TIGLIO: 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.
TIGLIO
Largest movements
- Tangible fixed assets -€55,141
down €55,141 (-8.3%), from €662,168 to €607,027
of which Plant, machinery and equipment: -€32,096
- Profit (loss) carried forward -€57,341
down €57,341 (-44.3%), from -€129,416 to -€186,758
- Debts after one year -€45,984
down €45,984 (-6.2%), from €746,675 to €700,691
- Other debts +€44,291
up €44,291 (+36.7%), from €120,607 to €164,898
- Gross operating margin -€5,600
down €5,600 (-24.9%), from €22,455 to €16,855
- Depreciation -€4,856
down €4,856 (-8.1%), from €59,997 to €55,141
- Financial charges +€615
up €615 (+5.4%), from €11,296 to €11,911
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €879,550 | €820,546 | -€59,004 | -6.7% |
| Fixed assets | 21/28 | €809,668 | €754,527 | -€55,141 | -6.8% |
| Tangible fixed assets | 22/27 | €662,168 | €607,027 | -€55,141 | -8.3% |
| Land and buildings | 22 | €591,431 | €571,020 | -€20,411 | -3.5% |
| Plant, machinery and equipment | 23 | €61,510 | €29,414 | -€32,096 | -52.2% |
| Furniture and vehicles | 24 | €9,227 | €6,593 | -€2,634 | -28.5% |
| Financial fixed assets | 28 | €147,500 | €147,500 | = | 0.0% |
| Current assets | 29/58 | €69,882 | €66,019 | -€3,863 | -5.5% |
| Amounts receivable within one year | 40/41 | €68,461 | €63,411 | -€5,050 | -7.4% |
| Trade receivables | 40 | €28,500 | €28,500 | = | 0.0% |
| Other amounts receivable | 41 | €39,961 | €34,911 | -€5,050 | -12.6% |
| Cash at bank and in hand | 54/58 | €1,421 | €2,609 | +€1,187 | +83.5% |
| Total equity and liabilities | 10/49 | €879,550 | €820,546 | -€59,004 | -6.7% |
| Equity | 10/15 | -€34,456 | -€91,797 | -€57,341 | -166.4% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,416 | -€186,758 | -€57,341 | -44.3% |
| Amounts payable | 17/49 | €914,007 | €912,344 | -€1,663 | -0.2% |
| Amounts payable after more than one year | 17 | €746,675 | €700,691 | -€45,984 | -6.2% |
| Financial debts | 170/4 | €746,675 | €700,691 | -€45,984 | -6.2% |
| Amounts payable within one year | 42/48 | €167,332 | €211,653 | +€44,321 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €45,727 | €45,984 | +€257 | +0.6% |
| Trade debts | 44 | €226 | - | -€226 | |
| Suppliers | 440/4 | €226 | - | -€226 | |
| Taxes, remuneration and social security | 45 | €771 | €771 | = | 0.0% |
| Taxes | 450/3 | €771 | €771 | = | 0.0% |
| Other amounts payable | 47/48 | €120,607 | €164,898 | +€44,291 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,997 | €55,141 | -€4,856 | -8.1% |
| Other operating charges | 640/8 | €6,927 | €7,144 | +€217 | +3.1% |
| Gross operating margin | 9900 | €22,455 | €16,855 | -€5,600 | -24.9% |
| Operating profit (loss) | 9901 | -€44,469 | -€45,430 | -€962 | -2.2% |
| Financial charges | 65/66B | €11,296 | €11,911 | +€615 | +5.4% |
| Recurring financial charges | 65 | €11,296 | €11,911 | +€615 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€55,765 | -€57,341 | -€1,577 | -2.8% |
| Profit (loss) for the period | 9904 | -€55,765 | -€57,341 | -€1,577 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,765 | -€57,341 | -€1,577 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.