Tizav: 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.
Tizav
Largest movements
- Cash -€31,003
down €31,003 (-32.2%), from €96,223 to €65,221
mainly Contributions, distributions and other (-€153,058) and Deferred charges and accrued income (-€2,730)
- Deferred charges and accrued income +€2,730
new in 2025: €2,730
- Tangible fixed assets -€1,361
down €1,361 (-32.5%), from €4,189 to €2,828
of which Plant, machinery and equipment: -€939
- Receivables within one year -€1,121
down €1,121 (-58.8%), from €1,907 to €786
of which Other amounts receivable: -€565
- Reserves -€91,824
no longer reported in 2025 (was €91,824)
- Other debts +€59,248
up €59,248 (+2982.2%), from €1,987 to €61,235
- Trade debts +€1,810
up €1,810 (+160.7%), from €1,126 to €2,937
- Gross operating margin +€12,428
up €12,428 (+18.6%), from €66,683 to €79,110
- Taxes +€2,438
up €2,438 (+18.1%), from €13,486 to €15,924
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 | €102,319 | €71,564 | -€30,755 | -30.1% |
| Fixed assets | 21/28 | €4,189 | €2,828 | -€1,361 | -32.5% |
| Tangible fixed assets | 22/27 | €4,189 | €2,828 | -€1,361 | -32.5% |
| Plant, machinery and equipment | 23 | €2,225 | €1,286 | -€939 | -42.2% |
| Furniture and vehicles | 24 | €1,964 | €1,542 | -€422 | -21.5% |
| Current assets | 29/58 | €98,130 | €68,736 | -€29,394 | -30.0% |
| Amounts receivable within one year | 40/41 | €1,907 | €786 | -€1,121 | -58.8% |
| Trade receivables | 40 | €556 | - | -€556 | |
| Other amounts receivable | 41 | €1,351 | €786 | -€565 | -41.8% |
| Cash at bank and in hand | 54/58 | €96,223 | €65,221 | -€31,003 | -32.2% |
| Deferred charges and accrued income | 490/1 | - | €2,730 | +€2,730 | |
| Total equity and liabilities | 10/49 | €102,319 | €71,564 | -€30,755 | -30.1% |
| Equity | 10/15 | €92,324 | €500 | -€91,824 | -99.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €91,824 | - | -€91,824 | |
| Distributable reserves | 133 | €91,824 | - | -€91,824 | |
| Amounts payable | 17/49 | €9,995 | €71,064 | +€61,069 | +611.0% |
| Amounts payable within one year | 42/48 | €9,383 | €71,064 | +€61,681 | +657.4% |
| Trade debts | 44 | €1,126 | €2,937 | +€1,810 | +160.7% |
| Suppliers | 440/4 | €1,126 | €2,937 | +€1,810 | +160.7% |
| Taxes, remuneration and social security | 45 | €6,270 | €6,893 | +€623 | +9.9% |
| Taxes | 450/3 | €6,270 | €6,893 | +€623 | +9.9% |
| Other amounts payable | 47/48 | €1,987 | €61,235 | +€59,248 | +2982.2% |
| Accrued charges and deferred income | 492/3 | €612 | - | -€612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,085 | €1,361 | +€276 | +25.4% |
| Other operating charges | 640/8 | €682 | €907 | +€225 | +32.9% |
| Gross operating margin | 9900 | €66,683 | €79,110 | +€12,428 | +18.6% |
| Operating profit (loss) | 9901 | €64,915 | €76,842 | +€11,927 | +18.4% |
| Financial income | 75/76B | €262 | €407 | +€146 | +55.6% |
| Recurring financial income | 75 | €262 | €407 | +€146 | +55.6% |
| Financial charges | 65/66B | €71 | €91 | +€20 | +27.5% |
| Recurring financial charges | 65 | €71 | €91 | +€20 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €65,105 | €77,159 | +€12,053 | +18.5% |
| Income taxes | 67/77 | €13,486 | €15,924 | +€2,438 | +18.1% |
| Profit (loss) for the period | 9904 | €51,619 | €61,235 | +€9,616 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,619 | €61,235 | +€9,616 | +18.6% |
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 8 October 2026 via checked.be.