TIA: what changed
Two fiscal 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.
TIA
Largest movements
- Cash +€532,112
up €532,112 (+3608.6%), from €14,746 to €546,857
mainly Receivables within one year (+€257,222) and Net result for the year (+€235,921)
- Receivables within one year -€257,222
down €257,222 (-86.6%), from €296,930 to €39,709
of which Trade receivables: -€245,001
- Tangible fixed assets -€44,641
down €44,641 (-80.9%), from €55,178 to €10,537
of which Land and buildings: -€54,147
- Current investments -€6,600
down €6,600 (-88.6%), from €7,450 to €850
- Profit (loss) carried forward +€235,921
up €235,921 (+6551.8%), from €3,601 to €239,522
- Financial charges -€45,271
down €45,271 (-86.8%), from €52,178 to €6,907
- Gross operating margin +€19,468
up €19,468 (+8.8%), from €222,365 to €241,833
- Depreciation -€18,049
down €18,049 (-97.3%), from €18,543 to €494
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.
Cash bridge derived
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 | €380,197 | €601,636 | +€221,439 | +58.2% |
| Fixed assets | 21/28 | €55,178 | €10,537 | -€44,641 | -80.9% |
| Tangible fixed assets | 22/27 | €55,178 | €10,537 | -€44,641 | -80.9% |
| Land and buildings | 22 | €54,147 | €0 | -€54,147 | -100.0% |
| Furniture and vehicles | 24 | €1,031 | €537 | -€494 | -47.9% |
| Assets under construction and advance payments | 27 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €325,019 | €591,099 | +€266,080 | +81.9% |
| Amounts receivable within one year | 40/41 | €296,930 | €39,709 | -€257,222 | -86.6% |
| Trade receivables | 40 | €281,866 | €36,866 | -€245,001 | -86.9% |
| Other amounts receivable | 41 | €15,064 | €2,843 | -€12,221 | -81.1% |
| Current investments | 50/53 | €7,450 | €850 | -€6,600 | -88.6% |
| Cash at bank and in hand | 54/58 | €14,746 | €546,857 | +€532,112 | +3608.6% |
| Deferred charges and accrued income | 490/1 | €5,893 | €3,683 | -€2,210 | -37.5% |
| Total equity and liabilities | 10/49 | €380,197 | €601,636 | +€221,439 | +58.2% |
| Equity | 10/15 | €118,796 | €354,718 | +€235,921 | +198.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,596 | €96,596 | = | 0.0% |
| Distributable reserves | 133 | €96,596 | €96,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,601 | €239,522 | +€235,921 | +6551.8% |
| Amounts payable | 17/49 | €261,401 | €246,919 | -€14,482 | -5.5% |
| Amounts payable within one year | 42/48 | €261,401 | €246,919 | -€14,482 | -5.5% |
| Trade debts | 44 | €12,450 | €6,601 | -€5,849 | -47.0% |
| Suppliers | 440/4 | €12,450 | €6,601 | -€5,849 | -47.0% |
| Taxes, remuneration and social security | 45 | €6,103 | €1,819 | -€4,284 | -70.2% |
| Taxes | 450/3 | €3,303 | €1,819 | -€1,484 | -44.9% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100.0% |
| Other amounts payable | 47/48 | €242,847 | €238,498 | -€4,349 | -1.8% |
| Non-recurring operating income | 76A | - | €245,853 | +€245,853 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,543 | €494 | -€18,049 | -97.3% |
| Other operating charges | 640/8 | €1,014 | €489 | -€525 | -51.8% |
| Gross operating margin | 9900 | €222,365 | €241,833 | +€19,468 | +8.8% |
| Operating profit (loss) | 9901 | €202,808 | €240,850 | +€38,042 | +18.8% |
| Financial income | 75/76B | €0 | €2,110 | +€2,110 | |
| Recurring financial income | 75 | €0 | €2,110 | +€2,110 | |
| Financial charges | 65/66B | €52,178 | €6,907 | -€45,271 | -86.8% |
| Recurring financial charges | 65 | €52,178 | €6,907 | -€45,271 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €150,630 | €236,053 | +€85,423 | +56.7% |
| Income taxes | 67/77 | €150 | €132 | -€18 | -11.9% |
| Profit (loss) for the period | 9904 | €150,480 | €235,921 | +€85,441 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €150,480 | €235,921 | +€85,441 | +56.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.