TIKI MANAGEMENT: 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.
TIKI MANAGEMENT
Largest movements
- Cash -€70,344
down €70,344 (-59.9%), from €117,499 to €47,155
mainly Current investments (-€52,830) and Investment in fixed assets (net) (-€34,494)
- Current investments +€52,830
new in 2025: €52,830
- Financial fixed assets +€19,934
up €19,934 (+79,736%), from €25 to €19,959
- Receivables within one year +€17,511
up €17,511 (+120%), from €14,538 to €32,049
of which Trade receivables: +€18,324
- Tangible fixed assets +€6,291
up €6,291 (+30.1%), from €20,878 to €27,169
of which Land and buildings: +€4,624
- Trade debts +€12,969
up €12,969 (+285%), from €4,552 to €17,521
- Tax, wage and social debts +€9,935
up €9,935 (+2,839%), from €350 to €10,285
- Reserves +€9,560
up €9,560 (+21.4%), from €44,590 to €54,150
of which Distributable reserves: +€9,560
- Other debts -€6,650
no longer reported in 2025 (was €6,650)
- Gross operating margin +€18,811
up €18,811 (+72.0%), from €26,127 to €44,938
- Taxes +€5,617
up €5,617 (+94.5%), from €5,944 to €11,561
- Financial income +€2,148
up €2,148 (+2,441%), from €88 to €2,236
- Depreciation +€1,583
up €1,583 (+23.7%), from €6,686 to €8,269
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 | €161,341 | €187,162 | +€25,821 | +16.0% |
| Fixed assets | 21/28 | €20,903 | €47,128 | +€26,225 | +125% |
| Tangible fixed assets | 22/27 | €20,878 | €27,169 | +€6,291 | +30.1% |
| Land and buildings | 22 | - | €4,624 | +€4,624 | |
| Plant, machinery and equipment | 23 | €15,439 | €15,161 | -€278 | -1.8% |
| Furniture and vehicles | 24 | €5,439 | €7,384 | +€1,945 | +35.8% |
| Financial fixed assets | 28 | €25 | €19,959 | +€19,934 | +79,736% |
| Current assets | 29/58 | €140,438 | €140,034 | -€404 | -0.3% |
| Amounts receivable after more than one year | 29 | €8,000 | €8,000 | = | 0.0% |
| Other amounts receivable | 291 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,538 | €32,049 | +€17,511 | +120% |
| Trade receivables | 40 | €726 | €19,050 | +€18,324 | +2,524% |
| Other amounts receivable | 41 | €13,812 | €12,999 | -€813 | -5.9% |
| Current investments | 50/53 | - | €52,830 | +€52,830 | |
| Cash at bank and in hand | 54/58 | €117,499 | €47,155 | -€70,344 | -59.9% |
| Deferred charges and accrued income | 490/1 | €401 | - | -€401 | |
| Total equity and liabilities | 10/49 | €161,341 | €187,162 | +€25,821 | +16.0% |
| Equity | 10/15 | €149,789 | €159,356 | +€9,567 | +6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,590 | €54,150 | +€9,560 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,730 | €52,290 | +€9,560 | +22.4% |
| Profit (loss) carried forward | 14 | €98,999 | €99,006 | +€7 | 0.0% |
| Amounts payable | 17/49 | €11,552 | €27,806 | +€16,254 | +141% |
| Amounts payable within one year | 42/48 | €11,552 | €27,806 | +€16,254 | +141% |
| Trade debts | 44 | €4,552 | €17,521 | +€12,969 | +285% |
| Suppliers | 440/4 | €4,552 | €17,521 | +€12,969 | +285% |
| Taxes, remuneration and social security | 45 | €350 | €10,285 | +€9,935 | +2,839% |
| Taxes | 450/3 | €350 | €10,285 | +€9,935 | +2,839% |
| Other amounts payable | 47/48 | €6,650 | - | -€6,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,686 | €8,269 | +€1,583 | +23.7% |
| Other operating charges | 640/8 | €721 | €867 | +€146 | +20.2% |
| Gross operating margin | 9900 | €26,127 | €44,938 | +€18,811 | +72.0% |
| Operating profit (loss) | 9901 | €18,720 | €35,802 | +€17,082 | +91.3% |
| Financial income | 75/76B | €88 | €2,236 | +€2,148 | +2,441% |
| Recurring financial income | 75 | €88 | €2,236 | +€2,148 | +2,441% |
| Financial charges | 65/66B | €24 | €110 | +€86 | +358% |
| Recurring financial charges | 65 | €24 | €110 | +€86 | +358% |
| Profit (loss) for the period before taxes | 9903 | €18,784 | €37,928 | +€19,144 | +102% |
| Income taxes | 67/77 | €5,944 | €11,561 | +€5,617 | +94.5% |
| Profit (loss) for the period | 9904 | €12,840 | €26,367 | +€13,527 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €12,840 | €26,367 | +€13,527 | +105% |
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 30 October 2026 via checked.be.