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
- Tangible fixed assets -€91,820
down €91,820 (-20.2%), from €454,420 to €362,600
of which Furniture and vehicles: -€69,088
- Receivables within one year -€12,371
down €12,371 (-5.1%), from €240,449 to €228,079
of which Trade receivables: -€55,972
- Debts after one year -€66,462
down €66,462 (-23.8%), from €278,819 to €212,357
- Profit (loss) carried forward -€30,689
down €30,689 (-166.9%), from -€18,387 to -€49,077
- Trade debts -€11,006
down €11,006 (-70.5%), from €15,611 to €4,606
- Gross operating margin -€27,317
down €27,317, from €27,160 to -€158
- Depreciation -€25,900
down €25,900 (-100.0%), from €25,900 to €0
- Financial charges +€2,604
up €2,604 (+23.4%), from €11,130 to €13,734
- Other operating charges +€1,930
up €1,930 (+23.8%), from €8,127 to €10,057
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 | €820,191 | €708,744 | -€111,447 | -13.6% |
| Fixed assets | 21/28 | €567,283 | €475,463 | -€91,820 | -16.2% |
| Tangible fixed assets | 22/27 | €454,420 | €362,600 | -€91,820 | -20.2% |
| Land and buildings | 22 | €362,600 | €362,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | €22,732 | €0 | -€22,732 | -100.0% |
| Furniture and vehicles | 24 | €69,088 | €0 | -€69,088 | -100.0% |
| Financial fixed assets | 28 | €112,863 | €112,863 | = | 0.0% |
| Current assets | 29/58 | €252,907 | €233,281 | -€19,626 | -7.8% |
| Amounts receivable within one year | 40/41 | €240,449 | €228,079 | -€12,371 | -5.1% |
| Trade receivables | 40 | €55,972 | €0 | -€55,972 | -100.0% |
| Other amounts receivable | 41 | €184,477 | €228,079 | +€43,601 | +23.6% |
| Cash at bank and in hand | 54/58 | €12,458 | €5,202 | -€7,256 | -58.2% |
| Total equity and liabilities | 10/49 | €820,191 | €708,744 | -€111,447 | -13.6% |
| Equity | 10/15 | €372,140 | €341,451 | -€30,689 | -8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €378,127 | €378,127 | = | 0.0% |
| Distributable reserves | 133 | €378,127 | €378,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,387 | -€49,077 | -€30,689 | -166.9% |
| Amounts payable | 17/49 | €448,051 | €367,293 | -€80,757 | -18.0% |
| Amounts payable after more than one year | 17 | €278,819 | €212,357 | -€66,462 | -23.8% |
| Financial debts | 170/4 | €278,819 | €212,357 | -€66,462 | -23.8% |
| Amounts payable within one year | 42/48 | €169,231 | €154,937 | -€14,295 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €69,211 | €66,462 | -€2,749 | -4.0% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €15,611 | €4,606 | -€11,006 | -70.5% |
| Suppliers | 440/4 | €15,611 | €4,606 | -€11,006 | -70.5% |
| Taxes, remuneration and social security | 45 | €9,409 | €8,868 | -€541 | -5.7% |
| Taxes | 450/3 | €6,045 | €8,868 | +€2,823 | +46.7% |
| Remuneration and social security | 454/9 | €3,364 | €0 | -€3,364 | -100.0% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,900 | €0 | -€25,900 | -100.0% |
| Other operating charges | 640/8 | €8,127 | €10,057 | +€1,930 | +23.8% |
| Non-recurring operating charges | 66A | - | €6,588 | +€6,588 | |
| Gross operating margin | 9900 | €27,160 | -€158 | -€27,317 | |
| Operating profit (loss) | 9901 | -€6,867 | -€16,803 | -€9,936 | -144.7% |
| Financial income | 75/76B | €3 | €4 | +€2 | +57.0% |
| Recurring financial income | 75 | €3 | €4 | +€2 | +57.0% |
| Financial charges | 65/66B | €11,130 | €13,734 | +€2,604 | +23.4% |
| Recurring financial charges | 65 | €11,130 | €13,734 | +€2,604 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,995 | -€30,533 | -€12,538 | -69.7% |
| Income taxes | 67/77 | €393 | €156 | -€236 | -60.2% |
| Profit (loss) for the period | 9904 | -€18,387 | -€30,689 | -€12,302 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,387 | -€30,689 | -€12,302 | -66.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.