TSHAMA ELEC: 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.
TSHAMA ELEC
Largest movements
- Intangible fixed assets -€10,718
down €10,718 (-20.0%), from €53,536 to €42,818
- Cash -€4,133
down €4,133 (-81.7%), from €5,058 to €925
mainly Other debts (-€9,901) and Debts after one year (-€8,697)
- Receivables within one year -€2,168
down €2,168 (-2.5%), from €88,449 to €86,281
of which Other amounts receivable: -€2,001
- Other debts -€9,901
down €9,901 (-99.0%), from €10,000 to €99
- Debts after one year -€8,697
down €8,697 (-16.9%), from €51,391 to €42,694
- Trade debts +€5,507
up €5,507 (+9.6%), from €57,529 to €63,036
- Profit (loss) carried forward -€3,871
down €3,871 (-26.7%), from €14,503 to €10,632
- Gross operating margin -€13,293
down €13,293 (-63.9%), from €20,792 to €7,499
- Taxes -€2,500
no longer reported in 2024 (was €2,500)
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 | €147,322 | €130,360 | -€16,962 | -11.5% |
| Fixed assets | 21/28 | €53,536 | €42,818 | -€10,718 | -20.0% |
| Intangible fixed assets | 21 | €53,536 | €42,818 | -€10,718 | -20.0% |
| Current assets | 29/58 | €93,786 | €87,542 | -€6,244 | -6.7% |
| Amounts receivable within one year | 40/41 | €88,449 | €86,281 | -€2,168 | -2.5% |
| Trade receivables | 40 | €78,676 | €78,509 | -€167 | -0.2% |
| Other amounts receivable | 41 | €9,773 | €7,772 | -€2,001 | -20.5% |
| Cash at bank and in hand | 54/58 | €5,058 | €925 | -€4,133 | -81.7% |
| Deferred charges and accrued income | 490/1 | €279 | €336 | +€57 | +20.4% |
| Total equity and liabilities | 10/49 | €147,322 | €130,360 | -€16,962 | -11.5% |
| Equity | 10/15 | €17,003 | €13,132 | -€3,871 | -22.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,503 | €10,632 | -€3,871 | -26.7% |
| Amounts payable | 17/49 | €130,319 | €117,228 | -€13,091 | -10.0% |
| Amounts payable after more than one year | 17 | €51,391 | €42,694 | -€8,697 | -16.9% |
| Financial debts | 170/4 | €51,391 | €42,694 | -€8,697 | -16.9% |
| Amounts payable within one year | 42/48 | €78,928 | €74,534 | -€4,394 | -5.6% |
| Trade debts | 44 | €57,529 | €63,036 | +€5,507 | +9.6% |
| Suppliers | 440/4 | €57,529 | €63,036 | +€5,507 | +9.6% |
| Taxes, remuneration and social security | 45 | €11,399 | €11,399 | = | 0.0% |
| Taxes | 450/3 | €7,455 | €7,455 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,944 | €3,944 | = | 0.0% |
| Other amounts payable | 47/48 | €10,000 | €99 | -€9,901 | -99.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,717 | €10,718 | +€1 | 0.0% |
| Other operating charges | 640/8 | €123 | €21 | -€102 | -82.9% |
| Non-recurring operating charges | 66A | €5,235 | €630 | -€4,605 | -88.0% |
| Gross operating margin | 9900 | €20,792 | €7,499 | -€13,293 | -63.9% |
| Operating profit (loss) | 9901 | €4,717 | -€3,870 | -€8,587 | |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €4,717 | -€3,870 | -€8,587 | |
| Income taxes | 67/77 | €2,500 | - | -€2,500 | |
| Profit (loss) for the period | 9904 | €2,217 | -€3,870 | -€6,087 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,217 | -€3,870 | -€6,087 |
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 1 November 2026 via checked.be.