TICASA: what changed
Two fiscal 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.
TICASA
Largest movements
- Cash -€50,172
down €50,172 (-21.1%), from €237,541 to €187,369
mainly Tax, wage and social debts (-€46,901) and Trade debts (-€2,239)
- Tax, wage and social debts -€46,901
no longer reported in 2025 (was €46,901)
- Gross operating margin -€141,740
down €141,740, from €141,268 to -€472
- Taxes -€46,693
down €46,693 (-99.6%), from €46,901 to €209
- Other operating charges -€1,887
down €1,887 (-96.6%), from €1,952 to €66
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 | €248,582 | €199,889 | -€48,693 | -19.6% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €248,582 | €199,889 | -€48,693 | -19.6% |
| Amounts receivable within one year | 40/41 | €11,041 | €12,520 | +€1,479 | +13.4% |
| Trade receivables | 40 | - | €73 | +€73 | |
| Other amounts receivable | 41 | €11,041 | €12,447 | +€1,406 | +12.7% |
| Cash at bank and in hand | 54/58 | €237,541 | €187,369 | -€50,172 | -21.1% |
| Total equity and liabilities | 10/49 | €248,582 | €199,889 | -€48,693 | -19.6% |
| Equity | 10/15 | €199,442 | €199,889 | +€447 | +0.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €178,982 | €179,429 | +€447 | +0.2% |
| Distributable reserves | 133 | €178,982 | €179,429 | +€447 | +0.2% |
| Amounts payable | 17/49 | €49,140 | €0 | -€49,140 | -100.0% |
| Amounts payable within one year | 42/48 | €49,140 | €0 | -€49,140 | -100.0% |
| Trade debts | 44 | €2,239 | €0 | -€2,239 | -100.0% |
| Suppliers | 440/4 | €2,239 | €0 | -€2,239 | -100.0% |
| Taxes, remuneration and social security | 45 | €46,901 | - | -€46,901 | |
| Taxes | 450/3 | €46,901 | - | -€46,901 | |
| Non-recurring operating income | 76A | €19,707 | - | -€19,707 | |
| Other operating charges | 640/8 | €1,952 | €66 | -€1,887 | -96.6% |
| Gross operating margin | 9900 | €141,268 | -€472 | -€141,740 | |
| Operating profit (loss) | 9901 | €139,316 | -€538 | -€139,854 | |
| Financial income | 75/76B | €661 | €1,215 | +€554 | +83.8% |
| Recurring financial income | 75 | €661 | €1,215 | +€554 | +83.8% |
| Financial charges | 65/66B | €943 | €21 | -€922 | -97.8% |
| Recurring financial charges | 65 | €943 | €21 | -€922 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €139,034 | €656 | -€138,378 | -99.5% |
| Income taxes | 67/77 | €46,901 | €209 | -€46,693 | -99.6% |
| Profit (loss) for the period | 9904 | €92,132 | €447 | -€91,685 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,132 | €447 | -€91,685 | -99.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.