TIVAN: 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.
TIVAN
Largest movements
- Tangible fixed assets -€25,453
down €25,453 (-2.4%), from €1.1m to €1.0m
of which Land and buildings: -€20,629
- Profit (loss) carried forward -€45,022
down €45,022 (-79.4%), from -€56,693 to -€101,715
- Accrued charges and deferred income +€14,775
up €14,775 (+17.8%), from €82,875 to €97,650
- Gross operating margin -€233,589
down €233,589 (-93.4%), from €250,184 to €16,594
- Depreciation -€39,516
down €39,516 (-50.4%), from €78,340 to €38,824
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,113,197 | €1,086,174 | -€27,023 | -2.4% |
| Fixed assets | 21/28 | €1,069,037 | €1,043,583 | -€25,453 | -2.4% |
| Tangible fixed assets | 22/27 | €1,069,037 | €1,043,583 | -€25,453 | -2.4% |
| Land and buildings | 22 | €668,585 | €647,956 | -€20,629 | -3.1% |
| Plant, machinery and equipment | 23 | €82,658 | €79,427 | -€3,231 | -3.9% |
| Furniture and vehicles | 24 | €6,964 | €5,370 | -€1,594 | -22.9% |
| Other tangible fixed assets | 26 | €310,830 | €310,830 | = | 0.0% |
| Current assets | 29/58 | €44,161 | €42,591 | -€1,570 | -3.6% |
| Amounts receivable within one year | 40/41 | €62 | €78 | +€16 | +25.2% |
| Other amounts receivable | 41 | €62 | €78 | +€16 | +25.2% |
| Cash at bank and in hand | 54/58 | €42,057 | €32,165 | -€9,891 | -23.5% |
| Deferred charges and accrued income | 490/1 | €2,042 | €10,348 | +€8,306 | +407% |
| Total equity and liabilities | 10/49 | €1,113,197 | €1,086,174 | -€27,023 | -2.4% |
| Equity | 10/15 | €417,325 | €372,303 | -€45,022 | -10.8% |
| Contributions | 10/11 | €466,000 | €466,000 | = | 0.0% |
| Capital | 10 | €466,000 | €466,000 | = | 0.0% |
| Issued capital | 100 | €466,000 | €466,000 | = | 0.0% |
| Reserves | 13 | €8,018 | €8,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,018 | €8,018 | = | 0.0% |
| Legal reserve | 130 | €8,018 | €8,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,693 | -€101,715 | -€45,022 | -79.4% |
| Amounts payable | 17/49 | €695,872 | €713,871 | +€17,999 | +2.6% |
| Amounts payable after more than one year | 17 | €465,000 | €465,000 | = | 0.0% |
| Financial debts | 170/4 | €465,000 | €465,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €147,997 | €151,221 | +€3,224 | +2.2% |
| Trade debts | 44 | €8,331 | €1,521 | -€6,810 | -81.7% |
| Suppliers | 440/4 | €8,331 | €1,521 | -€6,810 | -81.7% |
| Other amounts payable | 47/48 | €139,666 | €149,700 | +€10,034 | +7.2% |
| Accrued charges and deferred income | 492/3 | €82,875 | €97,650 | +€14,775 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,340 | €38,824 | -€39,516 | -50.4% |
| Other operating charges | 640/8 | €6,784 | €6,568 | -€217 | -3.2% |
| Gross operating margin | 9900 | €250,184 | €16,594 | -€233,589 | -93.4% |
| Operating profit (loss) | 9901 | €165,059 | -€28,797 | -€193,856 | |
| Financial income | 75/76B | €142 | €130 | -€13 | -9.1% |
| Recurring financial income | 75 | €142 | €130 | -€13 | -9.1% |
| Financial charges | 65/66B | €17,462 | €16,355 | -€1,107 | -6.3% |
| Recurring financial charges | 65 | €17,462 | €16,355 | -€1,107 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €147,740 | -€45,022 | -€192,762 | |
| Profit (loss) for the period | 9904 | €147,740 | -€45,022 | -€192,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,740 | -€45,022 | -€192,762 |
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 20 October 2026 via checked.be.