TIRANA: 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.
TIRANA
Largest movements
- Tangible fixed assets -€32,405
down €32,405 (-8.2%), from €393,679 to €361,274
of which Plant, machinery and equipment: -€20,807
- Profit (loss) carried forward -€20,422
down €20,422 (-10.8%), from -€188,599 to -€209,021
- Debts after one year -€16,338
down €16,338 (-10.7%), from €153,350 to €137,011
- Other debts -€11,898
down €11,898 (-2.9%), from €411,499 to €399,600
- Tax, wage and social debts +€8,198
up €8,198 (+134.5%), from €6,095 to €14,294
of which Remuneration and social security: +€9,750
- Accrued charges and deferred income +€4,353
new in 2025: €4,353
- Gross operating margin -€36,045
down €36,045 (-50.8%), from €70,977 to €34,932
- Depreciation -€7,302
down €7,302 (-18.4%), from €39,707 to €32,405
- Other operating charges -€6,380
down €6,380 (-80.1%), from €7,969 to €1,588
- Financial charges +€5,401
up €5,401 (+56.0%), from €9,641 to €15,043
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 | €416,735 | €384,332 | -€32,403 | -7.8% |
| Fixed assets | 21/28 | €393,679 | €361,274 | -€32,405 | -8.2% |
| Tangible fixed assets | 22/27 | €393,679 | €361,274 | -€32,405 | -8.2% |
| Land and buildings | 22 | €285,934 | €275,236 | -€10,698 | -3.7% |
| Plant, machinery and equipment | 23 | €102,615 | €81,809 | -€20,807 | -20.3% |
| Furniture and vehicles | 24 | €5,130 | €4,230 | -€900 | -17.5% |
| Current assets | 29/58 | €23,055 | €23,057 | +€2 | 0.0% |
| Amounts receivable within one year | 40/41 | €3,071 | €2,778 | -€293 | -9.6% |
| Trade receivables | 40 | €2,871 | €2,578 | -€293 | -10.2% |
| Other amounts receivable | 41 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,696 | €19,883 | +€187 | +0.9% |
| Deferred charges and accrued income | 490/1 | €288 | €397 | +€109 | +37.7% |
| Total equity and liabilities | 10/49 | €416,735 | €384,332 | -€32,403 | -7.8% |
| Equity | 10/15 | -€182,399 | -€202,821 | -€20,422 | -11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,599 | -€209,021 | -€20,422 | -10.8% |
| Amounts payable | 17/49 | €599,133 | €587,152 | -€11,981 | -2.0% |
| Amounts payable after more than one year | 17 | €153,350 | €137,011 | -€16,338 | -10.7% |
| Financial debts | 170/4 | €153,350 | €137,011 | -€16,338 | -10.7% |
| Amounts payable within one year | 42/48 | €445,784 | €445,788 | +€4 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €15,829 | €18,063 | +€2,234 | +14.1% |
| Trade debts | 44 | €12,361 | €13,831 | +€1,470 | +11.9% |
| Suppliers | 440/4 | €12,361 | €13,831 | +€1,470 | +11.9% |
| Taxes, remuneration and social security | 45 | €6,095 | €14,294 | +€8,198 | +134.5% |
| Taxes | 450/3 | €6,095 | €4,544 | -€1,552 | -25.5% |
| Remuneration and social security | 454/9 | - | €9,750 | +€9,750 | |
| Other amounts payable | 47/48 | €411,499 | €399,600 | -€11,898 | -2.9% |
| Accrued charges and deferred income | 492/3 | - | €4,353 | +€4,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,707 | €32,405 | -€7,302 | -18.4% |
| Other operating charges | 640/8 | €7,969 | €1,588 | -€6,380 | -80.1% |
| Non-recurring operating charges | 66A | - | €6,319 | +€6,319 | |
| Gross operating margin | 9900 | €70,977 | €34,932 | -€36,045 | -50.8% |
| Operating profit (loss) | 9901 | €23,302 | -€5,379 | -€28,681 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,641 | €15,043 | +€5,401 | +56.0% |
| Recurring financial charges | 65 | €9,641 | €15,043 | +€5,401 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €13,661 | -€20,422 | -€34,083 | |
| Profit (loss) for the period | 9904 | €13,661 | -€20,422 | -€34,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,661 | -€20,422 | -€34,083 |
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 9 October 2026 via checked.be.