La Tiara: 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.
La Tiara
Largest movements
- Stocks and contracts -€40,625
down €40,625 (-41.2%), from €98,659 to €58,035
- Cash +€24,378
up €24,378 (+115%), from €21,274 to €45,652
mainly Stocks and contracts (+€40,625) and Net result for the year (+€7,226)
- Tangible fixed assets -€6,609
down €6,609 (-67.9%), from €9,736 to €3,127
of which Furniture and vehicles: -€6,644
- Other debts -€23,736
down €23,736 (-43.1%), from €55,107 to €31,371
- Profit (loss) carried forward +€7,226
up €7,226 (+90.2%), from €8,008 to €15,233
- Trade debts -€4,099
down €4,099 (-22.5%), from €18,182 to €14,084
- Debts after one year -€2,784
down €2,784 (-100%), from €2,784 to €0
- Current portion of long-term debt -€1,925
down €1,925 (-40.9%), from €4,709 to €2,784
- Staff costs -€14,626
down €14,626 (-84.9%), from €17,236 to €2,610
- Financial income +€4,155
new in 2024: €4,155
of which Non-recurring financial income: +€4,154
- Taxes +€3,957
up €3,957 (+1,349%), from €293 to €4,250
- Other operating charges +€1,427
up €1,427 (+95.8%), from €1,489 to €2,916
- Gross operating margin -€921
down €921 (-4.3%), from €21,255 to €20,335
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 | €132,004 | €108,979 | -€23,025 | -17.4% |
| Fixed assets | 21/28 | €11,236 | €4,127 | -€7,109 | -63.3% |
| Intangible fixed assets | 21 | €1,500 | €1,000 | -€500 | -33.3% |
| Tangible fixed assets | 22/27 | €9,736 | €3,127 | -€6,609 | -67.9% |
| Plant, machinery and equipment | 23 | - | €35 | +€35 | |
| Furniture and vehicles | 24 | €9,736 | €3,092 | -€6,644 | -68.2% |
| Current assets | 29/58 | €120,768 | €104,851 | -€15,916 | -13.2% |
| Stocks and contracts in progress | 3 | €98,659 | €58,035 | -€40,625 | -41.2% |
| Stocks | 30/36 | €98,659 | €58,035 | -€40,625 | -41.2% |
| Amounts receivable within one year | 40/41 | €234 | €495 | +€261 | +111% |
| Trade receivables | 40 | €234 | €495 | +€261 | +111% |
| Cash at bank and in hand | 54/58 | €21,274 | €45,652 | +€24,378 | +115% |
| Deferred charges and accrued income | 490/1 | €600 | €670 | +€70 | +11.6% |
| Total equity and liabilities | 10/49 | €132,004 | €108,979 | -€23,025 | -17.4% |
| Equity | 10/15 | €39,739 | €46,965 | +€7,226 | +18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,531 | €25,531 | = | 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 | €23,671 | €23,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,008 | €15,233 | +€7,226 | +90.2% |
| Amounts payable | 17/49 | €92,265 | €62,014 | -€30,251 | -32.8% |
| Amounts payable after more than one year | 17 | €2,784 | €0 | -€2,784 | -100% |
| Financial debts | 170/4 | €2,784 | €0 | -€2,784 | -100% |
| Amounts payable within one year | 42/48 | €88,090 | €59,082 | -€29,008 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €4,709 | €2,784 | -€1,925 | -40.9% |
| Trade debts | 44 | €18,182 | €14,084 | -€4,099 | -22.5% |
| Suppliers | 440/4 | €18,182 | €14,084 | -€4,099 | -22.5% |
| Taxes, remuneration and social security | 45 | €10,091 | €10,844 | +€753 | +7.5% |
| Taxes | 450/3 | €7,886 | €10,833 | +€2,947 | +37.4% |
| Remuneration and social security | 454/9 | €2,205 | €11 | -€2,194 | -99.5% |
| Other amounts payable | 47/48 | €55,107 | €31,371 | -€23,736 | -43.1% |
| Accrued charges and deferred income | 492/3 | €1,391 | €2,932 | +€1,541 | +111% |
| Non-recurring operating income | 76A | €187 | €0 | -€187 | -100% |
| Remuneration, social security and pensions | 62 | €17,236 | €2,610 | -€14,626 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,109 | €7,109 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,489 | €2,916 | +€1,427 | +95.8% |
| Gross operating margin | 9900 | €21,255 | €20,335 | -€921 | -4.3% |
| Operating profit (loss) | 9901 | -€4,578 | €7,700 | +€12,279 | |
| Financial income | 75/76B | - | €4,155 | +€4,155 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €4,154 | +€4,154 | |
| Financial charges | 65/66B | €542 | €379 | -€163 | -30.0% |
| Recurring financial charges | 65 | €542 | €379 | -€163 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,120 | €11,476 | +€16,596 | |
| Income taxes | 67/77 | €293 | €4,250 | +€3,957 | +1,349% |
| Profit (loss) for the period | 9904 | -€5,414 | €7,226 | +€12,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,414 | €7,226 | +€12,639 |
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 31 October 2026 via checked.be.