TYGO: 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.
TYGO
Largest movements
- Tangible fixed assets -€2.1m
no longer reported in 2025 (was €2.1m)
- Cash +€146,622
up €146,622 (+182.1%), from €80,536 to €227,157
mainly Investment in fixed assets (net) (+€2.1m) and Accrued charges and deferred income (+€9,700)
- Debts after one year -€1.1m
down €1.1m (-44.6%), from €2.5m to €1.4m
- Revaluation surpluses -€487,440
no longer reported in 2025 (was €487,440)
- Profit (loss) carried forward -€373,648
down €373,648 (-48.0%), from -€779,054 to -€1.2m
- Other operating charges +€351,274
up €351,274 (+33694.7%), from €1,043 to €352,317
- Depreciation -€78,305
no longer reported in 2025 (was €78,305)
- Gross operating margin -€24,778
down €24,778 (-44.0%), from €56,294 to €31,516
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 | €2,183,614 | €235,823 | -€1.9m | -89.2% |
| Fixed assets | 21/28 | €2,097,700 | - | -€2.1m | |
| Tangible fixed assets | 22/27 | €2,097,700 | - | -€2.1m | |
| Land and buildings | 22 | €2,097,700 | - | -€2.1m | |
| Current assets | 29/58 | €85,913 | €235,823 | +€149,909 | +174.5% |
| Amounts receivable within one year | 40/41 | €5,077 | €5,077 | = | 0.0% |
| Trade receivables | 40 | €5,077 | €5,077 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €80,536 | €227,157 | +€146,622 | +182.1% |
| Deferred charges and accrued income | 490/1 | €300 | €3,588 | +€3,288 | +1094.9% |
| Total equity and liabilities | 10/49 | €2,183,614 | €235,823 | -€1.9m | -89.2% |
| Equity | 10/15 | -€285,415 | -€1,146,503 | -€861,088 | -301.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €487,440 | - | -€487,440 | |
| Profit (loss) carried forward | 14 | -€779,054 | -€1,152,703 | -€373,648 | -48.0% |
| Amounts payable | 17/49 | €2,469,028 | €1,382,326 | -€1.1m | -44.0% |
| Amounts payable after more than one year | 17 | €2,469,028 | €1,369,028 | -€1.1m | -44.6% |
| Financial debts | 170/4 | €2,469,028 | €1,369,028 | -€1.1m | -44.6% |
| Amounts payable within one year | 42/48 | - | €3,597 | +€3,597 | |
| Trade debts | 44 | - | €3,597 | +€3,597 | |
| Suppliers | 440/4 | - | €3,597 | +€3,597 | |
| Accrued charges and deferred income | 492/3 | - | €9,700 | +€9,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,305 | - | -€78,305 | |
| Other operating charges | 640/8 | €1,043 | €352,317 | +€351,274 | +33694.7% |
| Gross operating margin | 9900 | €56,294 | €31,516 | -€24,778 | -44.0% |
| Operating profit (loss) | 9901 | -€23,054 | -€320,801 | -€297,747 | -1291.5% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €53,140 | €52,856 | -€284 | -0.5% |
| Recurring financial charges | 65 | €53,140 | €52,856 | -€284 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€76,193 | -€373,648 | -€297,455 | -390.4% |
| Profit (loss) for the period | 9904 | -€76,193 | -€373,648 | -€297,455 | -390.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,193 | -€373,648 | -€297,455 | -390.4% |
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 30 September 2026 via checked.be.