TIVOLUX PRO: 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.
What changed
TIVOLUX PRO
NACE 22.240, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€372,530
2024 · €533,888-€161,358
Equity
€2.6m
2024 · €2.1m+€486,136
Cash
€1.0m
2024 · €113,151+€917,543
Balance sheet total
€7.6m
2024 · €6.1m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+93.7%), from €1.2m to €2.3m
of which Leasing and similar rights: +€1.4m
- Cash +€917,543
up €917,543 (+811%), from €113,151 to €1.0m
mainly Debts after one year (+€892,189) and Receivables within one year (+€584,170)
- Receivables within one year -€584,170
down €584,170 (-35.2%), from €1.7m to €1.1m
of which Trade receivables: -€737,219
- Stocks and contracts +€85,141
up €85,141 (+5.0%), from €1.7m to €1.8m
of which Stocks: +€67,980
Equity and liabilities
- Debts after one year +€892,189
up €892,189 (+34.8%), from €2.6m to €3.5m
- Profit (loss) carried forward +€286,856
up €286,856 (+54.6%), from €525,736 to €812,592
- Trade debts +€182,238
up €182,238 (+92.8%), from €196,420 to €378,658
- Current portion of long-term debt +€172,388
up €172,388 (+38.7%), from €445,833 to €618,221
- Investment grants +€113,606
up €113,606 (+257%), from €44,175 to €157,782
Income statement
- Gross operating margin +€170,392
up €170,392 (+3.9%), from €4.3m to €4.5m
- Staff costs +€159,948
up €159,948 (+5.0%), from €3.2m to €3.4m
- Depreciation +€95,937
up €95,937 (+31.2%), from €307,082 to €403,019
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.
Result 2024
€533,888
Gross operating margin
+€170,392
Staff costs
-€159,948
Depreciation
-€95,937
Write-downs
-€33,604
Other operating charges
-€1,696
Other operating items
+€1,797
Financial income
+€17,520
Financial charges
-€28,802
Taxes
-€5,051
Deferred taxes and other
-€26,028
Result 2025
€372,530
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€1.5m
Financing
+€1.1m
Cash 2024
€113,151
From operations (derived)
+€1.3m
Net result for the year
+€372,530
Depreciation
+€403,019
Stocks and contracts
-€85,141
Receivables within one year
+€584,170
Deferred charges and accrued income
-€36,233
Provisions
+€28,028
Trade debts
+€182,238
Tax, wage and social debts
-€95,548
Other debts
-€77,143
Accrued charges and deferred income
+€412
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€1.1m
Debts after one year
+€892,189
Current portion of long-term debt
+€172,388
Short-term financial debts
-€30,111
Contributions, distributions and other
+€113,606
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,084,349 | €7,642,938 | +€1.6m | +25.6% |
| Fixed assets | 21/28 | €2,580,604 | €3,684,447 | +€1.1m | +42.8% |
| Intangible fixed assets | 21 | €1,397,719 | €1,397,719 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,177,859 | €2,281,301 | +€1.1m | +93.7% |
| Land and buildings | 22 | €600,326 | €475,777 | -€124,549 | -20.7% |
| Plant, machinery and equipment | 23 | €342,306 | €233,593 | -€108,713 | -31.8% |
| Furniture and vehicles | 24 | €235,226 | €149,753 | -€85,473 | -36.3% |
| Leasing and similar rights | 25 | - | €1,422,178 | +€1.4m | |
| Financial fixed assets | 28 | €5,026 | €5,426 | +€400 | +8.0% |
| Current assets | 29/58 | €3,503,745 | €3,958,492 | +€454,747 | +13.0% |
| Stocks and contracts in progress | 3 | €1,693,844 | €1,778,985 | +€85,141 | +5.0% |
| Stocks | 30/36 | €1,453,115 | €1,521,094 | +€67,980 | +4.7% |
| Contracts in progress | 37 | €240,730 | €257,891 | +€17,161 | +7.1% |
| Amounts receivable within one year | 40/41 | €1,660,508 | €1,076,337 | -€584,170 | -35.2% |
| Trade receivables | 40 | €1,603,219 | €866,001 | -€737,219 | -46.0% |
