TITKAYE: 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.
TITKAYE
Largest movements
- Cash -€209,061
down €209,061 (-75.0%), from €278,775 to €69,714
mainly Net result for the year (-€169,615) and Other debts (-€80,294)
- Financial fixed assets -€44,316
down €44,316 (-9.6%), from €459,297 to €414,981
- Profit (loss) carried forward -€169,615
down €169,615 (-12.0%), from €1.4m to €1.2m
- Other debts -€80,294
down €80,294 (-40.1%), from €200,305 to €120,010
- Gross operating margin -€16,967
down €16,967 (-257.0%), from -€6,602 to -€23,570
- Financial charges +€3,484
up €3,484 (+51.8%), from €6,729 to €10,213
of which Financial charges: +€3,484
- Financial income -€1,043
down €1,043 (-14.3%), from €7,299 to €6,256
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 | €1,632,097 | €1,382,143 | -€249,954 | -15.3% |
| Fixed assets | 21/28 | €1,131,831 | €1,091,750 | -€40,081 | -3.5% |
| Tangible fixed assets | 22/27 | €672,534 | €676,769 | +€4,235 | +0.6% |
| Furniture and vehicles | 24 | €672,534 | €676,769 | +€4,235 | +0.6% |
| Financial fixed assets | 28 | €459,297 | €414,981 | -€44,316 | -9.6% |
| Current assets | 29/58 | €500,266 | €290,392 | -€209,873 | -42.0% |
| Amounts receivable within one year | 40/41 | €40 | €1,255 | +€1,215 | +3038.2% |
| Other amounts receivable | 41 | €40 | €1,255 | +€1,215 | +3038.2% |
| Current investments | 50/53 | €212,338 | €204,414 | -€7,924 | -3.7% |
| Cash at bank and in hand | 54/58 | €278,775 | €69,714 | -€209,061 | -75.0% |
| Deferred charges and accrued income | 490/1 | €9,113 | €15,010 | +€5,896 | +64.7% |
| Total equity and liabilities | 10/49 | €1,632,097 | €1,382,143 | -€249,954 | -15.3% |
| Equity | 10/15 | €1,431,306 | €1,261,691 | -€169,615 | -11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,930 | €1,930 | = | 0.0% |
| Distributable reserves | 133 | €1,930 | €1,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,409,376 | €1,239,761 | -€169,615 | -12.0% |
| Amounts payable | 17/49 | €200,790 | €120,451 | -€80,339 | -40.0% |
| Amounts payable within one year | 42/48 | €200,790 | €120,451 | -€80,339 | -40.0% |
| Trade debts | 44 | €486 | €441 | -€45 | -9.2% |
| Suppliers | 440/4 | €486 | €441 | -€45 | -9.2% |
| Other amounts payable | 47/48 | €200,305 | €120,010 | -€80,294 | -40.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | - | €140,915 | +€140,915 | |
| Gross operating margin | 9900 | -€6,602 | -€23,570 | -€16,967 | -257.0% |
| Operating profit (loss) | 9901 | -€7,570 | -€165,483 | -€157,913 | -2086.1% |
| Financial income | 75/76B | €7,299 | €6,256 | -€1,043 | -14.3% |
| Recurring financial income | 75 | €7,299 | €6,256 | -€1,043 | -14.3% |
| Financial charges | 65/66B | €6,729 | €10,213 | +€3,484 | +51.8% |
| Recurring financial charges | 65 | €6,729 | €10,213 | +€3,484 | +51.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€7,000 | -€169,439 | -€162,440 | -2320.7% |
| Income taxes | 67/77 | - | €175 | +€175 | |
| Profit (loss) for the period | 9904 | -€7,000 | -€169,615 | -€162,615 | -2323.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,000 | -€169,615 | -€162,615 | -2323.2% |
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 5 October 2026 via checked.be.