T-I: 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.
T-I
Largest movements
- Cash +€245,111
up €245,111 (+27.7%), from €884,363 to €1.1m
mainly Current investments (+€204,456) and Net result for the year (+€192,742)
- Current investments -€204,456
down €204,456 (-20.4%), from €1.0m to €796,657
- Receivables within one year +€136,465
up €136,465 (+164%), from €83,149 to €219,614
of which Other amounts receivable: +€147,070
- Tangible fixed assets -€31,639
down €31,639 (-14.5%), from €217,698 to €186,059
of which Land and buildings: -€33,377
- Reserves +€192,742
up €192,742 (+10.3%), from €1.9m to €2.1m
of which Distributable reserves: +€192,742
- Tax, wage and social debts -€29,669
down €29,669 (-54.1%), from €54,859 to €25,191
- Gross operating margin -€27,541
down €27,541 (-8.7%), from €315,423 to €287,883
- Financial income +€18,630
up €18,630 (+59.6%), from €31,247 to €49,877
- Taxes -€11,269
down €11,269 (-11.8%), from €95,769 to €84,500
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 | €2,186,323 | €2,331,804 | +€145,481 | +6.7% |
| Fixed assets | 21/28 | €217,698 | €186,059 | -€31,639 | -14.5% |
| Tangible fixed assets | 22/27 | €217,698 | €186,059 | -€31,639 | -14.5% |
| Land and buildings | 22 | €195,805 | €162,428 | -€33,377 | -17.0% |
| Plant, machinery and equipment | 23 | €10,352 | €7,746 | -€2,606 | -25.2% |
| Furniture and vehicles | 24 | €11,541 | €15,885 | +€4,344 | +37.6% |
| Current assets | 29/58 | €1,968,625 | €2,145,745 | +€177,120 | +9.0% |
| Amounts receivable within one year | 40/41 | €83,149 | €219,614 | +€136,465 | +164% |
| Trade receivables | 40 | €83,149 | €72,544 | -€10,605 | -12.8% |
| Other amounts receivable | 41 | - | €147,070 | +€147,070 | |
| Current investments | 50/53 | €1,001,113 | €796,657 | -€204,456 | -20.4% |
| Cash at bank and in hand | 54/58 | €884,363 | €1,129,475 | +€245,111 | +27.7% |
| Total equity and liabilities | 10/49 | €2,186,323 | €2,331,804 | +€145,481 | +6.7% |
| Equity | 10/15 | €2,109,395 | €2,302,137 | +€192,742 | +9.1% |
| Contributions | 10/11 | €244,420 | €244,420 | = | 0.0% |
| Reserves | 13 | €1,864,975 | €2,057,717 | +€192,742 | +10.3% |
| Tax-exempt reserves | 132 | €19,530 | €19,530 | = | 0.0% |
| Distributable reserves | 133 | €1,845,445 | €2,038,186 | +€192,742 | +10.4% |
| Amounts payable | 17/49 | €76,928 | €29,667 | -€47,261 | -61.4% |
| Amounts payable within one year | 42/48 | €76,928 | €29,667 | -€47,261 | -61.4% |
| Trade debts | 44 | €9,897 | €4,476 | -€5,421 | -54.8% |
| Suppliers | 440/4 | €9,897 | €4,476 | -€5,421 | -54.8% |
| Taxes, remuneration and social security | 45 | €54,859 | €25,191 | -€29,669 | -54.1% |
| Taxes | 450/3 | €54,859 | €25,191 | -€29,669 | -54.1% |
| Other amounts payable | 47/48 | €12,172 | - | -€12,172 | |
| Remuneration, social security and pensions | 62 | €15,139 | €13,775 | -€1,364 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,570 | €39,321 | -€1,249 | -3.1% |
| Other operating charges | 640/8 | €6,632 | €3,875 | -€2,756 | -41.6% |
| Gross operating margin | 9900 | €315,423 | €287,883 | -€27,541 | -8.7% |
| Operating profit (loss) | 9901 | €253,083 | €230,911 | -€22,172 | -8.8% |
| Financial income | 75/76B | €31,247 | €49,877 | +€18,630 | +59.6% |
| Recurring financial income | 75 | €31,247 | €49,877 | +€18,630 | +59.6% |
| Financial charges | 65/66B | €520 | €3,546 | +€3,026 | +582% |
| Recurring financial charges | 65 | €520 | €3,546 | +€3,026 | +582% |
| Profit (loss) for the period before taxes | 9903 | €283,810 | €277,242 | -€6,568 | -2.3% |
| Income taxes | 67/77 | €95,769 | €84,500 | -€11,269 | -11.8% |
| Profit (loss) for the period | 9904 | €188,042 | €192,742 | +€4,700 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €188,042 | €192,742 | +€4,700 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.