TICAN: what changed
TICAN
Largest movements
- Tangible fixed assets +€200,736
up €200,736 (+77.5%), from €259,072 to €459,808
of which Land and buildings: +€202,067
- Cash +€8,982
up €8,982 (+219%), from €4,100 to €13,082
mainly Other debts (+€123,000) and Trade debts (+€81,482)
- Other debts +€123,000
up €123,000 (+63.1%), from €194,952 to €317,952
- Trade debts +€81,482
up €81,482 (+248%), from €32,823 to €114,306
- Reserves +€5,824
up €5,824 (+14.3%), from €40,729 to €46,553
- Depreciation +€4,155
up €4,155 (+28.7%), from €14,466 to €18,621
- Taxes -€1,582
down €1,582 (-41.9%), from €3,774 to €2,192
- Gross operating margin +€508
up €508 (+1.8%), from €27,481 to €27,989
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,232 | €525,186 | +€211,954 | +67.7% |
| Formation expenses | 20 | €356 | €133 | -€223 | -62.7% |
| Fixed assets | 21/28 | €259,072 | €459,808 | +€200,736 | +77.5% |
| Tangible fixed assets | 22/27 | €259,072 | €459,808 | +€200,736 | +77.5% |
| Land and buildings | 22 | €255,449 | €457,516 | +€202,067 | +79.1% |
| Plant, machinery and equipment | 23 | €2,192 | €1,515 | -€677 | -30.9% |
| Furniture and vehicles | 24 | €1,432 | €778 | -€654 | -45.7% |
| Current assets | 29/58 | €53,804 | €65,245 | +€11,442 | +21.3% |
| Amounts receivable within one year | 40/41 | €49,703 | €51,808 | +€2,105 | +4.2% |
| Trade receivables | 40 | €43,640 | €45,664 | +€2,024 | +4.6% |
| Other amounts receivable | 41 | €6,063 | €6,143 | +€80 | +1.3% |
| Cash at bank and in hand | 54/58 | €4,100 | €13,082 | +€8,982 | +219% |
| Deferred charges and accrued income | 490/1 | - | €356 | +€356 | |
| Total equity and liabilities | 10/49 | €313,232 | €525,186 | +€211,954 | +67.7% |
| Equity | 10/15 | €53,103 | €58,926 | +€5,824 | +11.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €40,729 | €46,553 | +€5,824 | +14.3% |
| Distributable reserves | 133 | €40,729 | €46,553 | +€5,824 | +14.3% |
| Profit (loss) carried forward | 14 | -€2,626 | -€2,626 | = | 0.0% |
| Amounts payable | 17/49 | €260,129 | €466,260 | +€206,131 | +79.2% |
| Amounts payable within one year | 42/48 | €258,034 | €465,073 | +€207,039 | +80.2% |
| Trade debts | 44 | €32,823 | €114,306 | +€81,482 | +248% |
| Suppliers | 440/4 | €32,823 | €114,306 | +€81,482 | +248% |
| Taxes, remuneration and social security | 45 | €30,258 | €32,816 | +€2,557 | +8.5% |
| Taxes | 450/3 | €30,258 | €32,816 | +€2,557 | +8.5% |
| Other amounts payable | 47/48 | €194,952 | €317,952 | +€123,000 | +63.1% |
| Accrued charges and deferred income | 492/3 | €2,095 | €1,186 | -€909 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,466 | €18,621 | +€4,155 | +28.7% |
| Other operating charges | 640/8 | €943 | €1,115 | +€172 | +18.3% |
| Gross operating margin | 9900 | €27,481 | €27,989 | +€508 | +1.8% |
| Operating profit (loss) | 9901 | €12,072 | €8,252 | -€3,820 | -31.6% |
| Financial charges | 65/66B | €399 | €237 | -€162 | -40.6% |
| Recurring financial charges | 65 | €399 | €237 | -€162 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €11,673 | €8,015 | -€3,658 | -31.3% |
| Income taxes | 67/77 | €3,774 | €2,192 | -€1,582 | -41.9% |
| Profit (loss) for the period | 9904 | €7,899 | €5,824 | -€2,076 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,899 | €5,824 | -€2,076 | -26.3% |
Next steps
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 7 November 2026 via checked.be.