TEGEFI: 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.
TEGEFI
Largest movements
- Cash +€16,378
up €16,378 (+173.8%), from €9,422 to €25,801
mainly Receivables within one year (+€9,651) and Stocks and contracts (+€9,610)
- Receivables within one year -€9,651
down €9,651 (-52.3%), from €18,441 to €8,790
of which Trade receivables: -€12,185
- Stocks and contracts -€9,610
down €9,610 (-25.5%), from €37,695 to €28,086
- Tax, wage and social debts -€2,972
down €2,972 (-79.4%), from €3,743 to €771
- Trade debts -€2,539
down €2,539 (-82.5%), from €3,079 to €540
- Profit (loss) carried forward +€2,000
up €2,000 (+1.1%), from -€182,757 to -€180,757
- Gross operating margin -€9,063
down €9,063 (-58.5%), from €15,504 to €6,441
- Write-downs -€5,250
down €5,250 (-71.5%), from €7,338 to €2,088
- Taxes -€530
down €530 (-28.5%), from €1,863 to €1,333
- Other operating charges -€364
down €364 (-48.5%), from €752 to €387
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 | €65,619 | €62,736 | -€2,883 | -4.4% |
| Fixed assets | 21/28 | €60 | €60 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €65,559 | €62,676 | -€2,883 | -4.4% |
| Stocks and contracts in progress | 3 | €37,695 | €28,086 | -€9,610 | -25.5% |
| Stocks | 30/36 | €37,695 | €28,086 | -€9,610 | -25.5% |
| Amounts receivable within one year | 40/41 | €18,441 | €8,790 | -€9,651 | -52.3% |
| Trade receivables | 40 | €14,403 | €2,218 | -€12,185 | -84.6% |
| Other amounts receivable | 41 | €4,038 | €6,571 | +€2,533 | +62.7% |
| Cash at bank and in hand | 54/58 | €9,422 | €25,801 | +€16,378 | +173.8% |
| Total equity and liabilities | 10/49 | €65,619 | €62,736 | -€2,883 | -4.4% |
| Equity | 10/15 | -€120,757 | -€118,757 | +€2,000 | +1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,757 | -€180,757 | +€2,000 | +1.1% |
| Amounts payable | 17/49 | €186,376 | €181,493 | -€4,882 | -2.6% |
| Amounts payable within one year | 42/48 | €186,376 | €181,493 | -€4,882 | -2.6% |
| Trade debts | 44 | €3,079 | €540 | -€2,539 | -82.5% |
| Suppliers | 440/4 | €3,079 | €540 | -€2,539 | -82.5% |
| Taxes, remuneration and social security | 45 | €3,743 | €771 | -€2,972 | -79.4% |
| Taxes | 450/3 | €3,743 | €771 | -€2,972 | -79.4% |
| Other amounts payable | 47/48 | €179,553 | €180,182 | +€629 | +0.4% |
| Remuneration, social security and pensions | 62 | €111 | €0 | -€111 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109 | €0 | -€109 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,338 | €2,088 | -€5,250 | -71.5% |
| Other operating charges | 640/8 | €752 | €387 | -€364 | -48.5% |
| Gross operating margin | 9900 | €15,504 | €6,441 | -€9,063 | -58.5% |
| Operating profit (loss) | 9901 | €7,194 | €3,966 | -€3,228 | -44.9% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €597 | €674 | +€77 | +12.9% |
| Recurring financial charges | 65 | €597 | €674 | +€77 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €6,597 | €3,333 | -€3,265 | -49.5% |
| Income taxes | 67/77 | €1,863 | €1,333 | -€530 | -28.5% |
| Profit (loss) for the period | 9904 | €4,734 | €2,000 | -€2,734 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,734 | €2,000 | -€2,734 | -57.8% |
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 3 October 2026 via checked.be.