"TITAUR": 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.
"TITAUR"
Largest movements
- Receivables within one year -€34,040
down €34,040 (-92.2%), from €36,905 to €2,865
of which Trade receivables: -€36,905
- Stocks and contracts +€13,645
new in 2024: €13,645
- Trade debts -€35,372
down €35,372 (-99.8%), from €35,447 to €75
- Other debts +€15,832
up €15,832 (+5734.4%), from €276 to €16,108
- Profit (loss) carried forward -€978
down €978 (-21.8%), from -€4,485 to -€5,464
- Gross operating margin -€1,603
down €1,603, from €1,437 to -€166
- Other operating charges +€103
up €103 (+28.8%), from €357 to €459
- Financial charges -€38
down €38 (-27.3%), from €141 to €102
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,658 | €16,920 | -€20,739 | -55.1% |
| Fixed assets | 21/28 | €501 | €250 | -€250 | -50.0% |
| Tangible fixed assets | 22/27 | €501 | €250 | -€250 | -50.0% |
| Assets under construction and advance payments | 27 | €501 | €250 | -€250 | -50.0% |
| Current assets | 29/58 | €37,157 | €16,669 | -€20,488 | -55.1% |
| Stocks and contracts in progress | 3 | - | €13,645 | +€13,645 | |
| Stocks | 30/36 | - | €13,645 | +€13,645 | |
| Amounts receivable within one year | 40/41 | €36,905 | €2,865 | -€34,040 | -92.2% |
| Trade receivables | 40 | €36,905 | - | -€36,905 | |
| Other amounts receivable | 41 | - | €2,865 | +€2,865 | |
| Cash at bank and in hand | 54/58 | €252 | €159 | -€93 | -36.9% |
| Total equity and liabilities | 10/49 | €37,658 | €16,920 | -€20,739 | -55.1% |
| Equity | 10/15 | €1,715 | €736 | -€978 | -57.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,485 | -€5,464 | -€978 | -21.8% |
| Amounts payable | 17/49 | €35,944 | €16,183 | -€19,760 | -55.0% |
| Amounts payable within one year | 42/48 | €35,944 | €16,183 | -€19,760 | -55.0% |
| Trade debts | 44 | €35,447 | €75 | -€35,372 | -99.8% |
| Suppliers | 440/4 | €35,447 | €75 | -€35,372 | -99.8% |
| Taxes, remuneration and social security | 45 | €221 | - | -€221 | |
| Taxes | 450/3 | €221 | - | -€221 | |
| Other amounts payable | 47/48 | €276 | €16,108 | +€15,832 | +5734.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €250 | = | 0.0% |
| Other operating charges | 640/8 | €357 | €459 | +€103 | +28.8% |
| Gross operating margin | 9900 | €1,437 | -€166 | -€1,603 | |
| Operating profit (loss) | 9901 | €830 | -€876 | -€1,706 | |
| Financial charges | 65/66B | €141 | €102 | -€38 | -27.3% |
| Recurring financial charges | 65 | €141 | €102 | -€38 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €689 | -€978 | -€1,668 | |
| Profit (loss) for the period | 9904 | €689 | -€978 | -€1,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €689 | -€978 | -€1,668 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.