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TIGER FLY: 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.

What changed

TIGER FLY

BE 0465.427.279
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,884
2024 · -€9,282+€398
Equity
-€27,677
2024 · -€18,793-€8,884
Cash
€2,222
2024 · €1,183+€1,039
Balance sheet total
€209,644
2024 · €215,906-€6,262

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€7,320

    down €7,320 (-4.6%), from €158,600 to €151,280

Equity and liabilities
  • Tax, wage and social debts +€171,564

    new in 2025: €171,564

  • Other debts -€169,077

    no longer reported in 2025 (was €169,077)

  • Profit (loss) carried forward -€8,884

    down €8,884 (-30.3%), from -€29,349 to -€38,233

Income statement
  • Gross operating margin +€454

    up €454 (+237.5%), from €191 to €645

  • Other operating charges +€76

    up €76 (+4.3%), from €1,782 to €1,858

  • Financial charges -€20

    down €20 (-5.2%), from €376 to €356

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€9,282
Gross operating margin +€454
Other operating charges -€76
Financial income +€0
Financial charges +€20
Result 2025 -€8,884

Cash bridge derived

cash 2024 to 2025

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.

From operations +€1,055
Investment €0
Financing -€16
Cash 2024 €1,183
Net result for the year -€8,884
Depreciation +€7,320
Smaller working-capital items +€132
Tax, wage and social debts +€171,564
Other debts -€169,077
Short-term financial debts -€16
Cash 2025 €2,222
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €215,906 €209,644 -€6,262 -2.9%
Fixed assets 21/28 €158,600 €151,280 -€7,320 -4.6%
Tangible fixed assets 22/27 €158,600 €151,280 -€7,320 -4.6%
Land and buildings 22 €158,600 €151,280 -€7,320 -4.6%
Current assets 29/58 €57,306 €58,364 +€1,058 +1.8%
Amounts receivable within one year 40/41 €55,699 €55,699 = 0.0%
Other amounts receivable 41 €55,699 €55,699 = 0.0%
Cash at bank and in hand 54/58 €1,183 €2,222 +€1,039 +87.8%
Deferred charges and accrued income 490/1 €424 €443 +€19 +4.4%
Total equity and liabilities 10/49 €215,906 €209,644 -€6,262 -2.9%
Equity 10/15 -€18,793 -€27,677 -€8,884 -47.3%
Contributions 10/11 €8,697 €8,697 = 0.0%
Reserves 13 €1,859 €1,859 = 0.0%
Non-distributable reserves 130/1 €1,859 €1,859 = 0.0%
Reserves not available under the articles 1311 €1,859 €1,859 = 0.0%
Profit (loss) carried forward 14 -€29,349 -€38,233 -€8,884 -30.3%
Amounts payable 17/49 €234,699 €237,320 +€2,622 +1.1%
Amounts payable after more than one year 17 €62,428 €62,428 = 0.0%
Other amounts payable 178/9 €62,428 €62,428 = 0.0%
Amounts payable within one year 42/48 €171,884 €174,193 +€2,310 +1.3%
Financial debts 43 €16 - -€16
Credit institutions 430/8 €16 - -€16
Trade debts 44 €2,791 €2,629 -€162 -5.8%
Suppliers 440/4 €2,791 €2,629 -€162 -5.8%
Taxes, remuneration and social security 45 - €171,564 +€171,564
Remuneration and social security 454/9 - €171,564 +€171,564
Other amounts payable 47/48 €169,077 - -€169,077
Accrued charges and deferred income 492/3 €387 €700 +€312 +80.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,320 €7,320 = 0.0%
Other operating charges 640/8 €1,782 €1,858 +€76 +4.3%
Gross operating margin 9900 €191 €645 +€454 +237.5%
Operating profit (loss) 9901 -€8,911 -€8,533 +€378 +4.2%
Financial income 75/76B €7 €7 +€0 +0.4%
Recurring financial income 75 €7 €7 +€0 +0.4%
Financial charges 65/66B €376 €356 -€20 -5.2%
Recurring financial charges 65 €376 €356 -€20 -5.2%
Profit (loss) for the period before taxes 9903 -€9,280 -€8,882 +€398 +4.3%
Income taxes 67/77 €2 €2 = 0.0%
Profit (loss) for the period 9904 -€9,282 -€8,884 +€398 +4.3%
Profit (loss) for the period to be appropriated 9905 -€9,282 -€8,884 +€398 +4.3%

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 7 October 2026 via checked.be.