Tiret: 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.
Tiret
Largest movements
- Cash -€91,036
down €91,036 (-46.1%), from €197,278 to €106,242
mainly Other debts (-€97,800) and Contributions, distributions and other (-€84,000)
- Stocks and contracts -€32,580
down €32,580 (-100%), from €32,580 to €0
- Receivables within one year -€21,632
down €21,632 (-27.6%), from €78,477 to €56,845
of which Trade receivables: -€23,478
- Other debts -€97,800
down €97,800 (-51.6%), from €189,352 to €91,552
- Trade debts -€35,243
down €35,243 (-77.7%), from €45,360 to €10,118
- Tax, wage and social debts -€19,897
down €19,897 (-44.3%), from €44,896 to €24,998
- Accrued charges and deferred income +€5,179
up €5,179 (+49.6%), from €10,436 to €15,615
- Gross operating margin -€101,309
down €101,309 (-40.9%), from €247,932 to €146,623
- Other operating charges +€32,984
up €32,984 (+16,240%), from €203 to €33,187
- Taxes -€32,660
down €32,660 (-53.7%), from €60,814 to €28,154
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,401 | €163,687 | -€147,714 | -47.4% |
| Fixed assets | 21/28 | €3,066 | €544 | -€2,522 | -82.3% |
| Tangible fixed assets | 22/27 | €3,066 | €544 | -€2,522 | -82.3% |
| Furniture and vehicles | 24 | €3,066 | €544 | -€2,522 | -82.3% |
| Current assets | 29/58 | €308,335 | €163,143 | -€145,192 | -47.1% |
| Stocks and contracts in progress | 3 | €32,580 | €0 | -€32,580 | -100% |
| Stocks | 30/36 | €32,580 | €0 | -€32,580 | -100% |
| Amounts receivable within one year | 40/41 | €78,477 | €56,845 | -€21,632 | -27.6% |
| Trade receivables | 40 | €78,477 | €54,999 | -€23,478 | -29.9% |
| Other amounts receivable | 41 | €0 | €1,846 | +€1,846 | |
| Cash at bank and in hand | 54/58 | €197,278 | €106,242 | -€91,036 | -46.1% |
| Deferred charges and accrued income | 490/1 | €0 | €57 | +€57 | |
| Total equity and liabilities | 10/49 | €311,401 | €163,687 | -€147,714 | -47.4% |
| Equity | 10/15 | €21,357 | €21,404 | +€47 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,357 | €1,404 | +€47 | +3.5% |
| Distributable reserves | 133 | €1,357 | €1,404 | +€47 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €290,044 | €142,283 | -€147,761 | -50.9% |
| Amounts payable within one year | 42/48 | €279,608 | €126,668 | -€152,940 | -54.7% |
| Trade debts | 44 | €45,360 | €10,118 | -€35,243 | -77.7% |
| Suppliers | 440/4 | €45,360 | €10,118 | -€35,243 | -77.7% |
| Taxes, remuneration and social security | 45 | €44,896 | €24,998 | -€19,897 | -44.3% |
| Taxes | 450/3 | €44,896 | €24,998 | -€19,897 | -44.3% |
| Other amounts payable | 47/48 | €189,352 | €91,552 | -€97,800 | -51.6% |
| Accrued charges and deferred income | 492/3 | €10,436 | €15,615 | +€5,179 | +49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,220 | €2,522 | -€1,697 | -40.2% |
| Other operating charges | 640/8 | €203 | €33,187 | +€32,984 | +16,240% |
| Gross operating margin | 9900 | €247,932 | €146,623 | -€101,309 | -40.9% |
| Operating profit (loss) | 9901 | €243,509 | €110,913 | -€132,596 | -54.5% |
| Financial income | 75/76B | €644 | €1,293 | +€650 | +101% |
| Recurring financial income | 75 | €644 | €1,293 | +€650 | +101% |
| Financial charges | 65/66B | €1,525 | €5 | -€1,520 | -99.7% |
| Recurring financial charges | 65 | €1,525 | €5 | -€1,520 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €242,628 | €112,201 | -€130,426 | -53.8% |
| Income taxes | 67/77 | €60,814 | €28,154 | -€32,660 | -53.7% |
| Profit (loss) for the period | 9904 | €181,814 | €84,047 | -€97,766 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €181,814 | €84,047 | -€97,766 | -53.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.