TIGEAM: 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.
TIGEAM
Largest movements
- Tangible fixed assets +€36,161
up €36,161 (+175%), from €20,609 to €56,770
of which Plant, machinery and equipment: +€38,957
- Stocks and contracts +€23,261
up €23,261 (+20.8%), from €111,778 to €135,039
- Cash +€13,410
up €13,410 (+27.5%), from €48,779 to €62,189
mainly Short-term financial debts (+€50,000) and Depreciation (+€10,924)
- Receivables within one year -€5,206
down €5,206 (-15.7%), from €33,218 to €28,012
of which Trade receivables: -€5,685
- Short-term financial debts +€50,000
new in 2025: €50,000
- Profit (loss) carried forward +€9,663
up €9,663 (+16.0%), from €60,476 to €70,139
- Other debts +€8,119
up €8,119 (+29.0%), from €27,982 to €36,101
- Trade debts -€5,759
down €5,759 (-6.9%), from €83,006 to €77,247
- Tax, wage and social debts +€4,525
up €4,525 (+23.7%), from €19,075 to €23,600
of which Remuneration and social security: +€3,950
- Turnover +€41,669
up €41,669 (+5.7%), from €725,981 to €767,650
- Gross operating margin +€21,833
up €21,833 (+12.1%), from €180,735 to €202,568
- Purchases and services +€19,359
up €19,359 (+3.5%), from €551,758 to €571,117
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 | €214,674 | €282,300 | +€67,626 | +31.5% |
| Fixed assets | 21/28 | €20,899 | €57,060 | +€36,161 | +173% |
| Tangible fixed assets | 22/27 | €20,609 | €56,770 | +€36,161 | +175% |
| Plant, machinery and equipment | 23 | €13,785 | €52,742 | +€38,957 | +283% |
| Furniture and vehicles | 24 | €6,824 | €4,028 | -€2,796 | -41.0% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €193,775 | €225,240 | +€31,465 | +16.2% |
| Stocks and contracts in progress | 3 | €111,778 | €135,039 | +€23,261 | +20.8% |
| Stocks | 30/36 | €111,778 | €135,039 | +€23,261 | +20.8% |
| Amounts receivable within one year | 40/41 | €33,218 | €28,012 | -€5,206 | -15.7% |
| Trade receivables | 40 | €32,692 | €27,007 | -€5,685 | -17.4% |
| Other amounts receivable | 41 | €526 | €1,005 | +€479 | +91.1% |
| Cash at bank and in hand | 54/58 | €48,779 | €62,189 | +€13,410 | +27.5% |
| Total equity and liabilities | 10/49 | €214,674 | €282,300 | +€67,626 | +31.5% |
| Equity | 10/15 | €84,611 | €94,274 | +€9,663 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,535 | €5,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,675 | €3,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,476 | €70,139 | +€9,663 | +16.0% |
| Amounts payable | 17/49 | €130,063 | €188,026 | +€57,963 | +44.6% |
| Amounts payable within one year | 42/48 | €130,063 | €186,948 | +€56,885 | +43.7% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Other loans | 439 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €83,006 | €77,247 | -€5,759 | -6.9% |
| Suppliers | 440/4 | €83,006 | €77,247 | -€5,759 | -6.9% |
| Taxes, remuneration and social security | 45 | €19,075 | €23,600 | +€4,525 | +23.7% |
| Taxes | 450/3 | €18,880 | €19,455 | +€575 | +3.0% |
| Remuneration and social security | 454/9 | €195 | €4,145 | +€3,950 | +2,026% |
| Other amounts payable | 47/48 | €27,982 | €36,101 | +€8,119 | +29.0% |
| Accrued charges and deferred income | 492/3 | - | €1,078 | +€1,078 | |
| Turnover | 70 | €725,981 | €767,650 | +€41,669 | +5.7% |
| Non-recurring operating income | 76A | €6,512 | €6,035 | -€477 | -7.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €551,758 | €571,117 | +€19,359 | +3.5% |
| Remuneration, social security and pensions | 62 | €171,886 | €177,061 | +€5,175 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,312 | €10,924 | +€6,612 | +153% |
| Other operating charges | 640/8 | €33 | €82 | +€49 | +148% |
| Gross operating margin | 9900 | €180,735 | €202,568 | +€21,833 | +12.1% |
| Operating profit (loss) | 9901 | €4,504 | €14,501 | +€9,997 | +222% |
| Financial income | 75/76B | €834 | €764 | -€70 | -8.4% |
| Recurring financial income | 75 | €834 | €764 | -€70 | -8.4% |
| Financial charges | 65/66B | €873 | €2,128 | +€1,255 | +144% |
| Recurring financial charges | 65 | €873 | €2,128 | +€1,255 | +144% |
| Profit (loss) for the period before taxes | 9903 | €4,465 | €13,137 | +€8,672 | +194% |
| Income taxes | 67/77 | €1,060 | €3,474 | +€2,414 | +228% |
| Profit (loss) for the period | 9904 | €3,405 | €9,663 | +€6,258 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €3,405 | €9,663 | +€6,258 | +184% |
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 16 October 2026 via checked.be.