TIGER GROUP: 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 GROUP
Largest movements
- Cash -€226,555
down €226,555 (-97.8%), from €231,559 to €5,005
mainly Other debts (-€91,350) and Receivables within one year (-€59,364)
- Receivables within one year +€59,364
up €59,364 (+15.4%), from €385,747 to €445,111
of which Other amounts receivable: +€57,931
- Stocks and contracts -€25,521
down €25,521 (-3.3%), from €783,804 to €758,283
- Other debts -€91,350
down €91,350 (-89.9%), from €101,598 to €10,248
- Short-term financial debts -€54,802
down €54,802 (-11.5%), from €478,356 to €423,554
- Profit (loss) carried forward -€40,198
down €40,198 (-4.6%), from €877,451 to €837,253
- Tax, wage and social debts -€16,563
down €16,563 (-27.7%), from €59,786 to €43,223
of which Taxes: -€16,563
- Gross operating margin +€46,246
up €46,246 (+98.2%), from -€47,078 to -€832
- Other operating charges -€35,017
down €35,017 (-86.8%), from €40,348 to €5,332
- Financial charges +€1,676
up €1,676 (+6.4%), from €26,194 to €27,870
- Financial income -€845
down €845 (-18.0%), from €4,708 to €3,863
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,548,169 | €1,345,440 | -€202,729 | -13.1% |
| Fixed assets | 21/28 | €146,805 | €136,274 | -€10,531 | -7.2% |
| Tangible fixed assets | 22/27 | €145,255 | €136,274 | -€8,981 | -6.2% |
| Land and buildings | 22 | €110,838 | €107,862 | -€2,976 | -2.7% |
| Plant, machinery and equipment | 23 | €34,337 | €28,382 | -€5,954 | -17.3% |
| Furniture and vehicles | 24 | €81 | €29 | -€51 | -63.6% |
| Financial fixed assets | 28 | €1,550 | - | -€1,550 | |
| Current assets | 29/58 | €1,401,363 | €1,209,166 | -€192,198 | -13.7% |
| Stocks and contracts in progress | 3 | €783,804 | €758,283 | -€25,521 | -3.3% |
| Stocks | 30/36 | €783,804 | €758,283 | -€25,521 | -3.3% |
| Amounts receivable within one year | 40/41 | €385,747 | €445,111 | +€59,364 | +15.4% |
| Trade receivables | 40 | - | €1,434 | +€1,434 | |
| Other amounts receivable | 41 | €385,747 | €443,677 | +€57,931 | +15.0% |
| Cash at bank and in hand | 54/58 | €231,559 | €5,005 | -€226,555 | -97.8% |
| Deferred charges and accrued income | 490/1 | €254 | €767 | +€514 | +202.5% |
| Total equity and liabilities | 10/49 | €1,548,169 | €1,345,440 | -€202,729 | -13.1% |
| Equity | 10/15 | €897,911 | €857,713 | -€40,198 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €877,451 | €837,253 | -€40,198 | -4.6% |
| Amounts payable | 17/49 | €650,257 | €487,727 | -€162,531 | -25.0% |
| Amounts payable within one year | 42/48 | €644,764 | €481,423 | -€163,340 | -25.3% |
| Financial debts | 43 | €478,356 | €423,554 | -€54,802 | -11.5% |
| Credit institutions | 430/8 | €478,356 | €423,554 | -€54,802 | -11.5% |
| Trade debts | 44 | €5,023 | €4,398 | -€625 | -12.4% |
| Suppliers | 440/4 | €5,023 | €4,398 | -€625 | -12.4% |
| Taxes, remuneration and social security | 45 | €59,786 | €43,223 | -€16,563 | -27.7% |
| Taxes | 450/3 | €26,563 | €10,000 | -€16,563 | -62.4% |
| Remuneration and social security | 454/9 | €33,223 | €33,223 | = | 0.0% |
| Other amounts payable | 47/48 | €101,598 | €10,248 | -€91,350 | -89.9% |
| Accrued charges and deferred income | 492/3 | €5,494 | €6,303 | +€810 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,101 | €8,981 | -€120 | -1.3% |
| Other operating charges | 640/8 | €40,348 | €5,332 | -€35,017 | -86.8% |
| Non-recurring operating charges | 66A | - | €1,047 | +€1,047 | |
| Gross operating margin | 9900 | -€47,078 | -€832 | +€46,246 | +98.2% |
| Operating profit (loss) | 9901 | -€96,527 | -€16,191 | +€80,336 | +83.2% |
| Financial income | 75/76B | €4,708 | €3,863 | -€845 | -18.0% |
| Recurring financial income | 75 | €4,708 | €3,863 | -€845 | -18.0% |
| Financial charges | 65/66B | €26,194 | €27,870 | +€1,676 | +6.4% |
| Recurring financial charges | 65 | €26,194 | €27,870 | +€1,676 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€118,012 | -€40,198 | +€77,814 | +65.9% |
| Income taxes | 67/77 | €249 | - | -€249 | |
| Profit (loss) for the period | 9904 | -€118,262 | -€40,198 | +€78,063 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,262 | -€40,198 | +€78,063 | +66.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.