Tgorge: 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.
Tgorge
Largest movements
- Cash -€66,344
down €66,344 (-79.5%), from €83,457 to €17,114
mainly Contributions, distributions and other (-€45,000) and Other debts (-€10,243)
- Receivables within one year -€2,861
down €2,861 (-46.9%), from €6,098 to €3,237
of which Trade receivables: -€5,309
- Tangible fixed assets +€2,653
up €2,653 (+61.4%), from €4,320 to €6,973
of which Plant, machinery and equipment: +€3,955
- Reserves -€54,164
down €54,164 (-86.3%), from €62,798 to €8,634
- Other debts -€10,243
down €10,243 (-53.2%), from €19,257 to €9,013
- Trade debts -€1,089
down €1,089 (-60.2%), from €1,810 to €721
- Tax, wage and social debts -€1,055
down €1,055 (-12.6%), from €8,361 to €7,306
- Gross operating margin -€41,106
down €41,106, from €34,225 to -€6,882
- Taxes -€6,883
down €6,883 (-97.0%), from €7,095 to €211
- Other operating charges -€1,718
down €1,718 (-78.5%), from €2,189 to €471
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,876 | €27,324 | -€66,551 | -70.9% |
| Fixed assets | 21/28 | €4,320 | €6,973 | +€2,653 | +61.4% |
| Tangible fixed assets | 22/27 | €4,320 | €6,973 | +€2,653 | +61.4% |
| Plant, machinery and equipment | 23 | - | €3,955 | +€3,955 | |
| Furniture and vehicles | 24 | €4,320 | €3,018 | -€1,302 | -30.1% |
| Current assets | 29/58 | €89,556 | €20,351 | -€69,205 | -77.3% |
| Amounts receivable within one year | 40/41 | €6,098 | €3,237 | -€2,861 | -46.9% |
| Trade receivables | 40 | €6,098 | €790 | -€5,309 | -87.1% |
| Other amounts receivable | 41 | - | €2,447 | +€2,447 | |
| Cash at bank and in hand | 54/58 | €83,457 | €17,114 | -€66,344 | -79.5% |
| Total equity and liabilities | 10/49 | €93,876 | €27,324 | -€66,551 | -70.9% |
| Equity | 10/15 | €64,298 | €10,134 | -€54,164 | -84.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €62,798 | €8,634 | -€54,164 | -86.3% |
| Distributable reserves | 133 | €62,798 | €8,634 | -€54,164 | -86.3% |
| Amounts payable | 17/49 | €29,578 | €17,190 | -€12,387 | -41.9% |
| Amounts payable within one year | 42/48 | €29,428 | €17,040 | -€12,387 | -42.1% |
| Trade debts | 44 | €1,810 | €721 | -€1,089 | -60.2% |
| Suppliers | 440/4 | €1,810 | €721 | -€1,089 | -60.2% |
| Taxes, remuneration and social security | 45 | €8,361 | €7,306 | -€1,055 | -12.6% |
| Taxes | 450/3 | €8,361 | €7,306 | -€1,055 | -12.6% |
| Other amounts payable | 47/48 | €19,257 | €9,013 | -€10,243 | -53.2% |
| Accrued charges and deferred income | 492/3 | €150 | €150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,302 | €1,487 | +€186 | +14.3% |
| Other operating charges | 640/8 | €2,189 | €471 | -€1,718 | -78.5% |
| Gross operating margin | 9900 | €34,225 | -€6,882 | -€41,106 | |
| Operating profit (loss) | 9901 | €30,735 | -€8,839 | -€39,574 | |
| Financial charges | 65/66B | €89 | €113 | +€25 | +27.9% |
| Recurring financial charges | 65 | €89 | €113 | +€25 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €30,646 | -€8,953 | -€39,599 | |
| Income taxes | 67/77 | €7,095 | €211 | -€6,883 | -97.0% |
| Profit (loss) for the period | 9904 | €23,552 | -€9,164 | -€32,716 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,552 | -€9,164 | -€32,716 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.