TITECA ACCOUNTANCY AALTER: 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.
What changed
TITECA ACCOUNTANCY AALTER
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€54,637
2024 · €177,103-€122,465
Equity
€175,401
2024 · €281,400-€105,999
Cash
€134,185
2024 · €31,637+€102,548
Balance sheet total
€2.3m
2024 · €3.0m-€681,743
Largest movements
Assets
- Receivables within one year -€422,896
down €422,896 (-34.9%), from €1.2m to €789,779
of which Trade receivables: -€456,888
- Tangible fixed assets -€285,744
down €285,744 (-92.7%), from €308,195 to €22,451
of which Other tangible fixed assets: -€276,744
- Cash +€102,548
up €102,548 (+324%), from €31,637 to €134,185
mainly Receivables within one year (+€422,896) and Depreciation (+€317,124)
- Intangible fixed assets -€79,819
down €79,819 (-5.5%), from €1.5m to €1.4m
Equity and liabilities
- Other debts -€433,052
down €433,052 (-98.1%), from €441,652 to €8,599
- Reserves -€105,999
down €105,999 (-48.2%), from €219,900 to €113,901
of which Distributable reserves: -€105,999
- Debts after one year -€105,143
down €105,143 (-8.8%), from €1.2m to €1.1m
- Advances received -€93,650
down €93,650 (-50.5%), from €185,520 to €91,870
- Trade debts +€55,375
up €55,375 (+10.3%), from €538,419 to €593,794
Income statement
- Goods and materials +€292,799
up €292,799 (+1,811%), from €16,171 to €308,969
- Turnover +€274,183
up €274,183 (+9.6%), from €2.8m to €3.1m
- Staff costs +€111,150
up €111,150 (+37.1%), from €299,900 to €411,050
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
€177,103
Turnover
+€274,183
Other operating income
+€7,412
Goods and materials
-€292,799
Services and other goods
-€26,282
Staff costs
-€111,150
Depreciation
+€12,445
Write-downs
+€1,407
Other operating charges
+€2,157
Other operating items
+€4,061
Financial income
+€18,174
Financial charges
-€10,388
Taxes
-€1,686
Result 2025
€54,637
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€273,408
Investment
+€48,439
Financing
-€219,299
Cash 2024
€31,637
From operations (derived)
+€273,408
Net result for the year
+€54,637
Depreciation
+€317,124
Receivables within one year
+€422,896
Deferred charges and accrued income
-€4,168
Trade debts
+€55,375
Tax, wage and social debts
-€38,852
Advances received
-€93,650
Other debts
-€433,052
Accrued charges and deferred income
-€6,902
Investment (derived)
+€48,439
Investment in fixed assets (net)
+€48,439
Financing
-€219,299
Debts after one year
-€105,143
Current portion of long-term debt
+€44,814
Short-term financial debts
+€1,667
Contributions, distributions and other
-€160,637
Cash 2025
€134,185
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,021,312 | €2,339,569 | -€681,743 | -22.6% |
| Fixed assets | 21/28 | €1,774,266 | €1,408,704 | -€365,563 | -20.6% |
| Intangible fixed assets | 21 | €1,460,551 | €1,380,733 | -€79,819 | -5.5% |
| Tangible fixed assets | 22/27 | €308,195 | €22,451 | -€285,744 | -92.7% |
| Furniture and vehicles | 24 | €28,891 | €19,891 | -€9,000 | -31.2% |
| Other tangible fixed assets | 26 | €279,304 | €2,560 | -€276,744 | -99.1% |
| Financial fixed assets | 28 | €5,520 | €5,520 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,520 | €5,520 | = | 0.0% |
| Shares | 284 | €5,520 | €5,520 | = | 0.0% |
| Current assets | 29/58 | €1,247,046 | €930,866 | -€316,180 | -25.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,212,675 | €789,779 | -€422,896 | -34.9% |
| Trade receivables | 40 | €1,207,217 | €750,329 | -€456,888 | -37.8% |
| Other amounts receivable | 41 | €5,457 | €39,450 | +€33,992 | +623% |
| Cash at bank and in hand | 54/58 | €31,637 | €134,185 | +€102,548 | +324% |
| Deferred charges and accrued income | 490/1 | €2,734 | €6,902 | +€4,168 | +152% |
| Total equity and liabilities | 10/49 | €3,021,312 | €2,339,569 | -€681,743 | -22.6% |
