TINBEAU: 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.
TINBEAU
Largest movements
- Cash -€109,648
down €109,648 (-82.7%), from €132,634 to €22,986
mainly Contributions, distributions and other (-€391,371) and Debts after one year (-€117,287)
- Tangible fixed assets -€85,206
down €85,206 (-5.4%), from €1.6m to €1.5m
of which Land and buildings: -€158,183
- Reserves -€211,081
down €211,081 (-25.9%), from €815,805 to €604,724
- Other debts +€123,376
up €123,376 (+19537.9%), from €631 to €124,008
- Debts after one year -€117,287
down €117,287 (-15.6%), from €749,510 to €632,223
- Gross operating margin +€177,246
up €177,246 (+83.0%), from €213,466 to €390,712
- Taxes +€60,492
up €60,492 (+231.9%), from €26,081 to €86,573
- Depreciation -€9,760
down €9,760 (-10.3%), from €95,147 to €85,387
- Other operating charges +€6,060
up €6,060 (+53.9%), from €11,238 to €17,298
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 | €1,751,385 | €1,557,390 | -€193,996 | -11.1% |
| Fixed assets | 21/28 | €1,576,397 | €1,491,191 | -€85,206 | -5.4% |
| Tangible fixed assets | 22/27 | €1,576,397 | €1,491,191 | -€85,206 | -5.4% |
| Land and buildings | 22 | €1,473,116 | €1,314,934 | -€158,183 | -10.7% |
| Plant, machinery and equipment | 23 | €7,905 | €10,646 | +€2,741 | +34.7% |
| Furniture and vehicles | 24 | €50,426 | €118,281 | +€67,855 | +134.6% |
| Other tangible fixed assets | 26 | €44,950 | €47,330 | +€2,380 | +5.3% |
| Current assets | 29/58 | €174,988 | €66,199 | -€108,789 | -62.2% |
| Amounts receivable within one year | 40/41 | €39,591 | €40,916 | +€1,325 | +3.3% |
| Trade receivables | 40 | €38,755 | €40,080 | +€1,325 | +3.4% |
| Other amounts receivable | 41 | €836 | €836 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €132,634 | €22,986 | -€109,648 | -82.7% |
| Deferred charges and accrued income | 490/1 | €2,764 | €2,298 | -€466 | -16.9% |
| Total equity and liabilities | 10/49 | €1,751,385 | €1,557,390 | -€193,996 | -11.1% |
| Equity | 10/15 | €885,585 | €673,845 | -€211,740 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €815,805 | €604,724 | -€211,081 | -25.9% |
| Distributable reserves | 133 | €815,805 | €604,724 | -€211,081 | -25.9% |
| Profit (loss) carried forward | 14 | €51,180 | €50,521 | -€659 | -1.3% |
| Amounts payable | 17/49 | €865,801 | €883,545 | +€17,744 | +2.0% |
| Amounts payable after more than one year | 17 | €749,510 | €632,223 | -€117,287 | -15.6% |
| Financial debts | 170/4 | €749,510 | €632,223 | -€117,287 | -15.6% |
| Amounts payable within one year | 42/48 | €114,290 | €246,320 | +€132,030 | +115.5% |
| Current portion of amounts payable after more than one year | 42 | €92,951 | €89,612 | -€3,339 | -3.6% |
| Trade debts | 44 | €5,752 | €1,789 | -€3,963 | -68.9% |
| Suppliers | 440/4 | €5,752 | €1,789 | -€3,963 | -68.9% |
| Taxes, remuneration and social security | 45 | €14,956 | €30,912 | +€15,956 | +106.7% |
| Taxes | 450/3 | €14,956 | €30,912 | +€15,956 | +106.7% |
| Other amounts payable | 47/48 | €631 | €124,008 | +€123,376 | +19537.9% |
| Accrued charges and deferred income | 492/3 | €2,000 | €5,001 | +€3,001 | +150.1% |
| Non-recurring operating income | 76A | - | €107,755 | +€107,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,147 | €85,387 | -€9,760 | -10.3% |
| Other operating charges | 640/8 | €11,238 | €17,298 | +€6,060 | +53.9% |
| Gross operating margin | 9900 | €213,466 | €390,712 | +€177,246 | +83.0% |
| Operating profit (loss) | 9901 | €107,081 | €288,027 | +€180,946 | +169.0% |
| Financial income | 75/76B | €2,124 | €131 | -€1,992 | -93.8% |
| Recurring financial income | 75 | €2,124 | €131 | -€1,992 | -93.8% |
| Financial charges | 65/66B | €18,914 | €21,953 | +€3,039 | +16.1% |
| Recurring financial charges | 65 | €18,914 | €21,953 | +€3,039 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €90,291 | €266,205 | +€175,914 | +194.8% |
| Income taxes | 67/77 | €26,081 | €86,573 | +€60,492 | +231.9% |
| Profit (loss) for the period | 9904 | €64,210 | €179,632 | +€115,422 | +179.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,210 | €179,632 | +€115,422 | +179.8% |
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 8 October 2026 via checked.be.