TINSTAAFL: 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.
TINSTAAFL
Largest movements
- Tangible fixed assets +€50,757
up €50,757 (+57.2%), from €88,716 to €139,472
of which Furniture and vehicles: +€51,089
- Cash -€25,629
down €25,629 (-39.1%), from €65,570 to €39,941
mainly Investment in fixed assets (net) (-€67,814) and Net result for the year (-€23,700)
- Receivables within one year -€18,684
down €18,684 (-32.4%), from €57,724 to €39,039
of which Trade receivables: -€28,132
- Deferred charges and accrued income -€2,579
down €2,579 (-52.1%), from €4,948 to €2,370
- Debts after one year +€23,977
up €23,977 (+106.3%), from €22,547 to €46,524
- Profit (loss) carried forward -€23,700
down €23,700 (-8905.5%), from -€266 to -€23,966
- Current portion of long-term debt +€12,460
up €12,460 (+117.4%), from €10,614 to €23,073
- Reserves -€5,283
down €5,283 (-2.9%), from €181,206 to €175,923
of which Distributable reserves: -€5,283
- Tax, wage and social debts -€3,127
down €3,127 (-47.4%), from €6,598 to €3,472
- Other operating charges +€31,191
up €31,191 (+750.0%), from €4,159 to €35,350
- Taxes -€8,302
down €8,302 (-96.8%), from €8,576 to €274
- Gross operating margin -€6,516
down €6,516 (-17.5%), from €37,200 to €30,684
- Depreciation +€4,153
up €4,153 (+32.2%), from €12,905 to €17,058
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.
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 | €228,407 | €232,272 | +€3,865 | +1.7% |
| Fixed assets | 21/28 | €88,716 | €139,472 | +€50,757 | +57.2% |
| Tangible fixed assets | 22/27 | €88,716 | €139,472 | +€50,757 | +57.2% |
| Furniture and vehicles | 24 | €88,172 | €139,261 | +€51,089 | +57.9% |
| Other tangible fixed assets | 26 | €544 | €212 | -€332 | -61.1% |
| Current assets | 29/58 | €139,691 | €92,800 | -€46,892 | -33.6% |
| Amounts receivable within one year | 40/41 | €57,724 | €39,039 | -€18,684 | -32.4% |
| Trade receivables | 40 | €52,696 | €24,563 | -€28,132 | -53.4% |
| Other amounts receivable | 41 | €5,028 | €14,476 | +€9,448 | +187.9% |
| Current investments | 50/53 | €11,450 | €11,450 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,570 | €39,941 | -€25,629 | -39.1% |
| Deferred charges and accrued income | 490/1 | €4,948 | €2,370 | -€2,579 | -52.1% |
| Total equity and liabilities | 10/49 | €228,407 | €232,272 | +€3,865 | +1.7% |
| Equity | 10/15 | €187,140 | €158,156 | -€28,984 | -15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,206 | €175,923 | -€5,283 | -2.9% |
| 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 | €179,346 | €174,063 | -€5,283 | -2.9% |
| Profit (loss) carried forward | 14 | -€266 | -€23,966 | -€23,700 | -8905.5% |
| Amounts payable | 17/49 | €41,267 | €74,115 | +€32,848 | +79.6% |
| Amounts payable after more than one year | 17 | €22,547 | €46,524 | +€23,977 | +106.3% |
| Financial debts | 170/4 | €22,547 | €46,524 | +€23,977 | +106.3% |
| Amounts payable within one year | 42/48 | €18,675 | €26,807 | +€8,131 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €10,614 | €23,073 | +€12,460 | +117.4% |
| Trade debts | 44 | €993 | €262 | -€731 | -73.6% |
| Suppliers | 440/4 | €993 | €262 | -€731 | -73.6% |
| Taxes, remuneration and social security | 45 | €6,598 | €3,472 | -€3,127 | -47.4% |
| Taxes | 450/3 | €6,598 | €3,472 | -€3,127 | -47.4% |
| Other amounts payable | 47/48 | €471 | - | -€471 | |
| Accrued charges and deferred income | 492/3 | €45 | €785 | +€740 | +1649.2% |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,905 | €17,058 | +€4,153 | +32.2% |
| Other operating charges | 640/8 | €4,159 | €35,350 | +€31,191 | +750.0% |
| Gross operating margin | 9900 | €37,200 | €30,684 | -€6,516 | -17.5% |
| Operating profit (loss) | 9901 | €20,136 | -€21,724 | -€41,860 | |
| Financial income | 75/76B | €1 | €29 | +€28 | +4064.3% |
| Recurring financial income | 75 | €1 | €29 | +€28 | +4064.3% |
| Financial charges | 65/66B | €1,593 | €1,731 | +€138 | +8.7% |
| Recurring financial charges | 65 | €1,593 | €1,731 | +€138 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €18,544 | -€23,426 | -€41,970 | |
| Income taxes | 67/77 | €8,576 | €274 | -€8,302 | -96.8% |
| Profit (loss) for the period | 9904 | €9,968 | -€23,700 | -€33,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,968 | -€23,700 | -€33,668 |
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 10 October 2026 via checked.be.