TYTGAT: 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.
TYTGAT
Largest movements
- Cash -€745,979
down €745,979 (-98.8%), from €755,074 to €9,095
mainly Other debts (-€627,738) and Contributions, distributions and other (-€412,465)
- Receivables within one year +€143,092
up €143,092 (+42.4%), from €337,232 to €480,324
of which Other amounts receivable: +€171,914
- Tangible fixed assets +€138,869
up €138,869 (+6.7%), from €2.1m to €2.2m
of which Land and buildings: +€130,348
- Other debts -€627,738
down €627,738 (-77.8%), from €807,264 to €179,526
- Debts after one year +€152,066
up €152,066 (+21.7%), from €699,663 to €851,730
- Reserves -€47,173
down €47,173 (-2.6%), from €1.8m to €1.8m
- Gross operating margin -€628,112
down €628,112 (-65.8%), from €954,173 to €326,061
- Financial income +€289,447
up €289,447 (+823%), from €35,169 to €324,616
- Taxes -€47,909
down €47,909 (-42.4%), from €113,097 to €65,188
- Depreciation +€31,633
up €31,633 (+45.6%), from €69,432 to €101,064
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.
Derived cash bridge
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 | €4,059,770 | €3,611,174 | -€448,596 | -11.0% |
| Fixed assets | 21/28 | €2,501,369 | €2,640,237 | +€138,869 | +5.6% |
| Tangible fixed assets | 22/27 | €2,086,764 | €2,225,632 | +€138,869 | +6.7% |
| Land and buildings | 22 | €2,058,808 | €2,189,156 | +€130,348 | +6.3% |
| Plant, machinery and equipment | 23 | €27,105 | €36,477 | +€9,371 | +34.6% |
| Furniture and vehicles | 24 | €850 | €0 | -€850 | -100% |
| Financial fixed assets | 28 | €414,605 | €414,605 | = | 0.0% |
| Current assets | 29/58 | €1,558,401 | €970,936 | -€587,465 | -37.7% |
| Amounts receivable after more than one year | 29 | €465,000 | €465,000 | = | 0.0% |
| Other amounts receivable | 291 | €465,000 | €465,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €337,232 | €480,324 | +€143,092 | +42.4% |
| Trade receivables | 40 | €32,083 | €3,261 | -€28,822 | -89.8% |
| Other amounts receivable | 41 | €305,148 | €477,062 | +€171,914 | +56.3% |
| Cash at bank and in hand | 54/58 | €755,074 | €9,095 | -€745,979 | -98.8% |
| Deferred charges and accrued income | 490/1 | €1,095 | €16,518 | +€15,423 | +1,409% |
| Total equity and liabilities | 10/49 | €4,059,770 | €3,611,174 | -€448,596 | -11.0% |
| Equity | 10/15 | €2,375,451 | €2,328,279 | -€47,173 | -2.0% |
| Contributions | 10/11 | €531,616 | €531,616 | = | 0.0% |
| Reserves | 13 | €1,843,190 | €1,796,018 | -€47,173 | -2.6% |
| Distributable reserves | 133 | €1,843,190 | €1,796,018 | -€47,173 | -2.6% |
| Profit (loss) carried forward | 14 | €645 | €645 | = | 0.0% |
| Amounts payable | 17/49 | €1,684,319 | €1,282,895 | -€401,423 | -23.8% |
| Amounts payable after more than one year | 17 | €699,663 | €851,730 | +€152,066 | +21.7% |
| Financial debts | 170/4 | €699,663 | €851,730 | +€152,066 | +21.7% |
| Amounts payable within one year | 42/48 | €984,655 | €416,547 | -€568,108 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €86,550 | €111,220 | +€24,670 | +28.5% |
| Financial debts | 43 | - | €11,834 | +€11,834 | |
| Credit institutions | 430/8 | - | €11,834 | +€11,834 | |
| Trade debts | 44 | €9,500 | €2,504 | -€6,997 | -73.6% |
| Suppliers | 440/4 | €9,500 | €2,504 | -€6,997 | -73.6% |
| Taxes, remuneration and social security | 45 | €81,341 | €111,464 | +€30,123 | +37.0% |
| Taxes | 450/3 | €81,341 | €111,464 | +€30,123 | +37.0% |
| Other amounts payable | 47/48 | €807,264 | €179,526 | -€627,738 | -77.8% |
| Accrued charges and deferred income | 492/3 | €0 | €14,618 | +€14,618 | |
| Non-recurring operating income | 76A | €739,133 | €0 | -€739,133 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,432 | €101,064 | +€31,633 | +45.6% |
| Other operating charges | 640/8 | €8,973 | €10,669 | +€1,696 | +18.9% |
| Non-recurring operating charges | 66A | - | €75,660 | +€75,660 | |
| Gross operating margin | 9900 | €954,173 | €326,061 | -€628,112 | -65.8% |
| Operating profit (loss) | 9901 | €875,768 | €138,667 | -€737,101 | -84.2% |
| Financial income | 75/76B | €35,169 | €324,616 | +€289,447 | +823% |
| Recurring financial income | 75 | €35,169 | €324,616 | +€289,447 | +823% |
| Financial charges | 65/66B | €26,952 | €32,803 | +€5,851 | +21.7% |
| Recurring financial charges | 65 | €26,952 | €32,803 | +€5,851 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €883,985 | €430,481 | -€453,504 | -51.3% |
| Income taxes | 67/77 | €113,097 | €65,188 | -€47,909 | -42.4% |
| Profit (loss) for the period | 9904 | €770,888 | €365,292 | -€405,595 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €770,888 | €365,292 | -€405,595 | -52.6% |
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 30 October 2026 via checked.be.