Tivimo: 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.
Tivimo
Largest movements
- Cash +€42,137
up €42,137 (+65.2%), from €64,618 to €106,755
mainly Net result for the year (+€40,349) and Depreciation (+€3,315)
- Tangible fixed assets -€3,315
down €3,315 (-26.8%), from €12,364 to €9,049
- Reserves +€40,349
up €40,349 (+64.4%), from €62,655 to €103,004
- Gross operating margin +€11,879
up €11,879 (+25.1%), from €47,359 to €59,238
- Taxes +€3,416
up €3,416 (+29.1%), from €11,757 to €15,172
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.
Cash bridge derived
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 | €77,780 | €116,826 | +€39,046 | +50.2% |
| Fixed assets | 21/28 | €12,364 | €9,049 | -€3,315 | -26.8% |
| Tangible fixed assets | 22/27 | €12,364 | €9,049 | -€3,315 | -26.8% |
| Furniture and vehicles | 24 | €12,364 | €9,049 | -€3,315 | -26.8% |
| Current assets | 29/58 | €65,416 | €107,777 | +€42,361 | +64.8% |
| Amounts receivable within one year | 40/41 | - | €183 | +€183 | |
| Trade receivables | 40 | - | €183 | +€183 | |
| Cash at bank and in hand | 54/58 | €64,618 | €106,755 | +€42,137 | +65.2% |
| Deferred charges and accrued income | 490/1 | €798 | €839 | +€41 | +5.2% |
| Total equity and liabilities | 10/49 | €77,780 | €116,826 | +€39,046 | +50.2% |
| Equity | 10/15 | €64,155 | €104,504 | +€40,349 | +62.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €62,655 | €103,004 | +€40,349 | +64.4% |
| Distributable reserves | 133 | €62,655 | €103,004 | +€40,349 | +64.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,625 | €12,322 | -€1,303 | -9.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,507 | €12,322 | -€1,185 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €876 | €0 | -€876 | -100.0% |
| Trade debts | 44 | €442 | €802 | +€360 | +81.5% |
| Suppliers | 440/4 | €442 | €802 | +€360 | +81.5% |
| Taxes, remuneration and social security | 45 | €7,329 | €7,781 | +€452 | +6.2% |
| Taxes | 450/3 | €7,329 | €7,781 | +€452 | +6.2% |
| Other amounts payable | 47/48 | €4,860 | €3,739 | -€1,121 | -23.1% |
| Accrued charges and deferred income | 492/3 | €118 | €0 | -€118 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | €3,315 | +€39 | +1.2% |
| Other operating charges | 640/8 | €538 | €300 | -€238 | -44.2% |
| Gross operating margin | 9900 | €47,359 | €59,238 | +€11,879 | +25.1% |
| Operating profit (loss) | 9901 | €43,545 | €55,623 | +€12,078 | +27.7% |
| Financial charges | 65/66B | €347 | €102 | -€245 | -70.6% |
| Recurring financial charges | 65 | €347 | €102 | -€245 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | €43,198 | €55,521 | +€12,323 | +28.5% |
| Income taxes | 67/77 | €11,757 | €15,172 | +€3,416 | +29.1% |
| Profit (loss) for the period | 9904 | €31,442 | €40,349 | +€8,907 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,442 | €40,349 | +€8,907 | +28.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.