TigerFence: 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.
TigerFence
Largest movements
- Cash +€17,991
new in 2025: €17,991
mainly Trade debts (+€17,297) and Advances received (+€14,453)
- Current investments -€9,426
no longer reported in 2025 (was €9,426)
- Receivables within one year +€7,673
up €7,673 (+173.2%), from €4,430 to €12,103
of which Trade receivables: +€9,139
- Intangible fixed assets +€5,315
new in 2025: €5,315
- Deferred charges and accrued income -€3,118
down €3,118 (-96.9%), from €3,217 to €99
- Profit (loss) carried forward -€23,871
down €23,871 (-340.8%), from -€7,004 to -€30,875
- Trade debts +€17,297
up €17,297 (+537.7%), from €3,217 to €20,514
- Advances received +€14,453
new in 2025: €14,453
- Tax, wage and social debts +€7,295
new in 2025: €7,295
- Other debts +€6,122
up €6,122 (+51.0%), from €12,000 to €18,122
- Gross operating margin -€14,623
down €14,623 (-210.8%), from -€6,938 to -€21,561
- Depreciation +€1,735
new in 2025: €1,735
- Other operating charges +€505
up €505 (+3155.5%), from €16 to €521
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.
Cash bridge derived
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 | €17,073 | €35,508 | +€18,435 | +108.0% |
| Fixed assets | 21/28 | - | €5,315 | +€5,315 | |
| Intangible fixed assets | 21 | - | €5,315 | +€5,315 | |
| Current assets | 29/58 | €17,073 | €30,194 | +€13,121 | +76.9% |
| Amounts receivable within one year | 40/41 | €4,430 | €12,103 | +€7,673 | +173.2% |
| Trade receivables | 40 | €2,964 | €12,103 | +€9,139 | +308.3% |
| Other amounts receivable | 41 | €1,466 | - | -€1,466 | |
| Current investments | 50/53 | €9,426 | - | -€9,426 | |
| Cash at bank and in hand | 54/58 | - | €17,991 | +€17,991 | |
| Deferred charges and accrued income | 490/1 | €3,217 | €99 | -€3,118 | -96.9% |
| Total equity and liabilities | 10/49 | €17,073 | €35,508 | +€18,435 | +108.0% |
| Equity | 10/15 | -€1,004 | -€24,875 | -€23,871 | -2377.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,004 | -€30,875 | -€23,871 | -340.8% |
| Amounts payable | 17/49 | €18,077 | €60,384 | +€42,307 | +234.0% |
| Amounts payable within one year | 42/48 | €15,217 | €60,384 | +€45,167 | +296.8% |
| Trade debts | 44 | €3,217 | €20,514 | +€17,297 | +537.7% |
| Suppliers | 440/4 | €3,217 | €20,514 | +€17,297 | +537.7% |
| Advances received on contracts in progress | 46 | - | €14,453 | +€14,453 | |
| Taxes, remuneration and social security | 45 | - | €7,295 | +€7,295 | |
| Taxes | 450/3 | - | €7,295 | +€7,295 | |
| Other amounts payable | 47/48 | €12,000 | €18,122 | +€6,122 | +51.0% |
| Accrued charges and deferred income | 492/3 | €2,860 | - | -€2,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,735 | +€1,735 | |
| Other operating charges | 640/8 | €16 | €521 | +€505 | +3155.5% |
| Gross operating margin | 9900 | -€6,938 | -€21,561 | -€14,623 | -210.8% |
| Operating profit (loss) | 9901 | -€6,954 | -€23,818 | -€16,864 | -242.5% |
| Financial charges | 65/66B | €50 | €54 | +€4 | +8.0% |
| Recurring financial charges | 65 | €50 | €54 | +€4 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,004 | -€23,872 | -€16,868 | -240.8% |
| Profit (loss) for the period | 9904 | -€7,004 | -€23,872 | -€16,868 | -240.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,004 | -€23,872 | -€16,868 | -240.8% |
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 2 October 2026 via checked.be.