TYNE: 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.
TYNE
Largest movements
- Financial fixed assets +€14.4m
up €14.4m (+214%), from €6.7m to €21.2m
- Receivables within one year -€5.8m
down €5.8m (-57.1%), from €10.1m to €4.3m
- Current investments -€5.7m
down €5.7m (-100%), from €5.7m to €0
- Receivables after one year -€2.1m
down €2.1m (-100%), from €2.1m to €0
- Other debts +€2.5m
up €2.5m (+43.3%), from €5.9m to €8.4m
- Reserves -€1.9m
down €1.9m (-18.0%), from €10.5m to €8.6m
- Financial income -€10.4m
down €10.4m (-98.2%), from €10.6m to €195,494
of which Non-recurring financial income: -€10.2m
- Financial charges +€1.8m
up €1.8m (+1,707%), from €106,698 to €1.9m
of which Non-recurring financial charges: +€1.7m
- Gross operating margin -€72,719
down €72,719 (-132%), from -€55,199 to -€127,918
- Taxes -€28,867
down €28,867, from €26,975 to -€1,891
- Staff costs -€9,744
down €9,744 (-100%), from €9,744 to €0
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 | €25,186,034 | €25,824,151 | +€638,116 | +2.5% |
| Fixed assets | 21/28 | €6,868,385 | €21,251,708 | +€14.4m | +209% |
| Tangible fixed assets | 22/27 | €132,131 | €101,019 | -€31,112 | -23.5% |
| Furniture and vehicles | 24 | €132,131 | €101,019 | -€31,112 | -23.5% |
| Financial fixed assets | 28 | €6,736,254 | €21,150,689 | +€14.4m | +214% |
| Current assets | 29/58 | €18,317,650 | €4,572,443 | -€13.7m | -75.0% |
| Amounts receivable after more than one year | 29 | €2,127,600 | €0 | -€2.1m | -100% |
| Other amounts receivable | 291 | €2,127,600 | €0 | -€2.1m | -100% |
| Amounts receivable within one year | 40/41 | €10,101,553 | €4,331,276 | -€5.8m | -57.1% |
| Other amounts receivable | 41 | €10,101,553 | €4,331,276 | -€5.8m | -57.1% |
| Current investments | 50/53 | €5,700,000 | €0 | -€5.7m | -100% |
| Cash at bank and in hand | 54/58 | €118,758 | €82,279 | -€36,480 | -30.7% |
| Deferred charges and accrued income | 490/1 | €269,738 | €158,888 | -€110,850 | -41.1% |
| Total equity and liabilities | 10/49 | €25,186,034 | €25,824,151 | +€638,116 | +2.5% |
| Equity | 10/15 | €19,326,401 | €17,433,631 | -€1.9m | -9.8% |
| Contributions | 10/11 | €8,800,000 | €8,800,000 | = | 0.0% |
| Reserves | 13 | €10,526,401 | €8,633,631 | -€1.9m | -18.0% |
| Distributable reserves | 133 | €10,526,401 | €8,633,631 | -€1.9m | -18.0% |
| Amounts payable | 17/49 | €5,859,633 | €8,390,519 | +€2.5m | +43.2% |
| Amounts payable within one year | 42/48 | €5,859,633 | €8,390,519 | +€2.5m | +43.2% |
| Trade debts | 44 | €4,945 | €1,336 | -€3,610 | -73.0% |
| Suppliers | 440/4 | €4,945 | €1,336 | -€3,610 | -73.0% |
| Taxes, remuneration and social security | 45 | €0 | €380 | +€380 | |
| Taxes | 450/3 | €0 | €380 | +€380 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,854,688 | €8,388,803 | +€2.5m | +43.3% |
| Remuneration, social security and pensions | 62 | €9,744 | €0 | -€9,744 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,430 | €31,112 | +€7,682 | +32.8% |
| Other operating charges | 640/8 | €9,339 | €2,562 | -€6,778 | -72.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€55,199 | -€127,918 | -€72,719 | -132% |
| Operating profit (loss) | 9901 | -€97,713 | -€161,592 | -€63,879 | -65.4% |
| Financial income | 75/76B | €10,608,427 | €195,494 | -€10.4m | -98.2% |
| Recurring financial income | 75 | €373,414 | €195,494 | -€177,920 | -47.6% |
| Non-recurring financial income | 76B | €10,235,013 | €0 | -€10.2m | -100% |
| Financial charges | 65/66B | €106,698 | €1,928,563 | +€1.8m | +1,707% |
| Recurring financial charges | 65 | €106,698 | €211,429 | +€104,731 | +98.2% |
| Non-recurring financial charges | 66B | - | €1,717,134 | +€1.7m | |
| Profit (loss) for the period before taxes | 9903 | €10,404,016 | -€1,894,661 | -€12.3m | |
| Income taxes | 67/77 | €26,975 | -€1,891 | -€28,867 | |
| Profit (loss) for the period | 9904 | €10,377,041 | -€1,892,770 | -€12.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €10,377,041 | -€1,892,770 | -€12.3m |
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 23 October 2026 via checked.be.