Tinkhaven 2.0: what changed
Two financial 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.
Tinkhaven 2.0
Largest movements
- Tangible fixed assets +€55,040
up €55,040 (+499%), from €11,034 to €66,074
of which Furniture and vehicles: +€56,320
- Current investments -€18,266
down €18,266 (-23.3%), from €78,226 to €59,960
- Cash +€16,134
up €16,134 (+24.4%), from €66,150 to €82,284
mainly Net result for the year (+€80,215) and Other debts (+€35,029)
- Other debts +€35,029
up €35,029 (+44.8%), from €78,261 to €113,290
- Debts after one year +€19,811
new in 2025: €19,811
- Tax, wage and social debts -€7,636
down €7,636 (-39.2%), from €19,484 to €11,848
- Current portion of long-term debt +€7,240
new in 2025: €7,240
- Gross operating margin -€28,153
down €28,153 (-19.6%), from €143,632 to €115,479
- Taxes -€9,508
down €9,508 (-26.9%), from €35,404 to €25,896
- Depreciation +€1,571
up €1,571 (+27.8%), from €5,649 to €7,220
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.
Derived cash bridge
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 | €181,563 | €235,394 | +€53,832 | +29.6% |
| Fixed assets | 21/28 | €12,284 | €68,224 | +€55,940 | +455% |
| Tangible fixed assets | 22/27 | €11,034 | €66,074 | +€55,040 | +499% |
| Land and buildings | 22 | €861 | €734 | -€126 | -14.7% |
| Plant, machinery and equipment | 23 | €10,173 | €9,020 | -€1,153 | -11.3% |
| Furniture and vehicles | 24 | - | €56,320 | +€56,320 | |
| Financial fixed assets | 28 | €1,250 | €2,150 | +€900 | +72.0% |
| Current assets | 29/58 | €169,279 | €167,170 | -€2,109 | -1.2% |
| Amounts receivable within one year | 40/41 | €24,903 | €24,896 | -€7 | 0.0% |
| Trade receivables | 40 | €23,307 | €15,246 | -€8,061 | -34.6% |
| Other amounts receivable | 41 | €1,596 | €9,650 | +€8,054 | +505% |
| Current investments | 50/53 | €78,226 | €59,960 | -€18,266 | -23.3% |
| Cash at bank and in hand | 54/58 | €66,150 | €82,284 | +€16,134 | +24.4% |
| Deferred charges and accrued income | 490/1 | - | €30 | +€30 | |
| Total equity and liabilities | 10/49 | €181,563 | €235,394 | +€53,832 | +29.6% |
| Equity | 10/15 | €83,117 | €82,215 | -€901 | -1.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €81,117 | €80,215 | -€901 | -1.1% |
| Distributable reserves | 133 | €81,117 | €80,215 | -€901 | -1.1% |
| Amounts payable | 17/49 | €98,446 | €153,179 | +€54,733 | +55.6% |
| Amounts payable after more than one year | 17 | - | €19,811 | +€19,811 | |
| Financial debts | 170/4 | - | €19,811 | +€19,811 | |
| Amounts payable within one year | 42/48 | €98,446 | €133,368 | +€34,922 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,240 | +€7,240 | |
| Trade debts | 44 | €702 | €990 | +€288 | +41.1% |
| Suppliers | 440/4 | €702 | €990 | +€288 | +41.1% |
| Taxes, remuneration and social security | 45 | €19,484 | €11,848 | -€7,636 | -39.2% |
| Taxes | 450/3 | €19,484 | €11,848 | -€7,636 | -39.2% |
| Other amounts payable | 47/48 | €78,261 | €113,290 | +€35,029 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,649 | €7,220 | +€1,571 | +27.8% |
| Other operating charges | 640/8 | €654 | €735 | +€81 | +12.3% |
| Gross operating margin | 9900 | €143,632 | €115,479 | -€28,153 | -19.6% |
| Operating profit (loss) | 9901 | €137,330 | €107,525 | -€29,805 | -21.7% |
| Financial income | 75/76B | €232 | €730 | +€498 | +215% |
| Recurring financial income | 75 | €232 | €730 | +€498 | +215% |
| Financial charges | 65/66B | €1,182 | €2,143 | +€961 | +81.3% |
| Recurring financial charges | 65 | €1,182 | €2,143 | +€961 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €136,380 | €106,112 | -€30,268 | -22.2% |
| Income taxes | 67/77 | €35,404 | €25,896 | -€9,508 | -26.9% |
| Profit (loss) for the period | 9904 | €100,976 | €80,215 | -€20,760 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,976 | €80,215 | -€20,760 | -20.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.