TRANSOLUTION: 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.
TRANSOLUTION
Largest movements
- Cash -€77,485
down €77,485 (-57.6%), from €134,508 to €57,022
mainly Other debts (-€67,144) and Net result for the year (-€14,734)
- Receivables after one year -€26,673
down €26,673 (-63.5%), from €41,981 to €15,308
of which Other amounts receivable: -€41,981
- Tangible fixed assets -€17,011
down €17,011 (-21.1%), from €80,450 to €63,439
of which Land and buildings: -€14,789
- Current investments +€5,334
up €5,334 (+5.3%), from €100,000 to €105,334
- Receivables within one year +€4,525
up €4,525 (+13.1%), from €34,667 to €39,192
of which Other amounts receivable: +€6,532
- Other debts -€67,144
down €67,144 (-99.0%), from €67,790 to €646
- Reserves -€14,734
down €14,734 (-7.5%), from €195,424 to €180,690
of which Distributable reserves: -€9,249
- Debts after one year -€13,580
down €13,580 (-20.0%), from €67,907 to €54,327
- Trade debts -€12,578
down €12,578 (-59.8%), from €21,033 to €8,455
- Tax, wage and social debts -€7,939
down €7,939 (-65.2%), from €12,170 to €4,231
of which Taxes: -€7,939
- Gross operating margin -€28,287
down €28,287 (-37.4%), from €75,646 to €47,359
- Taxes -€7,812
down €7,812 (-100.0%), from €7,812 to €0
- Staff costs +€4,206
up €4,206 (+10.1%), from €41,826 to €46,031
- Depreciation -€3,613
down €3,613 (-14.2%), from €25,407 to €21,795
- Financial charges +€805
up €805 (+62.6%), from €1,287 to €2,092
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 | €397,417 | €284,041 | -€113,376 | -28.5% |
| Fixed assets | 21/28 | €85,415 | €63,698 | -€21,717 | -25.4% |
| Intangible fixed assets | 21 | €4,087 | €259 | -€3,828 | -93.7% |
| Tangible fixed assets | 22/27 | €80,450 | €63,439 | -€17,011 | -21.1% |
| Land and buildings | 22 | €74,916 | €60,127 | -€14,789 | -19.7% |
| Plant, machinery and equipment | 23 | €89 | €0 | -€89 | -100.0% |
| Furniture and vehicles | 24 | €5,445 | €3,312 | -€2,132 | -39.2% |
| Financial fixed assets | 28 | €878 | €0 | -€878 | -100.0% |
| Current assets | 29/58 | €312,002 | €220,343 | -€91,659 | -29.4% |
| Amounts receivable after more than one year | 29 | €41,981 | €15,308 | -€26,673 | -63.5% |
| Trade receivables | 290 | - | €15,308 | +€15,308 | |
| Other amounts receivable | 291 | €41,981 | - | -€41,981 | |
| Amounts receivable within one year | 40/41 | €34,667 | €39,192 | +€4,525 | +13.1% |
| Trade receivables | 40 | €23,239 | €21,232 | -€2,007 | -8.6% |
| Other amounts receivable | 41 | €11,429 | €17,961 | +€6,532 | +57.2% |
| Current investments | 50/53 | €100,000 | €105,334 | +€5,334 | +5.3% |
| Cash at bank and in hand | 54/58 | €134,508 | €57,022 | -€77,485 | -57.6% |
| Deferred charges and accrued income | 490/1 | €845 | €3,486 | +€2,640 | +312.4% |
| Total equity and liabilities | 10/49 | €397,417 | €284,041 | -€113,376 | -28.5% |
| Equity | 10/15 | €213,974 | €199,240 | -€14,734 | -6.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €195,424 | €180,690 | -€14,734 | -7.5% |
| Non-distributable reserves | 130/1 | €5,485 | €0 | -€5,485 | -100.0% |
| Reserves not available under the articles | 1311 | €5,485 | €0 | -€5,485 | -100.0% |
| Distributable reserves | 133 | €189,939 | €180,690 | -€9,249 | -4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,443 | €84,801 | -€98,641 | -53.8% |
| Amounts payable after more than one year | 17 | €67,907 | €54,327 | -€13,580 | -20.0% |
| Financial debts | 170/4 | €67,907 | €54,327 | -€13,580 | -20.0% |
| Amounts payable within one year | 42/48 | €115,470 | €27,445 | -€88,025 | -76.2% |
| Current portion of amounts payable after more than one year | 42 | €14,294 | €13,996 | -€297 | -2.1% |
| Financial debts | 43 | €184 | €117 | -€67 | -36.3% |
| Credit institutions | 430/8 | €184 | €0 | -€184 | -100.0% |
| Other loans | 439 | - | €117 | +€117 | |
| Trade debts | 44 | €21,033 | €8,455 | -€12,578 | -59.8% |
| Suppliers | 440/4 | €21,033 | €8,455 | -€12,578 | -59.8% |
| Taxes, remuneration and social security | 45 | €12,170 | €4,231 | -€7,939 | -65.2% |
| Taxes | 450/3 | €12,170 | €4,231 | -€7,939 | -65.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €67,790 | €646 | -€67,144 | -99.0% |
| Accrued charges and deferred income | 492/3 | €66 | €3,029 | +€2,963 | +4510.2% |
| Remuneration, social security and pensions | 62 | €41,826 | €46,031 | +€4,206 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,407 | €21,795 | -€3,613 | -14.2% |
| Other operating charges | 640/8 | €2,391 | €2,398 | +€8 | +0.3% |
| Gross operating margin | 9900 | €75,646 | €47,359 | -€28,287 | -37.4% |
| Operating profit (loss) | 9901 | €6,022 | -€22,865 | -€28,887 | |
| Financial income | 75/76B | €10,539 | €10,223 | -€317 | -3.0% |
| Recurring financial income | 75 | €10,539 | €10,223 | -€317 | -3.0% |
| Financial charges | 65/66B | €1,287 | €2,092 | +€805 | +62.6% |
| Recurring financial charges | 65 | €1,287 | €2,092 | +€805 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €15,275 | -€14,734 | -€30,010 | |
| Income taxes | 67/77 | €7,812 | €0 | -€7,812 | -100.0% |
| Profit (loss) for the period | 9904 | €7,463 | -€14,734 | -€22,197 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,463 | -€14,734 | -€22,197 |
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.