TITAN DUFFEL: 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 DUFFEL
Largest movements
- Receivables within one year -€57,936
down €57,936 (-12.9%), from €450,000 to €392,064
of which Other amounts receivable: -€57,936
- Deferred charges and accrued income +€57,547
up €57,547 (+108%), from €53,200 to €110,747
- Cash +€33,410
up €33,410 (+26.9%), from €124,231 to €157,641
mainly Receivables within one year (+€57,936) and Net result for the year (+€43,528)
- Reserves +€43,528
up €43,528 (+11.8%), from €367,718 to €411,246
of which Distributable reserves: +€43,528
- Tax, wage and social debts +€18,140
up €18,140 (+440%), from €4,120 to €22,260
- Financial income +€57,920
up €57,920 (+318%), from €18,240 to €76,160
- Taxes +€19,219
up €19,219 (+632%), from €3,041 to €22,260
- Other operating charges +€2,173
up €2,173 (+97.8%), from €2,221 to €4,394
- Gross operating margin -€1,075
down €1,075 (-22.6%), from -€4,752 to -€5,827
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 | €1,267,431 | €1,305,453 | +€38,022 | +3.0% |
| Current assets | 29/58 | €1,267,431 | €1,305,453 | +€38,022 | +3.0% |
| Amounts receivable after more than one year | 29 | €640,000 | €645,000 | +€5,000 | +0.8% |
| Other amounts receivable | 291 | €640,000 | €645,000 | +€5,000 | +0.8% |
| Amounts receivable within one year | 40/41 | €450,000 | €392,064 | -€57,936 | -12.9% |
| Trade receivables | 40 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 41 | €350,000 | €292,064 | -€57,936 | -16.6% |
| Cash at bank and in hand | 54/58 | €124,231 | €157,641 | +€33,410 | +26.9% |
| Deferred charges and accrued income | 490/1 | €53,200 | €110,747 | +€57,547 | +108% |
| Total equity and liabilities | 10/49 | €1,267,431 | €1,305,453 | +€38,022 | +3.0% |
| Equity | 10/15 | €1,246,705 | €1,282,114 | +€35,409 | +2.8% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €367,718 | €411,246 | +€43,528 | +11.8% |
| Non-distributable reserves | 130/1 | €41 | €41 | = | 0.0% |
| Reserves not available under the articles | 1311 | €41 | €41 | = | 0.0% |
| Distributable reserves | 133 | €367,677 | €411,205 | +€43,528 | +11.8% |
| Profit (loss) carried forward | 14 | €680,672 | €672,553 | -€8,119 | -1.2% |
| Amounts payable | 17/49 | €20,726 | €23,339 | +€2,613 | +12.6% |
| Amounts payable within one year | 42/48 | €20,726 | €23,339 | +€2,613 | +12.6% |
| Trade debts | 44 | €3,742 | - | -€3,742 | |
| Suppliers | 440/4 | €3,742 | - | -€3,742 | |
| Taxes, remuneration and social security | 45 | €4,120 | €22,260 | +€18,140 | +440% |
| Taxes | 450/3 | €4,120 | €22,260 | +€18,140 | +440% |
| Other amounts payable | 47/48 | €12,864 | €1,079 | -€11,785 | -91.6% |
| Other operating charges | 640/8 | €2,221 | €4,394 | +€2,173 | +97.8% |
| Gross operating margin | 9900 | -€4,752 | -€5,827 | -€1,075 | -22.6% |
| Operating profit (loss) | 9901 | -€6,973 | -€10,221 | -€3,247 | -46.6% |
| Financial income | 75/76B | €18,240 | €76,160 | +€57,920 | +318% |
| Recurring financial income | 75 | €18,240 | €76,160 | +€57,920 | +318% |
| Financial charges | 65/66B | €107 | €152 | +€45 | +42.2% |
| Recurring financial charges | 65 | €107 | €152 | +€45 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €11,160 | €65,788 | +€54,628 | +489% |
| Income taxes | 67/77 | €3,041 | €22,260 | +€19,219 | +632% |
| Profit (loss) for the period | 9904 | €8,119 | €43,528 | +€35,409 | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €8,119 | €43,528 | +€35,409 | +436% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.