Transbel: 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.
Transbel
Largest movements
- Tangible fixed assets -€6,742
down €6,742 (-76.6%), from €8,797 to €2,056
of which Furniture and vehicles: -€5,666
- Stocks and contracts +€6,367
up €6,367 (+8.5%), from €75,140 to €81,507
- Receivables within one year +€3,900
up €3,900 (+2.8%), from €140,724 to €144,624
of which Other amounts receivable: +€4,112
- Trade debts +€16,272
up €16,272 (+28.6%), from €56,972 to €73,243
- Profit (loss) carried forward -€15,393
down €15,393 (-21.2%), from -€72,644 to -€88,038
- Current portion of long-term debt -€5,583
down €5,583 (-100%), from €5,583 to €0
- Other debts +€5,479
up €5,479 (+2.8%), from €196,383 to €201,863
- Staff costs +€20,685
up €20,685 (+71.2%), from €29,033 to €49,719
- Gross operating margin +€13,156
up €13,156 (+33.8%), from €38,940 to €52,096
- Depreciation -€8,204
down €8,204 (-54.9%), from €14,946 to €6,742
- Other operating charges -€1,265
down €1,265 (-12.8%), from €9,903 to €8,639
- Financial income -€1,147
down €1,147 (-91.6%), from €1,253 to €106
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 | €261,325 | €262,700 | +€1,375 | +0.5% |
| Fixed assets | 21/28 | €9,219 | €2,477 | -€6,742 | -73.1% |
| Tangible fixed assets | 22/27 | €8,797 | €2,056 | -€6,742 | -76.6% |
| Land and buildings | 22 | €1,443 | €740 | -€703 | -48.7% |
| Plant, machinery and equipment | 23 | €1,361 | €988 | -€373 | -27.4% |
| Furniture and vehicles | 24 | €5,994 | €328 | -€5,666 | -94.5% |
| Financial fixed assets | 28 | €421 | €421 | = | 0.0% |
| Current assets | 29/58 | €252,106 | €260,223 | +€8,117 | +3.2% |
| Stocks and contracts in progress | 3 | €75,140 | €81,507 | +€6,367 | +8.5% |
| Stocks | 30/36 | €75,140 | €81,507 | +€6,367 | +8.5% |
| Amounts receivable within one year | 40/41 | €140,724 | €144,624 | +€3,900 | +2.8% |
| Trade receivables | 40 | €138,682 | €138,470 | -€212 | -0.2% |
| Other amounts receivable | 41 | €2,042 | €6,154 | +€4,112 | +201% |
| Cash at bank and in hand | 54/58 | €36,243 | €34,092 | -€2,150 | -5.9% |
| Total equity and liabilities | 10/49 | €261,325 | €262,700 | +€1,375 | +0.5% |
| Equity | 10/15 | -€8,688 | -€24,082 | -€15,393 | -177% |
| Contributions | 10/11 | €27,219 | €27,219 | = | 0.0% |
| Reserves | 13 | €36,737 | €36,737 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €36,737 | €36,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,644 | -€88,038 | -€15,393 | -21.2% |
| Amounts payable | 17/49 | €270,014 | €286,782 | +€16,768 | +6.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €269,629 | €286,397 | +€16,768 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €5,583 | €0 | -€5,583 | -100% |
| Financial debts | 43 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €56,972 | €73,243 | +€16,272 | +28.6% |
| Suppliers | 440/4 | €56,972 | €73,243 | +€16,272 | +28.6% |
| Taxes, remuneration and social security | 45 | €10,692 | €11,291 | +€600 | +5.6% |
| Taxes | 450/3 | €3,389 | €820 | -€2,569 | -75.8% |
| Remuneration and social security | 454/9 | €7,303 | €10,472 | +€3,169 | +43.4% |
| Other amounts payable | 47/48 | €196,383 | €201,863 | +€5,479 | +2.8% |
| Accrued charges and deferred income | 492/3 | €384 | €384 | = | 0.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €29,033 | €49,719 | +€20,685 | +71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,946 | €6,742 | -€8,204 | -54.9% |
| Other operating charges | 640/8 | €9,903 | €8,639 | -€1,265 | -12.8% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €38,940 | €52,096 | +€13,156 | +33.8% |
| Operating profit (loss) | 9901 | -€15,068 | -€13,003 | +€2,065 | +13.7% |
| Financial income | 75/76B | €1,253 | €106 | -€1,147 | -91.6% |
| Recurring financial income | 75 | €1,253 | €106 | -€1,147 | -91.6% |
| Financial charges | 65/66B | €1,486 | €2,303 | +€817 | +55.0% |
| Recurring financial charges | 65 | €1,486 | €2,303 | +€817 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,302 | -€15,201 | +€101 | +0.7% |
| Income taxes | 67/77 | €186 | €193 | +€7 | +3.6% |
| Profit (loss) for the period | 9904 | -€15,487 | -€15,393 | +€94 | +0.6% |
| Transfer from tax-exempt reserves | 789 | €4,710 | - | -€4,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,777 | -€15,393 | -€4,616 | -42.8% |
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 30 October 2026 via checked.be.