TZ GROUP: 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.
TZ GROUP
Largest movements
- Stocks and contracts -€301,200
down €301,200 (-96.6%), from €311,816 to €10,616
- Receivables within one year +€43,211
up €43,211 (+20.0%), from €216,284 to €259,495
of which Trade receivables: +€48,899
- Trade debts -€175,816
down €175,816 (-60.4%), from €290,910 to €115,093
- Other debts -€51,837
down €51,837 (-73.7%), from €70,343 to €18,506
- Tax, wage and social debts -€27,944
down €27,944 (-93.8%), from €29,789 to €1,844
of which Remuneration and social security: -€23,464
- Turnover -€227,348
down €227,348 (-38.1%), from €596,161 to €368,813
- Purchases and services -€212,626
down €212,626 (-38.1%), from €557,931 to €345,305
- Gross operating margin -€14,722
down €14,722 (-38.5%), from €38,231 to €23,509
- Taxes -€7,394
down €7,394 (-68.8%), from €10,745 to €3,352
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €532,639 | €275,522 | -€257,118 | -48.3% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €532,589 | €275,472 | -€257,118 | -48.3% |
| Stocks and contracts in progress | 3 | €311,816 | €10,616 | -€301,200 | -96.6% |
| Stocks | 30/36 | €311,816 | €10,616 | -€301,200 | -96.6% |
| Amounts receivable within one year | 40/41 | €216,284 | €259,495 | +€43,211 | +20.0% |
| Trade receivables | 40 | €206,731 | €255,630 | +€48,899 | +23.7% |
| Other amounts receivable | 41 | €9,553 | €3,865 | -€5,688 | -59.5% |
| Cash at bank and in hand | 54/58 | €4,489 | €5,361 | +€872 | +19.4% |
| Total equity and liabilities | 10/49 | €532,639 | €275,522 | -€257,118 | -48.3% |
| Equity | 10/15 | €141,598 | €140,077 | -€1,520 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,138 | €119,617 | -€1,520 | -1.3% |
| Amounts payable | 17/49 | €391,041 | €135,444 | -€255,597 | -65.4% |
| Amounts payable within one year | 42/48 | €391,041 | €135,444 | -€255,597 | -65.4% |
| Trade debts | 44 | €290,910 | €115,093 | -€175,816 | -60.4% |
| Suppliers | 440/4 | €290,910 | €115,093 | -€175,816 | -60.4% |
| Taxes, remuneration and social security | 45 | €29,789 | €1,844 | -€27,944 | -93.8% |
| Taxes | 450/3 | €4,482 | €1 | -€4,480 | -100.0% |
| Remuneration and social security | 454/9 | €25,307 | €1,843 | -€23,464 | -92.7% |
| Other amounts payable | 47/48 | €70,343 | €18,506 | -€51,837 | -73.7% |
| Turnover | 70 | €596,161 | €368,813 | -€227,348 | -38.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €557,931 | €345,305 | -€212,626 | -38.1% |
| Remuneration, social security and pensions | 62 | €23,828 | €20,757 | -€3,072 | -12.9% |
| Other operating charges | 640/8 | €880 | €609 | -€271 | -30.7% |
| Gross operating margin | 9900 | €38,231 | €23,509 | -€14,722 | -38.5% |
| Operating profit (loss) | 9901 | €13,522 | €2,143 | -€11,380 | -84.2% |
| Financial income | 75/76B | €536 | €58 | -€478 | -89.2% |
| Recurring financial income | 75 | €536 | €58 | -€478 | -89.2% |
| Financial charges | 65/66B | €1,500 | €369 | -€1,131 | -75.4% |
| Recurring financial charges | 65 | €1,500 | €369 | -€1,131 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €12,558 | €1,831 | -€10,727 | -85.4% |
| Income taxes | 67/77 | €10,745 | €3,352 | -€7,394 | -68.8% |
| Profit (loss) for the period | 9904 | €1,813 | -€1,520 | -€3,334 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,813 | -€1,520 | -€3,334 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.