TIGMA: 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.
TIGMA
Largest movements
- Cash +€627,854
up €627,854 (+52.6%), from €1.2m to €1.8m
mainly Net result for the year (+€551,817) and Tax, wage and social debts (+€103,501)
- Receivables within one year +€31,716
up €31,716 (+7.1%), from €444,861 to €476,577
of which Trade receivables: +€34,379
- Reserves +€549,015
up €549,015 (+32.4%), from €1.7m to €2.2m
of which Distributable reserves: +€549,032
- Tax, wage and social debts +€103,501
new in 2025: €103,501
- Gross operating margin +€337,173
up €337,173 (+70.0%), from €481,624 to €818,797
- Taxes +€106,644
up €106,644 (+72.6%), from €146,840 to €253,484
- Depreciation +€9,211
up €9,211 (+139.6%), from €6,596 to €15,807
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 | €1,707,028 | €2,354,246 | +€647,218 | +37.9% |
| Fixed assets | 21/28 | €66,463 | €50,657 | -€15,807 | -23.8% |
| Tangible fixed assets | 22/27 | €66,463 | €50,657 | -€15,807 | -23.8% |
| Plant, machinery and equipment | 23 | €5,863 | €4,046 | -€1,817 | -31.0% |
| Furniture and vehicles | 24 | €60,601 | €46,611 | -€13,990 | -23.1% |
| Current assets | 29/58 | €1,640,565 | €2,303,589 | +€663,024 | +40.4% |
| Amounts receivable within one year | 40/41 | €444,861 | €476,577 | +€31,716 | +7.1% |
| Trade receivables | 40 | €212,294 | €246,673 | +€34,379 | +16.2% |
| Other amounts receivable | 41 | €232,567 | €229,904 | -€2,664 | -1.1% |
| Cash at bank and in hand | 54/58 | €1,193,179 | €1,821,033 | +€627,854 | +52.6% |
| Deferred charges and accrued income | 490/1 | €2,525 | €5,979 | +€3,455 | +136.8% |
| Total equity and liabilities | 10/49 | €1,707,028 | €2,354,246 | +€647,218 | +37.9% |
| Equity | 10/15 | €1,692,742 | €2,241,757 | +€549,015 | +32.4% |
| Contributions | 10/11 | €717 | €717 | = | 0.0% |
| Reserves | 13 | €1,692,025 | €2,241,040 | +€549,015 | +32.4% |
| Non-distributable reserves | 130/1 | €5 | €5 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5 | €5 | = | 0.0% |
| Tax-exempt reserves | 132 | €192 | - | -€192 | |
| Distributable reserves | 133 | €1,692,003 | €2,241,035 | +€549,032 | +32.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,286 | €112,488 | +€98,203 | +687.4% |
| Amounts payable within one year | 42/48 | €14,286 | €112,488 | +€98,203 | +687.4% |
| Trade debts | 44 | €14,286 | €8,987 | -€5,299 | -37.1% |
| Suppliers | 440/4 | €14,286 | €8,987 | -€5,299 | -37.1% |
| Taxes, remuneration and social security | 45 | - | €103,501 | +€103,501 | |
| Taxes | 450/3 | - | €103,501 | +€103,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,596 | €15,807 | +€9,211 | +139.6% |
| Other operating charges | 640/8 | €759 | €1,992 | +€1,233 | +162.5% |
| Gross operating margin | 9900 | €481,624 | €818,797 | +€337,173 | +70.0% |
| Operating profit (loss) | 9901 | €474,269 | €800,998 | +€326,729 | +68.9% |
| Financial income | 75/76B | €958 | €4,397 | +€3,440 | +359.2% |
| Recurring financial income | 75 | €958 | €4,397 | +€3,440 | +359.2% |
| Financial charges | 65/66B | €104 | €95 | -€10 | -9.3% |
| Recurring financial charges | 65 | €104 | €95 | -€10 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €475,122 | €805,301 | +€330,178 | +69.5% |
| Income taxes | 67/77 | €146,840 | €253,484 | +€106,644 | +72.6% |
| Profit (loss) for the period | 9904 | €328,300 | €551,817 | +€223,517 | +68.1% |
| Transfer from tax-exempt reserves | 789 | €192 | €0 | -€192 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €328,474 | €551,817 | +€223,342 | +68.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.