TYNETH: 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.
TYNETH
Largest movements
- Tangible fixed assets -€37,213
down €37,213 (-8.5%), from €436,838 to €399,625
of which Plant, machinery and equipment: -€30,409
- Receivables within one year -€8,435
down €8,435 (-94.9%), from €8,889 to €453
of which Trade receivables: -€5,787
- Cash +€8,374
up €8,374 (+202.0%), from €4,145 to €12,519
mainly Depreciation (+€36,148) and Other debts (+€24,664)
- Profit (loss) carried forward -€57,342
down €57,342 (-159.2%), from -€36,029 to -€93,371
- Other debts +€24,664
up €24,664 (+2073.4%), from €1,190 to €25,853
- Debts after one year -€6,401
down €6,401 (-1.9%), from €332,418 to €326,017
of which Financial debts: -€23,638
- Gross operating margin -€67,374
down €67,374, from €65,182 to -€2,192
- Staff costs -€43,453
down €43,453 (-99.2%), from €43,796 to €343
- Other operating charges +€6,789
up €6,789 (+184.7%), from €3,675 to €10,464
- Taxes +€2,370
up €2,370 (+5000.2%), from €47 to €2,417
- Depreciation -€2,011
down €2,011 (-5.3%), from €38,159 to €36,148
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 | €457,398 | €414,969 | -€42,429 | -9.3% |
| Fixed assets | 21/28 | €438,338 | €399,625 | -€38,713 | -8.8% |
| Tangible fixed assets | 22/27 | €436,838 | €399,625 | -€37,213 | -8.5% |
| Land and buildings | 22 | €95,255 | €92,159 | -€3,097 | -3.3% |
| Plant, machinery and equipment | 23 | €334,446 | €304,036 | -€30,409 | -9.1% |
| Furniture and vehicles | 24 | €7,136 | €3,430 | -€3,707 | -51.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,500 | €0 | -€1,500 | -100.0% |
| Current assets | 29/58 | €19,061 | €15,344 | -€3,716 | -19.5% |
| Stocks and contracts in progress | 3 | €2,546 | €0 | -€2,546 | -100.0% |
| Stocks | 30/36 | €2,546 | €0 | -€2,546 | -100.0% |
| Amounts receivable within one year | 40/41 | €8,889 | €453 | -€8,435 | -94.9% |
| Trade receivables | 40 | €6,039 | €252 | -€5,787 | -95.8% |
| Other amounts receivable | 41 | €2,850 | €201 | -€2,649 | -92.9% |
| Current investments | 50/53 | €1,364 | €1,468 | +€104 | +7.7% |
| Cash at bank and in hand | 54/58 | €4,145 | €12,519 | +€8,374 | +202.0% |
| Deferred charges and accrued income | 490/1 | €2,117 | €903 | -€1,214 | -57.3% |
| Total equity and liabilities | 10/49 | €457,398 | €414,969 | -€42,429 | -9.3% |
| Equity | 10/15 | €96,139 | €38,798 | -€57,342 | -59.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €112,168 | €112,168 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €112,168 | €112,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,029 | -€93,371 | -€57,342 | -159.2% |
| Amounts payable | 17/49 | €361,259 | €376,171 | +€14,912 | +4.1% |
| Amounts payable after more than one year | 17 | €332,418 | €326,017 | -€6,401 | -1.9% |
| Financial debts | 170/4 | €190,308 | €166,670 | -€23,638 | -12.4% |
| Other amounts payable | 178/9 | €142,110 | €159,348 | +€17,238 | +12.1% |
| Amounts payable within one year | 42/48 | €28,841 | €49,998 | +€21,157 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €23,129 | €23,638 | +€509 | +2.2% |
| Trade debts | 44 | €2,036 | €460 | -€1,576 | -77.4% |
| Suppliers | 440/4 | €2,036 | €460 | -€1,576 | -77.4% |
| Taxes, remuneration and social security | 45 | €2,486 | €46 | -€2,440 | -98.2% |
| Taxes | 450/3 | €227 | €46 | -€181 | -79.7% |
| Remuneration and social security | 454/9 | €2,259 | €0 | -€2,259 | -100.0% |
| Other amounts payable | 47/48 | €1,190 | €25,853 | +€24,664 | +2073.4% |
| Accrued charges and deferred income | 492/3 | - | €156 | +€156 | |
| Remuneration, social security and pensions | 62 | €43,796 | €343 | -€43,453 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,159 | €36,148 | -€2,011 | -5.3% |
| Other operating charges | 640/8 | €3,675 | €10,464 | +€6,789 | +184.7% |
| Gross operating margin | 9900 | €65,182 | -€2,192 | -€67,374 | |
| Operating profit (loss) | 9901 | -€20,448 | -€49,147 | -€28,699 | -140.4% |
| Financial income | 75/76B | €172 | €511 | +€339 | +197.0% |
| Recurring financial income | 75 | €172 | €511 | +€339 | +197.0% |
| Financial charges | 65/66B | €6,801 | €6,289 | -€512 | -7.5% |
| Recurring financial charges | 65 | €6,801 | €6,289 | -€512 | -7.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€27,077 | -€54,925 | -€27,848 | -102.8% |
| Income taxes | 67/77 | €47 | €2,417 | +€2,370 | +5000.2% |
| Profit (loss) for the period | 9904 | -€27,124 | -€57,342 | -€30,218 | -111.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,124 | -€57,342 | -€30,218 | -111.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.