TRANS CONNECT: 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.
TRANS CONNECT
Largest movements
- Tangible fixed assets +€219,132
up €219,132 (+35.0%), from €626,513 to €845,645
of which Leasing and similar rights: +€241,433
- Cash -€43,333
no longer reported in 2024 (was €43,333)
mainly Investment in fixed assets (net) (-€390,546) and Accrued charges and deferred income (-€149,300)
- Receivables within one year +€18,449
up €18,449 (+5.8%), from €318,015 to €336,464
of which Trade receivables: +€19,137
- Debts after one year +€228,334
up €228,334 (+76.8%), from €297,407 to €525,741
of which Financial debts: +€228,334
- Accrued charges and deferred income -€149,300
no longer reported in 2024 (was €149,300)
- Current portion of long-term debt +€78,045
up €78,045 (+152.8%), from €51,062 to €129,106
- Tax, wage and social debts -€44,455
down €44,455 (-25.2%), from €176,656 to €132,200
of which Remuneration and social security: -€22,258
- Trade debts +€34,065
up €34,065 (+25.5%), from €133,529 to €167,594
- Gross operating margin +€212,286
up €212,286 (+22.2%), from €958,125 to €1.2m
- Staff costs +€99,406
up €99,406 (+17.7%), from €560,518 to €659,925
- Depreciation +€66,182
up €66,182 (+57.7%), from €114,779 to €180,961
- Other operating charges +€46,370
up €46,370 (+24.5%), from €189,610 to €235,980
- Financial charges +€18,857
up €18,857 (+84.4%), from €22,347 to €41,204
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,087,776 | €1,272,476 | +€184,701 | +17.0% |
| Formation expenses | 20 | €38,164 | €28,617 | -€9,548 | -25.0% |
| Fixed assets | 21/28 | €688,263 | €907,395 | +€219,132 | +31.8% |
| Tangible fixed assets | 22/27 | €626,513 | €845,645 | +€219,132 | +35.0% |
| Land and buildings | 22 | €339,688 | €329,688 | -€10,000 | -2.9% |
| Furniture and vehicles | 24 | €48,876 | €26,810 | -€22,066 | -45.1% |
| Leasing and similar rights | 25 | €53,406 | €294,840 | +€241,433 | +452.1% |
| Other tangible fixed assets | 26 | €184,542 | €194,308 | +€9,765 | +5.3% |
| Financial fixed assets | 28 | €61,750 | €61,750 | = | 0.0% |
| Current assets | 29/58 | €361,348 | €336,464 | -€24,884 | -6.9% |
| Amounts receivable within one year | 40/41 | €318,015 | €336,464 | +€18,449 | +5.8% |
| Trade receivables | 40 | €292,230 | €311,367 | +€19,137 | +6.5% |
| Other amounts receivable | 41 | €25,785 | €25,097 | -€688 | -2.7% |
| Cash at bank and in hand | 54/58 | €43,333 | - | -€43,333 | |
| Total equity and liabilities | 10/49 | €1,087,776 | €1,272,476 | +€184,701 | +17.0% |
| Equity | 10/15 | €272,604 | €276,828 | +€4,224 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €750 | €750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €750 | €750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €750 | €750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,254 | €257,478 | +€4,224 | +1.7% |
| Amounts payable | 17/49 | €815,171 | €995,648 | +€180,477 | +22.1% |
| Amounts payable after more than one year | 17 | €297,407 | €525,741 | +€228,334 | +76.8% |
| Financial debts | 170/4 | €247,407 | €475,741 | +€228,334 | +92.3% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €368,465 | €469,907 | +€101,442 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €51,062 | €129,106 | +€78,045 | +152.8% |
| Financial debts | 43 | - | €13,406 | +€13,406 | |
| Credit institutions | 430/8 | - | €13,406 | +€13,406 | |
| Trade debts | 44 | €133,529 | €167,594 | +€34,065 | +25.5% |
| Suppliers | 440/4 | €133,529 | €167,594 | +€34,065 | +25.5% |
| Taxes, remuneration and social security | 45 | €176,656 | €132,200 | -€44,455 | -25.2% |
| Taxes | 450/3 | €87,650 | €65,453 | -€22,197 | -25.3% |
| Remuneration and social security | 454/9 | €89,006 | €66,747 | -€22,258 | -25.0% |
| Other amounts payable | 47/48 | €7,218 | €27,600 | +€20,382 | +282.4% |
| Accrued charges and deferred income | 492/3 | €149,300 | - | -€149,300 | |
| Non-recurring operating income | 76A | €67,144 | €50,315 | -€16,829 | -25.1% |
| Remuneration, social security and pensions | 62 | €560,518 | €659,925 | +€99,406 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,779 | €180,961 | +€66,182 | +57.7% |
| Other operating charges | 640/8 | €189,610 | €235,980 | +€46,370 | +24.5% |
| Non-recurring operating charges | 66A | €9,884 | €44,716 | +€34,831 | +352.4% |
| Gross operating margin | 9900 | €958,125 | €1,170,412 | +€212,286 | +22.2% |
| Operating profit (loss) | 9901 | €83,333 | €48,830 | -€34,503 | -41.4% |
| Financial income | 75/76B | €37 | €42 | +€6 | +15.8% |
| Recurring financial income | 75 | €37 | €42 | +€6 | +15.8% |
| Financial charges | 65/66B | €22,347 | €41,204 | +€18,857 | +84.4% |
| Recurring financial charges | 65 | €22,347 | €41,204 | +€18,857 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | €61,023 | €7,669 | -€53,354 | -87.4% |
| Income taxes | 67/77 | €18,120 | €3,445 | -€14,675 | -81.0% |
| Profit (loss) for the period | 9904 | €42,903 | €4,224 | -€38,679 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,903 | €4,224 | -€38,679 | -90.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.