TransformAé: 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.
TransformAé
Largest movements
- Tangible fixed assets +€311,050
up €311,050 (+158.0%), from €196,838 to €507,889
of which Land and buildings: +€198,005
- Receivables within one year -€22,658
down €22,658 (-25.6%), from €88,352 to €65,695
of which Trade receivables: -€85,809
- Debts after one year +€341,280
new in 2025: €341,280
- Other debts -€30,872
down €30,872 (-16.7%), from €184,771 to €153,899
- Profit (loss) carried forward -€12,252
down €12,252 (-720.0%), from -€1,702 to -€13,953
- Current portion of long-term debt +€8,720
new in 2025: €8,720
- Depreciation +€20,007
up €20,007 (+22342.0%), from €90 to €20,097
- Gross operating margin +€10,618
up €10,618, from -€424 to €10,194
- Financial charges +€7,139
new in 2025: €7,139
- Other operating charges -€419
down €419 (-52.0%), from €807 to €387
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.
Cash bridge derived
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 | €285,613 | €582,433 | +€296,820 | +103.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €196,838 | €507,889 | +€311,050 | +158.0% |
| Tangible fixed assets | 22/27 | €196,838 | €507,889 | +€311,050 | +158.0% |
| Land and buildings | 22 | €189,860 | €387,865 | +€198,005 | +104.3% |
| Plant, machinery and equipment | 23 | €6,978 | €120,023 | +€113,045 | +1619.9% |
| Current assets | 29/58 | €88,775 | €74,544 | -€14,231 | -16.0% |
| Amounts receivable within one year | 40/41 | €88,352 | €65,695 | -€22,658 | -25.6% |
| Trade receivables | 40 | €88,309 | €2,500 | -€85,809 | -97.2% |
| Other amounts receivable | 41 | €43 | €63,195 | +€63,151 | +146455.2% |
| Cash at bank and in hand | 54/58 | €423 | €4,049 | +€3,627 | +858.3% |
| Deferred charges and accrued income | 490/1 | - | €4,800 | +€4,800 | |
| Total equity and liabilities | 10/49 | €285,613 | €582,433 | +€296,820 | +103.9% |
| Equity | 10/15 | €93,121 | €75,692 | -€17,429 | -18.7% |
| Profit (loss) carried forward | 14 | -€1,702 | -€13,953 | -€12,252 | -720.0% |
| Investment grants | 15 | €94,823 | €89,645 | -€5,177 | -5.5% |
| Amounts payable | 17/49 | €192,492 | €506,741 | +€314,249 | +163.3% |
| Amounts payable after more than one year | 17 | - | €341,280 | +€341,280 | |
| Financial debts | 170/4 | - | €341,280 | +€341,280 | |
| Amounts payable within one year | 42/48 | €192,492 | €165,461 | -€27,031 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,720 | +€8,720 | |
| Trade debts | 44 | €7,721 | €2,842 | -€4,879 | -63.2% |
| Suppliers | 440/4 | €7,721 | €2,842 | -€4,879 | -63.2% |
| Other amounts payable | 47/48 | €184,771 | €153,899 | -€30,872 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90 | €20,097 | +€20,007 | +22342.0% |
| Other operating charges | 640/8 | €807 | €387 | -€419 | -52.0% |
| Gross operating margin | 9900 | -€424 | €10,194 | +€10,618 | |
| Operating profit (loss) | 9901 | -€1,320 | -€10,290 | -€8,970 | -679.3% |
| Financial income | 75/76B | €5,177 | €5,177 | = | 0.0% |
| Recurring financial income | 75 | €5,177 | €5,177 | = | 0.0% |
| Financial charges | 65/66B | - | €7,139 | +€7,139 | |
| Recurring financial charges | 65 | - | €7,139 | +€7,139 | |
| Profit (loss) for the period before taxes | 9903 | €3,857 | -€12,252 | -€16,109 | |
| Profit (loss) for the period | 9904 | €3,857 | -€12,252 | -€16,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,857 | -€12,252 | -€16,109 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.