TRANS-MARANATHA: 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.
TRANS-MARANATHA
Largest movements
- Receivables after one year +€70,000
new in 2024: €70,000
- Receivables within one year -€52,959
down €52,959 (-66.3%), from €79,841 to €26,882
of which Trade receivables: -€28,369
- Tangible fixed assets -€10,040
down €10,040 (-80.4%), from €12,483 to €2,443
- Cash +€8,590
up €8,590 (+37.7%), from €22,768 to €31,359
mainly Net result for the year (+€66,959) and Receivables within one year (+€52,959)
- Profit (loss) carried forward +€36,959
up €36,959 (+229%), from €16,130 to €53,089
- Trade debts -€23,323
down €23,323 (-67.3%), from €34,649 to €11,326
- Tax, wage and social debts +€7,955
up €7,955 (+29.9%), from €26,573 to €34,528
of which Taxes: +€20,656
- Other debts -€6,000
down €6,000 (-16.7%), from €36,000 to €30,000
- Depreciation -€11,816
down €11,816 (-58.5%), from €20,181 to €8,365
- Taxes +€10,867
up €10,867 (+344%), from €3,155 to €14,023
- Staff costs -€9,804
down €9,804 (-6.0%), from €162,130 to €152,326
- Gross operating margin +€6,459
up €6,459 (+2.7%), from €235,954 to €242,414
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.
Derived cash bridge
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 | €115,352 | €130,943 | +€15,591 | +13.5% |
| Fixed assets | 21/28 | €12,483 | €2,443 | -€10,040 | -80.4% |
| Tangible fixed assets | 22/27 | €12,483 | €2,443 | -€10,040 | -80.4% |
| Furniture and vehicles | 24 | €12,483 | €2,443 | -€10,040 | -80.4% |
| Current assets | 29/58 | €102,869 | €128,501 | +€25,632 | +24.9% |
| Amounts receivable after more than one year | 29 | - | €70,000 | +€70,000 | |
| Other amounts receivable | 291 | - | €70,000 | +€70,000 | |
| Amounts receivable within one year | 40/41 | €79,841 | €26,882 | -€52,959 | -66.3% |
| Trade receivables | 40 | €54,658 | €26,290 | -€28,369 | -51.9% |
| Other amounts receivable | 41 | €25,182 | €592 | -€24,590 | -97.6% |
| Cash at bank and in hand | 54/58 | €22,768 | €31,359 | +€8,590 | +37.7% |
| Deferred charges and accrued income | 490/1 | €260 | €260 | = | 0.0% |
| Total equity and liabilities | 10/49 | €115,352 | €130,943 | +€15,591 | +13.5% |
| Equity | 10/15 | €18,130 | €55,089 | +€36,959 | +204% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,130 | €53,089 | +€36,959 | +229% |
| Amounts payable | 17/49 | €97,222 | €75,854 | -€21,368 | -22.0% |
| Amounts payable within one year | 42/48 | €97,222 | €75,854 | -€21,368 | -22.0% |
| Trade debts | 44 | €34,649 | €11,326 | -€23,323 | -67.3% |
| Suppliers | 440/4 | €34,649 | €11,326 | -€23,323 | -67.3% |
| Taxes, remuneration and social security | 45 | €26,573 | €34,528 | +€7,955 | +29.9% |
| Taxes | 450/3 | €2,846 | €23,502 | +€20,656 | +726% |
| Remuneration and social security | 454/9 | €23,727 | €11,027 | -€12,701 | -53.5% |
| Other amounts payable | 47/48 | €36,000 | €30,000 | -€6,000 | -16.7% |
| Remuneration, social security and pensions | 62 | €162,130 | €152,326 | -€9,804 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,181 | €8,365 | -€11,816 | -58.5% |
| Other operating charges | 640/8 | €2,263 | €1,445 | -€818 | -36.2% |
| Non-recurring operating charges | 66A | - | €913 | +€913 | |
| Gross operating margin | 9900 | €235,954 | €242,414 | +€6,459 | +2.7% |
| Operating profit (loss) | 9901 | €51,380 | €79,365 | +€27,984 | +54.5% |
| Financial income | 75/76B | €769 | €2,450 | +€1,681 | +219% |
| Recurring financial income | 75 | €769 | €2,450 | +€1,681 | +219% |
| Financial charges | 65/66B | €2,207 | €833 | -€1,374 | -62.3% |
| Recurring financial charges | 65 | €823 | €833 | +€10 | +1.2% |
| Non-recurring financial charges | 66B | €1,384 | - | -€1,384 | |
| Profit (loss) for the period before taxes | 9903 | €49,941 | €80,981 | +€31,040 | +62.2% |
| Income taxes | 67/77 | €3,155 | €14,023 | +€10,867 | +344% |
| Profit (loss) for the period | 9904 | €46,786 | €66,959 | +€20,173 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,786 | €66,959 | +€20,173 | +43.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.