Tide Turners: 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.
Tide Turners
Largest movements
- Tangible fixed assets +€2,759
up €2,759 (+277%), from €996 to €3,755
of which Plant, machinery and equipment: +€2,564
- Receivables within one year +€521
up €521 (+2.2%), from €24,200 to €24,721
of which Trade receivables: +€508
- Profit (loss) carried forward +€8,272
no longer reported in 2025 (was -€8,272)
- Trade debts -€7,072
down €7,072 (-91.1%), from €7,761 to €689
- Other debts -€5,782
down €5,782 (-46.9%), from €12,322 to €6,540
- Tax, wage and social debts +€4,186
up €4,186 (+71.6%), from €5,846 to €10,032
of which Taxes: +€3,886
- Short-term financial debts +€3,372
new in 2025: €3,372
- Gross operating margin +€18,856
up €18,856, from -€3,169 to €15,687
- Taxes +€2,026
up €2,026 (+970%), from €209 to €2,235
- Financial charges -€939
down €939 (-20.9%), from €4,488 to €3,549
- Depreciation +€550
up €550 (+179%), from €307 to €857
- Other operating charges +€491
up €491 (+224%), from €219 to €710
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 | €25,296 | €28,477 | +€3,181 | +12.6% |
| Fixed assets | 21/28 | €996 | €3,755 | +€2,759 | +277% |
| Tangible fixed assets | 22/27 | €996 | €3,755 | +€2,759 | +277% |
| Plant, machinery and equipment | 23 | - | €2,564 | +€2,564 | |
| Furniture and vehicles | 24 | €996 | €1,191 | +€195 | +19.6% |
| Current assets | 29/58 | €24,300 | €24,723 | +€422 | +1.7% |
| Amounts receivable within one year | 40/41 | €24,200 | €24,721 | +€521 | +2.2% |
| Trade receivables | 40 | €24,200 | €24,708 | +€508 | +2.1% |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €100 | €2 | -€99 | -98.3% |
| Total equity and liabilities | 10/49 | €25,296 | €28,477 | +€3,181 | +12.6% |
| Equity | 10/15 | -€633 | €7,843 | +€8,476 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,640 | €4,843 | +€204 | +4.4% |
| Distributable reserves | 133 | €4,640 | €4,843 | +€204 | +4.4% |
| Profit (loss) carried forward | 14 | -€8,272 | - | +€8,272 | |
| Amounts payable | 17/49 | €25,929 | €20,634 | -€5,295 | -20.4% |
| Amounts payable within one year | 42/48 | €25,929 | €20,634 | -€5,295 | -20.4% |
| Financial debts | 43 | - | €3,372 | +€3,372 | |
| Credit institutions | 430/8 | - | €3,372 | +€3,372 | |
| Trade debts | 44 | €7,761 | €689 | -€7,072 | -91.1% |
| Suppliers | 440/4 | €7,761 | €689 | -€7,072 | -91.1% |
| Taxes, remuneration and social security | 45 | €5,846 | €10,032 | +€4,186 | +71.6% |
| Taxes | 450/3 | €3,046 | €6,932 | +€3,886 | +128% |
| Remuneration and social security | 454/9 | €2,800 | €3,100 | +€300 | +10.7% |
| Other amounts payable | 47/48 | €12,322 | €6,540 | -€5,782 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €857 | +€550 | +179% |
| Other operating charges | 640/8 | €219 | €710 | +€491 | +224% |
| Gross operating margin | 9900 | -€3,169 | €15,687 | +€18,856 | |
| Operating profit (loss) | 9901 | -€3,695 | €14,120 | +€17,815 | |
| Financial income | 75/76B | €120 | €140 | +€20 | +16.5% |
| Recurring financial income | 75 | €120 | €140 | +€20 | +16.5% |
| Financial charges | 65/66B | €4,488 | €3,549 | -€939 | -20.9% |
| Recurring financial charges | 65 | €4,488 | €3,549 | -€939 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,063 | €10,711 | +€18,774 | |
| Income taxes | 67/77 | €209 | €2,235 | +€2,026 | +970% |
| Profit (loss) for the period | 9904 | -€8,272 | €8,476 | +€16,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,272 | €8,476 | +€16,748 |
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 31 October 2026 via checked.be.