Tita-Link: what changed
Two fiscal 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.
Tita-Link
Largest movements
- Cash +€86,767
up €86,767 (+31.6%), from €274,484 to €361,251
mainly Other debts (+€79,261) and Stocks and contracts (+€69,610)
- Stocks and contracts -€69,610
down €69,610 (-32.4%), from €214,810 to €145,200
- Receivables within one year +€48,212
up €48,212 (+4.6%), from €1.0m to €1.1m
of which Other amounts receivable: +€116,734
- Tangible fixed assets -€19,974
down €19,974 (-32.6%), from €61,272 to €41,298
of which Furniture and vehicles: -€18,818
- Other debts +€79,261
up €79,261 (+6.7%), from €1.2m to €1.3m
- Gross operating margin -€153,305
down €153,305 (-41.1%), from €372,673 to €219,369
- Taxes -€33,064
down €33,064 (-60.7%), from €54,495 to €21,431
- Other operating charges -€32,609
down €32,609 (-88.9%), from €36,686 to €4,077
- Financial charges +€20,225
up €20,225 (+54.8%), from €36,887 to €57,112
- Financial income +€11,456
up €11,456 (+56.0%), from €20,462 to €31,917
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 | €1,645,984 | €1,707,036 | +€61,051 | +3.7% |
| Fixed assets | 21/28 | €91,422 | €73,738 | -€17,684 | -19.3% |
| Intangible fixed assets | 21 | €30,150 | €32,440 | +€2,290 | +7.6% |
| Tangible fixed assets | 22/27 | €61,272 | €41,298 | -€19,974 | -32.6% |
| Plant, machinery and equipment | 23 | €3,089 | €3,411 | +€322 | +10.4% |
| Furniture and vehicles | 24 | €49,095 | €30,277 | -€18,818 | -38.3% |
| Other tangible fixed assets | 26 | €9,088 | €7,610 | -€1,478 | -16.3% |
| Current assets | 29/58 | €1,554,562 | €1,633,297 | +€78,735 | +5.1% |
| Stocks and contracts in progress | 3 | €214,810 | €145,200 | -€69,610 | -32.4% |
| Stocks | 30/36 | €214,810 | €145,200 | -€69,610 | -32.4% |
| Amounts receivable within one year | 40/41 | €1,041,743 | €1,089,955 | +€48,212 | +4.6% |
| Trade receivables | 40 | €271,294 | €202,772 | -€68,522 | -25.3% |
| Other amounts receivable | 41 | €770,448 | €887,182 | +€116,734 | +15.2% |
| Cash at bank and in hand | 54/58 | €274,484 | €361,251 | +€86,767 | +31.6% |
| Deferred charges and accrued income | 490/1 | €23,525 | €36,892 | +€13,367 | +56.8% |
| Total equity and liabilities | 10/49 | €1,645,984 | €1,707,036 | +€61,051 | +3.7% |
| Equity | 10/15 | €325,055 | €329,679 | +€4,623 | +1.4% |
| Contributions | 10/11 | €295,546 | €295,546 | = | 0.0% |
| Reserves | 13 | €29,000 | €34,000 | +€5,000 | +17.2% |
| Tax-exempt reserves | 132 | €245 | €245 | = | 0.0% |
| Distributable reserves | 133 | €28,755 | €33,755 | +€5,000 | +17.4% |
| Profit (loss) carried forward | 14 | €509 | €132 | -€377 | -74.0% |
| Amounts payable | 17/49 | €1,320,929 | €1,377,357 | +€56,428 | +4.3% |
| Amounts payable after more than one year | 17 | €9,513 | - | -€9,513 | |
| Financial debts | 170/4 | €9,513 | - | -€9,513 | |
| Amounts payable within one year | 42/48 | €1,287,140 | €1,344,717 | +€57,577 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €15,985 | €9,513 | -€6,473 | -40.5% |
| Trade debts | 44 | €63,726 | €63,130 | -€595 | -0.9% |
| Suppliers | 440/4 | €63,726 | €63,130 | -€595 | -0.9% |
| Taxes, remuneration and social security | 45 | €25,288 | €10,672 | -€14,616 | -57.8% |
| Taxes | 450/3 | €10,807 | €1,713 | -€9,094 | -84.1% |
| Remuneration and social security | 454/9 | €14,481 | €8,959 | -€5,522 | -38.1% |
| Other amounts payable | 47/48 | €1,182,140 | €1,261,402 | +€79,261 | +6.7% |
| Accrued charges and deferred income | 492/3 | €24,276 | €32,640 | +€8,363 | +34.5% |
| Non-recurring operating income | 76A | - | €3,688 | +€3,688 | |
| Remuneration, social security and pensions | 62 | €75,970 | €76,663 | +€693 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,584 | €32,380 | +€1,797 | +5.9% |
| Other operating charges | 640/8 | €36,686 | €4,077 | -€32,609 | -88.9% |
| Gross operating margin | 9900 | €372,673 | €219,369 | -€153,305 | -41.1% |
| Operating profit (loss) | 9901 | €229,434 | €106,249 | -€123,185 | -53.7% |
| Financial income | 75/76B | €20,462 | €31,917 | +€11,456 | +56.0% |
| Recurring financial income | 75 | €20,462 | €31,917 | +€11,456 | +56.0% |
| Financial charges | 65/66B | €36,887 | €57,112 | +€20,225 | +54.8% |
| Recurring financial charges | 65 | €36,887 | €57,112 | +€20,225 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €213,009 | €81,054 | -€131,954 | -61.9% |
| Income taxes | 67/77 | €54,495 | €21,431 | -€33,064 | -60.7% |
| Profit (loss) for the period | 9904 | €158,513 | €59,623 | -€98,890 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €158,513 | €59,623 | -€98,890 | -62.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.