TSCHAIKA: 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.
TSCHAIKA
Largest movements
- Tangible fixed assets +€406,943
up €406,943 (+39541.6%), from €1,029 to €407,972
of which Land and buildings: +€407,505
- Cash -€38,944
down €38,944 (-71.8%), from €54,254 to €15,311
mainly Investment in fixed assets (net) (-€425,600) and Receivables within one year (-€4,838)
- Intangible fixed assets -€20,000
down €20,000 (-14.3%), from €140,329 to €120,329
- Debts after one year +€303,664
up €303,664 (+322.2%), from €94,252 to €397,916
- Other debts +€22,287
up €22,287 (+87.5%), from €25,468 to €47,755
- Reserves +€18,919
up €18,919 (+40.9%), from €46,284 to €65,203
- Current portion of long-term debt +€11,714
up €11,714 (+41.1%), from €28,511 to €40,224
- Gross operating margin +€20,327
up €20,327 (+39.0%), from €52,182 to €72,509
- Depreciation +€18,095
up €18,095 (+88.0%), from €20,563 to €38,657
- Financial charges +€6,456
up €6,456 (+321.4%), from €2,009 to €8,464
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 | €200,256 | €553,098 | +€352,842 | +176.2% |
| Fixed assets | 21/28 | €141,358 | €528,301 | +€386,943 | +273.7% |
| Intangible fixed assets | 21 | €140,329 | €120,329 | -€20,000 | -14.3% |
| Tangible fixed assets | 22/27 | €1,029 | €407,972 | +€406,943 | +39541.6% |
| Land and buildings | 22 | - | €407,505 | +€407,505 | |
| Furniture and vehicles | 24 | €1,029 | €466 | -€563 | -54.7% |
| Current assets | 29/58 | €58,898 | €24,798 | -€34,101 | -57.9% |
| Amounts receivable within one year | 40/41 | €3,498 | €8,336 | +€4,838 | +138.3% |
| Trade receivables | 40 | - | €758 | +€758 | |
| Other amounts receivable | 41 | €3,498 | €7,579 | +€4,081 | +116.7% |
| Cash at bank and in hand | 54/58 | €54,254 | €15,311 | -€38,944 | -71.8% |
| Deferred charges and accrued income | 490/1 | €1,146 | €1,151 | +€5 | +0.4% |
| Total equity and liabilities | 10/49 | €200,256 | €553,098 | +€352,842 | +176.2% |
| Equity | 10/15 | €48,284 | €67,203 | +€18,919 | +39.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,284 | €65,203 | +€18,919 | +40.9% |
| Distributable reserves | 133 | €46,284 | €65,203 | +€18,919 | +40.9% |
| Amounts payable | 17/49 | €151,973 | €485,896 | +€333,923 | +219.7% |
| Amounts payable after more than one year | 17 | €94,252 | €397,916 | +€303,664 | +322.2% |
| Financial debts | 170/4 | €94,252 | €397,916 | +€303,664 | +322.2% |
| Amounts payable within one year | 42/48 | €57,721 | €87,979 | +€30,259 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €28,511 | €40,224 | +€11,714 | +41.1% |
| Trade debts | 44 | €738 | €0 | -€738 | -100.0% |
| Suppliers | 440/4 | €738 | €0 | -€738 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,004 | €0 | -€3,004 | -100.0% |
| Taxes | 450/3 | €3,004 | €0 | -€3,004 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,468 | €47,755 | +€22,287 | +87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,563 | €38,657 | +€18,095 | +88.0% |
| Other operating charges | 640/8 | €546 | €549 | +€3 | +0.5% |
| Gross operating margin | 9900 | €52,182 | €72,509 | +€20,327 | +39.0% |
| Operating profit (loss) | 9901 | €31,073 | €33,303 | +€2,230 | +7.2% |
| Financial charges | 65/66B | €2,009 | €8,464 | +€6,456 | +321.4% |
| Recurring financial charges | 65 | €2,009 | €8,464 | +€6,456 | +321.4% |
| Profit (loss) for the period before taxes | 9903 | €29,064 | €24,838 | -€4,226 | -14.5% |
| Income taxes | 67/77 | €6,502 | €5,919 | -€583 | -9.0% |
| Profit (loss) for the period | 9904 | €22,562 | €18,919 | -€3,643 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,562 | €18,919 | -€3,643 | -16.1% |
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 1 October 2026 via checked.be.