TIRCONNELL: 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.
TIRCONNELL
Largest movements
- Cash -€139,023
down €139,023 (-59.4%), from €234,228 to €95,205
mainly Contributions, distributions and other (-€241,904) and Other debts (-€115,104)
- Tangible fixed assets -€12,713
down €12,713 (-47.4%), from €26,820 to €14,107
- Receivables within one year +€9,473
up €9,473 (+102.7%), from €9,228 to €18,701
of which Other amounts receivable: +€9,385
- Receivables after one year -€9,468
no longer reported in 2025 (was €9,468)
- Deferred charges and accrued income +€3,812
up €3,812 (+229.9%), from €1,658 to €5,470
- Other debts -€115,104
down €115,104 (-72.3%), from €159,234 to €44,130
- Reserves -€26,529
down €26,529 (-42.1%), from €63,038 to €36,509
of which Distributable reserves: -€26,529
- Tax, wage and social debts -€11,550
down €11,550 (-31.1%), from €37,172 to €25,622
- Trade debts +€5,275
up €5,275 (+398.7%), from €1,323 to €6,598
- Gross operating margin +€80,813
up €80,813 (+37.8%), from €213,668 to €294,481
- Taxes +€19,440
up €19,440 (+41.9%), from €46,415 to €65,855
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 | €281,402 | €133,483 | -€147,919 | -52.6% |
| Fixed assets | 21/28 | €26,820 | €14,107 | -€12,713 | -47.4% |
| Tangible fixed assets | 22/27 | €26,820 | €14,107 | -€12,713 | -47.4% |
| Furniture and vehicles | 24 | €26,820 | €14,107 | -€12,713 | -47.4% |
| Current assets | 29/58 | €254,582 | €119,376 | -€135,206 | -53.1% |
| Amounts receivable after more than one year | 29 | €9,468 | - | -€9,468 | |
| Other amounts receivable | 291 | €9,468 | - | -€9,468 | |
| Amounts receivable within one year | 40/41 | €9,228 | €18,701 | +€9,473 | +102.7% |
| Trade receivables | 40 | - | €88 | +€88 | |
| Other amounts receivable | 41 | €9,228 | €18,613 | +€9,385 | +101.7% |
| Cash at bank and in hand | 54/58 | €234,228 | €95,205 | -€139,023 | -59.4% |
| Deferred charges and accrued income | 490/1 | €1,658 | €5,470 | +€3,812 | +229.9% |
| Total equity and liabilities | 10/49 | €281,402 | €133,483 | -€147,919 | -52.6% |
| Equity | 10/15 | €81,638 | €55,109 | -€26,529 | -32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,038 | €36,509 | -€26,529 | -42.1% |
| 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 | €61,178 | €34,649 | -€26,529 | -43.4% |
| Amounts payable | 17/49 | €199,764 | €78,374 | -€121,390 | -60.8% |
| Amounts payable within one year | 42/48 | €197,729 | €76,350 | -€121,379 | -61.4% |
| Trade debts | 44 | €1,323 | €6,598 | +€5,275 | +398.7% |
| Suppliers | 440/4 | €1,323 | €6,598 | +€5,275 | +398.7% |
| Taxes, remuneration and social security | 45 | €37,172 | €25,622 | -€11,550 | -31.1% |
| Taxes | 450/3 | €37,172 | €25,622 | -€11,550 | -31.1% |
| Other amounts payable | 47/48 | €159,234 | €44,130 | -€115,104 | -72.3% |
| Accrued charges and deferred income | 492/3 | €2,035 | €2,024 | -€11 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,714 | €12,713 | -€1 | 0.0% |
| Other operating charges | 640/8 | €572 | €558 | -€14 | -2.4% |
| Gross operating margin | 9900 | €213,668 | €294,481 | +€80,813 | +37.8% |
| Operating profit (loss) | 9901 | €200,382 | €281,210 | +€80,828 | +40.3% |
| Financial income | 75/76B | €567 | €331 | -€236 | -41.6% |
| Recurring financial income | 75 | €567 | €331 | -€236 | -41.6% |
| Financial charges | 65/66B | €171 | €311 | +€140 | +81.9% |
| Recurring financial charges | 65 | €171 | €311 | +€140 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €200,778 | €281,230 | +€80,452 | +40.1% |
| Income taxes | 67/77 | €46,415 | €65,855 | +€19,440 | +41.9% |
| Profit (loss) for the period | 9904 | €154,363 | €215,375 | +€61,012 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €154,363 | €215,375 | +€61,012 | +39.5% |
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 5 October 2026 via checked.be.