Titiz Management: 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.
Titiz Management
Largest movements
- Tangible fixed assets -€15,580
down €15,580 (-13.9%), from €111,764 to €96,185
of which Furniture and vehicles: -€15,113
- Receivables within one year -€4,550
down €4,550 (-21.4%), from €21,305 to €16,755
- Cash +€2,261
up €2,261 (+28.5%), from €7,940 to €10,201
mainly Depreciation (+€15,580) and Receivables within one year (+€4,550)
- Other debts -€17,111
down €17,111 (-16.6%), from €102,780 to €85,669
- Reserves -€2,397
down €2,397 (-8.1%), from €29,532 to €27,135
- Trade debts +€2,076
up €2,076 (+156.1%), from €1,330 to €3,406
- Tax, wage and social debts -€1,577
down €1,577 (-16.4%), from €9,609 to €8,032
- Depreciation +€5,154
up €5,154 (+49.4%), from €10,426 to €15,580
- Gross operating margin -€4,290
down €4,290 (-20.0%), from €21,424 to €17,134
- Other operating charges -€2,438
down €2,438 (-45.8%), from €5,317 to €2,879
- Taxes -€1,173
down €1,173 (-60.5%), from €1,938 to €765
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 | €145,752 | €126,742 | -€19,010 | -13.0% |
| Fixed assets | 21/28 | €111,764 | €96,185 | -€15,580 | -13.9% |
| Tangible fixed assets | 22/27 | €111,764 | €96,185 | -€15,580 | -13.9% |
| Plant, machinery and equipment | 23 | €689 | €375 | -€313 | -45.5% |
| Furniture and vehicles | 24 | €110,870 | €95,757 | -€15,113 | -13.6% |
| Other tangible fixed assets | 26 | €206 | €53 | -€153 | -74.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €33,987 | €30,558 | -€3,430 | -10.1% |
| Amounts receivable within one year | 40/41 | €21,305 | €16,755 | -€4,550 | -21.4% |
| Trade receivables | 40 | €21,305 | €16,755 | -€4,550 | -21.4% |
| Cash at bank and in hand | 54/58 | €7,940 | €10,201 | +€2,261 | +28.5% |
| Deferred charges and accrued income | 490/1 | €4,742 | €3,601 | -€1,141 | -24.1% |
| Total equity and liabilities | 10/49 | €145,752 | €126,742 | -€19,010 | -13.0% |
| Equity | 10/15 | €32,032 | €29,635 | -€2,397 | -7.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €29,532 | €27,135 | -€2,397 | -8.1% |
| Distributable reserves | 133 | €29,532 | €27,135 | -€2,397 | -8.1% |
| Amounts payable | 17/49 | €113,720 | €97,107 | -€16,613 | -14.6% |
| Amounts payable within one year | 42/48 | €113,720 | €97,107 | -€16,613 | -14.6% |
| Trade debts | 44 | €1,330 | €3,406 | +€2,076 | +156.1% |
| Suppliers | 440/4 | €1,330 | €3,406 | +€2,076 | +156.1% |
| Taxes, remuneration and social security | 45 | €9,609 | €8,032 | -€1,577 | -16.4% |
| Taxes | 450/3 | €9,609 | €8,032 | -€1,577 | -16.4% |
| Other amounts payable | 47/48 | €102,780 | €85,669 | -€17,111 | -16.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,426 | €15,580 | +€5,154 | +49.4% |
| Other operating charges | 640/8 | €5,317 | €2,879 | -€2,438 | -45.8% |
| Gross operating margin | 9900 | €21,424 | €17,134 | -€4,290 | -20.0% |
| Operating profit (loss) | 9901 | €5,682 | -€1,325 | -€7,007 | |
| Financial charges | 65/66B | €176 | €307 | +€131 | +74.2% |
| Recurring financial charges | 65 | €176 | €307 | +€131 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €5,505 | -€1,632 | -€7,138 | |
| Income taxes | 67/77 | €1,938 | €765 | -€1,173 | -60.5% |
| Profit (loss) for the period | 9904 | €3,568 | -€2,397 | -€5,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,568 | -€2,397 | -€5,965 |
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 7 October 2026 via checked.be.