TIGER HOLDINGS: what changed
TIGER HOLDINGS
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+64.7%), from €1.8m to €3.0m
of which Other amounts receivable: +€1.2m
- Cash -€575,336
down €575,336 (-96.0%), from €599,478 to €24,143
mainly Receivables within one year (-€1.2m) and Contributions, distributions and other (-€450,000)
- Deferred charges and accrued income -€41,608
down €41,608 (-45.4%), from €91,608 to €50,000
- Other debts +€907,861
up €907,861 (+41.0%), from €2.2m to €3.1m
- Profit (loss) carried forward -€241,655
down €241,655 (-35.4%), from €682,402 to €440,747
- Accrued charges and deferred income -€93,520
down €93,520 (-100%), from €93,520 to €0
- Contributions -€62,500
down €62,500 (-25.0%), from €250,000 to €187,500
- Tax, wage and social debts +€58,125
new in 2025: €58,125
- Financial income -€651,396
down €651,396 (-81.5%), from €799,408 to €148,011
- Financial charges -€83,068
down €83,068 (-67.5%), from €123,013 to €39,944
- Gross operating margin +€39,514
up €39,514, from -€1,736 to €37,777
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,239,099 | €3,807,886 | +€568,787 | +17.6% |
| Fixed assets | 21/28 | €715,200 | €715,201 | +€1 | 0.0% |
| Financial fixed assets | 28 | €715,200 | €715,201 | +€1 | 0.0% |
| Current assets | 29/58 | €2,523,899 | €3,092,685 | +€568,786 | +22.5% |
| Amounts receivable within one year | 40/41 | €1,832,812 | €3,018,542 | +€1.2m | +64.7% |
| Trade receivables | 40 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,822,812 | €3,008,542 | +€1.2m | +65.0% |
| Cash at bank and in hand | 54/58 | €599,478 | €24,143 | -€575,336 | -96.0% |
| Deferred charges and accrued income | 490/1 | €91,608 | €50,000 | -€41,608 | -45.4% |
| Total equity and liabilities | 10/49 | €3,239,099 | €3,807,886 | +€568,787 | +17.6% |
| Equity | 10/15 | €932,402 | €628,247 | -€304,155 | -32.6% |
| Contributions | 10/11 | €250,000 | €187,500 | -€62,500 | -25.0% |
| Capital | 10 | €250,000 | €187,500 | -€62,500 | -25.0% |
| Issued capital | 100 | €250,000 | €187,500 | -€62,500 | -25.0% |
| Profit (loss) carried forward | 14 | €682,402 | €440,747 | -€241,655 | -35.4% |
| Amounts payable | 17/49 | €2,306,696 | €3,179,639 | +€872,943 | +37.8% |
| Amounts payable within one year | 42/48 | €2,213,176 | €3,179,639 | +€966,463 | +43.7% |
| Trade debts | 44 | €678 | €1,155 | +€477 | +70.4% |
| Suppliers | 440/4 | €678 | €1,155 | +€477 | +70.4% |
| Taxes, remuneration and social security | 45 | - | €58,125 | +€58,125 | |
| Taxes | 450/3 | - | €58,125 | +€58,125 | |
| Other amounts payable | 47/48 | €2,212,498 | €3,120,359 | +€907,861 | +41.0% |
| Accrued charges and deferred income | 492/3 | €93,520 | €0 | -€93,520 | -100% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€1,736 | €37,777 | +€39,514 | |
| Operating profit (loss) | 9901 | -€1,736 | €37,777 | +€39,514 | |
| Financial income | 75/76B | €799,408 | €148,011 | -€651,396 | -81.5% |
| Recurring financial income | 75 | €799,408 | €148,011 | -€651,396 | -81.5% |
| Financial charges | 65/66B | €123,013 | €39,944 | -€83,068 | -67.5% |
| Recurring financial charges | 65 | €123,013 | €39,944 | -€83,068 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €674,659 | €145,845 | -€528,814 | -78.4% |
| Profit (loss) for the period | 9904 | €674,659 | €145,845 | -€528,814 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €674,659 | €145,845 | -€528,814 | -78.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.