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 -€8,481
down €8,481 (-40.2%), from €21,088 to €12,608
of which Trade receivables: -€17,525
- Tangible fixed assets +€2,524
up €2,524 (+13.1%), from €19,258 to €21,781
of which Plant, machinery and equipment: +€3,462
- Cash +€1,510
up €1,510 (+52.0%), from €2,902 to €4,411
mainly Receivables within one year (+€8,481) and Depreciation (+€4,131)
- Deferred charges and accrued income -€474
down €474 (-100.0%), from €474 to €0
- Short-term financial debts -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Trade debts +€1,781
up €1,781 (+141.8%), from €1,256 to €3,038
- Debts after one year -€1,443
down €1,443 (-100.0%), from €1,443 to €0
- Current portion of long-term debt -€1,389
down €1,389 (-49.0%), from €2,832 to €1,443
- Reserves +€1,120
up €1,120 (+6.1%), from €18,279 to €19,399
- Gross operating margin -€24,258
down €24,258 (-55.9%), from €43,387 to €19,130
- Taxes -€4,126
down €4,126 (-51.4%), from €8,025 to €3,899
- Staff costs -€3,338
down €3,338 (-30.5%), from €10,939 to €7,601
- Depreciation +€499
up €499 (+13.7%), from €3,632 to €4,131
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 | €45,084 | €40,216 | -€4,868 | -10.8% |
| Fixed assets | 21/28 | €19,511 | €21,890 | +€2,378 | +12.2% |
| Intangible fixed assets | 21 | €253 | €108 | -€145 | -57.3% |
| Tangible fixed assets | 22/27 | €19,258 | €21,781 | +€2,524 | +13.1% |
| Land and buildings | 22 | €15,347 | €14,408 | -€939 | -6.1% |
| Plant, machinery and equipment | 23 | €3,911 | €7,373 | +€3,462 | +88.5% |
| Current assets | 29/58 | €25,573 | €18,327 | -€7,246 | -28.3% |
| Stocks and contracts in progress | 3 | €1,109 | €1,308 | +€198 | +17.9% |
| Stocks | 30/36 | €1,109 | €1,308 | +€198 | +17.9% |
| Amounts receivable within one year | 40/41 | €21,088 | €12,608 | -€8,481 | -40.2% |
| Trade receivables | 40 | €18,886 | €1,360 | -€17,525 | -92.8% |
| Other amounts receivable | 41 | €2,203 | €11,247 | +€9,045 | +410.7% |
| Cash at bank and in hand | 54/58 | €2,902 | €4,411 | +€1,510 | +52.0% |
| Deferred charges and accrued income | 490/1 | €474 | €0 | -€474 | -100.0% |
| Total equity and liabilities | 10/49 | €45,084 | €40,216 | -€4,868 | -10.8% |
| Equity | 10/15 | €28,279 | €29,399 | +€1,120 | +4.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,279 | €19,399 | +€1,120 | +6.1% |
| Distributable reserves | 133 | €18,279 | €19,399 | +€1,120 | +6.1% |
| Amounts payable | 17/49 | €16,806 | €10,817 | -€5,988 | -35.6% |
| Amounts payable after more than one year | 17 | €1,443 | €0 | -€1,443 | -100.0% |
| Financial debts | 170/4 | €1,443 | €0 | -€1,443 | -100.0% |
| Amounts payable within one year | 42/48 | €15,362 | €10,817 | -€4,545 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €2,832 | €1,443 | -€1,389 | -49.0% |
| Financial debts | 43 | €6,000 | €0 | -€6,000 | -100.0% |
| Other loans | 439 | €6,000 | €0 | -€6,000 | -100.0% |
| Trade debts | 44 | €1,256 | €3,038 | +€1,781 | +141.8% |
| Suppliers | 440/4 | €1,256 | €3,038 | +€1,781 | +141.8% |
| Taxes, remuneration and social security | 45 | €5,274 | €6,336 | +€1,063 | +20.1% |
| Taxes | 450/3 | €3,844 | €6,135 | +€2,290 | +59.6% |
| Remuneration and social security | 454/9 | €1,430 | €202 | -€1,228 | -85.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €10,939 | €7,601 | -€3,338 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,632 | €4,131 | +€499 | +13.7% |
| Other operating charges | 640/8 | €1,951 | €2,028 | +€77 | +3.9% |
| Gross operating margin | 9900 | €43,387 | €19,130 | -€24,258 | -55.9% |
| Operating profit (loss) | 9901 | €26,865 | €5,370 | -€21,495 | -80.0% |
| Financial income | 75/76B | €0 | €56 | +€56 | |
| Recurring financial income | 75 | €0 | €56 | +€56 | |
| Financial charges | 65/66B | €613 | €407 | -€206 | -33.6% |
| Recurring financial charges | 65 | €613 | €407 | -€206 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €26,251 | €5,019 | -€21,232 | -80.9% |
| Income taxes | 67/77 | €8,025 | €3,899 | -€4,126 | -51.4% |
| Profit (loss) for the period | 9904 | €18,227 | €1,120 | -€17,106 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,227 | €1,120 | -€17,106 | -93.9% |
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 5 October 2026 via checked.be.