TITECA: 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.
What changed
TITECA
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €191,020+€3.2m
Equity
€10.2m
2024 · €6.9m+€3.3m
Cash
€1.4m
2024 · €581,971+€811,378
Balance sheet total
€40.7m
2024 · €30.2m+€10.4m
Largest movements
Assets
- Financial fixed assets +€11.3m
up €11.3m (+69.6%), from €16.2m to €27.5m
of which Affiliated companies: +€11.3m
- Tangible fixed assets -€1.9m
down €1.9m (-77.4%), from €2.4m to €553,733
of which Other tangible fixed assets: -€1.6m
- Cash +€811,378
up €811,378 (+139.4%), from €581,971 to €1.4m
mainly Depreciation (+€5.1m) and Other debts (+€4.3m)
- Receivables within one year +€420,532
up €420,532 (+4.3%), from €9.8m to €10.2m
of which Other amounts receivable: +€635,285
Equity and liabilities
- Other debts +€4.3m
up €4.3m (+115.4%), from €3.7m to €8.0m
- Reserves +€3.3m
up €3.3m (+47.8%), from €6.8m to €10.1m
of which Distributable reserves: +€2.9m
- Debts after one year +€2.7m
up €2.7m (+34.7%), from €7.9m to €10.6m
- Current portion of long-term debt +€2.7m
up €2.7m (+140.0%), from €1.9m to €4.6m
- Advances received -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
Income statement
- Turnover -€7.3m
down €7.3m (-34.2%), from €21.4m to €14.1m
- Financial income +€6.3m
up €6.3m (+991.9%), from €631,975 to €6.9m
- Depreciation +€4.6m
up €4.6m (+894.9%), from €510,718 to €5.1m
- Services and other goods -€3.7m
down €3.7m (-23.2%), from €15.9m to €12.2m
- Other operating income +€3.5m
up €3.5m (+1485.7%), from €236,716 to €3.8m
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.
Result 2024
€191,020
Turnover
-€7.3m
Other operating income
+€3.5m
Goods and materials
+€1.6m
Services and other goods
+€3.7m
Staff costs
+€1.2m
Depreciation
-€4.6m
Write-downs
+€47,640
Other operating charges
+€3,446
Other operating items
+€24,132
Financial income
+€6.3m
Financial charges
-€562,004
Taxes
-€635,892
Result 2025
€3.4m
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.
From operations
+€10.1m
Investment
-€14.4m
Financing
+€5.1m
Cash 2024
€581,971
From operations (derived)
+€10.1m
Net result for the year
+€3.4m
Depreciation
+€5.1m
Receivables within one year
-€420,532
Deferred charges and accrued income
+€141,482
Trade debts
-€1.1m
Tax, wage and social debts
-€280,086
Advances received
-€1.3m
Other debts
+€4.3m
Accrued charges and deferred income
+€346,613
Investment (derived)
-€14.4m
Investment in fixed assets (net)
-€14.4m
Financing
+€5.1m
Debts after one year
+€2.7m
Current portion of long-term debt
+€2.7m
Short-term financial debts
-€158,241
Contributions, distributions and other
-€132,575
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,246,274 | €40,688,463 | +€10.4m | +34.5% |
| Fixed assets | 21/28 | €18,711,043 | €28,062,803 | +€9.4m | +50.0% |
| Intangible fixed assets | 21 | €65,368 | €35,551 | -€29,817 | -45.6% |
| Tangible fixed assets | 22/27 | €2,446,826 | €553,733 | -€1.9m | -77.4% |
| Furniture and vehicles | 24 | €858,627 | €553,733 | -€304,894 | -35.5% |
| Other tangible fixed assets | 26 | €1,588,199 | €0 | -€1.6m | -100.0% |
| Financial fixed assets | 28 | €16,198,849 | €27,473,520 | +€11.3m | +69.6% |
| Affiliated companies | 280/1 | €16,198,725 | €27,473,222 | +€11.3m | +69.6% |
| Participating interests | 280 | €16,198,725 | €27,473,222 | +€11.3m | +69.6% |
| Other financial fixed assets | 284/8 | €124 | €298 | +€174 | +140.3% |
| Amounts receivable and cash guarantees | 285/8 | €124 | €298 | +€174 | +140.3% |
| Current assets | 29/58 | €11,535,231 | €12,625,660 | +€1.1m | +9.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,798,394 | €10,218,926 | +€420,532 | +4.3% |
| Trade receivables | 40 | €7,736,727 | €7,521,975 | -€214,752 | -2.8% |
| Other amounts receivable | 41 | €2,061,666 | €2,696,951 | +€635,285 | +30.8% |
| Cash at bank and in hand | 54/58 | €581,971 | €1,393,350 | +€811,378 | +139.4% |
| Deferred charges and accrued income | 490/1 | €1,154,866 | €1,013,384 | -€141,482 | -12.3% |
| Total equity and liabilities | 10/49 | €30,246,274 | €40,688,463 | +€10.4m | +34.5% |
