TIK Elec: 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.
TIK Elec
Largest movements
- Receivables within one year -€14,685
down €14,685 (-35.4%), from €41,532 to €26,847
of which Trade receivables: -€11,044
- Stocks and contracts -€5,107
down €5,107 (-25.6%), from €19,937 to €14,830
- Cash +€4,434
up €4,434 (+83.5%), from €5,311 to €9,744
mainly Receivables within one year (+€14,685) and Depreciation (+€12,628)
- Deferred charges and accrued income -€4,015
down €4,015 (-64.7%), from €6,207 to €2,191
- Trade debts -€12,638
down €12,638 (-59.8%), from €21,124 to €8,486
- Debts after one year -€6,751
down €6,751 (-56.0%), from €12,059 to €5,308
- Short-term financial debts -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Other debts +€3,750
up €3,750 (+18.6%), from €20,176 to €23,926
- Reserves +€2,200
up €2,200 (+7.5%), from €29,200 to €31,400
- Gross operating margin +€14,214
up €14,214 (+133.4%), from €10,659 to €24,872
- Depreciation +€7,307
up €7,307 (+137.3%), from €5,320 to €12,628
- Staff costs +€2,266
up €2,266, from €0 to €2,266
- Taxes +€1,195
up €1,195, from -€614 to €581
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 | €110,417 | €92,019 | -€18,398 | -16.7% |
| Fixed assets | 21/28 | €37,430 | €38,406 | +€976 | +2.6% |
| Tangible fixed assets | 22/27 | €37,430 | €38,006 | +€576 | +1.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €12,338 | €9,171 | -€3,167 | -25.7% |
| Furniture and vehicles | 24 | €23,749 | €28,164 | +€4,414 | +18.6% |
| Other tangible fixed assets | 26 | €1,343 | €671 | -€671 | -50.0% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €72,987 | €53,612 | -€19,375 | -26.5% |
| Stocks and contracts in progress | 3 | €19,937 | €14,830 | -€5,107 | -25.6% |
| Stocks | 30/36 | €19,937 | €14,830 | -€5,107 | -25.6% |
| Amounts receivable within one year | 40/41 | €41,532 | €26,847 | -€14,685 | -35.4% |
| Trade receivables | 40 | €25,885 | €14,841 | -€11,044 | -42.7% |
| Other amounts receivable | 41 | €15,647 | €12,006 | -€3,641 | -23.3% |
| Cash at bank and in hand | 54/58 | €5,311 | €9,744 | +€4,434 | +83.5% |
| Deferred charges and accrued income | 490/1 | €6,207 | €2,191 | -€4,015 | -64.7% |
| Total equity and liabilities | 10/49 | €110,417 | €92,019 | -€18,398 | -16.7% |
| Equity | 10/15 | €42,393 | €44,811 | +€2,418 | +5.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €29,200 | €31,400 | +€2,200 | +7.5% |
| Distributable reserves | 133 | €29,200 | €31,400 | +€2,200 | +7.5% |
| Profit (loss) carried forward | 14 | €693 | €911 | +€218 | +31.5% |
| Amounts payable | 17/49 | €68,024 | €47,208 | -€20,816 | -30.6% |
| Amounts payable after more than one year | 17 | €12,059 | €5,308 | -€6,751 | -56.0% |
| Financial debts | 170/4 | €12,059 | €5,308 | -€6,751 | -56.0% |
| Amounts payable within one year | 42/48 | €55,966 | €41,900 | -€14,066 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €6,396 | €6,751 | +€355 | +5.6% |
| Financial debts | 43 | €5,000 | €0 | -€5,000 | -100.0% |
| Credit institutions | 430/8 | €5,000 | €0 | -€5,000 | -100.0% |
| Trade debts | 44 | €21,124 | €8,486 | -€12,638 | -59.8% |
| Suppliers | 440/4 | €21,124 | €8,486 | -€12,638 | -59.8% |
| Advances received on contracts in progress | 46 | €6 | €0 | -€6 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,265 | €2,738 | -€527 | -16.1% |
| Taxes | 450/3 | €3,265 | €2,080 | -€1,185 | -36.3% |
| Remuneration and social security | 454/9 | - | €658 | +€658 | |
| Other amounts payable | 47/48 | €20,176 | €23,926 | +€3,750 | +18.6% |
| Remuneration, social security and pensions | 62 | €0 | €2,266 | +€2,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,320 | €12,628 | +€7,307 | +137.3% |
| Other operating charges | 640/8 | €497 | €496 | -€2 | -0.4% |
| Non-recurring operating charges | 66A | €1,448 | €2,824 | +€1,376 | +95.1% |
| Gross operating margin | 9900 | €10,659 | €24,872 | +€14,214 | +133.4% |
| Operating profit (loss) | 9901 | €3,393 | €6,659 | +€3,266 | +96.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,882 | €2,827 | -€55 | -1.9% |
| Recurring financial charges | 65 | €2,882 | €2,827 | -€55 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €512 | €3,832 | +€3,320 | +648.5% |
| Income taxes | 67/77 | -€614 | €581 | +€1,195 | |
| Profit (loss) for the period | 9904 | €1,126 | €3,251 | +€2,125 | +188.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,126 | €3,251 | +€2,125 | +188.8% |
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 9 October 2026 via checked.be.