TINA: 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.
TINA
Largest movements
- Tangible fixed assets +€55,564
up €55,564 (+272%), from €20,394 to €75,958
of which Furniture and vehicles: +€58,775
- Stocks and contracts +€11,590
up €11,590 (+43.7%), from €26,498 to €38,089
- Cash -€11,108
down €11,108 (-70.6%), from €15,743 to €4,634
mainly Investment in fixed assets (net) (-€69,955) and Stocks and contracts (-€11,590)
- Debts after one year +€41,796
new in 2025: €41,796
- Current portion of long-term debt +€11,345
new in 2025: €11,345
- Trade debts +€5,806
up €5,806 (+397%), from €1,464 to €7,270
- Profit (loss) carried forward -€5,768
down €5,768 (-61.4%), from €9,396 to €3,628
- Tax, wage and social debts +€1,347
up €1,347 (+8.7%), from €15,448 to €16,795
of which Remuneration and social security: +€951
- Depreciation +€6,536
up €6,536 (+83.2%), from €7,855 to €14,391
- Gross operating margin -€6,449
down €6,449 (-4.7%), from €137,482 to €131,033
- Staff costs -€4,050
down €4,050 (-3.5%), from €117,173 to €113,124
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 | €71,836 | €126,413 | +€54,577 | +76.0% |
| Fixed assets | 21/28 | €20,394 | €75,958 | +€55,564 | +272% |
| Tangible fixed assets | 22/27 | €20,394 | €75,958 | +€55,564 | +272% |
| Furniture and vehicles | 24 | €16,381 | €75,156 | +€58,775 | +359% |
| Other tangible fixed assets | 26 | €4,013 | €802 | -€3,211 | -80.0% |
| Current assets | 29/58 | €51,442 | €50,455 | -€987 | -1.9% |
| Stocks and contracts in progress | 3 | €26,498 | €38,089 | +€11,590 | +43.7% |
| Stocks | 30/36 | €26,498 | €38,089 | +€11,590 | +43.7% |
| Amounts receivable within one year | 40/41 | €8,431 | €7,732 | -€700 | -8.3% |
| Trade receivables | 40 | €91 | €648 | +€556 | +608% |
| Other amounts receivable | 41 | €8,340 | €7,084 | -€1,256 | -15.1% |
| Cash at bank and in hand | 54/58 | €15,743 | €4,634 | -€11,108 | -70.6% |
| Deferred charges and accrued income | 490/1 | €769 | - | -€769 | |
| Total equity and liabilities | 10/49 | €71,836 | €126,413 | +€54,577 | +76.0% |
| Equity | 10/15 | €54,856 | €49,088 | -€5,768 | -10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Distributable reserves | 133 | €26,860 | €26,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,396 | €3,628 | -€5,768 | -61.4% |
| Amounts payable | 17/49 | €16,980 | €77,325 | +€60,345 | +355% |
| Amounts payable after more than one year | 17 | - | €41,796 | +€41,796 | |
| Financial debts | 170/4 | - | €41,796 | +€41,796 | |
| Amounts payable within one year | 42/48 | €16,980 | €35,529 | +€18,549 | +109% |
| Current portion of amounts payable after more than one year | 42 | - | €11,345 | +€11,345 | |
| Trade debts | 44 | €1,464 | €7,270 | +€5,806 | +397% |
| Suppliers | 440/4 | €1,464 | €7,270 | +€5,806 | +397% |
| Taxes, remuneration and social security | 45 | €15,448 | €16,795 | +€1,347 | +8.7% |
| Taxes | 450/3 | €4,403 | €4,798 | +€396 | +9.0% |
| Remuneration and social security | 454/9 | €11,046 | €11,997 | +€951 | +8.6% |
| Other amounts payable | 47/48 | €68 | €120 | +€52 | +76.0% |
| Remuneration, social security and pensions | 62 | €117,173 | €113,124 | -€4,050 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,855 | €14,391 | +€6,536 | +83.2% |
| Other operating charges | 640/8 | €3,937 | €3,800 | -€136 | -3.5% |
| Gross operating margin | 9900 | €137,482 | €131,033 | -€6,449 | -4.7% |
| Operating profit (loss) | 9901 | €8,518 | -€281 | -€8,799 | |
| Financial income | 75/76B | €287 | €6 | -€282 | -98.1% |
| Recurring financial income | 75 | €287 | €6 | -€282 | -98.1% |
| Financial charges | 65/66B | €5,950 | €5,493 | -€458 | -7.7% |
| Recurring financial charges | 65 | €5,950 | €5,493 | -€458 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €2,855 | -€5,768 | -€8,623 | |
| Income taxes | 67/77 | €876 | - | -€876 | |
| Profit (loss) for the period | 9904 | €1,979 | -€5,768 | -€7,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,979 | -€5,768 | -€7,747 |
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.