T.I.A. PROJECTS: 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.
T.I.A. PROJECTS
Largest movements
- Tangible fixed assets -€37,476
down €37,476 (-11.3%), from €330,380 to €292,904
of which Land and buildings: -€34,118
- Cash -€19,532
down €19,532 (-15.5%), from €126,331 to €106,799
mainly Contributions, distributions and other (-€47,651) and Debts after one year (-€25,478)
- Receivables within one year +€10,234
up €10,234 (+109%), from €9,420 to €19,654
of which Trade receivables: +€6,714
- Debts after one year -€25,478
down €25,478 (-13.5%), from €189,159 to €163,681
- Other debts -€11,468
down €11,468 (-17.7%), from €64,792 to €53,324
- Current portion of long-term debt -€5,732
down €5,732 (-18.4%), from €31,211 to €25,478
- Staff costs +€30,167
up €30,167 (+16.9%), from €178,703 to €208,870
- Taxes -€10,907
down €10,907 (-48.3%), from €22,561 to €11,654
- Other operating charges -€5,157
down €5,157 (-52.7%), from €9,785 to €4,628
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 | €489,844 | €447,209 | -€42,635 | -8.7% |
| Fixed assets | 21/28 | €330,845 | €293,564 | -€37,281 | -11.3% |
| Tangible fixed assets | 22/27 | €330,380 | €292,904 | -€37,476 | -11.3% |
| Land and buildings | 22 | €312,564 | €278,446 | -€34,118 | -10.9% |
| Plant, machinery and equipment | 23 | €9,571 | €9,657 | +€86 | +0.9% |
| Furniture and vehicles | 24 | €8,245 | €4,801 | -€3,444 | -41.8% |
| Financial fixed assets | 28 | €465 | €660 | +€195 | +41.9% |
| Current assets | 29/58 | €158,999 | €153,645 | -€5,354 | -3.4% |
| Stocks and contracts in progress | 3 | €16,395 | €20,056 | +€3,660 | +22.3% |
| Stocks | 30/36 | €16,395 | €20,056 | +€3,660 | +22.3% |
| Amounts receivable within one year | 40/41 | €9,420 | €19,654 | +€10,234 | +109% |
| Trade receivables | 40 | €9,019 | €15,733 | +€6,714 | +74.4% |
| Other amounts receivable | 41 | €401 | €3,921 | +€3,520 | +879% |
| Cash at bank and in hand | 54/58 | €126,331 | €106,799 | -€19,532 | -15.5% |
| Deferred charges and accrued income | 490/1 | €6,852 | €7,137 | +€284 | +4.1% |
| Total equity and liabilities | 10/49 | €489,844 | €447,209 | -€42,635 | -8.7% |
| Equity | 10/15 | €122,205 | €122,205 | = | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €22,205 | €22,205 | = | 0.0% |
| Distributable reserves | 133 | €22,205 | €22,205 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €367,639 | €325,004 | -€42,635 | -11.6% |
| Amounts payable after more than one year | 17 | €189,159 | €163,681 | -€25,478 | -13.5% |
| Financial debts | 170/4 | €189,159 | €163,681 | -€25,478 | -13.5% |
| Amounts payable within one year | 42/48 | €178,420 | €161,324 | -€17,097 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €31,211 | €25,478 | -€5,732 | -18.4% |
| Trade debts | 44 | €26,477 | €25,140 | -€1,336 | -5.0% |
| Suppliers | 440/4 | €26,477 | €25,140 | -€1,336 | -5.0% |
| Taxes, remuneration and social security | 45 | €55,940 | €57,380 | +€1,440 | +2.6% |
| Taxes | 450/3 | €28,560 | €28,867 | +€307 | +1.1% |
| Remuneration and social security | 454/9 | €27,380 | €28,513 | +€1,134 | +4.1% |
| Other amounts payable | 47/48 | €64,792 | €53,324 | -€11,468 | -17.7% |
| Accrued charges and deferred income | 492/3 | €60 | €0 | -€60 | -100% |
| Remuneration, social security and pensions | 62 | €178,703 | €208,870 | +€30,167 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,645 | €40,601 | -€44 | -0.1% |
| Other operating charges | 640/8 | €9,785 | €4,628 | -€5,157 | -52.7% |
| Gross operating margin | 9900 | €321,583 | €319,538 | -€2,045 | -0.6% |
| Operating profit (loss) | 9901 | €92,450 | €65,440 | -€27,010 | -29.2% |
| Financial income | 75/76B | €467 | €133 | -€334 | -71.5% |
| Recurring financial income | 75 | €467 | €133 | -€334 | -71.5% |
| Financial charges | 65/66B | €7,046 | €6,268 | -€778 | -11.0% |
| Recurring financial charges | 65 | €7,046 | €6,268 | -€778 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €85,871 | €59,305 | -€26,566 | -30.9% |
| Income taxes | 67/77 | €22,561 | €11,654 | -€10,907 | -48.3% |
| Profit (loss) for the period | 9904 | €63,310 | €47,651 | -€15,659 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,310 | €47,651 | -€15,659 | -24.7% |
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 23 October 2026 via checked.be.