TB Company: 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.
TB Company
Largest movements
- Tangible fixed assets -€19,217
down €19,217 (-16.9%), from €113,842 to €94,625
of which Other tangible fixed assets: -€18,746
- Cash -€10,417
down €10,417 (-45.1%), from €23,079 to €12,662
mainly Debts after one year (-€26,500) and Stocks and contracts (-€9,830)
- Stocks and contracts +€9,830
up €9,830 (+62.5%), from €15,718 to €25,548
- Debts after one year -€26,500
down €26,500 (-22.2%), from €119,510 to €93,010
- Other debts +€14,875
up €14,875 (+17.9%), from €83,167 to €98,042
- Trade debts -€9,255
down €9,255 (-12.7%), from €72,667 to €63,411
- Depreciation +€4,167
up €4,167 (+26.0%), from €16,050 to €20,217
- Taxes -€3,372
down €3,372 (-67.4%), from €5,006 to €1,634
- Gross operating margin -€2,474
down €2,474 (-1.3%), from €195,198 to €192,724
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 | €366,716 | €345,461 | -€21,255 | -5.8% |
| Fixed assets | 21/28 | €134,392 | €114,175 | -€20,217 | -15.0% |
| Intangible fixed assets | 21 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Tangible fixed assets | 22/27 | €113,842 | €94,625 | -€19,217 | -16.9% |
| Plant, machinery and equipment | 23 | €1,368 | €896 | -€472 | -34.5% |
| Other tangible fixed assets | 26 | €112,474 | €93,729 | -€18,746 | -16.7% |
| Financial fixed assets | 28 | €18,050 | €18,050 | = | 0.0% |
| Current assets | 29/58 | €232,324 | €231,286 | -€1,038 | -0.4% |
| Stocks and contracts in progress | 3 | €15,718 | €25,548 | +€9,830 | +62.5% |
| Stocks | 30/36 | €15,718 | €25,548 | +€9,830 | +62.5% |
| Amounts receivable within one year | 40/41 | €183,647 | €182,148 | -€1,498 | -0.8% |
| Trade receivables | 40 | €99,000 | €38,500 | -€60,500 | -61.1% |
| Other amounts receivable | 41 | €84,647 | €143,648 | +€59,002 | +69.7% |
| Cash at bank and in hand | 54/58 | €23,079 | €12,662 | -€10,417 | -45.1% |
| Deferred charges and accrued income | 490/1 | €9,881 | €10,929 | +€1,048 | +10.6% |
| Total equity and liabilities | 10/49 | €366,716 | €345,461 | -€21,255 | -5.8% |
| Equity | 10/15 | €37,741 | €38,001 | +€260 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,931 | €6,931 | = | 0.0% |
| Distributable reserves | 133 | €6,931 | €6,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,210 | €12,470 | +€260 | +2.1% |
| Amounts payable | 17/49 | €328,975 | €307,461 | -€21,515 | -6.5% |
| Amounts payable after more than one year | 17 | €119,510 | €93,010 | -€26,500 | -22.2% |
| Financial debts | 170/4 | €119,510 | €93,010 | -€26,500 | -22.2% |
| Amounts payable within one year | 42/48 | €209,465 | €214,450 | +€4,985 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €32,112 | €29,053 | -€3,059 | -9.5% |
| Trade debts | 44 | €72,667 | €63,411 | -€9,255 | -12.7% |
| Suppliers | 440/4 | €72,667 | €63,411 | -€9,255 | -12.7% |
| Taxes, remuneration and social security | 45 | €21,520 | €23,944 | +€2,424 | +11.3% |
| Taxes | 450/3 | €12,806 | €21,509 | +€8,703 | +68.0% |
| Remuneration and social security | 454/9 | €8,714 | €2,435 | -€6,279 | -72.1% |
| Other amounts payable | 47/48 | €83,167 | €98,042 | +€14,875 | +17.9% |
| Remuneration, social security and pensions | 62 | €154,888 | €155,101 | +€212 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,050 | €20,217 | +€4,167 | +26.0% |
| Other operating charges | 640/8 | €4,217 | €2,834 | -€1,383 | -32.8% |
| Gross operating margin | 9900 | €195,198 | €192,724 | -€2,474 | -1.3% |
| Operating profit (loss) | 9901 | €20,043 | €14,572 | -€5,471 | -27.3% |
| Financial income | 75/76B | €120 | €40 | -€80 | -66.8% |
| Recurring financial income | 75 | €120 | €40 | -€80 | -66.8% |
| Financial charges | 65/66B | €14,598 | €12,718 | -€1,880 | -12.9% |
| Recurring financial charges | 65 | €14,598 | €12,718 | -€1,880 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €5,565 | €1,894 | -€3,671 | -66.0% |
| Income taxes | 67/77 | €5,006 | €1,634 | -€3,372 | -67.4% |
| Profit (loss) for the period | 9904 | €559 | €260 | -€299 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €559 | €260 | -€299 | -53.5% |
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 30 October 2026 via checked.be.