TRANSGRAPHIC: 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.
TRANSGRAPHIC
Largest movements
- Tangible fixed assets -€23,143
down €23,143 (-7.1%), from €326,729 to €303,586
of which Land and buildings: -€12,000
- Cash -€13,470
down €13,470 (-26.0%), from €51,772 to €38,302
mainly Debts after one year (-€14,157) and Other debts (-€13,905)
- Debts after one year -€14,157
down €14,157 (-5.4%), from €260,203 to €246,046
- Other debts -€13,905
down €13,905 (-59.0%), from €23,549 to €9,644
- Gross operating margin +€11,579
up €11,579 (+48.0%), from €24,146 to €35,725
- Other operating charges -€962
down €962 (-33.4%), from €2,882 to €1,920
- Financial charges -€612
down €612 (-7.9%), from €7,739 to €7,127
- Depreciation +€409
up €409 (+1.8%), from €22,734 to €23,143
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 | €384,967 | €350,955 | -€34,012 | -8.8% |
| Fixed assets | 21/28 | €327,673 | €304,530 | -€23,143 | -7.1% |
| Tangible fixed assets | 22/27 | €326,729 | €303,586 | -€23,143 | -7.1% |
| Land and buildings | 22 | €300,000 | €288,000 | -€12,000 | -4.0% |
| Furniture and vehicles | 24 | €18,300 | €8,324 | -€9,977 | -54.5% |
| Other tangible fixed assets | 26 | €8,429 | €7,262 | -€1,166 | -13.8% |
| Financial fixed assets | 28 | €944 | €944 | = | 0.0% |
| Current assets | 29/58 | €57,294 | €46,425 | -€10,869 | -19.0% |
| Stocks and contracts in progress | 3 | €1,400 | €1,400 | = | 0.0% |
| Stocks | 30/36 | €1,400 | €1,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,129 | €6,460 | +€3,332 | +106.5% |
| Trade receivables | 40 | €2,820 | €6,339 | +€3,519 | +124.8% |
| Other amounts receivable | 41 | €309 | €122 | -€188 | -60.7% |
| Cash at bank and in hand | 54/58 | €51,772 | €38,302 | -€13,470 | -26.0% |
| Deferred charges and accrued income | 490/1 | €994 | €263 | -€731 | -73.6% |
| Total equity and liabilities | 10/49 | €384,967 | €350,955 | -€34,012 | -8.8% |
| Equity | 10/15 | €77,308 | €79,675 | +€2,367 | +3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,857 | €59,224 | +€2,367 | +4.2% |
| Amounts payable | 17/49 | €307,659 | €271,280 | -€36,379 | -11.8% |
| Amounts payable after more than one year | 17 | €260,203 | €246,046 | -€14,157 | -5.4% |
| Financial debts | 170/4 | €260,203 | €246,046 | -€14,157 | -5.4% |
| Amounts payable within one year | 42/48 | €47,456 | €25,233 | -€22,223 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €17,904 | €14,157 | -€3,748 | -20.9% |
| Trade debts | 44 | €4,652 | €1,233 | -€3,419 | -73.5% |
| Suppliers | 440/4 | €4,652 | €1,233 | -€3,419 | -73.5% |
| Taxes, remuneration and social security | 45 | €1,350 | €200 | -€1,150 | -85.2% |
| Taxes | 450/3 | - | €200 | +€200 | |
| Remuneration and social security | 454/9 | €1,350 | - | -€1,350 | |
| Other amounts payable | 47/48 | €23,549 | €9,644 | -€13,905 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,734 | €23,143 | +€409 | +1.8% |
| Other operating charges | 640/8 | €2,882 | €1,920 | -€962 | -33.4% |
| Non-recurring operating charges | 66A | €637 | €968 | +€331 | +52.0% |
| Gross operating margin | 9900 | €24,146 | €35,725 | +€11,579 | +48.0% |
| Operating profit (loss) | 9901 | -€2,106 | €9,694 | +€11,800 | |
| Financial charges | 65/66B | €7,739 | €7,127 | -€612 | -7.9% |
| Recurring financial charges | 65 | €7,739 | €7,127 | -€612 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,845 | €2,566 | +€12,412 | |
| Income taxes | 67/77 | €8 | €200 | +€191 | +2332.3% |
| Profit (loss) for the period | 9904 | -€9,854 | €2,367 | +€12,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,854 | €2,367 | +€12,220 |
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.