TINEL: 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.
TINEL
Largest movements
- Tangible fixed assets -€49,337
down €49,337 (-3.9%), from €1.3m to €1.2m
- Profit (loss) carried forward -€44,722
down €44,722 (-16.9%), from -€265,217 to -€309,940
- Debts after one year -€16,398
down €16,398 (-16.1%), from €101,928 to €85,530
- Other debts +€13,772
up €13,772 (+3.6%), from €386,519 to €400,291
- Gross operating margin -€9,975
down €9,975 (-43.8%), from €22,794 to €12,818
- Depreciation -€2,070
down €2,070 (-4.0%), from €51,647 to €49,577
- Other operating charges +€235
up €235 (+4.8%), from €4,929 to €5,164
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 | €1,265,249 | €1,216,411 | -€48,839 | -3.9% |
| Fixed assets | 21/28 | €1,258,179 | €1,208,842 | -€49,337 | -3.9% |
| Tangible fixed assets | 22/27 | €1,258,179 | €1,208,842 | -€49,337 | -3.9% |
| Land and buildings | 22 | €1,204,741 | €1,188,906 | -€15,835 | -1.3% |
| Plant, machinery and equipment | 23 | €28,893 | €16,118 | -€12,776 | -44.2% |
| Furniture and vehicles | 24 | €24,544 | €3,818 | -€20,726 | -84.4% |
| Current assets | 29/58 | €7,071 | €7,569 | +€499 | +7.1% |
| Amounts receivable within one year | 40/41 | €3,611 | €3,886 | +€275 | +7.6% |
| Trade receivables | 40 | €3,611 | €3,886 | +€275 | +7.6% |
| Cash at bank and in hand | 54/58 | €3,460 | €3,683 | +€223 | +6.5% |
| Total equity and liabilities | 10/49 | €1,265,249 | €1,216,411 | -€48,839 | -3.9% |
| Equity | 10/15 | €754,653 | €709,931 | -€44,722 | -5.9% |
| Contributions | 10/11 | €400,360 | €400,360 | = | 0.0% |
| Revaluation surpluses | 12 | €590,000 | €590,000 | = | 0.0% |
| Reserves | 13 | €29,510 | €29,510 | = | 0.0% |
| Distributable reserves | 133 | €29,510 | €29,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,217 | -€309,940 | -€44,722 | -16.9% |
| Amounts payable | 17/49 | €510,596 | €506,480 | -€4,116 | -0.8% |
| Amounts payable after more than one year | 17 | €101,928 | €85,530 | -€16,398 | -16.1% |
| Financial debts | 170/4 | €101,928 | €85,530 | -€16,398 | -16.1% |
| Amounts payable within one year | 42/48 | €408,601 | €420,950 | +€12,350 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €18,153 | €16,398 | -€1,755 | -9.7% |
| Trade debts | 44 | €244 | €1,269 | +€1,025 | +420.4% |
| Suppliers | 440/4 | €244 | €1,269 | +€1,025 | +420.4% |
| Taxes, remuneration and social security | 45 | €3,685 | €2,993 | -€692 | -18.8% |
| Taxes | 450/3 | €3,685 | €2,993 | -€692 | -18.8% |
| Other amounts payable | 47/48 | €386,519 | €400,291 | +€13,772 | +3.6% |
| Accrued charges and deferred income | 492/3 | €68 | - | -€68 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,647 | €49,577 | -€2,070 | -4.0% |
| Other operating charges | 640/8 | €4,929 | €5,164 | +€235 | +4.8% |
| Gross operating margin | 9900 | €22,794 | €12,818 | -€9,975 | -43.8% |
| Operating profit (loss) | 9901 | -€33,782 | -€41,922 | -€8,141 | -24.1% |
| Financial charges | 65/66B | €2,495 | €2,339 | -€156 | -6.3% |
| Recurring financial charges | 65 | €2,495 | €2,339 | -€156 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,277 | -€44,261 | -€7,984 | -22.0% |
| Income taxes | 67/77 | €476 | €461 | -€14 | -3.0% |
| Profit (loss) for the period | 9904 | -€36,752 | -€44,722 | -€7,970 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,752 | -€44,722 | -€7,970 | -21.7% |
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 1 October 2026 via checked.be.