TRANSFREEZE: 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.
TRANSFREEZE
Largest movements
- Tangible fixed assets -€17,839
down €17,839 (-6.1%), from €294,070 to €276,231
- Profit (loss) carried forward -€16,235
down €16,235 (-8.4%), from -€193,941 to -€210,176
- Gross operating margin +€1,408
up €1,408 (+224.2%), from €628 to €2,036
- Depreciation -€1,266
down €1,266 (-6.6%), from €19,105 to €17,839
- Other operating charges -€813
down €813 (-65.2%), from €1,246 to €433
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,070 | €276,231 | -€17,839 | -6.1% |
| Fixed assets | 21/28 | €294,070 | €276,231 | -€17,839 | -6.1% |
| Tangible fixed assets | 22/27 | €294,070 | €276,231 | -€17,839 | -6.1% |
| Land and buildings | 22 | €294,070 | €276,231 | -€17,839 | -6.1% |
| Total equity and liabilities | 10/49 | €294,070 | €276,231 | -€17,839 | -6.1% |
| Equity | 10/15 | -€113,376 | -€129,611 | -€16,235 | -14.3% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,941 | -€210,176 | -€16,235 | -8.4% |
| Amounts payable | 17/49 | €407,446 | €405,842 | -€1,604 | -0.4% |
| Amounts payable after more than one year | 17 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €404,446 | €402,842 | -€1,604 | -0.4% |
| Other amounts payable | 47/48 | €404,446 | €402,842 | -€1,604 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,105 | €17,839 | -€1,266 | -6.6% |
| Other operating charges | 640/8 | €1,246 | €433 | -€813 | -65.2% |
| Gross operating margin | 9900 | €628 | €2,036 | +€1,408 | +224.2% |
| Operating profit (loss) | 9901 | -€19,723 | -€16,236 | +€3,487 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,723 | -€16,236 | +€3,487 | +17.7% |
| Profit (loss) for the period | 9904 | -€19,723 | -€16,236 | +€3,487 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,723 | -€16,236 | +€3,487 | +17.7% |
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 4 October 2026 via checked.be.