TRANSFORMER SERVICE: 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.
TRANSFORMER SERVICE
Largest movements
- Cash +€162,119
up €162,119 (+47.9%), from €338,601 to €500,720
mainly Net result for the year (+€296,292) and Depreciation (+€65,494)
- Receivables within one year +€89,958
up €89,958 (+23.4%), from €384,251 to €474,209
of which Trade receivables: +€112,490
- Tangible fixed assets -€42,795
down €42,795 (-11.9%), from €359,759 to €316,964
- Intangible fixed assets +€15,711
new in 2025: €15,711
- Profit (loss) carried forward +€296,292
up €296,292 (+28,846%), from €1,027 to €297,319
- Current portion of long-term debt -€51,828
down €51,828 (-53.2%), from €97,421 to €45,593
- Tax, wage and social debts +€46,199
up €46,199 (+306%), from €15,090 to €61,289
of which Taxes: +€47,803
- Reserves -€44,000
down €44,000 (-6.9%), from €640,365 to €596,365
of which Distributable reserves: -€44,000
- Debts after one year -€35,420
down €35,420 (-22.3%), from €158,835 to €123,415
- Gross operating margin +€208,027
up €208,027 (+47.1%), from €441,261 to €649,288
- Taxes +€50,421
up €50,421 (+79.4%), from €63,521 to €113,941
- Staff costs -€32,661
down €32,661 (-16.8%), from €194,178 to €161,517
- Depreciation +€13,386
up €13,386 (+25.7%), from €52,108 to €65,494
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.
Derived cash bridge
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 | €1,130,801 | €1,368,404 | +€237,604 | +21.0% |
| Fixed assets | 21/28 | €368,298 | €341,214 | -€27,084 | -7.4% |
| Intangible fixed assets | 21 | - | €15,711 | +€15,711 | |
| Tangible fixed assets | 22/27 | €359,759 | €316,964 | -€42,795 | -11.9% |
| Land and buildings | 22 | €170,528 | €155,585 | -€14,943 | -8.8% |
| Plant, machinery and equipment | 23 | €76,364 | €62,500 | -€13,863 | -18.2% |
| Furniture and vehicles | 24 | €37,454 | €31,541 | -€5,914 | -15.8% |
| Other tangible fixed assets | 26 | €75,413 | €67,338 | -€8,075 | -10.7% |
| Financial fixed assets | 28 | €8,539 | €8,539 | = | 0.0% |
| Current assets | 29/58 | €762,502 | €1,027,190 | +€264,688 | +34.7% |
| Stocks and contracts in progress | 3 | €39,651 | €47,751 | +€8,100 | +20.4% |
| Stocks | 30/36 | €39,651 | €47,751 | +€8,100 | +20.4% |
| Amounts receivable within one year | 40/41 | €384,251 | €474,209 | +€89,958 | +23.4% |
| Trade receivables | 40 | €305,216 | €417,706 | +€112,490 | +36.9% |
| Other amounts receivable | 41 | €79,035 | €56,503 | -€22,532 | -28.5% |
| Cash at bank and in hand | 54/58 | €338,601 | €500,720 | +€162,119 | +47.9% |
| Deferred charges and accrued income | 490/1 | €0 | €4,511 | +€4,511 | |
| Total equity and liabilities | 10/49 | €1,130,801 | €1,368,404 | +€237,604 | +21.0% |
| Equity | 10/15 | €659,984 | €912,276 | +€252,292 | +38.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €640,365 | €596,365 | -€44,000 | -6.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €638,506 | €594,506 | -€44,000 | -6.9% |
| Profit (loss) carried forward | 14 | €1,027 | €297,319 | +€296,292 | +28,846% |
| Amounts payable | 17/49 | €470,817 | €456,128 | -€14,688 | -3.1% |
| Amounts payable after more than one year | 17 | €158,835 | €123,415 | -€35,420 | -22.3% |
| Financial debts | 170/4 | €158,835 | €123,415 | -€35,420 | -22.3% |
| Amounts payable within one year | 42/48 | €311,982 | €331,863 | +€19,882 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €97,421 | €45,593 | -€51,828 | -53.2% |
| Trade debts | 44 | €199,471 | €224,788 | +€25,317 | +12.7% |
| Suppliers | 440/4 | €199,471 | €224,788 | +€25,317 | +12.7% |
| Taxes, remuneration and social security | 45 | €15,090 | €61,289 | +€46,199 | +306% |
| Taxes | 450/3 | €145 | €47,948 | +€47,803 | +32,929% |
| Remuneration and social security | 454/9 | €14,945 | €13,341 | -€1,604 | -10.7% |
| Other amounts payable | 47/48 | €0 | €193 | +€193 | |
| Accrued charges and deferred income | 492/3 | - | €850 | +€850 | |
| Remuneration, social security and pensions | 62 | €194,178 | €161,517 | -€32,661 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,108 | €65,494 | +€13,386 | +25.7% |
| Other operating charges | 640/8 | €4,334 | €4,254 | -€81 | -1.9% |
| Gross operating margin | 9900 | €441,261 | €649,288 | +€208,027 | +47.1% |
| Operating profit (loss) | 9901 | €190,641 | €418,024 | +€227,382 | +119% |
| Financial income | 75/76B | €1,887 | €2,820 | +€933 | +49.5% |
| Recurring financial income | 75 | €1,887 | €2,820 | +€933 | +49.5% |
| Financial charges | 65/66B | €7,166 | €10,610 | +€3,444 | +48.1% |
| Recurring financial charges | 65 | €7,166 | €10,610 | +€3,444 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €185,363 | €410,234 | +€224,871 | +121% |
| Income taxes | 67/77 | €63,521 | €113,941 | +€50,421 | +79.4% |
| Profit (loss) for the period | 9904 | €121,842 | €296,292 | +€174,450 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €121,842 | €296,292 | +€174,450 | +143% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.