TransFusion: 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.
TransFusion
Largest movements
- Receivables within one year -€108,024
down €108,024 (-49.7%), from €217,360 to €109,336
of which Trade receivables: -€157,807
- Cash +€31,066
new in 2025: €31,066
- Financial fixed assets +€18,600
new in 2025: €18,600
- Receivables after one year +€10,615
new in 2025: €10,615
- Tangible fixed assets +€10,095
up €10,095 (+719.0%), from €1,404 to €11,499
of which Other tangible fixed assets: +€7,695
- Profit (loss) carried forward -€134,307
down €134,307 (-79.6%), from €168,827 to €34,519
- Reserves +€66,902
new in 2025: €66,902
of which Distributable reserves: +€65,042
- Debts after one year +€25,187
new in 2025: €25,187
- Contributions +€18,600
new in 2025: €18,600
- Trade debts -€18,475
down €18,475 (-49.8%), from €37,067 to €18,593
- Gross operating margin -€142,402
down €142,402 (-84.1%), from €169,424 to €27,022
- Provisions +€4,086
new in 2025: €4,086
- Staff costs +€2,970
up €2,970 (+34616.1%), from €9 to €2,979
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €220,856 | €181,209 | -€39,647 | -18.0% |
| Fixed assets | 21/28 | €1,404 | €30,099 | +€28,695 | +2043.6% |
| Tangible fixed assets | 22/27 | €1,404 | €11,499 | +€10,095 | +719.0% |
| Furniture and vehicles | 24 | €1,404 | €3,805 | +€2,401 | +171.0% |
| Other tangible fixed assets | 26 | - | €7,695 | +€7,695 | |
| Financial fixed assets | 28 | - | €18,600 | +€18,600 | |
| Current assets | 29/58 | €219,452 | €151,109 | -€68,343 | -31.1% |
| Amounts receivable after more than one year | 29 | - | €10,615 | +€10,615 | |
| Other amounts receivable | 291 | - | €10,615 | +€10,615 | |
| Amounts receivable within one year | 40/41 | €217,360 | €109,336 | -€108,024 | -49.7% |
| Trade receivables | 40 | €214,790 | €56,983 | -€157,807 | -73.5% |
| Other amounts receivable | 41 | €2,570 | €52,353 | +€49,783 | +1937.1% |
| Current investments | 50/53 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | - | €31,066 | +€31,066 | |
| Deferred charges and accrued income | 490/1 | €92 | €92 | = | 0.0% |
| Total equity and liabilities | 10/49 | €220,856 | €181,209 | -€39,647 | -18.0% |
| Equity | 10/15 | €168,827 | €120,021 | -€48,806 | -28.9% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | - | €66,902 | +€66,902 | |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €65,042 | +€65,042 | |
| Profit (loss) carried forward | 14 | €168,827 | €34,519 | -€134,307 | -79.6% |
| Amounts payable | 17/49 | €52,029 | €61,188 | +€9,159 | +17.6% |
| Amounts payable after more than one year | 17 | - | €25,187 | +€25,187 | |
| Financial debts | 170/4 | - | €25,187 | +€25,187 | |
| Amounts payable within one year | 42/48 | €52,029 | €36,001 | -€16,028 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,850 | +€14,850 | |
| Trade debts | 44 | €37,067 | €18,593 | -€18,475 | -49.8% |
| Suppliers | 440/4 | €37,067 | €18,593 | -€18,475 | -49.8% |
| Taxes, remuneration and social security | 45 | €14,962 | €2,152 | -€12,810 | -85.6% |
| Taxes | 450/3 | €14,962 | €1,186 | -€13,776 | -92.1% |
| Remuneration and social security | 454/9 | - | €966 | +€966 | |
| Other amounts payable | 47/48 | - | €406 | +€406 | |
| Remuneration, social security and pensions | 62 | €9 | €2,979 | +€2,970 | +34616.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,086 | +€4,086 | |
| Other operating charges | 640/8 | €125 | €512 | +€387 | +309.9% |
| Non-recurring operating charges | 66A | - | €19,446 | +€19,446 | |
| Gross operating margin | 9900 | €169,424 | €27,022 | -€142,402 | -84.1% |
| Operating profit (loss) | 9901 | €169,291 | - | -€169,291 | |
| Profit (loss) for the period before taxes | 9903 | €169,291 | - | -€169,291 | |
| Profit (loss) for the period | 9904 | €169,291 | - | -€169,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €169,291 | - | -€169,291 |
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 2 October 2026 via checked.be.