Transfins: 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.
Transfins
Largest movements
- Tangible fixed assets +€10,663
new in 2024: €10,663
- Cash +€6,440
up €6,440 (+51230.6%), from €13 to €6,452
mainly Net result for the year (+€33,784) and Tax, wage and social debts (+€12,300)
- Receivables within one year +€4,522
up €4,522 (+6.6%), from €68,702 to €73,223
of which Trade receivables: +€17,695
- Profit (loss) carried forward +€33,784
up €33,784, from -€28,089 to €5,695
- Trade debts -€15,610
down €15,610 (-37.8%), from €41,250 to €25,640
- Tax, wage and social debts +€12,300
up €12,300 (+582.8%), from €2,111 to €14,411
of which Remuneration and social security: +€10,387
- Current portion of long-term debt -€8,364
no longer reported in 2024 (was €8,364)
- Turnover +€157,117
up €157,117 (+99.0%), from €158,692 to €315,809
- Gross operating margin +€113,979
up €113,979 (+21143.2%), from €539 to €114,518
- Staff costs +€51,242
up €51,242 (+289.9%), from €17,678 to €68,920
- Purchases and services +€39,914
up €39,914 (+24.7%), from €161,753 to €201,667
- Other operating charges -€13,262
down €13,262 (-67.4%), from €19,670 to €6,408
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 | €77,715 | €99,339 | +€21,625 | +27.8% |
| Fixed assets | 21/28 | €9,000 | €19,663 | +€10,663 | +118.5% |
| Tangible fixed assets | 22/27 | - | €10,663 | +€10,663 | |
| Furniture and vehicles | 24 | - | €10,663 | +€10,663 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €68,715 | €79,676 | +€10,961 | +16.0% |
| Amounts receivable within one year | 40/41 | €68,702 | €73,223 | +€4,522 | +6.6% |
| Trade receivables | 40 | €54,070 | €71,765 | +€17,695 | +32.7% |
| Other amounts receivable | 41 | €14,632 | €1,459 | -€13,174 | -90.0% |
| Cash at bank and in hand | 54/58 | €13 | €6,452 | +€6,440 | +51230.6% |
| Total equity and liabilities | 10/49 | €77,715 | €99,339 | +€21,625 | +27.8% |
| Equity | 10/15 | -€13,089 | €20,695 | +€33,784 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,089 | €5,695 | +€33,784 | |
| Amounts payable | 17/49 | €90,804 | €78,644 | -€12,159 | -13.4% |
| Amounts payable after more than one year | 17 | €16,531 | €16,531 | = | 0.0% |
| Financial debts | 170/4 | €16,531 | €16,531 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,272 | €62,113 | -€12,159 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €8,364 | - | -€8,364 | |
| Trade debts | 44 | €41,250 | €25,640 | -€15,610 | -37.8% |
| Suppliers | 440/4 | €41,250 | €25,640 | -€15,610 | -37.8% |
| Advances received on contracts in progress | 46 | €22,062 | €22,062 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,111 | €14,411 | +€12,300 | +582.8% |
| Taxes | 450/3 | - | €1,913 | +€1,913 | |
| Remuneration and social security | 454/9 | €2,111 | €12,498 | +€10,387 | +492.2% |
| Other amounts payable | 47/48 | €486 | - | -€486 | |
| Turnover | 70 | €158,692 | €315,809 | +€157,117 | +99.0% |
| Non-recurring operating income | 76A | €1,699 | - | -€1,699 | |
| Goods, raw materials, services and sundry goods | 60/61 | €161,753 | €201,667 | +€39,914 | +24.7% |
| Remuneration, social security and pensions | 62 | €17,678 | €68,920 | +€51,242 | +289.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,337 | +€3,337 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,316 | - | +€2,316 | |
| Other operating charges | 640/8 | €19,670 | €6,408 | -€13,262 | -67.4% |
| Gross operating margin | 9900 | €539 | €114,518 | +€113,979 | +21143.2% |
| Operating profit (loss) | 9901 | -€34,493 | €35,854 | +€70,347 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,624 | €1,138 | -€486 | -29.9% |
| Recurring financial charges | 65 | €1,624 | €1,138 | -€486 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,117 | €34,716 | +€70,833 | |
| Income taxes | 67/77 | €747 | €932 | +€185 | +24.8% |
| Profit (loss) for the period | 9904 | -€36,863 | €33,784 | +€70,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,863 | €33,784 | +€70,647 |
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.