TRANSVAAL: 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.
TRANSVAAL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Short-term financial debts -€6,000
down €6,000 (-100%), from €6,000 to €0
- Trade debts +€6,000
up €6,000 (+22.3%), from €26,888 to €32,888
- Purchases and services +€103,591
up €103,591 (+52.3%), from €198,159 to €301,750
- Turnover +€85,959
up €85,959 (+37.9%), from €226,618 to €312,577
- Depreciation -€24,495
no longer reported in 2024 (was €24,495)
- Gross operating margin -€17,632
down €17,632 (-62.0%), from €28,459 to €10,828
- Staff costs -€7,343
down €7,343 (-67.6%), from €10,863 to €3,520
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 | €292,739 | €292,739 | = | 0.0% |
| Fixed assets | 21/28 | €121,994 | €121,994 | = | 0.0% |
| Tangible fixed assets | 22/27 | €98,744 | €98,744 | = | 0.0% |
| Plant, machinery and equipment | 23 | €98,744 | €98,744 | = | 0.0% |
| Financial fixed assets | 28 | €23,250 | €23,250 | = | 0.0% |
| Current assets | 29/58 | €170,744 | €170,744 | = | 0.0% |
| Stocks and contracts in progress | 3 | €134,914 | €134,914 | = | 0.0% |
| Stocks | 30/36 | €134,914 | €134,914 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,896 | €34,896 | = | 0.0% |
| Trade receivables | 40 | €21,401 | €21,401 | = | 0.0% |
| Other amounts receivable | 41 | €13,495 | €13,495 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €935 | €935 | = | 0.0% |
| Total equity and liabilities | 10/49 | €292,739 | €292,739 | = | 0.0% |
| Equity | 10/15 | -€34,403 | -€34,403 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,863 | -€54,863 | = | 0.0% |
| Amounts payable | 17/49 | €327,142 | €327,142 | = | 0.0% |
| Amounts payable after more than one year | 17 | €26,140 | €26,140 | = | 0.0% |
| Financial debts | 170/4 | €26,140 | €26,140 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,660 | €41,660 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €8,772 | €8,772 | = | 0.0% |
| Financial debts | 43 | €6,000 | €0 | -€6,000 | -100% |
| Other loans | 439 | €6,000 | €0 | -€6,000 | -100% |
| Trade debts | 44 | €26,888 | €32,888 | +€6,000 | +22.3% |
| Suppliers | 440/4 | €26,888 | €32,888 | +€6,000 | +22.3% |
| Accrued charges and deferred income | 492/3 | €259,342 | €259,342 | = | 0.0% |
| Turnover | 70 | €226,618 | €312,577 | +€85,959 | +37.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €198,159 | €301,750 | +€103,591 | +52.3% |
| Remuneration, social security and pensions | 62 | €10,863 | €3,520 | -€7,343 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,495 | - | -€24,495 | |
| Other operating charges | 640/8 | €721 | €2,478 | +€1,757 | +244% |
| Gross operating margin | 9900 | €28,459 | €10,828 | -€17,632 | -62.0% |
| Operating profit (loss) | 9901 | -€7,620 | €4,829 | +€12,449 | |
| Financial charges | 65/66B | €4,228 | €4,829 | +€602 | +14.2% |
| Recurring financial charges | 65 | €4,228 | €4,829 | +€602 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,847 | €0 | +€11,847 | |
| Profit (loss) for the period | 9904 | -€11,847 | €0 | +€11,847 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,847 | €0 | +€11,847 |
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 16 October 2026 via checked.be.