TITECA ISABEL: 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.
TITECA ISABEL
Largest movements
- Tangible fixed assets +€180,637
up €180,637 (+42.6%), from €423,679 to €604,316
of which Land and buildings: +€181,042
- Current investments -€38,691
down €38,691 (-8.8%), from €438,763 to €400,072
- Cash -€37,315
down €37,315 (-16.4%), from €227,028 to €189,713
mainly Investment in fixed assets (net) (-€185,392) and Other debts (-€11,117)
- Receivables within one year -€26,980
down €26,980 (-13.0%), from €207,542 to €180,562
of which Other amounts receivable: -€33,792
- Debts after one year +€49,935
up €49,935 (+20.6%), from €242,458 to €292,394
- Gross operating margin -€21,073
down €21,073 (-24.8%), from €85,055 to €63,982
- Other operating charges -€14,309
down €14,309 (-92.4%), from €15,481 to €1,172
- Financial income -€6,090
down €6,090 (-23.1%), from €26,313 to €20,223
of which Non-recurring financial income: -€8,511
- Depreciation -€1,908
down €1,908 (-28.6%), from €6,663 to €4,755
- Staff costs +€1,487
up €1,487 (+4.0%), from €36,977 to €38,465
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 | €1,611,422 | €1,680,232 | +€68,811 | +4.3% |
| Fixed assets | 21/28 | €423,679 | €604,316 | +€180,637 | +42.6% |
| Tangible fixed assets | 22/27 | €423,679 | €604,316 | +€180,637 | +42.6% |
| Land and buildings | 22 | €422,135 | €603,177 | +€181,042 | +42.9% |
| Furniture and vehicles | 24 | €1,544 | €1,139 | -€405 | -26.2% |
| Current assets | 29/58 | €1,187,743 | €1,075,916 | -€111,827 | -9.4% |
| Amounts receivable after more than one year | 29 | €309,000 | €302,450 | -€6,550 | -2.1% |
| Other amounts receivable | 291 | €309,000 | €302,450 | -€6,550 | -2.1% |
| Amounts receivable within one year | 40/41 | €207,542 | €180,562 | -€26,980 | -13.0% |
| Trade receivables | 40 | €26,159 | €32,972 | +€6,813 | +26.0% |
| Other amounts receivable | 41 | €181,382 | €147,590 | -€33,792 | -18.6% |
| Current investments | 50/53 | €438,763 | €400,072 | -€38,691 | -8.8% |
| Cash at bank and in hand | 54/58 | €227,028 | €189,713 | -€37,315 | -16.4% |
| Deferred charges and accrued income | 490/1 | €5,410 | €3,120 | -€2,291 | -42.3% |
| Total equity and liabilities | 10/49 | €1,611,422 | €1,680,232 | +€68,811 | +4.3% |
| Equity | 10/15 | €1,224,000 | €1,233,341 | +€9,341 | +0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,061,600 | €1,070,941 | +€9,341 | +0.9% |
| Distributable reserves | 133 | €1,061,600 | €1,070,941 | +€9,341 | +0.9% |
| Profit (loss) carried forward | 14 | €150,000 | €150,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,057 | €60,057 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,057 | €60,057 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,057 | €60,057 | = | 0.0% |
| Amounts payable | 17/49 | €327,365 | €386,834 | +€59,469 | +18.2% |
| Amounts payable after more than one year | 17 | €242,458 | €292,394 | +€49,935 | +20.6% |
| Financial debts | 170/4 | €242,458 | €292,394 | +€49,935 | +20.6% |
| Amounts payable within one year | 42/48 | €84,383 | €93,917 | +€9,534 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €24,250 | €35,250 | +€11,000 | +45.4% |
| Trade debts | 44 | €7,086 | €10,423 | +€3,338 | +47.1% |
| Suppliers | 440/4 | €7,086 | €10,423 | +€3,338 | +47.1% |
| Taxes, remuneration and social security | 45 | €16,294 | €22,607 | +€6,313 | +38.7% |
| Taxes | 450/3 | €9,638 | €15,702 | +€6,064 | +62.9% |
| Remuneration and social security | 454/9 | €6,656 | €6,905 | +€249 | +3.7% |
| Other amounts payable | 47/48 | €36,753 | €25,637 | -€11,117 | -30.2% |
| Accrued charges and deferred income | 492/3 | €524 | €524 | = | 0.0% |
| Non-recurring operating income | 76A | €23,608 | - | -€23,608 | |
| Remuneration, social security and pensions | 62 | €36,977 | €38,465 | +€1,487 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,663 | €4,755 | -€1,908 | -28.6% |
| Other operating charges | 640/8 | €15,481 | €1,172 | -€14,309 | -92.4% |
| Gross operating margin | 9900 | €85,055 | €63,982 | -€21,073 | -24.8% |
| Operating profit (loss) | 9901 | €25,934 | €19,591 | -€6,344 | -24.5% |
| Financial income | 75/76B | €26,313 | €20,223 | -€6,090 | -23.1% |
| Recurring financial income | 75 | €17,803 | €20,223 | +€2,420 | +13.6% |
| Non-recurring financial income | 76B | €8,511 | - | -€8,511 | |
| Financial charges | 65/66B | €9,555 | €9,439 | -€117 | -1.2% |
| Recurring financial charges | 65 | €9,555 | €9,439 | -€117 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €42,692 | €30,375 | -€12,318 | -28.9% |
| Income taxes | 67/77 | €12,125 | €11,034 | -€1,092 | -9.0% |
| Profit (loss) for the period | 9904 | €30,567 | €19,341 | -€11,226 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,567 | €19,341 | -€11,226 | -36.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.