TIRELINK: 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.
What changed
TIRELINK
NACE 46.720, Wholesale of motor vehicle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€168,160
2024 · €330+€167,830
Equity
€440,341
2024 · €272,181+€168,160
Cash
€827
2024 · €14,076-€13,249
Balance sheet total
€3.3m
2024 · €3.5m-€238,099
Largest movements
Assets
- Receivables within one year -€222,310
down €222,310 (-42.6%), from €522,368 to €300,058
of which Trade receivables: -€130,680
Equity and liabilities
- Other debts -€364,940
down €364,940 (-56.7%), from €643,711 to €278,771
- Reserves +€166,300
up €166,300 (+65.6%), from €253,581 to €419,881
of which Distributable reserves: +€207,260
Income statement
- Financial income +€392,291
new in 2025: €392,291
- Gross operating margin -€166,448
down €166,448, from €154,354 to -€12,094
- Purchases and services +€58,230
new in 2025: €58,230
- Financial charges +€58,076
up €58,076 (+38.5%), from €150,889 to €208,965
- Turnover +€42,000
new in 2025: €42,000
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.
Result 2024
€330
Gross operating margin
-€166,448
Other operating charges
+€57
Financial income
+€392,291
Financial charges
-€58,076
Taxes
-€20,127
Deferred taxes and other
+€20,133
Result 2025
€168,160
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€11,404
Investment
€0
Financing
-€1,845
Cash 2024
€14,076
From operations (derived)
-€11,404
Net result for the year
+€168,160
Depreciation
+€2,540
Receivables within one year
+€222,310
Provisions
-€20,133
Trade debts
-€518
Tax, wage and social debts
-€7,273
Other debts
-€364,940
Accrued charges and deferred income
-€11,550
Financing
-€1,845
Debts after one year
-€3,150
Current portion of long-term debt
+€1,305
Cash 2025
€827
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,498,682 | €3,260,583 | -€238,099 | -6.8% |
| Fixed assets | 21/28 | €2,962,238 | €2,959,698 | -€2,540 | -0.1% |
| Tangible fixed assets | 22/27 | €15,875 | €13,335 | -€2,540 | -16.0% |
| Plant, machinery and equipment | 23 | €15,875 | €13,335 | -€2,540 | -16.0% |
| Financial fixed assets | 28 | €2,946,363 | €2,946,363 | = | 0.0% |
| Current assets | 29/58 | €536,444 | €300,885 | -€235,559 | -43.9% |
| Amounts receivable within one year | 40/41 | €522,368 | €300,058 | -€222,310 | -42.6% |
| Trade receivables | 40 | €130,680 | - | -€130,680 | |
| Other amounts receivable | 41 | €391,688 | €300,058 | -€91,630 | -23.4% |
| Cash at bank and in hand | 54/58 | €14,076 | €827 | -€13,249 | -94.1% |
| Total equity and liabilities | 10/49 | €3,498,682 | €3,260,583 | -€238,099 | -6.8% |
| Equity | 10/15 | €272,181 | €440,341 | +€168,160 | +61.8% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Contributions outside capital | 11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Share premium | 1100/10 | - | €20,460 | +€20,460 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €253,581 | €419,881 | +€166,300 | +65.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €39,100 | - | -€39,100 | |
| Distributable reserves | 133 | €212,621 | €419,881 | +€207,260 | +97.5% |
| Provisions and deferred taxes | 16 | €20,133 | - | -€20,133 | |
| Deferred taxes | 168 | €20,133 | - | -€20,133 | |
| Amounts payable | 17/49 | €3,206,368 | €2,820,242 | -€386,126 | -12.0% |
| Amounts payable after more than one year | 17 | €15,579 | €12,429 | -€3,150 | -20.2% |
| Financial debts | 170/4 | €15,579 | €12,429 | -€3,150 | -20.2% |
| Amounts payable within one year | 42/48 | €3,179,239 | €2,807,813 | -€371,426 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €2,501,845 | €2,503,150 | +€1,305 | +0.1% |
| Trade debts | 44 | €6,774 | €6,256 | -€518 | -7.6% |
| Suppliers | 440/4 | €6,774 | €6,256 | -€518 | -7.6% |
| Taxes, remuneration and social security | 45 | €26,909 | €19,636 | -€7,273 | -27.0% |
| Taxes | 450/3 | €26,909 | €19,636 | -€7,273 | -27.0% |
| Other amounts payable | 47/48 | €643,711 | €278,771 | -€364,940 | -56.7% |
| Accrued charges and deferred income | 492/3 | €11,550 | - | -€11,550 | |
| Turnover | 70 | - | €42,000 | +€42,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €58,230 | +€58,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,540 | €2,540 | = | 0.0% |
| Other operating charges | 640/8 | €588 | €531 | -€57 | -9.7% |
| Gross operating margin | 9900 | €154,354 | -€12,094 | -€166,448 | |
| Operating profit (loss) | 9901 | €151,226 | -€15,165 | -€166,391 | |
| Financial income | 75/76B | - | €392,291 | +€392,291 | |
| Recurring financial income | 75 | - | €392,291 | +€392,291 | |
| Financial charges | 65/66B | €150,889 | €208,965 | +€58,076 | +38.5% |
| Recurring financial charges | 65 | €150,889 | €208,965 | +€58,076 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €337 | €168,161 | +€167,824 | +49,799% |
| Transfer from deferred taxes | 780 | - | €20,133 | +€20,133 | |
| Income taxes | 67/77 | €7 | €20,134 | +€20,127 | +287,529% |
| Profit (loss) for the period | 9904 | €330 | €168,160 | +€167,830 | +50,858% |
| Transfer from tax-exempt reserves | 789 | - | €39,100 | +€39,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €330 | €207,260 | +€206,930 | +62,706% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.