Tinne Steurs: 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 Steurs
Largest movements
- Cash +€11,237
up €11,237 (+1,255%), from €896 to €12,132
mainly Investment in fixed assets (net) (+€9,000) and Net result for the year (+€7,007)
- Tangible fixed assets -€10,268
down €10,268 (-76.9%), from €13,347 to €3,080
- Deferred charges and accrued income +€2,024
up €2,024 (+43.3%), from €4,676 to €6,700
- Profit (loss) carried forward +€7,007
up €7,007 (+2,656%), from €264 to €7,271
- Other debts -€3,173
down €3,173 (-26.9%), from €11,775 to €8,603
- Tax, wage and social debts +€2,841
up €2,841 (+4,307%), from €66 to €2,907
- Current portion of long-term debt -€2,603
no longer reported in 2025 (was €2,603)
- Debts after one year -€1,323
no longer reported in 2025 (was €1,323)
- Gross operating margin +€11,193
up €11,193 (+919%), from €1,217 to €12,411
- Taxes +€2,775
up €2,775 (+4,207%), from €66 to €2,841
- Depreciation +€1,195
up €1,195 (+1,638%), from €73 to €1,268
- Other operating charges +€300
up €300 (+36.8%), from €815 to €1,115
- Financial charges +€190
new in 2025: €190
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 | €18,919 | €21,912 | +€2,993 | +15.8% |
| Fixed assets | 21/28 | €13,347 | €3,080 | -€10,268 | -76.9% |
| Tangible fixed assets | 22/27 | €13,347 | €3,080 | -€10,268 | -76.9% |
| Furniture and vehicles | 24 | €13,347 | €3,080 | -€10,268 | -76.9% |
| Current assets | 29/58 | €5,572 | €18,832 | +€13,261 | +238% |
| Cash at bank and in hand | 54/58 | €896 | €12,132 | +€11,237 | +1,255% |
| Deferred charges and accrued income | 490/1 | €4,676 | €6,700 | +€2,024 | +43.3% |
| Total equity and liabilities | 10/49 | €18,919 | €21,912 | +€2,993 | +15.8% |
| Equity | 10/15 | €2,764 | €9,771 | +€7,007 | +254% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264 | €7,271 | +€7,007 | +2,656% |
| Amounts payable | 17/49 | €16,155 | €12,141 | -€4,014 | -24.8% |
| Amounts payable after more than one year | 17 | €1,323 | - | -€1,323 | |
| Financial debts | 170/4 | €1,323 | - | -€1,323 | |
| Amounts payable within one year | 42/48 | €14,832 | €12,141 | -€2,691 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €2,603 | - | -€2,603 | |
| Trade debts | 44 | €387 | €632 | +€245 | +63.1% |
| Suppliers | 440/4 | €387 | €632 | +€245 | +63.1% |
| Taxes, remuneration and social security | 45 | €66 | €2,907 | +€2,841 | +4,307% |
| Taxes | 450/3 | €66 | €2,907 | +€2,841 | +4,307% |
| Other amounts payable | 47/48 | €11,775 | €8,603 | -€3,173 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73 | €1,268 | +€1,195 | +1,638% |
| Other operating charges | 640/8 | €815 | €1,115 | +€300 | +36.8% |
| Gross operating margin | 9900 | €1,217 | €12,411 | +€11,193 | +919% |
| Operating profit (loss) | 9901 | €330 | €10,028 | +€9,698 | +2,941% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | - | €190 | +€190 | |
| Recurring financial charges | 65 | - | €190 | +€190 | |
| Profit (loss) for the period before taxes | 9903 | €330 | €9,848 | +€9,518 | +2,887% |
| Income taxes | 67/77 | €66 | €2,841 | +€2,775 | +4,207% |
| Profit (loss) for the period | 9904 | €264 | €7,007 | +€6,743 | +2,556% |
| Profit (loss) for the period to be appropriated | 9905 | €264 | €7,007 | +€6,743 | +2,556% |
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 17 October 2026 via checked.be.