TRANSFORMATION SA: 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 SA
Largest movements
- Tangible fixed assets -€6,637
down €6,637 (-8.7%), from €75,988 to €69,350
of which Land and buildings: -€4,090
- Cash -€1,272
down €1,272 (-79.7%), from €1,597 to €325
mainly Net result for the year (-€14,843)
- Profit (loss) carried forward -€14,843
down €14,843 (-31.0%), from -€47,925 to -€62,768
- Other debts +€6,120
up €6,120 (+566.8%), from €1,080 to €7,200
- Trade debts +€814
new in 2025: €814
- Gross operating margin -€11,007
down €11,007, from €7,749 to -€3,258
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 | €80,163 | €72,254 | -€7,909 | -9.9% |
| Fixed assets | 21/28 | €76,112 | €69,474 | -€6,637 | -8.7% |
| Tangible fixed assets | 22/27 | €75,988 | €69,350 | -€6,637 | -8.7% |
| Land and buildings | 22 | €60,594 | €56,504 | -€4,090 | -6.8% |
| Plant, machinery and equipment | 23 | €370 | €330 | -€40 | -10.7% |
| Other tangible fixed assets | 26 | €15,024 | €12,517 | -€2,507 | -16.7% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €4,051 | €2,779 | -€1,272 | -31.4% |
| Amounts receivable within one year | 40/41 | €154 | €154 | = | 0.0% |
| Other amounts receivable | 41 | €154 | €154 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,597 | €325 | -€1,272 | -79.7% |
| Deferred charges and accrued income | 490/1 | €2,301 | €2,301 | = | 0.0% |
| Total equity and liabilities | 10/49 | €80,163 | €72,254 | -€7,909 | -9.9% |
| Equity | 10/15 | €79,083 | €64,240 | -€14,843 | -18.8% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Outside capital | 11 | €123,947 | €123,947 | = | 0.0% |
| Other | 1109/19 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €3,062 | €3,062 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,062 | €3,062 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,062 | €3,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,925 | -€62,768 | -€14,843 | -31.0% |
| Amounts payable | 17/49 | €1,080 | €8,013 | +€6,934 | +642.2% |
| Amounts payable within one year | 42/48 | €1,080 | €8,013 | +€6,934 | +642.2% |
| Trade debts | 44 | - | €814 | +€814 | |
| Suppliers | 440/4 | - | €814 | +€814 | |
| Other amounts payable | 47/48 | €1,080 | €7,200 | +€6,120 | +566.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,624 | €6,637 | +€13 | +0.2% |
| Other operating charges | 640/8 | €4,605 | €4,589 | -€16 | -0.4% |
| Gross operating margin | 9900 | €7,749 | -€3,258 | -€11,007 | |
| Operating profit (loss) | 9901 | -€3,480 | -€14,484 | -€11,004 | -316.2% |
| Financial income | 75/76B | €1 | €1 | +€0 | +23.9% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +23.9% |
| Financial charges | 65/66B | €371 | €360 | -€10 | -2.8% |
| Recurring financial charges | 65 | €371 | €360 | -€10 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,849 | -€14,843 | -€10,994 | -285.6% |
| Profit (loss) for the period | 9904 | -€3,849 | -€14,843 | -€10,994 | -285.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,849 | -€14,843 | -€10,994 | -285.6% |
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 7 October 2026 via checked.be.