TIERGARTEN: 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.
TIERGARTEN
Largest movements
- Receivables within one year +€3,347
up €3,347 (+70.7%), from €4,734 to €8,082
of which Trade receivables: +€3,347
- Tangible fixed assets -€779
down €779 (-6.2%), from €12,585 to €11,806
of which Plant, machinery and equipment: -€864
- Cash -€708
down €708 (-81.9%), from €865 to €157
mainly Investment in fixed assets (net) (-€4,316) and Receivables within one year (-€3,347)
- Deferred charges and accrued income +€706
up €706 (+632%), from €112 to €818
- Other debts +€7,343
up €7,343 (+43.7%), from €16,819 to €24,162
- Current portion of long-term debt -€1,728
no longer reported in 2025 (was €1,728)
- Tax, wage and social debts -€1,714
down €1,714 (-51.7%), from €3,318 to €1,604
- Profit (loss) carried forward -€1,651
down €1,651 (-11.4%), from -€14,483 to -€16,133
- Trade debts +€1,109
up €1,109 (+52.3%), from €2,122 to €3,230
- Gross operating margin +€1,898
up €1,898 (+69.0%), from €2,752 to €4,650
- Depreciation -€646
down €646 (-11.3%), from €5,741 to €5,094
- Taxes -€460
down €460 (-227%), from -€203 to -€663
- Other operating charges +€268
up €268 (+20.5%), from €1,308 to €1,576
- Financial charges +€84
up €84 (+37.5%), from €224 to €308
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 | €18,296 | €20,863 | +€2,566 | +14.0% |
| Fixed assets | 21/28 | €12,585 | €11,806 | -€779 | -6.2% |
| Tangible fixed assets | 22/27 | €12,585 | €11,806 | -€779 | -6.2% |
| Plant, machinery and equipment | 23 | €2,101 | €1,236 | -€864 | -41.2% |
| Furniture and vehicles | 24 | €10,485 | €10,570 | +€86 | +0.8% |
| Current assets | 29/58 | €5,711 | €9,056 | +€3,345 | +58.6% |
| Amounts receivable within one year | 40/41 | €4,734 | €8,082 | +€3,347 | +70.7% |
| Trade receivables | 40 | €2,914 | €6,262 | +€3,347 | +115% |
| Other amounts receivable | 41 | €1,820 | €1,820 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €865 | €157 | -€708 | -81.9% |
| Deferred charges and accrued income | 490/1 | €112 | €818 | +€706 | +632% |
| Total equity and liabilities | 10/49 | €18,296 | €20,863 | +€2,566 | +14.0% |
| Equity | 10/15 | -€6,483 | -€8,133 | -€1,651 | -25.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,483 | -€16,133 | -€1,651 | -11.4% |
| Amounts payable | 17/49 | €24,779 | €28,996 | +€4,217 | +17.0% |
| Amounts payable within one year | 42/48 | €24,779 | €28,996 | +€4,217 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €1,728 | - | -€1,728 | |
| Trade debts | 44 | €2,122 | €3,230 | +€1,109 | +52.3% |
| Suppliers | 440/4 | €2,122 | €3,230 | +€1,109 | +52.3% |
| Advances received on contracts in progress | 46 | €793 | - | -€793 | |
| Taxes, remuneration and social security | 45 | €3,318 | €1,604 | -€1,714 | -51.7% |
| Taxes | 450/3 | €3,318 | €1,604 | -€1,714 | -51.7% |
| Other amounts payable | 47/48 | €16,819 | €24,162 | +€7,343 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,741 | €5,094 | -€646 | -11.3% |
| Other operating charges | 640/8 | €1,308 | €1,576 | +€268 | +20.5% |
| Gross operating margin | 9900 | €2,752 | €4,650 | +€1,898 | +69.0% |
| Operating profit (loss) | 9901 | -€4,296 | -€2,020 | +€2,276 | +53.0% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €224 | €308 | +€84 | +37.5% |
| Recurring financial charges | 65 | €224 | €308 | +€84 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,520 | -€2,314 | +€2,206 | +48.8% |
| Income taxes | 67/77 | -€203 | -€663 | -€460 | -227% |
| Profit (loss) for the period | 9904 | -€4,317 | -€1,651 | +€2,667 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,317 | -€1,651 | +€2,667 | +61.8% |
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 13 October 2026 via checked.be.