TIRAM: 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.
TIRAM
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€74
up €74 (+4.1%), from -€1,791 to -€1,717
- Other operating charges +€63
up €63 (+3.2%), from €1,976 to €2,039
- Financial charges -€28
down €28 (-8.3%), from €338 to €310
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 | €1,354,456 | €1,351,430 | -€3,026 | -0.2% |
| Fixed assets | 21/28 | €1,345,922 | €1,345,922 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,345,922 | €1,345,922 | = | 0.0% |
| Land and buildings | 22 | €1,345,922 | €1,345,922 | = | 0.0% |
| Current assets | 29/58 | €8,534 | €5,508 | -€3,026 | -35.5% |
| Cash at bank and in hand | 54/58 | €8,534 | €5,508 | -€3,026 | -35.5% |
| Total equity and liabilities | 10/49 | €1,354,456 | €1,351,430 | -€3,026 | -0.2% |
| Equity | 10/15 | -€857,845 | -€861,912 | -€4,066 | -0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€919,845 | -€923,912 | -€4,066 | -0.4% |
| Amounts payable | 17/49 | €2,212,302 | €2,213,342 | +€1,041 | 0.0% |
| Amounts payable within one year | 42/48 | €2,211,293 | €2,212,302 | +€1,008 | 0.0% |
| Other amounts payable | 47/48 | €2,211,293 | €2,212,302 | +€1,008 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,008 | €1,041 | +€32 | +3.2% |
| Other operating charges | 640/8 | €1,976 | €2,039 | +€63 | +3.2% |
| Gross operating margin | 9900 | -€1,791 | -€1,717 | +€74 | +4.1% |
| Operating profit (loss) | 9901 | -€3,767 | -€3,757 | +€10 | +0.3% |
| Financial charges | 65/66B | €338 | €310 | -€28 | -8.3% |
| Recurring financial charges | 65 | €338 | €310 | -€28 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,105 | -€4,066 | +€38 | +0.9% |
| Profit (loss) for the period | 9904 | -€4,105 | -€4,066 | +€38 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,105 | -€4,066 | +€38 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.