IDH TITANIUM: 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.
IDH TITANIUM
Largest movements
- Receivables within one year -€15,559
down €15,559 (-44.4%), from €35,026 to €19,467
- Cash -€1,683
down €1,683 (-85.9%), from €1,960 to €277
mainly Net result for the year (-€13,504) and Accrued charges and deferred income (-€1,450)
- Profit (loss) carried forward -€13,504
down €13,504 (-1.1%), from -€1.2m to -€1.2m
- Accrued charges and deferred income -€1,450
down €1,450 (-81.0%), from €1,790 to €340
- Short-term financial debts -€1,404
down €1,404 (-1.4%), from €98,917 to €97,513
- Gross operating margin +€562
up €562 (+16.4%), from -€3,422 to -€2,860
- Other operating charges -€544
down €544 (-97.5%), from €559 to €14
- Depreciation -€367
no longer reported in 2025 (was €367)
- Financial income -€151
no longer reported in 2025 (was €151)
- Financial charges +€47
up €47 (+0.4%), from €10,583 to €10,630
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 | €116,553 | €99,297 | -€17,256 | -14.8% |
| Fixed assets | 21/28 | €214 | €200 | -€14 | -6.6% |
| Tangible fixed assets | 22/27 | €14 | - | -€14 | |
| Furniture and vehicles | 24 | €14 | - | -€14 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €116,339 | €99,097 | -€17,242 | -14.8% |
| Stocks and contracts in progress | 3 | €79,353 | €79,353 | = | 0.0% |
| Stocks | 30/36 | €79,353 | €79,353 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,026 | €19,467 | -€15,559 | -44.4% |
| Other amounts receivable | 41 | €35,026 | €19,467 | -€15,559 | -44.4% |
| Cash at bank and in hand | 54/58 | €1,960 | €277 | -€1,683 | -85.9% |
| Total equity and liabilities | 10/49 | €116,553 | €99,297 | -€17,256 | -14.8% |
| Equity | 10/15 | -€385,052 | -€398,556 | -€13,504 | -3.5% |
| Contributions | 10/11 | €822,088 | €822,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,207,140 | -€1,220,643 | -€13,504 | -1.1% |
| Amounts payable | 17/49 | €501,605 | €497,853 | -€3,752 | -0.7% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €99,815 | €97,513 | -€2,302 | -2.3% |
| Financial debts | 43 | €98,917 | €97,513 | -€1,404 | -1.4% |
| Credit institutions | 430/8 | €98,917 | €97,513 | -€1,404 | -1.4% |
| Trade debts | 44 | €898 | - | -€898 | |
| Suppliers | 440/4 | €898 | - | -€898 | |
| Accrued charges and deferred income | 492/3 | €1,790 | €340 | -€1,450 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | - | -€367 | |
| Other operating charges | 640/8 | €559 | €14 | -€544 | -97.5% |
| Gross operating margin | 9900 | -€3,422 | -€2,860 | +€562 | +16.4% |
| Operating profit (loss) | 9901 | -€4,347 | -€2,874 | +€1,473 | +33.9% |
| Financial income | 75/76B | €151 | - | -€151 | |
| Recurring financial income | 75 | €151 | - | -€151 | |
| Financial charges | 65/66B | €10,583 | €10,630 | +€47 | +0.4% |
| Recurring financial charges | 65 | €10,583 | €10,630 | +€47 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,779 | -€13,504 | +€1,275 | +8.6% |
| Profit (loss) for the period | 9904 | -€14,779 | -€13,504 | +€1,275 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,779 | -€13,504 | +€1,275 | +8.6% |
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 4 October 2026 via checked.be.