TITAN-IT: 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-IT
Largest movements
- Cash +€29,860
up €29,860 (+55.8%), from €53,466 to €83,326
mainly Net result for the year (+€23,477) and Depreciation (+€21,124)
- Tangible fixed assets -€14,872
down €14,872 (-14.6%), from €101,605 to €86,733
of which Furniture and vehicles: -€12,651
- Receivables within one year -€13,729
down €13,729 (-24.2%), from €56,825 to €43,096
of which Trade receivables: -€18,450
- Reserves +€23,477
up €23,477 (+17.8%), from €131,946 to €155,423
of which Distributable reserves: +€23,477
- Debts after one year -€14,278
down €14,278 (-34.9%), from €40,964 to €26,686
- Tax, wage and social debts -€4,089
down €4,089 (-31.1%), from €13,150 to €9,061
- Current portion of long-term debt -€2,973
down €2,973 (-17.2%), from €17,251 to €14,278
- Depreciation +€8,002
up €8,002 (+61.0%), from €13,122 to €21,124
- Gross operating margin +€7,388
up €7,388 (+14.9%), from €49,516 to €56,904
- Other operating charges -€724
down €724 (-41.9%), from €1,731 to €1,006
- Financial charges +€596
up €596 (+45.1%), from €1,323 to €1,920
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 | €265,570 | €267,340 | +€1,770 | +0.7% |
| Fixed assets | 21/28 | €101,605 | €86,733 | -€14,872 | -14.6% |
| Tangible fixed assets | 22/27 | €101,605 | €86,733 | -€14,872 | -14.6% |
| Land and buildings | 22 | €37,999 | €36,604 | -€1,395 | -3.7% |
| Plant, machinery and equipment | 23 | €1,228 | €1,079 | -€149 | -12.1% |
| Furniture and vehicles | 24 | €60,344 | €47,694 | -€12,651 | -21.0% |
| Other tangible fixed assets | 26 | €2,034 | €1,356 | -€678 | -33.3% |
| Current assets | 29/58 | €163,965 | €180,607 | +€16,643 | +10.2% |
| Amounts receivable within one year | 40/41 | €56,825 | €43,096 | -€13,729 | -24.2% |
| Trade receivables | 40 | €29,290 | €10,840 | -€18,450 | -63.0% |
| Other amounts receivable | 41 | €27,535 | €32,256 | +€4,721 | +17.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,466 | €83,326 | +€29,860 | +55.8% |
| Deferred charges and accrued income | 490/1 | €3,674 | €4,185 | +€511 | +13.9% |
| Total equity and liabilities | 10/49 | €265,570 | €267,340 | +€1,770 | +0.7% |
| Equity | 10/15 | €192,146 | €215,623 | +€23,477 | +12.2% |
| Contributions | 10/11 | €60,200 | €60,200 | = | 0.0% |
| Reserves | 13 | €131,946 | €155,423 | +€23,477 | +17.8% |
| Non-distributable reserves | 130/1 | €7,260 | €7,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,260 | €7,260 | = | 0.0% |
| Distributable reserves | 133 | €124,686 | €148,163 | +€23,477 | +18.8% |
| Amounts payable | 17/49 | €73,423 | €51,717 | -€21,707 | -29.6% |
| Amounts payable after more than one year | 17 | €40,964 | €26,686 | -€14,278 | -34.9% |
| Financial debts | 170/4 | €40,964 | €26,686 | -€14,278 | -34.9% |
| Amounts payable within one year | 42/48 | €31,824 | €25,031 | -€6,793 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €17,251 | €14,278 | -€2,973 | -17.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,423 | €1,692 | +€269 | +18.9% |
| Suppliers | 440/4 | €1,423 | €1,692 | +€269 | +18.9% |
| Taxes, remuneration and social security | 45 | €13,150 | €9,061 | -€4,089 | -31.1% |
| Taxes | 450/3 | €13,150 | €9,061 | -€4,089 | -31.1% |
| Accrued charges and deferred income | 492/3 | €636 | €0 | -€636 | -100% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,122 | €21,124 | +€8,002 | +61.0% |
| Other operating charges | 640/8 | €1,731 | €1,006 | -€724 | -41.9% |
| Gross operating margin | 9900 | €49,516 | €56,904 | +€7,388 | +14.9% |
| Operating profit (loss) | 9901 | €34,663 | €34,773 | +€110 | +0.3% |
| Financial income | 75/76B | €1,402 | €1,888 | +€485 | +34.6% |
| Recurring financial income | 75 | €1,402 | €1,888 | +€485 | +34.6% |
| Financial charges | 65/66B | €1,323 | €1,920 | +€596 | +45.1% |
| Recurring financial charges | 65 | €1,323 | €1,920 | +€596 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €34,742 | €34,741 | -€1 | 0.0% |
| Income taxes | 67/77 | €11,615 | €11,263 | -€352 | -3.0% |
| Profit (loss) for the period | 9904 | €23,127 | €23,477 | +€351 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,127 | €23,477 | +€351 | +1.5% |
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 21 October 2026 via checked.be.