TIVISSE P: what changed
TIVISSE P
Largest movements
- Cash +€16,783
up €16,783 (+15.1%), from €111,337 to €128,120
mainly Net result for the year (+€79,436) and Trade debts (+€12,036)
- Tangible fixed assets -€8,290
no longer reported in 2025 (was €8,290)
- Trade debts +€12,036
up €12,036 (+293%), from €4,106 to €16,142
- Profit (loss) carried forward -€9,564
down €9,564 (-93.3%), from €10,252 to €689
- Other debts +€3,400
up €3,400 (+4.7%), from €72,979 to €76,379
- Tax, wage and social debts +€2,621
up €2,621 (+8.9%), from €29,290 to €31,911
- Gross operating margin -€5,113
down €5,113 (-4.4%), from €115,957 to €110,844
- Other operating charges +€2,599
up €2,599 (+255%), from €1,017 to €3,616
- Depreciation -€2,500
no longer reported in 2025 (was €2,500)
- Taxes -€1,640
down €1,640 (-5.6%), from €29,271 to €27,631
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,627 | €128,120 | +€8,493 | +7.1% |
| Fixed assets | 21/28 | €8,290 | - | -€8,290 | |
| Tangible fixed assets | 22/27 | €8,290 | - | -€8,290 | |
| Furniture and vehicles | 24 | €8,290 | - | -€8,290 | |
| Current assets | 29/58 | €111,337 | €128,120 | +€16,783 | +15.1% |
| Cash at bank and in hand | 54/58 | €111,337 | €128,120 | +€16,783 | +15.1% |
| Total equity and liabilities | 10/49 | €119,627 | €128,120 | +€8,493 | +7.1% |
| Equity | 10/15 | €13,252 | €3,689 | -€9,564 | -72.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,252 | €689 | -€9,564 | -93.3% |
| Amounts payable | 17/49 | €106,375 | €124,432 | +€18,057 | +17.0% |
| Amounts payable within one year | 42/48 | €106,375 | €124,432 | +€18,057 | +17.0% |
| Trade debts | 44 | €4,106 | €16,142 | +€12,036 | +293% |
| Suppliers | 440/4 | €4,106 | €16,142 | +€12,036 | +293% |
| Taxes, remuneration and social security | 45 | €29,290 | €31,911 | +€2,621 | +8.9% |
| Taxes | 450/3 | €29,290 | €31,911 | +€2,621 | +8.9% |
| Other amounts payable | 47/48 | €72,979 | €76,379 | +€3,400 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €1,017 | €3,616 | +€2,599 | +255% |
| Gross operating margin | 9900 | €115,957 | €110,844 | -€5,113 | -4.4% |
| Operating profit (loss) | 9901 | €112,439 | €107,228 | -€5,212 | -4.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €138 | €160 | +€22 | +15.7% |
| Recurring financial charges | 65 | €138 | €160 | +€22 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €112,302 | €107,068 | -€5,234 | -4.7% |
| Income taxes | 67/77 | €29,271 | €27,631 | -€1,640 | -5.6% |
| Profit (loss) for the period | 9904 | €83,030 | €79,436 | -€3,594 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,030 | €79,436 | -€3,594 | -4.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.