TRANSFORMIT: 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.
TRANSFORMIT
Largest movements
- Tangible fixed assets -€93,278
down €93,278 (-98.7%), from €94,491 to €1,213
of which Plant, machinery and equipment: -€61,763
- Receivables within one year -€34,539
down €34,539 (-13.0%), from €265,048 to €230,509
of which Other amounts receivable: -€32,647
- Cash +€24,801
up €24,801 (+51.9%), from €47,804 to €72,605
mainly Net result for the year (+€221,783) and Investment in fixed assets (net) (+€92,672)
- Other debts -€48,944
down €48,944 (-16.3%), from €300,000 to €251,056
- Reserves -€28,217
down €28,217 (-62.9%), from €44,842 to €16,625
of which Distributable reserves: -€28,217
- Tax, wage and social debts -€13,079
down €13,079 (-35.2%), from €37,204 to €24,125
- Trade debts -€9,996
down €9,996 (-83.3%), from €11,999 to €2,003
- Depreciation -€24,782
down €24,782 (-97.6%), from €25,388 to €606
- Gross operating margin +€21,547
up €21,547 (+6.6%), from €326,241 to €347,788
- Other operating charges +€20,755
up €20,755 (+2352.5%), from €882 to €21,637
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 | €412,595 | €312,358 | -€100,237 | -24.3% |
| Fixed assets | 21/28 | €94,598 | €1,320 | -€93,278 | -98.6% |
| Tangible fixed assets | 22/27 | €94,491 | €1,213 | -€93,278 | -98.7% |
| Plant, machinery and equipment | 23 | €61,945 | €183 | -€61,763 | -99.7% |
| Furniture and vehicles | 24 | €31,773 | €1,031 | -€30,742 | -96.8% |
| Other tangible fixed assets | 26 | €773 | €0 | -€773 | -100.0% |
| Financial fixed assets | 28 | €107 | €107 | = | 0.0% |
| Current assets | 29/58 | €317,997 | €311,038 | -€6,959 | -2.2% |
| Amounts receivable within one year | 40/41 | €265,048 | €230,509 | -€34,539 | -13.0% |
| Trade receivables | 40 | €226,334 | €224,442 | -€1,892 | -0.8% |
| Other amounts receivable | 41 | €38,715 | €6,067 | -€32,647 | -84.3% |
| Cash at bank and in hand | 54/58 | €47,804 | €72,605 | +€24,801 | +51.9% |
| Deferred charges and accrued income | 490/1 | €5,144 | €7,924 | +€2,779 | +54.0% |
| Total equity and liabilities | 10/49 | €412,595 | €312,358 | -€100,237 | -24.3% |
| Equity | 10/15 | €63,392 | €35,175 | -€28,217 | -44.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €44,842 | €16,625 | -€28,217 | -62.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €44,842 | €16,625 | -€28,217 | -62.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €349,203 | €277,183 | -€72,020 | -20.6% |
| Amounts payable within one year | 42/48 | €349,203 | €277,183 | -€72,020 | -20.6% |
| Trade debts | 44 | €11,999 | €2,003 | -€9,996 | -83.3% |
| Suppliers | 440/4 | €11,999 | €2,003 | -€9,996 | -83.3% |
| Taxes, remuneration and social security | 45 | €37,204 | €24,125 | -€13,079 | -35.2% |
| Taxes | 450/3 | €37,204 | €24,125 | -€13,079 | -35.2% |
| Other amounts payable | 47/48 | €300,000 | €251,056 | -€48,944 | -16.3% |
| Non-recurring operating income | 76A | - | €53,956 | +€53,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,388 | €606 | -€24,782 | -97.6% |
| Other operating charges | 640/8 | €882 | €21,637 | +€20,755 | +2352.5% |
| Non-recurring operating charges | 66A | - | €19,347 | +€19,347 | |
| Gross operating margin | 9900 | €326,241 | €347,788 | +€21,547 | +6.6% |
| Operating profit (loss) | 9901 | €299,971 | €306,198 | +€6,227 | +2.1% |
| Financial income | 75/76B | €1,173 | €0 | -€1,173 | -100.0% |
| Recurring financial income | 75 | €1,173 | €0 | -€1,173 | -100.0% |
| Financial charges | 65/66B | €1,279 | €4,348 | +€3,069 | +240.0% |
| Recurring financial charges | 65 | €1,279 | €4,348 | +€3,069 | +240.0% |
| Profit (loss) for the period before taxes | 9903 | €299,865 | €301,850 | +€1,985 | +0.7% |
| Income taxes | 67/77 | €77,923 | €80,067 | +€2,144 | +2.8% |
| Profit (loss) for the period | 9904 | €221,942 | €221,783 | -€159 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €221,942 | €221,783 | -€159 | -0.1% |
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 28 September 2026 via checked.be.