TRANSFUND TWO: 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.
TRANSFUND TWO
Largest movements
- Cash -€312,620
down €312,620 (-66.2%), from €472,223 to €159,603
mainly Current investments (-€250,000) and Net result for the year (-€53,558)
- Current investments +€250,000
new in 2024: €250,000
- Profit (loss) carried forward -€53,558
down €53,558 (-52.7%), from €101,622 to €48,065
- Financial income -€384,573
down €384,573 (-98.5%), from €390,331 to €5,758
of which Non-recurring financial income: -€314,313
- Gross operating margin +€4,118
up €4,118 (+6.5%), from -€62,916 to -€58,798
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 | €801,097 | €743,054 | -€58,043 | -7.2% |
| Fixed assets | 21/28 | €321,957 | €321,957 | = | 0.0% |
| Financial fixed assets | 28 | €321,957 | €321,957 | = | 0.0% |
| Current assets | 29/58 | €479,140 | €421,097 | -€58,043 | -12.1% |
| Amounts receivable within one year | 40/41 | - | €527 | +€527 | |
| Other amounts receivable | 41 | - | €527 | +€527 | |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €472,223 | €159,603 | -€312,620 | -66.2% |
| Deferred charges and accrued income | 490/1 | €6,917 | €10,967 | +€4,050 | +58.6% |
| Total equity and liabilities | 10/49 | €801,097 | €743,054 | -€58,043 | -7.2% |
| Equity | 10/15 | €793,221 | €739,663 | -€53,558 | -6.8% |
| Contributions | 10/11 | €686,250 | €686,250 | = | 0.0% |
| Capital | 10 | €686,250 | €686,250 | = | 0.0% |
| Issued capital | 100 | €1,525,000 | €1,525,000 | = | 0.0% |
| Uncalled capital | 101 | €838,750 | €838,750 | = | 0.0% |
| Reserves | 13 | €5,349 | €5,349 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,349 | €5,349 | = | 0.0% |
| Legal reserve | 130 | €5,349 | €5,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,622 | €48,065 | -€53,558 | -52.7% |
| Amounts payable | 17/49 | €7,876 | €3,391 | -€4,485 | -56.9% |
| Amounts payable within one year | 42/48 | €7,876 | €3,391 | -€4,485 | -56.9% |
| Trade debts | 44 | €7,876 | €3,391 | -€4,485 | -56.9% |
| Suppliers | 440/4 | €7,876 | €3,391 | -€4,485 | -56.9% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€62,916 | -€58,798 | +€4,118 | +6.5% |
| Operating profit (loss) | 9901 | -€63,301 | -€59,186 | +€4,115 | +6.5% |
| Financial income | 75/76B | €390,331 | €5,758 | -€384,573 | -98.5% |
| Recurring financial income | 75 | €76,019 | €5,758 | -€70,261 | -92.4% |
| Non-recurring financial income | 76B | €314,313 | - | -€314,313 | |
| Financial charges | 65/66B | €114 | €130 | +€16 | +13.9% |
| Recurring financial charges | 65 | €114 | €130 | +€16 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €326,916 | -€53,558 | -€380,474 | |
| Profit (loss) for the period | 9904 | €326,916 | -€53,558 | -€380,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €326,916 | -€53,558 | -€380,474 |
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 1 October 2026 via checked.be.