Tico Management Solutions: what changed
What changed
Tico Management Solutions
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€23,643
2024 · €57,198-€33,555
Equity
€198,062
2024 · €175,252+€22,810
Cash
€58,114
2024 · €42,686+€15,428
Balance sheet total
€207,506
2024 · €188,428+€19,078
Largest movements
Assets
- Cash +€15,428
up €15,428 (+36.1%), from €42,686 to €58,114
mainly Net result for the year (+€23,643) and Depreciation (+€634)
- Receivables within one year +€3,223
up €3,223 (+9.8%), from €32,945 to €36,168
of which Other amounts receivable: +€6,277
Equity and liabilities
- Reserves +€22,810
up €22,810 (+13.2%), from €172,252 to €195,062
- Tax, wage and social debts -€3,909
down €3,909 (-41.8%), from €9,354 to €5,445
of which Taxes: -€3,859
Income statement
- Gross operating margin -€48,027
down €48,027 (-58.9%), from €81,499 to €33,472
- Taxes -€14,883
down €14,883 (-68.6%), from €21,686 to €6,803
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€57,198
Gross operating margin
-€48,027
Depreciation
-€260
Other operating charges
+€74
Financial charges
-€225
Taxes
+€14,883
Result 2025
€23,643
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,348
Investment
-€1,086
Financing
-€833
Cash 2024
€42,686
From operations (derived)
+€17,348
Net result for the year
+€23,643
Depreciation
+€634
Receivables within one year
-€3,223
Deferred charges and accrued income
+€25
Trade debts
-€74
Tax, wage and social debts
-€3,909
Other debts
+€541
Accrued charges and deferred income
-€290
Investment (derived)
-€1,086
Investment in fixed assets (net)
-€1,086
Financing
-€833
Contributions, distributions and other
-€833
Cash 2025
€58,114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,428 | €207,506 | +€19,078 | +10.1% |
| Fixed assets | 21/28 | €1,049 | €1,501 | +€452 | +43.1% |
| Tangible fixed assets | 22/27 | €1,049 | €1,501 | +€452 | +43.1% |
| Plant, machinery and equipment | 23 | €1,049 | €1,501 | +€452 | +43.1% |
| Current assets | 29/58 | €187,379 | €206,005 | +€18,626 | +9.9% |
| Amounts receivable within one year | 40/41 | €32,945 | €36,168 | +€3,223 | +9.8% |
| Trade receivables | 40 | €12,705 | €9,651 | -€3,054 | -24.0% |
| Other amounts receivable | 41 | €20,240 | €26,517 | +€6,277 | +31.0% |
| Current investments | 50/53 | €109,979 | €109,979 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,686 | €58,114 | +€15,428 | +36.1% |
| Deferred charges and accrued income | 490/1 | €1,770 | €1,744 | -€25 | -1.4% |
| Total equity and liabilities | 10/49 | €188,428 | €207,506 | +€19,078 | +10.1% |
| Equity | 10/15 | €175,252 | €198,062 | +€22,810 | +13.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €172,252 | €195,062 | +€22,810 | +13.2% |
| Distributable reserves | 133 | €172,252 | €195,062 | +€22,810 | +13.2% |
| Amounts payable | 17/49 | €13,176 | €9,444 | -€3,732 | -28.3% |
| Amounts payable within one year | 42/48 | €12,885 | €9,444 | -€3,442 | -26.7% |
| Trade debts | 44 | €3,031 | €2,958 | -€74 | -2.4% |
| Suppliers | 440/4 | €3,031 | €2,958 | -€74 | -2.4% |
| Taxes, remuneration and social security | 45 | €9,354 | €5,445 | -€3,909 | -41.8% |
| Taxes | 450/3 | €7,354 | €3,495 | -€3,859 | -52.5% |
| Remuneration and social security | 454/9 | €2,000 | €1,950 | -€50 | -2.5% |
| Other amounts payable | 47/48 | €500 | €1,041 | +€541 | +108% |
| Accrued charges and deferred income | 492/3 | €290 | €0 | -€290 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €634 | +€260 | +69.4% |
| Other operating charges | 640/8 | €593 | €520 | -€74 | -12.4% |
| Gross operating margin | 9900 | €81,499 | €33,472 | -€48,027 | -58.9% |
| Operating profit (loss) | 9901 | €80,531 | €32,318 | -€48,213 | -59.9% |
| Financial charges | 65/66B | €1,647 | €1,872 | +€225 | +13.7% |
| Recurring financial charges | 65 | €1,647 | €1,872 | +€225 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €78,884 | €30,446 | -€48,438 | -61.4% |
| Income taxes | 67/77 | €21,686 | €6,803 | -€14,883 | -68.6% |
| Profit (loss) for the period | 9904 | €57,198 | €23,643 | -€33,555 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,198 | €23,643 | -€33,555 | -58.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.