TINCC: 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.
TINCC
Largest movements
- Current investments -€2.9m
down €2.9m (-90.7%), from €3.2m to €293,417
- Tangible fixed assets -€72,328
down €72,328 (-4.7%), from €1.6m to €1.5m
of which Land and buildings: -€49,151
- Reserves -€2.7m
down €2.7m (-62.7%), from €4.3m to €1.6m
- Tax, wage and social debts -€150,183
down €150,183 (-94.5%), from €158,847 to €8,664
of which Taxes: -€150,211
- Debts after one year -€125,000
down €125,000 (-50.0%), from €250,000 to €125,000
- Gross operating margin -€2.8m
down €2.8m (-83.0%), from €3.3m to €565,787
- Taxes -€740,782
down €740,782 (-85.0%), from €871,996 to €131,214
- Financial income +€68,648
up €68,648 (+27.8%), from €246,937 to €315,585
of which Financial income: +€84,792
- Depreciation -€43,087
down €43,087 (-37.3%), from €115,415 to €72,328
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 | €4,815,031 | €1,906,186 | -€2.9m | -60.4% |
| Fixed assets | 21/28 | €1,555,431 | €1,483,103 | -€72,328 | -4.7% |
| Tangible fixed assets | 22/27 | €1,555,431 | €1,483,103 | -€72,328 | -4.7% |
| Land and buildings | 22 | €1,494,171 | €1,445,020 | -€49,151 | -3.3% |
| Plant, machinery and equipment | 23 | €1,644 | €1,281 | -€364 | -22.1% |
| Furniture and vehicles | 24 | €59,616 | €36,803 | -€22,813 | -38.3% |
| Current assets | 29/58 | €3,259,600 | €423,082 | -€2.8m | -87.0% |
| Amounts receivable after more than one year | 29 | €3,574 | €16,370 | +€12,796 | +358% |
| Other amounts receivable | 291 | €3,574 | €16,370 | +€12,796 | +358% |
| Amounts receivable within one year | 40/41 | €56,467 | €68,306 | +€11,839 | +21.0% |
| Trade receivables | 40 | €56,467 | €59,101 | +€2,635 | +4.7% |
| Other amounts receivable | 41 | - | €9,204 | +€9,204 | |
| Current investments | 50/53 | €3,161,090 | €293,417 | -€2.9m | -90.7% |
| Cash at bank and in hand | 54/58 | €35,152 | €41,468 | +€6,317 | +18.0% |
| Deferred charges and accrued income | 490/1 | €3,318 | €3,522 | +€204 | +6.1% |
| Total equity and liabilities | 10/49 | €4,815,031 | €1,906,186 | -€2.9m | -60.4% |
| Equity | 10/15 | €4,272,473 | €1,596,538 | -€2.7m | -62.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,270,473 | €1,594,538 | -€2.7m | -62.7% |
| Distributable reserves | 133 | €4,270,473 | €1,594,538 | -€2.7m | -62.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €542,558 | €309,648 | -€232,911 | -42.9% |
| Amounts payable after more than one year | 17 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Financial debts | 170/4 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Amounts payable within one year | 42/48 | €292,536 | €184,597 | -€107,938 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €6,646 | €5,338 | -€1,308 | -19.7% |
| Suppliers | 440/4 | €6,646 | €5,338 | -€1,308 | -19.7% |
| Taxes, remuneration and social security | 45 | €158,847 | €8,664 | -€150,183 | -94.5% |
| Taxes | 450/3 | €155,624 | €5,414 | -€150,211 | -96.5% |
| Remuneration and social security | 454/9 | €3,223 | €3,251 | +€28 | +0.9% |
| Other amounts payable | 47/48 | €2,042 | €45,595 | +€43,553 | +2,132% |
| Accrued charges and deferred income | 492/3 | €23 | €51 | +€28 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,415 | €72,328 | -€43,087 | -37.3% |
| Other operating charges | 640/8 | €1,673 | €2,692 | +€1,018 | +60.8% |
| Gross operating margin | 9900 | €3,337,129 | €565,787 | -€2.8m | -83.0% |
| Operating profit (loss) | 9901 | €3,220,041 | €490,768 | -€2.7m | -84.8% |
| Financial income | 75/76B | €246,937 | €315,585 | +€68,648 | +27.8% |
| Recurring financial income | 75 | €230,794 | €315,585 | +€84,792 | +36.7% |
| Non-recurring financial income | 76B | €16,143 | €0 | -€16,143 | -100% |
| Financial charges | 65/66B | €74,666 | €51,074 | -€23,592 | -31.6% |
| Recurring financial charges | 65 | €74,106 | €51,074 | -€23,032 | -31.1% |
| Non-recurring financial charges | 66B | €560 | €0 | -€560 | -100% |
| Profit (loss) for the period before taxes | 9903 | €3,392,312 | €755,279 | -€2.6m | -77.7% |
| Income taxes | 67/77 | €871,996 | €131,214 | -€740,782 | -85.0% |
| Profit (loss) for the period | 9904 | €2,520,316 | €624,065 | -€1.9m | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,520,316 | €624,065 | -€1.9m | -75.2% |
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 29 October 2026 via checked.be.