TRANSELEC: 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.
TRANSELEC
Largest movements
- Receivables within one year +€42,737
up €42,737 (+22.4%), from €191,057 to €233,793
of which Trade receivables: +€37,954
- Deferred charges and accrued income +€10,884
up €10,884 (+125.3%), from €8,687 to €19,571
- Tangible fixed assets -€3,028
down €3,028 (-15.4%), from €19,696 to €16,667
of which Furniture and vehicles: -€6,848
- Cash +€2,974
up €2,974 (+745.5%), from €399 to €3,373
mainly Net result for the year (+€34,172) and Tax, wage and social debts (+€21,081)
- Profit (loss) carried forward +€34,172
up €34,172 (+28.3%), from €120,577 to €154,749
- Tax, wage and social debts +€21,081
up €21,081 (+68.3%), from €30,849 to €51,931
of which Taxes: +€22,083
- Debts after one year -€6,040
down €6,040 (-49.7%), from €12,164 to €6,124
- Other debts +€3,924
up €3,924 (+14.8%), from €26,594 to €30,518
- Gross operating margin +€55,141
up €55,141 (+819.4%), from €6,729 to €61,870
- Taxes +€13,518
up €13,518 (+3853.9%), from €351 to €13,868
- Other operating charges +€3,903
up €3,903 (+533.9%), from €731 to €4,634
- Financial charges +€1,289
up €1,289 (+200.6%), from €643 to €1,932
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,137 | €287,703 | +€53,566 | +22.9% |
| Fixed assets | 21/28 | €21,111 | €18,082 | -€3,028 | -14.3% |
| Tangible fixed assets | 22/27 | €19,696 | €16,667 | -€3,028 | -15.4% |
| Plant, machinery and equipment | 23 | €423 | €4,243 | +€3,819 | +902.2% |
| Furniture and vehicles | 24 | €19,272 | €12,425 | -€6,848 | -35.5% |
| Financial fixed assets | 28 | €1,415 | €1,415 | = | 0.0% |
| Current assets | 29/58 | €213,026 | €269,621 | +€56,595 | +26.6% |
| Stocks and contracts in progress | 3 | €12,884 | €12,884 | = | 0.0% |
| Stocks | 30/36 | €12,884 | €12,884 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €191,057 | €233,793 | +€42,737 | +22.4% |
| Trade receivables | 40 | €152,784 | €190,738 | +€37,954 | +24.8% |
| Other amounts receivable | 41 | €38,273 | €43,055 | +€4,782 | +12.5% |
| Cash at bank and in hand | 54/58 | €399 | €3,373 | +€2,974 | +745.5% |
| Deferred charges and accrued income | 490/1 | €8,687 | €19,571 | +€10,884 | +125.3% |
| Total equity and liabilities | 10/49 | €234,137 | €287,703 | +€53,566 | +22.9% |
| Equity | 10/15 | €157,987 | €192,159 | +€34,172 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,210 | €31,210 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,350 | €29,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,577 | €154,749 | +€34,172 | +28.3% |
| Amounts payable | 17/49 | €76,150 | €95,544 | +€19,395 | +25.5% |
| Amounts payable after more than one year | 17 | €12,164 | €6,124 | -€6,040 | -49.7% |
| Financial debts | 170/4 | €12,164 | €6,124 | -€6,040 | -49.7% |
| Amounts payable within one year | 42/48 | €63,985 | €89,420 | +€25,435 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €5,958 | €6,040 | +€82 | +1.4% |
| Trade debts | 44 | €584 | €931 | +€347 | +59.5% |
| Suppliers | 440/4 | €584 | €931 | +€347 | +59.5% |
| Taxes, remuneration and social security | 45 | €30,849 | €51,931 | +€21,081 | +68.3% |
| Taxes | 450/3 | €29,848 | €51,931 | +€22,083 | +74.0% |
| Remuneration and social security | 454/9 | €1,002 | - | -€1,002 | |
| Other amounts payable | 47/48 | €26,594 | €30,518 | +€3,924 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,271 | €7,273 | +€2 | 0.0% |
| Other operating charges | 640/8 | €731 | €4,634 | +€3,903 | +533.9% |
| Gross operating margin | 9900 | €6,729 | €61,870 | +€55,141 | +819.4% |
| Operating profit (loss) | 9901 | -€1,273 | €49,964 | +€51,236 | |
| Financial income | 75/76B | €1 | €9 | +€8 | +737.0% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +737.0% |
| Financial charges | 65/66B | €643 | €1,932 | +€1,289 | +200.6% |
| Recurring financial charges | 65 | €643 | €1,932 | +€1,289 | +200.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,914 | €48,040 | +€49,955 | |
| Income taxes | 67/77 | €351 | €13,868 | +€13,518 | +3853.9% |
| Profit (loss) for the period | 9904 | -€2,265 | €34,172 | +€36,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,265 | €34,172 | +€36,437 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.