TGI Maritime Consultancy: 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.
TGI Maritime Consultancy
Largest movements
- Cash +€42,504
up €42,504 (+150%), from €28,328 to €70,832
mainly Net result for the year (+€51,350) and Other debts (+€19,217)
- Receivables within one year +€17,319
up €17,319 (+92.8%), from €18,668 to €35,987
of which Trade receivables: +€12,613
- Tangible fixed assets +€4,085
up €4,085 (+42.2%), from €9,674 to €13,759
of which Furniture and vehicles: +€3,615
- Deferred charges and accrued income -€3,497
down €3,497 (-29.3%), from €11,935 to €8,438
- Profit (loss) carried forward +€31,350
up €31,350 (+52.4%), from €59,838 to €91,188
- Other debts +€19,217
up €19,217 (+661%), from €2,905 to €22,122
- Tax, wage and social debts +€8,441
up €8,441 (+461%), from €1,831 to €10,272
- Trade debts +€1,403
up €1,403 (+89.4%), from €1,570 to €2,974
- Gross operating margin -€16,602
down €16,602 (-19.5%), from €85,092 to €68,490
- Taxes -€9,036
down €9,036 (-41.4%), from €21,831 to €12,795
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 | €68,645 | €129,056 | +€60,411 | +88.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,714 | €13,799 | +€4,085 | +42.1% |
| Tangible fixed assets | 22/27 | €9,674 | €13,759 | +€4,085 | +42.2% |
| Plant, machinery and equipment | 23 | €7,063 | €7,534 | +€470 | +6.7% |
| Furniture and vehicles | 24 | €2,610 | €6,225 | +€3,615 | +138% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €58,931 | €115,257 | +€56,326 | +95.6% |
| Amounts receivable within one year | 40/41 | €18,668 | €35,987 | +€17,319 | +92.8% |
| Trade receivables | 40 | €18,000 | €30,613 | +€12,613 | +70.1% |
| Other amounts receivable | 41 | €668 | €5,374 | +€4,706 | +705% |
| Cash at bank and in hand | 54/58 | €28,328 | €70,832 | +€42,504 | +150% |
| Deferred charges and accrued income | 490/1 | €11,935 | €8,438 | -€3,497 | -29.3% |
| Total equity and liabilities | 10/49 | €68,645 | €129,056 | +€60,411 | +88.0% |
| Equity | 10/15 | €62,338 | €93,688 | +€31,350 | +50.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,838 | €91,188 | +€31,350 | +52.4% |
| Amounts payable | 17/49 | €6,307 | €35,368 | +€29,061 | +461% |
| Amounts payable within one year | 42/48 | €6,307 | €35,368 | +€29,061 | +461% |
| Trade debts | 44 | €1,570 | €2,974 | +€1,403 | +89.4% |
| Suppliers | 440/4 | €1,570 | €2,974 | +€1,403 | +89.4% |
| Taxes, remuneration and social security | 45 | €1,831 | €10,272 | +€8,441 | +461% |
| Taxes | 450/3 | €1,831 | €10,272 | +€8,441 | +461% |
| Other amounts payable | 47/48 | €2,905 | €22,122 | +€19,217 | +661% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,669 | €3,371 | +€702 | +26.3% |
| Other operating charges | 640/8 | €1,160 | €917 | -€243 | -20.9% |
| Gross operating margin | 9900 | €85,092 | €68,490 | -€16,602 | -19.5% |
| Operating profit (loss) | 9901 | €81,263 | €64,202 | -€17,061 | -21.0% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €54 | €57 | +€3 | +4.7% |
| Recurring financial charges | 65 | €54 | €57 | +€3 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €81,245 | €64,145 | -€17,100 | -21.0% |
| Income taxes | 67/77 | €21,831 | €12,795 | -€9,036 | -41.4% |
| Profit (loss) for the period | 9904 | €59,413 | €51,350 | -€8,064 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,413 | €51,350 | -€8,064 | -13.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.