TIIVIO: what changed
TIIVIO
Largest movements
- Receivables within one year +€40,769
up €40,769 (+1,887%), from €2,160 to €42,929
of which Trade receivables: +€40,482
- Cash -€31,695
down €31,695 (-66.3%), from €47,775 to €16,080
mainly Receivables within one year (-€40,769) and Trade debts (-€29,993)
- Tangible fixed assets +€3,800
up €3,800 (+108%), from €3,507 to €7,308
of which Furniture and vehicles: +€2,789
- Profit (loss) carried forward +€36,538
up €36,538, from -€24,143 to €12,395
- Trade debts -€29,993
down €29,993 (-88.8%), from €33,759 to €3,765
- Tax, wage and social debts +€8,428
up €8,428 (+216%), from €3,896 to €12,325
of which Taxes: +€8,155
- Other debts -€1,049
down €1,049 (-8.8%), from €11,972 to €10,923
- Current portion of long-term debt -€971
down €971 (-36.2%), from €2,686 to €1,715
- Gross operating margin +€68,021
up €68,021, from -€22,200 to €45,821
- Taxes +€6,533
up €6,533 (+5,104%), from €128 to €6,661
- Depreciation +€916
up €916 (+288%), from €318 to €1,234
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,442 | €66,611 | +€13,168 | +24.6% |
| Fixed assets | 21/28 | €3,507 | €7,602 | +€4,094 | +117% |
| Tangible fixed assets | 22/27 | €3,507 | €7,308 | +€3,800 | +108% |
| Plant, machinery and equipment | 23 | €712 | €1,723 | +€1,012 | +142% |
| Furniture and vehicles | 24 | €2,796 | €5,584 | +€2,789 | +99.8% |
| Financial fixed assets | 28 | - | €294 | +€294 | |
| Current assets | 29/58 | €49,935 | €59,009 | +€9,074 | +18.2% |
| Amounts receivable within one year | 40/41 | €2,160 | €42,929 | +€40,769 | +1,887% |
| Trade receivables | 40 | €1,828 | €42,310 | +€40,482 | +2,215% |
| Other amounts receivable | 41 | €332 | €619 | +€287 | +86.4% |
| Cash at bank and in hand | 54/58 | €47,775 | €16,080 | -€31,695 | -66.3% |
| Total equity and liabilities | 10/49 | €53,442 | €66,611 | +€13,168 | +24.6% |
| Equity | 10/15 | €857 | €37,395 | +€36,538 | +4,263% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,143 | €12,395 | +€36,538 | |
| Amounts payable | 17/49 | €52,585 | €29,215 | -€23,370 | -44.4% |
| Amounts payable within one year | 42/48 | €52,585 | €29,215 | -€23,370 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €2,686 | €1,715 | -€971 | -36.2% |
| Financial debts | 43 | €273 | €488 | +€215 | +79.0% |
| Credit institutions | 430/8 | €273 | - | -€273 | |
| Other loans | 439 | - | €488 | +€488 | |
| Trade debts | 44 | €33,759 | €3,765 | -€29,993 | -88.8% |
| Suppliers | 440/4 | €33,759 | €3,765 | -€29,993 | -88.8% |
| Taxes, remuneration and social security | 45 | €3,896 | €12,325 | +€8,428 | +216% |
| Taxes | 450/3 | €3,896 | €12,052 | +€8,155 | +209% |
| Remuneration and social security | 454/9 | - | €273 | +€273 | |
| Other amounts payable | 47/48 | €11,972 | €10,923 | -€1,049 | -8.8% |
| Non-recurring operating income | 76A | €7,853 | - | -€7,853 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318 | €1,234 | +€916 | +288% |
| Other operating charges | 640/8 | €195 | €147 | -€48 | -24.7% |
| Gross operating margin | 9900 | -€22,200 | €45,821 | +€68,021 | |
| Operating profit (loss) | 9901 | -€22,712 | €44,440 | +€67,153 | |
| Financial income | 75/76B | €0 | €81 | +€81 | +162,240% |
| Recurring financial income | 75 | €0 | €81 | +€81 | +162,240% |
| Financial charges | 65/66B | €1,303 | €1,323 | +€20 | +1.5% |
| Recurring financial charges | 65 | €1,303 | €1,323 | +€20 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,015 | €43,199 | +€67,214 | |
| Income taxes | 67/77 | €128 | €6,661 | +€6,533 | +5,104% |
| Profit (loss) for the period | 9904 | -€24,143 | €36,538 | +€60,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,143 | €36,538 | +€60,681 |
Next steps
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 1 November 2026 via checked.be.