TINANT Philippe: 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.
TINANT Philippe
Largest movements
- Current investments +€186,653
up €186,653 (+78.6%), from €237,440 to €424,094
- Receivables within one year -€20,032
down €20,032 (-53.1%), from €37,715 to €17,682
of which Other amounts receivable: -€37,372
- Cash +€9,667
up €9,667 (+373.4%), from €2,589 to €12,255
mainly Net result for the year (+€136,593) and Other debts (+€76,704)
- Other debts +€76,704
new in 2025: €76,704
- Tax, wage and social debts +€55,807
up €55,807 (+150.8%), from €37,004 to €92,811
- Reserves +€41,402
up €41,402 (+22.2%), from €186,296 to €227,698
- Gross operating margin +€144,444
up €144,444 (+210.5%), from €68,625 to €213,069
- Taxes +€50,463
up €50,463 (+276.3%), from €18,261 to €68,724
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 | €296,789 | €471,550 | +€174,761 | +58.9% |
| Fixed assets | 21/28 | €18,549 | €17,022 | -€1,526 | -8.2% |
| Tangible fixed assets | 22/27 | €18,549 | €17,022 | -€1,526 | -8.2% |
| Plant, machinery and equipment | 23 | €3,303 | €2,552 | -€750 | -22.7% |
| Furniture and vehicles | 24 | €12,556 | €12,495 | -€62 | -0.5% |
| Other tangible fixed assets | 26 | €2,690 | €1,975 | -€714 | -26.6% |
| Current assets | 29/58 | €278,240 | €454,527 | +€176,288 | +63.4% |
| Stocks and contracts in progress | 3 | €496 | €496 | = | 0.0% |
| Stocks | 30/36 | €496 | €496 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,715 | €17,682 | -€20,032 | -53.1% |
| Trade receivables | 40 | €343 | €17,682 | +€17,340 | +5060.8% |
| Other amounts receivable | 41 | €37,372 | - | -€37,372 | |
| Current investments | 50/53 | €237,440 | €424,094 | +€186,653 | +78.6% |
| Cash at bank and in hand | 54/58 | €2,589 | €12,255 | +€9,667 | +373.4% |
| Total equity and liabilities | 10/49 | €296,789 | €471,550 | +€174,761 | +58.9% |
| Equity | 10/15 | €259,570 | €300,971 | +€41,402 | +16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186,296 | €227,698 | +€41,402 | +22.2% |
| Distributable reserves | 133 | €186,296 | €227,698 | +€41,402 | +22.2% |
| Profit (loss) carried forward | 14 | €67,073 | €67,073 | = | 0.0% |
| Amounts payable | 17/49 | €37,219 | €170,579 | +€133,360 | +358.3% |
| Amounts payable within one year | 42/48 | €37,219 | €170,579 | +€133,360 | +358.3% |
| Trade debts | 44 | €215 | €1,063 | +€848 | +394.3% |
| Suppliers | 440/4 | €215 | €1,063 | +€848 | +394.3% |
| Taxes, remuneration and social security | 45 | €37,004 | €92,811 | +€55,807 | +150.8% |
| Taxes | 450/3 | €37,004 | €92,811 | +€55,807 | +150.8% |
| Other amounts payable | 47/48 | - | €76,704 | +€76,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,241 | €6,626 | +€386 | +6.2% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €68,625 | €213,069 | +€144,444 | +210.5% |
| Operating profit (loss) | 9901 | €62,384 | €206,385 | +€144,001 | +230.8% |
| Financial income | 75/76B | €2,373 | €2,489 | +€117 | +4.9% |
| Recurring financial income | 75 | €2,373 | €2,489 | +€117 | +4.9% |
| Financial charges | 65/66B | €2,973 | €3,557 | +€584 | +19.6% |
| Recurring financial charges | 65 | €2,973 | €3,557 | +€584 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €61,784 | €205,317 | +€143,533 | +232.3% |
| Income taxes | 67/77 | €18,261 | €68,724 | +€50,463 | +276.3% |
| Profit (loss) for the period | 9904 | €43,523 | €136,593 | +€93,070 | +213.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,523 | €136,593 | +€93,070 | +213.8% |
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 3 October 2026 via checked.be.