TIRION: 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.
TIRION
Largest movements
- Tangible fixed assets +€20,161
up €20,161 (+31.3%), from €64,343 to €84,504
of which Plant, machinery and equipment: +€22,585
- Cash -€3,213
down €3,213 (-76.0%), from €4,227 to €1,014
- Profit (loss) carried forward +€17,814
up €17,814 (+3.2%), from -€565,479 to -€547,665
- Other debts +€9,541
up €9,541 (+23.8%), from €40,080 to €49,621
- Trade debts -€8,787
down €8,787 (-79.4%), from €11,067 to €2,280
- Tax, wage and social debts -€1,267
down €1,267 (-88.6%), from €1,430 to €164
- Gross operating margin -€17,343
down €17,343, from €17,148 to -€196
- Depreciation +€3,141
up €3,141 (+259%), from €1,212 to €4,353
- Other operating charges -€1,482
down €1,482 (-31.8%), from €4,666 to €3,185
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,219 | €86,520 | +€17,302 | +25.0% |
| Fixed assets | 21/28 | €64,343 | €84,504 | +€20,161 | +31.3% |
| Tangible fixed assets | 22/27 | €64,343 | €84,504 | +€20,161 | +31.3% |
| Land and buildings | 22 | €64,343 | €61,919 | -€2,424 | -3.8% |
| Plant, machinery and equipment | 23 | - | €22,585 | +€22,585 | |
| Current assets | 29/58 | €4,875 | €2,016 | -€2,859 | -58.6% |
| Amounts receivable within one year | 40/41 | €648 | €1,002 | +€354 | +54.6% |
| Other amounts receivable | 41 | €648 | €1,002 | +€354 | +54.6% |
| Cash at bank and in hand | 54/58 | €4,227 | €1,014 | -€3,213 | -76.0% |
| Total equity and liabilities | 10/49 | €69,219 | €86,520 | +€17,302 | +25.0% |
| Equity | 10/15 | €16,641 | €34,455 | +€17,814 | +107% |
| Contributions | 10/11 | €221,000 | €221,000 | = | 0.0% |
| Capital | 10 | €221,000 | €221,000 | = | 0.0% |
| Issued capital | 100 | €221,000 | €221,000 | = | 0.0% |
| Revaluation surpluses | 12 | €361,120 | €361,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€565,479 | -€547,665 | +€17,814 | +3.2% |
| Amounts payable | 17/49 | €52,577 | €52,065 | -€512 | -1.0% |
| Amounts payable within one year | 42/48 | €52,577 | €52,065 | -€512 | -1.0% |
| Trade debts | 44 | €11,067 | €2,280 | -€8,787 | -79.4% |
| Suppliers | 440/4 | €11,067 | €2,280 | -€8,787 | -79.4% |
| Taxes, remuneration and social security | 45 | €1,430 | €164 | -€1,267 | -88.6% |
| Taxes | 450/3 | €1,430 | €164 | -€1,267 | -88.6% |
| Other amounts payable | 47/48 | €40,080 | €49,621 | +€9,541 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,212 | €4,353 | +€3,141 | +259% |
| Other operating charges | 640/8 | €4,666 | €3,185 | -€1,482 | -31.8% |
| Gross operating margin | 9900 | €17,148 | -€196 | -€17,343 | |
| Operating profit (loss) | 9901 | €11,269 | -€7,733 | -€19,002 | |
| Financial charges | 65/66B | €73 | €74 | +€1 | +1.2% |
| Recurring financial charges | 65 | €73 | €74 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €11,196 | -€7,807 | -€19,003 | |
| Profit (loss) for the period | 9904 | €11,196 | -€7,807 | -€19,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,196 | -€7,807 | -€19,003 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.