Tsigeris: 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.
Tsigeris
Largest movements
- Cash -€19,421
down €19,421 (-7.5%), from €259,292 to €239,871
mainly Tax, wage and social debts (-€28,400) and Receivables within one year (-€8,542)
- Receivables within one year +€8,542
up €8,542 (+674.7%), from €1,266 to €9,808
of which Trade receivables: +€7,563
- Tax, wage and social debts -€28,400
down €28,400 (-87.5%), from €32,474 to €4,074
of which Taxes: -€28,429
- Reserves +€20,390
up €20,390 (+6.6%), from €310,851 to €331,241
of which Distributable reserves: +€20,390
- Gross operating margin -€31,703
down €31,703 (-50.5%), from €62,825 to €31,122
- Taxes -€9,978
down €9,978 (-47.8%), from €20,858 to €10,880
- Other operating charges -€928
down €928 (-47.7%), from €1,944 to €1,016
- Depreciation -€711
down €711 (-40.2%), from €1,768 to €1,057
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 | €354,867 | €345,626 | -€9,241 | -2.6% |
| Fixed assets | 21/28 | €12,081 | €11,024 | -€1,057 | -8.7% |
| Tangible fixed assets | 22/27 | €11,771 | €10,714 | -€1,057 | -9.0% |
| Furniture and vehicles | 24 | €722 | €466 | -€256 | -35.5% |
| Other tangible fixed assets | 26 | €11,049 | €10,248 | -€801 | -7.2% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €342,786 | €334,602 | -€8,184 | -2.4% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,266 | €9,808 | +€8,542 | +674.7% |
| Trade receivables | 40 | - | €7,563 | +€7,563 | |
| Other amounts receivable | 41 | €1,266 | €2,245 | +€979 | +77.3% |
| Cash at bank and in hand | 54/58 | €259,292 | €239,871 | -€19,421 | -7.5% |
| Deferred charges and accrued income | 490/1 | €12,228 | €14,923 | +€2,695 | +22.0% |
| Total equity and liabilities | 10/49 | €354,867 | €345,626 | -€9,241 | -2.6% |
| Equity | 10/15 | €317,051 | €337,441 | +€20,390 | +6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €310,851 | €331,241 | +€20,390 | +6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,900 | €28,900 | = | 0.0% |
| Distributable reserves | 133 | €280,091 | €300,481 | +€20,390 | +7.3% |
| Amounts payable | 17/49 | €37,816 | €8,185 | -€29,631 | -78.4% |
| Amounts payable within one year | 42/48 | €37,816 | €8,185 | -€29,631 | -78.4% |
| Trade debts | 44 | €1,360 | €2,196 | +€836 | +61.5% |
| Suppliers | 440/4 | €1,360 | €2,196 | +€836 | +61.5% |
| Taxes, remuneration and social security | 45 | €32,474 | €4,074 | -€28,400 | -87.5% |
| Taxes | 450/3 | €31,111 | €2,682 | -€28,429 | -91.4% |
| Remuneration and social security | 454/9 | €1,363 | €1,392 | +€29 | +2.1% |
| Other amounts payable | 47/48 | €3,982 | €1,915 | -€2,067 | -51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,768 | €1,057 | -€711 | -40.2% |
| Other operating charges | 640/8 | €1,944 | €1,016 | -€928 | -47.7% |
| Gross operating margin | 9900 | €62,825 | €31,122 | -€31,703 | -50.5% |
| Operating profit (loss) | 9901 | €59,113 | €29,049 | -€30,064 | -50.9% |
| Financial income | 75/76B | €2,487 | €2,449 | -€38 | -1.5% |
| Recurring financial income | 75 | €2,487 | €2,449 | -€38 | -1.5% |
| Financial charges | 65/66B | €377 | €228 | -€149 | -39.5% |
| Recurring financial charges | 65 | €377 | €228 | -€149 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €61,223 | €31,270 | -€29,953 | -48.9% |
| Income taxes | 67/77 | €20,858 | €10,880 | -€9,978 | -47.8% |
| Profit (loss) for the period | 9904 | €40,365 | €20,390 | -€19,975 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,365 | €20,390 | -€19,975 | -49.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.