TINCK JAN: what changed
TINCK JAN
Largest movements
- Cash -€56,054
down €56,054 (-23.7%), from €236,626 to €180,573
mainly Contributions, distributions and other (-€73,892) and Current investments (-€35,142)
- Current investments +€35,142
up €35,142 (+15.6%), from €225,444 to €260,586
- Tangible fixed assets -€13,916
down €13,916 (-19.9%), from €70,025 to €56,109
of which Furniture and vehicles: -€10,600
- Receivables within one year +€11,136
up €11,136 (+11.0%), from €101,153 to €112,289
of which Other amounts receivable: +€11,148
- Trade debts -€25,699
down €25,699 (-24.9%), from €103,272 to €77,573
- Reserves +€16,403
up €16,403 (+3.8%), from €429,449 to €445,852
of which Distributable reserves: +€16,403
- Debts after one year -€11,027
down €11,027 (-100%), from €11,027 to €0
- Tax, wage and social debts -€6,739
down €6,739 (-7.2%), from €93,115 to €86,376
of which Taxes: -€14,583
- Gross operating margin +€107,122
up €107,122 (+19.5%), from €548,951 to €656,073
- Staff costs +€30,944
up €30,944 (+6.7%), from €461,586 to €492,530
- Financial income -€21,435
down €21,435 (-62.1%), from €34,502 to €13,067
- Taxes +€17,202
up €17,202 (+53.5%), from €32,142 to €49,344
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,303 | €631,906 | -€26,397 | -4.0% |
| Fixed assets | 21/28 | €76,225 | €62,309 | -€13,916 | -18.3% |
| Tangible fixed assets | 22/27 | €70,025 | €56,109 | -€13,916 | -19.9% |
| Land and buildings | 22 | €10,245 | €9,870 | -€375 | -3.7% |
| Plant, machinery and equipment | 23 | €22,035 | €20,876 | -€1,159 | -5.3% |
| Furniture and vehicles | 24 | €32,401 | €21,800 | -€10,600 | -32.7% |
| Other tangible fixed assets | 26 | €5,344 | €3,563 | -€1,781 | -33.3% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €582,078 | €569,597 | -€12,482 | -2.1% |
| Amounts receivable after more than one year | 29 | €7,000 | €2,074 | -€4,926 | -70.4% |
| Other amounts receivable | 291 | €7,000 | €2,074 | -€4,926 | -70.4% |
| Amounts receivable within one year | 40/41 | €101,153 | €112,289 | +€11,136 | +11.0% |
| Trade receivables | 40 | €77,761 | €77,748 | -€13 | 0.0% |
| Other amounts receivable | 41 | €23,392 | €34,540 | +€11,148 | +47.7% |
| Current investments | 50/53 | €225,444 | €260,586 | +€35,142 | +15.6% |
| Cash at bank and in hand | 54/58 | €236,626 | €180,573 | -€56,054 | -23.7% |
| Deferred charges and accrued income | 490/1 | €11,855 | €14,075 | +€2,220 | +18.7% |
| Total equity and liabilities | 10/49 | €658,303 | €631,906 | -€26,397 | -4.0% |
| Equity | 10/15 | €435,649 | €452,052 | +€16,403 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €429,449 | €445,852 | +€16,403 | +3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,107 | €13,107 | = | 0.0% |
| Distributable reserves | 133 | €414,482 | €430,885 | +€16,403 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €222,654 | €179,854 | -€42,800 | -19.2% |
| Amounts payable after more than one year | 17 | €11,027 | €0 | -€11,027 | -100% |
| Financial debts | 170/4 | €11,027 | €0 | -€11,027 | -100% |
| Amounts payable within one year | 42/48 | €211,627 | €179,854 | -€31,773 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €15,240 | €15,905 | +€665 | +4.4% |
| Trade debts | 44 | €103,272 | €77,573 | -€25,699 | -24.9% |
| Suppliers | 440/4 | €103,272 | €77,573 | -€25,699 | -24.9% |
| Taxes, remuneration and social security | 45 | €93,115 | €86,376 | -€6,739 | -7.2% |
| Taxes | 450/3 | €65,912 | €51,329 | -€14,583 | -22.1% |
| Remuneration and social security | 454/9 | €27,203 | €35,047 | +€7,844 | +28.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €15,902 | €4,211 | -€11,691 | -73.5% |
| Remuneration, social security and pensions | 62 | €461,586 | €492,530 | +€30,944 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,086 | €20,435 | +€1,349 | +7.1% |
| Other operating charges | 640/8 | €6,856 | €11,245 | +€4,389 | +64.0% |
| Gross operating margin | 9900 | €548,951 | €656,073 | +€107,122 | +19.5% |
| Operating profit (loss) | 9901 | €61,424 | €131,864 | +€70,440 | +115% |
| Financial income | 75/76B | €34,502 | €13,067 | -€21,435 | -62.1% |
| Recurring financial income | 75 | €34,502 | €13,067 | -€21,435 | -62.1% |
| Financial charges | 65/66B | €4,467 | €5,293 | +€826 | +18.5% |
| Recurring financial charges | 65 | €4,467 | €5,293 | +€826 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €91,458 | €139,638 | +€48,180 | +52.7% |
| Income taxes | 67/77 | €32,142 | €49,344 | +€17,202 | +53.5% |
| Profit (loss) for the period | 9904 | €59,317 | €90,295 | +€30,978 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,317 | €90,295 | +€30,978 | +52.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.