TINTO: 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.
TINTO
Largest movements
- Tangible fixed assets -€11,918
down €11,918 (-60.7%), from €19,638 to €7,720
of which Assets under construction and advance payments: -€9,000
- Cash -€10,025
down €10,025 (-12.6%), from €79,526 to €69,501
mainly Tax, wage and social debts (-€14,525) and Net result for the year (-€13,669)
- Receivables within one year -€4,598
down €4,598 (-11.5%), from €39,970 to €35,372
of which Other amounts receivable: -€20,079
- Deferred charges and accrued income +€4,035
up €4,035 (+308.8%), from €1,307 to €5,341
- Tax, wage and social debts -€14,525
down €14,525 (-25.8%), from €56,232 to €41,707
of which Taxes: -€12,065
- Profit (loss) carried forward -€13,669
down €13,669 (-22.7%), from €60,146 to €46,477
- Trade debts +€7,062
up €7,062 (+28.0%), from €25,246 to €32,308
- Current portion of long-term debt -€2,575
no longer reported in 2025 (was €2,575)
- Gross operating margin -€102,698
down €102,698 (-28.7%), from €357,490 to €254,792
- Taxes -€24,319
down €24,319, from €22,908 to -€1,411
- Other operating charges -€22,287
down €22,287 (-65.2%), from €34,170 to €11,883
- Staff costs -€17,258
down €17,258 (-6.6%), from €259,658 to €242,400
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 | €150,399 | €126,692 | -€23,707 | -15.8% |
| Fixed assets | 21/28 | €29,595 | €16,478 | -€13,118 | -44.3% |
| Intangible fixed assets | 21 | €3,958 | €2,758 | -€1,200 | -30.3% |
| Tangible fixed assets | 22/27 | €19,638 | €7,720 | -€11,918 | -60.7% |
| Plant, machinery and equipment | 23 | €6,622 | €4,670 | -€1,952 | -29.5% |
| Furniture and vehicles | 24 | €3,882 | €3,050 | -€832 | -21.4% |
| Leasing and similar rights | 25 | €134 | - | -€134 | |
| Assets under construction and advance payments | 27 | €9,000 | - | -€9,000 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €120,803 | €110,215 | -€10,589 | -8.8% |
| Amounts receivable within one year | 40/41 | €39,970 | €35,372 | -€4,598 | -11.5% |
| Trade receivables | 40 | €4,396 | €19,878 | +€15,481 | +352.1% |
| Other amounts receivable | 41 | €35,574 | €15,495 | -€20,079 | -56.4% |
| Cash at bank and in hand | 54/58 | €79,526 | €69,501 | -€10,025 | -12.6% |
| Deferred charges and accrued income | 490/1 | €1,307 | €5,341 | +€4,035 | +308.8% |
| Total equity and liabilities | 10/49 | €150,399 | €126,692 | -€23,707 | -15.8% |
| Equity | 10/15 | €66,346 | €52,677 | -€13,669 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,146 | €46,477 | -€13,669 | -22.7% |
| Amounts payable | 17/49 | €84,053 | €74,015 | -€10,038 | -11.9% |
| Amounts payable within one year | 42/48 | €84,053 | €74,015 | -€10,038 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €2,575 | - | -€2,575 | |
| Trade debts | 44 | €25,246 | €32,308 | +€7,062 | +28.0% |
| Suppliers | 440/4 | €25,246 | €32,308 | +€7,062 | +28.0% |
| Taxes, remuneration and social security | 45 | €56,232 | €41,707 | -€14,525 | -25.8% |
| Taxes | 450/3 | €26,620 | €14,555 | -€12,065 | -45.3% |
| Remuneration and social security | 454/9 | €29,611 | €27,152 | -€2,460 | -8.3% |
| Remuneration, social security and pensions | 62 | €259,658 | €242,400 | -€17,258 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,281 | €5,174 | -€107 | -2.0% |
| Other operating charges | 640/8 | €34,170 | €11,883 | -€22,287 | -65.2% |
| Gross operating margin | 9900 | €357,490 | €254,792 | -€102,698 | -28.7% |
| Operating profit (loss) | 9901 | €58,381 | -€4,666 | -€63,046 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.2% |
| Financial charges | 65/66B | €7,852 | €10,414 | +€2,562 | +32.6% |
| Recurring financial charges | 65 | €7,852 | €10,414 | +€2,562 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €50,530 | -€15,079 | -€65,609 | |
| Income taxes | 67/77 | €22,908 | -€1,411 | -€24,319 | |
| Profit (loss) for the period | 9904 | €27,622 | -€13,669 | -€41,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,622 | -€13,669 | -€41,290 |
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.