TICA Brussel: what changed
What changed
TICA Brussel
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
-€516,811
2024 · -€82,977-€433,834
Equity
-€35,802
2024 · €481,009-€516,811
Cash
€147,912
2024 · €302,188-€154,276
Balance sheet total
€1.1m
2024 · €1.4m-€230,901
Largest movements
Assets
- Cash -€154,276
down €154,276 (-51.1%), from €302,188 to €147,912
mainly Net result for the year (-€516,811) and Debts after one year (-€336,273)
- Tangible fixed assets -€62,045
down €62,045 (-6.8%), from €917,166 to €855,121
- Deferred charges and accrued income -€18,119
no longer reported in 2025 (was €18,119)
Equity and liabilities
- Other debts +€711,756
up €711,756 (+700%), from €101,694 to €813,450
- Profit (loss) carried forward -€516,811
down €516,811 (-421%), from -€122,725 to -€639,536
- Debts after one year -€336,273
down €336,273 (-67.7%), from €496,660 to €160,387
of which Financial debts: -€353,400
- Accrued charges and deferred income -€63,273
down €63,273 (-99.3%), from €63,732 to €459
- Tax, wage and social debts -€21,742
down €21,742 (-32.1%), from €67,810 to €46,068
of which Remuneration and social security: -€26,856
Income statement
- Gross operating margin -€297,391
down €297,391 (-45.8%), from €649,505 to €352,114
- Purchases and services +€200,626
up €200,626 (+33.3%), from €602,189 to €802,815
- Staff costs +€91,422
up €91,422 (+34.4%), from €265,552 to €356,974
- Turnover +€53,368
up €53,368 (+5.2%), from €1.0m to €1.1m
- Depreciation +€28,037
up €28,037 (+15.2%), from €184,116 to €212,153
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€82,977
Gross operating margin
-€297,391
Staff costs
-€91,422
Depreciation
-€28,037
Write-downs
+€8,182
Other operating charges
-€7,405
Other operating items
-€10,689
Financial income
-€2,160
Financial charges
-€11,363
Taxes
+€6,451
Result 2025
-€516,811
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€329,816
Investment
-€147,819
Financing
-€336,273
Cash 2024
€302,188
From operations (derived)
+€329,816
Net result for the year
-€516,811
Depreciation
+€212,153
Receivables within one year
-€5,828
Deferred charges and accrued income
+€18,119
Trade debts
-€3,534
Tax, wage and social debts
-€21,742
Advances received
-€1,024
Other debts
+€711,756
Accrued charges and deferred income
-€63,273
Investment (derived)
-€147,819
Investment in fixed assets (net)
-€147,819
Financing
-€336,273
Debts after one year
-€336,273
Cash 2025
€147,912
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,369,912 | €1,139,011 | -€230,901 | -16.9% |
| Formation expenses | 20 | €11,827 | €9,538 | -€2,289 | -19.4% |
| Fixed assets | 21/28 | €917,166 | €855,121 | -€62,045 | -6.8% |
| Tangible fixed assets | 22/27 | €917,166 | €855,121 | -€62,045 | -6.8% |
| Plant, machinery and equipment | 23 | €917,166 | €855,121 | -€62,045 | -6.8% |
| Current assets | 29/58 | €440,919 | €274,352 | -€166,567 | -37.8% |
| Amounts receivable within one year | 40/41 | €120,612 | €126,440 | +€5,828 | +4.8% |
| Trade receivables | 40 | €120,277 | €126,440 | +€6,163 | +5.1% |
| Other amounts receivable | 41 | €335 | - | -€335 | |
| Cash at bank and in hand | 54/58 | €302,188 | €147,912 | -€154,276 | -51.1% |
| Deferred charges and accrued income | 490/1 | €18,119 | - | -€18,119 | |
| Total equity and liabilities | 10/49 | €1,369,912 | €1,139,011 | -€230,901 | -16.9% |
| Equity | 10/15 | €481,009 | -€35,802 | -€516,811 | |
| Contributions | 10/11 | €600,987 | €600,987 | = | 0.0% |
| Capital | 10 | €600,987 | - | -€600,987 | |
| Issued capital | 100 | €600,987 | - | -€600,987 | |
| Reserves | 13 | €2,747 | €2,747 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,747 | €2,747 | = | 0.0% |
| Legal reserve | 130 | €2,747 | - | -€2,747 | |
| Other | 1319 | - | €2,747 | +€2,747 | |
| Profit (loss) carried forward | 14 | -€122,725 | -€639,536 | -€516,811 | -421% |
| Amounts payable | 17/49 | €888,903 | €1,174,813 | +€285,910 | +32.2% |
| Amounts payable after more than one year | 17 | €496,660 | €160,387 | -€336,273 | -67.7% |
| Financial debts | 170/4 | €353,400 | - | -€353,400 | |
| Other amounts payable | 178/9 | €143,260 | €160,387 | +€17,127 | +12.0% |
| Amounts payable within one year | 42/48 | €328,511 | €1,013,967 | +€685,456 | +209% |
| Trade debts | 44 | €157,525 | €153,991 | -€3,534 | -2.2% |
| Suppliers | 440/4 | €157,525 | €153,991 | -€3,534 | -2.2% |
| Advances received on contracts in progress | 46 | €1,482 | €458 | -€1,024 | -69.1% |
| Taxes, remuneration and social security | 45 | €67,810 | €46,068 | -€21,742 | -32.1% |
| Taxes | 450/3 | €14,757 | €19,871 | +€5,114 | +34.7% |
| Remuneration and social security | 454/9 | €53,053 | €26,197 | -€26,856 | -50.6% |
| Other amounts payable | 47/48 | €101,694 | €813,450 | +€711,756 | +700% |
| Accrued charges and deferred income | 492/3 | €63,732 | €459 | -€63,273 | -99.3% |
| Turnover | 70 | €1,029,085 | €1,082,453 | +€53,368 | +5.2% |
| Non-recurring operating income | 76A | €222,610 | €72,476 | -€150,134 | -67.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €602,189 | €802,815 | +€200,626 | +33.3% |
| Remuneration, social security and pensions | 62 | €265,552 | €356,974 | +€91,422 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,116 | €212,153 | +€28,037 | +15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,182 | - | -€8,182 | |
| Other operating charges | 640/8 | €266,402 | €273,807 | +€7,405 | +2.8% |
| Non-recurring operating charges | 66A | - | €10,689 | +€10,689 | |
| Gross operating margin | 9900 | €649,505 | €352,114 | -€297,391 | -45.8% |
| Operating profit (loss) | 9901 | -€74,747 | -€501,509 | -€426,762 | -571% |
| Financial income | 75/76B | €2,160 | - | -€2,160 | |
| Recurring financial income | 75 | €2,160 | - | -€2,160 | |
| Non-recurring financial income | 76B | €2,160 | - | -€2,160 | |
| Financial charges | 65/66B | €3,939 | €15,302 | +€11,363 | +288% |
| Recurring financial charges | 65 | €1,736 | €15,302 | +€13,566 | +781% |
| Non-recurring financial charges | 66B | €2,203 | - | -€2,203 | |
| Profit (loss) for the period before taxes | 9903 | -€76,526 | -€516,811 | -€440,285 | -575% |
| Income taxes | 67/77 | €6,451 | - | -€6,451 | |
| Profit (loss) for the period | 9904 | -€82,977 | -€516,811 | -€433,834 | -523% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,977 | -€516,811 | -€433,834 | -523% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.