TIVA: 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.
TIVA
Largest movements
- Cash +€46,523
up €46,523 (+323%), from €14,408 to €60,931
mainly Trade debts (+€73,808) and Depreciation (+€34,738)
- Tangible fixed assets -€34,738
down €34,738 (-41.3%), from €84,136 to €49,398
of which Furniture and vehicles: -€24,900
- Receivables within one year +€18,226
up €18,226 (+152%), from €11,958 to €30,185
of which Trade receivables: +€20,059
- Trade debts +€73,808
up €73,808 (+13,147%), from €561 to €74,369
- Profit (loss) carried forward -€44,449
down €44,449, from €0 to -€44,449
- Other operating charges +€73,216
up €73,216 (+9,714%), from €754 to €73,969
- Depreciation +€20,209
up €20,209 (+139%), from €14,529 to €34,738
- Gross operating margin +€1,327
up €1,327 (+2.1%), from €62,934 to €64,261
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 | €111,006 | €140,937 | +€29,930 | +27.0% |
| Fixed assets | 21/28 | €84,136 | €49,398 | -€34,738 | -41.3% |
| Tangible fixed assets | 22/27 | €84,136 | €49,398 | -€34,738 | -41.3% |
| Land and buildings | 22 | €303 | €202 | -€101 | -33.3% |
| Plant, machinery and equipment | 23 | €27,272 | €17,535 | -€9,737 | -35.7% |
| Furniture and vehicles | 24 | €56,562 | €31,662 | -€24,900 | -44.0% |
| Current assets | 29/58 | €26,870 | €91,538 | +€64,669 | +241% |
| Amounts receivable within one year | 40/41 | €11,958 | €30,185 | +€18,226 | +152% |
| Trade receivables | 40 | €10,126 | €30,185 | +€20,059 | +198% |
| Other amounts receivable | 41 | €1,833 | €0 | -€1,833 | -100% |
| Cash at bank and in hand | 54/58 | €14,408 | €60,931 | +€46,523 | +323% |
| Deferred charges and accrued income | 490/1 | €504 | €423 | -€81 | -16.0% |
| Total equity and liabilities | 10/49 | €111,006 | €140,937 | +€29,930 | +27.0% |
| Equity | 10/15 | €18,633 | -€25,857 | -€44,490 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €41 | €0 | -€41 | -100% |
| Distributable reserves | 133 | €41 | €0 | -€41 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€44,449 | -€44,449 | |
| Amounts payable | 17/49 | €92,373 | €166,793 | +€74,420 | +80.6% |
| Amounts payable within one year | 42/48 | €92,373 | €166,793 | +€74,420 | +80.6% |
| Trade debts | 44 | €561 | €74,369 | +€73,808 | +13,147% |
| Suppliers | 440/4 | €561 | €74,369 | +€73,808 | +13,147% |
| Taxes, remuneration and social security | 45 | - | €612 | +€612 | |
| Taxes | 450/3 | - | €612 | +€612 | |
| Other amounts payable | 47/48 | €91,812 | €91,812 | = | 0.0% |
| Non-recurring operating income | 76A | €49,000 | €0 | -€49,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,529 | €34,738 | +€20,209 | +139% |
| Other operating charges | 640/8 | €754 | €73,969 | +€73,216 | +9,714% |
| Gross operating margin | 9900 | €62,934 | €64,261 | +€1,327 | +2.1% |
| Operating profit (loss) | 9901 | €47,651 | -€44,446 | -€92,097 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €47,612 | -€44,490 | -€92,102 | |
| Profit (loss) for the period | 9904 | €47,612 | -€44,490 | -€92,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,612 | -€44,490 | -€92,102 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.