TIGE PROJECTS: 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.
TIGE PROJECTS
Largest movements
- Cash +€18,877
up €18,877 (+19.3%), from €97,577 to €116,453
mainly Net result for the year (+€36,843) and Depreciation (+€14,253)
- Tangible fixed assets -€13,376
down €13,376 (-9.3%), from €143,308 to €129,932
of which Land and buildings: -€7,213
- Receivables within one year -€3,365
down €3,365 (-9.0%), from €37,436 to €34,071
of which Other amounts receivable: -€2,604
- Reserves +€12,972
up €12,972 (+8.9%), from €145,668 to €158,640
of which Distributable reserves: +€12,972
- Debts after one year -€10,930
down €10,930 (-11.5%), from €95,382 to €84,451
- Depreciation -€10,536
down €10,536 (-42.5%), from €24,789 to €14,253
- Taxes +€4,343
up €4,343 (+38.8%), from €11,198 to €15,540
- Gross operating margin +€3,792
up €3,792 (+5.6%), from €67,198 to €70,990
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 | €278,803 | €281,711 | +€2,908 | +1.0% |
| Fixed assets | 21/28 | €143,308 | €129,932 | -€13,376 | -9.3% |
| Tangible fixed assets | 22/27 | €143,308 | €129,932 | -€13,376 | -9.3% |
| Land and buildings | 22 | €133,338 | €126,125 | -€7,213 | -5.4% |
| Furniture and vehicles | 24 | €9,970 | €3,807 | -€6,163 | -61.8% |
| Current assets | 29/58 | €135,495 | €151,779 | +€16,284 | +12.0% |
| Amounts receivable within one year | 40/41 | €37,436 | €34,071 | -€3,365 | -9.0% |
| Trade receivables | 40 | €34,831 | €34,071 | -€760 | -2.2% |
| Other amounts receivable | 41 | €2,604 | - | -€2,604 | |
| Cash at bank and in hand | 54/58 | €97,577 | €116,453 | +€18,877 | +19.3% |
| Deferred charges and accrued income | 490/1 | €483 | €1,255 | +€772 | +160% |
| Total equity and liabilities | 10/49 | €278,803 | €281,711 | +€2,908 | +1.0% |
| Equity | 10/15 | €165,132 | €178,105 | +€12,972 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,668 | €158,640 | +€12,972 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €143,808 | €156,780 | +€12,972 | +9.0% |
| Profit (loss) carried forward | 14 | €865 | €865 | = | 0.0% |
| Amounts payable | 17/49 | €113,671 | €103,606 | -€10,064 | -8.9% |
| Amounts payable after more than one year | 17 | €95,382 | €84,451 | -€10,930 | -11.5% |
| Financial debts | 170/4 | €95,382 | €84,451 | -€10,930 | -11.5% |
| Amounts payable within one year | 42/48 | €17,957 | €18,798 | +€841 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €10,487 | €10,930 | +€444 | +4.2% |
| Trade debts | 44 | €2,080 | - | -€2,080 | |
| Suppliers | 440/4 | €2,080 | - | -€2,080 | |
| Taxes, remuneration and social security | 45 | €5,358 | €7,835 | +€2,477 | +46.2% |
| Taxes | 450/3 | €5,358 | €7,835 | +€2,477 | +46.2% |
| Other amounts payable | 47/48 | €33 | €33 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €332 | €357 | +€25 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,789 | €14,253 | -€10,536 | -42.5% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €67,198 | €70,990 | +€3,792 | +5.6% |
| Operating profit (loss) | 9901 | €41,895 | €56,209 | +€14,313 | +34.2% |
| Financial income | 75/76B | €219 | €511 | +€293 | +134% |
| Recurring financial income | 75 | €219 | €511 | +€293 | +134% |
| Financial charges | 65/66B | €4,764 | €4,337 | -€426 | -9.0% |
| Recurring financial charges | 65 | €4,764 | €4,337 | -€426 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €37,351 | €52,383 | +€15,032 | +40.2% |
| Income taxes | 67/77 | €11,198 | €15,540 | +€4,343 | +38.8% |
| Profit (loss) for the period | 9904 | €26,153 | €36,843 | +€10,690 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,153 | €36,843 | +€10,690 | +40.9% |
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 24 October 2026 via checked.be.