TYNESO: 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.
TYNESO
Largest movements
- Receivables after one year -€185,200
down €185,200 (-100.0%), from €185,200 to €0
- Receivables within one year -€163,892
down €163,892 (-10.9%), from €1.5m to €1.3m
of which Trade receivables: -€162,647
- Deferred charges and accrued income +€113,521
up €113,521 (+168.9%), from €67,216 to €180,736
- Cash -€87,654
down €87,654 (-99.9%), from €87,774 to €120
mainly Short-term financial debts (-€256,111) and Current portion of long-term debt (-€177,660)
- Tangible fixed assets +€55,013
up €55,013 (+56.3%), from €97,778 to €152,792
of which Other tangible fixed assets: +€38,248
- Short-term financial debts -€256,111
down €256,111 (-47.4%), from €540,486 to €284,375
of which Credit institutions: -€261,231
- Current portion of long-term debt -€177,660
down €177,660 (-53.1%), from €334,671 to €157,011
- Profit (loss) carried forward +€175,731
up €175,731 (+81.6%), from €215,367 to €391,098
- Accrued charges and deferred income +€92,233
up €92,233 (+7686.1%), from €1,200 to €93,433
- Trade debts -€53,069
down €53,069 (-12.9%), from €411,492 to €358,423
- Staff costs -€293,443
down €293,443 (-16.7%), from €1.8m to €1.5m
- Gross operating margin -€132,371
down €132,371 (-6.7%), from €2.0m to €1.8m
- Taxes +€48,549
up €48,549, from €0 to €48,549
- Financial charges +€47,773
up €47,773 (+76.2%), from €62,697 to €110,469
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 | €1,970,774 | €1,704,120 | -€266,654 | -13.5% |
| Fixed assets | 21/28 | €116,489 | €167,758 | +€51,269 | +44.0% |
| Intangible fixed assets | 21 | €14,397 | €10,653 | -€3,744 | -26.0% |
| Tangible fixed assets | 22/27 | €97,778 | €152,792 | +€55,013 | +56.3% |
| Plant, machinery and equipment | 23 | €27,835 | €31,615 | +€3,781 | +13.6% |
| Furniture and vehicles | 24 | €5,564 | €18,549 | +€12,985 | +233.4% |
| Other tangible fixed assets | 26 | €64,380 | €102,628 | +€38,248 | +59.4% |
| Financial fixed assets | 28 | €4,313 | €4,313 | = | 0.0% |
| Current assets | 29/58 | €1,854,285 | €1,536,362 | -€317,923 | -17.1% |
| Amounts receivable after more than one year | 29 | €185,200 | €0 | -€185,200 | -100.0% |
| Other amounts receivable | 291 | €185,200 | €0 | -€185,200 | -100.0% |
| Stocks and contracts in progress | 3 | €10,004 | €15,305 | +€5,301 | +53.0% |
| Stocks | 30/36 | €10,004 | €15,305 | +€5,301 | +53.0% |
| Amounts receivable within one year | 40/41 | €1,504,092 | €1,340,201 | -€163,892 | -10.9% |
| Trade receivables | 40 | €1,252,942 | €1,090,295 | -€162,647 | -13.0% |
| Other amounts receivable | 41 | €251,150 | €249,905 | -€1,245 | -0.5% |
| Cash at bank and in hand | 54/58 | €87,774 | €120 | -€87,654 | -99.9% |
| Deferred charges and accrued income | 490/1 | €67,216 | €180,736 | +€113,521 | +168.9% |
| Total equity and liabilities | 10/49 | €1,970,774 | €1,704,120 | -€266,654 | -13.5% |
| Equity | 10/15 | €306,966 | €482,697 | +€175,731 | +57.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €29,599 | €29,599 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €53 | €53 | = | 0.0% |
| Distributable reserves | 133 | €23,346 | €23,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,367 | €391,098 | +€175,731 | +81.6% |
| Amounts payable | 17/49 | €1,663,808 | €1,221,423 | -€442,385 | -26.6% |
| Amounts payable after more than one year | 17 | €165,351 | €137,340 | -€28,012 | -16.9% |
| Financial debts | 170/4 | €165,351 | €137,340 | -€28,012 | -16.9% |
| Amounts payable within one year | 42/48 | €1,497,256 | €990,650 | -€506,606 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €334,671 | €157,011 | -€177,660 | -53.1% |
| Financial debts | 43 | €540,486 | €284,375 | -€256,111 | -47.4% |
| Credit institutions | 430/8 | €540,486 | €279,255 | -€261,231 | -48.3% |
| Other loans | 439 | - | €5,120 | +€5,120 | |
| Trade debts | 44 | €411,492 | €358,423 | -€53,069 | -12.9% |
| Suppliers | 440/4 | €411,492 | €358,423 | -€53,069 | -12.9% |
| Taxes, remuneration and social security | 45 | €210,608 | €190,783 | -€19,825 | -9.4% |
| Taxes | 450/3 | €74,624 | €34,970 | -€39,654 | -53.1% |
| Remuneration and social security | 454/9 | €135,984 | €155,812 | +€19,829 | +14.6% |
| Other amounts payable | 47/48 | - | €58 | +€58 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €93,433 | +€92,233 | +7686.1% |
| Remuneration, social security and pensions | 62 | €1,754,357 | €1,460,914 | -€293,443 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,429 | €41,498 | -€2,931 | -6.6% |
| Other operating charges | 640/8 | €12,790 | €1,335 | -€11,455 | -89.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,969,113 | €1,836,742 | -€132,371 | -6.7% |
| Operating profit (loss) | 9901 | €157,538 | €332,995 | +€175,458 | +111.4% |
| Financial income | 75/76B | €0 | €1,363 | +€1,363 | |
| Recurring financial income | 75 | €0 | €1,363 | +€1,363 | |
| Financial charges | 65/66B | €62,697 | €110,469 | +€47,773 | +76.2% |
| Recurring financial charges | 65 | €62,697 | €110,469 | +€47,773 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | €94,841 | €223,889 | +€129,048 | +136.1% |
| Income taxes | 67/77 | €0 | €48,549 | +€48,549 | |
| Profit (loss) for the period | 9904 | €94,841 | €175,340 | +€80,499 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €94,841 | €175,340 | +€80,499 | +84.9% |
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 11 October 2026 via checked.be.