TITS - DAMSIN: 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.
TITS - DAMSIN
Largest movements
- Current investments -€181,733
down €181,733 (-76.5%), from €237,493 to €55,761
- Intangible fixed assets -€77,857
down €77,857 (-10.6%), from €732,500 to €654,642
- Receivables after one year -€68,108
down €68,108 (-100%), from €68,108 to €0
- Tangible fixed assets -€64,754
down €64,754 (-5.3%), from €1.2m to €1.2m
of which Land and buildings: -€41,540
- Cash +€49,670
up €49,670 (+85.8%), from €57,875 to €107,546
mainly Depreciation (+€201,296) and Current investments (+€181,733)
- Debts after one year -€153,955
down €153,955 (-12.2%), from €1.3m to €1.1m
- Reserves -€123,998
down €123,998 (-16.0%), from €773,166 to €649,168
of which Distributable reserves: -€123,998
- Trade debts -€93,575
down €93,575 (-63.3%), from €147,819 to €54,244
- Gross operating margin +€244,727
up €244,727 (+26.9%), from €908,801 to €1.2m
- Staff costs +€122,219
up €122,219 (+26.2%), from €466,290 to €588,510
- Taxes +€70,746
up €70,746 (+85.4%), from €82,879 to €153,625
- Depreciation +€57,525
up €57,525 (+40.0%), from €143,772 to €201,296
- Financial charges +€14,526
up €14,526 (+43.8%), from €33,156 to €47,683
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.
Derived cash bridge
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 | €2,500,845 | €2,133,835 | -€367,009 | -14.7% |
| Fixed assets | 21/28 | €1,966,229 | €1,823,617 | -€142,612 | -7.3% |
| Intangible fixed assets | 21 | €732,500 | €654,642 | -€77,857 | -10.6% |
| Tangible fixed assets | 22/27 | €1,230,949 | €1,166,195 | -€64,754 | -5.3% |
| Land and buildings | 22 | €999,689 | €958,149 | -€41,540 | -4.2% |
| Plant, machinery and equipment | 23 | €16,158 | €13,710 | -€2,448 | -15.2% |
| Furniture and vehicles | 24 | €184,545 | €165,855 | -€18,690 | -10.1% |
| Other tangible fixed assets | 26 | €30,557 | €28,480 | -€2,077 | -6.8% |
| Financial fixed assets | 28 | €2,780 | €2,780 | = | 0.0% |
| Current assets | 29/58 | €534,616 | €310,219 | -€224,398 | -42.0% |
| Amounts receivable after more than one year | 29 | €68,108 | €0 | -€68,108 | -100% |
| Other amounts receivable | 291 | €68,108 | €0 | -€68,108 | -100% |
| Amounts receivable within one year | 40/41 | €45,230 | €17,128 | -€28,102 | -62.1% |
| Trade receivables | 40 | €7,427 | €17,128 | +€9,700 | +131% |
| Other amounts receivable | 41 | €37,802 | €0 | -€37,802 | -100% |
| Current investments | 50/53 | €237,493 | €55,761 | -€181,733 | -76.5% |
| Cash at bank and in hand | 54/58 | €57,875 | €107,546 | +€49,670 | +85.8% |
| Deferred charges and accrued income | 490/1 | €125,910 | €129,785 | +€3,875 | +3.1% |
| Total equity and liabilities | 10/49 | €2,500,845 | €2,133,835 | -€367,009 | -14.7% |
| Equity | 10/15 | €785,566 | €661,568 | -€123,998 | -15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €773,166 | €649,168 | -€123,998 | -16.0% |
| Tax-exempt reserves | 132 | €14,344 | €14,344 | = | 0.0% |
| Distributable reserves | 133 | €758,822 | €634,824 | -€123,998 | -16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,715,279 | €1,472,268 | -€243,011 | -14.2% |
| Amounts payable after more than one year | 17 | €1,264,465 | €1,110,510 | -€153,955 | -12.2% |
| Financial debts | 170/4 | €1,264,465 | €1,110,510 | -€153,955 | -12.2% |
| Amounts payable within one year | 42/48 | €432,744 | €342,459 | -€90,285 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €182,881 | €161,577 | -€21,304 | -11.6% |
| Financial debts | 43 | €6,477 | €19 | -€6,458 | -99.7% |
| Credit institutions | 430/8 | €6,477 | €19 | -€6,458 | -99.7% |
| Trade debts | 44 | €147,819 | €54,244 | -€93,575 | -63.3% |
| Suppliers | 440/4 | €147,819 | €54,244 | -€93,575 | -63.3% |
| Taxes, remuneration and social security | 45 | €95,568 | €114,291 | +€18,723 | +19.6% |
| Taxes | 450/3 | €42,224 | €44,286 | +€2,062 | +4.9% |
| Remuneration and social security | 454/9 | €53,343 | €70,005 | +€16,662 | +31.2% |
| Other amounts payable | 47/48 | - | €12,329 | +€12,329 | |
| Accrued charges and deferred income | 492/3 | €18,070 | €19,299 | +€1,229 | +6.8% |
| Non-recurring operating income | 76A | €0 | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €466,290 | €588,510 | +€122,219 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,772 | €201,296 | +€57,525 | +40.0% |
| Other operating charges | 640/8 | €9,546 | €8,326 | -€1,220 | -12.8% |
| Non-recurring operating charges | 66A | €675 | €4,941 | +€4,266 | +632% |
| Gross operating margin | 9900 | €908,801 | €1,153,528 | +€244,727 | +26.9% |
| Operating profit (loss) | 9901 | €288,519 | €350,455 | +€61,936 | +21.5% |
| Financial income | 75/76B | €2,959 | €11,060 | +€8,102 | +274% |
| Recurring financial income | 75 | €2,959 | €11,060 | +€8,102 | +274% |
| Financial charges | 65/66B | €33,156 | €47,683 | +€14,526 | +43.8% |
| Recurring financial charges | 65 | €33,156 | €47,683 | +€14,526 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €258,321 | €313,833 | +€55,511 | +21.5% |
| Income taxes | 67/77 | €82,879 | €153,625 | +€70,746 | +85.4% |
| Profit (loss) for the period | 9904 | €175,442 | €160,207 | -€15,235 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €175,442 | €160,207 | -€15,235 | -8.7% |
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 31 October 2026 via checked.be.