TRANSMETAL: 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.
TRANSMETAL
Largest movements
- Cash -€21,616
down €21,616 (-36.0%), from €60,044 to €38,428
mainly Other debts (-€21,805) and Investment in fixed assets (net) (-€8,814)
- Tangible fixed assets -€6,886
down €6,886 (-2.1%), from €333,787 to €326,901
- Other debts -€21,805
down €21,805 (-12.8%), from €170,746 to €148,941
- Financial charges -€4,058
down €4,058 (-28.2%), from €14,367 to €10,309
- Gross operating margin +€2,598
up €2,598 (+11.3%), from €22,910 to €25,509
- Depreciation +€874
up €874 (+5.9%), from €14,826 to €15,700
- Other operating charges +€266
up €266 (+6.4%), from €4,159 to €4,425
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 | €394,023 | €365,329 | -€28,694 | -7.3% |
| Fixed assets | 21/28 | €333,787 | €326,901 | -€6,886 | -2.1% |
| Tangible fixed assets | 22/27 | €333,787 | €326,901 | -€6,886 | -2.1% |
| Land and buildings | 22 | €333,787 | €326,901 | -€6,886 | -2.1% |
| Current assets | 29/58 | €60,236 | €38,428 | -€21,808 | -36.2% |
| Amounts receivable within one year | 40/41 | €192 | - | -€192 | |
| Trade receivables | 40 | €192 | - | -€192 | |
| Cash at bank and in hand | 54/58 | €60,044 | €38,428 | -€21,616 | -36.0% |
| Total equity and liabilities | 10/49 | €394,023 | €365,329 | -€28,694 | -7.3% |
| Equity | 10/15 | €196,405 | €192,615 | -€3,790 | -1.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €130,957 | €127,553 | -€3,404 | -2.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,759 | €61,355 | -€3,404 | -5.3% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,475 | €3,088 | -€386 | -11.1% |
| Provisions and deferred taxes | 16 | €21,586 | €20,452 | -€1,135 | -5.3% |
| Deferred taxes | 168 | €21,586 | €20,452 | -€1,135 | -5.3% |
| Amounts payable | 17/49 | €176,032 | €152,262 | -€23,769 | -13.5% |
| Amounts payable within one year | 42/48 | €176,032 | €152,262 | -€23,769 | -13.5% |
| Trade debts | 44 | €243 | €238 | -€5 | -2.2% |
| Suppliers | 440/4 | €243 | €238 | -€5 | -2.2% |
| Taxes, remuneration and social security | 45 | €5,043 | €3,084 | -€1,959 | -38.9% |
| Taxes | 450/3 | €5,043 | €3,084 | -€1,959 | -38.9% |
| Other amounts payable | 47/48 | €170,746 | €148,941 | -€21,805 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,826 | €15,700 | +€874 | +5.9% |
| Other operating charges | 640/8 | €4,159 | €4,425 | +€266 | +6.4% |
| Gross operating margin | 9900 | €22,910 | €25,509 | +€2,598 | +11.3% |
| Operating profit (loss) | 9901 | €3,925 | €5,384 | +€1,458 | +37.2% |
| Financial charges | 65/66B | €14,367 | €10,309 | -€4,058 | -28.2% |
| Recurring financial charges | 65 | €14,367 | €10,309 | -€4,058 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,441 | -€4,925 | +€5,516 | +52.8% |
| Transfer from deferred taxes | 780 | €1,135 | €1,135 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,307 | -€3,790 | +€5,516 | +59.3% |
| Transfer from tax-exempt reserves | 789 | €3,404 | €3,404 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,903 | -€386 | +€5,516 | +93.5% |
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 8 October 2026 via checked.be.