TINACHINE GROUP: 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.
TINACHINE GROUP
Largest movements
- Receivables within one year +€32,819
up €32,819 (+205%), from €16,012 to €48,831
of which Trade receivables: +€28,140
- Cash -€31,302
down €31,302 (-21.8%), from €143,588 to €112,286
mainly Receivables within one year (-€32,819) and Trade debts (-€22,919)
- Stocks and contracts +€17,707
up €17,707 (+67.7%), from €26,144 to €43,851
- Deferred charges and accrued income +€2,429
new in 2024: €2,429
- Profit (loss) carried forward +€43,805
up €43,805 (+100%), from €43,762 to €87,567
- Trade debts -€22,919
down €22,919 (-19.2%), from €119,100 to €96,181
of which Suppliers: -€52,807
- Other operating charges -€26,007
no longer reported in 2024 (was €26,007)
- Gross operating margin +€17,443
up €17,443 (+21.6%), from €80,900 to €98,343
- Taxes +€11,121
up €11,121 (+218%), from €5,100 to €16,221
- Staff costs +€2,869
up €2,869 (+8.4%), from €34,284 to €37,153
- Financial income -€2,644
no longer reported in 2024 (was €2,644)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,627 | €209,851 | +€22,224 | +11.8% |
| Fixed assets | 21/28 | €1,883 | €2,454 | +€571 | +30.3% |
| Tangible fixed assets | 22/27 | €1,698 | €2,269 | +€571 | +33.6% |
| Plant, machinery and equipment | 23 | €1,698 | €914 | -€784 | -46.2% |
| Furniture and vehicles | 24 | - | €1,355 | +€1,355 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €185,744 | €207,397 | +€21,653 | +11.7% |
| Stocks and contracts in progress | 3 | €26,144 | €43,851 | +€17,707 | +67.7% |
| Stocks | 30/36 | €26,144 | €43,851 | +€17,707 | +67.7% |
| Amounts receivable within one year | 40/41 | €16,012 | €48,831 | +€32,819 | +205% |
| Trade receivables | 40 | €4,377 | €32,517 | +€28,140 | +643% |
| Other amounts receivable | 41 | €11,635 | €16,314 | +€4,679 | +40.2% |
| Cash at bank and in hand | 54/58 | €143,588 | €112,286 | -€31,302 | -21.8% |
| Deferred charges and accrued income | 490/1 | - | €2,429 | +€2,429 | |
| Total equity and liabilities | 10/49 | €187,627 | €209,851 | +€22,224 | +11.8% |
| Equity | 10/15 | €63,844 | €107,649 | +€43,805 | +68.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,482 | €1,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,482 | €1,482 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,482 | €1,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,762 | €87,567 | +€43,805 | +100% |
| Amounts payable | 17/49 | €123,783 | €102,202 | -€21,581 | -17.4% |
| Amounts payable within one year | 42/48 | €123,783 | €102,202 | -€21,581 | -17.4% |
| Trade debts | 44 | €119,100 | €96,181 | -€22,919 | -19.2% |
| Suppliers | 440/4 | €119,100 | €66,293 | -€52,807 | -44.3% |
| Bills of exchange payable | 441 | - | €29,888 | +€29,888 | |
| Taxes, remuneration and social security | 45 | €4,683 | €5,853 | +€1,170 | +25.0% |
| Taxes | 450/3 | €586 | €218 | -€368 | -62.8% |
| Remuneration and social security | 454/9 | €4,097 | €5,635 | +€1,538 | +37.5% |
| Other amounts payable | 47/48 | - | €168 | +€168 | |
| Remuneration, social security and pensions | 62 | €34,284 | €37,153 | +€2,869 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €653 | €1,027 | +€374 | +57.3% |
| Other operating charges | 640/8 | €26,007 | - | -€26,007 | |
| Gross operating margin | 9900 | €80,900 | €98,343 | +€17,443 | +21.6% |
| Operating profit (loss) | 9901 | €19,956 | €60,163 | +€40,207 | +201% |
| Financial income | 75/76B | €2,644 | - | -€2,644 | |
| Recurring financial income | 75 | €2,644 | - | -€2,644 | |
| Financial charges | 65/66B | €135 | €137 | +€2 | +1.5% |
| Recurring financial charges | 65 | €135 | €137 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €22,465 | €60,026 | +€37,561 | +167% |
| Income taxes | 67/77 | €5,100 | €16,221 | +€11,121 | +218% |
| Profit (loss) for the period | 9904 | €17,365 | €43,805 | +€26,440 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €17,365 | €43,805 | +€26,440 | +152% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.