Transfm: 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.
Transfm
Largest movements
- Receivables within one year +€70,210
up €70,210 (+63.9%), from €109,960 to €180,170
of which Other amounts receivable: +€107,126
- Cash +€44,719
up €44,719 (+142%), from €31,384 to €76,103
mainly Net result for the year (+€77,211) and Tax, wage and social debts (+€21,147)
- Tangible fixed assets -€11,410
down €11,410 (-25.0%), from €45,646 to €34,236
- Financial fixed assets +€5,000
up €5,000 (+15.6%), from €32,000 to €37,000
- Profit (loss) carried forward +€77,211
up €77,211 (+69.2%), from €111,605 to €188,816
- Tax, wage and social debts +€21,147
up €21,147 (+32.8%), from €64,481 to €85,628
of which Taxes: +€34,033
- Trade debts +€20,923
new in 2024: €20,923
- Debts after one year -€9,752
down €9,752 (-46.7%), from €20,892 to €11,140
- Gross operating margin +€136,170
up €136,170 (+60.3%), from €225,900 to €362,070
- Staff costs +€115,405
up €115,405 (+104%), from €111,336 to €226,741
- Financial charges +€9,863
up €9,863 (+60.4%), from €16,318 to €26,181
- Financial income +€5,750
up €5,750 (+286%), from €2,008 to €7,758
- Other operating charges +€5,292
up €5,292 (+416%), from €1,272 to €6,564
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 | €218,989 | €327,509 | +€108,520 | +49.6% |
| Fixed assets | 21/28 | €77,646 | €71,236 | -€6,410 | -8.3% |
| Tangible fixed assets | 22/27 | €45,646 | €34,236 | -€11,410 | -25.0% |
| Furniture and vehicles | 24 | €45,646 | €34,236 | -€11,410 | -25.0% |
| Financial fixed assets | 28 | €32,000 | €37,000 | +€5,000 | +15.6% |
| Current assets | 29/58 | €141,344 | €256,273 | +€114,929 | +81.3% |
| Amounts receivable within one year | 40/41 | €109,960 | €180,170 | +€70,210 | +63.9% |
| Trade receivables | 40 | €36,915 | - | -€36,915 | |
| Other amounts receivable | 41 | €73,045 | €180,170 | +€107,126 | +147% |
| Cash at bank and in hand | 54/58 | €31,384 | €76,103 | +€44,719 | +142% |
| Total equity and liabilities | 10/49 | €218,989 | €327,509 | +€108,520 | +49.6% |
| Equity | 10/15 | €122,855 | €200,066 | +€77,211 | +62.8% |
| Contributions | 10/11 | €11,250 | €11,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,605 | €188,816 | +€77,211 | +69.2% |
| Amounts payable | 17/49 | €96,134 | €127,443 | +€31,309 | +32.6% |
| Amounts payable after more than one year | 17 | €20,892 | €11,140 | -€9,752 | -46.7% |
| Financial debts | 170/4 | €20,892 | €11,140 | -€9,752 | -46.7% |
| Amounts payable within one year | 42/48 | €75,242 | €116,303 | +€41,061 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €10,761 | €9,752 | -€1,009 | -9.4% |
| Trade debts | 44 | - | €20,923 | +€20,923 | |
| Suppliers | 440/4 | - | €20,923 | +€20,923 | |
| Taxes, remuneration and social security | 45 | €64,481 | €85,628 | +€21,147 | +32.8% |
| Taxes | 450/3 | €35,939 | €69,971 | +€34,033 | +94.7% |
| Remuneration and social security | 454/9 | €28,542 | €15,657 | -€12,885 | -45.1% |
| Remuneration, social security and pensions | 62 | €111,336 | €226,741 | +€115,405 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,548 | €11,410 | +€862 | +8.2% |
| Other operating charges | 640/8 | €1,272 | €6,564 | +€5,292 | +416% |
| Gross operating margin | 9900 | €225,900 | €362,070 | +€136,170 | +60.3% |
| Operating profit (loss) | 9901 | €102,745 | €117,355 | +€14,610 | +14.2% |
| Financial income | 75/76B | €2,008 | €7,758 | +€5,750 | +286% |
| Recurring financial income | 75 | €2,008 | €7,758 | +€5,750 | +286% |
| Financial charges | 65/66B | €16,318 | €26,181 | +€9,863 | +60.4% |
| Recurring financial charges | 65 | €16,318 | €26,181 | +€9,863 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €88,435 | €98,932 | +€10,497 | +11.9% |
| Income taxes | 67/77 | €17,957 | €21,721 | +€3,764 | +21.0% |
| Profit (loss) for the period | 9904 | €70,478 | €77,211 | +€6,733 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,478 | €77,211 | +€6,733 | +9.6% |
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 13 October 2026 via checked.be.