TENZING NORGAY: 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.
TENZING NORGAY
Largest movements
- Tangible fixed assets +€60,230
up €60,230 (+6.5%), from €929,803 to €990,033
of which Furniture and vehicles: +€70,291
- Receivables within one year -€21,203
down €21,203 (-45.3%), from €46,757 to €25,554
of which Trade receivables: -€17,251
- Current portion of long-term debt +€64,671
up €64,671 (+171.9%), from €37,610 to €102,281
- Debts after one year -€41,455
down €41,455 (-5.7%), from €729,781 to €688,326
- Trade debts -€19,615
down €19,615 (-61.9%), from €31,663 to €12,048
- Depreciation +€24,233
up €24,233 (+78.8%), from €30,756 to €54,990
- Gross operating margin +€23,400
up €23,400 (+31.1%), from €75,281 to €98,681
- Financial charges +€5,933
up €5,933 (+44.2%), from €13,416 to €19,349
- Other operating charges +€3,248
up €3,248 (+63.9%), from €5,082 to €8,331
- Taxes +€2,116
up €2,116 (+24.6%), from €8,603 to €10,719
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 | €1,020,087 | €1,047,038 | +€26,951 | +2.6% |
| Fixed assets | 21/28 | €929,803 | €990,033 | +€60,230 | +6.5% |
| Tangible fixed assets | 22/27 | €929,803 | €990,033 | +€60,230 | +6.5% |
| Land and buildings | 22 | €905,036 | €894,974 | -€10,062 | -1.1% |
| Furniture and vehicles | 24 | €24,767 | €95,059 | +€70,291 | +283.8% |
| Current assets | 29/58 | €90,284 | €57,006 | -€33,279 | -36.9% |
| Amounts receivable within one year | 40/41 | €46,757 | €25,554 | -€21,203 | -45.3% |
| Trade receivables | 40 | €37,292 | €20,041 | -€17,251 | -46.3% |
| Other amounts receivable | 41 | €9,465 | €5,513 | -€3,952 | -41.7% |
| Cash at bank and in hand | 54/58 | €33,640 | €31,452 | -€2,189 | -6.5% |
| Deferred charges and accrued income | 490/1 | €9,887 | - | -€9,887 | |
| Total equity and liabilities | 10/49 | €1,020,087 | €1,047,038 | +€26,951 | +2.6% |
| Equity | 10/15 | €94,153 | €99,523 | +€5,370 | +5.7% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €51,360 | €51,360 | = | 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 | €49,500 | €49,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,593 | €35,963 | +€5,370 | +17.6% |
| Amounts payable | 17/49 | €925,934 | €947,515 | +€21,581 | +2.3% |
| Amounts payable after more than one year | 17 | €729,781 | €688,326 | -€41,455 | -5.7% |
| Financial debts | 170/4 | €729,781 | €688,326 | -€41,455 | -5.7% |
| Amounts payable within one year | 42/48 | €196,154 | €259,190 | +€63,036 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €37,610 | €102,281 | +€64,671 | +171.9% |
| Trade debts | 44 | €31,663 | €12,048 | -€19,615 | -61.9% |
| Suppliers | 440/4 | €31,663 | €12,048 | -€19,615 | -61.9% |
| Taxes, remuneration and social security | 45 | €11,901 | €21,996 | +€10,095 | +84.8% |
| Taxes | 450/3 | €5,540 | €21,996 | +€16,456 | +297.1% |
| Remuneration and social security | 454/9 | €6,361 | - | -€6,361 | |
| Other amounts payable | 47/48 | €114,979 | €122,865 | +€7,886 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,756 | €54,990 | +€24,233 | +78.8% |
| Other operating charges | 640/8 | €5,082 | €8,331 | +€3,248 | +63.9% |
| Gross operating margin | 9900 | €75,281 | €98,681 | +€23,400 | +31.1% |
| Operating profit (loss) | 9901 | €39,442 | €35,360 | -€4,082 | -10.3% |
| Financial income | 75/76B | €13 | €78 | +€65 | +482.5% |
| Recurring financial income | 75 | €13 | €78 | +€65 | +482.5% |
| Financial charges | 65/66B | €13,416 | €19,349 | +€5,933 | +44.2% |
| Recurring financial charges | 65 | €13,416 | €19,349 | +€5,933 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €26,040 | €16,089 | -€9,950 | -38.2% |
| Income taxes | 67/77 | €8,603 | €10,719 | +€2,116 | +24.6% |
| Profit (loss) for the period | 9904 | €17,437 | €5,370 | -€12,067 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,437 | €5,370 | -€12,067 | -69.2% |
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.