SOFT TITANIUM: 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.
SOFT TITANIUM
Largest movements
- Cash -€9,460
down €9,460 (-61.3%), from €15,443 to €5,983
mainly Net result for the year (-€6,240) and Other debts (-€4,000)
- Deferred charges and accrued income -€1,576
down €1,576 (-64.4%), from €2,447 to €871
- Stocks and contracts +€823
up €823 (+23.3%), from €3,537 to €4,360
- Tangible fixed assets +€683
up €683 (+101%), from €678 to €1,361
- Profit (loss) carried forward -€6,240
down €6,240 (-25.0%), from €24,982 to €18,742
- Other debts -€4,000
no longer reported in 2025 (was €4,000)
- Tax, wage and social debts +€564
up €564 (+7.7%), from €7,325 to €7,890
- Gross operating margin -€14,874
down €14,874 (-95.9%), from €15,512 to €638
- Taxes -€2,801
down €2,801 (-86.6%), from €3,233 to €432
- Financial charges -€812
down €812 (-61.2%), from €1,327 to €515
- Staff costs -€594
down €594 (-12.0%), from €4,950 to €4,356
- Other operating charges -€228
down €228 (-19.7%), from €1,160 to €932
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 | €53,313 | €43,920 | -€9,393 | -17.6% |
| Fixed assets | 21/28 | €758 | €1,441 | +€683 | +90.1% |
| Tangible fixed assets | 22/27 | €678 | €1,361 | +€683 | +101% |
| Furniture and vehicles | 24 | €678 | €1,361 | +€683 | +101% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €52,556 | €42,479 | -€10,076 | -19.2% |
| Stocks and contracts in progress | 3 | €3,537 | €4,360 | +€823 | +23.3% |
| Stocks | 30/36 | €3,537 | €4,360 | +€823 | +23.3% |
| Amounts receivable within one year | 40/41 | €31,128 | €31,266 | +€137 | +0.4% |
| Trade receivables | 40 | €22,353 | €22,017 | -€336 | -1.5% |
| Other amounts receivable | 41 | €8,775 | €9,248 | +€474 | +5.4% |
| Cash at bank and in hand | 54/58 | €15,443 | €5,983 | -€9,460 | -61.3% |
| Deferred charges and accrued income | 490/1 | €2,447 | €871 | -€1,576 | -64.4% |
| Total equity and liabilities | 10/49 | €53,313 | €43,920 | -€9,393 | -17.6% |
| Equity | 10/15 | €37,042 | €30,802 | -€6,240 | -16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| Distributable reserves | 133 | €5,860 | €5,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,982 | €18,742 | -€6,240 | -25.0% |
| Amounts payable | 17/49 | €16,271 | €13,118 | -€3,153 | -19.4% |
| Amounts payable within one year | 42/48 | €16,219 | €13,118 | -€3,101 | -19.1% |
| Trade debts | 44 | €4,893 | €5,228 | +€335 | +6.8% |
| Suppliers | 440/4 | €4,893 | €5,228 | +€335 | +6.8% |
| Taxes, remuneration and social security | 45 | €7,325 | €7,890 | +€564 | +7.7% |
| Taxes | 450/3 | €7,325 | €7,890 | +€564 | +7.7% |
| Other amounts payable | 47/48 | €4,000 | - | -€4,000 | |
| Accrued charges and deferred income | 492/3 | €53 | - | -€53 | |
| Remuneration, social security and pensions | 62 | €4,950 | €4,356 | -€594 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678 | €686 | +€8 | +1.1% |
| Other operating charges | 640/8 | €1,160 | €932 | -€228 | -19.7% |
| Gross operating margin | 9900 | €15,512 | €638 | -€14,874 | -95.9% |
| Operating profit (loss) | 9901 | €8,724 | -€5,335 | -€14,059 | |
| Financial income | 75/76B | €0 | €42 | +€41 | +8,798% |
| Recurring financial income | 75 | €0 | €42 | +€41 | +8,798% |
| Financial charges | 65/66B | €1,327 | €515 | -€812 | -61.2% |
| Recurring financial charges | 65 | €1,327 | €515 | -€812 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €7,397 | -€5,808 | -€13,206 | |
| Income taxes | 67/77 | €3,233 | €432 | -€2,801 | -86.6% |
| Profit (loss) for the period | 9904 | €4,165 | -€6,240 | -€10,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,165 | -€6,240 | -€10,405 |
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 14 October 2026 via checked.be.