TIRIOTEC: 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.
TIRIOTEC
Largest movements
- Current investments +€32,501
new in 2025: €32,501
- Cash -€31,623
down €31,623 (-40.0%), from €79,084 to €47,460
mainly Current investments (-€32,501) and Investment in fixed assets (net) (-€30,942)
- Tangible fixed assets +€22,447
up €22,447 (+140.8%), from €15,943 to €38,391
of which Furniture and vehicles: +€22,776
- Tax, wage and social debts +€11,060
up €11,060 (+39.8%), from €27,770 to €38,830
of which Taxes: +€10,284
- Reserves +€5,615
up €5,615 (+9.1%), from €61,840 to €67,456
of which Distributable reserves: +€7,475
- Other debts +€3,567
up €3,567 (+22.6%), from €15,817 to €19,385
- Trade debts +€3,474
up €3,474 (+264.1%), from €1,315 to €4,789
- Gross operating margin +€12,492
up €12,492 (+14.4%), from €86,749 to €99,241
- Staff costs +€5,840
up €5,840 (+11.0%), from €53,252 to €59,092
- Depreciation +€2,556
up €2,556 (+43.0%), from €5,939 to €8,495
- Taxes +€1,242
up €1,242 (+14.7%), from €8,469 to €9,711
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 | €125,343 | €149,060 | +€23,717 | +18.9% |
| Fixed assets | 21/28 | €15,943 | €38,391 | +€22,447 | +140.8% |
| Tangible fixed assets | 22/27 | €15,943 | €38,391 | +€22,447 | +140.8% |
| Plant, machinery and equipment | 23 | €11,829 | €11,501 | -€328 | -2.8% |
| Furniture and vehicles | 24 | €4,114 | €26,890 | +€22,776 | +553.6% |
| Current assets | 29/58 | €109,400 | €110,669 | +€1,269 | +1.2% |
| Amounts receivable within one year | 40/41 | €22,943 | €22,115 | -€827 | -3.6% |
| Trade receivables | 40 | €21,138 | €19,643 | -€1,495 | -7.1% |
| Other amounts receivable | 41 | €1,805 | €2,473 | +€668 | +37.0% |
| Current investments | 50/53 | - | €32,501 | +€32,501 | |
| Cash at bank and in hand | 54/58 | €79,084 | €47,460 | -€31,623 | -40.0% |
| Deferred charges and accrued income | 490/1 | €7,373 | €8,592 | +€1,219 | +16.5% |
| Total equity and liabilities | 10/49 | €125,343 | €149,060 | +€23,717 | +18.9% |
| Equity | 10/15 | €80,440 | €86,056 | +€5,615 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,840 | €67,456 | +€5,615 | +9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €59,980 | €67,456 | +€7,475 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,903 | €63,004 | +€18,101 | +40.3% |
| Amounts payable within one year | 42/48 | €44,903 | €63,004 | +€18,101 | +40.3% |
| Trade debts | 44 | €1,315 | €4,789 | +€3,474 | +264.1% |
| Suppliers | 440/4 | €1,315 | €4,789 | +€3,474 | +264.1% |
| Taxes, remuneration and social security | 45 | €27,770 | €38,830 | +€11,060 | +39.8% |
| Taxes | 450/3 | €20,889 | €31,173 | +€10,284 | +49.2% |
| Remuneration and social security | 454/9 | €6,881 | €7,657 | +€776 | +11.3% |
| Other amounts payable | 47/48 | €15,817 | €19,385 | +€3,567 | +22.6% |
| Remuneration, social security and pensions | 62 | €53,252 | €59,092 | +€5,840 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,939 | €8,495 | +€2,556 | +43.0% |
| Other operating charges | 640/8 | €3,163 | €2,457 | -€706 | -22.3% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €86,749 | €99,241 | +€12,492 | +14.4% |
| Operating profit (loss) | 9901 | €24,394 | €29,144 | +€4,749 | +19.5% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €1,177 | €1,616 | +€439 | +37.3% |
| Recurring financial charges | 65 | €1,177 | €1,616 | +€439 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €23,241 | €27,528 | +€4,287 | +18.4% |
| Income taxes | 67/77 | €8,469 | €9,711 | +€1,242 | +14.7% |
| Profit (loss) for the period | 9904 | €14,772 | €17,817 | +€3,045 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,772 | €17,817 | +€3,045 | +20.6% |
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 6 October 2026 via checked.be.