Tinori: 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.
Tinori
Largest movements
- Receivables within one year +€18,491
up €18,491 (+146%), from €12,662 to €31,153
- Cash +€4,240
up €4,240 (+45.3%), from €9,355 to €13,595
mainly Net result for the year (+€17,971) and Tax, wage and social debts (+€5,809)
- Profit (loss) carried forward +€17,971
up €17,971, from -€14,335 to €3,636
- Tax, wage and social debts +€5,809
up €5,809 (+275%), from €2,110 to €7,918
- Trade debts -€603
down €603 (-86.2%), from €700 to €97
- Financial charges -€20,000
down €20,000 (-99.1%), from €20,182 to €182
of which Non-recurring financial charges: -€20,000
- Gross operating margin +€14,927
up €14,927 (+228%), from €6,542 to €21,470
- Other operating charges +€634
up €634 (+141%), from €451 to €1,085
- Depreciation -€509
down €509 (-32.5%), from €1,567 to €1,058
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 | €22,970 | €46,146 | +€23,176 | +101% |
| Fixed assets | 21/28 | €953 | €1,398 | +€445 | +46.7% |
| Tangible fixed assets | 22/27 | €953 | €1,398 | +€445 | +46.7% |
| Furniture and vehicles | 24 | €953 | €1,398 | +€445 | +46.7% |
| Current assets | 29/58 | €22,017 | €44,748 | +€22,732 | +103% |
| Amounts receivable within one year | 40/41 | €12,662 | €31,153 | +€18,491 | +146% |
| Trade receivables | 40 | €12,662 | €31,153 | +€18,491 | +146% |
| Cash at bank and in hand | 54/58 | €9,355 | €13,595 | +€4,240 | +45.3% |
| Total equity and liabilities | 10/49 | €22,970 | €46,146 | +€23,176 | +101% |
| Equity | 10/15 | €7,665 | €25,636 | +€17,971 | +234% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,335 | €3,636 | +€17,971 | |
| Amounts payable | 17/49 | €15,305 | €20,510 | +€5,206 | +34.0% |
| Amounts payable within one year | 42/48 | €15,305 | €20,510 | +€5,206 | +34.0% |
| Trade debts | 44 | €700 | €97 | -€603 | -86.2% |
| Suppliers | 440/4 | €700 | €97 | -€603 | -86.2% |
| Taxes, remuneration and social security | 45 | €2,110 | €7,918 | +€5,809 | +275% |
| Taxes | 450/3 | €2,110 | €7,918 | +€5,809 | +275% |
| Other amounts payable | 47/48 | €12,495 | €12,495 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,567 | €1,058 | -€509 | -32.5% |
| Other operating charges | 640/8 | €451 | €1,085 | +€634 | +141% |
| Gross operating margin | 9900 | €6,542 | €21,470 | +€14,927 | +228% |
| Operating profit (loss) | 9901 | €4,524 | €19,327 | +€14,802 | +327% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €20,182 | €182 | -€20,000 | -99.1% |
| Recurring financial charges | 65 | €182 | €182 | -€0 | 0.0% |
| Non-recurring financial charges | 66B | €20,000 | - | -€20,000 | |
| Profit (loss) for the period before taxes | 9903 | -€15,658 | €19,183 | +€34,840 | |
| Income taxes | 67/77 | €1,086 | €1,212 | +€126 | +11.6% |
| Profit (loss) for the period | 9904 | -€16,743 | €17,971 | +€34,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,743 | €17,971 | +€34,714 |
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 22 October 2026 via checked.be.