TRANSNEL: 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.
TRANSNEL
Largest movements
- Receivables within one year -€314,436
down €314,436 (-66.7%), from €471,721 to €157,285
of which Trade receivables: -€360,300
- Tangible fixed assets +€30,808
up €30,808 (+132%), from €23,343 to €54,151
of which Plant, machinery and equipment: +€22,342
- Cash -€5,771
down €5,771 (-16.8%), from €34,271 to €28,500
mainly Trade debts (-€240,378) and Tax, wage and social debts (-€131,671)
- Trade debts -€240,378
down €240,378 (-89.9%), from €267,285 to €26,907
- Tax, wage and social debts -€131,671
down €131,671 (-53.3%), from €247,159 to €115,487
of which Remuneration and social security: -€115,788
- Profit (loss) carried forward +€117,909
up €117,909, from -€35,876 to €82,033
- Other debts -€39,120
no longer reported in 2024 (was €39,120)
- Staff costs -€557,823
down €557,823 (-60.2%), from €927,342 to €369,519
- Gross operating margin -€231,777
down €231,777 (-25.8%), from €897,674 to €665,897
- Other operating charges +€134,458
up €134,458 (+1,900%), from €7,078 to €141,536
- Financial charges -€94,050
down €94,050 (-96.8%), from €97,173 to €3,123
of which Non-recurring financial charges: -€89,901
- Financial income -€43,341
down €43,341 (-99.8%), from €43,440 to €99
of which Non-recurring financial income: -€40,564
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 | €538,148 | €244,887 | -€293,261 | -54.5% |
| Fixed assets | 21/28 | €25,803 | €56,611 | +€30,808 | +119% |
| Tangible fixed assets | 22/27 | €23,343 | €54,151 | +€30,808 | +132% |
| Plant, machinery and equipment | 23 | €3,492 | €25,833 | +€22,342 | +640% |
| Furniture and vehicles | 24 | €7,016 | €16,766 | +€9,750 | +139% |
| Other tangible fixed assets | 26 | €12,835 | €11,552 | -€1,284 | -10.0% |
| Financial fixed assets | 28 | €2,460 | €2,460 | = | 0.0% |
| Current assets | 29/58 | €512,346 | €188,276 | -€324,069 | -63.3% |
| Amounts receivable within one year | 40/41 | €471,721 | €157,285 | -€314,436 | -66.7% |
| Trade receivables | 40 | €396,021 | €35,720 | -€360,300 | -91.0% |
| Other amounts receivable | 41 | €75,701 | €121,565 | +€45,864 | +60.6% |
| Cash at bank and in hand | 54/58 | €34,271 | €28,500 | -€5,771 | -16.8% |
| Deferred charges and accrued income | 490/1 | €6,353 | €2,491 | -€3,862 | -60.8% |
| Total equity and liabilities | 10/49 | €538,148 | €244,887 | -€293,261 | -54.5% |
| Equity | 10/15 | -€15,416 | €102,493 | +€117,909 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€35,876 | €82,033 | +€117,909 | |
| Amounts payable | 17/49 | €553,564 | €142,395 | -€411,170 | -74.3% |
| Amounts payable within one year | 42/48 | €553,564 | €142,395 | -€411,170 | -74.3% |
| Trade debts | 44 | €267,285 | €26,907 | -€240,378 | -89.9% |
| Suppliers | 440/4 | €267,285 | €26,907 | -€240,378 | -89.9% |
| Taxes, remuneration and social security | 45 | €247,159 | €115,487 | -€131,671 | -53.3% |
| Taxes | 450/3 | €41,889 | €26,006 | -€15,883 | -37.9% |
| Remuneration and social security | 454/9 | €205,269 | €89,481 | -€115,788 | -56.4% |
| Other amounts payable | 47/48 | €39,120 | - | -€39,120 | |
| Remuneration, social security and pensions | 62 | €927,342 | €369,519 | -€557,823 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,659 | €11,592 | +€7,933 | +217% |
| Other operating charges | 640/8 | €7,078 | €141,536 | +€134,458 | +1,900% |
| Non-recurring operating charges | 66A | €3,709 | - | -€3,709 | |
| Gross operating margin | 9900 | €897,674 | €665,897 | -€231,777 | -25.8% |
| Operating profit (loss) | 9901 | -€44,114 | €143,251 | +€187,365 | |
| Financial income | 75/76B | €43,440 | €99 | -€43,341 | -99.8% |
| Recurring financial income | 75 | €2,876 | €99 | -€2,777 | -96.5% |
| Non-recurring financial income | 76B | €40,564 | - | -€40,564 | |
| Financial charges | 65/66B | €97,173 | €3,123 | -€94,050 | -96.8% |
| Recurring financial charges | 65 | €7,272 | €3,123 | -€4,149 | -57.1% |
| Non-recurring financial charges | 66B | €89,901 | - | -€89,901 | |
| Profit (loss) for the period before taxes | 9903 | -€97,847 | €140,227 | +€238,074 | |
| Income taxes | 67/77 | €381 | €22,318 | +€21,937 | +5,752% |
| Profit (loss) for the period | 9904 | -€98,228 | €117,909 | +€216,137 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,228 | €117,909 | +€216,137 |
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 15 October 2026 via checked.be.