TIGAR: 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.
TIGAR
Largest movements
- Tangible fixed assets +€2,834
up €2,834 (+204.6%), from €1,385 to €4,219
of which Furniture and vehicles: +€1,516
- Cash +€2,438
up €2,438 (+75.7%), from €3,221 to €5,659
mainly Net result for the year (+€6,798) and Receivables within one year (+€546)
- Receivables within one year -€546
down €546 (-3.2%), from €17,111 to €16,565
of which Other amounts receivable: -€3,732
- Reserves +€6,798
up €6,798 (+169.8%), from €4,003 to €10,800
- Tax, wage and social debts -€1,051
down €1,051 (-10.6%), from €9,889 to €8,838
of which Taxes: -€3,051
- Trade debts -€1,021
down €1,021 (-25.9%), from €3,943 to €2,922
- Gross operating margin -€9,255
down €9,255 (-43.3%), from €21,387 to €12,132
- Taxes +€469
up €469 (+13.2%), from €3,564 to €4,033
- Depreciation +€226
up €226 (+107.8%), from €210 to €436
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 | €21,835 | €26,561 | +€4,726 | +21.6% |
| Fixed assets | 21/28 | €1,385 | €4,219 | +€2,834 | +204.6% |
| Tangible fixed assets | 22/27 | €1,385 | €4,219 | +€2,834 | +204.6% |
| Plant, machinery and equipment | 23 | - | €1,318 | +€1,318 | |
| Furniture and vehicles | 24 | €1,385 | €2,901 | +€1,516 | +109.5% |
| Current assets | 29/58 | €20,450 | €22,342 | +€1,892 | +9.3% |
| Amounts receivable within one year | 40/41 | €17,111 | €16,565 | -€546 | -3.2% |
| Trade receivables | 40 | €7,892 | €11,078 | +€3,186 | +40.4% |
| Other amounts receivable | 41 | €9,219 | €5,487 | -€3,732 | -40.5% |
| Cash at bank and in hand | 54/58 | €3,221 | €5,659 | +€2,438 | +75.7% |
| Deferred charges and accrued income | 490/1 | €118 | €118 | = | 0.0% |
| Total equity and liabilities | 10/49 | €21,835 | €26,561 | +€4,726 | +21.6% |
| Equity | 10/15 | €8,003 | €14,800 | +€6,798 | +84.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €4,003 | €10,800 | +€6,798 | +169.8% |
| Distributable reserves | 133 | €4,003 | €10,800 | +€6,798 | +169.8% |
| Amounts payable | 17/49 | €13,832 | €11,761 | -€2,072 | -15.0% |
| Amounts payable within one year | 42/48 | €13,832 | €11,761 | -€2,072 | -15.0% |
| Trade debts | 44 | €3,943 | €2,922 | -€1,021 | -25.9% |
| Suppliers | 440/4 | €3,943 | €2,922 | -€1,021 | -25.9% |
| Taxes, remuneration and social security | 45 | €9,889 | €8,838 | -€1,051 | -10.6% |
| Taxes | 450/3 | €9,889 | €6,838 | -€3,051 | -30.9% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €436 | +€226 | +107.8% |
| Other operating charges | 640/8 | €505 | €573 | +€67 | +13.3% |
| Gross operating margin | 9900 | €21,387 | €12,132 | -€9,255 | -43.3% |
| Operating profit (loss) | 9901 | €20,672 | €11,123 | -€9,549 | -46.2% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €149 | €326 | +€177 | +118.3% |
| Recurring financial charges | 65 | €149 | €326 | +€177 | +118.3% |
| Profit (loss) for the period before taxes | 9903 | €20,522 | €10,830 | -€9,692 | -47.2% |
| Income taxes | 67/77 | €3,564 | €4,033 | +€469 | +13.2% |
| Profit (loss) for the period | 9904 | €16,958 | €6,798 | -€10,160 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,958 | €6,798 | -€10,160 | -59.9% |
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 3 October 2026 via checked.be.