trAnsforme: what changed
Two financial 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.
trAnsforme
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash +€29,496
up €29,496 (+73.4%), from €40,200 to €69,696
mainly Net result for the year (+€69,844) and Receivables within one year (+€23,493)
- Receivables within one year -€23,493
down €23,493 (-56.5%), from €41,606 to €18,113
of which Trade receivables: -€23,457
- Tangible fixed assets +€21,518
up €21,518 (+2135.1%), from €1,008 to €22,526
of which Furniture and vehicles: +€21,161
- Reserves +€69,844
up €69,844 (+125.3%), from €55,727 to €125,571
- Trade debts +€14,420
up €14,420 (+1227.7%), from €1,175 to €15,594
- Tax, wage and social debts +€4,845
up €4,845 (+34.5%), from €14,051 to €18,896
- Gross operating margin +€25,070
up €25,070 (+35.4%), from €70,773 to €95,843
- Depreciation +€5,805
up €5,805 (+1727.9%), from €336 to €6,141
- Taxes +€4,845
up €4,845 (+34.5%), from €14,051 to €18,896
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 | €82,814 | €170,335 | +€87,522 | +105.7% |
| Fixed assets | 21/28 | €1,008 | €22,526 | +€21,518 | +2135.1% |
| Tangible fixed assets | 22/27 | €1,008 | €22,526 | +€21,518 | +2135.1% |
| Plant, machinery and equipment | 23 | €1,008 | €1,365 | +€357 | +35.4% |
| Furniture and vehicles | 24 | - | €21,161 | +€21,161 | |
| Current assets | 29/58 | €81,806 | €147,809 | +€66,003 | +80.7% |
| Amounts receivable within one year | 40/41 | €41,606 | €18,113 | -€23,493 | -56.5% |
| Trade receivables | 40 | €41,570 | €18,113 | -€23,457 | -56.4% |
| Other amounts receivable | 41 | €36 | - | -€36 | |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €40,200 | €69,696 | +€29,496 | +73.4% |
| Total equity and liabilities | 10/49 | €82,814 | €170,335 | +€87,522 | +105.7% |
| Equity | 10/15 | €57,227 | €127,071 | +€69,844 | +122.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €55,727 | €125,571 | +€69,844 | +125.3% |
| Distributable reserves | 133 | €55,727 | €125,571 | +€69,844 | +125.3% |
| Amounts payable | 17/49 | €25,587 | €43,265 | +€17,678 | +69.1% |
| Amounts payable within one year | 42/48 | €25,587 | €43,265 | +€17,678 | +69.1% |
| Trade debts | 44 | €1,175 | €15,594 | +€14,420 | +1227.7% |
| Suppliers | 440/4 | €1,175 | €15,594 | +€14,420 | +1227.7% |
| Taxes, remuneration and social security | 45 | €14,051 | €18,896 | +€4,845 | +34.5% |
| Taxes | 450/3 | €14,051 | €18,896 | +€4,845 | +34.5% |
| Other amounts payable | 47/48 | €10,361 | €8,774 | -€1,587 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €6,141 | +€5,805 | +1727.9% |
| Other operating charges | 640/8 | €647 | €902 | +€256 | +39.5% |
| Gross operating margin | 9900 | €70,773 | €95,843 | +€25,070 | +35.4% |
| Operating profit (loss) | 9901 | €69,790 | €88,800 | +€19,010 | +27.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12 | €60 | +€48 | +412.0% |
| Recurring financial charges | 65 | €12 | €60 | +€48 | +412.0% |
| Profit (loss) for the period before taxes | 9903 | €69,778 | €88,740 | +€18,961 | +27.2% |
| Income taxes | 67/77 | €14,051 | €18,896 | +€4,845 | +34.5% |
| Profit (loss) for the period | 9904 | €55,727 | €69,844 | +€14,117 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,727 | €69,844 | +€14,117 | +25.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.