LES TITANS: 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.
LES TITANS
Largest movements
- Cash -€25,945
down €25,945 (-86.6%), from €29,976 to €4,031
mainly Trade debts (-€22,082) and Stocks and contracts (-€21,198)
- Stocks and contracts +€21,198
up €21,198 (+125.6%), from €16,883 to €38,081
- Receivables within one year -€4,441
down €4,441 (-37.2%), from €11,934 to €7,494
of which Trade receivables: -€4,445
- Intangible fixed assets -€1,213
down €1,213 (-22.7%), from €5,352 to €4,139
- Trade debts -€22,082
down €22,082 (-86.0%), from €25,682 to €3,600
- Other debts +€5,000
new in 2025: €5,000
- Profit (loss) carried forward +€4,475
up €4,475, from -€2,680 to €1,795
- Debts after one year +€1,500
up €1,500 (+5.3%), from €28,500 to €30,000
- Tax, wage and social debts +€707
up €707 (+109.9%), from €643 to €1,350
- Gross operating margin +€7,863
up €7,863, from -€1,197 to €6,666
- Depreciation +€500
up €500 (+70.2%), from €713 to €1,213
- Taxes +€449
new in 2025: €449
- Other operating charges -€302
down €302 (-39.4%), from €768 to €465
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 | €64,145 | €53,745 | -€10,401 | -16.2% |
| Fixed assets | 21/28 | €5,352 | €4,139 | -€1,213 | -22.7% |
| Intangible fixed assets | 21 | €5,352 | €4,139 | -€1,213 | -22.7% |
| Current assets | 29/58 | €58,793 | €49,605 | -€9,188 | -15.6% |
| Stocks and contracts in progress | 3 | €16,883 | €38,081 | +€21,198 | +125.6% |
| Stocks | 30/36 | €16,883 | €38,081 | +€21,198 | +125.6% |
| Amounts receivable within one year | 40/41 | €11,934 | €7,494 | -€4,441 | -37.2% |
| Trade receivables | 40 | €11,927 | €7,483 | -€4,445 | -37.3% |
| Other amounts receivable | 41 | €7 | €11 | +€4 | +57.8% |
| Cash at bank and in hand | 54/58 | €29,976 | €4,031 | -€25,945 | -86.6% |
| Total equity and liabilities | 10/49 | €64,145 | €53,745 | -€10,401 | -16.2% |
| Equity | 10/15 | €9,320 | €13,795 | +€4,475 | +48.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,680 | €1,795 | +€4,475 | |
| Amounts payable | 17/49 | €54,825 | €39,950 | -€14,876 | -27.1% |
| Amounts payable after more than one year | 17 | €28,500 | €30,000 | +€1,500 | +5.3% |
| Financial debts | 170/4 | €28,500 | €30,000 | +€1,500 | +5.3% |
| Amounts payable within one year | 42/48 | €26,325 | €9,950 | -€16,376 | -62.2% |
| Trade debts | 44 | €25,682 | €3,600 | -€22,082 | -86.0% |
| Suppliers | 440/4 | €25,682 | €3,600 | -€22,082 | -86.0% |
| Taxes, remuneration and social security | 45 | €643 | €1,350 | +€707 | +109.9% |
| Taxes | 450/3 | €643 | €1,350 | +€707 | +109.9% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €1,213 | +€500 | +70.2% |
| Other operating charges | 640/8 | €768 | €465 | -€302 | -39.4% |
| Gross operating margin | 9900 | -€1,197 | €6,666 | +€7,863 | |
| Operating profit (loss) | 9901 | -€2,677 | €4,988 | +€7,665 | |
| Financial charges | 65/66B | €3 | €65 | +€61 | +1921.9% |
| Recurring financial charges | 65 | €3 | €65 | +€61 | +1921.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,680 | €4,924 | +€7,604 | |
| Income taxes | 67/77 | - | €449 | +€449 | |
| Profit (loss) for the period | 9904 | -€2,680 | €4,475 | +€7,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,680 | €4,475 | +€7,155 |
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.