TYROLIT: 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.
What changed
TYROLIT
NACE 23.910, Manufacture of other non-metallic mineral products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€69,516
2023 · €226,255-€156,738
Equity
€1.3m
2023 · €1.2m+€69,516
Cash
€6,527
2023 · €6,552-€25
Balance sheet total
€5.9m
2023 · €4.9m+€960,660
Largest movements
Assets
- Receivables within one year +€533,139
up €533,139 (+42.5%), from €1.3m to €1.8m
of which Trade receivables: +€591,293
- Tangible fixed assets +€368,312
up €368,312 (+15.2%), from €2.4m to €2.8m
of which Land and buildings: +€320,193
- Stocks and contracts +€77,019
up €77,019 (+6.4%), from €1.2m to €1.3m
Equity and liabilities
- Other debts +€489,932
new in 2024: €489,932
- Tax, wage and social debts +€260,691
up €260,691 (+71.6%), from €364,286 to €624,977
of which Taxes: +€235,884
- Trade debts +€92,158
up €92,158 (+9.7%), from €947,299 to €1.0m
- Provisions +€89,227
up €89,227, from €0 to €89,227
- Profit (loss) carried forward +€69,516
up €69,516 (+21.3%), from €325,710 to €395,227
Income statement
- Staff costs -€134,281
down €134,281 (-5.2%), from €2.6m to €2.5m
- Gross operating margin -€113,066
down €113,066 (-3.7%), from €3.1m to €3.0m
- Depreciation +€89,459
up €89,459 (+104.5%), from €85,608 to €175,067
- Financial charges +€79,985
up €79,985 (+77.2%), from €103,641 to €183,626
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.
Result 2023
€226,255
Gross operating margin
-€113,066
Staff costs
+€134,281
Depreciation
-€89,459
Write-downs
-€22,023
Other operating charges
+€11,059
Financial income
-€1,512
Financial charges
-€79,985
Taxes
+€3,967
Result 2024
€69,516
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.
From operations
+€543,354
Investment
-€543,379
Financing
€0
Cash 2023
€6,552
From operations (derived)
+€543,354
Net result for the year
+€69,516
Depreciation
+€175,067
Stocks and contracts
-€77,019
Receivables within one year
-€533,139
Deferred charges and accrued income
+€17,785
Provisions
+€89,227
Trade debts
+€92,158
Tax, wage and social debts
+€260,691
Other debts
+€489,932
Accrued charges and deferred income
-€40,864
Investment (derived)
-€543,379
Investment in fixed assets (net)
-€543,379
Cash 2024
€6,527
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,904,141 | €5,864,801 | +€960,660 | +19.6% |
| Fixed assets | 21/28 | €2,418,455 | €2,786,767 | +€368,312 | +15.2% |
| Tangible fixed assets | 22/27 | €2,417,641 | €2,785,953 | +€368,312 | +15.2% |
| Land and buildings | 22 | €2,337,091 | €2,657,284 | +€320,193 | +13.7% |
| Plant, machinery and equipment | 23 | €4,620 | €15,566 | +€10,946 | +236.9% |
| Furniture and vehicles | 24 | €75,930 | €113,103 | +€37,173 | +49.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €814 | €814 | = | 0.0% |
| Current assets | 29/58 | €2,485,686 | €3,078,034 | +€592,348 | +23.8% |
| Stocks and contracts in progress | 3 | €1,197,977 | €1,274,997 | +€77,019 | +6.4% |
| Stocks | 30/36 | €1,197,977 | €1,274,997 | +€77,019 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,255,635 | €1,788,774 | +€533,139 | +42.5% |
| Trade receivables | 40 | €1,173,842 | €1,765,135 | +€591,293 | +50.4% |
| Other amounts receivable | 41 | €81,793 | €23,639 | -€58,154 | -71.1% |
| Cash at bank and in hand | 54/58 | €6,552 | €6,527 | -€25 | -0.4% |
| Deferred charges and accrued income | 490/1 | €25,522 | €7,737 | -€17,785 | -69.7% |
| Total equity and liabilities | 10/49 | €4,904,141 | €5,864,801 | +€960,660 | +19.6% |
| Equity | 10/15 | €1,212,385 | €1,281,901 | +€69,516 | +5.7% |
| Contributions | 10/11 | €770,000 | €770,000 | = | 0.0% |
| Capital | 10 | €770,000 | €770,000 | = | 0.0% |
| Issued capital | 100 | €770,000 | €770,000 | = | 0.0% |
| Reserves | 13 | €116,675 | €116,675 | = | 0.0% |
| Non-distributable reserves | 130/1 | €77,000 | €77,000 | = | 0.0% |
| Legal reserve | 130 | €77,000 | €77,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,675 | €39,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,710 | €395,227 | +€69,516 | +21.3% |
| Provisions and deferred taxes | 16 | €0 | €89,227 | +€89,227 | |
| Provisions for liabilities and charges | 160/5 | €0 | €89,227 | +€89,227 | |
| Pensions and similar obligations | 160 | €0 | €89,227 | +€89,227 | |
| Amounts payable | 17/49 | €3,691,756 | €4,493,672 | +€801,916 | +21.7% |
| Amounts payable after more than one year | 17 | €2,200,000 | €2,200,000 | = | 0.0% |
| Financial debts | 170/4 | €2,200,000 | €2,200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,311,585 | €2,154,366 | +€842,781 | +64.3% |
| Trade debts | 44 | €947,299 | €1,039,458 | +€92,158 | +9.7% |
| Suppliers | 440/4 | €947,299 | €1,039,458 | +€92,158 | +9.7% |
| Taxes, remuneration and social security | 45 | €364,286 | €624,977 | +€260,691 | +71.6% |
| Taxes | 450/3 | €8,594 | €244,478 | +€235,884 | +2744.9% |
| Remuneration and social security | 454/9 | €355,693 | €380,500 | +€24,807 | +7.0% |
| Other amounts payable | 47/48 | - | €489,932 | +€489,932 | |
| Accrued charges and deferred income | 492/3 | €180,171 | €139,306 | -€40,864 | -22.7% |
| Non-recurring operating income | 76A | €247,517 | €3,849 | -€243,668 | -98.4% |
| Remuneration, social security and pensions | 62 | €2,602,171 | €2,467,890 | -€134,281 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,608 | €175,067 | +€89,459 | +104.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,519 | €19,504 | +€22,023 | |
| Other operating charges | 640/8 | €47,599 | €36,540 | -€11,059 | -23.2% |
| Gross operating margin | 9900 | €3,064,911 | €2,951,845 | -€113,066 | -3.7% |
| Operating profit (loss) | 9901 | €332,053 | €252,845 | -€79,208 | -23.9% |
| Financial income | 75/76B | €1,809 | €297 | -€1,512 | -83.6% |
| Recurring financial income | 75 | €1,809 | €297 | -€1,512 | -83.6% |
| Financial charges | 65/66B | €103,641 | €183,626 | +€79,985 | +77.2% |
| Recurring financial charges | 65 | €103,641 | €183,626 | +€79,985 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | €230,221 | €69,516 | -€160,705 | -69.8% |
| Income taxes | 67/77 | €3,967 | €0 | -€3,967 | -100.0% |
| Profit (loss) for the period | 9904 | €226,255 | €69,516 | -€156,738 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €226,255 | €69,516 | -€156,738 | -69.3% |
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 2 October 2026 via checked.be.