| Equity | 10/15 | €281,400 | €175,401 | -€105,999 | -37.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €219,900 | €113,901 | -€105,999 | -48.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €213,750 | €107,751 | -€105,999 | -49.6% |
| Amounts payable | 17/49 | €2,739,912 | €2,164,169 | -€575,743 | -21.0% |
| Amounts payable after more than one year | 17 | €1,195,267 | €1,090,124 | -€105,143 | -8.8% |
| Financial debts | 170/4 | €1,195,267 | €1,090,124 | -€105,143 | -8.8% |
| Credit institutions | 173 | €1,195,267 | €1,090,124 | -€105,143 | -8.8% |
| Amounts payable within one year | 42/48 | €1,536,415 | €1,072,717 | -€463,699 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €277,214 | €322,028 | +€44,814 | +16.2% |
| Financial debts | 43 | €8,333 | €10,000 | +€1,667 | +20.0% |
| Other loans | 439 | €8,333 | €10,000 | +€1,667 | +20.0% |
| Trade debts | 44 | €538,419 | €593,794 | +€55,375 | +10.3% |
| Suppliers | 440/4 | €538,419 | €593,794 | +€55,375 | +10.3% |
| Advances received on contracts in progress | 46 | €185,520 | €91,870 | -€93,650 | -50.5% |
| Taxes, remuneration and social security | 45 | €85,277 | €46,426 | -€38,852 | -45.6% |
| Taxes | 450/3 | €45,378 | €647 | -€44,730 | -98.6% |
| Remuneration and social security | 454/9 | €39,900 | €45,779 | +€5,879 | +14.7% |
| Other amounts payable | 47/48 | €441,652 | €8,599 | -€433,052 | -98.1% |
| Accrued charges and deferred income | 492/3 | €8,230 | €1,328 | -€6,902 | -83.9% |
| Operating income | 70/76A | €2,857,618 | €3,143,274 | +€285,657 | +10.0% |
| Turnover | 70 | €2,847,021 | €3,121,204 | +€274,183 | +9.6% |
| Other operating income | 74 | €10,597 | €18,009 | +€7,412 | +69.9% |
| Non-recurring operating income | 76A | - | €4,061 | +€4,061 | |
| Operating charges | 60/66A | €2,609,737 | €3,023,959 | +€414,222 | +15.9% |
| Goods for resale, raw materials and consumables | 60 | €16,171 | €308,969 | +€292,799 | +1,811% |
| Purchases | 600/8 | €16,171 | €308,969 | +€292,799 | +1,811% |
| Services and other goods | 61 | €1,960,049 | €1,986,330 | +€26,282 | +1.3% |
| Remuneration, social security and pensions | 62 | €299,900 | €411,050 | +€111,150 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,568 | €317,124 | -€12,445 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €680 | -€728 | -€1,407 | |
| Other operating charges | 640/8 | €3,370 | €1,213 | -€2,157 | -64.0% |
| Operating profit (loss) | 9901 | €247,880 | €119,315 | -€128,565 | -51.9% |
| Financial income | 75/76B | €1,586 | €19,760 | +€18,174 | +1,146% |
| Recurring financial income | 75 | €1,586 | €364 | -€1,222 | -77.0% |
| Income from current assets | 751 | €1,482 | €364 | -€1,117 | -75.4% |
| Other financial income | 752/9 | €104 | €0 | -€104 | -100% |
| Non-recurring financial income | 76B | - | €19,396 | +€19,396 | |
| Financial charges | 65/66B | €52,601 | €62,989 | +€10,388 | +19.7% |
| Recurring financial charges | 65 | €52,601 | €43,593 | -€9,008 | -17.1% |
| Debt charges | 650 | €51,736 | €42,090 | -€9,645 | -18.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €55 | +€55 | |
| Other financial charges | 652/9 | €866 | €1,448 | +€583 | +67.3% |
| Non-recurring financial charges | 66B | - | €19,396 | +€19,396 | |
| Profit (loss) for the period before taxes | 9903 | €196,865 | €76,086 | -€120,779 | -61.4% |
| Income taxes | 67/77 | €19,762 | €21,448 | +€1,686 | +8.5% |
| Taxes | 670/3 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Tax adjustments and reversals of tax provisions | 77 | €5,238 | €8,552 | +€3,314 | +63.3% |
| Profit (loss) for the period | 9904 | €177,103 | €54,637 | -€122,465 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €177,103 | €54,637 | -€122,465 | -69.1% |
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 25 October 2026 via checked.be.