TIFFANY'S: 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.
TIFFANY'S
Largest movements
- Receivables within one year -€8,490
down €8,490 (-65.8%), from €12,899 to €4,410
of which Trade receivables: -€8,489
- Tangible fixed assets -€764
down €764 (-93.1%), from €820 to €57
- Cash -€671
down €671 (-42.8%), from €1,569 to €897
mainly Advances received (-€7,228) and Trade debts (-€4,447)
- Stocks and contracts +€423
up €423 (+72.4%), from €584 to €1,007
- Advances received -€7,228
no longer reported in 2025 (was €7,228)
- Trade debts -€4,447
down €4,447 (-63.4%), from €7,010 to €2,563
- Other debts +€1,762
up €1,762 (+13.2%), from €13,335 to €15,097
- Short-term financial debts -€1,752
no longer reported in 2025 (was €1,752)
- Profit (loss) carried forward +€1,627
up €1,627 (+4.9%), from -€33,489 to -€31,862
- Gross operating margin +€6,544
up €6,544, from -€2,417 to €4,128
- Depreciation -€929
down €929 (-54.9%), from €1,692 to €764
- Financial income -€821
no longer reported in 2025 (was €821)
- Other operating charges +€108
up €108 (+9.8%), from €1,105 to €1,213
- Financial charges +€56
up €56 (+17.6%), from €316 to €372
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 | €15,872 | €6,371 | -€9,502 | -59.9% |
| Fixed assets | 21/28 | €820 | €57 | -€764 | -93.1% |
| Tangible fixed assets | 22/27 | €820 | €57 | -€764 | -93.1% |
| Furniture and vehicles | 24 | €820 | €57 | -€764 | -93.1% |
| Current assets | 29/58 | €15,052 | €6,314 | -€8,738 | -58.1% |
| Stocks and contracts in progress | 3 | €584 | €1,007 | +€423 | +72.4% |
| Stocks | 30/36 | €584 | €1,007 | +€423 | +72.4% |
| Amounts receivable within one year | 40/41 | €12,899 | €4,410 | -€8,490 | -65.8% |
| Trade receivables | 40 | €12,898 | €4,410 | -€8,489 | -65.8% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €1,569 | €897 | -€671 | -42.8% |
| Total equity and liabilities | 10/49 | €15,872 | €6,371 | -€9,502 | -59.9% |
| Equity | 10/15 | -€16,399 | -€14,772 | +€1,627 | +9.9% |
| Contributions | 10/11 | €17,090 | €17,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,489 | -€31,862 | +€1,627 | +4.9% |
| Amounts payable | 17/49 | €32,272 | €21,143 | -€11,129 | -34.5% |
| Amounts payable within one year | 42/48 | €32,272 | €21,143 | -€11,129 | -34.5% |
| Financial debts | 43 | €1,752 | - | -€1,752 | |
| Credit institutions | 430/8 | €1,752 | - | -€1,752 | |
| Trade debts | 44 | €7,010 | €2,563 | -€4,447 | -63.4% |
| Suppliers | 440/4 | €7,010 | €2,563 | -€4,447 | -63.4% |
| Advances received on contracts in progress | 46 | €7,228 | - | -€7,228 | |
| Taxes, remuneration and social security | 45 | €2,946 | €3,483 | +€537 | +18.2% |
| Taxes | 450/3 | €1,946 | €2,483 | +€537 | +27.6% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,335 | €15,097 | +€1,762 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,692 | €764 | -€929 | -54.9% |
| Other operating charges | 640/8 | €1,105 | €1,213 | +€108 | +9.8% |
| Gross operating margin | 9900 | -€2,417 | €4,128 | +€6,544 | |
| Operating profit (loss) | 9901 | -€5,214 | €2,151 | +€7,365 | |
| Financial income | 75/76B | €821 | - | -€821 | |
| Recurring financial income | 75 | €821 | - | -€821 | |
| Financial charges | 65/66B | €316 | €372 | +€56 | +17.6% |
| Recurring financial charges | 65 | €316 | €372 | +€56 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,710 | €1,779 | +€6,489 | |
| Income taxes | 67/77 | €146 | €152 | +€6 | +4.3% |
| Profit (loss) for the period | 9904 | -€4,855 | €1,627 | +€6,482 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,855 | €1,627 | +€6,482 |
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 29 October 2026 via checked.be.