TORTIGA: 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.
TORTIGA
Largest movements
- Receivables within one year +€7,179
up €7,179 (+29.5%), from €24,321 to €31,500
- Tangible fixed assets -€2,916
down €2,916 (-84.0%), from €3,471 to €555
- Cash +€2,260
up €2,260 (+57.5%), from €3,933 to €6,193
mainly Other debts (+€121,107) and Depreciation (+€2,916)
- Other debts +€121,107
up €121,107 (+79.4%), from €152,579 to €273,686
- Debts after one year -€100,000
no longer reported in 2024 (was €100,000)
- Profit (loss) carried forward -€16,941
down €16,941 (-36.4%), from -€46,582 to -€63,522
- Advances received +€2,420
up €2,420 (+84.5%), from €2,865 to €5,285
- Gross operating margin +€24,477
up €24,477 (+90.6%), from -€27,022 to -€2,545
- Financial charges +€8,657
up €8,657 (+650.1%), from €1,332 to €9,988
- Depreciation -€2,009
down €2,009 (-40.8%), from €4,925 to €2,916
- Other operating charges +€1,298
up €1,298 (+669.8%), from €194 to €1,492
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 | €218,926 | €225,449 | +€6,523 | +3.0% |
| Fixed assets | 21/28 | €3,471 | €555 | -€2,916 | -84.0% |
| Tangible fixed assets | 22/27 | €3,471 | €555 | -€2,916 | -84.0% |
| Furniture and vehicles | 24 | €3,471 | €555 | -€2,916 | -84.0% |
| Current assets | 29/58 | €215,455 | €224,894 | +€9,439 | +4.4% |
| Stocks and contracts in progress | 3 | €187,202 | €187,202 | = | 0.0% |
| Stocks | 30/36 | €187,202 | €187,202 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,321 | €31,500 | +€7,179 | +29.5% |
| Other amounts receivable | 41 | €24,321 | €31,500 | +€7,179 | +29.5% |
| Cash at bank and in hand | 54/58 | €3,933 | €6,193 | +€2,260 | +57.5% |
| Total equity and liabilities | 10/49 | €218,926 | €225,449 | +€6,523 | +3.0% |
| Equity | 10/15 | -€36,582 | -€53,522 | -€16,941 | -46.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,582 | -€63,522 | -€16,941 | -36.4% |
| Amounts payable | 17/49 | €255,507 | €278,971 | +€23,464 | +9.2% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Financial debts | 170/4 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €155,507 | €278,971 | +€123,464 | +79.4% |
| Advances received on contracts in progress | 46 | €2,865 | €5,285 | +€2,420 | +84.5% |
| Taxes, remuneration and social security | 45 | €64 | - | -€64 | |
| Taxes | 450/3 | €64 | - | -€64 | |
| Other amounts payable | 47/48 | €152,579 | €273,686 | +€121,107 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,925 | €2,916 | -€2,009 | -40.8% |
| Other operating charges | 640/8 | €194 | €1,492 | +€1,298 | +669.8% |
| Gross operating margin | 9900 | -€27,022 | -€2,545 | +€24,477 | +90.6% |
| Operating profit (loss) | 9901 | -€32,141 | -€6,952 | +€25,188 | +78.4% |
| Financial charges | 65/66B | €1,332 | €9,988 | +€8,657 | +650.1% |
| Recurring financial charges | 65 | €1,332 | €9,988 | +€8,657 | +650.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,472 | -€16,941 | +€16,531 | +49.4% |
| Profit (loss) for the period | 9904 | -€33,472 | -€16,941 | +€16,531 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,472 | -€16,941 | +€16,531 | +49.4% |
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 6 October 2026 via checked.be.