Tinne Aerts: 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.
Tinne Aerts
Largest movements
- Cash +€108,562
up €108,562 (+292%), from €37,191 to €145,754
mainly Other debts (+€162,557) and Receivables after one year (+€100,000)
- Receivables after one year -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Receivables within one year -€14,553
down €14,553 (-54.7%), from €26,615 to €12,062
of which Other amounts receivable: -€24,553
- Reserves -€214,300
down €214,300 (-82.7%), from €259,006 to €44,707
- Other debts +€162,557
new in 2025: €162,557
- Tax, wage and social debts +€30,000
new in 2025: €30,000
- Contributions +€11,500
up €11,500 (+162%), from €7,100 to €18,600
- Gross operating margin +€27,711
up €27,711 (+322%), from €8,615 to €36,326
- Taxes +€5,766
up €5,766 (+3,358%), from €172 to €5,938
- Other operating charges +€1,806
up €1,806 (+228%), from €793 to €2,599
- Depreciation -€1,183
down €1,183 (-67.8%), from €1,746 to €563
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 | €271,377 | €261,957 | -€9,420 | -3.5% |
| Fixed assets | 21/28 | €4,819 | €3,100 | -€1,719 | -35.7% |
| Intangible fixed assets | 21 | €1,248 | - | -€1,248 | |
| Tangible fixed assets | 22/27 | €1,071 | €600 | -€471 | -44.0% |
| Plant, machinery and equipment | 23 | - | €153 | +€153 | |
| Furniture and vehicles | 24 | €1,071 | €447 | -€624 | -58.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €266,558 | €258,857 | -€7,701 | -2.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Other amounts receivable | 291 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €26,615 | €12,062 | -€14,553 | -54.7% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €26,615 | €2,062 | -€24,553 | -92.3% |
| Cash at bank and in hand | 54/58 | €37,191 | €145,754 | +€108,562 | +292% |
| Deferred charges and accrued income | 490/1 | €2,752 | €1,041 | -€1,710 | -62.2% |
| Total equity and liabilities | 10/49 | €271,377 | €261,957 | -€9,420 | -3.5% |
| Equity | 10/15 | €266,106 | €63,307 | -€202,800 | -76.2% |
| Contributions | 10/11 | €7,100 | €18,600 | +€11,500 | +162% |
| Reserves | 13 | €259,006 | €44,707 | -€214,300 | -82.7% |
| Distributable reserves | 133 | €259,006 | €44,707 | -€214,300 | -82.7% |
| Amounts payable | 17/49 | €5,270 | €198,650 | +€193,379 | +3,669% |
| Amounts payable within one year | 42/48 | €3,770 | €196,259 | +€192,489 | +5,105% |
| Trade debts | 44 | €3,770 | €3,702 | -€69 | -1.8% |
| Suppliers | 440/4 | €3,770 | €3,702 | -€69 | -1.8% |
| Taxes, remuneration and social security | 45 | - | €30,000 | +€30,000 | |
| Taxes | 450/3 | - | €30,000 | +€30,000 | |
| Other amounts payable | 47/48 | - | €162,557 | +€162,557 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €2,391 | +€891 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,746 | €563 | -€1,183 | -67.8% |
| Other operating charges | 640/8 | €793 | €2,599 | +€1,806 | +228% |
| Gross operating margin | 9900 | €8,615 | €36,326 | +€27,711 | +322% |
| Operating profit (loss) | 9901 | €6,077 | €33,164 | +€27,088 | +446% |
| Financial income | 75/76B | €27 | €5 | -€22 | -81.8% |
| Recurring financial income | 75 | €27 | €5 | -€22 | -81.8% |
| Financial charges | 65/66B | €1,779 | €1,531 | -€248 | -13.9% |
| Recurring financial charges | 65 | €1,779 | €1,531 | -€248 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €4,325 | €31,638 | +€27,313 | +631% |
| Income taxes | 67/77 | €172 | €5,938 | +€5,766 | +3,358% |
| Profit (loss) for the period | 9904 | €4,154 | €25,700 | +€21,547 | +519% |
| Profit (loss) for the period to be appropriated | 9905 | €4,154 | €25,700 | +€21,547 | +519% |
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 21 October 2026 via checked.be.