| Other amounts receivable | 41 | €57,288 | €210,337 | +€153,048 | +267% |
| Cash at bank and in hand | 54/58 | €113,151 | €1,030,694 | +€917,543 | +811% |
| Deferred charges and accrued income | 490/1 | €36,242 | €72,475 | +€36,233 | +100.0% |
| Total equity and liabilities | 10/49 | €6,084,349 | €7,642,938 | +€1.6m | +25.6% |
| Equity | 10/15 | €2,133,211 | €2,619,347 | +€486,136 | +22.8% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €1,343,300 | €1,428,973 | +€85,674 | +6.4% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,000 | €22,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,152 | €93,826 | +€85,674 | +1,051% |
| Distributable reserves | 133 | €1,313,148 | €1,313,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | €525,736 | €812,592 | +€286,856 | +54.6% |
| Investment grants | 15 | €44,175 | €157,782 | +€113,606 | +257% |
| Provisions and deferred taxes | 16 | €2,000 | €30,028 | +€28,028 | +1,401% |
| Deferred taxes | 168 | €2,000 | €30,028 | +€28,028 | +1,401% |
| Amounts payable | 17/49 | €3,949,138 | €4,993,563 | +€1.0m | +26.4% |
| Amounts payable after more than one year | 17 | €2,562,116 | €3,454,306 | +€892,189 | +34.8% |
| Financial debts | 170/4 | €2,562,116 | €3,454,306 | +€892,189 | +34.8% |
| Amounts payable within one year | 42/48 | €1,386,496 | €1,538,321 | +€151,824 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €445,833 | €618,221 | +€172,388 | +38.7% |
| Financial debts | 43 | €60,363 | €30,252 | -€30,111 | -49.9% |
| Other loans | 439 | €60,363 | €30,252 | -€30,111 | -49.9% |
| Trade debts | 44 | €196,420 | €378,658 | +€182,238 | +92.8% |
| Suppliers | 440/4 | €196,420 | €378,658 | +€182,238 | +92.8% |
| Taxes, remuneration and social security | 45 | €606,677 | €511,129 | -€95,548 | -15.7% |
| Taxes | 450/3 | €261,542 | €146,475 | -€115,066 | -44.0% |
| Remuneration and social security | 454/9 | €345,136 | €364,654 | +€19,518 | +5.7% |
| Other amounts payable | 47/48 | €77,203 | €60 | -€77,143 | -99.9% |
| Accrued charges and deferred income | 492/3 | €525 | €937 | +€412 | +78.4% |
| Remuneration, social security and pensions | 62 | €3,214,536 | €3,374,484 | +€159,948 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,082 | €403,019 | +€95,937 | +31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,319 | €27,285 | +€33,604 | |
| Other operating charges | 640/8 | €77,205 | €78,901 | +€1,696 | +2.2% |
| Non-recurring operating charges | 66A | €2,513 | €716 | -€1,797 | -71.5% |
| Gross operating margin | 9900 | €4,348,348 | €4,518,740 | +€170,392 | +3.9% |
| Operating profit (loss) | 9901 | €753,332 | €634,335 | -€118,996 | -15.8% |
| Financial income | 75/76B | €165,916 | €183,436 | +€17,520 | +10.6% |
| Recurring financial income | 75 | €165,916 | €183,436 | +€17,520 | +10.6% |
| Financial charges | 65/66B | €269,303 | €298,105 | +€28,802 | +10.7% |
| Recurring financial charges | 65 | €269,303 | €298,105 | +€28,802 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €649,945 | €519,666 | -€130,278 | -20.0% |
| Transfer from deferred taxes | 780 | - | €2,140 | +€2,140 | |
| Transfer to deferred taxes | 680 | €2,000 | €30,168 | +€28,168 | +1,408% |
| Income taxes | 67/77 | €114,057 | €119,108 | +€5,051 | +4.4% |
| Profit (loss) for the period | 9904 | €533,888 | €372,530 | -€161,358 | -30.2% |
| Transfer from tax-exempt reserves | 789 | - | €6,421 | +€6,421 | |
| Transfer to tax-exempt reserves | 689 | €8,152 | €92,095 | +€83,943 | +1,030% |
| Profit (loss) for the period to be appropriated | 9905 | €525,736 | €286,856 | -€238,879 | -45.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.