TIGO CONSULTING: 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.
TIGO CONSULTING
Largest movements
- Current investments +€76,480
up €76,480 (+51.1%), from €149,700 to €226,180
- Receivables within one year -€38,036
down €38,036 (-34.5%), from €110,170 to €72,134
of which Other amounts receivable: -€57,150
- Tangible fixed assets -€36,816
down €36,816 (-6.0%), from €609,627 to €572,811
of which Other tangible fixed assets: -€27,641
- Cash -€19,154
down €19,154 (-22.3%), from €86,058 to €66,904
mainly Contributions, distributions and other (-€99,850) and Current investments (-€76,480)
- Debts after one year -€21,078
down €21,078 (-8.2%), from €257,558 to €236,480
- Tax, wage and social debts -€12,346
down €12,346 (-42.9%), from €28,771 to €16,424
- Trade debts +€12,324
up €12,324 (+406%), from €3,034 to €15,357
- Gross operating margin -€7,811
down €7,811 (-4.1%), from €188,948 to €181,137
- Taxes -€3,911
down €3,911 (-10.1%), from €38,807 to €34,897
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.
Derived cash bridge
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 | €972,354 | €946,706 | -€25,648 | -2.6% |
| Fixed assets | 21/28 | €609,627 | €572,811 | -€36,816 | -6.0% |
| Tangible fixed assets | 22/27 | €609,627 | €572,811 | -€36,816 | -6.0% |
| Land and buildings | 22 | €369,884 | €363,401 | -€6,483 | -1.8% |
| Furniture and vehicles | 24 | €16,534 | €13,843 | -€2,691 | -16.3% |
| Other tangible fixed assets | 26 | €223,208 | €195,567 | -€27,641 | -12.4% |
| Current assets | 29/58 | €362,727 | €373,894 | +€11,168 | +3.1% |
| Amounts receivable within one year | 40/41 | €110,170 | €72,134 | -€38,036 | -34.5% |
| Trade receivables | 40 | €27,051 | €46,165 | +€19,114 | +70.7% |
| Other amounts receivable | 41 | €83,119 | €25,969 | -€57,150 | -68.8% |
| Current investments | 50/53 | €149,700 | €226,180 | +€76,480 | +51.1% |
| Cash at bank and in hand | 54/58 | €86,058 | €66,904 | -€19,154 | -22.3% |
| Deferred charges and accrued income | 490/1 | €16,799 | €8,676 | -€8,123 | -48.4% |
| Total equity and liabilities | 10/49 | €972,354 | €946,706 | -€25,648 | -2.6% |
| Equity | 10/15 | €662,596 | €655,068 | -€7,529 | -1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €650,196 | €642,668 | -€7,529 | -1.2% |
| Distributable reserves | 133 | €650,196 | €642,668 | -€7,529 | -1.2% |
| Amounts payable | 17/49 | €309,757 | €291,638 | -€18,120 | -5.8% |
| Amounts payable after more than one year | 17 | €257,558 | €236,480 | -€21,078 | -8.2% |
| Financial debts | 170/4 | €257,558 | €236,480 | -€21,078 | -8.2% |
| Amounts payable within one year | 42/48 | €52,199 | €55,158 | +€2,958 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €20,395 | €20,986 | +€592 | +2.9% |
| Trade debts | 44 | €3,034 | €15,357 | +€12,324 | +406% |
| Suppliers | 440/4 | €3,034 | €15,357 | +€12,324 | +406% |
| Taxes, remuneration and social security | 45 | €28,771 | €16,424 | -€12,346 | -42.9% |
| Taxes | 450/3 | €28,771 | €16,424 | -€12,346 | -42.9% |
| Other amounts payable | 47/48 | - | €2,389 | +€2,389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,122 | €36,816 | -€306 | -0.8% |
| Other operating charges | 640/8 | €4,298 | €4,497 | +€199 | +4.6% |
| Gross operating margin | 9900 | €188,948 | €181,137 | -€7,811 | -4.1% |
| Operating profit (loss) | 9901 | €147,528 | €139,825 | -€7,703 | -5.2% |
| Financial income | 75/76B | €1,410 | €1,759 | +€349 | +24.7% |
| Recurring financial income | 75 | €1,410 | €1,759 | +€349 | +24.7% |
| Financial charges | 65/66B | €14,639 | €14,365 | -€274 | -1.9% |
| Recurring financial charges | 65 | €14,639 | €14,365 | -€274 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €134,299 | €127,218 | -€7,081 | -5.3% |
| Income taxes | 67/77 | €38,807 | €34,897 | -€3,911 | -10.1% |
| Profit (loss) for the period | 9904 | €95,492 | €92,322 | -€3,170 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,492 | €92,322 | -€3,170 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.