TEZ GROUP: 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.
TEZ GROUP
Largest movements
- Tangible fixed assets -€53,989
down €53,989 (-57.9%), from €93,272 to €39,283
of which Furniture and vehicles: -€48,936
- Advances received -€73,464
down €73,464 (-46.3%), from €158,557 to €85,092
- Profit (loss) carried forward +€21,451
up €21,451 (+15.8%), from €135,413 to €156,864
- Tax, wage and social debts +€16,471
up €16,471 (+16.1%), from €102,499 to €118,970
of which Remuneration and social security: +€27,094
- Trade debts +€15,726
up €15,726 (+6.7%), from €233,550 to €249,275
- Debts after one year -€15,541
down €15,541 (-53.1%), from €29,253 to €13,711
- Gross operating margin -€44,096
down €44,096 (-14.7%), from €299,181 to €255,086
- Depreciation -€27,534
down €27,534 (-42.0%), from €65,563 to €38,029
- Other operating charges -€13,977
down €13,977 (-77.5%), from €18,039 to €4,063
- Staff costs -€9,330
down €9,330 (-4.7%), from €197,989 to €188,659
- Financial charges -€6,286
down €6,286 (-77.2%), from €8,140 to €1,854
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 | €740,515 | €681,326 | -€59,189 | -8.0% |
| Fixed assets | 21/28 | €93,467 | €39,478 | -€53,989 | -57.8% |
| Tangible fixed assets | 22/27 | €93,272 | €39,283 | -€53,989 | -57.9% |
| Furniture and vehicles | 24 | €88,219 | €39,283 | -€48,936 | -55.5% |
| Other tangible fixed assets | 26 | €5,053 | - | -€5,053 | |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €647,048 | €641,847 | -€5,201 | -0.8% |
| Amounts receivable within one year | 40/41 | €626,127 | €620,662 | -€5,464 | -0.9% |
| Trade receivables | 40 | €626,127 | €620,662 | -€5,464 | -0.9% |
| Cash at bank and in hand | 54/58 | €14,329 | €14,592 | +€264 | +1.8% |
| Deferred charges and accrued income | 490/1 | €6,592 | €6,592 | = | 0.0% |
| Total equity and liabilities | 10/49 | €740,515 | €681,326 | -€59,189 | -8.0% |
| Equity | 10/15 | €155,873 | €177,324 | +€21,451 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €135,413 | €156,864 | +€21,451 | +15.8% |
| Amounts payable | 17/49 | €584,642 | €504,002 | -€80,641 | -13.8% |
| Amounts payable after more than one year | 17 | €29,253 | €13,711 | -€15,541 | -53.1% |
| Financial debts | 170/4 | €29,253 | €13,711 | -€15,541 | -53.1% |
| Amounts payable within one year | 42/48 | €555,389 | €490,290 | -€65,099 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €36,846 | €21,313 | -€15,533 | -42.2% |
| Trade debts | 44 | €233,550 | €249,275 | +€15,726 | +6.7% |
| Suppliers | 440/4 | €233,550 | €249,275 | +€15,726 | +6.7% |
| Advances received on contracts in progress | 46 | €158,557 | €85,092 | -€73,464 | -46.3% |
| Taxes, remuneration and social security | 45 | €102,499 | €118,970 | +€16,471 | +16.1% |
| Taxes | 450/3 | €49,126 | €38,502 | -€10,624 | -21.6% |
| Remuneration and social security | 454/9 | €53,374 | €80,468 | +€27,094 | +50.8% |
| Other amounts payable | 47/48 | €23,937 | €15,640 | -€8,298 | -34.7% |
| Non-recurring operating income | 76A | - | €36,040 | +€36,040 | |
| Remuneration, social security and pensions | 62 | €197,989 | €188,659 | -€9,330 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,563 | €38,029 | -€27,534 | -42.0% |
| Other operating charges | 640/8 | €18,039 | €4,063 | -€13,977 | -77.5% |
| Gross operating margin | 9900 | €299,181 | €255,086 | -€44,096 | -14.7% |
| Operating profit (loss) | 9901 | €17,590 | €24,335 | +€6,745 | +38.3% |
| Financial income | 75/76B | €2 | €144 | +€142 | +8374.7% |
| Recurring financial income | 75 | €2 | €144 | +€142 | +8374.7% |
| Financial charges | 65/66B | €8,140 | €1,854 | -€6,286 | -77.2% |
| Recurring financial charges | 65 | €8,140 | €1,854 | -€6,286 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | €9,452 | €22,625 | +€13,173 | +139.4% |
| Income taxes | 67/77 | €3,776 | €1,174 | -€2,602 | -68.9% |
| Profit (loss) for the period | 9904 | €5,676 | €21,451 | +€15,775 | +277.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,676 | €21,451 | +€15,775 | +277.9% |
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.