TSARABE: 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.
TSARABE
Largest movements
- Cash +€14,740
up €14,740 (+159.7%), from €9,228 to €23,968
mainly Net result for the year (+€16,691) and Receivables within one year (+€5,511)
- Receivables within one year -€5,511
down €5,511 (-99.8%), from €5,522 to €11
of which Trade receivables: -€3,897
- Stocks and contracts +€4,911
up €4,911 (+65.5%), from €7,499 to €12,410
- Deferred charges and accrued income -€4,418
down €4,418 (-90.5%), from €4,881 to €462
- Tangible fixed assets -€4,185
down €4,185 (-8.0%), from €52,407 to €48,222
of which Land and buildings: -€3,821
- Profit (loss) carried forward +€16,691
up €16,691 (+28.6%), from -€58,374 to -€41,683
- Debts after one year -€6,863
down €6,863 (-21.4%), from €32,019 to €25,156
- Tax, wage and social debts -€3,520
down €3,520 (-47.4%), from €7,420 to €3,900
of which Remuneration and social security: -€2,973
- Other debts -€1,785
down €1,785 (-2.6%), from €69,230 to €67,446
- Current portion of long-term debt +€947
up €947 (+14.6%), from €6,469 to €7,417
- Gross operating margin +€16,060
up €16,060 (+43.7%), from €36,742 to €52,802
- Staff costs -€10,808
down €10,808 (-30.1%), from €35,921 to €25,114
- Depreciation -€4,839
down €4,839 (-53.6%), from €9,024 to €4,185
- Other operating charges +€2,407
up €2,407 (+188.2%), from €1,279 to €3,686
- Provisions -€914
new in 2024: -€914
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 | €80,641 | €86,178 | +€5,537 | +6.9% |
| Fixed assets | 21/28 | €53,512 | €49,327 | -€4,185 | -7.8% |
| Tangible fixed assets | 22/27 | €52,407 | €48,222 | -€4,185 | -8.0% |
| Land and buildings | 22 | €51,764 | €47,943 | -€3,821 | -7.4% |
| Plant, machinery and equipment | 23 | €643 | €279 | -€364 | -56.6% |
| Financial fixed assets | 28 | €1,105 | €1,105 | = | 0.0% |
| Current assets | 29/58 | €27,129 | €36,851 | +€9,722 | +35.8% |
| Stocks and contracts in progress | 3 | €7,499 | €12,410 | +€4,911 | +65.5% |
| Stocks | 30/36 | €7,499 | €12,410 | +€4,911 | +65.5% |
| Amounts receivable within one year | 40/41 | €5,522 | €11 | -€5,511 | -99.8% |
| Trade receivables | 40 | €3,908 | €11 | -€3,897 | -99.7% |
| Other amounts receivable | 41 | €1,614 | - | -€1,614 | |
| Cash at bank and in hand | 54/58 | €9,228 | €23,968 | +€14,740 | +159.7% |
| Deferred charges and accrued income | 490/1 | €4,881 | €462 | -€4,418 | -90.5% |
| Total equity and liabilities | 10/49 | €80,641 | €86,178 | +€5,537 | +6.9% |
| Equity | 10/15 | -€39,780 | -€23,090 | +€16,691 | +42.0% |
| Contributions | 10/11 | €18,594 | €18,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,374 | -€41,683 | +€16,691 | +28.6% |
| Amounts payable | 17/49 | €120,422 | €109,268 | -€11,154 | -9.3% |
| Amounts payable after more than one year | 17 | €32,019 | €25,156 | -€6,863 | -21.4% |
| Financial debts | 170/4 | €32,019 | €25,156 | -€6,863 | -21.4% |
| Amounts payable within one year | 42/48 | €88,402 | €84,111 | -€4,291 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €6,469 | €7,417 | +€947 | +14.6% |
| Trade debts | 44 | €5,283 | €5,349 | +€66 | +1.3% |
| Suppliers | 440/4 | €5,283 | €5,349 | +€66 | +1.3% |
| Taxes, remuneration and social security | 45 | €7,420 | €3,900 | -€3,520 | -47.4% |
| Taxes | 450/3 | €1,228 | €681 | -€547 | -44.5% |
| Remuneration and social security | 454/9 | €6,192 | €3,219 | -€2,973 | -48.0% |
| Other amounts payable | 47/48 | €69,230 | €67,446 | -€1,785 | -2.6% |
| Remuneration, social security and pensions | 62 | €35,921 | €25,114 | -€10,808 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,024 | €4,185 | -€4,839 | -53.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€914 | -€914 | |
| Other operating charges | 640/8 | €1,279 | €3,686 | +€2,407 | +188.2% |
| Gross operating margin | 9900 | €36,742 | €52,802 | +€16,060 | +43.7% |
| Operating profit (loss) | 9901 | -€9,481 | €20,731 | +€30,213 | |
| Financial income | 75/76B | €61 | €145 | +€85 | +140.3% |
| Recurring financial income | 75 | €61 | €145 | +€85 | +140.3% |
| Financial charges | 65/66B | €3,647 | €4,186 | +€539 | +14.8% |
| Recurring financial charges | 65 | €3,647 | €4,186 | +€539 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,068 | €16,691 | +€29,759 | |
| Profit (loss) for the period | 9904 | -€13,068 | €16,691 | +€29,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,068 | €16,691 | +€29,759 |
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 29 September 2026 via checked.be.