Titus Consulting: 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 Consulting
Largest movements
- Deferred charges and accrued income +€190,526
up €190,526 (+7,764%), from €2,454 to €192,979
- Cash -€84,643
down €84,643 (-24.3%), from €348,251 to €263,608
mainly Contributions, distributions and other (-€235,000) and Deferred charges and accrued income (-€190,526)
- Tangible fixed assets -€27,591
down €27,591 (-11.7%), from €235,562 to €207,972
of which Land and buildings: -€21,060
- Other debts +€238,331
up €238,331, from €0 to €238,331
- Debts after one year -€89,617
down €89,617 (-11.6%), from €770,106 to €680,489
- Tax, wage and social debts -€39,153
down €39,153 (-52.4%), from €74,719 to €35,566
of which Taxes: -€39,163
- Reserves -€39,131
down €39,131 (-3.0%), from €1.3m to €1.3m
- Financial income -€469,774
down €469,774 (-69.4%), from €677,248 to €207,474
- Taxes -€43,321
down €43,321 (-68.5%), from €63,233 to €19,912
- Gross operating margin +€12,674
up €12,674 (+23.1%), from €54,941 to €67,615
- Financial charges +€11,044
up €11,044 (+59.6%), from €18,534 to €29,577
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 | €2,640,792 | €2,714,313 | +€73,521 | +2.8% |
| Fixed assets | 21/28 | €2,268,316 | €2,240,725 | -€27,591 | -1.2% |
| Tangible fixed assets | 22/27 | €235,562 | €207,972 | -€27,591 | -11.7% |
| Land and buildings | 22 | €219,630 | €198,570 | -€21,060 | -9.6% |
| Furniture and vehicles | 24 | €15,932 | €9,402 | -€6,531 | -41.0% |
| Financial fixed assets | 28 | €2,032,754 | €2,032,754 | = | 0.0% |
| Current assets | 29/58 | €372,476 | €473,588 | +€101,112 | +27.1% |
| Amounts receivable within one year | 40/41 | €21,770 | €17,000 | -€4,770 | -21.9% |
| Trade receivables | 40 | €16,500 | €17,000 | +€500 | +3.0% |
| Other amounts receivable | 41 | €5,270 | €0 | -€5,270 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €348,251 | €263,608 | -€84,643 | -24.3% |
| Deferred charges and accrued income | 490/1 | €2,454 | €192,979 | +€190,526 | +7,764% |
| Total equity and liabilities | 10/49 | €2,640,792 | €2,714,313 | +€73,521 | +2.8% |
| Equity | 10/15 | €1,705,151 | €1,666,021 | -€39,131 | -2.3% |
| Contributions | 10/11 | €377,001 | €377,001 | = | 0.0% |
| Reserves | 13 | €1,297,338 | €1,258,207 | -€39,131 | -3.0% |
| Distributable reserves | 133 | €1,297,338 | €1,258,207 | -€39,131 | -3.0% |
| Profit (loss) carried forward | 14 | €30,813 | €30,813 | = | 0.0% |
| Amounts payable | 17/49 | €935,640 | €1,048,292 | +€112,652 | +12.0% |
| Amounts payable after more than one year | 17 | €770,106 | €680,489 | -€89,617 | -11.6% |
| Financial debts | 170/4 | €770,106 | €680,489 | -€89,617 | -11.6% |
| Amounts payable within one year | 42/48 | €165,535 | €367,803 | +€202,268 | +122% |
| Current portion of amounts payable after more than one year | 42 | €86,505 | €89,617 | +€3,112 | +3.6% |
| Trade debts | 44 | €4,311 | €4,289 | -€21 | -0.5% |
| Suppliers | 440/4 | €4,311 | €4,289 | -€21 | -0.5% |
| Taxes, remuneration and social security | 45 | €74,719 | €35,566 | -€39,153 | -52.4% |
| Taxes | 450/3 | €68,990 | €29,827 | -€39,163 | -56.8% |
| Remuneration and social security | 454/9 | €5,729 | €5,739 | +€10 | +0.2% |
| Other amounts payable | 47/48 | €0 | €238,331 | +€238,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,562 | €27,591 | +€29 | +0.1% |
| Other operating charges | 640/8 | €2,683 | €2,139 | -€544 | -20.3% |
| Gross operating margin | 9900 | €54,941 | €67,615 | +€12,674 | +23.1% |
| Operating profit (loss) | 9901 | €24,696 | €37,885 | +€13,189 | +53.4% |
| Financial income | 75/76B | €677,248 | €207,474 | -€469,774 | -69.4% |
| Recurring financial income | 75 | €677,248 | €207,474 | -€469,774 | -69.4% |
| Financial charges | 65/66B | €18,534 | €29,577 | +€11,044 | +59.6% |
| Recurring financial charges | 65 | €18,534 | €29,577 | +€11,044 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €683,410 | €215,781 | -€467,629 | -68.4% |
| Income taxes | 67/77 | €63,233 | €19,912 | -€43,321 | -68.5% |
| Profit (loss) for the period | 9904 | €620,177 | €195,869 | -€424,308 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €620,177 | €195,869 | -€424,308 | -68.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.