Transformation Engineers: 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.
Transformation Engineers
Largest movements
- Cash +€113,630
up €113,630 (+35.7%), from €318,277 to €431,908
mainly Other debts (+€145,761) and Net result for the year (+€112,488)
- Tangible fixed assets -€6,356
down €6,356 (-93.4%), from €6,803 to €447
- Other debts +€145,761
up €145,761 (+319.1%), from €45,672 to €191,433
- Profit (loss) carried forward -€31,773
no longer reported in 2025 (was €31,773)
- Taxes -€34,655
down €34,655 (-52.6%), from €65,919 to €31,264
- Depreciation -€7,257
down €7,257 (-53.3%), from €13,613 to €6,356
- Gross operating margin +€5,627
up €5,627 (+3.9%), from €144,891 to €150,518
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 | €348,585 | €458,974 | +€110,389 | +31.7% |
| Fixed assets | 21/28 | €6,803 | €447 | -€6,356 | -93.4% |
| Tangible fixed assets | 22/27 | €6,803 | €447 | -€6,356 | -93.4% |
| Furniture and vehicles | 24 | €6,803 | €447 | -€6,356 | -93.4% |
| Current assets | 29/58 | €341,782 | €458,527 | +€116,745 | +34.2% |
| Amounts receivable within one year | 40/41 | €23,505 | €26,619 | +€3,114 | +13.2% |
| Trade receivables | 40 | €23,505 | €24,140 | +€634 | +2.7% |
| Other amounts receivable | 41 | - | €2,480 | +€2,480 | |
| Cash at bank and in hand | 54/58 | €318,277 | €431,908 | +€113,630 | +35.7% |
| Total equity and liabilities | 10/49 | €348,585 | €458,974 | +€110,389 | +31.7% |
| Equity | 10/15 | €298,773 | €267,000 | -€31,773 | -10.6% |
| Reserves | 13 | €267,000 | €267,000 | = | 0.0% |
| Distributable reserves | 133 | €267,000 | €267,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,773 | - | -€31,773 | |
| Amounts payable | 17/49 | €49,812 | €191,974 | +€142,162 | +285.4% |
| Amounts payable within one year | 42/48 | €49,812 | €191,974 | +€142,162 | +285.4% |
| Trade debts | 44 | - | €541 | +€541 | |
| Suppliers | 440/4 | - | €541 | +€541 | |
| Taxes, remuneration and social security | 45 | €4,140 | - | -€4,140 | |
| Taxes | 450/3 | €4,140 | - | -€4,140 | |
| Other amounts payable | 47/48 | €45,672 | €191,433 | +€145,761 | +319.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,613 | €6,356 | -€7,257 | -53.3% |
| Other operating charges | 640/8 | €231 | €292 | +€61 | +26.4% |
| Gross operating margin | 9900 | €144,891 | €150,518 | +€5,627 | +3.9% |
| Operating profit (loss) | 9901 | €131,047 | €143,871 | +€12,823 | +9.8% |
| Financial charges | 65/66B | €127 | €119 | -€8 | -6.4% |
| Recurring financial charges | 65 | €127 | €119 | -€8 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €130,920 | €143,752 | +€12,831 | +9.8% |
| Income taxes | 67/77 | €65,919 | €31,264 | -€34,655 | -52.6% |
| Profit (loss) for the period | 9904 | €65,001 | €112,488 | +€47,486 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,001 | €112,488 | +€47,486 | +73.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.