TZ MOTORS: 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.
TZ MOTORS
Largest movements
- Stocks and contracts +€362,180
up €362,180 (+485%), from €74,613 to €436,793
- Receivables within one year +€334,461
up €334,461 (+689%), from €48,538 to €382,999
of which Trade receivables: +€334,609
- Trade debts +€698,507
up €698,507 (+43,532%), from €1,605 to €700,112
- Debts after one year -€11,024
down €11,024 (-8.6%), from €127,910 to €116,886
- Purchases and services -€50,584
down €50,584 (-11.7%), from €432,587 to €382,003
- Gross operating margin +€35,065
up €35,065, from -€9,901 to €25,164
- Financial charges +€2,407
up €2,407 (+30.8%), from €7,828 to €10,235
of which Financial charges: +€1,675
- Taxes +€904
new in 2024: €904
- Depreciation -€314
down €314 (-5.2%), from €6,049 to €5,735
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 | €336,194 | €1,025,231 | +€689,037 | +205% |
| Fixed assets | 21/28 | €202,000 | €196,264 | -€5,735 | -2.8% |
| Tangible fixed assets | 22/27 | €202,000 | €196,264 | -€5,735 | -2.8% |
| Land and buildings | 22 | €199,461 | €194,904 | -€4,556 | -2.3% |
| Furniture and vehicles | 24 | €18 | €0 | -€18 | -100% |
| Other tangible fixed assets | 26 | €2,521 | €1,360 | -€1,161 | -46.1% |
| Current assets | 29/58 | €134,194 | €828,966 | +€694,772 | +518% |
| Stocks and contracts in progress | 3 | €74,613 | €436,793 | +€362,180 | +485% |
| Stocks | 30/36 | €74,613 | €436,793 | +€362,180 | +485% |
| Amounts receivable within one year | 40/41 | €48,538 | €382,999 | +€334,461 | +689% |
| Trade receivables | 40 | €43,706 | €378,314 | +€334,609 | +766% |
| Other amounts receivable | 41 | €4,832 | €4,685 | -€147 | -3.0% |
| Cash at bank and in hand | 54/58 | €545 | €677 | +€132 | +24.1% |
| Deferred charges and accrued income | 490/1 | €10,498 | €8,498 | -€2,000 | -19.1% |
| Total equity and liabilities | 10/49 | €336,194 | €1,025,231 | +€689,037 | +205% |
| Equity | 10/15 | €60,612 | €63,714 | +€3,102 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,291 | €79,291 | = | 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% |
| Distributable reserves | 133 | €77,431 | €77,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,879 | -€21,777 | +€3,102 | +12.5% |
| Amounts payable | 17/49 | €275,582 | €961,516 | +€685,935 | +249% |
| Amounts payable after more than one year | 17 | €127,910 | €116,886 | -€11,024 | -8.6% |
| Financial debts | 170/4 | €127,910 | €116,886 | -€11,024 | -8.6% |
| Amounts payable within one year | 42/48 | €147,672 | €844,630 | +€696,958 | +472% |
| Current portion of amounts payable after more than one year | 42 | €10,954 | €11,024 | +€70 | +0.6% |
| Financial debts | 43 | €50,019 | €50,000 | -€19 | 0.0% |
| Credit institutions | 430/8 | €50,019 | €50,000 | -€19 | 0.0% |
| Trade debts | 44 | €1,605 | €700,112 | +€698,507 | +43,532% |
| Suppliers | 440/4 | €1,605 | €700,112 | +€698,507 | +43,532% |
| Taxes, remuneration and social security | 45 | - | €1,036 | +€1,036 | |
| Taxes | 450/3 | - | €1,036 | +€1,036 | |
| Other amounts payable | 47/48 | €85,094 | €82,459 | -€2,635 | -3.1% |
| Non-recurring operating income | 76A | €11 | €3,225 | +€3,214 | +29,222% |
| Goods, raw materials, services and sundry goods | 60/61 | €432,587 | €382,003 | -€50,584 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,049 | €5,735 | -€314 | -5.2% |
| Other operating charges | 640/8 | €1,049 | €1,276 | +€227 | +21.7% |
| Non-recurring operating charges | 66A | €52 | €3,912 | +€3,860 | +7,421% |
| Gross operating margin | 9900 | -€9,901 | €25,164 | +€35,065 | |
| Operating profit (loss) | 9901 | -€17,051 | €14,241 | +€31,292 | |
| Financial charges | 65/66B | €7,828 | €10,235 | +€2,407 | +30.8% |
| Recurring financial charges | 65 | €7,780 | €9,455 | +€1,675 | +21.5% |
| Non-recurring financial charges | 66B | €48 | €780 | +€732 | +1,525% |
| Profit (loss) for the period before taxes | 9903 | -€24,879 | €4,006 | +€28,885 | |
| Income taxes | 67/77 | - | €904 | +€904 | |
| Profit (loss) for the period | 9904 | -€24,879 | €3,102 | +€27,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,879 | €3,102 | +€27,981 |
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 30 October 2026 via checked.be.