TiGiCo: 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.
TiGiCo
Largest movements
- Current investments +€145,022
up €145,022 (+237.7%), from €61,000 to €206,022
- Cash -€50,882
down €50,882 (-43.8%), from €116,078 to €65,196
mainly Current investments (-€145,022) and Trade debts (-€8,114)
- Tangible fixed assets -€16,206
down €16,206 (-10.4%), from €155,753 to €139,547
of which Land and buildings: -€17,111
- Receivables within one year -€4,205
down €4,205 (-34.1%), from €12,345 to €8,140
- Profit (loss) carried forward +€64,372
up €64,372 (+53.4%), from €120,540 to €184,912
- Tax, wage and social debts +€13,916
up €13,916 (+31.6%), from €43,987 to €57,903
- Trade debts -€8,114
down €8,114 (-82.0%), from €9,893 to €1,779
- Gross operating margin -€75,766
down €75,766 (-43.4%), from €174,686 to €98,920
- Taxes -€17,565
down €17,565 (-51.2%), from €34,281 to €16,716
- Depreciation -€1,881
down €1,881 (-9.7%), from €19,383 to €17,502
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 | €345,838 | €420,287 | +€74,449 | +21.5% |
| Fixed assets | 21/28 | €155,753 | €139,547 | -€16,206 | -10.4% |
| Tangible fixed assets | 22/27 | €155,753 | €139,547 | -€16,206 | -10.4% |
| Land and buildings | 22 | €155,418 | €138,307 | -€17,111 | -11.0% |
| Furniture and vehicles | 24 | €335 | €1,240 | +€905 | +270.1% |
| Current assets | 29/58 | €190,085 | €280,740 | +€90,655 | +47.7% |
| Amounts receivable within one year | 40/41 | €12,345 | €8,140 | -€4,205 | -34.1% |
| Trade receivables | 40 | €12,345 | €8,140 | -€4,205 | -34.1% |
| Current investments | 50/53 | €61,000 | €206,022 | +€145,022 | +237.7% |
| Cash at bank and in hand | 54/58 | €116,078 | €65,196 | -€50,882 | -43.8% |
| Deferred charges and accrued income | 490/1 | €662 | €1,382 | +€720 | +108.8% |
| Total equity and liabilities | 10/49 | €345,838 | €420,287 | +€74,449 | +21.5% |
| Equity | 10/15 | €121,040 | €185,412 | +€64,372 | +53.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,540 | €184,912 | +€64,372 | +53.4% |
| Amounts payable | 17/49 | €224,798 | €234,875 | +€10,077 | +4.5% |
| Amounts payable within one year | 42/48 | €224,257 | €232,059 | +€7,802 | +3.5% |
| Trade debts | 44 | €9,893 | €1,779 | -€8,114 | -82.0% |
| Suppliers | 440/4 | €9,893 | €1,779 | -€8,114 | -82.0% |
| Taxes, remuneration and social security | 45 | €43,987 | €57,903 | +€13,916 | +31.6% |
| Taxes | 450/3 | €43,987 | €57,903 | +€13,916 | +31.6% |
| Other amounts payable | 47/48 | €170,377 | €172,377 | +€2,000 | +1.2% |
| Accrued charges and deferred income | 492/3 | €541 | €2,816 | +€2,275 | +420.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,383 | €17,502 | -€1,881 | -9.7% |
| Other operating charges | 640/8 | €387 | €175 | -€212 | -54.8% |
| Gross operating margin | 9900 | €174,686 | €98,920 | -€75,766 | -43.4% |
| Operating profit (loss) | 9901 | €154,916 | €81,243 | -€73,673 | -47.6% |
| Financial income | 75/76B | €10 | €968 | +€958 | +9580.0% |
| Recurring financial income | 75 | €10 | €968 | +€958 | +9580.0% |
| Financial charges | 65/66B | €105 | €1,123 | +€1,018 | +969.5% |
| Recurring financial charges | 65 | €105 | €1,123 | +€1,018 | +969.5% |
| Profit (loss) for the period before taxes | 9903 | €154,821 | €81,088 | -€73,733 | -47.6% |
| Income taxes | 67/77 | €34,281 | €16,716 | -€17,565 | -51.2% |
| Profit (loss) for the period | 9904 | €120,540 | €64,372 | -€56,168 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,540 | €64,372 | -€56,168 | -46.6% |
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 5 October 2026 via checked.be.