TICUP: 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.
TICUP
Largest movements
- Cash -€44,173
down €44,173 (-78.9%), from €55,981 to €11,808
mainly Investment in fixed assets (net) (-€82,382) and Net result for the year (-€22,663)
- Receivables within one year -€43,921
down €43,921 (-94.6%), from €46,448 to €2,528
- Intangible fixed assets +€41,922
up €41,922 (+51.6%), from €81,189 to €123,111
- Tangible fixed assets -€1,915
down €1,915 (-69.2%), from €2,768 to €853
- Profit (loss) carried forward -€22,663
down €22,663 (-34.5%), from €65,717 to €43,053
- Trade debts -€17,822
down €17,822 (-99.8%), from €17,860 to €38
- Tax, wage and social debts -€6,874
down €6,874 (-28.3%), from €24,298 to €17,424
of which Taxes: -€7,693
- Gross operating margin -€70,825
down €70,825 (-35.8%), from €197,956 to €127,131
- Taxes -€8,096
down €8,096 (-96.3%), from €8,407 to €310
- Staff costs +€7,126
up €7,126 (+7.2%), from €98,347 to €105,473
- Depreciation -€6,131
down €6,131 (-12.6%), from €48,506 to €42,375
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.
Derived cash bridge
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 | €187,075 | €139,925 | -€47,150 | -25.2% |
| Fixed assets | 21/28 | €84,202 | €124,209 | +€40,007 | +47.5% |
| Intangible fixed assets | 21 | €81,189 | €123,111 | +€41,922 | +51.6% |
| Tangible fixed assets | 22/27 | €2,768 | €853 | -€1,915 | -69.2% |
| Furniture and vehicles | 24 | €2,768 | €853 | -€1,915 | -69.2% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €102,873 | €15,716 | -€87,157 | -84.7% |
| Amounts receivable within one year | 40/41 | €46,448 | €2,528 | -€43,921 | -94.6% |
| Trade receivables | 40 | €46,448 | €2,528 | -€43,921 | -94.6% |
| Cash at bank and in hand | 54/58 | €55,981 | €11,808 | -€44,173 | -78.9% |
| Deferred charges and accrued income | 490/1 | €444 | €1,380 | +€937 | +211% |
| Total equity and liabilities | 10/49 | €187,075 | €139,925 | -€47,150 | -25.2% |
| Equity | 10/15 | €144,917 | €122,253 | -€22,663 | -15.6% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €7,200 | €7,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,717 | €43,053 | -€22,663 | -34.5% |
| Amounts payable | 17/49 | €42,158 | €17,671 | -€24,487 | -58.1% |
| Amounts payable within one year | 42/48 | €42,158 | €17,462 | -€24,696 | -58.6% |
| Trade debts | 44 | €17,860 | €38 | -€17,822 | -99.8% |
| Suppliers | 440/4 | €17,860 | €38 | -€17,822 | -99.8% |
| Taxes, remuneration and social security | 45 | €24,298 | €17,424 | -€6,874 | -28.3% |
| Taxes | 450/3 | €10,593 | €2,900 | -€7,693 | -72.6% |
| Remuneration and social security | 454/9 | €13,705 | €14,524 | +€819 | +6.0% |
| Accrued charges and deferred income | 492/3 | - | €210 | +€210 | |
| Remuneration, social security and pensions | 62 | €98,347 | €105,473 | +€7,126 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,506 | €42,375 | -€6,131 | -12.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €197,956 | €127,131 | -€70,825 | -35.8% |
| Operating profit (loss) | 9901 | €50,716 | -€21,117 | -€71,833 | |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €1,498 | €1,236 | -€262 | -17.5% |
| Recurring financial charges | 65 | €1,498 | €1,236 | -€262 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €49,301 | -€22,353 | -€71,654 | |
| Income taxes | 67/77 | €8,407 | €310 | -€8,096 | -96.3% |
| Profit (loss) for the period | 9904 | €40,894 | -€22,663 | -€63,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,894 | -€22,663 | -€63,557 |
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 15 October 2026 via checked.be.