TITANS F&D: 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.
TITANS F&D
Largest movements
- Receivables within one year +€4,777
up €4,777 (+11.4%), from €41,976 to €46,752
of which Other amounts receivable: +€13,230
- Tangible fixed assets -€3,637
down €3,637 (-43.8%), from €8,304 to €4,667
- Cash +€1,757
up €1,757 (+41.1%), from €4,272 to €6,028
mainly Net result for the year (+€8,456) and Depreciation (+€3,637)
- Reserves +€8,456
up €8,456 (+38.4%), from €22,000 to €30,456
- Current portion of long-term debt -€3,748
down €3,748 (-76.4%), from €4,903 to €1,155
- Debts after one year -€1,849
no longer reported in 2025 (was €1,849)
- Tax, wage and social debts +€1,120
up €1,120 (+24.6%), from €4,550 to €5,670
of which Remuneration and social security: +€667
- Trade debts -€1,083
down €1,083 (-34.4%), from €3,145 to €2,062
of which Suppliers: -€975
- Turnover +€24,718
up €24,718 (+23.1%), from €106,995 to €131,713
- Gross operating margin +€21,836
up €21,836 (+242%), from €9,015 to €30,851
- Other operating charges +€10,468
up €10,468 (+462%), from €2,266 to €12,734
- Taxes +€5,297
up €5,297 (+317,192%), from €2 to €5,299
- Purchases and services +€2,882
up €2,882 (+2.9%), from €97,980 to €100,862
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 | €54,552 | €57,448 | +€2,896 | +5.3% |
| Fixed assets | 21/28 | €8,304 | €4,667 | -€3,637 | -43.8% |
| Tangible fixed assets | 22/27 | €8,304 | €4,667 | -€3,637 | -43.8% |
| Furniture and vehicles | 24 | €8,304 | €4,667 | -€3,637 | -43.8% |
| Current assets | 29/58 | €46,247 | €52,781 | +€6,533 | +14.1% |
| Amounts receivable within one year | 40/41 | €41,976 | €46,752 | +€4,777 | +11.4% |
| Trade receivables | 40 | €15,652 | €7,199 | -€8,453 | -54.0% |
| Other amounts receivable | 41 | €26,324 | €39,553 | +€13,230 | +50.3% |
| Cash at bank and in hand | 54/58 | €4,272 | €6,028 | +€1,757 | +41.1% |
| Total equity and liabilities | 10/49 | €54,552 | €57,448 | +€2,896 | +5.3% |
| Equity | 10/15 | €40,105 | €48,561 | +€8,456 | +21.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €30,456 | +€8,456 | +38.4% |
| Distributable reserves | 133 | €22,000 | €30,456 | +€8,456 | +38.4% |
| Profit (loss) carried forward | 14 | €8,105 | €8,105 | = | 0.0% |
| Amounts payable | 17/49 | €14,446 | €8,887 | -€5,560 | -38.5% |
| Amounts payable after more than one year | 17 | €1,849 | - | -€1,849 | |
| Financial debts | 170/4 | €1,849 | - | -€1,849 | |
| Amounts payable within one year | 42/48 | €12,598 | €8,887 | -€3,711 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €4,903 | €1,155 | -€3,748 | -76.4% |
| Trade debts | 44 | €3,145 | €2,062 | -€1,083 | -34.4% |
| Suppliers | 440/4 | €1,568 | €593 | -€975 | -62.2% |
| Bills of exchange payable | 441 | €1,577 | €1,469 | -€108 | -6.8% |
| Taxes, remuneration and social security | 45 | €4,550 | €5,670 | +€1,120 | +24.6% |
| Taxes | 450/3 | €4,550 | €5,003 | +€454 | +10.0% |
| Remuneration and social security | 454/9 | - | €667 | +€667 | |
| Turnover | 70 | €106,995 | €131,713 | +€24,718 | +23.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €97,980 | €100,862 | +€2,882 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,199 | €3,637 | -€1,562 | -30.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €235 | +€235 | |
| Other operating charges | 640/8 | €2,266 | €12,734 | +€10,468 | +462% |
| Gross operating margin | 9900 | €9,015 | €30,851 | +€21,836 | +242% |
| Operating profit (loss) | 9901 | €1,550 | €14,246 | +€12,696 | +819% |
| Financial charges | 65/66B | €501 | €491 | -€10 | -2.1% |
| Recurring financial charges | 65 | €501 | €491 | -€10 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €1,049 | €13,755 | +€12,706 | +1,212% |
| Income taxes | 67/77 | €2 | €5,299 | +€5,297 | +317,192% |
| Profit (loss) for the period | 9904 | €1,047 | €8,456 | +€7,409 | +708% |
| Profit (loss) for the period to be appropriated | 9905 | €1,047 | €8,456 | +€7,409 | +708% |
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 30 October 2026 via checked.be.