TITP: 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.
TITP
Largest movements
- Intangible fixed assets +€552,903
new in 2024: €552,903
- Receivables within one year +€252,094
up €252,094 (+79.4%), from €317,439 to €569,533
of which Trade receivables: +€151,969
- Deferred charges and accrued income +€15,201
up €15,201 (+281%), from €5,412 to €20,614
- Tangible fixed assets -€13,260
down €13,260 (-20.7%), from €64,062 to €50,802
of which Furniture and vehicles: -€13,022
- Tax, wage and social debts +€213,074
up €213,074 (+87.5%), from €243,503 to €456,577
of which Remuneration and social security: +€117,758
- Trade debts +€185,176
up €185,176 (+2,419%), from €7,654 to €192,830
- Profit (loss) carried forward +€152,859
up €152,859 (+132%), from €115,769 to €268,628
- Short-term financial debts +€151,511
new in 2024: €151,511
of which Credit institutions: +€134,161
- Provisions +€63,150
new in 2024: €63,150
- Gross operating margin +€282,672
up €282,672 (+78.6%), from €359,497 to €642,169
- Staff costs +€220,105
up €220,105 (+127%), from €173,040 to €393,145
- Taxes +€9,005
up €9,005 (+16.6%), from €54,145 to €63,150
- Financial charges +€8,626
up €8,626 (+170%), from €5,084 to €13,710
- Other operating charges -€8,047
no longer reported in 2024 (was €8,047)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,810 | €1,255,693 | +€814,882 | +185% |
| Fixed assets | 21/28 | €64,062 | €603,705 | +€539,643 | +842% |
| Intangible fixed assets | 21 | - | €552,903 | +€552,903 | |
| Tangible fixed assets | 22/27 | €64,062 | €50,802 | -€13,260 | -20.7% |
| Furniture and vehicles | 24 | €62,873 | €49,850 | -€13,022 | -20.7% |
| Other tangible fixed assets | 26 | €1,190 | €952 | -€238 | -20.0% |
| Current assets | 29/58 | €376,748 | €651,988 | +€275,239 | +73.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €317,439 | €569,533 | +€252,094 | +79.4% |
| Trade receivables | 40 | €268,581 | €420,550 | +€151,969 | +56.6% |
| Other amounts receivable | 41 | €48,858 | €148,983 | +€100,125 | +205% |
| Current investments | 50/53 | €5,257 | €7,057 | +€1,800 | +34.2% |
| Cash at bank and in hand | 54/58 | €18,641 | €24,784 | +€6,144 | +33.0% |
| Deferred charges and accrued income | 490/1 | €5,412 | €20,614 | +€15,201 | +281% |
| Total equity and liabilities | 10/49 | €440,810 | €1,255,693 | +€814,882 | +185% |
| Equity | 10/15 | €121,969 | €274,828 | +€152,859 | +125% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,769 | €268,628 | +€152,859 | +132% |
| Provisions and deferred taxes | 16 | - | €63,150 | +€63,150 | |
| Provisions for liabilities and charges | 160/5 | - | €63,150 | +€63,150 | |
| Other liabilities and charges | 164/5 | - | €63,150 | +€63,150 | |
| Amounts payable | 17/49 | €318,841 | €917,714 | +€598,873 | +188% |
| Amounts payable after more than one year | 17 | €51,193 | €35,106 | -€16,086 | -31.4% |
| Financial debts | 170/4 | €42,319 | €26,232 | -€16,086 | -38.0% |
| Other amounts payable | 178/9 | €8,874 | €8,874 | = | 0.0% |
| Amounts payable within one year | 42/48 | €267,649 | €882,451 | +€614,802 | +230% |
| Current portion of amounts payable after more than one year | 42 | €15,597 | €53,138 | +€37,541 | +241% |
| Financial debts | 43 | - | €151,511 | +€151,511 | |
| Credit institutions | 430/8 | - | €134,161 | +€134,161 | |
| Other loans | 439 | - | €17,350 | +€17,350 | |
| Trade debts | 44 | €7,654 | €192,830 | +€185,176 | +2,419% |
| Suppliers | 440/4 | €7,654 | €192,830 | +€185,176 | +2,419% |
| Taxes, remuneration and social security | 45 | €243,503 | €456,577 | +€213,074 | +87.5% |
| Taxes | 450/3 | €193,173 | €288,490 | +€95,317 | +49.3% |
| Remuneration and social security | 454/9 | €50,330 | €168,088 | +€117,758 | +234% |
| Other amounts payable | 47/48 | €895 | €28,395 | +€27,500 | +3,071% |
| Accrued charges and deferred income | 492/3 | - | €157 | +€157 | |
| Remuneration, social security and pensions | 62 | €173,040 | €393,145 | +€220,105 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,739 | €19,321 | +€1,582 | +8.9% |
| Other operating charges | 640/8 | €8,047 | - | -€8,047 | |
| Gross operating margin | 9900 | €359,497 | €642,169 | +€282,672 | +78.6% |
| Operating profit (loss) | 9901 | €160,671 | €229,704 | +€69,032 | +43.0% |
| Financial income | 75/76B | €1,401 | €16 | -€1,385 | -98.9% |
| Recurring financial income | 75 | €1,401 | €16 | -€1,385 | -98.9% |
| Financial charges | 65/66B | €5,084 | €13,710 | +€8,626 | +170% |
| Recurring financial charges | 65 | €5,084 | €13,710 | +€8,626 | +170% |
| Profit (loss) for the period before taxes | 9903 | €156,989 | €216,009 | +€59,021 | +37.6% |
| Income taxes | 67/77 | €54,145 | €63,150 | +€9,005 | +16.6% |
| Profit (loss) for the period | 9904 | €102,844 | €152,859 | +€50,016 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,844 | €152,859 | +€50,016 | +48.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.