TITANO DESIGN: 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.
TITANO DESIGN
Largest movements
- Tangible fixed assets -€4,300
down €4,300 (-37.2%), from €11,573 to €7,273
- Deferred charges and accrued income -€1,382
down €1,382 (-64.5%), from €2,141 to €759
- Receivables within one year -€1,042
down €1,042 (-37.6%), from €2,769 to €1,726
of which Trade receivables: -€874
- Profit (loss) carried forward -€5,230
down €5,230 (-20.9%), from €24,975 to €19,745
- Trade debts -€1,809
no longer reported in 2025 (was €1,809)
- Gross operating margin -€28,016
down €28,016 (-82.6%), from €33,926 to €5,910
- Depreciation +€2,972
up €2,972 (+224%), from €1,327 to €4,300
- Taxes -€776
down €776 (-11.5%), from €6,776 to €6,000
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 | €36,153 | €29,178 | -€6,975 | -19.3% |
| Fixed assets | 21/28 | €11,573 | €7,273 | -€4,300 | -37.2% |
| Tangible fixed assets | 22/27 | €11,573 | €7,273 | -€4,300 | -37.2% |
| Furniture and vehicles | 24 | €11,573 | €7,273 | -€4,300 | -37.2% |
| Current assets | 29/58 | €24,580 | €21,905 | -€2,675 | -10.9% |
| Amounts receivable within one year | 40/41 | €2,769 | €1,726 | -€1,042 | -37.6% |
| Trade receivables | 40 | €2,164 | €1,291 | -€874 | -40.4% |
| Other amounts receivable | 41 | €605 | €436 | -€169 | -27.9% |
| Cash at bank and in hand | 54/58 | €19,671 | €19,419 | -€251 | -1.3% |
| Deferred charges and accrued income | 490/1 | €2,141 | €759 | -€1,382 | -64.5% |
| Total equity and liabilities | 10/49 | €36,153 | €29,178 | -€6,975 | -19.3% |
| Equity | 10/15 | €31,975 | €26,745 | -€5,230 | -16.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,975 | €19,745 | -€5,230 | -20.9% |
| Amounts payable | 17/49 | €4,178 | €2,433 | -€1,745 | -41.8% |
| Amounts payable within one year | 42/48 | €4,178 | €2,433 | -€1,745 | -41.8% |
| Trade debts | 44 | €1,809 | - | -€1,809 | |
| Suppliers | 440/4 | €1,809 | - | -€1,809 | |
| Taxes, remuneration and social security | 45 | €2,276 | €2,276 | = | 0.0% |
| Taxes | 450/3 | €2,276 | €2,276 | = | 0.0% |
| Other amounts payable | 47/48 | €92 | €156 | +€64 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,327 | €4,300 | +€2,972 | +224% |
| Other operating charges | 640/8 | €777 | €756 | -€21 | -2.7% |
| Gross operating margin | 9900 | €33,926 | €5,910 | -€28,016 | -82.6% |
| Operating profit (loss) | 9901 | €31,821 | €854 | -€30,967 | -97.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €71 | €84 | +€13 | +17.9% |
| Recurring financial charges | 65 | €71 | €84 | +€13 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €31,751 | €770 | -€30,981 | -97.6% |
| Income taxes | 67/77 | €6,776 | €6,000 | -€776 | -11.5% |
| Profit (loss) for the period | 9904 | €24,975 | -€5,230 | -€30,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,975 | -€5,230 | -€30,205 |
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 18 October 2026 via checked.be.