TG GROUNDS: 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.
TG GROUNDS
Largest movements
- Receivables after one year +€162,506
new in 2024: €162,506
- Stocks and contracts -€125,333
down €125,333 (-31.9%), from €392,658 to €267,326
- Cash +€9,427
up €9,427 (+274.5%), from €3,434 to €12,861
mainly Stocks and contracts (+€125,333) and Net result for the year (+€57,850)
- Profit (loss) carried forward +€56,388
up €56,388, from -€56,388 to €0
- Short-term financial debts -€39,368
down €39,368 (-9.6%), from €410,000 to €370,632
- Debts after one year +€25,000
up €25,000 (+14.9%), from €168,206 to €193,206
- Gross operating margin +€92,395
up €92,395, from -€1,370 to €91,025
- Financial charges +€19,135
up €19,135 (+152.9%), from €12,517 to €31,652
- Taxes +€1,378
new in 2024: €1,378
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 | €576,092 | €622,693 | +€46,600 | +8.1% |
| Fixed assets | 21/28 | €180,000 | €180,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €180,000 | €180,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €180,000 | €180,000 | = | 0.0% |
| Current assets | 29/58 | €396,092 | €442,693 | +€46,600 | +11.8% |
| Amounts receivable after more than one year | 29 | - | €162,506 | +€162,506 | |
| Other amounts receivable | 291 | - | €162,506 | +€162,506 | |
| Stocks and contracts in progress | 3 | €392,658 | €267,326 | -€125,333 | -31.9% |
| Stocks | 30/36 | €392,658 | €267,326 | -€125,333 | -31.9% |
| Cash at bank and in hand | 54/58 | €3,434 | €12,861 | +€9,427 | +274.5% |
| Total equity and liabilities | 10/49 | €576,092 | €622,693 | +€46,600 | +8.1% |
| Equity | 10/15 | -€6,388 | €51,462 | +€57,850 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €1,462 | +€1,462 | |
| Distributable reserves | 133 | - | €1,462 | +€1,462 | |
| Profit (loss) carried forward | 14 | -€56,388 | €0 | +€56,388 | |
| Amounts payable | 17/49 | €582,481 | €571,231 | -€11,250 | -1.9% |
| Amounts payable after more than one year | 17 | €168,206 | €193,206 | +€25,000 | +14.9% |
| Other amounts payable | 178/9 | €168,206 | €193,206 | +€25,000 | +14.9% |
| Amounts payable within one year | 42/48 | €410,000 | €372,010 | -€37,990 | -9.3% |
| Financial debts | 43 | €410,000 | €370,632 | -€39,368 | -9.6% |
| Credit institutions | 430/8 | €410,000 | €370,632 | -€39,368 | -9.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €1,378 | +€1,378 | |
| Taxes | 450/3 | - | €1,378 | +€1,378 | |
| Accrued charges and deferred income | 492/3 | €4,275 | €6,015 | +€1,740 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €131 | €145 | +€14 | +10.7% |
| Gross operating margin | 9900 | -€1,370 | €91,025 | +€92,395 | |
| Operating profit (loss) | 9901 | -€1,501 | €90,880 | +€92,381 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12,517 | €31,652 | +€19,135 | +152.9% |
| Recurring financial charges | 65 | €12,517 | €31,652 | +€19,135 | +152.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,018 | €59,228 | +€73,246 | |
| Income taxes | 67/77 | - | €1,378 | +€1,378 | |
| Profit (loss) for the period | 9904 | -€14,018 | €57,850 | +€71,868 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,018 | €57,850 | +€71,868 |
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 30 September 2026 via checked.be.