TIGA-R: 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.
TIGA-R
Largest movements
- Current investments +€103,061
up €103,061 (+4.2%), from €2.4m to €2.5m
- Cash +€100,728
up €100,728 (+63.9%), from €157,592 to €258,320
mainly Net result for the year (+€204,819) and Other debts (+€10,899)
- Reserves +€204,819
up €204,819 (+3.2%), from €6.3m to €6.5m
of which Distributable reserves: +€204,819
- Financial income +€55,068
up €55,068 (+80.1%), from €68,709 to €123,777
- Gross operating margin +€26,372
up €26,372 (+23.8%), from €110,696 to €137,068
- Depreciation -€7,198
down €7,198 (-54.9%), from €13,107 to €5,909
- Taxes +€4,685
up €4,685 (+9.1%), from €51,684 to €56,369
- Financial charges -€2,941
down €2,941 (-32.0%), from -€9,186 to -€12,127
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 | €7,131,555 | €7,344,706 | +€213,151 | +3.0% |
| Fixed assets | 21/28 | €4,487,938 | €4,482,029 | -€5,909 | -0.1% |
| Tangible fixed assets | 22/27 | €16,290 | €10,381 | -€5,909 | -36.3% |
| Furniture and vehicles | 24 | €16,290 | €10,381 | -€5,909 | -36.3% |
| Financial fixed assets | 28 | €4,471,648 | €4,471,648 | = | 0.0% |
| Current assets | 29/58 | €2,643,618 | €2,862,678 | +€219,060 | +8.3% |
| Amounts receivable after more than one year | 29 | €35,940 | €35,940 | = | 0.0% |
| Other amounts receivable | 291 | €35,940 | €35,940 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €960 | €16,270 | +€15,310 | +1594.3% |
| Trade receivables | 40 | €960 | €7,435 | +€6,475 | +674.3% |
| Other amounts receivable | 41 | - | €8,835 | +€8,835 | |
| Current investments | 50/53 | €2,443,604 | €2,546,665 | +€103,061 | +4.2% |
| Cash at bank and in hand | 54/58 | €157,592 | €258,320 | +€100,728 | +63.9% |
| Deferred charges and accrued income | 490/1 | €5,521 | €5,483 | -€38 | -0.7% |
| Total equity and liabilities | 10/49 | €7,131,555 | €7,344,706 | +€213,151 | +3.0% |
| Equity | 10/15 | €6,903,434 | €7,108,253 | +€204,819 | +3.0% |
| Contributions | 10/11 | €580,000 | €580,000 | = | 0.0% |
| Capital | 10 | €580,000 | €580,000 | = | 0.0% |
| Issued capital | 100 | €580,000 | €580,000 | = | 0.0% |
| Reserves | 13 | €6,323,434 | €6,528,253 | +€204,819 | +3.2% |
| Non-distributable reserves | 130/1 | €88,000 | €88,000 | = | 0.0% |
| Legal reserve | 130 | €88,000 | €88,000 | = | 0.0% |
| Distributable reserves | 133 | €6,235,434 | €6,440,253 | +€204,819 | +3.3% |
| Amounts payable | 17/49 | €228,122 | €236,453 | +€8,332 | +3.7% |
| Amounts payable within one year | 42/48 | €228,060 | €236,391 | +€8,332 | +3.7% |
| Trade debts | 44 | €6,346 | €6,495 | +€149 | +2.4% |
| Suppliers | 440/4 | €6,346 | €6,495 | +€149 | +2.4% |
| Advances received on contracts in progress | 46 | €140 | €503 | +€363 | +259.2% |
| Taxes, remuneration and social security | 45 | €22,201 | €19,121 | -€3,079 | -13.9% |
| Taxes | 450/3 | €22,201 | €19,121 | -€3,079 | -13.9% |
| Other amounts payable | 47/48 | €199,373 | €210,272 | +€10,899 | +5.5% |
| Accrued charges and deferred income | 492/3 | €62 | €62 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,107 | €5,909 | -€7,198 | -54.9% |
| Other operating charges | 640/8 | €5,886 | €5,875 | -€11 | -0.2% |
| Gross operating margin | 9900 | €110,696 | €137,068 | +€26,372 | +23.8% |
| Operating profit (loss) | 9901 | €91,703 | €125,284 | +€33,582 | +36.6% |
| Financial income | 75/76B | €68,709 | €123,777 | +€55,068 | +80.1% |
| Recurring financial income | 75 | €68,709 | €123,777 | +€55,068 | +80.1% |
| Financial charges | 65/66B | -€9,186 | -€12,127 | -€2,941 | -32.0% |
| Recurring financial charges | 65 | -€9,186 | -€12,127 | -€2,941 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €169,597 | €261,188 | +€91,591 | +54.0% |
| Income taxes | 67/77 | €51,684 | €56,369 | +€4,685 | +9.1% |
| Profit (loss) for the period | 9904 | €117,914 | €204,819 | +€86,906 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €117,914 | €204,819 | +€86,906 | +73.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.