Tiferes: 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.
Tiferes
Largest movements
- Deferred charges and accrued income -€94,901
down €94,901 (-99.5%), from €95,345 to €444
- Receivables within one year +€23,919
up €23,919 (+69.1%), from €34,604 to €58,523
of which Other amounts receivable: +€15,357
- Cash -€8,886
down €8,886 (-22.4%), from €39,639 to €30,754
mainly Trade debts (-€75,417) and Receivables within one year (-€23,919)
- Intangible fixed assets +€8,882
up €8,882 (+329.4%), from €2,696 to €11,577
- Trade debts -€75,417
down €75,417 (-18.7%), from €403,182 to €327,765
- Other debts -€19,061
down €19,061 (-14.0%), from €136,556 to €117,494
- Tax, wage and social debts +€17,337
up €17,337 (+73.6%), from €23,567 to €40,905
of which Taxes: +€9,225
- Profit (loss) carried forward +€11,325
up €11,325 (+67.1%), from €16,869 to €28,193
- Staff costs +€49,567
up €49,567 (+60.4%), from €81,997 to €131,564
- Gross operating margin +€43,838
up €43,838 (+38.9%), from €112,626 to €156,464
- Taxes -€1,697
down €1,697 (-41.2%), from €4,115 to €2,418
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 | €600,616 | €536,663 | -€63,953 | -10.6% |
| Fixed assets | 21/28 | €8,985 | €20,122 | +€11,138 | +124.0% |
| Intangible fixed assets | 21 | €2,696 | €11,577 | +€8,882 | +329.4% |
| Tangible fixed assets | 22/27 | €4,809 | €7,065 | +€2,256 | +46.9% |
| Plant, machinery and equipment | 23 | €4,809 | €3,785 | -€1,024 | -21.3% |
| Furniture and vehicles | 24 | - | €3,280 | +€3,280 | |
| Financial fixed assets | 28 | €1,480 | €1,480 | = | 0.0% |
| Current assets | 29/58 | €591,631 | €516,541 | -€75,090 | -12.7% |
| Stocks and contracts in progress | 3 | €422,043 | €426,821 | +€4,777 | +1.1% |
| Stocks | 30/36 | €422,043 | €426,821 | +€4,777 | +1.1% |
| Amounts receivable within one year | 40/41 | €34,604 | €58,523 | +€23,919 | +69.1% |
| Trade receivables | 40 | €32,604 | €41,166 | +€8,562 | +26.3% |
| Other amounts receivable | 41 | €2,000 | €17,357 | +€15,357 | +767.8% |
| Cash at bank and in hand | 54/58 | €39,639 | €30,754 | -€8,886 | -22.4% |
| Deferred charges and accrued income | 490/1 | €95,345 | €444 | -€94,901 | -99.5% |
| Total equity and liabilities | 10/49 | €600,616 | €536,663 | -€63,953 | -10.6% |
| Equity | 10/15 | €36,869 | €48,193 | +€11,325 | +30.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,869 | €28,193 | +€11,325 | +67.1% |
| Amounts payable | 17/49 | €563,747 | €488,470 | -€75,277 | -13.4% |
| Amounts payable within one year | 42/48 | €563,305 | €486,165 | -€77,140 | -13.7% |
| Trade debts | 44 | €403,182 | €327,765 | -€75,417 | -18.7% |
| Suppliers | 440/4 | €403,182 | €327,765 | -€75,417 | -18.7% |
| Taxes, remuneration and social security | 45 | €23,567 | €40,905 | +€17,337 | +73.6% |
| Taxes | 450/3 | €5,939 | €15,165 | +€9,225 | +155.3% |
| Remuneration and social security | 454/9 | €17,628 | €25,740 | +€8,112 | +46.0% |
| Other amounts payable | 47/48 | €136,556 | €117,494 | -€19,061 | -14.0% |
| Accrued charges and deferred income | 492/3 | €442 | €2,305 | +€1,863 | +421.5% |
| Remuneration, social security and pensions | 62 | €81,997 | €131,564 | +€49,567 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €3,616 | -€188 | -4.9% |
| Other operating charges | 640/8 | - | €754 | +€754 | |
| Gross operating margin | 9900 | €112,626 | €156,464 | +€43,838 | +38.9% |
| Operating profit (loss) | 9901 | €26,825 | €20,530 | -€6,295 | -23.5% |
| Financial income | 75/76B | €852 | €1,429 | +€576 | +67.6% |
| Recurring financial income | 75 | €852 | €1,429 | +€576 | +67.6% |
| Financial charges | 65/66B | €6,694 | €8,216 | +€1,522 | +22.7% |
| Recurring financial charges | 65 | €6,694 | €8,216 | +€1,522 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €20,983 | €13,742 | -€7,241 | -34.5% |
| Income taxes | 67/77 | €4,115 | €2,418 | -€1,697 | -41.2% |
| Profit (loss) for the period | 9904 | €16,869 | €11,325 | -€5,544 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,869 | €11,325 | -€5,544 | -32.9% |
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 8 October 2026 via checked.be.