TINACLE: 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.
TINACLE
Largest movements
- Financial fixed assets +€83,660
up €83,660 (+12.8%), from €654,590 to €738,250
- Cash +€23,525
up €23,525 (+3,342%), from €704 to €24,229
mainly Other debts (+€138,901) and Net result for the year (+€34,302)
- Other debts +€138,901
up €138,901 (+422%), from €32,910 to €171,811
- Debts after one year -€33,076
down €33,076 (-16.5%), from €200,579 to €167,503
- Reserves -€16,698
down €16,698 (-5.4%), from €308,839 to €292,141
- Current portion of long-term debt +€9,387
up €9,387 (+13.4%), from €70,074 to €79,461
- Turnover +€243,900
new in 2025: €243,900
- Purchases and services +€189,805
new in 2025: €189,805
- Financial income -€47,457
no longer reported in 2025 (was €47,457)
- Gross operating margin +€25,447
up €25,447 (+84.0%), from €30,298 to €55,745
- Taxes -€12,171
down €12,171 (-99.8%), from €12,195 to €24
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 | €677,811 | €783,668 | +€105,857 | +15.6% |
| Fixed assets | 21/28 | €664,613 | €745,293 | +€80,680 | +12.1% |
| Tangible fixed assets | 22/27 | €10,023 | €7,043 | -€2,980 | -29.7% |
| Furniture and vehicles | 24 | €10,023 | €7,043 | -€2,980 | -29.7% |
| Financial fixed assets | 28 | €654,590 | €738,250 | +€83,660 | +12.8% |
| Current assets | 29/58 | €13,198 | €38,375 | +€25,177 | +191% |
| Amounts receivable within one year | 40/41 | €12,100 | €14,087 | +€1,987 | +16.4% |
| Trade receivables | 40 | €12,100 | €14,087 | +€1,987 | +16.4% |
| Cash at bank and in hand | 54/58 | €704 | €24,229 | +€23,525 | +3,342% |
| Deferred charges and accrued income | 490/1 | €394 | €59 | -€335 | -85.0% |
| Total equity and liabilities | 10/49 | €677,811 | €783,668 | +€105,857 | +15.6% |
| Equity | 10/15 | €329,299 | €312,601 | -€16,698 | -5.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €308,839 | €292,141 | -€16,698 | -5.4% |
| Distributable reserves | 133 | €308,839 | €292,141 | -€16,698 | -5.4% |
| Amounts payable | 17/49 | €348,512 | €471,067 | +€122,555 | +35.2% |
| Amounts payable after more than one year | 17 | €200,579 | €167,503 | -€33,076 | -16.5% |
| Financial debts | 170/4 | €200,579 | €167,503 | -€33,076 | -16.5% |
| Amounts payable within one year | 42/48 | €147,933 | €303,564 | +€155,631 | +105% |
| Current portion of amounts payable after more than one year | 42 | €70,074 | €79,461 | +€9,387 | +13.4% |
| Financial debts | 43 | €480 | €7,101 | +€6,621 | +1,379% |
| Credit institutions | 430/8 | €480 | €7,101 | +€6,621 | +1,379% |
| Trade debts | 44 | €854 | €1,438 | +€584 | +68.4% |
| Suppliers | 440/4 | €854 | €1,438 | +€584 | +68.4% |
| Taxes, remuneration and social security | 45 | €43,615 | €43,753 | +€138 | +0.3% |
| Taxes | 450/3 | €43,615 | €43,753 | +€138 | +0.3% |
| Other amounts payable | 47/48 | €32,910 | €171,811 | +€138,901 | +422% |
| Turnover | 70 | - | €243,900 | +€243,900 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €189,805 | +€189,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,955 | €4,094 | +€139 | +3.5% |
| Other operating charges | 640/8 | €755 | €2,422 | +€1,667 | +221% |
| Gross operating margin | 9900 | €30,298 | €55,745 | +€25,447 | +84.0% |
| Operating profit (loss) | 9901 | €25,588 | €49,229 | +€23,641 | +92.4% |
| Financial income | 75/76B | €47,457 | - | -€47,457 | |
| Recurring financial income | 75 | €47,457 | - | -€47,457 | |
| Financial charges | 65/66B | €8,644 | €14,903 | +€6,259 | +72.4% |
| Recurring financial charges | 65 | €8,644 | €14,903 | +€6,259 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | €64,401 | €34,326 | -€30,075 | -46.7% |
| Income taxes | 67/77 | €12,195 | €24 | -€12,171 | -99.8% |
| Profit (loss) for the period | 9904 | €52,206 | €34,302 | -€17,904 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,206 | €34,302 | -€17,904 | -34.3% |
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 13 October 2026 via checked.be.