Titane Holding: 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.
Titane Holding
Largest movements
- Financial fixed assets -€638,639
down €638,639 (-7.8%), from €8.2m to €7.6m
- Receivables within one year -€602,151
down €602,151 (-56.0%), from €1.1m to €472,476
of which Trade receivables: -€566,034
- Debts after one year -€1.0m
down €1.0m (-17.1%), from €6.1m to €5.1m
- Other debts +€774,770
up €774,770 (+39.2%), from €2.0m to €2.8m
- Profit (loss) carried forward -€524,434
down €524,434 (-434.5%), from -€120,693 to -€645,126
- Current portion of long-term debt -€295,549
down €295,549 (-92.3%), from €320,069 to €24,519
- Accrued charges and deferred income -€124,108
down €124,108 (-83.9%), from €147,863 to €23,755
- Turnover -€680,390
down €680,390 (-81.2%), from €838,316 to €157,926
- Gross operating margin -€482,348
down €482,348, from €337,206 to -€145,143
- Purchases and services -€195,028
down €195,028 (-38.4%), from €508,002 to €312,975
- Financial charges -€120,134
down €120,134 (-51.0%), from €235,685 to €115,552
- Staff costs -€76,733
down €76,733 (-36.4%), from €211,000 to €134,267
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 | €9,386,233 | €8,150,565 | -€1.2m | -13.2% |
| Formation expenses | 20 | €31,071 | €22,750 | -€8,321 | -26.8% |
| Fixed assets | 21/28 | €8,274,765 | €7,650,362 | -€624,403 | -7.5% |
| Intangible fixed assets | 21 | - | €3,471 | +€3,471 | |
| Tangible fixed assets | 22/27 | €36,549 | €47,315 | +€10,765 | +29.5% |
| Land and buildings | 22 | €1,658 | €1,246 | -€412 | -24.8% |
| Furniture and vehicles | 24 | €34,891 | €46,068 | +€11,177 | +32.0% |
| Financial fixed assets | 28 | €8,238,215 | €7,599,576 | -€638,639 | -7.8% |
| Current assets | 29/58 | €1,080,398 | €477,453 | -€602,945 | -55.8% |
| Amounts receivable within one year | 40/41 | €1,074,627 | €472,476 | -€602,151 | -56.0% |
| Trade receivables | 40 | €1,033,398 | €467,364 | -€566,034 | -54.8% |
| Other amounts receivable | 41 | €41,230 | €5,112 | -€36,117 | -87.6% |
| Cash at bank and in hand | 54/58 | €478 | €752 | +€274 | +57.2% |
| Deferred charges and accrued income | 490/1 | €5,293 | €4,225 | -€1,067 | -20.2% |
| Total equity and liabilities | 10/49 | €9,386,233 | €8,150,565 | -€1.2m | -13.2% |
| Equity | 10/15 | -€100,693 | -€625,126 | -€524,434 | -520.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,693 | -€645,126 | -€524,434 | -434.5% |
| Amounts payable | 17/49 | €9,486,926 | €8,775,691 | -€711,235 | -7.5% |
| Amounts payable after more than one year | 17 | €6,099,224 | €5,054,093 | -€1.0m | -17.1% |
| Financial debts | 170/4 | €6,099,224 | €5,054,093 | -€1.0m | -17.1% |
| Amounts payable within one year | 42/48 | €3,239,839 | €3,697,843 | +€458,003 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €320,069 | €24,519 | -€295,549 | -92.3% |
| Financial debts | 43 | €715,000 | €745,431 | +€30,431 | +4.3% |
| Credit institutions | 430/8 | €715,000 | €745,431 | +€30,431 | +4.3% |
| Trade debts | 44 | €225,173 | €144,109 | -€81,064 | -36.0% |
| Suppliers | 440/4 | €225,173 | €144,109 | -€81,064 | -36.0% |
| Taxes, remuneration and social security | 45 | €1,613 | €31,028 | +€29,415 | +1823.9% |
| Taxes | 450/3 | €776 | €19,032 | +€18,256 | +2351.4% |
| Remuneration and social security | 454/9 | €836 | €11,995 | +€11,159 | +1334.1% |
| Other amounts payable | 47/48 | €1,977,985 | €2,752,755 | +€774,770 | +39.2% |
| Accrued charges and deferred income | 492/3 | €147,863 | €23,755 | -€124,108 | -83.9% |
| Turnover | 70 | €838,316 | €157,926 | -€680,390 | -81.2% |
| Non-recurring operating income | 76A | - | €3,029 | +€3,029 | |
| Goods, raw materials, services and sundry goods | 60/61 | €508,002 | €312,975 | -€195,028 | -38.4% |
| Remuneration, social security and pensions | 62 | €211,000 | €134,267 | -€76,733 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,080 | €21,982 | +€9,902 | +82.0% |
| Other operating charges | 640/8 | €3,663 | €1,606 | -€2,057 | -56.2% |
| Non-recurring operating charges | 66A | - | €90,261 | +€90,261 | |
| Gross operating margin | 9900 | €337,206 | -€145,143 | -€482,348 | |
| Operating profit (loss) | 9901 | €110,463 | -€393,258 | -€503,721 | |
| Financial income | 75/76B | €491 | €0 | -€491 | -100.0% |
| Recurring financial income | 75 | €491 | €0 | -€491 | -100.0% |
| Financial charges | 65/66B | €235,685 | €115,552 | -€120,134 | -51.0% |
| Recurring financial charges | 65 | €235,685 | €115,552 | -€120,134 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | -€124,731 | -€508,810 | -€384,079 | -307.9% |
| Income taxes | 67/77 | - | €15,624 | +€15,624 | |
| Profit (loss) for the period | 9904 | -€124,731 | -€524,434 | -€399,703 | -320.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€124,731 | -€524,434 | -€399,703 | -320.5% |
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 9 October 2026 via checked.be.