Tsegai: what changed
Two financial 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.
Tsegai
Largest movements
- Stocks and contracts -€25,230
no longer reported in 2024 (was €25,230)
- Receivables within one year -€9,980
down €9,980 (-22.6%), from €44,163 to €34,183
of which Trade receivables: -€21,637
- Cash -€9,020
down €9,020 (-96.4%), from €9,359 to €339
mainly Net result for the year (-€38,203) and Tax, wage and social debts (-€5,853)
- Profit (loss) carried forward -€38,203
down €38,203 (-72.5%), from €52,708 to €14,504
- Tax, wage and social debts -€5,853
down €5,853 (-38.1%), from €15,351 to €9,498
of which Taxes: -€5,462
- Gross operating margin -€40,728
down €40,728 (-90.9%), from €44,825 to €4,097
- Financial charges -€3,950
down €3,950 (-59.5%), from €6,644 to €2,694
- Staff costs +€3,445
up €3,445 (+10.8%), from €31,953 to €35,398
- Taxes +€2,154
up €2,154 (+234%), from €921 to €3,075
- Depreciation -€578
down €578 (-34.9%), from €1,656 to €1,078
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.
Derived cash bridge
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 | €79,679 | €35,541 | -€44,138 | -55.4% |
| Fixed assets | 21/28 | €927 | €1,019 | +€92 | +9.9% |
| Tangible fixed assets | 22/27 | €927 | €1,019 | +€92 | +9.9% |
| Plant, machinery and equipment | 23 | - | €1,019 | +€1,019 | |
| Other tangible fixed assets | 26 | €927 | - | -€927 | |
| Current assets | 29/58 | €78,753 | €34,522 | -€44,230 | -56.2% |
| Stocks and contracts in progress | 3 | €25,230 | - | -€25,230 | |
| Stocks | 30/36 | €25,230 | - | -€25,230 | |
| Amounts receivable within one year | 40/41 | €44,163 | €34,183 | -€9,980 | -22.6% |
| Trade receivables | 40 | €36,501 | €14,863 | -€21,637 | -59.3% |
| Other amounts receivable | 41 | €7,662 | €19,320 | +€11,658 | +152% |
| Cash at bank and in hand | 54/58 | €9,359 | €339 | -€9,020 | -96.4% |
| Total equity and liabilities | 10/49 | €79,679 | €35,541 | -€44,138 | -55.4% |
| Equity | 10/15 | €60,708 | €22,504 | -€38,203 | -62.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,000 | - | -€8,000 | |
| Other | 1109/19 | €8,000 | - | -€8,000 | |
| Profit (loss) carried forward | 14 | €52,708 | €14,504 | -€38,203 | -72.5% |
| Amounts payable | 17/49 | €18,972 | €13,037 | -€5,935 | -31.3% |
| Amounts payable within one year | 42/48 | €18,972 | €13,037 | -€5,935 | -31.3% |
| Trade debts | 44 | €957 | €1,376 | +€418 | +43.7% |
| Suppliers | 440/4 | €957 | €1,376 | +€418 | +43.7% |
| Taxes, remuneration and social security | 45 | €15,351 | €9,498 | -€5,853 | -38.1% |
| Taxes | 450/3 | €14,711 | €9,250 | -€5,462 | -37.1% |
| Remuneration and social security | 454/9 | €639 | €248 | -€391 | -61.2% |
| Other amounts payable | 47/48 | €2,664 | €2,164 | -€500 | -18.8% |
| Remuneration, social security and pensions | 62 | €31,953 | €35,398 | +€3,445 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €1,078 | -€578 | -34.9% |
| Other operating charges | 640/8 | €109 | €118 | +€9 | +8.3% |
| Gross operating margin | 9900 | €44,825 | €4,097 | -€40,728 | -90.9% |
| Operating profit (loss) | 9901 | €11,106 | -€32,496 | -€43,603 | |
| Financial income | 75/76B | - | €62 | +€62 | |
| Recurring financial income | 75 | - | €62 | +€62 | |
| Financial charges | 65/66B | €6,644 | €2,694 | -€3,950 | -59.5% |
| Recurring financial charges | 65 | €6,644 | €2,694 | -€3,950 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €4,462 | -€35,128 | -€39,590 | |
| Income taxes | 67/77 | €921 | €3,075 | +€2,154 | +234% |
| Profit (loss) for the period | 9904 | €3,541 | -€38,203 | -€41,744 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,541 | -€38,203 | -€41,744 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.