TIVINY: 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.
TIVINY
Largest movements
- Tangible fixed assets -€10,552
down €10,552 (-30.0%), from €35,130 to €24,578
- Cash -€7,351
down €7,351 (-28.1%), from €26,136 to €18,785
mainly Other debts (-€20,913) and Debts after one year (-€5,983)
- Deferred charges and accrued income +€1,209
up €1,209 (+17.7%), from €6,825 to €8,034
- Other debts -€20,913
down €20,913 (-76.5%), from €27,346 to €6,433
- Profit (loss) carried forward +€8,321
up €8,321 (+91.3%), from €9,118 to €17,440
- Debts after one year -€5,983
down €5,983 (-40.7%), from €14,715 to €8,732
- Tax, wage and social debts +€3,423
up €3,423 (+49.7%), from €6,887 to €10,310
- Trade debts -€1,687
no longer reported in 2025 (was €1,687)
- Gross operating margin -€10,144
down €10,144 (-28.4%), from €35,757 to €25,613
- Depreciation -€7,078
down €7,078 (-40.1%), from €17,630 to €10,552
- Taxes -€1,463
down €1,463 (-21.3%), from €6,887 to €5,423
- Other operating charges -€509
down €509 (-51.9%), from €982 to €472
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 | €68,091 | €51,398 | -€16,693 | -24.5% |
| Fixed assets | 21/28 | €35,130 | €24,578 | -€10,552 | -30.0% |
| Tangible fixed assets | 22/27 | €35,130 | €24,578 | -€10,552 | -30.0% |
| Furniture and vehicles | 24 | €35,130 | €24,578 | -€10,552 | -30.0% |
| Current assets | 29/58 | €32,961 | €26,820 | -€6,141 | -18.6% |
| Cash at bank and in hand | 54/58 | €26,136 | €18,785 | -€7,351 | -28.1% |
| Deferred charges and accrued income | 490/1 | €6,825 | €8,034 | +€1,209 | +17.7% |
| Total equity and liabilities | 10/49 | €68,091 | €51,398 | -€16,693 | -24.5% |
| Equity | 10/15 | €11,618 | €19,940 | +€8,321 | +71.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,118 | €17,440 | +€8,321 | +91.3% |
| Amounts payable | 17/49 | €56,473 | €31,458 | -€25,015 | -44.3% |
| Amounts payable after more than one year | 17 | €14,715 | €8,732 | -€5,983 | -40.7% |
| Financial debts | 170/4 | €14,715 | €8,732 | -€5,983 | -40.7% |
| Amounts payable within one year | 42/48 | €41,758 | €22,726 | -€19,031 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €5,838 | €5,983 | +€145 | +2.5% |
| Trade debts | 44 | €1,687 | - | -€1,687 | |
| Suppliers | 440/4 | €1,687 | - | -€1,687 | |
| Taxes, remuneration and social security | 45 | €6,887 | €10,310 | +€3,423 | +49.7% |
| Taxes | 450/3 | €6,887 | €10,310 | +€3,423 | +49.7% |
| Other amounts payable | 47/48 | €27,346 | €6,433 | -€20,913 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,630 | €10,552 | -€7,078 | -40.1% |
| Other operating charges | 640/8 | €982 | €472 | -€509 | -51.9% |
| Gross operating margin | 9900 | €35,757 | €25,613 | -€10,144 | -28.4% |
| Operating profit (loss) | 9901 | €17,146 | €14,589 | -€2,557 | -14.9% |
| Financial charges | 65/66B | €1,141 | €844 | -€297 | -26.0% |
| Recurring financial charges | 65 | €1,141 | €844 | -€297 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €16,005 | €13,745 | -€2,261 | -14.1% |
| Income taxes | 67/77 | €6,887 | €5,423 | -€1,463 | -21.3% |
| Profit (loss) for the period | 9904 | €9,118 | €8,321 | -€797 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,118 | €8,321 | -€797 | -8.7% |
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 4 October 2026 via checked.be.