TIFLIS: 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.
TIFLIS
Largest movements
- Cash +€15,077
up €15,077 (+135.6%), from €11,120 to €26,197
mainly Net result for the year (+€30,823) and Depreciation (+€17,362)
- Tangible fixed assets -€10,247
down €10,247 (-10.9%), from €94,272 to €84,026
of which Other tangible fixed assets: -€6,711
- Stocks and contracts +€3,551
up €3,551 (+49.9%), from €7,112 to €10,662
- Receivables within one year -€3,442
down €3,442 (-46.9%), from €7,343 to €3,901
of which Other amounts receivable: -€3,314
- Intangible fixed assets -€2,000
down €2,000 (-31.6%), from €6,323 to €4,323
- Profit (loss) carried forward +€26,977
up €26,977, from -€26,977 to €0
- Debts after one year -€21,456
down €21,456 (-27.8%), from €77,254 to €55,798
- Current portion of long-term debt -€6,802
down €6,802 (-24.1%), from €28,258 to €21,456
- Reserves +€3,846
new in 2025: €3,846
- Other debts +€1,759
up €1,759 (+56.7%), from €3,100 to €4,859
- Gross operating margin +€66,781
up €66,781 (+51.1%), from €130,716 to €197,497
- Staff costs +€19,414
up €19,414 (+18.1%), from €107,058 to €126,473
- Financial charges +€7,542
up €7,542 (+127.9%), from €5,898 to €13,440
- Taxes +€2,957
new in 2025: €2,957
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 | €131,641 | €134,580 | +€2,939 | +2.2% |
| Fixed assets | 21/28 | €101,046 | €88,799 | -€12,247 | -12.1% |
| Intangible fixed assets | 21 | €6,323 | €4,323 | -€2,000 | -31.6% |
| Tangible fixed assets | 22/27 | €94,272 | €84,026 | -€10,247 | -10.9% |
| Plant, machinery and equipment | 23 | €8,399 | €8,059 | -€340 | -4.0% |
| Furniture and vehicles | 24 | €11,150 | €7,954 | -€3,196 | -28.7% |
| Other tangible fixed assets | 26 | €74,724 | €68,013 | -€6,711 | -9.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €30,595 | €45,780 | +€15,186 | +49.6% |
| Amounts receivable after more than one year | 29 | €323 | €0 | -€323 | -100.0% |
| Other amounts receivable | 291 | €323 | €0 | -€323 | -100.0% |
| Stocks and contracts in progress | 3 | €7,112 | €10,662 | +€3,551 | +49.9% |
| Stocks | 30/36 | €7,112 | €10,662 | +€3,551 | +49.9% |
| Amounts receivable within one year | 40/41 | €7,343 | €3,901 | -€3,442 | -46.9% |
| Trade receivables | 40 | €269 | €140 | -€128 | -47.7% |
| Other amounts receivable | 41 | €7,075 | €3,761 | -€3,314 | -46.8% |
| Cash at bank and in hand | 54/58 | €11,120 | €26,197 | +€15,077 | +135.6% |
| Deferred charges and accrued income | 490/1 | €4,697 | €5,020 | +€323 | +6.9% |
| Total equity and liabilities | 10/49 | €131,641 | €134,580 | +€2,939 | +2.2% |
| Equity | 10/15 | -€21,977 | €8,846 | +€30,823 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €3,846 | +€3,846 | |
| Distributable reserves | 133 | - | €3,846 | +€3,846 | |
| Profit (loss) carried forward | 14 | -€26,977 | €0 | +€26,977 | |
| Amounts payable | 17/49 | €153,618 | €125,734 | -€27,884 | -18.2% |
| Amounts payable after more than one year | 17 | €77,254 | €55,798 | -€21,456 | -27.8% |
| Financial debts | 170/4 | €77,254 | €55,798 | -€21,456 | -27.8% |
| Amounts payable within one year | 42/48 | €75,320 | €68,470 | -€6,850 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €28,258 | €21,456 | -€6,802 | -24.1% |
| Trade debts | 44 | €16,295 | €15,192 | -€1,103 | -6.8% |
| Suppliers | 440/4 | €16,295 | €15,192 | -€1,103 | -6.8% |
| Taxes, remuneration and social security | 45 | €27,667 | €26,962 | -€704 | -2.5% |
| Taxes | 450/3 | €9,715 | €14,081 | +€4,366 | +44.9% |
| Remuneration and social security | 454/9 | €17,952 | €12,882 | -€5,070 | -28.2% |
| Other amounts payable | 47/48 | €3,100 | €4,859 | +€1,759 | +56.7% |
| Accrued charges and deferred income | 492/3 | €1,044 | €1,466 | +€423 | +40.5% |
| Remuneration, social security and pensions | 62 | €107,058 | €126,473 | +€19,414 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,523 | €17,362 | +€839 | +5.1% |
| Other operating charges | 640/8 | €7,694 | €6,633 | -€1,061 | -13.8% |
| Gross operating margin | 9900 | €130,716 | €197,497 | +€66,781 | +51.1% |
| Operating profit (loss) | 9901 | -€559 | €47,029 | +€47,588 | |
| Financial income | 75/76B | €178 | €190 | +€12 | +6.7% |
| Recurring financial income | 75 | €178 | €190 | +€12 | +6.7% |
| Financial charges | 65/66B | €5,898 | €13,440 | +€7,542 | +127.9% |
| Recurring financial charges | 65 | €5,898 | €13,440 | +€7,542 | +127.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,278 | €33,780 | +€40,058 | |
| Income taxes | 67/77 | - | €2,957 | +€2,957 | |
| Profit (loss) for the period | 9904 | -€6,278 | €30,823 | +€37,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,278 | €30,823 | +€37,101 |
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 1 October 2026 via checked.be.