TRANSVIT PLUS: what changed
Two fiscal 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.
TRANSVIT PLUS
Largest movements
- Receivables within one year -€414,905
down €414,905 (-54.2%), from €766,072 to €351,167
of which Trade receivables: -€277,212
- Tangible fixed assets -€159,334
down €159,334 (-64.7%), from €246,215 to €86,881
of which Furniture and vehicles: -€163,860
- Cash +€30,939
up €30,939 (+10.9%), from €283,395 to €314,334
mainly Receivables within one year (+€414,905) and Depreciation (+€189,463)
- Provisions -€177,226
down €177,226 (-100.0%), from €177,226 to €0
- Trade debts -€154,703
down €154,703 (-76.9%), from €201,250 to €46,547
- Current portion of long-term debt -€105,755
down €105,755 (-92.9%), from €113,856 to €8,101
- Profit (loss) carried forward -€57,013
down €57,013, from €47,741 to -€9,272
- Debts after one year -€51,924
no longer reported in 2024 (was €51,924)
- Gross operating margin -€258,691
down €258,691 (-24.2%), from €1.1m to €809,010
- Provisions -€177,226
no longer reported in 2024 (was €177,226)
- Staff costs -€120,982
down €120,982 (-20.5%), from €591,260 to €470,278
- Other operating charges -€11,794
down €11,794 (-7.7%), from €153,304 to €141,510
- Depreciation -€11,450
down €11,450 (-5.7%), from €200,913 to €189,463
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.
Cash bridge derived
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 | €1,307,095 | €757,387 | -€549,708 | -42.1% |
| Fixed assets | 21/28 | €246,580 | €86,881 | -€159,699 | -64.8% |
| Tangible fixed assets | 22/27 | €246,215 | €86,881 | -€159,334 | -64.7% |
| Plant, machinery and equipment | 23 | €5,255 | €5,134 | -€121 | -2.3% |
| Furniture and vehicles | 24 | €231,190 | €67,330 | -€163,860 | -70.9% |
| Other tangible fixed assets | 26 | €9,770 | €14,418 | +€4,648 | +47.6% |
| Financial fixed assets | 28 | €365 | €0 | -€365 | -100.0% |
| Current assets | 29/58 | €1,060,515 | €670,505 | -€390,010 | -36.8% |
| Amounts receivable within one year | 40/41 | €766,072 | €351,167 | -€414,905 | -54.2% |
| Trade receivables | 40 | €500,253 | €223,041 | -€277,212 | -55.4% |
| Other amounts receivable | 41 | €265,819 | €128,126 | -€137,693 | -51.8% |
| Cash at bank and in hand | 54/58 | €283,395 | €314,334 | +€30,939 | +10.9% |
| Deferred charges and accrued income | 490/1 | €11,048 | €5,004 | -€6,044 | -54.7% |
| Total equity and liabilities | 10/49 | €1,307,095 | €757,387 | -€549,708 | -42.1% |
| Equity | 10/15 | €707,689 | €650,677 | -€57,012 | -8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €647,549 | €647,549 | +€0 | 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 | €645,689 | €645,689 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €47,741 | -€9,272 | -€57,013 | |
| Provisions and deferred taxes | 16 | €177,226 | €0 | -€177,226 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €177,226 | €0 | -€177,226 | -100.0% |
| Other liabilities and charges | 164/5 | €177,226 | €0 | -€177,226 | -100.0% |
| Amounts payable | 17/49 | €422,179 | €106,710 | -€315,469 | -74.7% |
| Amounts payable after more than one year | 17 | €51,924 | - | -€51,924 | |
| Financial debts | 170/4 | €51,924 | - | -€51,924 | |
| Amounts payable within one year | 42/48 | €370,255 | €106,710 | -€263,545 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €113,856 | €8,101 | -€105,755 | -92.9% |
| Trade debts | 44 | €201,250 | €46,547 | -€154,703 | -76.9% |
| Suppliers | 440/4 | €201,250 | €46,547 | -€154,703 | -76.9% |
| Taxes, remuneration and social security | 45 | €55,148 | €52,062 | -€3,086 | -5.6% |
| Taxes | 450/3 | €4,636 | €12,407 | +€7,771 | +167.6% |
| Remuneration and social security | 454/9 | €50,512 | €39,655 | -€10,857 | -21.5% |
| Remuneration, social security and pensions | 62 | €591,260 | €470,278 | -€120,982 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,913 | €189,463 | -€11,450 | -5.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €177,226 | - | -€177,226 | |
| Other operating charges | 640/8 | €153,304 | €141,510 | -€11,794 | -7.7% |
| Non-recurring operating charges | 66A | - | €47,822 | +€47,822 | |
| Gross operating margin | 9900 | €1,067,701 | €809,010 | -€258,691 | -24.2% |
| Operating profit (loss) | 9901 | -€55,003 | -€40,064 | +€14,939 | +27.2% |
| Financial income | 75/76B | €1,802 | €142 | -€1,660 | -92.1% |
| Recurring financial income | 75 | €1,802 | €142 | -€1,660 | -92.1% |
| Financial charges | 65/66B | €15,927 | €14,158 | -€1,769 | -11.1% |
| Recurring financial charges | 65 | €15,927 | €14,158 | -€1,769 | -11.1% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€69,128 | -€54,080 | +€15,048 | +21.8% |
| Income taxes | 67/77 | €0 | €2,933 | +€2,933 | |
| Profit (loss) for the period | 9904 | -€69,128 | -€57,013 | +€12,115 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,128 | -€57,013 | +€12,115 | +17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.