TIVASHOP: 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.
TIVASHOP
Largest movements
- Stocks and contracts +€20,106
up €20,106 (+33.4%), from €60,209 to €80,315
- Cash -€7,446
down €7,446 (-3.7%), from €199,255 to €191,809
mainly Contributions, distributions and other (-€35,000) and Stocks and contracts (-€20,106)
- Tangible fixed assets -€6,493
down €6,493 (-6.8%), from €95,192 to €88,699
of which Land and buildings: -€6,666
- Other debts +€37,930
up €37,930 (+88.7%), from €42,786 to €80,716
- Reserves -€35,000
down €35,000 (-34.4%), from €101,860 to €66,860
of which Distributable reserves: -€35,000
- Profit (loss) carried forward +€29,909
up €29,909 (+24.3%), from €122,839 to €152,748
- Trade debts -€14,419
no longer reported in 2025 (was €14,419)
- Tax, wage and social debts -€11,662
down €11,662 (-63.6%), from €18,331 to €6,669
of which Taxes: -€11,770
- Staff costs +€5,638
up €5,638 (+26.6%), from €21,229 to €26,867
- Gross operating margin -€3,843
down €3,843 (-4.6%), from €83,922 to €80,079
- Financial charges -€1,647
down €1,647 (-39.4%), from €4,177 to €2,530
of which Non-recurring financial charges: -€1,394
- Taxes -€1,445
down €1,445 (-16.8%), from €8,605 to €7,160
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 | €360,271 | €364,807 | +€4,536 | +1.3% |
| Fixed assets | 21/28 | €95,317 | €88,824 | -€6,493 | -6.8% |
| Tangible fixed assets | 22/27 | €95,192 | €88,699 | -€6,493 | -6.8% |
| Land and buildings | 22 | €57,348 | €50,682 | -€6,666 | -11.6% |
| Plant, machinery and equipment | 23 | €37,844 | €38,017 | +€173 | +0.5% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €264,954 | €275,983 | +€11,029 | +4.2% |
| Stocks and contracts in progress | 3 | €60,209 | €80,315 | +€20,106 | +33.4% |
| Stocks | 30/36 | €60,209 | €80,315 | +€20,106 | +33.4% |
| Amounts receivable within one year | 40/41 | €5,202 | €3,667 | -€1,535 | -29.5% |
| Trade receivables | 40 | €3,228 | €3,013 | -€215 | -6.7% |
| Other amounts receivable | 41 | €1,974 | €654 | -€1,320 | -66.9% |
| Cash at bank and in hand | 54/58 | €199,255 | €191,809 | -€7,446 | -3.7% |
| Deferred charges and accrued income | 490/1 | €288 | €192 | -€96 | -33.3% |
| Total equity and liabilities | 10/49 | €360,271 | €364,807 | +€4,536 | +1.3% |
| Equity | 10/15 | €237,099 | €232,008 | -€5,091 | -2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €101,860 | €66,860 | -€35,000 | -34.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €65,000 | -€35,000 | -35.0% |
| Profit (loss) carried forward | 14 | €122,839 | €152,748 | +€29,909 | +24.3% |
| Amounts payable | 17/49 | €123,172 | €132,799 | +€9,627 | +7.8% |
| Amounts payable after more than one year | 17 | €42,823 | €37,817 | -€5,006 | -11.7% |
| Financial debts | 170/4 | €42,823 | €37,817 | -€5,006 | -11.7% |
| Amounts payable within one year | 42/48 | €80,349 | €92,391 | +€12,042 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €4,813 | €5,006 | +€193 | +4.0% |
| Trade debts | 44 | €14,419 | - | -€14,419 | |
| Suppliers | 440/4 | €14,419 | - | -€14,419 | |
| Taxes, remuneration and social security | 45 | €18,331 | €6,669 | -€11,662 | -63.6% |
| Taxes | 450/3 | €13,605 | €1,835 | -€11,770 | -86.5% |
| Remuneration and social security | 454/9 | €4,726 | €4,834 | +€108 | +2.3% |
| Other amounts payable | 47/48 | €42,786 | €80,716 | +€37,930 | +88.7% |
| Accrued charges and deferred income | 492/3 | - | €2,591 | +€2,591 | |
| Remuneration, social security and pensions | 62 | €21,229 | €26,867 | +€5,638 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,196 | €12,418 | -€778 | -5.9% |
| Other operating charges | 640/8 | €1,246 | €1,209 | -€37 | -3.0% |
| Gross operating margin | 9900 | €83,922 | €80,079 | -€3,843 | -4.6% |
| Operating profit (loss) | 9901 | €48,251 | €39,585 | -€8,666 | -18.0% |
| Financial income | 75/76B | €847 | €14 | -€833 | -98.3% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1,300% |
| Non-recurring financial income | 76B | €846 | - | -€846 | |
| Financial charges | 65/66B | €4,177 | €2,530 | -€1,647 | -39.4% |
| Recurring financial charges | 65 | €2,543 | €2,290 | -€253 | -9.9% |
| Non-recurring financial charges | 66B | €1,634 | €240 | -€1,394 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €44,921 | €37,069 | -€7,852 | -17.5% |
| Income taxes | 67/77 | €8,605 | €7,160 | -€1,445 | -16.8% |
| Profit (loss) for the period | 9904 | €36,316 | €29,909 | -€6,407 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,316 | €29,909 | -€6,407 | -17.6% |
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 13 October 2026 via checked.be.