TICOX: what changed
Two financial 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.
TICOX
Largest movements
- Tangible fixed assets -€39,471
down €39,471 (-61.1%), from €64,625 to €25,154
of which Furniture and vehicles: -€38,079
- Receivables within one year +€5,481
up €5,481 (+57.6%), from €9,522 to €15,003
of which Other amounts receivable: +€5,379
- Cash -€5,227
down €5,227 (-4.0%), from €130,230 to €125,003
mainly Contributions, distributions and other (-€73,529) and Debts after one year (-€22,111)
- Stocks and contracts -€5,100
down €5,100 (-16.1%), from €31,715 to €26,615
- Intangible fixed assets -€5,014
down €5,014 (-100.0%), from €5,014 to €0
- Profit (loss) carried forward -€55,274
down €55,274 (-66.7%), from €82,818 to €27,543
- Other debts +€37,039
up €37,039 (+6075.6%), from €610 to €37,649
- Debts after one year -€22,111
down €22,111 (-94.4%), from €23,434 to €1,323
- Current portion of long-term debt -€12,642
down €12,642 (-32.0%), from €39,478 to €26,835
- Trade debts +€4,111
up €4,111 (+22.3%), from €18,446 to €22,557
- Staff costs +€35,007
up €35,007 (+13.2%), from €265,163 to €300,169
- Gross operating margin +€8,613
up €8,613 (+2.3%), from €372,950 to €381,563
- Taxes -€4,951
down €4,951 (-45.6%), from €10,862 to €5,911
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 | €245,284 | €198,034 | -€47,250 | -19.3% |
| Fixed assets | 21/28 | €69,639 | €25,154 | -€44,484 | -63.9% |
| Intangible fixed assets | 21 | €5,014 | €0 | -€5,014 | -100.0% |
| Tangible fixed assets | 22/27 | €64,625 | €25,154 | -€39,471 | -61.1% |
| Plant, machinery and equipment | 23 | €6,078 | €7,987 | +€1,910 | +31.4% |
| Furniture and vehicles | 24 | €47,604 | €9,525 | -€38,079 | -80.0% |
| Other tangible fixed assets | 26 | €10,943 | €7,642 | -€3,301 | -30.2% |
| Current assets | 29/58 | €175,645 | €172,880 | -€2,765 | -1.6% |
| Stocks and contracts in progress | 3 | €31,715 | €26,615 | -€5,100 | -16.1% |
| Stocks | 30/36 | €31,715 | €26,615 | -€5,100 | -16.1% |
| Amounts receivable within one year | 40/41 | €9,522 | €15,003 | +€5,481 | +57.6% |
| Trade receivables | 40 | €3,122 | €3,224 | +€102 | +3.3% |
| Other amounts receivable | 41 | €6,400 | €11,779 | +€5,379 | +84.1% |
| Cash at bank and in hand | 54/58 | €130,230 | €125,003 | -€5,227 | -4.0% |
| Deferred charges and accrued income | 490/1 | €4,179 | €6,259 | +€2,080 | +49.8% |
| Total equity and liabilities | 10/49 | €245,284 | €198,034 | -€47,250 | -19.3% |
| Equity | 10/15 | €132,818 | €77,543 | -€55,274 | -41.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,818 | €27,543 | -€55,274 | -66.7% |
| Amounts payable | 17/49 | €112,466 | €120,491 | +€8,025 | +7.1% |
| Amounts payable after more than one year | 17 | €23,434 | €1,323 | -€22,111 | -94.4% |
| Financial debts | 170/4 | €23,434 | €1,323 | -€22,111 | -94.4% |
| Amounts payable within one year | 42/48 | €88,044 | €117,982 | +€29,938 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €39,478 | €26,835 | -€12,642 | -32.0% |
| Financial debts | 43 | €2,536 | €3,365 | +€829 | +32.7% |
| Credit institutions | 430/8 | €2,536 | €3,365 | +€829 | +32.7% |
| Trade debts | 44 | €18,446 | €22,557 | +€4,111 | +22.3% |
| Suppliers | 440/4 | €18,446 | €22,557 | +€4,111 | +22.3% |
| Taxes, remuneration and social security | 45 | €26,975 | €27,576 | +€601 | +2.2% |
| Taxes | 450/3 | €8,867 | €8,680 | -€187 | -2.1% |
| Remuneration and social security | 454/9 | €18,108 | €18,896 | +€788 | +4.4% |
| Other amounts payable | 47/48 | €610 | €37,649 | +€37,039 | +6075.6% |
| Accrued charges and deferred income | 492/3 | €988 | €1,185 | +€198 | +20.0% |
| Remuneration, social security and pensions | 62 | €265,163 | €300,169 | +€35,007 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,176 | €53,772 | -€404 | -0.7% |
| Other operating charges | 640/8 | €2,133 | €2,198 | +€64 | +3.0% |
| Gross operating margin | 9900 | €372,950 | €381,563 | +€8,613 | +2.3% |
| Operating profit (loss) | 9901 | €51,478 | €25,424 | -€26,054 | -50.6% |
| Financial income | 75/76B | €1 | €20 | +€19 | +1873.5% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +1873.5% |
| Financial charges | 65/66B | €1,995 | €1,278 | -€717 | -36.0% |
| Recurring financial charges | 65 | €1,995 | €1,278 | -€717 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €49,484 | €24,166 | -€25,318 | -51.2% |
| Income taxes | 67/77 | €10,862 | €5,911 | -€4,951 | -45.6% |
| Profit (loss) for the period | 9904 | €38,622 | €18,255 | -€20,367 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,622 | €18,255 | -€20,367 | -52.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.