TITAN CONSTRUCTION: 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.
TITAN CONSTRUCTION
Largest movements
- Receivables within one year -€3,076
down €3,076 (-11.7%), from €26,280 to €23,204
of which Other amounts receivable: -€3,179
- Cash -€2,301
down €2,301 (-71.9%), from €3,201 to €900
mainly Advances received (-€16,801) and Investment in fixed assets (net) (-€1,916)
- Tangible fixed assets -€1,519
down €1,519 (-44.1%), from €3,442 to €1,923
of which Plant, machinery and equipment: -€1,041
- Intangible fixed assets +€1,085
new in 2025: €1,085
- Advances received -€16,801
no longer reported in 2025 (was €16,801)
- Profit (loss) carried forward +€9,890
up €9,890 (+80.0%), from €12,370 to €22,260
- Tax, wage and social debts +€585
up €585 (+18.9%), from €3,093 to €3,678
of which Remuneration and social security: +€956
- Trade debts +€515
new in 2025: €515
- Staff costs +€3,935
up €3,935 (+242%), from €1,624 to €5,559
- Gross operating margin +€2,335
up €2,335 (+13.0%), from €17,940 to €20,275
- Depreciation +€1,714
up €1,714 (+269%), from €637 to €2,351
- Financial income +€631
up €631 (+987%), from €64 to €695
of which Non-recurring financial income: +€633
- Taxes -€621
down €621 (-20.1%), from €3,093 to €2,473
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 | €33,763 | €27,952 | -€5,811 | -17.2% |
| Fixed assets | 21/28 | €4,282 | €3,848 | -€435 | -10.1% |
| Intangible fixed assets | 21 | - | €1,085 | +€1,085 | |
| Tangible fixed assets | 22/27 | €3,442 | €1,923 | -€1,519 | -44.1% |
| Plant, machinery and equipment | 23 | €2,665 | €1,624 | -€1,041 | -39.1% |
| Furniture and vehicles | 24 | €778 | €299 | -€478 | -61.5% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €29,481 | €24,105 | -€5,376 | -18.2% |
| Amounts receivable within one year | 40/41 | €26,280 | €23,204 | -€3,076 | -11.7% |
| Trade receivables | 40 | €6,399 | €6,502 | +€103 | +1.6% |
| Other amounts receivable | 41 | €19,881 | €16,702 | -€3,179 | -16.0% |
| Cash at bank and in hand | 54/58 | €3,201 | €900 | -€2,301 | -71.9% |
| Total equity and liabilities | 10/49 | €33,763 | €27,952 | -€5,811 | -17.2% |
| Equity | 10/15 | €13,870 | €23,760 | +€9,890 | +71.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,370 | €22,260 | +€9,890 | +80.0% |
| Amounts payable | 17/49 | €19,894 | €4,192 | -€15,701 | -78.9% |
| Amounts payable within one year | 42/48 | €19,894 | €4,192 | -€15,701 | -78.9% |
| Trade debts | 44 | - | €515 | +€515 | |
| Suppliers | 440/4 | - | €515 | +€515 | |
| Advances received on contracts in progress | 46 | €16,801 | - | -€16,801 | |
| Taxes, remuneration and social security | 45 | €3,093 | €3,678 | +€585 | +18.9% |
| Taxes | 450/3 | €3,093 | €2,722 | -€371 | -12.0% |
| Remuneration and social security | 454/9 | - | €956 | +€956 | |
| Remuneration, social security and pensions | 62 | €1,624 | €5,559 | +€3,935 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637 | €2,351 | +€1,714 | +269% |
| Gross operating margin | 9900 | €17,940 | €20,275 | +€2,335 | +13.0% |
| Operating profit (loss) | 9901 | €15,679 | €12,365 | -€3,314 | -21.1% |
| Financial income | 75/76B | €64 | €695 | +€631 | +987% |
| Recurring financial income | 75 | €64 | €62 | -€2 | -3.6% |
| Non-recurring financial income | 76B | - | €633 | +€633 | |
| Financial charges | 65/66B | €280 | €697 | +€417 | +149% |
| Recurring financial charges | 65 | €280 | €118 | -€162 | -57.8% |
| Non-recurring financial charges | 66B | - | €579 | +€579 | |
| Profit (loss) for the period before taxes | 9903 | €15,463 | €12,363 | -€3,100 | -20.0% |
| Income taxes | 67/77 | €3,093 | €2,473 | -€621 | -20.1% |
| Profit (loss) for the period | 9904 | €12,370 | €9,890 | -€2,479 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,370 | €9,890 | -€2,479 | -20.0% |
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 23 October 2026 via checked.be.