TIEGO: 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.
TIEGO
Largest movements
- Receivables within one year -€24,437
down €24,437 (-95.2%), from €25,661 to €1,224
of which Trade receivables: -€23,091
- Tangible fixed assets -€20,716
down €20,716 (-33.2%), from €62,383 to €41,667
- Cash +€2,541
up €2,541 (+36.5%), from €6,961 to €9,502
mainly Receivables within one year (+€24,437) and Depreciation (+€20,716)
- Other debts -€37,640
down €37,640 (-87.1%), from €43,221 to €5,581
- Tax, wage and social debts -€2,500
no longer reported in 2025 (was €2,500)
- Trade debts -€1,578
no longer reported in 2025 (was €1,578)
- Profit (loss) carried forward -€1,000
down €1,000 (-3.7%), from €27,352 to €26,352
- Gross operating margin -€11,681
down €11,681 (-37.1%), from €31,449 to €19,769
- Depreciation -€10,323
down €10,323 (-33.3%), from €31,039 to €20,716
- Financial income -€3,027
no longer reported in 2025 (was €3,027)
of which Non-recurring financial income: -€3,000
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 | €95,112 | €52,393 | -€42,719 | -44.9% |
| Fixed assets | 21/28 | €62,383 | €41,667 | -€20,716 | -33.2% |
| Tangible fixed assets | 22/27 | €62,383 | €41,667 | -€20,716 | -33.2% |
| Plant, machinery and equipment | 23 | €62,383 | €41,667 | -€20,716 | -33.2% |
| Current assets | 29/58 | €32,728 | €10,726 | -€22,003 | -67.2% |
| Amounts receivable within one year | 40/41 | €25,661 | €1,224 | -€24,437 | -95.2% |
| Trade receivables | 40 | €23,091 | - | -€23,091 | |
| Other amounts receivable | 41 | €2,571 | €1,224 | -€1,347 | -52.4% |
| Cash at bank and in hand | 54/58 | €6,961 | €9,502 | +€2,541 | +36.5% |
| Deferred charges and accrued income | 490/1 | €107 | - | -€107 | |
| Total equity and liabilities | 10/49 | €95,112 | €52,393 | -€42,719 | -44.9% |
| Equity | 10/15 | €47,812 | €46,812 | -€1,000 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,352 | €26,352 | -€1,000 | -3.7% |
| Amounts payable | 17/49 | €47,299 | €5,581 | -€41,719 | -88.2% |
| Amounts payable within one year | 42/48 | €47,299 | €5,581 | -€41,719 | -88.2% |
| Trade debts | 44 | €1,578 | - | -€1,578 | |
| Suppliers | 440/4 | €1,578 | - | -€1,578 | |
| Taxes, remuneration and social security | 45 | €2,500 | - | -€2,500 | |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €43,221 | €5,581 | -€37,640 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,039 | €20,716 | -€10,323 | -33.3% |
| Gross operating margin | 9900 | €31,449 | €19,769 | -€11,681 | -37.1% |
| Operating profit (loss) | 9901 | €410 | -€948 | -€1,358 | |
| Financial income | 75/76B | €3,027 | - | -€3,027 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Non-recurring financial income | 76B | €3,000 | - | -€3,000 | |
| Financial charges | 65/66B | €54 | €53 | -€2 | -3.3% |
| Recurring financial charges | 65 | €54 | €53 | -€2 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €3,383 | -€1,000 | -€4,383 | |
| Profit (loss) for the period | 9904 | €3,383 | -€1,000 | -€4,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,383 | -€1,000 | -€4,383 |
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 11 October 2026 via checked.be.