TAMGEST: 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.
TAMGEST
Largest movements
- Tangible fixed assets -€49,887
down €49,887 (-9.6%), from €520,661 to €470,774
of which Land and buildings: -€40,918
- Cash +€35,984
up €35,984 (+16.9%), from €213,242 to €249,226
mainly Net result for the year (+€75,103) and Depreciation (+€60,560)
- Receivables after one year +€23,000
new in 2024: €23,000
- Receivables within one year -€17,682
down €17,682 (-31.0%), from €57,099 to €39,417
- Deferred charges and accrued income -€8,384
down €8,384 (-78.1%), from €10,741 to €2,357
- Reserves +€75,100
up €75,100 (+35.0%), from €214,758 to €289,858
of which Distributable reserves: +€75,100
- Debts after one year -€43,845
down €43,845 (-13.1%), from €335,744 to €291,899
- Tax, wage and social debts -€38,695
down €38,695 (-46.7%), from €82,887 to €44,192
of which Taxes: -€38,867
- Other debts -€9,237
down €9,237 (-34.5%), from €26,788 to €17,551
- Gross operating margin +€18,350
up €18,350 (+4.7%), from €387,145 to €405,494
- Staff costs -€9,424
down €9,424 (-3.9%), from €238,859 to €229,435
- Taxes +€8,046
up €8,046 (+37.1%), from €21,689 to €29,734
- Depreciation -€4,514
down €4,514 (-6.9%), from €65,074 to €60,560
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 | €810,892 | €793,929 | -€16,963 | -2.1% |
| Fixed assets | 21/28 | €520,661 | €470,774 | -€49,887 | -9.6% |
| Tangible fixed assets | 22/27 | €520,661 | €470,774 | -€49,887 | -9.6% |
| Land and buildings | 22 | €469,649 | €428,731 | -€40,918 | -8.7% |
| Plant, machinery and equipment | 23 | €17,183 | €13,870 | -€3,313 | -19.3% |
| Furniture and vehicles | 24 | €33,829 | €28,173 | -€5,656 | -16.7% |
| Current assets | 29/58 | €290,231 | €323,155 | +€32,924 | +11.3% |
| Amounts receivable after more than one year | 29 | - | €23,000 | +€23,000 | |
| Trade receivables | 290 | - | €23,000 | +€23,000 | |
| Stocks and contracts in progress | 3 | €9,149 | €9,155 | +€6 | +0.1% |
| Stocks | 30/36 | €9,149 | €9,155 | +€6 | +0.1% |
| Amounts receivable within one year | 40/41 | €57,099 | €39,417 | -€17,682 | -31.0% |
| Other amounts receivable | 41 | €57,099 | €39,417 | -€17,682 | -31.0% |
| Cash at bank and in hand | 54/58 | €213,242 | €249,226 | +€35,984 | +16.9% |
| Deferred charges and accrued income | 490/1 | €10,741 | €2,357 | -€8,384 | -78.1% |
| Total equity and liabilities | 10/49 | €810,892 | €793,929 | -€16,963 | -2.1% |
| Equity | 10/15 | €293,463 | €366,900 | +€73,437 | +25.0% |
| Contributions | 10/11 | €57,500 | €57,500 | = | 0.0% |
| Reserves | 13 | €214,758 | €289,858 | +€75,100 | +35.0% |
| Tax-exempt reserves | 132 | €17,958 | €17,958 | = | 0.0% |
| Distributable reserves | 133 | €196,800 | €271,900 | +€75,100 | +38.2% |
| Profit (loss) carried forward | 14 | €21,204 | €19,542 | -€1,663 | -7.8% |
| Amounts payable | 17/49 | €517,429 | €427,029 | -€90,401 | -17.5% |
| Amounts payable after more than one year | 17 | €335,744 | €291,899 | -€43,845 | -13.1% |
| Financial debts | 170/4 | €335,744 | €291,899 | -€43,845 | -13.1% |
| Amounts payable within one year | 42/48 | €181,685 | €133,219 | -€48,466 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €38,949 | €43,845 | +€4,896 | +12.6% |
| Trade debts | 44 | €33,061 | €27,631 | -€5,430 | -16.4% |
| Suppliers | 440/4 | €33,061 | €27,631 | -€5,430 | -16.4% |
| Taxes, remuneration and social security | 45 | €82,887 | €44,192 | -€38,695 | -46.7% |
| Taxes | 450/3 | €57,552 | €18,685 | -€38,867 | -67.5% |
| Remuneration and social security | 454/9 | €25,335 | €25,507 | +€172 | +0.7% |
| Other amounts payable | 47/48 | €26,788 | €17,551 | -€9,237 | -34.5% |
| Accrued charges and deferred income | 492/3 | - | €1,911 | +€1,911 | |
| Remuneration, social security and pensions | 62 | €238,859 | €229,435 | -€9,424 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,074 | €60,560 | -€4,514 | -6.9% |
| Other operating charges | 640/8 | €1,501 | €1,718 | +€218 | +14.5% |
| Gross operating margin | 9900 | €387,145 | €405,494 | +€18,350 | +4.7% |
| Operating profit (loss) | 9901 | €81,710 | €113,781 | +€32,070 | +39.2% |
| Financial income | 75/76B | €2,129 | €650 | -€1,480 | -69.5% |
| Recurring financial income | 75 | €2,129 | €650 | -€1,480 | -69.5% |
| Financial charges | 65/66B | €8,346 | €9,592 | +€1,246 | +14.9% |
| Recurring financial charges | 65 | €8,313 | €9,592 | +€1,279 | +15.4% |
| Non-recurring financial charges | 66B | €33 | - | -€33 | |
| Profit (loss) for the period before taxes | 9903 | €75,493 | €104,838 | +€29,345 | +38.9% |
| Income taxes | 67/77 | €21,689 | €29,734 | +€8,046 | +37.1% |
| Profit (loss) for the period | 9904 | €53,805 | €75,103 | +€21,299 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,805 | €75,103 | +€21,299 | +39.6% |
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 12 October 2026 via checked.be.