TRANSITION-S: 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.
TRANSITION-S
Largest movements
- Cash -€28,199
down €28,199 (-37.5%), from €75,241 to €47,042
mainly Net result for the year (-€38,123) and Deferred charges and accrued income (-€963)
- Receivables within one year -€2,556
down €2,556 (-24.0%), from €10,662 to €8,106
of which Trade receivables: -€2,459
- Deferred charges and accrued income +€963
new in 2025: €963
- Profit (loss) carried forward -€38,123
down €38,123 (-46.7%), from €81,599 to €43,476
- Tax, wage and social debts +€3,997
up €3,997 (+128105.1%), from €3 to €4,000
of which Taxes: +€2,997
- Other debts +€3,307
up €3,307 (+412.8%), from €801 to €4,108
- Trade debts +€1,026
new in 2025: €1,026
- Gross operating margin -€2,536
down €2,536 (-7.2%), from -€35,123 to -€37,658
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 | €85,903 | €56,110 | -€29,793 | -34.7% |
| Current assets | 29/58 | €85,903 | €56,110 | -€29,793 | -34.7% |
| Amounts receivable within one year | 40/41 | €10,662 | €8,106 | -€2,556 | -24.0% |
| Trade receivables | 40 | €9,910 | €7,452 | -€2,459 | -24.8% |
| Other amounts receivable | 41 | €752 | €654 | -€98 | -13.0% |
| Cash at bank and in hand | 54/58 | €75,241 | €47,042 | -€28,199 | -37.5% |
| Deferred charges and accrued income | 490/1 | - | €963 | +€963 | |
| Total equity and liabilities | 10/49 | €85,903 | €56,110 | -€29,793 | -34.7% |
| Equity | 10/15 | €85,099 | €46,976 | -€38,123 | -44.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,599 | €43,476 | -€38,123 | -46.7% |
| Amounts payable | 17/49 | €804 | €9,134 | +€8,330 | +1035.9% |
| Amounts payable within one year | 42/48 | €804 | €9,134 | +€8,330 | +1035.9% |
| Trade debts | 44 | - | €1,026 | +€1,026 | |
| Suppliers | 440/4 | - | €1,026 | +€1,026 | |
| Taxes, remuneration and social security | 45 | €3 | €4,000 | +€3,997 | +128105.1% |
| Taxes | 450/3 | €3 | €3,000 | +€2,997 | +96053.8% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €801 | €4,108 | +€3,307 | +412.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115 | - | -€115 | |
| Other operating charges | 640/8 | €406 | €400 | -€7 | -1.6% |
| Gross operating margin | 9900 | -€35,123 | -€37,658 | -€2,536 | -7.2% |
| Operating profit (loss) | 9901 | -€35,644 | -€38,058 | -€2,414 | -6.8% |
| Financial charges | 65/66B | €91 | €65 | -€26 | -28.8% |
| Recurring financial charges | 65 | €91 | €65 | -€26 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,736 | -€38,123 | -€2,388 | -6.7% |
| Profit (loss) for the period | 9904 | -€35,736 | -€38,123 | -€2,388 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,736 | -€38,123 | -€2,388 | -6.7% |
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.