Tivedo: 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.
Tivedo
Largest movements
- Stocks and contracts -€104,961
down €104,961 (-100%), from €104,961 to €0
- Receivables within one year +€96,704
up €96,704 (+2,775%), from €3,485 to €100,189
of which Trade receivables: +€100,000
- Cash +€11,270
up €11,270 (+670%), from €1,682 to €12,952
mainly Stocks and contracts (+€104,961) and Other debts (+€24,207)
- Other debts +€24,207
up €24,207 (+24.2%), from €100,146 to €124,353
- Trade debts -€17,829
down €17,829 (-83.0%), from €21,487 to €3,658
- Profit (loss) carried forward -€13,365
down €13,365 (-8.3%), from -€161,506 to -€174,870
- Advances received +€10,000
new in 2025: €10,000
- Gross operating margin -€3,078
down €3,078 (-57.2%), from -€5,382 to -€8,460
- Financial charges +€1,141
up €1,141 (+35.2%), from €3,243 to €4,385
- Financial income -€653
down €653 (-100%), from €653 to €0
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 | €110,128 | €113,141 | +€3,013 | +2.7% |
| Current assets | 29/58 | €110,128 | €113,141 | +€3,013 | +2.7% |
| Stocks and contracts in progress | 3 | €104,961 | €0 | -€104,961 | -100% |
| Stocks | 30/36 | €104,961 | €0 | -€104,961 | -100% |
| Amounts receivable within one year | 40/41 | €3,485 | €100,189 | +€96,704 | +2,775% |
| Trade receivables | 40 | €0 | €100,000 | +€100,000 | |
| Other amounts receivable | 41 | €3,485 | €189 | -€3,296 | -94.6% |
| Cash at bank and in hand | 54/58 | €1,682 | €12,952 | +€11,270 | +670% |
| Total equity and liabilities | 10/49 | €110,128 | €113,141 | +€3,013 | +2.7% |
| Equity | 10/15 | -€11,506 | -€24,870 | -€13,365 | -116% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,506 | -€174,870 | -€13,365 | -8.3% |
| Amounts payable | 17/49 | €121,633 | €138,011 | +€16,378 | +13.5% |
| Amounts payable within one year | 42/48 | €121,633 | €138,011 | +€16,378 | +13.5% |
| Trade debts | 44 | €21,487 | €3,658 | -€17,829 | -83.0% |
| Suppliers | 440/4 | €21,487 | €3,658 | -€17,829 | -83.0% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €100,146 | €124,353 | +€24,207 | +24.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€5,382 | -€8,460 | -€3,078 | -57.2% |
| Operating profit (loss) | 9901 | -€5,887 | -€8,980 | -€3,092 | -52.5% |
| Financial income | 75/76B | €653 | €0 | -€653 | -100% |
| Recurring financial income | 75 | €653 | €0 | -€653 | -100% |
| Financial charges | 65/66B | €3,243 | €4,385 | +€1,141 | +35.2% |
| Recurring financial charges | 65 | €3,243 | €4,385 | +€1,141 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,477 | -€13,365 | -€4,887 | -57.7% |
| Profit (loss) for the period | 9904 | -€8,477 | -€13,365 | -€4,887 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,477 | -€13,365 | -€4,887 | -57.7% |
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 27 October 2026 via checked.be.