TINAX: 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.
TINAX
Largest movements
- Tangible fixed assets -€6,893
down €6,893 (-13.4%), from €51,331 to €44,439
of which Land and buildings: -€3,809
- Receivables within one year +€4,423
up €4,423 (+14.9%), from €29,596 to €34,019
- Reserves +€3,272
up €3,272 (+19.2%), from €17,066 to €20,338
of which Distributable reserves: +€3,272
- Current portion of long-term debt -€2,756
down €2,756 (-57.4%), from €4,798 to €2,042
- Debts after one year -€2,042
down €2,042 (-100.0%), from €2,042 to €0
- Taxes +€1,336
up €1,336 (+235.4%), from €567 to €1,903
- Depreciation -€616
down €616 (-6.0%), from €10,341 to €9,725
- Gross operating margin +€245
up €245 (+1.4%), from €17,806 to €18,051
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 | €87,346 | €85,585 | -€1,760 | -2.0% |
| Fixed assets | 21/28 | €51,331 | €44,439 | -€6,893 | -13.4% |
| Tangible fixed assets | 22/27 | €51,331 | €44,439 | -€6,893 | -13.4% |
| Land and buildings | 22 | €34,852 | €31,044 | -€3,809 | -10.9% |
| Plant, machinery and equipment | 23 | €6,764 | €5,221 | -€1,542 | -22.8% |
| Furniture and vehicles | 24 | €9,716 | €8,174 | -€1,542 | -15.9% |
| Current assets | 29/58 | €36,014 | €41,147 | +€5,132 | +14.3% |
| Amounts receivable within one year | 40/41 | €29,596 | €34,019 | +€4,423 | +14.9% |
| Other amounts receivable | 41 | €29,596 | €34,019 | +€4,423 | +14.9% |
| Cash at bank and in hand | 54/58 | €6,201 | €6,900 | +€699 | +11.3% |
| Deferred charges and accrued income | 490/1 | €217 | €228 | +€11 | +5.0% |
| Total equity and liabilities | 10/49 | €87,346 | €85,585 | -€1,760 | -2.0% |
| Equity | 10/15 | €79,066 | €82,338 | +€3,272 | +4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,066 | €20,338 | +€3,272 | +19.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €10,866 | €14,138 | +€3,272 | +30.1% |
| Amounts payable | 17/49 | €8,279 | €3,247 | -€5,033 | -60.8% |
| Amounts payable after more than one year | 17 | €2,042 | €0 | -€2,042 | -100.0% |
| Financial debts | 170/4 | €2,042 | €0 | -€2,042 | -100.0% |
| Amounts payable within one year | 42/48 | €6,238 | €3,247 | -€2,991 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €4,798 | €2,042 | -€2,756 | -57.4% |
| Trade debts | 44 | €1,440 | €1,163 | -€277 | -19.2% |
| Suppliers | 440/4 | €1,440 | €1,163 | -€277 | -19.2% |
| Taxes, remuneration and social security | 45 | - | €42 | +€42 | |
| Taxes | 450/3 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,341 | €9,725 | -€616 | -6.0% |
| Other operating charges | 640/8 | €1,831 | €1,890 | +€58 | +3.2% |
| Gross operating margin | 9900 | €17,806 | €18,051 | +€245 | +1.4% |
| Operating profit (loss) | 9901 | €5,634 | €6,436 | +€802 | +14.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,393 | €1,261 | -€131 | -9.4% |
| Recurring financial charges | 65 | €1,393 | €1,261 | -€131 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €4,242 | €5,175 | +€934 | +22.0% |
| Income taxes | 67/77 | €567 | €1,903 | +€1,336 | +235.4% |
| Profit (loss) for the period | 9904 | €3,674 | €3,272 | -€402 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,674 | €3,272 | -€402 | -10.9% |
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.