TATVA: 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.
TATVA
Largest movements
- Cash +€52,565
up €52,565 (+20.7%), from €253,628 to €306,193
mainly Net result for the year (+€56,190) and Tax, wage and social debts (+€13,970)
- Tangible fixed assets +€11,286
up €11,286, from €0 to €11,286
of which Furniture and vehicles: +€11,286
- Reserves +€48,000
up €48,000 (+15.0%), from €319,855 to €367,855
- Tax, wage and social debts +€13,970
up €13,970 (+69.5%), from €20,103 to €34,072
of which Taxes: +€12,770
- Taxes +€5,672
up €5,672 (+30.5%), from €18,622 to €24,293
- Depreciation +€5,643
new in 2024: €5,643
- Gross operating margin -€4,737
down €4,737 (-5.1%), from €93,466 to €88,729
- Other operating charges +€1,092
new in 2024: €1,092
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 | €360,775 | €423,331 | +€62,557 | +17.3% |
| Fixed assets | 21/28 | €0 | €11,286 | +€11,286 | |
| Tangible fixed assets | 22/27 | €0 | €11,286 | +€11,286 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | - | €11,286 | +€11,286 | |
| Current assets | 29/58 | €360,775 | €412,046 | +€51,271 | +14.2% |
| Amounts receivable after more than one year | 29 | €73,000 | €73,000 | = | 0.0% |
| Other amounts receivable | 291 | €73,000 | €73,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,146 | €32,810 | -€1,337 | -3.9% |
| Trade receivables | 40 | €34,145 | €32,783 | -€1,361 | -4.0% |
| Other amounts receivable | 41 | €1 | €26 | +€25 | +1712.5% |
| Cash at bank and in hand | 54/58 | €253,628 | €306,193 | +€52,565 | +20.7% |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €360,775 | €423,331 | +€62,557 | +17.3% |
| Equity | 10/15 | €326,786 | €374,809 | +€48,022 | +14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €319,855 | €367,855 | +€48,000 | +15.0% |
| Distributable reserves | 133 | €319,855 | €367,855 | +€48,000 | +15.0% |
| Profit (loss) carried forward | 14 | €731 | €754 | +€22 | +3.1% |
| Amounts payable | 17/49 | €33,988 | €48,523 | +€14,534 | +42.8% |
| Amounts payable within one year | 42/48 | €33,788 | €46,993 | +€13,204 | +39.1% |
| Trade debts | 44 | €1,429 | €196 | -€1,233 | -86.3% |
| Suppliers | 440/4 | €1,429 | €196 | -€1,233 | -86.3% |
| Taxes, remuneration and social security | 45 | €20,103 | €34,072 | +€13,970 | +69.5% |
| Taxes | 450/3 | €18,103 | €30,872 | +€12,770 | +70.5% |
| Remuneration and social security | 454/9 | €2,000 | €3,200 | +€1,200 | +60.0% |
| Other amounts payable | 47/48 | €12,257 | €12,724 | +€467 | +3.8% |
| Accrued charges and deferred income | 492/3 | €200 | €1,530 | +€1,330 | +664.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,643 | +€5,643 | |
| Other operating charges | 640/8 | - | €1,092 | +€1,092 | |
| Gross operating margin | 9900 | €93,466 | €88,729 | -€4,737 | -5.1% |
| Operating profit (loss) | 9901 | €93,466 | €81,994 | -€11,472 | -12.3% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €719 | €1,516 | +€798 | +110.9% |
| Recurring financial charges | 65 | €719 | €1,516 | +€798 | +110.9% |
| Profit (loss) for the period before taxes | 9903 | €92,747 | €80,483 | -€12,264 | -13.2% |
| Income taxes | 67/77 | €18,622 | €24,293 | +€5,672 | +30.5% |
| Profit (loss) for the period | 9904 | €74,126 | €56,190 | -€17,936 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,126 | €56,190 | -€17,936 | -24.2% |
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 9 October 2026 via checked.be.