TEKAPO: 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.
TEKAPO
Largest movements
- Stocks and contracts +€1.8m
up €1.8m (+66.9%), from €2.7m to €4.5m
- Receivables within one year -€978,202
down €978,202 (-98.1%), from €996,753 to €18,551
of which Trade receivables: -€990,000
- Short-term financial debts +€1.4m
up €1.4m (+107.1%), from €1.3m to €2.7m
- Reserves -€283,990
down €283,990 (-15.3%), from €1.9m to €1.6m
of which Distributable reserves: -€275,000
- Tax, wage and social debts -€109,315
down €109,315 (-95.4%), from €114,629 to €5,314
of which Taxes: -€100,420
- Trade debts -€95,037
down €95,037 (-77.6%), from €122,501 to €27,464
- Debts after one year -€77,137
down €77,137 (-15.7%), from €492,179 to €415,041
- Gross operating margin -€227,529
down €227,529, from €120,269 to -€107,260
- Financial charges +€61,334
up €61,334 (+57.6%), from €106,509 to €167,844
- Other operating charges +€9,892
up €9,892 (+212.1%), from €4,664 to €14,556
- Depreciation +€7,028
up €7,028 (+11.3%), from €62,335 to €69,364
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 | €5,057,364 | €5,822,917 | +€765,553 | +15.1% |
| Fixed assets | 21/28 | €1,300,104 | €1,265,971 | -€34,133 | -2.6% |
| Tangible fixed assets | 22/27 | €1,300,004 | €1,265,871 | -€34,133 | -2.6% |
| Furniture and vehicles | 24 | €24,960 | €42,556 | +€17,596 | +70.5% |
| Other tangible fixed assets | 26 | €1,275,044 | €1,223,315 | -€51,729 | -4.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €3,757,259 | €4,556,946 | +€799,686 | +21.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €2,704,231 | €4,514,461 | +€1.8m | +66.9% |
| Stocks | 30/36 | €2,704,231 | €4,514,461 | +€1.8m | +66.9% |
| Amounts receivable within one year | 40/41 | €996,753 | €18,551 | -€978,202 | -98.1% |
| Trade receivables | 40 | €995,000 | €5,000 | -€990,000 | -99.5% |
| Other amounts receivable | 41 | €1,753 | €13,551 | +€11,798 | +673.2% |
| Cash at bank and in hand | 54/58 | €45,971 | €12,652 | -€33,319 | -72.5% |
| Deferred charges and accrued income | 490/1 | €10,305 | €11,283 | +€978 | +9.5% |
| Total equity and liabilities | 10/49 | €5,057,364 | €5,822,917 | +€765,553 | +15.1% |
| Equity | 10/15 | €2,108,578 | €1,751,412 | -€357,166 | -16.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,859,992 | €1,576,002 | -€283,990 | -15.3% |
| Tax-exempt reserves | 132 | €176,992 | €168,002 | -€8,990 | -5.1% |
| Distributable reserves | 133 | €1,683,000 | €1,408,000 | -€275,000 | -16.3% |
| Profit (loss) carried forward | 14 | -€1,414 | -€74,589 | -€73,175 | -5175.2% |
| Provisions and deferred taxes | 16 | €58,997 | €56,001 | -€2,997 | -5.1% |
| Deferred taxes | 168 | €58,997 | €56,001 | -€2,997 | -5.1% |
| Amounts payable | 17/49 | €2,889,788 | €4,015,504 | +€1.1m | +39.0% |
| Amounts payable after more than one year | 17 | €492,179 | €415,041 | -€77,137 | -15.7% |
| Financial debts | 170/4 | €492,179 | €415,041 | -€77,137 | -15.7% |
| Amounts payable within one year | 42/48 | €2,249,102 | €3,392,291 | +€1.1m | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €75,184 | €77,137 | +€1,953 | +2.6% |
| Financial debts | 43 | €1,293,186 | €2,678,199 | +€1.4m | +107.1% |
| Credit institutions | 430/8 | €1,293,186 | €2,678,199 | +€1.4m | +107.1% |
| Trade debts | 44 | €122,501 | €27,464 | -€95,037 | -77.6% |
| Suppliers | 440/4 | €122,501 | €27,464 | -€95,037 | -77.6% |
| Taxes, remuneration and social security | 45 | €114,629 | €5,314 | -€109,315 | -95.4% |
| Taxes | 450/3 | €102,722 | €2,302 | -€100,420 | -97.8% |
| Remuneration and social security | 454/9 | €11,908 | €3,013 | -€8,895 | -74.7% |
| Other amounts payable | 47/48 | €643,601 | €604,177 | -€39,425 | -6.1% |
| Accrued charges and deferred income | 492/3 | €148,508 | €208,172 | +€59,664 | +40.2% |
| Non-recurring operating income | 76A | €143,164 | - | -€143,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,335 | €69,364 | +€7,028 | +11.3% |
| Other operating charges | 640/8 | €4,664 | €14,556 | +€9,892 | +212.1% |
| Gross operating margin | 9900 | €120,269 | -€107,260 | -€227,529 | |
| Operating profit (loss) | 9901 | €53,270 | -€191,180 | -€244,450 | |
| Financial income | 75/76B | €256 | €311 | +€55 | +21.5% |
| Recurring financial income | 75 | €256 | €311 | +€55 | +21.5% |
| Financial charges | 65/66B | €106,509 | €167,844 | +€61,334 | +57.6% |
| Recurring financial charges | 65 | €106,509 | €167,844 | +€61,334 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€52,984 | -€358,713 | -€305,729 | -577.0% |
| Transfer from deferred taxes | 780 | €2,997 | €2,997 | = | 0.0% |
| Income taxes | 67/77 | €1,384 | €1,449 | +€65 | +4.7% |
| Profit (loss) for the period | 9904 | -€51,371 | -€357,166 | -€305,794 | -595.3% |
| Transfer from tax-exempt reserves | 789 | €8,990 | €8,990 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,381 | -€348,175 | -€305,794 | -721.5% |
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 10 October 2026 via checked.be.