TYREMASTERS: 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.
TYREMASTERS
Largest movements
- Cash +€217,882
up €217,882 (+113.9%), from €191,275 to €409,157
mainly Receivables within one year (+€148,640) and Net result for the year (+€114,687)
- Receivables within one year -€148,640
down €148,640 (-34.4%), from €431,727 to €283,087
of which Trade receivables: -€217,062
- Stocks and contracts +€23,067
up €23,067 (+32.6%), from €70,841 to €93,908
- Profit (loss) carried forward +€114,687
up €114,687 (+68.5%), from €167,531 to €282,218
- Other debts -€64,960
no longer reported in 2025 (was €64,960)
- Trade debts +€45,202
up €45,202 (+15.5%), from €291,637 to €336,839
- Staff costs +€92,813
up €92,813 (+42.9%), from €216,260 to €309,074
- Taxes +€35,660
up €35,660 (+11960.5%), from €298 to €35,958
- Gross operating margin +€30,616
up €30,616 (+6.8%), from €449,067 to €479,683
- Depreciation +€12,121
up €12,121 (+103.6%), from €11,696 to €23,817
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 | €761,091 | €859,514 | +€98,422 | +12.9% |
| Fixed assets | 21/28 | €62,299 | €68,160 | +€5,861 | +9.4% |
| Intangible fixed assets | 21 | - | €2,587 | +€2,587 | |
| Tangible fixed assets | 22/27 | €59,400 | €62,673 | +€3,273 | +5.5% |
| Plant, machinery and equipment | 23 | €12,142 | €12,595 | +€453 | +3.7% |
| Furniture and vehicles | 24 | €42,293 | €36,076 | -€6,217 | -14.7% |
| Other tangible fixed assets | 26 | €4,965 | €14,002 | +€9,037 | +182.0% |
| Financial fixed assets | 28 | €2,899 | €2,899 | = | 0.0% |
| Current assets | 29/58 | €698,792 | €791,354 | +€92,562 | +13.2% |
| Stocks and contracts in progress | 3 | €70,841 | €93,908 | +€23,067 | +32.6% |
| Stocks | 30/36 | €70,841 | €93,908 | +€23,067 | +32.6% |
| Amounts receivable within one year | 40/41 | €431,727 | €283,087 | -€148,640 | -34.4% |
| Trade receivables | 40 | €394,133 | €177,071 | -€217,062 | -55.1% |
| Other amounts receivable | 41 | €37,594 | €106,015 | +€68,422 | +182.0% |
| Cash at bank and in hand | 54/58 | €191,275 | €409,157 | +€217,882 | +113.9% |
| Deferred charges and accrued income | 490/1 | €4,950 | €5,203 | +€253 | +5.1% |
| Total equity and liabilities | 10/49 | €761,091 | €859,514 | +€98,422 | +12.9% |
| Equity | 10/15 | €200,531 | €315,218 | +€114,687 | +57.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,531 | €282,218 | +€114,687 | +68.5% |
| Amounts payable | 17/49 | €560,561 | €544,296 | -€16,265 | -2.9% |
| Amounts payable within one year | 42/48 | €560,561 | €544,296 | -€16,265 | -2.9% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €291,637 | €336,839 | +€45,202 | +15.5% |
| Suppliers | 440/4 | €291,637 | €336,839 | +€45,202 | +15.5% |
| Taxes, remuneration and social security | 45 | €78,965 | €82,457 | +€3,493 | +4.4% |
| Taxes | 450/3 | €60,510 | €60,696 | +€185 | +0.3% |
| Remuneration and social security | 454/9 | €18,454 | €21,762 | +€3,307 | +17.9% |
| Other amounts payable | 47/48 | €64,960 | - | -€64,960 | |
| Remuneration, social security and pensions | 62 | €216,260 | €309,074 | +€92,813 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,696 | €23,817 | +€12,121 | +103.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€450 | - | +€450 | |
| Other operating charges | 640/8 | €1,057 | €400 | -€658 | -62.2% |
| Non-recurring operating charges | 66A | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | €449,067 | €479,683 | +€30,616 | +6.8% |
| Operating profit (loss) | 9901 | €218,503 | €146,392 | -€72,111 | -33.0% |
| Financial income | 75/76B | €6,852 | €10,708 | +€3,856 | +56.3% |
| Recurring financial income | 75 | €6,852 | €10,708 | +€3,856 | +56.3% |
| Financial charges | 65/66B | €7,692 | €6,455 | -€1,236 | -16.1% |
| Recurring financial charges | 65 | €7,692 | €6,455 | -€1,236 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €217,663 | €150,645 | -€67,018 | -30.8% |
| Income taxes | 67/77 | €298 | €35,958 | +€35,660 | +11960.5% |
| Profit (loss) for the period | 9904 | €217,365 | €114,687 | -€102,678 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €217,365 | €114,687 | -€102,678 | -47.2% |
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.