TRANSFORM-IT: what changed
TRANSFORM-IT
Largest movements
- Receivables within one year -€142,438
down €142,438 (-78.9%), from €180,632 to €38,194
of which Other amounts receivable: -€138,361
- Deferred charges and accrued income -€84,116
no longer reported in 2025 (was €84,116)
- Cash -€13,108
down €13,108 (-4.7%), from €278,968 to €265,860
mainly Other debts (-€160,000) and Tax, wage and social debts (-€71,622)
- Other debts -€160,000
down €160,000 (-99.9%), from €160,235 to €235
- Tax, wage and social debts -€71,622
down €71,622 (-75.2%), from €95,239 to €23,617
of which Taxes: -€71,872
- Profit (loss) carried forward -€21,112
down €21,112 (-7.9%), from €266,958 to €245,846
- Trade debts +€11,945
new in 2025: €11,945
- Gross operating margin -€98,277
down €98,277 (-99.1%), from €99,128 to €851
- Purchases and services +€88,954
new in 2025: €88,954
- Turnover +€82,996
new in 2025: €82,996
- Taxes -€3,032
down €3,032 (-13.8%), from €22,032 to €19,000
- Financial income -€2,473
down €2,473 (-73.5%), from €3,366 to €893
of which Non-recurring financial income: -€3,366
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,491 | €304,703 | -€240,788 | -44.1% |
| Fixed assets | 21/28 | €1,775 | - | -€1,775 | |
| Tangible fixed assets | 22/27 | €1,775 | - | -€1,775 | |
| Plant, machinery and equipment | 23 | €1,454 | - | -€1,454 | |
| Furniture and vehicles | 24 | €321 | - | -€321 | |
| Current assets | 29/58 | €543,716 | €304,703 | -€239,013 | -44.0% |
| Amounts receivable within one year | 40/41 | €180,632 | €38,194 | -€142,438 | -78.9% |
| Trade receivables | 40 | €15,632 | €11,555 | -€4,077 | -26.1% |
| Other amounts receivable | 41 | €165,000 | €26,639 | -€138,361 | -83.9% |
| Current investments | 50/53 | - | €649 | +€649 | |
| Cash at bank and in hand | 54/58 | €278,968 | €265,860 | -€13,108 | -4.7% |
| Deferred charges and accrued income | 490/1 | €84,116 | - | -€84,116 | |
| Total equity and liabilities | 10/49 | €545,491 | €304,703 | -€240,788 | -44.1% |
| Equity | 10/15 | €290,017 | €268,905 | -€21,112 | -7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,859 | €16,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,958 | €245,846 | -€21,112 | -7.9% |
| Amounts payable | 17/49 | €255,474 | €35,798 | -€219,676 | -86.0% |
| Amounts payable within one year | 42/48 | €255,474 | €35,798 | -€219,676 | -86.0% |
| Trade debts | 44 | - | €11,945 | +€11,945 | |
| Suppliers | 440/4 | - | €11,945 | +€11,945 | |
| Taxes, remuneration and social security | 45 | €95,239 | €23,617 | -€71,622 | -75.2% |
| Taxes | 450/3 | €85,239 | €13,367 | -€71,872 | -84.3% |
| Remuneration and social security | 454/9 | €10,000 | €10,250 | +€250 | +2.5% |
| Other amounts payable | 47/48 | €160,235 | €235 | -€160,000 | -99.9% |
| Turnover | 70 | - | €82,996 | +€82,996 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €88,954 | +€88,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €662 | €1,775 | +€1,113 | +168% |
| Other operating charges | 640/8 | €387 | €1,890 | +€1,503 | +388% |
| Gross operating margin | 9900 | €99,128 | €851 | -€98,277 | -99.1% |
| Operating profit (loss) | 9901 | €98,079 | -€2,815 | -€100,894 | |
| Financial income | 75/76B | €3,366 | €893 | -€2,473 | -73.5% |
| Recurring financial income | 75 | €3,366 | €893 | -€2,473 | -73.5% |
| Non-recurring financial income | 76B | €3,366 | - | -€3,366 | |
| Financial charges | 65/66B | €1,277 | €190 | -€1,087 | -85.1% |
| Recurring financial charges | 65 | €1,277 | €190 | -€1,087 | -85.1% |
| Non-recurring financial charges | 66B | €1,277 | - | -€1,277 | |
| Profit (loss) for the period before taxes | 9903 | €100,168 | -€2,112 | -€102,280 | |
| Income taxes | 67/77 | €22,032 | €19,000 | -€3,032 | -13.8% |
| Profit (loss) for the period | 9904 | €78,136 | -€21,112 | -€99,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,136 | -€21,112 | -€99,248 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.