TRANSOLUTION: 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.
TRANSOLUTION
Largest movements
- Receivables within one year +€94,309
up €94,309 (+57.0%), from €165,510 to €259,819
of which Other amounts receivable: +€93,578
- Receivables after one year -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Current investments +€20,000
up €20,000 (+11.1%), from €180,000 to €200,000
- Cash -€19,003
down €19,003 (-37.9%), from €50,203 to €31,200
mainly Receivables within one year (-€94,309) and Current investments (-€20,000)
- Deferred charges and accrued income -€13,505
down €13,505 (-51.9%), from €25,998 to €12,494
- Reserves +€18,401
up €18,401 (+4.1%), from €447,423 to €465,824
- Tax, wage and social debts -€11,263
down €11,263 (-39.7%), from €28,403 to €17,140
- Financial income -€116,709
down €116,709 (-87.4%), from €133,526 to €16,817
of which Non-recurring financial income: -€118,657
- Gross operating margin -€45,392
down €45,392 (-55.7%), from €81,535 to €36,142
- Taxes -€37,609
down €37,609 (-59.9%), from €62,736 to €25,126
- Other operating charges -€14,067
down €14,067 (-77.5%), from €18,145 to €4,079
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 | €511,798 | €517,271 | +€5,473 | +1.1% |
| Fixed assets | 21/28 | €15,086 | €13,759 | -€1,328 | -8.8% |
| Tangible fixed assets | 22/27 | €15,086 | €13,759 | -€1,328 | -8.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €822 | €315 | -€507 | -61.7% |
| Furniture and vehicles | 24 | €6,703 | €6,739 | +€36 | +0.5% |
| Other tangible fixed assets | 26 | €7,562 | €6,705 | -€857 | -11.3% |
| Current assets | 29/58 | €496,712 | €503,513 | +€6,801 | +1.4% |
| Amounts receivable after more than one year | 29 | €75,000 | €0 | -€75,000 | -100.0% |
| Other amounts receivable | 291 | €75,000 | €0 | -€75,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €165,510 | €259,819 | +€94,309 | +57.0% |
| Trade receivables | 40 | €30,227 | €30,958 | +€731 | +2.4% |
| Other amounts receivable | 41 | €135,283 | €228,861 | +€93,578 | +69.2% |
| Current investments | 50/53 | €180,000 | €200,000 | +€20,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €50,203 | €31,200 | -€19,003 | -37.9% |
| Deferred charges and accrued income | 490/1 | €25,998 | €12,494 | -€13,505 | -51.9% |
| Total equity and liabilities | 10/49 | €511,798 | €517,271 | +€5,473 | +1.1% |
| Equity | 10/15 | €466,023 | €484,424 | +€18,401 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €447,423 | €465,824 | +€18,401 | +4.1% |
| Distributable reserves | 133 | €447,423 | €465,824 | +€18,401 | +4.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,776 | €32,847 | -€12,928 | -28.2% |
| Amounts payable within one year | 42/48 | €45,776 | €32,847 | -€12,928 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6,815 | €6,250 | -€565 | -8.3% |
| Credit institutions | 430/8 | €6,815 | €6,250 | -€565 | -8.3% |
| Trade debts | 44 | €10,557 | €9,457 | -€1,100 | -10.4% |
| Suppliers | 440/4 | €10,557 | €9,457 | -€1,100 | -10.4% |
| Taxes, remuneration and social security | 45 | €28,403 | €17,140 | -€11,263 | -39.7% |
| Taxes | 450/3 | €28,403 | €17,140 | -€11,263 | -39.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,282 | €3,971 | -€311 | -7.3% |
| Other operating charges | 640/8 | €18,145 | €4,079 | -€14,067 | -77.5% |
| Gross operating margin | 9900 | €81,535 | €36,142 | -€45,392 | -55.7% |
| Operating profit (loss) | 9901 | €59,107 | €28,092 | -€31,015 | -52.5% |
| Financial income | 75/76B | €133,526 | €16,817 | -€116,709 | -87.4% |
| Recurring financial income | 75 | €14,870 | €16,817 | +€1,947 | +13.1% |
| Non-recurring financial income | 76B | €118,657 | €0 | -€118,657 | -100.0% |
| Financial charges | 65/66B | €1,897 | €1,382 | -€515 | -27.2% |
| Recurring financial charges | 65 | €1,897 | €1,382 | -€515 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €190,736 | €43,528 | -€147,209 | -77.2% |
| Income taxes | 67/77 | €62,736 | €25,126 | -€37,609 | -59.9% |
| Profit (loss) for the period | 9904 | €128,001 | €18,401 | -€109,599 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €128,001 | €18,401 | -€109,599 | -85.6% |
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 10 October 2026 via checked.be.