Tivara: 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.
Tivara
Largest movements
- Cash +€573
up €573 (+9,425%), from €6 to €579
mainly Trade debts (+€2,642) and Receivables within one year (+€510)
- Receivables within one year -€510
down €510 (-86.0%), from €593 to €83
- Profit (loss) carried forward -€2,966
down €2,966 (-90.9%), from -€3,264 to -€6,230
- Trade debts +€2,642
new in 2025: €2,642
- Other debts +€387
up €387 (+13.5%), from €2,863 to €3,250
- Other operating charges -€427
down €427 (-100%), from €427 to €0
- Financial charges +€91
up €91 (+809%), from €11 to €102
- Gross operating margin -€38
down €38 (-1.4%), from -€2,826 to -€2,864
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 | €599 | €662 | +€63 | +10.5% |
| Current assets | 29/58 | €599 | €662 | +€63 | +10.5% |
| Amounts receivable within one year | 40/41 | €593 | €83 | -€510 | -86.0% |
| Other amounts receivable | 41 | €593 | €83 | -€510 | -86.0% |
| Cash at bank and in hand | 54/58 | €6 | €579 | +€573 | +9,425% |
| Total equity and liabilities | 10/49 | €599 | €662 | +€63 | +10.5% |
| Equity | 10/15 | -€2,264 | -€5,230 | -€2,966 | -131% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,264 | -€6,230 | -€2,966 | -90.9% |
| Amounts payable | 17/49 | €2,863 | €5,892 | +€3,029 | +106% |
| Amounts payable within one year | 42/48 | €2,863 | €5,892 | +€3,029 | +106% |
| Trade debts | 44 | - | €2,642 | +€2,642 | |
| Suppliers | 440/4 | - | €2,642 | +€2,642 | |
| Other amounts payable | 47/48 | €2,863 | €3,250 | +€387 | +13.5% |
| Other operating charges | 640/8 | €427 | €0 | -€427 | -100% |
| Gross operating margin | 9900 | -€2,826 | -€2,864 | -€38 | -1.4% |
| Operating profit (loss) | 9901 | -€3,253 | -€2,864 | +€389 | +12.0% |
| Financial charges | 65/66B | €11 | €102 | +€91 | +809% |
| Recurring financial charges | 65 | €11 | €102 | +€91 | +809% |
| Profit (loss) for the period before taxes | 9903 | -€3,264 | -€2,966 | +€298 | +9.1% |
| Profit (loss) for the period | 9904 | -€3,264 | -€2,966 | +€298 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,264 | -€2,966 | +€298 | +9.1% |
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 17 October 2026 via checked.be.