TRANSCENDENTAL: 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.
TRANSCENDENTAL
Largest movements
- Tangible fixed assets -€23,689
down €23,689 (-25.6%), from €92,548 to €68,859
of which Furniture and vehicles: -€18,612
- Cash +€10,600
up €10,600 (+13.2%), from €80,106 to €90,706
mainly Other debts (+€25,026) and Depreciation (+€23,689)
- Receivables within one year +€3,334
up €3,334 (+52.6%), from €6,334 to €9,668
- Other debts +€25,026
up €25,026 (+663%), from €3,777 to €28,803
- Profit (loss) carried forward -€23,916
down €23,916 (-22.0%), from €108,625 to €84,709
- Current portion of long-term debt -€15,195
down €15,195 (-57.8%), from €26,279 to €11,084
- Trade debts +€11,427
up €11,427 (+197%), from €5,796 to €17,223
- Debts after one year -€7,248
down €7,248 (-22.3%), from €32,502 to €25,254
- Staff costs +€57,646
up €57,646 (+160%), from €36,010 to €93,656
- Gross operating margin +€31,002
up €31,002 (+39.5%), from €78,401 to €109,403
- Financial charges +€3,474
up €3,474 (+314%), from €1,108 to €4,582
- Other operating charges +€2,919
up €2,919 (+282%), from €1,034 to €3,953
- Taxes +€2,515
up €2,515 (+51.1%), from €4,924 to €7,439
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 | €179,235 | €169,479 | -€9,755 | -5.4% |
| Fixed assets | 21/28 | €92,769 | €69,081 | -€23,689 | -25.5% |
| Tangible fixed assets | 22/27 | €92,548 | €68,859 | -€23,689 | -25.6% |
| Plant, machinery and equipment | 23 | €35,060 | €29,984 | -€5,076 | -14.5% |
| Furniture and vehicles | 24 | €57,488 | €38,875 | -€18,612 | -32.4% |
| Financial fixed assets | 28 | €221 | €221 | = | 0.0% |
| Current assets | 29/58 | €86,466 | €100,399 | +€13,933 | +16.1% |
| Amounts receivable within one year | 40/41 | €6,334 | €9,668 | +€3,334 | +52.6% |
| Other amounts receivable | 41 | €6,334 | €9,668 | +€3,334 | +52.6% |
| Cash at bank and in hand | 54/58 | €80,106 | €90,706 | +€10,600 | +13.2% |
| Deferred charges and accrued income | 490/1 | €25 | €25 | = | 0.0% |
| Total equity and liabilities | 10/49 | €179,235 | €169,479 | -€9,755 | -5.4% |
| Equity | 10/15 | €110,625 | €86,709 | -€23,916 | -21.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,625 | €84,709 | -€23,916 | -22.0% |
| Amounts payable | 17/49 | €68,609 | €82,770 | +€14,161 | +20.6% |
| Amounts payable after more than one year | 17 | €32,502 | €25,254 | -€7,248 | -22.3% |
| Financial debts | 170/4 | €32,502 | €25,254 | -€7,248 | -22.3% |
| Amounts payable within one year | 42/48 | €36,107 | €57,516 | +€21,409 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | €26,279 | €11,084 | -€15,195 | -57.8% |
| Trade debts | 44 | €5,796 | €17,223 | +€11,427 | +197% |
| Suppliers | 440/4 | €5,796 | €17,223 | +€11,427 | +197% |
| Taxes, remuneration and social security | 45 | €255 | €406 | +€151 | +59.0% |
| Taxes | 450/3 | €227 | - | -€227 | |
| Remuneration and social security | 454/9 | €28 | €406 | +€378 | +1,339% |
| Other amounts payable | 47/48 | €3,777 | €28,803 | +€25,026 | +663% |
| Remuneration, social security and pensions | 62 | €36,010 | €93,656 | +€57,646 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,689 | €23,689 | = | 0.0% |
| Other operating charges | 640/8 | €1,034 | €3,953 | +€2,919 | +282% |
| Gross operating margin | 9900 | €78,401 | €109,403 | +€31,002 | +39.5% |
| Operating profit (loss) | 9901 | €17,668 | -€11,895 | -€29,563 | |
| Financial charges | 65/66B | €1,108 | €4,582 | +€3,474 | +314% |
| Recurring financial charges | 65 | €1,108 | €4,582 | +€3,474 | +314% |
| Profit (loss) for the period before taxes | 9903 | €16,560 | -€16,477 | -€33,037 | |
| Income taxes | 67/77 | €4,924 | €7,439 | +€2,515 | +51.1% |
| Profit (loss) for the period | 9904 | €11,636 | -€23,916 | -€35,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,636 | -€23,916 | -€35,552 |
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 18 October 2026 via checked.be.