TIVOLIX: 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.
TIVOLIX
Largest movements
- Cash -€157,656
down €157,656 (-52.2%), from €301,759 to €144,103
mainly Trade debts (-€209,252) and Contributions, distributions and other (-€70,000)
- Receivables within one year +€12,063
up €12,063 (+198%), from €6,098 to €18,161
of which Other amounts receivable: +€9,293
- Trade debts -€209,252
down €209,252 (-67.5%), from €310,027 to €100,775
- Other debts +€70,146
up €70,146 (+12,996%), from €540 to €70,686
- Current portion of long-term debt -€14,103
no longer reported in 2026 (was €14,103)
- Profit (loss) carried forward +€11,894
up €11,894 (+115%), from €10,385 to €22,279
- Gross operating margin +€82,799
up €82,799 (+38.9%), from €212,957 to €295,757
- Staff costs +€14,568
up €14,568 (+8.6%), from €169,171 to €183,739
- Other operating charges -€6,649
down €6,649 (-93.1%), from €7,140 to €492
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,900 | €249,593 | -€140,307 | -36.0% |
| Fixed assets | 21/28 | €38,618 | €40,062 | +€1,444 | +3.7% |
| Intangible fixed assets | 21 | €554 | - | -€554 | |
| Tangible fixed assets | 22/27 | €37,764 | €39,762 | +€1,998 | +5.3% |
| Plant, machinery and equipment | 23 | €11,877 | €13,463 | +€1,586 | +13.4% |
| Furniture and vehicles | 24 | €8,109 | €10,653 | +€2,544 | +31.4% |
| Other tangible fixed assets | 26 | €17,778 | €15,645 | -€2,132 | -12.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €351,282 | €209,532 | -€141,750 | -40.4% |
| Stocks and contracts in progress | 3 | €36,223 | €36,327 | +€104 | +0.3% |
| Stocks | 30/36 | €36,223 | €36,327 | +€104 | +0.3% |
| Amounts receivable within one year | 40/41 | €6,098 | €18,161 | +€12,063 | +198% |
| Trade receivables | 40 | €4,255 | €7,025 | +€2,771 | +65.1% |
| Other amounts receivable | 41 | €1,843 | €11,136 | +€9,293 | +504% |
| Cash at bank and in hand | 54/58 | €301,759 | €144,103 | -€157,656 | -52.2% |
| Deferred charges and accrued income | 490/1 | €7,202 | €10,941 | +€3,739 | +51.9% |
| Total equity and liabilities | 10/49 | €389,900 | €249,593 | -€140,307 | -36.0% |
| Equity | 10/15 | €35,385 | €47,279 | +€11,894 | +33.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,385 | €22,279 | +€11,894 | +115% |
| Amounts payable | 17/49 | €354,515 | €202,314 | -€152,201 | -42.9% |
| Amounts payable within one year | 42/48 | €354,446 | €200,908 | -€153,537 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €14,103 | - | -€14,103 | |
| Trade debts | 44 | €310,027 | €100,775 | -€209,252 | -67.5% |
| Suppliers | 440/4 | €310,027 | €100,775 | -€209,252 | -67.5% |
| Taxes, remuneration and social security | 45 | €29,776 | €29,448 | -€329 | -1.1% |
| Taxes | 450/3 | €4,171 | €5,111 | +€940 | +22.5% |
| Remuneration and social security | 454/9 | €25,605 | €24,336 | -€1,269 | -5.0% |
| Other amounts payable | 47/48 | €540 | €70,686 | +€70,146 | +12,996% |
| Accrued charges and deferred income | 492/3 | €70 | €1,406 | +€1,336 | +1,917% |
| Remuneration, social security and pensions | 62 | €169,171 | €183,739 | +€14,568 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,368 | €23,960 | +€1,593 | +7.1% |
| Other operating charges | 640/8 | €7,140 | €492 | -€6,649 | -93.1% |
| Gross operating margin | 9900 | €212,957 | €295,757 | +€82,799 | +38.9% |
| Operating profit (loss) | 9901 | €14,278 | €87,565 | +€73,287 | +513% |
| Financial income | 75/76B | €1,768 | €2,834 | +€1,066 | +60.3% |
| Recurring financial income | 75 | €1,768 | €2,834 | +€1,066 | +60.3% |
| Financial charges | 65/66B | €1,809 | €3,874 | +€2,065 | +114% |
| Recurring financial charges | 65 | €1,809 | €3,874 | +€2,065 | +114% |
| Profit (loss) for the period before taxes | 9903 | €14,237 | €86,525 | +€72,288 | +508% |
| Income taxes | 67/77 | €3,853 | €4,631 | +€778 | +20.2% |
| Profit (loss) for the period | 9904 | €10,385 | €81,894 | +€71,510 | +689% |
| Profit (loss) for the period to be appropriated | 9905 | €10,385 | €81,894 | +€71,510 | +689% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.