TiCéfils: 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.
TiCéfils
Largest movements
- Cash +€25,304
up €25,304 (+236.9%), from €10,681 to €35,985
mainly Net result for the year (+€20,264) and Tax, wage and social debts (+€7,785)
- Tangible fixed assets -€3,518
down €3,518 (-14.2%), from €24,807 to €21,289
- Profit (loss) carried forward +€20,264
new in 2025: €20,264
- Tax, wage and social debts +€7,785
up €7,785 (+165.2%), from €4,711 to €12,497
- Debts after one year -€5,032
down €5,032 (-34.1%), from €14,749 to €9,716
- Trade debts -€1,625
down €1,625 (-79.3%), from €2,050 to €425
- Gross operating margin +€19,054
up €19,054 (+134.6%), from €14,160 to €33,214
- Depreciation +€4,378
up €4,378 (+400.6%), from €1,093 to €5,470
- Taxes +€2,804
up €2,804 (+78.4%), from €3,577 to €6,381
- Other operating charges -€379
down €379 (-56.1%), from €675 to €297
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 | €36,480 | €58,073 | +€21,593 | +59.2% |
| Fixed assets | 21/28 | €24,807 | €21,289 | -€3,518 | -14.2% |
| Tangible fixed assets | 22/27 | €24,807 | €21,289 | -€3,518 | -14.2% |
| Furniture and vehicles | 24 | €24,807 | €21,289 | -€3,518 | -14.2% |
| Current assets | 29/58 | €11,673 | €36,784 | +€25,111 | +215.1% |
| Amounts receivable within one year | 40/41 | €292 | €372 | +€80 | +27.5% |
| Trade receivables | 40 | €292 | €372 | +€80 | +27.5% |
| Cash at bank and in hand | 54/58 | €10,681 | €35,985 | +€25,304 | +236.9% |
| Deferred charges and accrued income | 490/1 | €700 | €427 | -€273 | -39.0% |
| Total equity and liabilities | 10/49 | €36,480 | €58,073 | +€21,593 | +59.2% |
| Equity | 10/15 | €9,082 | €29,345 | +€20,264 | +223.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,082 | €8,082 | = | 0.0% |
| Distributable reserves | 133 | €8,082 | €8,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €20,264 | +€20,264 | |
| Amounts payable | 17/49 | €27,398 | €28,727 | +€1,329 | +4.9% |
| Amounts payable after more than one year | 17 | €14,749 | €9,716 | -€5,032 | -34.1% |
| Financial debts | 170/4 | €14,749 | €9,716 | -€5,032 | -34.1% |
| Amounts payable within one year | 42/48 | €12,649 | €19,011 | +€6,362 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €4,852 | €5,032 | +€180 | +3.7% |
| Trade debts | 44 | €2,050 | €425 | -€1,625 | -79.3% |
| Suppliers | 440/4 | €2,050 | €425 | -€1,625 | -79.3% |
| Taxes, remuneration and social security | 45 | €4,711 | €12,497 | +€7,785 | +165.2% |
| Taxes | 450/3 | €4,711 | €12,497 | +€7,785 | +165.2% |
| Other amounts payable | 47/48 | €1,036 | €1,057 | +€21 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €5,470 | +€4,378 | +400.6% |
| Other operating charges | 640/8 | €675 | €297 | -€379 | -56.1% |
| Gross operating margin | 9900 | €14,160 | €33,214 | +€19,054 | +134.6% |
| Operating profit (loss) | 9901 | €12,392 | €27,447 | +€15,055 | +121.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €733 | €802 | +€69 | +9.4% |
| Recurring financial charges | 65 | €733 | €802 | +€69 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €11,658 | €26,645 | +€14,986 | +128.5% |
| Income taxes | 67/77 | €3,577 | €6,381 | +€2,804 | +78.4% |
| Profit (loss) for the period | 9904 | €8,082 | €20,264 | +€12,182 | +150.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,082 | €20,264 | +€12,182 | +150.7% |
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 6 October 2026 via checked.be.