TIRECO: 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.
TIRECO
Largest movements
- Cash +€14,174
up €14,174 (+7.3%), from €194,497 to €208,671
mainly Other debts (+€151,183) and Net result for the year (+€93,525)
- Tangible fixed assets +€9,730
new in 2025: €9,730
- Receivables within one year -€4,133
down €4,133 (-19.7%), from €20,962 to €16,829
- Other debts +€151,183
up €151,183 (+298.2%), from €50,701 to €201,884
- Profit (loss) carried forward -€76,475
down €76,475 (-98.7%), from €77,458 to €983
- Reserves -€55,130
down €55,130 (-64.9%), from €84,990 to €29,860
- Tax, wage and social debts -€20,001
down €20,001 (-53.0%), from €37,741 to €17,740
- Trade debts +€17,363
up €17,363 (+647.4%), from €2,682 to €20,045
- Gross operating margin +€39,193
up €39,193 (+50.3%), from €77,981 to €117,173
- Financial income -€6,576
down €6,576 (-73.5%), from €8,942 to €2,366
- Financial charges +€6,388
up €6,388 (+79.3%), from -€8,058 to -€1,670
- Taxes +€5,875
up €5,875 (+30.9%), from €19,016 to €24,892
- Depreciation +€1,867
new in 2025: €1,867
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 | €272,908 | €289,112 | +€16,204 | +5.9% |
| Fixed assets | 21/28 | - | €9,730 | +€9,730 | |
| Tangible fixed assets | 22/27 | - | €9,730 | +€9,730 | |
| Furniture and vehicles | 24 | - | €9,730 | +€9,730 | |
| Current assets | 29/58 | €272,908 | €279,382 | +€6,474 | +2.4% |
| Amounts receivable within one year | 40/41 | €20,962 | €16,829 | -€4,133 | -19.7% |
| Trade receivables | 40 | €20,962 | €16,829 | -€4,133 | -19.7% |
| Current investments | 50/53 | €55,971 | €53,243 | -€2,728 | -4.9% |
| Cash at bank and in hand | 54/58 | €194,497 | €208,671 | +€14,174 | +7.3% |
| Deferred charges and accrued income | 490/1 | €1,478 | €639 | -€839 | -56.7% |
| Total equity and liabilities | 10/49 | €272,908 | €289,112 | +€16,204 | +5.9% |
| Equity | 10/15 | €181,049 | €49,443 | -€131,605 | -72.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,990 | €29,860 | -€55,130 | -64.9% |
| Distributable reserves | 133 | €84,990 | €29,860 | -€55,130 | -64.9% |
| Profit (loss) carried forward | 14 | €77,458 | €983 | -€76,475 | -98.7% |
| Amounts payable | 17/49 | €91,860 | €239,669 | +€147,809 | +160.9% |
| Amounts payable within one year | 42/48 | €91,124 | €239,669 | +€148,545 | +163.0% |
| Trade debts | 44 | €2,682 | €20,045 | +€17,363 | +647.4% |
| Suppliers | 440/4 | €2,682 | €20,045 | +€17,363 | +647.4% |
| Taxes, remuneration and social security | 45 | €37,741 | €17,740 | -€20,001 | -53.0% |
| Taxes | 450/3 | €37,741 | €17,740 | -€20,001 | -53.0% |
| Other amounts payable | 47/48 | €50,701 | €201,884 | +€151,183 | +298.2% |
| Accrued charges and deferred income | 492/3 | €735 | €0 | -€735 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,867 | +€1,867 | |
| Other operating charges | 640/8 | €896 | €925 | +€30 | +3.3% |
| Gross operating margin | 9900 | €77,981 | €117,173 | +€39,193 | +50.3% |
| Operating profit (loss) | 9901 | €77,085 | €114,381 | +€37,296 | +48.4% |
| Financial income | 75/76B | €8,942 | €2,366 | -€6,576 | -73.5% |
| Recurring financial income | 75 | €8,942 | €2,366 | -€6,576 | -73.5% |
| Financial charges | 65/66B | -€8,058 | -€1,670 | +€6,388 | +79.3% |
| Recurring financial charges | 65 | -€8,058 | -€1,670 | +€6,388 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €94,084 | €118,417 | +€24,332 | +25.9% |
| Income taxes | 67/77 | €19,016 | €24,892 | +€5,875 | +30.9% |
| Profit (loss) for the period | 9904 | €75,068 | €93,525 | +€18,457 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,068 | €93,525 | +€18,457 | +24.6% |
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.