T.I.B. concept: 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.
T.I.B. concept
Largest movements
- Cash +€153,403
up €153,403 (+734%), from €20,893 to €174,296
mainly Short-term financial debts (+€184,000) and Accrued charges and deferred income (+€85,709)
- Receivables within one year +€88,391
up €88,391 (+58.8%), from €150,259 to €238,650
of which Trade receivables: +€89,535
- Deferred charges and accrued income +€13,483
up €13,483 (+703%), from €1,917 to €15,400
- Short-term financial debts +€184,000
up €184,000 (+61.3%), from €300,000 to €484,000
- Advances received -€98,553
no longer reported in 2025 (was €98,553)
- Accrued charges and deferred income +€85,709
new in 2025: €85,709
- Other debts +€48,139
up €48,139 (+375%), from €12,830 to €60,969
- Profit (loss) carried forward +€22,015
up €22,015 (+20.1%), from €109,588 to €131,603
- Gross operating margin -€142,845
down €142,845 (-28.5%), from €500,953 to €358,108
- Depreciation -€60,898
down €60,898 (-61.8%), from €98,504 to €37,606
- Taxes -€28,163
down €28,163 (-60.7%), from €46,410 to €18,247
- Staff costs -€18,616
down €18,616 (-6.9%), from €268,753 to €250,137
- Financial charges +€7,317
up €7,317 (+43.4%), from €16,861 to €24,177
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 | €1,063,966 | €1,310,954 | +€246,988 | +23.2% |
| Fixed assets | 21/28 | €890,898 | €882,609 | -€8,289 | -0.9% |
| Tangible fixed assets | 22/27 | €889,248 | €880,959 | -€8,289 | -0.9% |
| Land and buildings | 22 | €810,685 | €800,753 | -€9,933 | -1.2% |
| Plant, machinery and equipment | 23 | €2,383 | €4,421 | +€2,039 | +85.6% |
| Furniture and vehicles | 24 | €61,925 | €61,530 | -€395 | -0.6% |
| Assets under construction and advance payments | 27 | €14,255 | €14,255 | = | 0.0% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €173,068 | €428,345 | +€255,277 | +148% |
| Amounts receivable within one year | 40/41 | €150,259 | €238,650 | +€88,391 | +58.8% |
| Trade receivables | 40 | €149,115 | €238,650 | +€89,535 | +60.0% |
| Other amounts receivable | 41 | €1,144 | - | -€1,144 | |
| Cash at bank and in hand | 54/58 | €20,893 | €174,296 | +€153,403 | +734% |
| Deferred charges and accrued income | 490/1 | €1,917 | €15,400 | +€13,483 | +703% |
| Total equity and liabilities | 10/49 | €1,063,966 | €1,310,954 | +€246,988 | +23.2% |
| Equity | 10/15 | €173,848 | €195,863 | +€22,015 | +12.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,588 | €131,603 | +€22,015 | +20.1% |
| Amounts payable | 17/49 | €890,119 | €1,115,092 | +€224,973 | +25.3% |
| Amounts payable after more than one year | 17 | €242,076 | €231,648 | -€10,428 | -4.3% |
| Financial debts | 170/4 | €242,076 | €231,648 | -€10,428 | -4.3% |
| Amounts payable within one year | 42/48 | €648,042 | €797,735 | +€149,693 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €49,286 | €44,914 | -€4,373 | -8.9% |
| Financial debts | 43 | €300,000 | €484,000 | +€184,000 | +61.3% |
| Credit institutions | 430/8 | €300,000 | €484,000 | +€184,000 | +61.3% |
| Trade debts | 44 | €136,149 | €144,460 | +€8,311 | +6.1% |
| Suppliers | 440/4 | €136,149 | €144,460 | +€8,311 | +6.1% |
| Advances received on contracts in progress | 46 | €98,553 | - | -€98,553 | |
| Taxes, remuneration and social security | 45 | €51,225 | €63,393 | +€12,168 | +23.8% |
| Taxes | 450/3 | €26,969 | €54,180 | +€27,211 | +101% |
| Remuneration and social security | 454/9 | €24,255 | €9,212 | -€15,043 | -62.0% |
| Other amounts payable | 47/48 | €12,830 | €60,969 | +€48,139 | +375% |
| Accrued charges and deferred income | 492/3 | - | €85,709 | +€85,709 | |
| Remuneration, social security and pensions | 62 | €268,753 | €250,137 | -€18,616 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,504 | €37,606 | -€60,898 | -61.8% |
| Other operating charges | 640/8 | €8,618 | €5,962 | -€2,655 | -30.8% |
| Gross operating margin | 9900 | €500,953 | €358,108 | -€142,845 | -28.5% |
| Operating profit (loss) | 9901 | €125,078 | €64,403 | -€60,675 | -48.5% |
| Financial income | 75/76B | €18 | €37 | +€18 | +98.8% |
| Recurring financial income | 75 | €18 | €37 | +€18 | +98.8% |
| Financial charges | 65/66B | €16,861 | €24,177 | +€7,317 | +43.4% |
| Recurring financial charges | 65 | €16,861 | €24,177 | +€7,317 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €108,236 | €40,262 | -€67,974 | -62.8% |
| Income taxes | 67/77 | €46,410 | €18,247 | -€28,163 | -60.7% |
| Profit (loss) for the period | 9904 | €61,826 | €22,015 | -€39,811 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,826 | €22,015 | -€39,811 | -64.4% |
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 25 October 2026 via checked.be.