TIVAN: 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.
TIVAN
Largest movements
- Tangible fixed assets +€125,396
up €125,396 (+13.3%), from €943,641 to €1.1m
of which Other tangible fixed assets: +€310,830
- Cash -€22,721
down €22,721 (-35.1%), from €64,778 to €42,057
mainly Investment in fixed assets (net) (-€203,735) and Other debts (-€69,519)
- Profit (loss) carried forward +€147,740
up €147,740 (+72.3%), from -€204,433 to -€56,693
- Other debts -€69,519
down €69,519 (-33.2%), from €209,185 to €139,666
- Accrued charges and deferred income +€17,775
up €17,775 (+27.3%), from €65,100 to €82,875
- Gross operating margin +€215,858
up €215,858 (+628.9%), from €34,326 to €250,184
- Depreciation +€41,118
up €41,118 (+110.5%), from €37,221 to €78,340
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,011,143 | €1,113,197 | +€102,054 | +10.1% |
| Fixed assets | 21/28 | €943,641 | €1,069,037 | +€125,396 | +13.3% |
| Tangible fixed assets | 22/27 | €943,641 | €1,069,037 | +€125,396 | +13.3% |
| Land and buildings | 22 | €858,302 | €668,585 | -€189,718 | -22.1% |
| Plant, machinery and equipment | 23 | €85,338 | €82,658 | -€2,681 | -3.1% |
| Furniture and vehicles | 24 | - | €6,964 | +€6,964 | |
| Other tangible fixed assets | 26 | - | €310,830 | +€310,830 | |
| Current assets | 29/58 | €67,502 | €44,161 | -€23,341 | -34.6% |
| Amounts receivable within one year | 40/41 | €23 | €62 | +€39 | +166.8% |
| Other amounts receivable | 41 | €23 | €62 | +€39 | +166.8% |
| Cash at bank and in hand | 54/58 | €64,778 | €42,057 | -€22,721 | -35.1% |
| Deferred charges and accrued income | 490/1 | €2,701 | €2,042 | -€659 | -24.4% |
| Total equity and liabilities | 10/49 | €1,011,143 | €1,113,197 | +€102,054 | +10.1% |
| Equity | 10/15 | €269,586 | €417,325 | +€147,740 | +54.8% |
| Contributions | 10/11 | €466,000 | €466,000 | = | 0.0% |
| Capital | 10 | €466,000 | €466,000 | = | 0.0% |
| Issued capital | 100 | €466,000 | €466,000 | = | 0.0% |
| Reserves | 13 | €8,018 | €8,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,018 | €8,018 | = | 0.0% |
| Legal reserve | 130 | €8,018 | €8,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,433 | -€56,693 | +€147,740 | +72.3% |
| Amounts payable | 17/49 | €741,557 | €695,872 | -€45,686 | -6.2% |
| Amounts payable after more than one year | 17 | €465,000 | €465,000 | = | 0.0% |
| Financial debts | 170/4 | €465,000 | €465,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €211,457 | €147,997 | -€63,461 | -30.0% |
| Trade debts | 44 | €2,272 | €8,331 | +€6,059 | +266.7% |
| Suppliers | 440/4 | €2,272 | €8,331 | +€6,059 | +266.7% |
| Other amounts payable | 47/48 | €209,185 | €139,666 | -€69,519 | -33.2% |
| Accrued charges and deferred income | 492/3 | €65,100 | €82,875 | +€17,775 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,221 | €78,340 | +€41,118 | +110.5% |
| Other operating charges | 640/8 | €7,218 | €6,784 | -€434 | -6.0% |
| Gross operating margin | 9900 | €34,326 | €250,184 | +€215,858 | +628.9% |
| Operating profit (loss) | 9901 | -€10,114 | €165,059 | +€175,173 | |
| Financial income | 75/76B | €78 | €142 | +€65 | +83.0% |
| Recurring financial income | 75 | €78 | €142 | +€65 | +83.0% |
| Financial charges | 65/66B | €16,361 | €17,462 | +€1,101 | +6.7% |
| Recurring financial charges | 65 | €16,361 | €17,462 | +€1,101 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,397 | €147,740 | +€174,137 | |
| Profit (loss) for the period | 9904 | -€26,397 | €147,740 | +€174,137 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,397 | €147,740 | +€174,137 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.