TiVerTec: 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.
TiVerTec
Largest movements
- Receivables within one year +€98,296
up €98,296 (+25.7%), from €382,868 to €481,164
of which Trade receivables: +€97,015
- Tangible fixed assets +€58,480
up €58,480 (+16.3%), from €357,818 to €416,299
of which Furniture and vehicles: +€83,849
- Stocks and contracts -€56,665
down €56,665 (-5.2%), from €1.1m to €1.0m
of which Stocks: -€45,053
- Cash +€40,833
up €40,833 (+162%), from €25,241 to €66,074
mainly Depreciation (+€71,727) and Tax, wage and social debts (+€67,680)
- Tax, wage and social debts +€67,680
up €67,680 (+177%), from €38,239 to €105,918
of which Taxes: +€56,414
- Debts after one year -€65,239
down €65,239 (-6.4%), from €1.0m to €961,210
- Profit (loss) carried forward +€60,435
up €60,435 (+41.7%), from €145,090 to €205,525
- Short-term financial debts +€37,281
up €37,281 (+22.7%), from €164,432 to €201,713
- Trade debts +€27,451
up €27,451 (+8.8%), from €311,931 to €339,382
- Gross operating margin +€88,903
up €88,903 (+20.2%), from €439,404 to €528,307
- Staff costs +€61,266
up €61,266 (+21.3%), from €288,011 to €349,277
- Depreciation +€12,979
up €12,979 (+22.1%), from €58,748 to €71,727
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 | €1,856,700 | €1,997,667 | +€140,967 | +7.6% |
| Fixed assets | 21/28 | €357,918 | €416,399 | +€58,480 | +16.3% |
| Tangible fixed assets | 22/27 | €357,818 | €416,299 | +€58,480 | +16.3% |
| Land and buildings | 22 | €204,115 | €191,949 | -€12,167 | -6.0% |
| Plant, machinery and equipment | 23 | €24,453 | €18,469 | -€5,984 | -24.5% |
| Furniture and vehicles | 24 | €89,601 | €173,450 | +€83,849 | +93.6% |
| Other tangible fixed assets | 26 | €39,649 | €32,431 | -€7,218 | -18.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,498,782 | €1,581,268 | +€82,486 | +5.5% |
| Stocks and contracts in progress | 3 | €1,090,360 | €1,033,695 | -€56,665 | -5.2% |
| Stocks | 30/36 | €804,117 | €759,064 | -€45,053 | -5.6% |
| Contracts in progress | 37 | €286,243 | €274,631 | -€11,611 | -4.1% |
| Amounts receivable within one year | 40/41 | €382,868 | €481,164 | +€98,296 | +25.7% |
| Trade receivables | 40 | €373,859 | €470,874 | +€97,015 | +25.9% |
| Other amounts receivable | 41 | €9,010 | €10,290 | +€1,280 | +14.2% |
| Cash at bank and in hand | 54/58 | €25,241 | €66,074 | +€40,833 | +162% |
| Deferred charges and accrued income | 490/1 | €313 | €335 | +€22 | +7.1% |
| Total equity and liabilities | 10/49 | €1,856,700 | €1,997,667 | +€140,967 | +7.6% |
| Equity | 10/15 | €235,865 | €296,300 | +€60,435 | +25.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €70,775 | €70,775 | = | 0.0% |
| Distributable reserves | 133 | €70,775 | €70,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,090 | €205,525 | +€60,435 | +41.7% |
| Amounts payable | 17/49 | €1,620,835 | €1,701,367 | +€80,532 | +5.0% |
| Amounts payable after more than one year | 17 | €1,026,448 | €961,210 | -€65,239 | -6.4% |
| Financial debts | 170/4 | €1,026,448 | €961,210 | -€65,239 | -6.4% |
| Amounts payable within one year | 42/48 | €591,387 | €736,952 | +€145,565 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €76,785 | €89,847 | +€13,062 | +17.0% |
| Financial debts | 43 | €164,432 | €201,713 | +€37,281 | +22.7% |
| Credit institutions | 430/8 | €164,432 | €201,713 | +€37,281 | +22.7% |
| Trade debts | 44 | €311,931 | €339,382 | +€27,451 | +8.8% |
| Suppliers | 440/4 | €311,931 | €339,382 | +€27,451 | +8.8% |
| Taxes, remuneration and social security | 45 | €38,239 | €105,918 | +€67,680 | +177% |
| Taxes | 450/3 | €11,178 | €67,592 | +€56,414 | +505% |
| Remuneration and social security | 454/9 | €27,060 | €38,326 | +€11,266 | +41.6% |
| Other amounts payable | 47/48 | - | €92 | +€92 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,205 | +€205 | +6.8% |
| Non-recurring operating income | 76A | - | €8,931 | +€8,931 | |
| Remuneration, social security and pensions | 62 | €288,011 | €349,277 | +€61,266 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,748 | €71,727 | +€12,979 | +22.1% |
| Other operating charges | 640/8 | €3,935 | €5,574 | +€1,639 | +41.6% |
| Gross operating margin | 9900 | €439,404 | €528,307 | +€88,903 | +20.2% |
| Operating profit (loss) | 9901 | €88,710 | €101,730 | +€13,019 | +14.7% |
| Financial income | 75/76B | €420 | €2,473 | +€2,053 | +489% |
| Recurring financial income | 75 | €420 | €2,473 | +€2,053 | +489% |
| Financial charges | 65/66B | €28,947 | €24,073 | -€4,874 | -16.8% |
| Recurring financial charges | 65 | €28,947 | €24,073 | -€4,874 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €60,184 | €80,130 | +€19,946 | +33.1% |
| Income taxes | 67/77 | €14,509 | €19,695 | +€5,186 | +35.7% |
| Profit (loss) for the period | 9904 | €45,675 | €60,435 | +€14,760 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,675 | €60,435 | +€14,760 | +32.3% |
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 16 October 2026 via checked.be.