Tigron: 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.
Tigron
Largest movements
- Cash +€1.5m
up €1.5m (+84.5%), from €1.7m to €3.2m
mainly Net result for the year (+€791,159) and Current investments (+€662,325)
- Current investments -€662,325
down €662,325 (-35.8%), from €1.9m to €1.2m
- Receivables within one year -€635,479
down €635,479 (-41.6%), from €1.5m to €890,381
of which Trade receivables: -€506,862
- Deferred charges and accrued income +€113,038
up €113,038 (+62.4%), from €181,082 to €294,120
- Reserves +€782,359
up €782,359 (+19.9%), from €3.9m to €4.7m
of which Distributable reserves: +€740,259
- Other debts -€331,316
down €331,316 (-86.2%), from €384,174 to €52,859
- Trade debts -€319,089
down €319,089 (-29.8%), from €1.1m to €751,517
- Accrued charges and deferred income +€106,161
up €106,161 (+49.4%), from €214,906 to €321,067
- Tax, wage and social debts +€79,516
up €79,516 (+43.9%), from €181,027 to €260,543
of which Taxes: +€42,252
- Gross operating margin -€50,368
down €50,368 (-2.5%), from €2.0m to €1.9m
- Staff costs +€45,433
up €45,433 (+6.8%), from €667,079 to €712,513
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 | €5,983,918 | €6,270,077 | +€286,159 | +4.8% |
| Fixed assets | 21/28 | €698,230 | €709,032 | +€10,801 | +1.5% |
| Tangible fixed assets | 22/27 | €698,230 | €709,032 | +€10,801 | +1.5% |
| Land and buildings | 22 | €426,837 | €389,201 | -€37,635 | -8.8% |
| Plant, machinery and equipment | 23 | €71,897 | €51,509 | -€20,387 | -28.4% |
| Furniture and vehicles | 24 | €199,497 | €268,321 | +€68,824 | +34.5% |
| Current assets | 29/58 | €5,285,687 | €5,561,045 | +€275,358 | +5.2% |
| Amounts receivable within one year | 40/41 | €1,525,860 | €890,381 | -€635,479 | -41.6% |
| Trade receivables | 40 | €1,397,243 | €890,381 | -€506,862 | -36.3% |
| Other amounts receivable | 41 | €128,617 | - | -€128,617 | |
| Current investments | 50/53 | €1,850,863 | €1,188,538 | -€662,325 | -35.8% |
| Cash at bank and in hand | 54/58 | €1,727,882 | €3,188,005 | +€1.5m | +84.5% |
| Deferred charges and accrued income | 490/1 | €181,082 | €294,120 | +€113,038 | +62.4% |
| Total equity and liabilities | 10/49 | €5,983,918 | €6,270,077 | +€286,159 | +4.8% |
| Equity | 10/15 | €3,951,310 | €4,733,669 | +€782,359 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,932,710 | €4,715,069 | +€782,359 | +19.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €817,350 | €859,450 | +€42,100 | +5.2% |
| Distributable reserves | 133 | €3,113,500 | €3,853,759 | +€740,259 | +23.8% |
| Amounts payable | 17/49 | €2,032,608 | €1,536,408 | -€496,200 | -24.4% |
| Amounts payable after more than one year | 17 | €150,423 | €118,315 | -€32,107 | -21.3% |
| Financial debts | 170/4 | €150,423 | €118,315 | -€32,107 | -21.3% |
| Amounts payable within one year | 42/48 | €1,667,279 | €1,097,025 | -€570,254 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €31,472 | €32,107 | +€635 | +2.0% |
| Trade debts | 44 | €1,070,606 | €751,517 | -€319,089 | -29.8% |
| Suppliers | 440/4 | €1,070,606 | €751,517 | -€319,089 | -29.8% |
| Taxes, remuneration and social security | 45 | €181,027 | €260,543 | +€79,516 | +43.9% |
| Taxes | 450/3 | €63,809 | €106,062 | +€42,252 | +66.2% |
| Remuneration and social security | 454/9 | €117,218 | €154,481 | +€37,263 | +31.8% |
| Other amounts payable | 47/48 | €384,174 | €52,859 | -€331,316 | -86.2% |
| Accrued charges and deferred income | 492/3 | €214,906 | €321,067 | +€106,161 | +49.4% |
| Remuneration, social security and pensions | 62 | €667,079 | €712,513 | +€45,433 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,813 | €153,669 | +€3,857 | +2.6% |
| Other operating charges | 640/8 | €9,086 | €9,582 | +€496 | +5.5% |
| Gross operating margin | 9900 | €1,994,839 | €1,944,471 | -€50,368 | -2.5% |
| Operating profit (loss) | 9901 | €1,168,861 | €1,068,708 | -€100,154 | -8.6% |
| Financial income | 75/76B | €72,348 | €69,225 | -€3,123 | -4.3% |
| Recurring financial income | 75 | €72,348 | €69,225 | -€3,123 | -4.3% |
| Financial charges | 65/66B | €3,784 | €8,611 | +€4,827 | +128% |
| Recurring financial charges | 65 | €3,784 | €8,611 | +€4,827 | +128% |
| Profit (loss) for the period before taxes | 9903 | €1,237,425 | €1,129,322 | -€108,104 | -8.7% |
| Income taxes | 67/77 | €339,696 | €338,163 | -€1,533 | -0.5% |
| Profit (loss) for the period | 9904 | €897,730 | €791,159 | -€106,570 | -11.9% |
| Transfer from tax-exempt reserves | 789 | €210,500 | €168,400 | -€42,100 | -20.0% |
| Transfer to tax-exempt reserves | 689 | €399,950 | €210,500 | -€189,450 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €708,280 | €749,059 | +€40,780 | +5.8% |
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 16 October 2026 via checked.be.