TITEUX: 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.
TITEUX
Largest movements
- Cash -€38,083
down €38,083 (-76.6%), from €49,709 to €11,626
mainly Receivables within one year (-€30,545) and Net result for the year (-€5,580)
- Receivables within one year +€30,545
up €30,545 (+660.2%), from €4,626 to €35,171
of which Trade receivables: +€30,723
- Deferred charges and accrued income +€1,581
up €1,581 (+320.9%), from €493 to €2,074
- Profit (loss) carried forward -€5,580
down €5,580 (-48.8%), from -€11,442 to -€17,021
- Trade debts -€1,844
down €1,844 (-61.7%), from €2,987 to €1,143
- Other debts +€1,711
up €1,711 (+3.1%), from €55,998 to €57,709
- Gross operating margin -€8,322
down €8,322, from €4,793 to -€3,529
- Depreciation -€1,196
down €1,196 (-52.4%), from €2,282 to €1,086
- Staff costs +€227
up €227 (+214.1%), from €106 to €332
- Other operating charges +€119
up €119 (+25.4%), from €466 to €585
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,220 | €50,507 | -€5,713 | -10.2% |
| Fixed assets | 21/28 | €1,392 | €1,636 | +€244 | +17.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €1,392 | €1,636 | +€244 | +17.6% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €1,335 | €1,636 | +€301 | +22.6% |
| Furniture and vehicles | 24 | €57 | €0 | -€57 | -100.0% |
| Current assets | 29/58 | €54,829 | €48,871 | -€5,957 | -10.9% |
| Amounts receivable within one year | 40/41 | €4,626 | €35,171 | +€30,545 | +660.2% |
| Trade receivables | 40 | €3,983 | €34,706 | +€30,723 | +771.3% |
| Other amounts receivable | 41 | €643 | €465 | -€178 | -27.7% |
| Cash at bank and in hand | 54/58 | €49,709 | €11,626 | -€38,083 | -76.6% |
| Deferred charges and accrued income | 490/1 | €493 | €2,074 | +€1,581 | +320.9% |
| Total equity and liabilities | 10/49 | €56,220 | €50,507 | -€5,713 | -10.2% |
| Equity | 10/15 | -€2,765 | -€8,345 | -€5,580 | -201.8% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,442 | -€17,021 | -€5,580 | -48.8% |
| Amounts payable | 17/49 | €58,986 | €58,852 | -€134 | -0.2% |
| Amounts payable within one year | 42/48 | €58,986 | €58,852 | -€134 | -0.2% |
| Trade debts | 44 | €2,987 | €1,143 | -€1,844 | -61.7% |
| Suppliers | 440/4 | €2,987 | €1,143 | -€1,844 | -61.7% |
| Other amounts payable | 47/48 | €55,998 | €57,709 | +€1,711 | +3.1% |
| Remuneration, social security and pensions | 62 | €106 | €332 | +€227 | +214.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,282 | €1,086 | -€1,196 | -52.4% |
| Other operating charges | 640/8 | €466 | €585 | +€119 | +25.4% |
| Gross operating margin | 9900 | €4,793 | -€3,529 | -€8,322 | |
| Operating profit (loss) | 9901 | €1,938 | -€5,532 | -€7,471 | |
| Financial charges | 65/66B | €51 | €47 | -€4 | -7.4% |
| Recurring financial charges | 65 | €51 | €47 | -€4 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €1,887 | -€5,580 | -€7,467 | |
| Profit (loss) for the period | 9904 | €1,887 | -€5,580 | -€7,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,887 | -€5,580 | -€7,467 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.