TSARVA: 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.
TSARVA
Largest movements
- Receivables within one year +€17,084
up €17,084 (+38.8%), from €44,061 to €61,146
of which Trade receivables: +€16,440
- Cash +€14,402
up €14,402 (+25.8%), from €55,719 to €70,122
mainly Trade debts (+€27,643) and Other debts (+€8,800)
- Tangible fixed assets -€2,462
down €2,462 (-40.8%), from €6,033 to €3,571
- Trade debts +€27,643
up €27,643 (+1940.4%), from €1,425 to €29,068
- Other debts +€8,800
up €8,800 (+18.1%), from €48,692 to €57,492
- Tax, wage and social debts -€7,634
down €7,634 (-58.6%), from €13,034 to €5,400
- Gross operating margin -€18,017
down €18,017 (-82.3%), from €21,896 to €3,878
- Taxes -€5,400
no longer reported in 2024 (was €5,400)
- Other operating charges +€801
up €801 (+259.2%), from €309 to €1,110
- Staff costs -€415
no longer reported in 2024 (was €415)
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 | €105,814 | €134,838 | +€29,024 | +27.4% |
| Fixed assets | 21/28 | €6,033 | €3,571 | -€2,462 | -40.8% |
| Tangible fixed assets | 22/27 | €6,033 | €3,571 | -€2,462 | -40.8% |
| Furniture and vehicles | 24 | €6,033 | €3,571 | -€2,462 | -40.8% |
| Current assets | 29/58 | €99,780 | €131,267 | +€31,487 | +31.6% |
| Amounts receivable within one year | 40/41 | €44,061 | €61,146 | +€17,084 | +38.8% |
| Trade receivables | 40 | €43,715 | €60,155 | +€16,440 | +37.6% |
| Other amounts receivable | 41 | €346 | €990 | +€644 | +186.4% |
| Cash at bank and in hand | 54/58 | €55,719 | €70,122 | +€14,402 | +25.8% |
| Total equity and liabilities | 10/49 | €105,814 | €134,838 | +€29,024 | +27.4% |
| Equity | 10/15 | €42,663 | €42,879 | +€216 | +0.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €32,663 | €32,879 | +€216 | +0.7% |
| Distributable reserves | 133 | €32,663 | €32,879 | +€216 | +0.7% |
| Amounts payable | 17/49 | €63,151 | €91,959 | +€28,808 | +45.6% |
| Amounts payable within one year | 42/48 | €63,151 | €91,959 | +€28,808 | +45.6% |
| Trade debts | 44 | €1,425 | €29,068 | +€27,643 | +1940.4% |
| Suppliers | 440/4 | €1,425 | €29,068 | +€27,643 | +1940.4% |
| Taxes, remuneration and social security | 45 | €13,034 | €5,400 | -€7,634 | -58.6% |
| Taxes | 450/3 | €13,034 | €5,400 | -€7,634 | -58.6% |
| Other amounts payable | 47/48 | €48,692 | €57,492 | +€8,800 | +18.1% |
| Remuneration, social security and pensions | 62 | €415 | - | -€415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,462 | €2,462 | = | 0.0% |
| Other operating charges | 640/8 | €309 | €1,110 | +€801 | +259.2% |
| Gross operating margin | 9900 | €21,896 | €3,878 | -€18,017 | -82.3% |
| Operating profit (loss) | 9901 | €18,709 | €306 | -€18,403 | -98.4% |
| Financial charges | 65/66B | €93 | €90 | -€3 | -3.2% |
| Recurring financial charges | 65 | €93 | €90 | -€3 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €18,616 | €216 | -€18,400 | -98.8% |
| Income taxes | 67/77 | €5,400 | - | -€5,400 | |
| Profit (loss) for the period | 9904 | €13,216 | €216 | -€13,000 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,216 | €216 | -€13,000 | -98.4% |
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 5 October 2026 via checked.be.