TITEUX: 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.
TITEUX
Largest movements
- Receivables within one year +€5,542
up €5,542 (+16.5%), from €33,541 to €39,083
- Cash -€2,741
down €2,741 (-65.8%), from €4,168 to €1,427
mainly Receivables within one year (-€5,542) and Tax, wage and social debts (-€220)
- Financial fixed assets -€631
down €631 (-100.0%), from €631 to €0
- Profit (loss) carried forward +€1,549
up €1,549 (+8.4%), from €18,529 to €20,078
- Trade debts +€898
up €898 (+759.8%), from €118 to €1,016
- Gross operating margin -€4,580
down €4,580 (-63.5%), from €7,215 to €2,635
- Staff costs -€2,516
down €2,516 (-96.2%), from €2,616 to €100
- Write-downs -€2,387
no longer reported in 2025 (was €2,387)
- Other operating charges -€233
down €233 (-61.1%), from €382 to €149
- Financial charges -€213
down €213 (-50.3%), from €423 to €210
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 | €38,339 | €40,565 | +€2,226 | +5.8% |
| Fixed assets | 21/28 | €631 | - | -€631 | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Financial fixed assets | 28 | €631 | €0 | -€631 | -100.0% |
| Current assets | 29/58 | €37,708 | €40,565 | +€2,857 | +7.6% |
| Amounts receivable within one year | 40/41 | €33,541 | €39,083 | +€5,542 | +16.5% |
| Other amounts receivable | 41 | €33,541 | €39,083 | +€5,542 | +16.5% |
| Cash at bank and in hand | 54/58 | €4,168 | €1,427 | -€2,741 | -65.8% |
| Deferred charges and accrued income | 490/1 | - | €56 | +€56 | |
| Total equity and liabilities | 10/49 | €38,339 | €40,565 | +€2,226 | +5.8% |
| Equity | 10/15 | €36,389 | €37,938 | +€1,549 | +4.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,529 | €20,078 | +€1,549 | +8.4% |
| Amounts payable | 17/49 | €1,950 | €2,628 | +€677 | +34.7% |
| Amounts payable within one year | 42/48 | €1,950 | €2,628 | +€677 | +34.7% |
| Trade debts | 44 | €118 | €1,016 | +€898 | +759.8% |
| Suppliers | 440/4 | €118 | €1,016 | +€898 | +759.8% |
| Taxes, remuneration and social security | 45 | €1,832 | €1,612 | -€220 | -12.0% |
| Taxes | 450/3 | €1,630 | €1,481 | -€149 | -9.2% |
| Remuneration and social security | 454/9 | €202 | €131 | -€71 | -35.1% |
| Remuneration, social security and pensions | 62 | €2,616 | €100 | -€2,516 | -96.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,387 | - | -€2,387 | |
| Other operating charges | 640/8 | €382 | €149 | -€233 | -61.1% |
| Gross operating margin | 9900 | €7,215 | €2,635 | -€4,580 | -63.5% |
| Operating profit (loss) | 9901 | €1,829 | €2,386 | +€557 | +30.4% |
| Financial charges | 65/66B | €423 | €210 | -€213 | -50.3% |
| Recurring financial charges | 65 | €423 | €210 | -€213 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €1,406 | €2,175 | +€769 | +54.7% |
| Income taxes | 67/77 | €429 | €627 | +€198 | +46.1% |
| Profit (loss) for the period | 9904 | €977 | €1,549 | +€572 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €977 | €1,549 | +€572 | +58.5% |
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 10 October 2026 via checked.be.