TRANSLOVAK: 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.
TRANSLOVAK
Largest movements
- Tangible fixed assets +€49,066
up €49,066 (+14.2%), from €345,982 to €395,047
of which Furniture and vehicles: +€55,632
- Cash +€10,443
up €10,443 (+17.2%), from €60,699 to €71,142
mainly Debts after one year (+€33,600) and Depreciation (+€33,211)
- Debts after one year +€33,600
new in 2024: €33,600
- Current portion of long-term debt +€15,062
new in 2024: €15,062
- Tax, wage and social debts +€11,242
up €11,242 (+98.0%), from €11,473 to €22,715
- Depreciation +€19,966
up €19,966 (+151%), from €13,245 to €33,211
- Gross operating margin +€15,925
up €15,925 (+58.0%), from €27,443 to €43,368
- Financial income +€5,569
up €5,569 (+273,010%), from €2 to €5,571
of which Non-recurring financial income: +€5,450
- Financial charges +€3,599
up €3,599 (+26.5%), from €13,587 to €17,186
- Other operating charges -€1,376
down €1,376 (-33.4%), from €4,119 to €2,743
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 | €517,082 | €571,289 | +€54,207 | +10.5% |
| Fixed assets | 21/28 | €345,982 | €395,047 | +€49,066 | +14.2% |
| Tangible fixed assets | 22/27 | €345,982 | €395,047 | +€49,066 | +14.2% |
| Land and buildings | 22 | €331,650 | €323,908 | -€7,742 | -2.3% |
| Plant, machinery and equipment | 23 | €2,231 | €3,407 | +€1,176 | +52.7% |
| Furniture and vehicles | 24 | €12,100 | €67,732 | +€55,632 | +460% |
| Current assets | 29/58 | €171,101 | €176,242 | +€5,141 | +3.0% |
| Amounts receivable within one year | 40/41 | €42,938 | €39,064 | -€3,875 | -9.0% |
| Trade receivables | 40 | €40,156 | €39,064 | -€1,093 | -2.7% |
| Other amounts receivable | 41 | €2,782 | - | -€2,782 | |
| Cash at bank and in hand | 54/58 | €60,699 | €71,142 | +€10,443 | +17.2% |
| Deferred charges and accrued income | 490/1 | €67,463 | €66,036 | -€1,427 | -2.1% |
| Total equity and liabilities | 10/49 | €517,082 | €571,289 | +€54,207 | +10.5% |
| Equity | 10/15 | €256,103 | €250,461 | -€5,642 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €256,054 | €256,054 | = | 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 | €254,194 | €254,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,151 | -€11,793 | -€5,642 | -91.7% |
| Amounts payable | 17/49 | €260,980 | €320,828 | +€59,849 | +22.9% |
| Amounts payable after more than one year | 17 | - | €33,600 | +€33,600 | |
| Financial debts | 170/4 | - | €33,600 | +€33,600 | |
| Amounts payable within one year | 42/48 | €260,980 | €287,228 | +€26,248 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | - | €15,062 | +€15,062 | |
| Trade debts | 44 | €1,289 | €1,830 | +€541 | +42.0% |
| Suppliers | 440/4 | €1,289 | €1,830 | +€541 | +42.0% |
| Taxes, remuneration and social security | 45 | €11,473 | €22,715 | +€11,242 | +98.0% |
| Taxes | 450/3 | €11,473 | €22,715 | +€11,242 | +98.0% |
| Other amounts payable | 47/48 | €248,218 | €247,620 | -€597 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,245 | €33,211 | +€19,966 | +151% |
| Other operating charges | 640/8 | €4,119 | €2,743 | -€1,376 | -33.4% |
| Gross operating margin | 9900 | €27,443 | €43,368 | +€15,925 | +58.0% |
| Operating profit (loss) | 9901 | €10,079 | €7,414 | -€2,665 | -26.4% |
| Financial income | 75/76B | €2 | €5,571 | +€5,569 | +273,010% |
| Recurring financial income | 75 | €2 | €121 | +€119 | +5,853% |
| Non-recurring financial income | 76B | - | €5,450 | +€5,450 | |
| Financial charges | 65/66B | €13,587 | €17,186 | +€3,599 | +26.5% |
| Recurring financial charges | 65 | €13,587 | €17,186 | +€3,599 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,506 | -€4,200 | -€694 | -19.8% |
| Income taxes | 67/77 | €2,645 | €1,442 | -€1,203 | -45.5% |
| Profit (loss) for the period | 9904 | -€6,151 | -€5,642 | +€509 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,151 | -€5,642 | +€509 | +8.3% |
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 17 October 2026 via checked.be.