TIZ: 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.
TIZ
Largest movements
- Receivables within one year -€492,654
down €492,654 (-75.5%), from €652,679 to €160,025
of which Trade receivables: -€491,081
- Stocks and contracts -€40,265
down €40,265 (-11.2%), from €358,212 to €317,947
- Tangible fixed assets -€29,953
down €29,953 (-28.5%), from €105,273 to €75,320
of which Furniture and vehicles: -€28,931
- Cash +€11,814
up €11,814 (+534.5%), from €2,210 to €14,024
mainly Receivables within one year (+€492,654) and Short-term financial debts (+€55,000)
- Trade debts -€632,069
down €632,069 (-91.8%), from €688,275 to €56,206
- Short-term financial debts +€55,000
up €55,000 (+73.3%), from €75,000 to €130,000
- Debts after one year -€48,156
down €48,156 (-57.4%), from €83,833 to €35,677
- Tax, wage and social debts +€46,093
up €46,093 (+168.9%), from €27,297 to €73,390
of which Taxes: +€36,490
- Profit (loss) carried forward +€17,774
up €17,774, from -€2,500 to €15,274
- Turnover -€625,433
no longer reported in 2025 (was €625,433)
- Purchases and services +€248,046
up €248,046 (+53.6%), from €463,112 to €711,158
- Gross operating margin +€202,549
up €202,549 (+114.3%), from €177,157 to €379,706
- Staff costs +€102,881
up €102,881 (+80.3%), from €128,048 to €230,929
- Other operating charges +€14,638
up €14,638 (+81.2%), from €18,024 to €32,662
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 | €1,136,281 | €587,661 | -€548,620 | -48.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €123,023 | €93,820 | -€29,203 | -23.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €105,273 | €75,320 | -€29,953 | -28.5% |
| Plant, machinery and equipment | 23 | €3,047 | €2,259 | -€788 | -25.9% |
| Furniture and vehicles | 24 | €101,992 | €73,061 | -€28,931 | -28.4% |
| Leasing and similar rights | 25 | €234 | €0 | -€234 | -100.0% |
| Financial fixed assets | 28 | €17,750 | €18,500 | +€750 | +4.2% |
| Current assets | 29/58 | €1,013,258 | €493,841 | -€519,417 | -51.3% |
| Stocks and contracts in progress | 3 | €358,212 | €317,947 | -€40,265 | -11.2% |
| Stocks | 30/36 | €358,212 | €317,947 | -€40,265 | -11.2% |
| Amounts receivable within one year | 40/41 | €652,679 | €160,025 | -€492,654 | -75.5% |
| Trade receivables | 40 | €649,915 | €158,834 | -€491,081 | -75.6% |
| Other amounts receivable | 41 | €2,764 | €1,191 | -€1,573 | -56.9% |
| Cash at bank and in hand | 54/58 | €2,210 | €14,024 | +€11,814 | +534.5% |
| Deferred charges and accrued income | 490/1 | €157 | €1,844 | +€1,687 | +1076.0% |
| Total equity and liabilities | 10/49 | €1,136,281 | €587,661 | -€548,620 | -48.3% |
| Equity | 10/15 | €16,100 | €33,874 | +€17,774 | +110.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,500 | €15,274 | +€17,774 | |
| Amounts payable | 17/49 | €1,120,181 | €553,787 | -€566,394 | -50.6% |
| Amounts payable after more than one year | 17 | €83,833 | €35,677 | -€48,156 | -57.4% |
| Financial debts | 170/4 | €83,833 | €35,677 | -€48,156 | -57.4% |
| Amounts payable within one year | 42/48 | €1,036,348 | €518,110 | -€518,238 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €34,514 | €42,416 | +€7,901 | +22.9% |
| Financial debts | 43 | €75,000 | €130,000 | +€55,000 | +73.3% |
| Credit institutions | 430/8 | €75,000 | €130,000 | +€55,000 | +73.3% |
| Trade debts | 44 | €688,275 | €56,206 | -€632,069 | -91.8% |
| Suppliers | 440/4 | €688,275 | €56,206 | -€632,069 | -91.8% |
| Advances received on contracts in progress | 46 | €8,000 | €8,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,297 | €73,390 | +€46,093 | +168.9% |
| Taxes | 450/3 | €1,444 | €37,935 | +€36,490 | +2526.6% |
| Remuneration and social security | 454/9 | €25,853 | €35,456 | +€9,603 | +37.1% |
| Other amounts payable | 47/48 | €203,262 | €208,099 | +€4,837 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €625,433 | - | -€625,433 | |
| Non-recurring operating income | 76A | €46 | €3,030 | +€2,984 | +6442.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €463,112 | €711,158 | +€248,046 | +53.6% |
| Remuneration, social security and pensions | 62 | €128,048 | €230,929 | +€102,881 | +80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,604 | €54,989 | +€5,385 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,075 | +€11,075 | |
| Other operating charges | 640/8 | €18,024 | €32,662 | +€14,638 | +81.2% |
| Non-recurring operating charges | 66A | €6 | €9,820 | +€9,814 | +165217.5% |
| Gross operating margin | 9900 | €177,157 | €379,706 | +€202,549 | +114.3% |
| Operating profit (loss) | 9901 | -€18,524 | €40,232 | +€58,756 | |
| Financial income | 75/76B | €1 | €6 | +€5 | +720.3% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +720.3% |
| Financial charges | 65/66B | €16,334 | €15,859 | -€475 | -2.9% |
| Recurring financial charges | 65 | €16,334 | €15,859 | -€475 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,858 | €24,379 | +€59,237 | |
| Income taxes | 67/77 | €6,827 | €6,605 | -€222 | -3.3% |
| Profit (loss) for the period | 9904 | -€41,685 | €17,774 | +€59,459 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,685 | €17,774 | +€59,459 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.