TRANSWOLVES: 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.
TRANSWOLVES
Largest movements
- Cash +€18,116
up €18,116 (+99.0%), from €18,295 to €36,410
mainly Net result for the year (+€9,469) and Receivables within one year (+€5,375)
- Receivables within one year -€5,375
down €5,375 (-76.6%), from €7,021 to €1,646
of which Trade receivables: -€4,982
- Deferred charges and accrued income -€1,151
no longer reported in 2025 (was €1,151)
- Tangible fixed assets -€769
down €769 (-81.0%), from €949 to €180
- Reserves +€6,002
up €6,002 (+14.4%), from €41,778 to €47,779
- Profit (loss) carried forward +€3,467
no longer reported in 2025 (was -€3,467)
- Tax, wage and social debts +€2,561
up €2,561 (+106.4%), from €2,407 to €4,968
- Trade debts -€1,530
down €1,530 (-55.4%), from €2,761 to €1,231
- Gross operating margin +€12,810
up €12,810 (+412.2%), from €3,107 to €15,917
- Depreciation -€4,957
down €4,957 (-86.6%), from €5,726 to €769
- Taxes +€4,747
up €4,747 (+802.6%), from €591 to €5,338
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 | €52,416 | €63,236 | +€10,820 | +20.6% |
| Fixed assets | 21/28 | €949 | €180 | -€769 | -81.0% |
| Tangible fixed assets | 22/27 | €949 | €180 | -€769 | -81.0% |
| Furniture and vehicles | 24 | €949 | €180 | -€769 | -81.0% |
| Current assets | 29/58 | €51,467 | €63,056 | +€11,589 | +22.5% |
| Amounts receivable within one year | 40/41 | €7,021 | €1,646 | -€5,375 | -76.6% |
| Trade receivables | 40 | €6,609 | €1,627 | -€4,982 | -75.4% |
| Other amounts receivable | 41 | €412 | €19 | -€393 | -95.4% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,295 | €36,410 | +€18,116 | +99.0% |
| Deferred charges and accrued income | 490/1 | €1,151 | - | -€1,151 | |
| Total equity and liabilities | 10/49 | €52,416 | €63,236 | +€10,820 | +20.6% |
| Equity | 10/15 | €44,510 | €53,979 | +€9,469 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,778 | €47,779 | +€6,002 | +14.4% |
| Distributable reserves | 133 | €41,778 | €47,779 | +€6,002 | +14.4% |
| Profit (loss) carried forward | 14 | -€3,467 | - | +€3,467 | |
| Amounts payable | 17/49 | €7,906 | €9,257 | +€1,351 | +17.1% |
| Amounts payable within one year | 42/48 | €7,906 | €9,257 | +€1,351 | +17.1% |
| Trade debts | 44 | €2,761 | €1,231 | -€1,530 | -55.4% |
| Suppliers | 440/4 | €2,761 | €1,231 | -€1,530 | -55.4% |
| Taxes, remuneration and social security | 45 | €2,407 | €4,968 | +€2,561 | +106.4% |
| Taxes | 450/3 | €2,407 | €4,968 | +€2,561 | +106.4% |
| Other amounts payable | 47/48 | €2,738 | €3,058 | +€320 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,726 | €769 | -€4,957 | -86.6% |
| Other operating charges | 640/8 | €468 | €446 | -€22 | -4.8% |
| Gross operating margin | 9900 | €3,107 | €15,917 | +€12,810 | +412.2% |
| Operating profit (loss) | 9901 | -€3,087 | €14,703 | +€17,790 | |
| Financial income | 75/76B | €350 | €243 | -€107 | -30.6% |
| Recurring financial income | 75 | €350 | €243 | -€107 | -30.6% |
| Financial charges | 65/66B | €139 | €138 | -€1 | -0.6% |
| Recurring financial charges | 65 | €139 | €138 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,876 | €14,807 | +€17,684 | |
| Income taxes | 67/77 | €591 | €5,338 | +€4,747 | +802.6% |
| Profit (loss) for the period | 9904 | -€3,467 | €9,469 | +€12,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,467 | €9,469 | +€12,937 |
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.