TIRELI: 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.
TIRELI
Largest movements
- Receivables after one year +€40,000
new in 2025: €40,000
- Cash +€20,400
up €20,400 (+17.3%), from €117,857 to €138,256
mainly Net result for the year (+€83,214) and Depreciation (+€1,451)
- Receivables within one year +€17,561
up €17,561 (+382.9%), from €4,586 to €22,147
of which Other amounts receivable: +€13,759
- Tangible fixed assets +€5,680
up €5,680 (+949.6%), from €598 to €6,278
of which Furniture and vehicles: +€4,573
- Reserves +€83,214
up €83,214 (+69.4%), from €119,881 to €203,095
- Gross operating margin -€49,220
down €49,220 (-31.7%), from €155,077 to €105,857
- Taxes -€12,087
down €12,087 (-35.6%), from €33,943 to €21,856
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 | €123,041 | €206,681 | +€83,640 | +68.0% |
| Fixed assets | 21/28 | €598 | €6,278 | +€5,680 | +949.6% |
| Tangible fixed assets | 22/27 | €598 | €6,278 | +€5,680 | +949.6% |
| Land and buildings | 22 | - | €1,106 | +€1,106 | |
| Furniture and vehicles | 24 | €598 | €5,171 | +€4,573 | +764.6% |
| Current assets | 29/58 | €122,443 | €200,403 | +€77,960 | +63.7% |
| Amounts receivable after more than one year | 29 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €4,586 | €22,147 | +€17,561 | +382.9% |
| Trade receivables | 40 | - | €3,802 | +€3,802 | |
| Other amounts receivable | 41 | €4,586 | €18,345 | +€13,759 | +300.0% |
| Cash at bank and in hand | 54/58 | €117,857 | €138,256 | +€20,400 | +17.3% |
| Total equity and liabilities | 10/49 | €123,041 | €206,681 | +€83,640 | +68.0% |
| Equity | 10/15 | €122,881 | €206,095 | +€83,214 | +67.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €119,881 | €203,095 | +€83,214 | +69.4% |
| Distributable reserves | 133 | €119,881 | €203,095 | +€83,214 | +69.4% |
| Amounts payable | 17/49 | €160 | €585 | +€425 | +265.9% |
| Amounts payable within one year | 42/48 | €160 | €410 | +€250 | +156.5% |
| Trade debts | 44 | €160 | €410 | +€250 | +156.5% |
| Suppliers | 440/4 | €160 | €410 | +€250 | +156.5% |
| Accrued charges and deferred income | 492/3 | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €1,451 | +€941 | +184.3% |
| Other operating charges | 640/8 | €710 | €362 | -€348 | -49.0% |
| Gross operating margin | 9900 | €155,077 | €105,857 | -€49,220 | -31.7% |
| Operating profit (loss) | 9901 | €153,857 | €104,044 | -€49,813 | -32.4% |
| Financial income | 75/76B | €11 | €1,157 | +€1,146 | +10688.3% |
| Recurring financial income | 75 | €11 | €1,157 | +€1,146 | +10688.3% |
| Financial charges | 65/66B | €44 | €130 | +€87 | +199.3% |
| Recurring financial charges | 65 | €44 | €130 | +€87 | +199.3% |
| Profit (loss) for the period before taxes | 9903 | €153,824 | €105,070 | -€48,754 | -31.7% |
| Income taxes | 67/77 | €33,943 | €21,856 | -€12,087 | -35.6% |
| Profit (loss) for the period | 9904 | €119,881 | €83,214 | -€36,667 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,881 | €83,214 | -€36,667 | -30.6% |
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 8 October 2026 via checked.be.