Tin Machine: what changed
Tin Machine
Largest movements
- Tangible fixed assets +€105,617
up €105,617 (+2,138%), from €4,940 to €110,557
of which Plant, machinery and equipment: +€105,338
- Cash -€29,567
down €29,567 (-46.6%), from €63,386 to €33,819
mainly Investment in fixed assets (net) (-€114,983) and Trade debts (-€1,323)
- Receivables within one year -€2,425
down €2,425 (-14.2%), from €17,066 to €14,641
of which Trade receivables: -€9,300
- Profit (loss) carried forward +€57,505
up €57,505 (+88.6%), from €64,901 to €122,406
- Tax, wage and social debts +€16,311
up €16,311 (+91.0%), from €17,916 to €34,227
- Depreciation +€7,585
up €7,585 (+426%), from €1,781 to €9,366
- Gross operating margin -€2,936
down €2,936 (-3.4%), from €86,196 to €83,260
- Taxes -€1,511
down €1,511 (-8.4%), from €17,916 to €16,405
- Financial charges -€1,097
down €1,097 (-63.1%), from €1,739 to €642
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,740 | €159,233 | +€72,493 | +83.6% |
| Fixed assets | 21/28 | €4,940 | €110,557 | +€105,617 | +2,138% |
| Tangible fixed assets | 22/27 | €4,940 | €110,557 | +€105,617 | +2,138% |
| Plant, machinery and equipment | 23 | - | €105,338 | +€105,338 | |
| Furniture and vehicles | 24 | €4,940 | €5,219 | +€279 | +5.6% |
| Current assets | 29/58 | €81,800 | €48,676 | -€33,124 | -40.5% |
| Amounts receivable within one year | 40/41 | €17,066 | €14,641 | -€2,425 | -14.2% |
| Trade receivables | 40 | €9,300 | - | -€9,300 | |
| Other amounts receivable | 41 | €7,766 | €14,641 | +€6,875 | +88.5% |
| Cash at bank and in hand | 54/58 | €63,386 | €33,819 | -€29,567 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,348 | €216 | -€1,132 | -84.0% |
| Total equity and liabilities | 10/49 | €86,740 | €159,233 | +€72,493 | +83.6% |
| Equity | 10/15 | €66,901 | €124,406 | +€57,505 | +86.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,901 | €122,406 | +€57,505 | +88.6% |
| Amounts payable | 17/49 | €19,839 | €34,827 | +€14,988 | +75.5% |
| Amounts payable within one year | 42/48 | €19,839 | €34,827 | +€14,988 | +75.5% |
| Trade debts | 44 | €1,923 | €600 | -€1,323 | -68.8% |
| Suppliers | 440/4 | €1,923 | €600 | -€1,323 | -68.8% |
| Taxes, remuneration and social security | 45 | €17,916 | €34,227 | +€16,311 | +91.0% |
| Taxes | 450/3 | €17,916 | €34,227 | +€16,311 | +91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,781 | €9,366 | +€7,585 | +426% |
| Other operating charges | 640/8 | - | €88 | +€88 | |
| Gross operating margin | 9900 | €86,196 | €83,260 | -€2,936 | -3.4% |
| Operating profit (loss) | 9901 | €84,415 | €73,806 | -€10,609 | -12.6% |
| Financial income | 75/76B | €141 | €746 | +€605 | +429% |
| Recurring financial income | 75 | €141 | €746 | +€605 | +429% |
| Financial charges | 65/66B | €1,739 | €642 | -€1,097 | -63.1% |
| Recurring financial charges | 65 | €1,739 | €642 | -€1,097 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €82,817 | €73,910 | -€8,907 | -10.8% |
| Income taxes | 67/77 | €17,916 | €16,405 | -€1,511 | -8.4% |
| Profit (loss) for the period | 9904 | €64,901 | €57,505 | -€7,396 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,901 | €57,505 | -€7,396 | -11.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.