TINAGRO: 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.
TINAGRO
Largest movements
- Tangible fixed assets -€130,044
down €130,044 (-18.0%), from €722,546 to €592,501
of which Plant, machinery and equipment: -€112,820
- Cash +€72,296
up €72,296 (+61.5%), from €117,588 to €189,884
mainly Depreciation (+€143,994) and Trade debts (+€33,256)
- Receivables within one year -€16,306
down €16,306 (-4.9%), from €333,413 to €317,107
of which Other amounts receivable: -€10,857
- Debts after one year -€124,286
down €124,286 (-24.7%), from €503,572 to €379,286
- Trade debts +€33,256
up €33,256 (+35.6%), from €93,370 to €126,626
- Gross operating margin -€37,644
down €37,644 (-7.2%), from €525,027 to €487,383
- Staff costs -€21,672
down €21,672 (-6.3%), from €346,039 to €324,367
- Depreciation -€10,704
down €10,704 (-6.9%), from €154,698 to €143,994
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 | €1,180,472 | €1,105,936 | -€74,536 | -6.3% |
| Fixed assets | 21/28 | €724,546 | €594,501 | -€130,044 | -17.9% |
| Tangible fixed assets | 22/27 | €722,546 | €592,501 | -€130,044 | -18.0% |
| Land and buildings | 22 | €109,967 | €92,955 | -€17,012 | -15.5% |
| Plant, machinery and equipment | 23 | €612,366 | €499,546 | -€112,820 | -18.4% |
| Furniture and vehicles | 24 | €213 | €0 | -€213 | -100.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €455,926 | €511,435 | +€55,509 | +12.2% |
| Amounts receivable within one year | 40/41 | €333,413 | €317,107 | -€16,306 | -4.9% |
| Trade receivables | 40 | €298,297 | €292,848 | -€5,449 | -1.8% |
| Other amounts receivable | 41 | €35,115 | €24,258 | -€10,857 | -30.9% |
| Cash at bank and in hand | 54/58 | €117,588 | €189,884 | +€72,296 | +61.5% |
| Deferred charges and accrued income | 490/1 | €4,926 | €4,445 | -€481 | -9.8% |
| Total equity and liabilities | 10/49 | €1,180,472 | €1,105,936 | -€74,536 | -6.3% |
| Equity | 10/15 | €389,049 | €395,171 | +€6,122 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €369,049 | €375,171 | +€6,122 | +1.7% |
| Distributable reserves | 133 | €369,049 | €375,171 | +€6,122 | +1.7% |
| Amounts payable | 17/49 | €791,423 | €710,765 | -€80,657 | -10.2% |
| Amounts payable after more than one year | 17 | €503,572 | €379,286 | -€124,286 | -24.7% |
| Financial debts | 170/4 | €503,572 | €379,286 | -€124,286 | -24.7% |
| Amounts payable within one year | 42/48 | €287,851 | €331,480 | +€43,628 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €124,286 | €124,286 | = | 0.0% |
| Trade debts | 44 | €93,370 | €126,626 | +€33,256 | +35.6% |
| Suppliers | 440/4 | €93,370 | €126,626 | +€33,256 | +35.6% |
| Taxes, remuneration and social security | 45 | €36,705 | €41,261 | +€4,556 | +12.4% |
| Taxes | 450/3 | €5,689 | €11,802 | +€6,113 | +107.5% |
| Remuneration and social security | 454/9 | €31,016 | €29,459 | -€1,557 | -5.0% |
| Other amounts payable | 47/48 | €33,491 | €39,307 | +€5,816 | +17.4% |
| Remuneration, social security and pensions | 62 | €346,039 | €324,367 | -€21,672 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,698 | €143,994 | -€10,704 | -6.9% |
| Other operating charges | 640/8 | €2,140 | €2,381 | +€240 | +11.2% |
| Gross operating margin | 9900 | €525,027 | €487,383 | -€37,644 | -7.2% |
| Operating profit (loss) | 9901 | €22,150 | €16,641 | -€5,509 | -24.9% |
| Financial income | 75/76B | €199 | €0 | -€199 | -100.0% |
| Recurring financial income | 75 | €199 | €0 | -€199 | -100.0% |
| Financial charges | 65/66B | €10,555 | €8,802 | -€1,753 | -16.6% |
| Recurring financial charges | 65 | €10,555 | €8,802 | -€1,753 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €11,794 | €7,839 | -€3,955 | -33.5% |
| Income taxes | 67/77 | €2,687 | €1,717 | -€970 | -36.1% |
| Profit (loss) for the period | 9904 | €9,107 | €6,122 | -€2,985 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,107 | €6,122 | -€2,985 | -32.8% |
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 4 October 2026 via checked.be.