ALOHA TITAN: 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.
ALOHA TITAN
Largest movements
- Stocks and contracts +€24,224
up €24,224 (+6.4%), from €377,550 to €401,774
- Cash -€20,966
down €20,966 (-19.5%), from €107,639 to €86,674
mainly Stocks and contracts (-€24,224) and Net result for the year (-€19,666)
- Tangible fixed assets +€11,946
up €11,946 (+6,387%), from €187 to €12,133
of which Other tangible fixed assets: +€10,780
- Trade debts +€52,700
up €52,700 (+379%), from €13,897 to €66,597
- Reserves -€19,666
down €19,666 (-13.2%), from €149,534 to €129,869
- Tax, wage and social debts -€17,650
down €17,650 (-45.9%), from €38,449 to €20,800
- Gross operating margin +€7,578
up €7,578 (+103%), from €7,343 to €14,921
- Staff costs +€6,805
new in 2025: €6,805
- Taxes +€2,636
up €2,636, from -€2,387 to €249
- Depreciation +€2,450
up €2,450 (+693%), from €353 to €2,803
- Financial charges +€2,236
up €2,236 (+10.6%), from €21,157 to €23,393
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 | €507,004 | €517,593 | +€10,590 | +2.1% |
| Fixed assets | 21/28 | €4,087 | €16,033 | +€11,946 | +292% |
| Tangible fixed assets | 22/27 | €187 | €12,133 | +€11,946 | +6,387% |
| Plant, machinery and equipment | 23 | - | €1,353 | +€1,353 | |
| Furniture and vehicles | 24 | €187 | €0 | -€187 | -100% |
| Other tangible fixed assets | 26 | - | €10,780 | +€10,780 | |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €502,917 | €501,561 | -€1,356 | -0.3% |
| Stocks and contracts in progress | 3 | €377,550 | €401,774 | +€24,224 | +6.4% |
| Stocks | 30/36 | €377,550 | €401,774 | +€24,224 | +6.4% |
| Amounts receivable within one year | 40/41 | €12,072 | €8,179 | -€3,893 | -32.2% |
| Trade receivables | 40 | €8,964 | €4,656 | -€4,308 | -48.1% |
| Other amounts receivable | 41 | €3,108 | €3,523 | +€415 | +13.3% |
| Cash at bank and in hand | 54/58 | €107,639 | €86,674 | -€20,966 | -19.5% |
| Deferred charges and accrued income | 490/1 | €5,655 | €4,934 | -€721 | -12.8% |
| Total equity and liabilities | 10/49 | €507,004 | €517,593 | +€10,590 | +2.1% |
| Equity | 10/15 | €150,534 | €130,869 | -€19,666 | -13.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €149,534 | €129,869 | -€19,666 | -13.2% |
| Distributable reserves | 133 | €149,534 | €129,869 | -€19,666 | -13.2% |
| Amounts payable | 17/49 | €356,470 | €386,725 | +€30,255 | +8.5% |
| Amounts payable after more than one year | 17 | €38,333 | €37,193 | -€1,140 | -3.0% |
| Financial debts | 170/4 | €38,333 | €37,193 | -€1,140 | -3.0% |
| Amounts payable within one year | 42/48 | €304,063 | €337,780 | +€33,717 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €33,046 | €30,791 | -€2,255 | -6.8% |
| Financial debts | 43 | €50,541 | €51,271 | +€730 | +1.4% |
| Credit institutions | 430/8 | €50,541 | €51,271 | +€730 | +1.4% |
| Trade debts | 44 | €13,897 | €66,597 | +€52,700 | +379% |
| Suppliers | 440/4 | €13,897 | €66,597 | +€52,700 | +379% |
| Taxes, remuneration and social security | 45 | €38,449 | €20,800 | -€17,650 | -45.9% |
| Taxes | 450/3 | €38,449 | €20,800 | -€17,650 | -45.9% |
| Other amounts payable | 47/48 | €168,130 | €168,322 | +€192 | +0.1% |
| Accrued charges and deferred income | 492/3 | €14,073 | €11,752 | -€2,321 | -16.5% |
| Non-recurring operating income | 76A | €330 | €0 | -€330 | -100% |
| Remuneration, social security and pensions | 62 | - | €6,805 | +€6,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €2,803 | +€2,450 | +693% |
| Other operating charges | 640/8 | €697 | €1,694 | +€997 | +143% |
| Gross operating margin | 9900 | €7,343 | €14,921 | +€7,578 | +103% |
| Operating profit (loss) | 9901 | €6,293 | €3,619 | -€2,674 | -42.5% |
| Financial income | 75/76B | €67 | €357 | +€290 | +434% |
| Recurring financial income | 75 | €67 | €357 | +€290 | +434% |
| Financial charges | 65/66B | €21,157 | €23,393 | +€2,236 | +10.6% |
| Recurring financial charges | 65 | €21,157 | €23,393 | +€2,236 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,797 | -€19,417 | -€4,620 | -31.2% |
| Income taxes | 67/77 | -€2,387 | €249 | +€2,636 | |
| Profit (loss) for the period | 9904 | -€12,410 | -€19,666 | -€7,255 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,410 | -€19,666 | -€7,255 | -58.5% |
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 18 October 2026 via checked.be.