Tinlot Condroz: 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.
Tinlot Condroz
Largest movements
- Cash +€175,117
up €175,117 (+618%), from €28,347 to €203,464
mainly Contributions, distributions and other (+€340,852) and Depreciation (+€51,086)
- Tangible fixed assets +€121,054
up €121,054 (+8.9%), from €1.4m to €1.5m
of which Land and buildings: +€122,858
- Receivables within one year +€48,941
up €48,941 (+156%), from €31,282 to €80,223
of which Trade receivables: +€52,551
- Contributions +€341,000
up €341,000 (+27.3%), from €1.3m to €1.6m
- Accrued charges and deferred income +€41,775
up €41,775 (+302%), from €13,845 to €55,620
- Profit (loss) carried forward -€37,765
down €37,765 (-12.9%), from -€292,721 to -€330,486
- Other debts +€35,600
up €35,600 (+257%), from €13,875 to €49,475
- Debts after one year -€31,620
down €31,620 (-8.6%), from €368,524 to €336,904
- Gross operating margin -€36,286
down €36,286 (-46.1%), from €78,729 to €42,443
- Financial charges -€8,230
down €8,230 (-55.3%), from €14,877 to €6,647
- Depreciation +€1,483
up €1,483 (+3.0%), from €49,603 to €51,086
- Financial income +€811
up €811 (+543%), from €149 to €960
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 | €1,416,081 | €1,775,770 | +€359,689 | +25.4% |
| Fixed assets | 21/28 | €1,354,722 | €1,475,776 | +€121,054 | +8.9% |
| Tangible fixed assets | 22/27 | €1,354,722 | €1,475,776 | +€121,054 | +8.9% |
| Land and buildings | 22 | €1,350,813 | €1,473,671 | +€122,858 | +9.1% |
| Plant, machinery and equipment | 23 | €1,748 | €934 | -€814 | -46.6% |
| Furniture and vehicles | 24 | €2,162 | €1,172 | -€990 | -45.8% |
| Current assets | 29/58 | €61,359 | €299,994 | +€238,635 | +389% |
| Amounts receivable within one year | 40/41 | €31,282 | €80,223 | +€48,941 | +156% |
| Trade receivables | 40 | €26,860 | €79,411 | +€52,551 | +196% |
| Other amounts receivable | 41 | €4,422 | €812 | -€3,610 | -81.6% |
| Current investments | 50/53 | €417 | €15,419 | +€15,002 | +3,598% |
| Cash at bank and in hand | 54/58 | €28,347 | €203,464 | +€175,117 | +618% |
| Deferred charges and accrued income | 490/1 | €1,313 | €888 | -€425 | -32.4% |
| Total equity and liabilities | 10/49 | €1,416,081 | €1,775,770 | +€359,689 | +25.4% |
| Equity | 10/15 | €974,371 | €1,277,457 | +€303,086 | +31.1% |
| Contributions | 10/11 | €1,250,000 | €1,591,000 | +€341,000 | +27.3% |
| Capital | 10 | €1,250,000 | €1,591,000 | +€341,000 | +27.3% |
| Issued capital | 100 | €1,250,000 | €1,591,000 | +€341,000 | +27.3% |
| Reserves | 13 | €12,900 | €12,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €9,900 | €9,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,721 | -€330,486 | -€37,765 | -12.9% |
| Investment grants | 15 | €4,192 | €4,044 | -€148 | -3.5% |
| Provisions and deferred taxes | 16 | €1,434 | €1,397 | -€37 | -2.6% |
| Deferred taxes | 168 | €1,434 | €1,397 | -€37 | -2.6% |
| Amounts payable | 17/49 | €440,276 | €496,916 | +€56,640 | +12.9% |
| Amounts payable after more than one year | 17 | €368,524 | €336,904 | -€31,620 | -8.6% |
| Financial debts | 170/4 | €368,524 | €336,904 | -€31,620 | -8.6% |
| Amounts payable within one year | 42/48 | €57,906 | €104,392 | +€46,486 | +80.3% |
| Current portion of amounts payable after more than one year | 42 | €32,137 | €32,645 | +€509 | +1.6% |
| Financial debts | 43 | €12 | €2 | -€10 | -83.4% |
| Credit institutions | 430/8 | €12 | €2 | -€10 | -83.4% |
| Trade debts | 44 | €7,976 | €14,385 | +€6,410 | +80.4% |
| Suppliers | 440/4 | €7,976 | €14,385 | +€6,410 | +80.4% |
| Taxes, remuneration and social security | 45 | €3,907 | €7,885 | +€3,978 | +102% |
| Taxes | 450/3 | €146 | €3,278 | +€3,132 | +2,143% |
| Remuneration and social security | 454/9 | €3,761 | €4,606 | +€845 | +22.5% |
| Other amounts payable | 47/48 | €13,875 | €49,475 | +€35,600 | +257% |
| Accrued charges and deferred income | 492/3 | €13,845 | €55,620 | +€41,775 | +302% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €15,814 | €16,014 | +€200 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,603 | €51,086 | +€1,483 | +3.0% |
| Other operating charges | 640/8 | €7,522 | €7,218 | -€305 | -4.0% |
| Gross operating margin | 9900 | €78,729 | €42,443 | -€36,286 | -46.1% |
| Operating profit (loss) | 9901 | €5,790 | -€31,875 | -€37,664 | |
| Financial income | 75/76B | €149 | €960 | +€811 | +543% |
| Recurring financial income | 75 | €149 | €960 | +€811 | +543% |
| Financial charges | 65/66B | €14,877 | €6,647 | -€8,230 | -55.3% |
| Recurring financial charges | 65 | €14,877 | €6,647 | -€8,230 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,938 | -€37,562 | -€28,623 | -320% |
| Transfer from deferred taxes | 780 | €37 | €37 | = | 0.0% |
| Income taxes | 67/77 | - | €241 | +€241 | |
| Profit (loss) for the period | 9904 | -€8,901 | -€37,765 | -€28,864 | -324% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,901 | -€37,765 | -€28,864 | -324% |
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 30 October 2026 via checked.be.