TINNE ANTHONIS: 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.
TINNE ANTHONIS
Largest movements
- Cash -€90,830
down €90,830 (-14.8%), from €612,761 to €521,931
mainly Net result for the year (-€65,665) and Investment in fixed assets (net) (-€51,226)
- Tangible fixed assets +€17,091
up €17,091 (+5.4%), from €316,952 to €334,043
of which Land and buildings: +€25,383
- Profit (loss) carried forward -€65,665
down €65,665 (-137.5%), from -€47,751 to -€113,416
- Debts after one year -€12,690
down €12,690 (-12.2%), from €103,738 to €91,048
- Gross operating margin -€24,542
down €24,542 (-960.4%), from -€2,555 to -€27,098
- Depreciation -€4,106
down €4,106 (-10.7%), from €38,241 to €34,135
- Financial income +€2,349
up €2,349 (+162.8%), from €1,443 to €3,793
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 | €943,330 | €861,917 | -€81,413 | -8.6% |
| Fixed assets | 21/28 | €317,202 | €334,293 | +€17,091 | +5.4% |
| Tangible fixed assets | 22/27 | €316,952 | €334,043 | +€17,091 | +5.4% |
| Land and buildings | 22 | €283,593 | €308,976 | +€25,383 | +9.0% |
| Plant, machinery and equipment | 23 | €3,464 | €2,969 | -€495 | -14.3% |
| Furniture and vehicles | 24 | €29,895 | €22,098 | -€7,797 | -26.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €626,128 | €527,624 | -€98,504 | -15.7% |
| Amounts receivable within one year | 40/41 | €13,085 | €5,693 | -€7,393 | -56.5% |
| Trade receivables | 40 | €5,235 | €4,605 | -€630 | -12.0% |
| Other amounts receivable | 41 | €7,850 | €1,088 | -€6,763 | -86.1% |
| Cash at bank and in hand | 54/58 | €612,761 | €521,931 | -€90,830 | -14.8% |
| Deferred charges and accrued income | 490/1 | €282 | €0 | -€282 | -100.0% |
| Total equity and liabilities | 10/49 | €943,330 | €861,917 | -€81,413 | -8.6% |
| Equity | 10/15 | €760,366 | €694,701 | -€65,665 | -8.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €778,117 | €778,117 | = | 0.0% |
| Distributable reserves | 133 | €778,117 | €778,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,751 | -€113,416 | -€65,665 | -137.5% |
| Amounts payable | 17/49 | €182,964 | €167,216 | -€15,748 | -8.6% |
| Amounts payable after more than one year | 17 | €103,738 | €91,048 | -€12,690 | -12.2% |
| Financial debts | 170/4 | €103,738 | €91,048 | -€12,690 | -12.2% |
| Amounts payable within one year | 42/48 | €79,226 | €76,168 | -€3,057 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €12,224 | €12,690 | +€466 | +3.8% |
| Trade debts | 44 | €37 | €5,886 | +€5,848 | +15616.0% |
| Suppliers | 440/4 | €37 | €5,886 | +€5,848 | +15616.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €66,964 | €57,592 | -€9,372 | -14.0% |
| Non-recurring operating income | 76A | €10,400 | €0 | -€10,400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,241 | €34,135 | -€4,106 | -10.7% |
| Other operating charges | 640/8 | €2,006 | €2,029 | +€23 | +1.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,555 | -€27,098 | -€24,542 | -960.4% |
| Operating profit (loss) | 9901 | -€42,802 | -€63,261 | -€20,459 | -47.8% |
| Financial income | 75/76B | €1,443 | €3,793 | +€2,349 | +162.8% |
| Recurring financial income | 75 | €1,443 | €3,793 | +€2,349 | +162.8% |
| Financial charges | 65/66B | €6,125 | €5,949 | -€176 | -2.9% |
| Recurring financial charges | 65 | €6,125 | €5,949 | -€176 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€47,484 | -€65,418 | -€17,934 | -37.8% |
| Income taxes | 67/77 | €267 | €248 | -€19 | -7.1% |
| Profit (loss) for the period | 9904 | -€47,751 | -€65,665 | -€17,915 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,751 | -€65,665 | -€17,915 | -37.5% |
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 6 October 2026 via checked.be.