Transhumal: 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.
What changed
Transhumal
NACE 49.410, Freight transport by road
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€236,809
2023 · €60,136+€176,673
Equity
€850,099
2023 · €613,290+€236,809
Cash
€247,374
2023 · €153,552+€93,822
Balance sheet total
€2.3m
2023 · €1.6m+€727,461
Largest movements
Assets
- Tangible fixed assets +€613,604
up €613,604 (+55.0%), from €1.1m to €1.7m
of which Leasing and similar rights: +€511,546
- Cash +€93,822
up €93,822 (+61.1%), from €153,552 to €247,374
mainly Debts after one year (+€392,805) and Depreciation (+€340,993)
Equity and liabilities
- Debts after one year +€392,805
up €392,805 (+87.3%), from €450,062 to €842,867
- Reserves +€230,544
up €230,544 (+62.6%), from €368,561 to €599,105
of which Tax-exempt reserves: +€230,544
- Current portion of long-term debt +€129,398
up €129,398 (+58.4%), from €221,671 to €351,070
Income statement
- Gross operating margin +€150,449
up €150,449 (+13.9%), from €1.1m to €1.2m
- Staff costs -€42,267
down €42,267 (-6.6%), from €644,155 to €601,888
- Financial charges +€17,354
up €17,354 (+114%), from €15,204 to €32,558
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.
Result 2023
€60,136
Gross operating margin
+€150,449
Staff costs
+€42,267
Depreciation
+€9,807
Other operating charges
-€1,515
Other operating items
-€7,912
Financial income
+€894
Financial charges
-€17,354
Taxes
+€39
Result 2024
€236,809
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€526,216
Investment
-€954,597
Financing
+€522,203
Cash 2023
€153,552
From operations (derived)
+€526,216
Net result for the year
+€236,809
Depreciation
+€340,993
Receivables within one year
-€9,546
Deferred charges and accrued income
-€10,489
Trade debts
-€18,465
Tax, wage and social debts
-€13,086
Investment (derived)
-€954,597
Investment in fixed assets (net)
-€954,597
Financing
+€522,203
Debts after one year
+€392,805
Current portion of long-term debt
+€129,398
Cash 2024
€247,374
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,608,692 | €2,336,154 | +€727,461 | +45.2% |
| Fixed assets | 21/28 | €1,153,407 | €1,767,011 | +€613,604 | +53.2% |
| Tangible fixed assets | 22/27 | €1,115,927 | €1,729,531 | +€613,604 | +55.0% |
| Land and buildings | 22 | €337,371 | €438,972 | +€101,601 | +30.1% |
| Plant, machinery and equipment | 23 | €24,213 | €41,148 | +€16,936 | +69.9% |
| Furniture and vehicles | 24 | €150,058 | €133,579 | -€16,479 | -11.0% |
| Leasing and similar rights | 25 | €604,285 | €1,115,832 | +€511,546 | +84.7% |
| Financial fixed assets | 28 | €37,480 | €37,480 | = | 0.0% |
| Current assets | 29/58 | €455,285 | €569,143 | +€113,858 | +25.0% |
| Amounts receivable within one year | 40/41 | €270,330 | €279,877 | +€9,546 | +3.5% |
| Trade receivables | 40 | €205,681 | €207,772 | +€2,091 | +1.0% |
| Other amounts receivable | 41 | €64,650 | €72,105 | +€7,455 | +11.5% |
| Cash at bank and in hand | 54/58 | €153,552 | €247,374 | +€93,822 | +61.1% |
| Deferred charges and accrued income | 490/1 | €31,403 | €41,892 | +€10,489 | +33.4% |
| Total equity and liabilities | 10/49 | €1,608,692 | €2,336,154 | +€727,461 | +45.2% |
| Equity | 10/15 | €613,290 | €850,099 | +€236,809 | +38.6% |
| Contributions | 10/11 | €107,000 | €107,000 | = | 0.0% |
| Capital | 10 | €107,000 | €107,000 | = | 0.0% |
| Issued capital | 100 | €107,000 | €107,000 | = | 0.0% |
| Reserves | 13 | €368,561 | €599,105 | +€230,544 | +62.6% |
| Non-distributable reserves | 130/1 | €13,233 | €13,233 | = | 0.0% |
| Legal reserve | 130 | €10,700 | €10,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,533 | €2,533 | = | 0.0% |
| Tax-exempt reserves | 132 | €355,328 | €585,872 | +€230,544 | +64.9% |
| Profit (loss) carried forward | 14 | €137,729 | €143,994 | +€6,265 | +4.5% |
| Amounts payable | 17/49 | €995,402 | €1,486,055 | +€490,652 | +49.3% |
| Amounts payable after more than one year | 17 | €450,062 | €842,867 | +€392,805 | +87.3% |
| Financial debts | 170/4 | €450,062 | €842,867 | +€392,805 | +87.3% |
| Amounts payable within one year | 42/48 | €544,863 | €642,711 | +€97,848 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €221,671 | €351,070 | +€129,398 | +58.4% |
| Trade debts | 44 | €228,517 | €210,052 | -€18,465 | -8.1% |
| Suppliers | 440/4 | €228,517 | €210,052 | -€18,465 | -8.1% |
| Taxes, remuneration and social security | 45 | €94,675 | €81,589 | -€13,086 | -13.8% |
| Taxes | 450/3 | €41,229 | €32,745 | -€8,484 | -20.6% |
| Remuneration and social security | 454/9 | €53,446 | €48,845 | -€4,602 | -8.6% |
| Accrued charges and deferred income | 492/3 | €477 | €477 | = | 0.0% |
| Non-recurring operating income | 76A | - | €241,272 | +€241,272 | |
| Remuneration, social security and pensions | 62 | €644,155 | €601,888 | -€42,267 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350,799 | €340,993 | -€9,807 | -2.8% |
| Other operating charges | 640/8 | €10,268 | €11,783 | +€1,515 | +14.8% |
| Non-recurring operating charges | 66A | €3,350 | €11,262 | +€7,912 | +236% |
| Gross operating margin | 9900 | €1,084,405 | €1,234,853 | +€150,449 | +13.9% |
| Operating profit (loss) | 9901 | €75,833 | €268,927 | +€193,095 | +255% |
| Financial income | 75/76B | €41 | €935 | +€894 | +2,163% |
| Recurring financial income | 75 | €41 | €935 | +€894 | +2,163% |
| Financial charges | 65/66B | €15,204 | €32,558 | +€17,354 | +114% |
| Recurring financial charges | 65 | €15,204 | €32,558 | +€17,354 | +114% |
| Profit (loss) for the period before taxes | 9903 | €60,670 | €237,304 | +€176,634 | +291% |
| Income taxes | 67/77 | €534 | €495 | -€39 | -7.3% |
| Profit (loss) for the period | 9904 | €60,136 | €236,809 | +€176,673 | +294% |
| Transfer to tax-exempt reserves | 689 | - | €230,544 | +€230,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,136 | €6,265 | -€53,871 | -89.6% |
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 23 October 2026 via checked.be.