TIJARI: 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.
TIJARI
Largest movements
- Receivables within one year +€185,679
up €185,679 (+204.5%), from €90,776 to €276,455
of which Other amounts receivable: +€150,679
- Cash +€12,930
up €12,930 (+199.0%), from €6,497 to €19,427
mainly Net result for the year (+€136,100) and Other debts (+€106,050)
- Deferred charges and accrued income -€6,000
down €6,000 (-20.0%), from €30,000 to €24,000
- Other debts +€106,050
up €106,050 (+552.6%), from €19,191 to €125,241
- Reserves +€85,000
up €85,000 (+60.9%), from €139,500 to €224,500
- Debts after one year -€33,053
down €33,053 (-79.4%), from €41,615 to €8,563
- Tax, wage and social debts +€32,899
up €32,899 (+66.8%), from €49,287 to €82,186
of which Taxes: +€32,899
- Gross operating margin +€64,886
up €64,886 (+56.7%), from €114,465 to €179,351
- Staff costs -€44,213
down €44,213 (-96.2%), from €45,981 to €1,768
- Taxes +€12,652
up €12,652 (+76.7%), from €16,498 to €29,150
- Other operating charges -€4,470
down €4,470 (-64.3%), from €6,947 to €2,477
- Financial income -€2,531
down €2,531 (-35.3%), from €7,163 to €4,632
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 | €322,271 | €512,601 | +€190,330 | +59.1% |
| Fixed assets | 21/28 | €69,997 | €67,719 | -€2,278 | -3.3% |
| Tangible fixed assets | 22/27 | €25,527 | €22,749 | -€2,778 | -10.9% |
| Plant, machinery and equipment | 23 | €12,470 | €9,289 | -€3,181 | -25.5% |
| Furniture and vehicles | 24 | €1,213 | €3,670 | +€2,457 | +202.5% |
| Other tangible fixed assets | 26 | €11,844 | €9,790 | -€2,054 | -17.3% |
| Financial fixed assets | 28 | €44,470 | €44,970 | +€500 | +1.1% |
| Current assets | 29/58 | €252,273 | €444,882 | +€192,608 | +76.3% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €90,776 | €276,455 | +€185,679 | +204.5% |
| Trade receivables | 40 | €0 | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | €90,776 | €241,455 | +€150,679 | +166.0% |
| Cash at bank and in hand | 54/58 | €6,497 | €19,427 | +€12,930 | +199.0% |
| Deferred charges and accrued income | 490/1 | €30,000 | €24,000 | -€6,000 | -20.0% |
| Total equity and liabilities | 10/49 | €322,271 | €512,601 | +€190,330 | +59.1% |
| Equity | 10/15 | €158,815 | €244,915 | +€86,100 | +54.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,500 | €224,500 | +€85,000 | +60.9% |
| Distributable reserves | 133 | €139,500 | €224,500 | +€85,000 | +60.9% |
| Profit (loss) carried forward | 14 | €715 | €1,815 | +€1,100 | +153.9% |
| Amounts payable | 17/49 | €163,456 | €267,686 | +€104,230 | +63.8% |
| Amounts payable after more than one year | 17 | €41,615 | €8,563 | -€33,053 | -79.4% |
| Financial debts | 170/4 | €41,615 | €8,563 | -€33,053 | -79.4% |
| Amounts payable within one year | 42/48 | €121,841 | €259,124 | +€137,283 | +112.7% |
| Current portion of amounts payable after more than one year | 42 | €33,235 | €33,053 | -€183 | -0.5% |
| Trade debts | 44 | €20,128 | €18,644 | -€1,483 | -7.4% |
| Suppliers | 440/4 | €20,128 | €18,644 | -€1,483 | -7.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €49,287 | €82,186 | +€32,899 | +66.8% |
| Taxes | 450/3 | €49,287 | €82,186 | +€32,899 | +66.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,191 | €125,241 | +€106,050 | +552.6% |
| Non-recurring operating income | 76A | €6,000 | €12,810 | +€6,810 | +113.5% |
| Remuneration, social security and pensions | 62 | €45,981 | €1,768 | -€44,213 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,746 | €8,036 | -€711 | -8.1% |
| Other operating charges | 640/8 | €6,947 | €2,477 | -€4,470 | -64.3% |
| Gross operating margin | 9900 | €114,465 | €179,351 | +€64,886 | +56.7% |
| Operating profit (loss) | 9901 | €52,790 | €167,070 | +€114,280 | +216.5% |
| Financial income | 75/76B | €7,163 | €4,632 | -€2,531 | -35.3% |
| Recurring financial income | 75 | €7,163 | €4,632 | -€2,531 | -35.3% |
| Financial charges | 65/66B | €6,830 | €6,452 | -€378 | -5.5% |
| Recurring financial charges | 65 | €6,830 | €6,452 | -€378 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €53,123 | €165,250 | +€112,127 | +211.1% |
| Income taxes | 67/77 | €16,498 | €29,150 | +€12,652 | +76.7% |
| Profit (loss) for the period | 9904 | €36,625 | €136,100 | +€99,475 | +271.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,625 | €136,100 | +€99,475 | +271.6% |
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 3 October 2026 via checked.be.