TIRATISÙ: what changed
Two fiscal 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.
TIRATISÙ
Largest movements
- Cash -€56,860
down €56,860 (-46.4%), from €122,469 to €65,609
mainly Contributions, distributions and other (-€122,527) and Investment in fixed assets (net) (-€71,761)
- Receivables within one year -€36,665
down €36,665 (-47.4%), from €77,415 to €40,751
of which Other amounts receivable: -€22,037
- Tangible fixed assets +€32,545
up €32,545 (+3.4%), from €957,333 to €989,878
of which Land and buildings: +€30,314
- Reserves -€81,623
down €81,623 (-30.1%), from €271,190 to €189,567
- Other debts +€65,859
new in 2025: €65,859
- Debts after one year -€45,795
down €45,795 (-5.7%), from €807,194 to €761,399
- Gross operating margin +€11,643
up €11,643 (+10.6%), from €109,607 to €121,251
- Depreciation +€7,393
up €7,393 (+22.8%), from €32,473 to €39,866
- Financial charges +€4,343
up €4,343 (+20.1%), from €21,653 to €25,996
- Other operating charges +€1,834
up €1,834 (+89.6%), from €2,046 to €3,880
- Taxes -€1,466
down €1,466 (-11.6%), from €12,634 to €11,169
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 | €1,162,080 | €1,098,630 | -€63,450 | -5.5% |
| Fixed assets | 21/28 | €957,983 | €989,878 | +€31,895 | +3.3% |
| Tangible fixed assets | 22/27 | €957,333 | €989,878 | +€32,545 | +3.4% |
| Land and buildings | 22 | €951,963 | €982,277 | +€30,314 | +3.2% |
| Plant, machinery and equipment | 23 | - | €4,432 | +€4,432 | |
| Furniture and vehicles | 24 | €5,370 | €3,169 | -€2,201 | -41.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €650 | €0 | -€650 | -100.0% |
| Current assets | 29/58 | €204,097 | €108,751 | -€95,345 | -46.7% |
| Amounts receivable within one year | 40/41 | €77,415 | €40,751 | -€36,665 | -47.4% |
| Trade receivables | 40 | €34,839 | €20,212 | -€14,627 | -42.0% |
| Other amounts receivable | 41 | €42,576 | €20,539 | -€22,037 | -51.8% |
| Cash at bank and in hand | 54/58 | €122,469 | €65,609 | -€56,860 | -46.4% |
| Deferred charges and accrued income | 490/1 | €4,212 | €2,392 | -€1,820 | -43.2% |
| Total equity and liabilities | 10/49 | €1,162,080 | €1,098,630 | -€63,450 | -5.5% |
| Equity | 10/15 | €276,190 | €194,567 | -€81,623 | -29.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €271,190 | €189,567 | -€81,623 | -30.1% |
| Distributable reserves | 133 | €271,190 | €189,567 | -€81,623 | -30.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €885,890 | €904,063 | +€18,173 | +2.1% |
| Amounts payable after more than one year | 17 | €807,194 | €761,399 | -€45,795 | -5.7% |
| Financial debts | 170/4 | €807,194 | €761,399 | -€45,795 | -5.7% |
| Amounts payable within one year | 42/48 | €78,696 | €141,098 | +€62,401 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €44,551 | €45,795 | +€1,243 | +2.8% |
| Trade debts | 44 | €13,921 | €9,645 | -€4,276 | -30.7% |
| Suppliers | 440/4 | €13,921 | €9,645 | -€4,276 | -30.7% |
| Taxes, remuneration and social security | 45 | €20,224 | €19,799 | -€425 | -2.1% |
| Taxes | 450/3 | €20,224 | €19,699 | -€525 | -2.6% |
| Remuneration and social security | 454/9 | - | €100 | +€100 | |
| Other amounts payable | 47/48 | - | €65,859 | +€65,859 | |
| Accrued charges and deferred income | 492/3 | €0 | €1,567 | +€1,567 | |
| Non-recurring operating income | 76A | €8,715 | €0 | -€8,715 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,473 | €39,866 | +€7,393 | +22.8% |
| Other operating charges | 640/8 | €2,046 | €3,880 | +€1,834 | +89.6% |
| Gross operating margin | 9900 | €109,607 | €121,251 | +€11,643 | +10.6% |
| Operating profit (loss) | 9901 | €75,088 | €77,505 | +€2,416 | +3.2% |
| Financial income | 75/76B | €1,437 | €563 | -€873 | -60.8% |
| Recurring financial income | 75 | €1,437 | €563 | -€873 | -60.8% |
| Financial charges | 65/66B | €21,653 | €25,996 | +€4,343 | +20.1% |
| Recurring financial charges | 65 | €21,653 | €25,996 | +€4,343 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €54,872 | €52,073 | -€2,799 | -5.1% |
| Income taxes | 67/77 | €12,634 | €11,169 | -€1,466 | -11.6% |
| Profit (loss) for the period | 9904 | €42,238 | €40,904 | -€1,334 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,238 | €40,904 | -€1,334 | -3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.