +€6,583 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€116,909 | -€114,098 | +€2,811 | +2.4% |
| Transfer from deferred taxes | 780 | €51,541 | €51,541 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€65,368 | -€62,557 | +€2,811 | +4.3% |
| Transfer from tax-exempt reserves | 789 | €94,608 | €94,608 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,240 | €32,051 | +€2,811 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.