C-TINA: 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.
C-TINA
Largest movements
- Tangible fixed assets -€21,631
down €21,631 (-14.6%), from €148,178 to €126,547
of which Land and buildings: -€19,418
- Receivables within one year +€11,701
up €11,701 (+9.2%), from €127,120 to €138,820
of which Other amounts receivable: +€18,868
- Trade debts -€42,982
down €42,982 (-88.0%), from €48,864 to €5,882
- Profit (loss) carried forward +€35,615
up €35,615, from -€26,006 to €9,610
- Debts after one year -€24,389
down €24,389 (-11.9%), from €204,525 to €180,136
- Tax, wage and social debts +€18,588
up €18,588 (+107%), from €17,309 to €35,897
- Short-term financial debts +€3,485
new in 2025: €3,485
- Gross operating margin +€18,537
up €18,537 (+29.4%), from €63,000 to €81,537
- Taxes +€9,290
up €9,290 (+112%), from €8,288 to €17,578
- Financial income +€2,600
up €2,600 (+51.1%), from €5,091 to €7,691
- Financial charges -€2,495
down €2,495 (-21.8%), from €11,422 to €8,927
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,438 | €275,000 | -€9,437 | -3.3% |
| Fixed assets | 21/28 | €148,178 | €126,547 | -€21,631 | -14.6% |
| Tangible fixed assets | 22/27 | €148,178 | €126,547 | -€21,631 | -14.6% |
| Land and buildings | 22 | €145,965 | €126,547 | -€19,418 | -13.3% |
| Furniture and vehicles | 24 | €28 | - | -€28 | |
| Other tangible fixed assets | 26 | €2,186 | - | -€2,186 | |
| Current assets | 29/58 | €136,260 | €148,454 | +€12,194 | +8.9% |
| Amounts receivable within one year | 40/41 | €127,120 | €138,820 | +€11,701 | +9.2% |
| Trade receivables | 40 | €15,401 | €8,234 | -€7,167 | -46.5% |
| Other amounts receivable | 41 | €111,718 | €130,586 | +€18,868 | +16.9% |
| Cash at bank and in hand | 54/58 | €1,736 | - | -€1,736 | |
| Deferred charges and accrued income | 490/1 | €7,404 | €9,633 | +€2,229 | +30.1% |
| Total equity and liabilities | 10/49 | €284,438 | €275,000 | -€9,437 | -3.3% |
| Equity | 10/15 | -€17,951 | €17,665 | +€35,615 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,006 | €9,610 | +€35,615 | |
| Amounts payable | 17/49 | €302,389 | €257,336 | -€45,053 | -14.9% |
| Amounts payable after more than one year | 17 | €204,525 | €180,136 | -€24,389 | -11.9% |
| Financial debts | 170/4 | €204,525 | €180,136 | -€24,389 | -11.9% |
| Amounts payable within one year | 42/48 | €97,198 | €76,603 | -€20,595 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €25,514 | €26,385 | +€871 | +3.4% |
| Financial debts | 43 | - | €3,485 | +€3,485 | |
| Credit institutions | 430/8 | - | €3,485 | +€3,485 | |
| Trade debts | 44 | €48,864 | €5,882 | -€42,982 | -88.0% |
| Suppliers | 440/4 | €48,864 | €5,882 | -€42,982 | -88.0% |
| Taxes, remuneration and social security | 45 | €17,309 | €35,897 | +€18,588 | +107% |
| Taxes | 450/3 | €17,309 | €35,897 | +€18,588 | +107% |
| Other amounts payable | 47/48 | €5,511 | €4,954 | -€557 | -10.1% |
| Accrued charges and deferred income | 492/3 | €666 | €598 | -€68 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,006 | €23,199 | -€807 | -3.4% |
| Other operating charges | 640/8 | €3,427 | €2,678 | -€749 | -21.9% |
| Non-recurring operating charges | 66A | - | €1,230 | +€1,230 | |
| Gross operating margin | 9900 | €63,000 | €81,537 | +€18,537 | +29.4% |
| Operating profit (loss) | 9901 | €35,567 | €54,430 | +€18,863 | +53.0% |
| Financial income | 75/76B | €5,091 | €7,691 | +€2,600 | +51.1% |
| Recurring financial income | 75 | €5,091 | €7,691 | +€2,600 | +51.1% |
| Financial charges | 65/66B | €11,422 | €8,927 | -€2,495 | -21.8% |
| Recurring financial charges | 65 | €11,422 | €8,927 | -€2,495 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €29,236 | €53,194 | +€23,958 | +81.9% |
| Income taxes | 67/77 | €8,288 | €17,578 | +€9,290 | +112% |
| Profit (loss) for the period | 9904 | €20,948 | €35,615 | +€14,668 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,948 | €35,615 | +€14,668 | +70.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.