TITTHIBA: 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.
TITTHIBA
Largest movements
- Tangible fixed assets -€78,665
down €78,665 (-3.8%), from €2.1m to €2.0m
- Cash +€42,324
up €42,324 (+294%), from €14,378 to €56,702
mainly Net result for the year (+€113,735) and Depreciation (+€78,665)
- Debts after one year -€162,943
down €162,943 (-12.1%), from €1.3m to €1.2m
- Reserves +€113,912
up €113,912 (+25.6%), from €444,800 to €558,712
of which Distributable reserves: +€113,912
- Tax, wage and social debts +€40,653
up €40,653 (+5,425%), from €749 to €41,402
- Gross operating margin +€41,415
up €41,415 (+18.8%), from €220,140 to €261,555
- Taxes +€13,646
up €13,646 (+49.2%), from €27,756 to €41,402
- Financial charges -€2,987
down €2,987 (-14.1%), from €21,192 to €18,205
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 | €2,091,217 | €2,059,906 | -€31,311 | -1.5% |
| Fixed assets | 21/28 | €2,069,889 | €1,991,225 | -€78,665 | -3.8% |
| Tangible fixed assets | 22/27 | €2,069,889 | €1,991,225 | -€78,665 | -3.8% |
| Land and buildings | 22 | €2,069,889 | €1,991,225 | -€78,665 | -3.8% |
| Current assets | 29/58 | €21,328 | €68,681 | +€47,353 | +222% |
| Amounts receivable within one year | 40/41 | €6,949 | €11,979 | +€5,030 | +72.4% |
| Trade receivables | 40 | - | €8,406 | +€8,406 | |
| Other amounts receivable | 41 | €6,949 | €3,573 | -€3,377 | -48.6% |
| Cash at bank and in hand | 54/58 | €14,378 | €56,702 | +€42,324 | +294% |
| Total equity and liabilities | 10/49 | €2,091,217 | €2,059,906 | -€31,311 | -1.5% |
| Equity | 10/15 | €507,977 | €621,712 | +€113,735 | +22.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €444,800 | €558,712 | +€113,912 | +25.6% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €438,500 | €552,412 | +€113,912 | +26.0% |
| Profit (loss) carried forward | 14 | €177 | €0 | -€177 | -100% |
| Amounts payable | 17/49 | €1,583,239 | €1,438,193 | -€145,046 | -9.2% |
| Amounts payable after more than one year | 17 | €1,345,846 | €1,182,903 | -€162,943 | -12.1% |
| Financial debts | 170/4 | €1,345,846 | €1,182,903 | -€162,943 | -12.1% |
| Amounts payable within one year | 42/48 | €235,301 | €253,338 | +€18,037 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €173,927 | €175,813 | +€1,886 | +1.1% |
| Financial debts | 43 | €17,654 | €0 | -€17,654 | -100% |
| Credit institutions | 430/8 | €17,654 | €0 | -€17,654 | -100% |
| Trade debts | 44 | €639 | €968 | +€329 | +51.5% |
| Suppliers | 440/4 | €639 | €968 | +€329 | +51.5% |
| Taxes, remuneration and social security | 45 | €749 | €41,402 | +€40,653 | +5,425% |
| Taxes | 450/3 | €749 | €41,402 | +€40,653 | +5,425% |
| Other amounts payable | 47/48 | €42,331 | €35,154 | -€7,176 | -17.0% |
| Accrued charges and deferred income | 492/3 | €2,092 | €1,953 | -€140 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,665 | €78,665 | = | 0.0% |
| Other operating charges | 640/8 | €9,259 | €9,549 | +€290 | +3.1% |
| Gross operating margin | 9900 | €220,140 | €261,555 | +€41,415 | +18.8% |
| Operating profit (loss) | 9901 | €132,217 | €173,342 | +€41,125 | +31.1% |
| Financial charges | 65/66B | €21,192 | €18,205 | -€2,987 | -14.1% |
| Recurring financial charges | 65 | €21,192 | €18,205 | -€2,987 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €111,025 | €155,137 | +€44,112 | +39.7% |
| Income taxes | 67/77 | €27,756 | €41,402 | +€13,646 | +49.2% |
| Profit (loss) for the period | 9904 | €83,269 | €113,735 | +€30,466 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,269 | €113,735 | +€30,466 | +36.6% |
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 17 October 2026 via checked.be.