TRANSVAAL KNOKKE: what changed
What changed
TRANSVAAL KNOKKE
NACE 47.750, Retail sale of cosmetics and toilet articles
filed annual accounts (NBB)
Net result for the year
€173,911
2024 · €126,984+€46,927
Equity
€2.1m
2024 · €1.9m+€173,911
Cash
€194,649
2024 · €33,705+€160,944
Balance sheet total
€5.4m
2024 · €4.8m+€579,252
Largest movements
Assets
- Receivables within one year +€202,881
up €202,881 (+82.9%), from €244,618 to €447,499
of which Trade receivables: +€269,170
- Cash +€160,944
up €160,944 (+478%), from €33,705 to €194,649
mainly Other debts (+€423,359) and Trade debts (+€296,185)
- Stocks and contracts +€81,448
up €81,448 (+18.3%), from €444,990 to €526,438
- Deferred charges and accrued income +€73,956
up €73,956 (+96,954%), from €76 to €74,032
- Receivables after one year +€58,105
up €58,105 (+1.9%), from €3.1m to €3.2m
Equity and liabilities
- Other debts +€423,359
up €423,359 (+39.1%), from €1.1m to €1.5m
- Trade debts +€296,185
up €296,185 (+23.8%), from €1.2m to €1.5m
- Reserves +€173,911
up €173,911 (+19.1%), from €909,869 to €1.1m
- Debts after one year -€167,452
down €167,452 (-100%), from €167,452 to €0
- Current portion of long-term debt -€115,533
down €115,533 (-40.8%), from €282,985 to €167,452
Income statement
- Staff costs -€28,047
down €28,047 (-6.8%), from €411,912 to €383,865
- Gross operating margin +€24,542
up €24,542 (+4.1%), from €601,194 to €625,735
- Taxes +€15,707
up €15,707 (+31.9%), from €49,281 to €64,988
- Depreciation -€13,160
down €13,160 (-39.7%), from €33,121 to €19,962
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€126,984
Gross operating margin
+€24,542
Staff costs
+€28,047
Depreciation
+€13,160
Other operating charges
+€440
Financial income
+€1,177
Financial charges
-€4,731
Taxes
-€15,707
Result 2025
€173,911
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€465,808
Investment
-€21,879
Financing
-€282,985
Cash 2024
€33,705
From operations (derived)
+€465,808
Net result for the year
+€173,911
Depreciation
+€19,962
Receivables after one year
-€58,105
Stocks and contracts
-€81,448
Receivables within one year
-€202,881
Deferred charges and accrued income
-€73,956
Trade debts
+€296,185
Tax, wage and social debts
-€31,218
Other debts
+€423,359
Investment (derived)
-€21,879
Investment in fixed assets (net)
-€21,879
Financing
-€282,985
Debts after one year
-€167,452
Current portion of long-term debt
-€115,533
Cash 2025
€194,649
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,778,119 | €5,357,370 | +€579,252 | +12.1% |
| Fixed assets | 21/28 | €932,497 | €934,415 | +€1,918 | +0.2% |
| Tangible fixed assets | 22/27 | €932,497 | €934,415 | +€1,918 | +0.2% |
| Land and buildings | 22 | €923,489 | €908,489 | -€15,000 | -1.6% |
| Plant, machinery and equipment | 23 | €7,135 | €25,046 | +€17,911 | +251% |
| Furniture and vehicles | 24 | €1,874 | €880 | -€994 | -53.1% |
| Current assets | 29/58 | €3,845,621 | €4,422,956 | +€577,334 | +15.0% |
| Amounts receivable after more than one year | 29 | €3,122,232 | €3,180,337 | +€58,105 | +1.9% |
| Other amounts receivable | 291 | €3,122,232 | €3,180,337 | +€58,105 | +1.9% |
| Stocks and contracts in progress | 3 | €444,990 | €526,438 | +€81,448 | +18.3% |
| Stocks | 30/36 | €444,990 | €526,438 | +€81,448 | +18.3% |
| Amounts receivable within one year | 40/41 | €244,618 | €447,499 | +€202,881 | +82.9% |
| Trade receivables | 40 | €99,176 | €368,346 | +€269,170 | +271% |
| Other amounts receivable | 41 | €145,442 | €79,153 | -€66,289 | -45.6% |
| Cash at bank and in hand | 54/58 | €33,705 | €194,649 | +€160,944 | +478% |
| Deferred charges and accrued income | 490/1 | €76 | €74,032 | +€73,956 | +96,954% |
| Total equity and liabilities | 10/49 | €4,778,119 | €5,357,370 | +€579,252 | +12.1% |
| Equity | 10/15 | €1,909,869 | €2,083,779 | +€173,911 | +9.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €909,869 | €1,083,779 | +€173,911 | +19.1% |
| Distributable reserves | 133 | €909,869 | €1,083,779 | +€173,911 | +19.1% |
| Amounts payable | 17/49 | €2,868,250 | €3,273,591 | +€405,341 | +14.1% |
| Amounts payable after more than one year | 17 | €167,452 | €0 | -€167,452 | -100% |
| Financial debts | 170/4 | €167,452 | €0 | -€167,452 | -100% |
| Amounts payable within one year | 42/48 | €2,700,798 | €3,273,591 | +€572,793 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €282,985 | €167,452 | -€115,533 | -40.8% |
| Trade debts | 44 | €1,245,272 | €1,541,457 | +€296,185 | +23.8% |
| Suppliers | 440/4 | €1,245,272 | €1,541,457 | +€296,185 | +23.8% |
| Taxes, remuneration and social security | 45 | €90,175 | €58,957 | -€31,218 | -34.6% |
| Taxes | 450/3 | €49,281 | €24,988 | -€24,293 | -49.3% |
| Remuneration and social security | 454/9 | €40,894 | €33,969 | -€6,925 | -16.9% |
| Other amounts payable | 47/48 | €1,082,366 | €1,505,725 | +€423,359 | +39.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €49,774 | €0 | -€49,774 | -100% |
| Remuneration, social security and pensions | 62 | €411,912 | €383,865 | -€28,047 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,121 | €19,962 | -€13,160 | -39.7% |
| Other operating charges | 640/8 | €9,442 | €9,001 | -€440 | -4.7% |
| Gross operating margin | 9900 | €601,194 | €625,735 | +€24,542 | +4.1% |
| Operating profit (loss) | 9901 | €146,719 | €212,908 | +€66,188 | +45.1% |
| Financial income | 75/76B | €57,560 | €58,737 | +€1,177 | +2.0% |
| Recurring financial income | 75 | €57,560 | €58,737 | +€1,177 | +2.0% |
| Financial charges | 65/66B | €28,015 | €32,746 | +€4,731 | +16.9% |
| Recurring financial charges | 65 | €28,015 | €32,746 | +€4,731 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €176,264 | €238,899 | +€62,634 | +35.5% |
| Income taxes | 67/77 | €49,281 | €64,988 | +€15,707 | +31.9% |
| Profit (loss) for the period | 9904 | €126,984 | €173,911 | +€46,927 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,984 | €173,911 | +€46,927 | +37.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.