| Equity | 10/15 | €6,896,715 | €10,162,564 | +€3.3m | +47.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,834,715 | €10,100,564 | +€3.3m | +47.8% |
| Non-distributable reserves | 130/1 | €6,957 | €6,957 | = | 0.0% |
| Legal reserve | 130 | €6,957 | €6,957 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,228,803 | €2,620,333 | +€391,530 | +17.6% |
| Distributable reserves | 133 | €4,598,955 | €7,473,273 | +€2.9m | +62.5% |
| Amounts payable | 17/49 | €23,349,558 | €30,525,899 | +€7.2m | +30.7% |
| Amounts payable after more than one year | 17 | €7,853,519 | €10,582,369 | +€2.7m | +34.7% |
| Financial debts | 170/4 | €7,853,519 | €10,582,369 | +€2.7m | +34.7% |
| Credit institutions | 173 | €7,853,519 | €9,350,937 | +€1.5m | +19.1% |
| Other loans | 174 | - | €1,231,432 | +€1.2m | |
| Amounts payable within one year | 42/48 | €15,414,056 | €19,514,935 | +€4.1m | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €1,920,233 | €4,608,466 | +€2.7m | +140.0% |
| Financial debts | 43 | €4,955,746 | €4,797,505 | -€158,241 | -3.2% |
| Credit institutions | 430/8 | €4,500,000 | €2,600,000 | -€1.9m | -42.2% |
| Other loans | 439 | €455,746 | €2,197,505 | +€1.7m | +382.2% |
| Trade debts | 44 | €3,004,081 | €1,923,825 | -€1.1m | -36.0% |
| Suppliers | 440/4 | €3,004,081 | €1,923,825 | -€1.1m | -36.0% |
| Advances received on contracts in progress | 46 | €1,335,696 | €0 | -€1.3m | -100.0% |
| Taxes, remuneration and social security | 45 | €499,485 | €219,399 | -€280,086 | -56.1% |
| Taxes | 450/3 | €209,376 | €73,263 | -€136,113 | -65.0% |
| Remuneration and social security | 454/9 | €290,109 | €146,136 | -€143,973 | -49.6% |
| Other amounts payable | 47/48 | €3,698,817 | €7,965,740 | +€4.3m | +115.4% |
| Accrued charges and deferred income | 492/3 | €81,983 | €428,595 | +€346,613 | +422.8% |
| Operating income | 70/76A | €21,657,204 | €17,869,548 | -€3.8m | -17.5% |
| Turnover | 70 | €21,420,488 | €14,091,795 | -€7.3m | -34.2% |
| Other operating income | 74 | €236,716 | €3,753,621 | +€3.5m | +1485.7% |
| Non-recurring operating income | 76A | - | €24,132 | +€24,132 | |
| Operating charges | 60/66A | €21,591,032 | €19,666,952 | -€1.9m | -8.9% |
| Goods for resale, raw materials and consumables | 60 | €2,118,718 | €529,765 | -€1.6m | -75.0% |
| Purchases | 600/8 | €2,118,718 | €529,765 | -€1.6m | -75.0% |
| Services and other goods | 61 | €15,873,340 | €12,194,837 | -€3.7m | -23.2% |
| Remuneration, social security and pensions | 62 | €2,955,706 | €1,779,709 | -€1.2m | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510,718 | €5,081,176 | +€4.6m | +894.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,640 | €0 | -€47,640 | -100.0% |
| Other operating charges | 640/8 | €84,911 | €81,465 | -€3,446 | -4.1% |
| Operating profit (loss) | 9901 | €66,172 | -€1,797,404 | -€1.9m | |
| Financial income | 75/76B | €631,975 | €6,900,850 | +€6.3m | +991.9% |
| Recurring financial income | 75 | €631,975 | €6,900,850 | +€6.3m | +991.9% |
| Income from financial fixed assets | 750 | €608,580 | €79,821 | -€528,759 | -86.9% |
| Income from current assets | 751 | €21,966 | €6,807,369 | +€6.8m | +30890.8% |
| Other financial income | 752/9 | €1,429 | €13,660 | +€12,231 | +856.0% |
| Financial charges | 65/66B | €489,583 | €1,051,586 | +€562,004 | +114.8% |
| Recurring financial charges | 65 | €489,583 | €1,051,586 | +€562,004 | +114.8% |
| Debt charges | 650 | €475,652 | €1,036,271 | +€560,619 | +117.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €1,170 | +€1,170 | |
| Other financial charges | 652/9 | €13,931 | €14,145 | +€214 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €208,564 | €4,051,860 | +€3.8m | +1842.7% |
| Income taxes | 67/77 | €17,544 | €653,437 | +€635,892 | +3624.5% |
| Taxes | 670/3 | €90,000 | €659,481 | +€569,481 | +632.8% |
| Tax adjustments and reversals of tax provisions | 77 | €72,456 | €6,045 | -€66,411 | -91.7% |
| Profit (loss) for the period | 9904 | €191,020 | €3,398,423 | +€3.2m | +1679.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €191,020 | €3,398,423 | +€3.2m | +1679.1% |
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 2 October 2026 via checked.be.