Tinman: 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.
Tinman
Largest movements
- Cash +€287,092
up €287,092 (+876%), from €32,784 to €319,876
mainly Current investments (+€222,663) and Net result for the year (+€93,296)
- Current investments -€222,663
down €222,663 (-61.5%), from €362,002 to €139,339
- Reserves +€37,948
up €37,948 (+10.3%), from €368,970 to €406,917
of which Distributable reserves: +€37,948
- Other debts +€20,139
up €20,139 (+49.8%), from €40,431 to €60,570
- Financial income +€11,777
up €11,777 (+1,531%), from €769 to €12,546
- Gross operating margin +€9,100
up €9,100 (+7.8%), from €116,071 to €125,172
- Taxes +€6,508
up €6,508 (+20.4%), from €31,884 to €38,391
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 | €434,405 | €492,792 | +€58,386 | +13.4% |
| Fixed assets | 21/28 | €7,565 | €6,035 | -€1,531 | -20.2% |
| Tangible fixed assets | 22/27 | €7,565 | €6,035 | -€1,531 | -20.2% |
| Furniture and vehicles | 24 | €7,565 | €6,035 | -€1,531 | -20.2% |
| Current assets | 29/58 | €426,840 | €486,757 | +€59,917 | +14.0% |
| Amounts receivable within one year | 40/41 | €30,358 | €26,001 | -€4,357 | -14.4% |
| Trade receivables | 40 | €29,497 | €25,420 | -€4,077 | -13.8% |
| Other amounts receivable | 41 | €861 | €581 | -€280 | -32.5% |
| Current investments | 50/53 | €362,002 | €139,339 | -€222,663 | -61.5% |
| Cash at bank and in hand | 54/58 | €32,784 | €319,876 | +€287,092 | +876% |
| Deferred charges and accrued income | 490/1 | €1,696 | €1,541 | -€155 | -9.2% |
| Total equity and liabilities | 10/49 | €434,405 | €492,792 | +€58,386 | +13.4% |
| Equity | 10/15 | €381,370 | €417,120 | +€35,750 | +9.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €368,970 | €406,917 | +€37,948 | +10.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €367,110 | €405,057 | +€37,948 | +10.3% |
| Profit (loss) carried forward | 14 | €0 | -€2,198 | -€2,198 | |
| Amounts payable | 17/49 | €53,036 | €75,672 | +€22,637 | +42.7% |
| Amounts payable within one year | 42/48 | €53,036 | €75,672 | +€22,637 | +42.7% |
| Financial debts | 43 | €254 | €513 | +€258 | +102% |
| Credit institutions | 430/8 | €254 | €513 | +€258 | +102% |
| Trade debts | 44 | €729 | €2,999 | +€2,270 | +311% |
| Suppliers | 440/4 | €729 | €2,999 | +€2,270 | +311% |
| Taxes, remuneration and social security | 45 | €11,621 | €11,590 | -€31 | -0.3% |
| Taxes | 450/3 | €11,621 | €11,590 | -€31 | -0.3% |
| Other amounts payable | 47/48 | €40,431 | €60,570 | +€20,139 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,444 | €4,523 | +€1,079 | +31.3% |
| Other operating charges | 640/8 | €1,355 | €994 | -€361 | -26.7% |
| Gross operating margin | 9900 | €116,071 | €125,172 | +€9,100 | +7.8% |
| Operating profit (loss) | 9901 | €111,273 | €119,655 | +€8,383 | +7.5% |
| Financial income | 75/76B | €769 | €12,546 | +€11,777 | +1,531% |
| Recurring financial income | 75 | €769 | €12,546 | +€11,777 | +1,531% |
| Financial charges | 65/66B | €507 | €513 | +€6 | +1.2% |
| Recurring financial charges | 65 | €507 | €513 | +€6 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €111,535 | €131,688 | +€20,153 | +18.1% |
| Income taxes | 67/77 | €31,884 | €38,391 | +€6,508 | +20.4% |
| Profit (loss) for the period | 9904 | €79,651 | €93,296 | +€13,645 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,651 | €93,296 | +€13,645 | +17.1% |
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 14 October 2026 via checked.be.