TI-Kusek: 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.
TI-Kusek
Largest movements
- Receivables within one year -€12,263
down €12,263 (-57.3%), from €21,389 to €9,126
of which Trade receivables: -€10,568
- Cash +€9,217
up €9,217 (+80.3%), from €11,478 to €20,695
mainly Receivables within one year (+€12,263) and Net result for the year (+€5,758)
- Tangible fixed assets -€2,949
down €2,949 (-23.5%), from €12,531 to €9,582
- Deferred charges and accrued income +€1,125
up €1,125 (+1146.9%), from €98 to €1,223
- Other debts -€3,640
down €3,640 (-99.4%), from €3,662 to €22
- Debts after one year -€3,621
down €3,621 (-45.0%), from €8,049 to €4,427
- Reserves +€3,170
up €3,170 (+122.5%), from €2,588 to €5,758
- Tax, wage and social debts -€2,748
down €2,748 (-69.1%), from €3,979 to €1,231
- Trade debts +€1,816
up €1,816, from €0 to €1,816
- Gross operating margin +€7,061
up €7,061 (+80.3%), from €8,791 to €15,852
- Taxes +€2,725
up €2,725 (+208.9%), from €1,304 to €4,029
- Financial income -€485
down €485 (-100.0%), from €485 to €0
- Financial charges +€474
up €474 (+264.7%), from €179 to €653
- Other operating charges +€189
up €189 (+8.3%), from €2,275 to €2,464
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 | €45,796 | €40,926 | -€4,871 | -10.6% |
| Fixed assets | 21/28 | €12,831 | €9,882 | -€2,949 | -23.0% |
| Tangible fixed assets | 22/27 | €12,531 | €9,582 | -€2,949 | -23.5% |
| Furniture and vehicles | 24 | €12,531 | €9,582 | -€2,949 | -23.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €32,965 | €31,044 | -€1,922 | -5.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €21,389 | €9,126 | -€12,263 | -57.3% |
| Trade receivables | 40 | €19,693 | €9,126 | -€10,568 | -53.7% |
| Other amounts receivable | 41 | €1,696 | €0 | -€1,696 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,478 | €20,695 | +€9,217 | +80.3% |
| Deferred charges and accrued income | 490/1 | €98 | €1,223 | +€1,125 | +1146.9% |
| Total equity and liabilities | 10/49 | €45,796 | €40,926 | -€4,871 | -10.6% |
| Equity | 10/15 | €26,639 | €29,809 | +€3,170 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,588 | €5,758 | +€3,170 | +122.5% |
| Distributable reserves | 133 | €2,588 | €5,758 | +€3,170 | +122.5% |
| Profit (loss) carried forward | 14 | €5,451 | €5,451 | = | 0.0% |
| Amounts payable | 17/49 | €19,157 | €11,117 | -€8,041 | -42.0% |
| Amounts payable after more than one year | 17 | €8,049 | €4,427 | -€3,621 | -45.0% |
| Financial debts | 170/4 | €8,049 | €4,427 | -€3,621 | -45.0% |
| Amounts payable within one year | 42/48 | €11,109 | €6,689 | -€4,419 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €3,469 | €3,621 | +€153 | +4.4% |
| Trade debts | 44 | €0 | €1,816 | +€1,816 | |
| Suppliers | 440/4 | €0 | €1,816 | +€1,816 | |
| Taxes, remuneration and social security | 45 | €3,979 | €1,231 | -€2,748 | -69.1% |
| Taxes | 450/3 | €3,979 | €1,231 | -€2,748 | -69.1% |
| Other amounts payable | 47/48 | €3,662 | €22 | -€3,640 | -99.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €250 | €8,264 | +€8,014 | +3205.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,930 | €2,949 | +€19 | +0.7% |
| Other operating charges | 640/8 | €2,275 | €2,464 | +€189 | +8.3% |
| Gross operating margin | 9900 | €8,791 | €15,852 | +€7,061 | +80.3% |
| Operating profit (loss) | 9901 | €3,586 | €10,439 | +€6,853 | +191.1% |
| Financial income | 75/76B | €485 | €0 | -€485 | -100.0% |
| Recurring financial income | 75 | €485 | €0 | -€485 | -100.0% |
| Financial charges | 65/66B | €179 | €653 | +€474 | +264.7% |
| Recurring financial charges | 65 | €179 | €653 | +€474 | +264.7% |
| Profit (loss) for the period before taxes | 9903 | €3,892 | €9,787 | +€5,894 | +151.4% |
| Income taxes | 67/77 | €1,304 | €4,029 | +€2,725 | +208.9% |
| Profit (loss) for the period | 9904 | €2,588 | €5,758 | +€3,170 | +122.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,588 | €5,758 | +€3,170 | +122.5% |
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 10 October 2026 via checked.be.