TICO: 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.
TICO
Largest movements
- Receivables within one year +€12,196
up €12,196 (+214341.3%), from €6 to €12,202
of which Trade receivables: +€12,200
- Cash +€6,680
up €6,680 (+26.9%), from €24,831 to €31,511
mainly Net result for the year (+€18,266) and Depreciation (+€2,936)
- Tangible fixed assets -€1,736
down €1,736 (-11.5%), from €15,073 to €13,337
of which Furniture and vehicles: -€1,859
- Deferred charges and accrued income -€721
down €721 (-25.3%), from €2,845 to €2,124
- Profit (loss) carried forward +€18,191
up €18,191 (+30.1%), from -€60,511 to -€42,321
- Short-term financial debts -€2,105
down €2,105 (-89.4%), from €2,354 to €249
- Trade debts +€1,569
up €1,569 (+80.3%), from €1,954 to €3,524
- Other debts -€1,086
down €1,086 (-94.2%), from €1,153 to €67
- Gross operating margin -€10,772
down €10,772 (-32.5%), from €33,125 to €22,353
- Other operating charges -€635
down €635 (-51.1%), from €1,243 to €608
- Taxes -€359
down €359 (-64.9%), from €552 to €194
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 | €42,754 | €59,174 | +€16,419 | +38.4% |
| Fixed assets | 21/28 | €15,073 | €13,337 | -€1,736 | -11.5% |
| Tangible fixed assets | 22/27 | €15,073 | €13,337 | -€1,736 | -11.5% |
| Land and buildings | 22 | €30 | €0 | -€30 | -100.0% |
| Plant, machinery and equipment | 23 | - | €1,033 | +€1,033 | |
| Furniture and vehicles | 24 | €6,787 | €4,928 | -€1,859 | -27.4% |
| Other tangible fixed assets | 26 | €8,255 | €7,376 | -€880 | -10.7% |
| Current assets | 29/58 | €27,681 | €45,836 | +€18,155 | +65.6% |
| Amounts receivable within one year | 40/41 | €6 | €12,202 | +€12,196 | +214341.3% |
| Trade receivables | 40 | - | €12,200 | +€12,200 | |
| Other amounts receivable | 41 | €6 | €2 | -€3 | -61.3% |
| Cash at bank and in hand | 54/58 | €24,831 | €31,511 | +€6,680 | +26.9% |
| Deferred charges and accrued income | 490/1 | €2,845 | €2,124 | -€721 | -25.3% |
| Total equity and liabilities | 10/49 | €42,754 | €59,174 | +€16,419 | +38.4% |
| Equity | 10/15 | €35,104 | €53,294 | +€18,191 | +51.8% |
| Contributions | 10/11 | €91,300 | €91,300 | = | 0.0% |
| Reserves | 13 | €4,315 | €4,315 | = | 0.0% |
| Distributable reserves | 133 | €4,315 | €4,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,511 | -€42,321 | +€18,191 | +30.1% |
| Amounts payable | 17/49 | €7,651 | €5,879 | -€1,772 | -23.2% |
| Amounts payable within one year | 42/48 | €7,651 | €5,804 | -€1,847 | -24.1% |
| Financial debts | 43 | €2,354 | €249 | -€2,105 | -89.4% |
| Credit institutions | 430/8 | €2,354 | €249 | -€2,105 | -89.4% |
| Trade debts | 44 | €1,954 | €3,524 | +€1,569 | +80.3% |
| Suppliers | 440/4 | €1,954 | €3,524 | +€1,569 | +80.3% |
| Taxes, remuneration and social security | 45 | €2,189 | €1,964 | -€225 | -10.3% |
| Taxes | 450/3 | €2,189 | €1,964 | -€225 | -10.3% |
| Other amounts payable | 47/48 | €1,153 | €67 | -€1,086 | -94.2% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,854 | €2,936 | +€82 | +2.9% |
| Other operating charges | 640/8 | €1,243 | €608 | -€635 | -51.1% |
| Non-recurring operating charges | 66A | €143 | €0 | -€143 | -100.0% |
| Gross operating margin | 9900 | €33,125 | €22,353 | -€10,772 | -32.5% |
| Operating profit (loss) | 9901 | €28,885 | €18,810 | -€10,075 | -34.9% |
| Financial income | 75/76B | €88 | €123 | +€35 | +40.1% |
| Recurring financial income | 75 | €88 | €123 | +€35 | +40.1% |
| Financial charges | 65/66B | €519 | €474 | -€45 | -8.7% |
| Recurring financial charges | 65 | €519 | €474 | -€45 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €28,454 | €18,459 | -€9,995 | -35.1% |
| Income taxes | 67/77 | €552 | €194 | -€359 | -64.9% |
| Profit (loss) for the period | 9904 | €27,902 | €18,266 | -€9,636 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,902 | €18,266 | -€9,636 | -34.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.