TIOWTA: 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.
TIOWTA
Largest movements
- Financial fixed assets +€140,000
up €140,000 (+280%), from €50,000 to €190,000
- Receivables after one year +€50,000
new in 2025: €50,000
- Receivables within one year -€49,541
down €49,541 (-54.1%), from €91,490 to €41,949
of which Trade receivables: -€60,751
- Cash +€9,527
up €9,527 (+62.8%), from €15,180 to €24,706
mainly Other debts (+€169,077) and Receivables within one year (+€49,541)
- Other debts +€169,077
up €169,077 (+133%), from €126,770 to €295,847
- Profit (loss) carried forward -€15,344
down €15,344 (-63.1%), from €24,318 to €8,974
- Tax, wage and social debts -€14,499
down €14,499 (-89.9%), from €16,119 to €1,620
of which Taxes: -€8,499
- Trade debts +€12,614
up €12,614 (+193%), from €6,542 to €19,156
- Gross operating margin -€43,321
down €43,321, from €36,808 to -€6,513
- Taxes -€7,886
down €7,886 (-100.0%), from €7,887 to €1
- Depreciation +€950
up €950 (+21.8%), from €4,358 to €5,308
- Financial income +€701
up €701 (+17,885%), from €4 to €705
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 | €173,749 | €325,597 | +€151,848 | +87.4% |
| Fixed assets | 21/28 | €66,928 | €208,787 | +€141,859 | +212% |
| Tangible fixed assets | 22/27 | €16,928 | €18,787 | +€1,859 | +11.0% |
| Furniture and vehicles | 24 | €8,142 | €10,977 | +€2,835 | +34.8% |
| Other tangible fixed assets | 26 | €8,786 | €7,810 | -€976 | -11.1% |
| Financial fixed assets | 28 | €50,000 | €190,000 | +€140,000 | +280% |
| Current assets | 29/58 | €106,820 | €116,809 | +€9,989 | +9.4% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €91,490 | €41,949 | -€49,541 | -54.1% |
| Trade receivables | 40 | €91,490 | €30,739 | -€60,751 | -66.4% |
| Other amounts receivable | 41 | - | €11,210 | +€11,210 | |
| Cash at bank and in hand | 54/58 | €15,180 | €24,706 | +€9,527 | +62.8% |
| Deferred charges and accrued income | 490/1 | €151 | €154 | +€3 | +2.1% |
| Total equity and liabilities | 10/49 | €173,749 | €325,597 | +€151,848 | +87.4% |
| Equity | 10/15 | €24,318 | €8,974 | -€15,344 | -63.1% |
| Profit (loss) carried forward | 14 | €24,318 | €8,974 | -€15,344 | -63.1% |
| Amounts payable | 17/49 | €149,431 | €316,623 | +€167,192 | +112% |
| Amounts payable within one year | 42/48 | €149,431 | €316,623 | +€167,192 | +112% |
| Trade debts | 44 | €6,542 | €19,156 | +€12,614 | +193% |
| Suppliers | 440/4 | €6,542 | €19,156 | +€12,614 | +193% |
| Taxes, remuneration and social security | 45 | €16,119 | €1,620 | -€14,499 | -89.9% |
| Taxes | 450/3 | €10,119 | €1,620 | -€8,499 | -84.0% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €126,770 | €295,847 | +€169,077 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,358 | €5,308 | +€950 | +21.8% |
| Other operating charges | 640/8 | €155 | €160 | +€5 | +3.1% |
| Non-recurring operating charges | 66A | - | €3,974 | +€3,974 | |
| Gross operating margin | 9900 | €36,808 | -€6,513 | -€43,321 | |
| Operating profit (loss) | 9901 | €32,295 | -€15,955 | -€48,250 | |
| Financial income | 75/76B | €4 | €705 | +€701 | +17,885% |
| Recurring financial income | 75 | €4 | €705 | +€701 | +17,885% |
| Financial charges | 65/66B | €94 | €93 | -€1 | -1.4% |
| Recurring financial charges | 65 | €94 | €93 | -€1 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €32,205 | -€15,343 | -€47,548 | |
| Income taxes | 67/77 | €7,887 | €1 | -€7,886 | -100.0% |
| Profit (loss) for the period | 9904 | €24,318 | -€15,344 | -€39,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,318 | -€15,344 | -€39,662 |
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.