L. TITS: 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.
L. TITS
Largest movements
- Cash +€9,118
up €9,118 (+22.0%), from €41,500 to €50,618
mainly Other debts (+€11,690) and Deferred charges and accrued income (+€2,380)
- Deferred charges and accrued income -€2,380
down €2,380 (-75.7%), from €3,145 to €766
- Other debts +€11,690
up €11,690 (+51.5%), from €22,686 to €34,376
- Profit (loss) carried forward -€7,284
down €7,284, from €0 to -€7,284
- Accrued charges and deferred income +€1,628
up €1,628 (+20.9%), from €7,777 to €9,405
- Tax, wage and social debts -€974
down €974 (-36.2%), from €2,693 to €1,719
- Trade debts +€925
up €925 (+22.0%), from €4,204 to €5,129
- Gross operating margin -€32,047
down €32,047, from €27,268 to -€4,779
- Financial charges -€1,396
down €1,396 (-74.1%), from €1,883 to €487
- Taxes -€975
down €975 (-85.5%), from €1,140 to €165
- Other operating charges -€575
down €575 (-100.0%), from €575 to €0
- Depreciation -€535
down €535 (-22.4%), from €2,388 to €1,853
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 | €62,015 | €68,001 | +€5,986 | +9.7% |
| Fixed assets | 21/28 | €13,914 | €13,507 | -€407 | -2.9% |
| Tangible fixed assets | 22/27 | €1,420 | €1,013 | -€407 | -28.7% |
| Furniture and vehicles | 24 | €1,420 | €1,013 | -€407 | -28.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €12,494 | €12,494 | = | 0.0% |
| Current assets | 29/58 | €48,101 | €54,494 | +€6,392 | +13.3% |
| Stocks and contracts in progress | 3 | €210 | €0 | -€210 | -100.0% |
| Contracts in progress | 37 | €210 | €0 | -€210 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,246 | €3,110 | -€136 | -4.2% |
| Trade receivables | 40 | €3,246 | €275 | -€2,971 | -91.5% |
| Other amounts receivable | 41 | - | €2,835 | +€2,835 | |
| Cash at bank and in hand | 54/58 | €41,500 | €50,618 | +€9,118 | +22.0% |
| Deferred charges and accrued income | 490/1 | €3,145 | €766 | -€2,380 | -75.7% |
| Total equity and liabilities | 10/49 | €62,015 | €68,001 | +€5,986 | +9.7% |
| Equity | 10/15 | €24,656 | €17,371 | -€7,284 | -29.5% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €5,956 | €5,956 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,870 | €1,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,870 | €1,870 | = | 0.0% |
| Distributable reserves | 133 | €4,086 | €4,086 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€7,284 | -€7,284 | |
| Amounts payable | 17/49 | €37,359 | €50,629 | +€13,270 | +35.5% |
| Amounts payable within one year | 42/48 | €29,583 | €41,225 | +€11,642 | +39.4% |
| Trade debts | 44 | €4,204 | €5,129 | +€925 | +22.0% |
| Suppliers | 440/4 | €4,204 | €5,129 | +€925 | +22.0% |
| Taxes, remuneration and social security | 45 | €2,693 | €1,719 | -€974 | -36.2% |
| Taxes | 450/3 | €2,693 | €1,719 | -€974 | -36.2% |
| Other amounts payable | 47/48 | €22,686 | €34,376 | +€11,690 | +51.5% |
| Accrued charges and deferred income | 492/3 | €7,777 | €9,405 | +€1,628 | +20.9% |
| Non-recurring operating income | 76A | €7,949 | €0 | -€7,949 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,388 | €1,853 | -€535 | -22.4% |
| Other operating charges | 640/8 | €575 | €0 | -€575 | -100.0% |
| Gross operating margin | 9900 | €27,268 | -€4,779 | -€32,047 | |
| Operating profit (loss) | 9901 | €24,305 | -€6,632 | -€30,937 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Financial charges | 65/66B | €1,883 | €487 | -€1,396 | -74.1% |
| Recurring financial charges | 65 | €1,883 | €487 | -€1,396 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | €22,435 | -€7,119 | -€29,554 | |
| Income taxes | 67/77 | €1,140 | €165 | -€975 | -85.5% |
| Profit (loss) for the period | 9904 | €21,295 | -€7,284 | -€28,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,295 | -€7,284 | -€28,579 |
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 6 October 2026 via checked.be.