TZIVA: 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.
TZIVA
Largest movements
- Cash +€73,531
up €73,531 (+53.5%), from €137,461 to €210,992
mainly Net result for the year (+€41,976) and Receivables within one year (+€30,448)
- Receivables within one year -€30,448
down €30,448 (-85.1%), from €35,759 to €5,311
- Tangible fixed assets +€3,718
up €3,718 (+41.6%), from €8,939 to €12,657
- Reserves +€41,976
up €41,976 (+31.2%), from €134,514 to €176,490
- Other debts +€17,677
up €17,677 (+154%), from €11,510 to €29,187
- Tax, wage and social debts -€12,630
down €12,630 (-47.5%), from €26,577 to €13,947
- Gross operating margin -€40,342
down €40,342 (-40.6%), from €99,438 to €59,095
- Taxes -€9,233
down €9,233 (-46.3%), from €19,960 to €10,726
- Financial charges +€1,740
up €1,740 (+319%), from €545 to €2,285
- Depreciation +€1,682
up €1,682 (+93.6%), from €1,797 to €3,479
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 | €182,830 | €229,625 | +€46,795 | +25.6% |
| Fixed assets | 21/28 | €8,939 | €12,657 | +€3,718 | +41.6% |
| Tangible fixed assets | 22/27 | €8,939 | €12,657 | +€3,718 | +41.6% |
| Furniture and vehicles | 24 | €8,939 | €12,657 | +€3,718 | +41.6% |
| Current assets | 29/58 | €173,891 | €216,968 | +€43,076 | +24.8% |
| Amounts receivable within one year | 40/41 | €35,759 | €5,311 | -€30,448 | -85.1% |
| Trade receivables | 40 | €35,759 | €5,311 | -€30,448 | -85.1% |
| Cash at bank and in hand | 54/58 | €137,461 | €210,992 | +€73,531 | +53.5% |
| Deferred charges and accrued income | 490/1 | €672 | €664 | -€7 | -1.1% |
| Total equity and liabilities | 10/49 | €182,830 | €229,625 | +€46,795 | +25.6% |
| Equity | 10/15 | €144,514 | €186,490 | +€41,976 | +29.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €134,514 | €176,490 | +€41,976 | +31.2% |
| Distributable reserves | 133 | €134,514 | €176,490 | +€41,976 | +31.2% |
| Amounts payable | 17/49 | €38,316 | €43,135 | +€4,819 | +12.6% |
| Amounts payable within one year | 42/48 | €38,316 | €43,135 | +€4,819 | +12.6% |
| Trade debts | 44 | €229 | - | -€229 | |
| Suppliers | 440/4 | €229 | - | -€229 | |
| Taxes, remuneration and social security | 45 | €26,577 | €13,947 | -€12,630 | -47.5% |
| Taxes | 450/3 | €26,577 | €13,947 | -€12,630 | -47.5% |
| Other amounts payable | 47/48 | €11,510 | €29,187 | +€17,677 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,797 | €3,479 | +€1,682 | +93.6% |
| Other operating charges | 640/8 | €693 | €629 | -€65 | -9.3% |
| Gross operating margin | 9900 | €99,438 | €59,095 | -€40,342 | -40.6% |
| Operating profit (loss) | 9901 | €96,947 | €54,987 | -€41,959 | -43.3% |
| Financial charges | 65/66B | €545 | €2,285 | +€1,740 | +319% |
| Recurring financial charges | 65 | €545 | €2,285 | +€1,740 | +319% |
| Profit (loss) for the period before taxes | 9903 | €96,402 | €52,702 | -€43,699 | -45.3% |
| Income taxes | 67/77 | €19,960 | €10,726 | -€9,233 | -46.3% |
| Profit (loss) for the period | 9904 | €76,442 | €41,976 | -€34,466 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,442 | €41,976 | -€34,466 | -45.1% |
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 13 October 2026 via checked.be.