TIVA: what changed
Two fiscal 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
- Intangible fixed assets -€82,500
down €82,500 (-33.3%), from €247,500 to €165,000
- Cash +€58,869
up €58,869 (+107.3%), from €54,876 to €113,745
mainly Net result for the year (+€233,246) and Depreciation (+€101,064)
- Tangible fixed assets -€18,564
down €18,564 (-29.8%), from €62,230 to €43,666
of which Furniture and vehicles: -€17,898
- Deferred charges and accrued income +€5,651
up €5,651 (+3.1%), from €179,815 to €185,466
- Other debts -€42,480
down €42,480 (-11.4%), from €373,363 to €330,883
- Tax, wage and social debts +€30,450
up €30,450 (+260.3%), from €11,700 to €42,150
- Contributions -€18,540
down €18,540 (-99.7%), from €18,600 to €60
- Accrued charges and deferred income -€7,928
no longer reported in 2025 (was €7,928)
- Gross operating margin -€11,086
down €11,086 (-2.6%), from €422,153 to €411,067
- Financial charges -€7,459
down €7,459 (-90.6%), from €8,236 to €776
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 | €544,421 | €509,376 | -€35,045 | -6.4% |
| Fixed assets | 21/28 | €309,730 | €208,666 | -€101,064 | -32.6% |
| Intangible fixed assets | 21 | €247,500 | €165,000 | -€82,500 | -33.3% |
| Tangible fixed assets | 22/27 | €62,230 | €43,666 | -€18,564 | -29.8% |
| Plant, machinery and equipment | 23 | €1,475 | €808 | -€666 | -45.2% |
| Furniture and vehicles | 24 | €60,755 | €42,857 | -€17,898 | -29.5% |
| Current assets | 29/58 | €234,691 | €300,711 | +€66,019 | +28.1% |
| Amounts receivable within one year | 40/41 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €54,876 | €113,745 | +€58,869 | +107.3% |
| Deferred charges and accrued income | 490/1 | €179,815 | €185,466 | +€5,651 | +3.1% |
| Total equity and liabilities | 10/49 | €544,421 | €509,376 | -€35,045 | -6.4% |
| Equity | 10/15 | €148,600 | €133,306 | -€15,294 | -10.3% |
| Contributions | 10/11 | €18,600 | €60 | -€18,540 | -99.7% |
| Reserves | 13 | €130,000 | €130,000 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,246 | +€3,246 | |
| Amounts payable | 17/49 | €395,821 | €376,071 | -€19,750 | -5.0% |
| Amounts payable within one year | 42/48 | €387,893 | €376,071 | -€11,822 | -3.0% |
| Trade debts | 44 | €2,830 | €3,038 | +€208 | +7.4% |
| Suppliers | 440/4 | €2,830 | €3,038 | +€208 | +7.4% |
| Taxes, remuneration and social security | 45 | €11,700 | €42,150 | +€30,450 | +260.3% |
| Taxes | 450/3 | €11,700 | €42,150 | +€30,450 | +260.3% |
| Other amounts payable | 47/48 | €373,363 | €330,883 | -€42,480 | -11.4% |
| Accrued charges and deferred income | 492/3 | €7,928 | - | -€7,928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,365 | €101,064 | -€301 | -0.3% |
| Other operating charges | 640/8 | €2,786 | €2,333 | -€452 | -16.2% |
| Gross operating margin | 9900 | €422,153 | €411,067 | -€11,086 | -2.6% |
| Operating profit (loss) | 9901 | €318,003 | €307,670 | -€10,333 | -3.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €8,236 | €776 | -€7,459 | -90.6% |
| Recurring financial charges | 65 | €8,236 | €776 | -€7,459 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €309,767 | €306,895 | -€2,872 | -0.9% |
| Income taxes | 67/77 | €73,498 | €73,650 | +€152 | +0.2% |
| Profit (loss) for the period | 9904 | €236,269 | €233,246 | -€3,023 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €236,269 | €233,246 | -€3,023 | -1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.