TIGER CONNECT: 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.
TIGER CONNECT
Largest movements
- Cash -€11,607
down €11,607 (-60.2%), from €19,289 to €7,682
mainly Other debts (-€26,398) and Investment in fixed assets (net) (-€11,768)
- Receivables within one year +€4,043
up €4,043 (+69.0%), from €5,858 to €9,902
of which Other amounts receivable: +€2,670
- Other debts -€26,398
down €26,398 (-100%), from €26,398 to €0
- Profit (loss) carried forward +€11,303
up €11,303 (+76.3%), from €14,821 to €26,125
- Current portion of long-term debt +€4,439
new in 2025: €4,439
- Debts after one year +€2,304
new in 2025: €2,304
- Trade debts +€1,709
up €1,709 (+122%), from €1,406 to €3,115
- Depreciation +€11,183
up €11,183 (+2,240%), from €499 to €11,683
- Gross operating margin +€9,545
up €9,545 (+47.1%), from €20,253 to €29,798
- Taxes +€1,063
up €1,063 (+25.5%), from €4,174 to €5,237
- Financial charges +€1,051
up €1,051 (+2,584%), from €41 to €1,091
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 | €56,511 | €48,943 | -€7,568 | -13.4% |
| Fixed assets | 21/28 | €30,892 | €30,976 | +€85 | +0.3% |
| Tangible fixed assets | 22/27 | €30,892 | €30,976 | +€85 | +0.3% |
| Furniture and vehicles | 24 | €30,892 | €21,941 | -€8,951 | -29.0% |
| Leasing and similar rights | 25 | - | €9,036 | +€9,036 | |
| Current assets | 29/58 | €25,619 | €17,966 | -€7,653 | -29.9% |
| Amounts receivable within one year | 40/41 | €5,858 | €9,902 | +€4,043 | +69.0% |
| Trade receivables | 40 | €5,850 | €7,223 | +€1,373 | +23.5% |
| Other amounts receivable | 41 | €8 | €2,679 | +€2,670 | +31,790% |
| Cash at bank and in hand | 54/58 | €19,289 | €7,682 | -€11,607 | -60.2% |
| Deferred charges and accrued income | 490/1 | €472 | €383 | -€89 | -18.9% |
| Total equity and liabilities | 10/49 | €56,511 | €48,943 | -€7,568 | -13.4% |
| Equity | 10/15 | €17,321 | €28,625 | +€11,303 | +65.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,821 | €26,125 | +€11,303 | +76.3% |
| Amounts payable | 17/49 | €39,190 | €20,318 | -€18,871 | -48.2% |
| Amounts payable after more than one year | 17 | - | €2,304 | +€2,304 | |
| Financial debts | 170/4 | - | €2,304 | +€2,304 | |
| Amounts payable within one year | 42/48 | €39,190 | €18,014 | -€21,176 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,439 | +€4,439 | |
| Trade debts | 44 | €1,406 | €3,115 | +€1,709 | +122% |
| Suppliers | 440/4 | €1,406 | €3,115 | +€1,709 | +122% |
| Taxes, remuneration and social security | 45 | €11,386 | €10,460 | -€926 | -8.1% |
| Taxes | 450/3 | €11,386 | €10,460 | -€926 | -8.1% |
| Other amounts payable | 47/48 | €26,398 | €0 | -€26,398 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €11,683 | +€11,183 | +2,240% |
| Other operating charges | 640/8 | €718 | €500 | -€218 | -30.4% |
| Gross operating margin | 9900 | €20,253 | €29,798 | +€9,545 | +47.1% |
| Operating profit (loss) | 9901 | €19,036 | €17,616 | -€1,420 | -7.5% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €41 | €1,091 | +€1,051 | +2,584% |
| Recurring financial charges | 65 | €41 | €1,091 | +€1,051 | +2,584% |
| Profit (loss) for the period before taxes | 9903 | €18,995 | €16,541 | -€2,454 | -12.9% |
| Income taxes | 67/77 | €4,174 | €5,237 | +€1,063 | +25.5% |
| Profit (loss) for the period | 9904 | €14,821 | €11,303 | -€3,518 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,821 | €11,303 | -€3,518 | -23.7% |
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 17 October 2026 via checked.be.