TITUS: 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.
TITUS
Largest movements
- Receivables after one year +€10,600
up €10,600 (+36.0%), from €29,450 to €40,050
- Cash +€7,454
up €7,454 (+815.3%), from €914 to €8,368
mainly Net result for the year (+€21,719) and Tax, wage and social debts (+€2,525)
- Tangible fixed assets +€2,700
up €2,700 (+113.5%), from €2,380 to €5,080
- Receivables within one year -€1,346
down €1,346 (-7.9%), from €17,036 to €15,690
- Deferred charges and accrued income +€1,243
up €1,243 (+59.5%), from €2,087 to €3,330
- Profit (loss) carried forward +€21,719
up €21,719 (+81.2%), from €26,744 to €48,464
- Advances received -€3,876
no longer reported in 2025 (was €3,876)
- Tax, wage and social debts +€2,525
up €2,525 (+18.2%), from €13,900 to €16,424
- Trade debts +€1,001
up €1,001 (+17.0%), from €5,903 to €6,903
- Gross operating margin +€34,957
up €34,957, from -€4,805 to €30,152
- Taxes +€6,866
up €6,866 (+8336.1%), from €82 to €6,949
- Financial income -€1,600
down €1,600 (-56.3%), from €2,843 to €1,243
- Depreciation +€614
up €614 (+44.1%), from €1,394 to €2,009
- Financial charges +€454
up €454 (+2745.6%), from €17 to €470
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 | €52,230 | €72,881 | +€20,651 | +39.5% |
| Fixed assets | 21/28 | €2,743 | €5,443 | +€2,700 | +98.5% |
| Tangible fixed assets | 22/27 | €2,380 | €5,080 | +€2,700 | +113.5% |
| Furniture and vehicles | 24 | €2,380 | €5,080 | +€2,700 | +113.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €49,488 | €67,438 | +€17,950 | +36.3% |
| Amounts receivable after more than one year | 29 | €29,450 | €40,050 | +€10,600 | +36.0% |
| Other amounts receivable | 291 | €29,450 | €40,050 | +€10,600 | +36.0% |
| Amounts receivable within one year | 40/41 | €17,036 | €15,690 | -€1,346 | -7.9% |
| Trade receivables | 40 | €17,036 | €15,690 | -€1,346 | -7.9% |
| Cash at bank and in hand | 54/58 | €914 | €8,368 | +€7,454 | +815.3% |
| Deferred charges and accrued income | 490/1 | €2,087 | €3,330 | +€1,243 | +59.5% |
| Total equity and liabilities | 10/49 | €52,230 | €72,881 | +€20,651 | +39.5% |
| Equity | 10/15 | €27,744 | €49,464 | +€21,719 | +78.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,744 | €48,464 | +€21,719 | +81.2% |
| Amounts payable | 17/49 | €24,486 | €23,417 | -€1,069 | -4.4% |
| Amounts payable within one year | 42/48 | €24,486 | €23,417 | -€1,069 | -4.4% |
| Trade debts | 44 | €5,903 | €6,903 | +€1,001 | +17.0% |
| Suppliers | 440/4 | €5,903 | €6,903 | +€1,001 | +17.0% |
| Advances received on contracts in progress | 46 | €3,876 | - | -€3,876 | |
| Taxes, remuneration and social security | 45 | €13,900 | €16,424 | +€2,525 | +18.2% |
| Taxes | 450/3 | €13,900 | €16,424 | +€2,525 | +18.2% |
| Other amounts payable | 47/48 | €808 | €90 | -€718 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,394 | €2,009 | +€614 | +44.1% |
| Other operating charges | 640/8 | - | €247 | +€247 | |
| Gross operating margin | 9900 | -€4,805 | €30,152 | +€34,957 | |
| Operating profit (loss) | 9901 | -€6,200 | €27,896 | +€34,096 | |
| Financial income | 75/76B | €2,843 | €1,243 | -€1,600 | -56.3% |
| Recurring financial income | 75 | €2,843 | €1,243 | -€1,600 | -56.3% |
| Financial charges | 65/66B | €17 | €470 | +€454 | +2745.6% |
| Recurring financial charges | 65 | €17 | €470 | +€454 | +2745.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,373 | €28,668 | +€32,041 | |
| Income taxes | 67/77 | €82 | €6,949 | +€6,866 | +8336.1% |
| Profit (loss) for the period | 9904 | -€3,456 | €21,719 | +€25,175 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,456 | €21,719 | +€25,175 |
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 9 October 2026 via checked.be.