TB Competition: 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.
TB Competition
Largest movements
- Cash +€9,405
up €9,405 (+1151.3%), from €817 to €10,222
mainly Net result for the year (+€21,646) and Depreciation (+€2,767)
- Receivables within one year +€3,887
up €3,887 (+13.2%), from €29,462 to €33,349
of which Trade receivables: +€3,647
- Tangible fixed assets -€1,528
down €1,528 (-13.8%), from €11,050 to €9,522
of which Furniture and vehicles: -€958
- Reserves +€21,646
up €21,646 (+425.6%), from €5,086 to €26,732
- Tax, wage and social debts -€8,311
down €8,311 (-45.5%), from €18,265 to €9,954
of which Remuneration and social security: -€12,251
- Trade debts -€1,243
down €1,243 (-10.5%), from €11,855 to €10,612
- Gross operating margin +€25,399
up €25,399 (+267.9%), from €9,479 to €34,878
- Taxes +€6,868
up €6,868 (+325.1%), from €2,112 to €8,980
- Depreciation +€1,090
up €1,090 (+65.0%), from €1,677 to €2,767
- Other operating charges +€451
up €451 (+81.7%), from €552 to €1,003
- Financial charges +€431
up €431 (+830.7%), from €52 to €483
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,737 | €53,816 | +€12,079 | +28.9% |
| Fixed assets | 21/28 | €11,050 | €9,522 | -€1,528 | -13.8% |
| Tangible fixed assets | 22/27 | €11,050 | €9,522 | -€1,528 | -13.8% |
| Land and buildings | 22 | €2,037 | €1,825 | -€212 | -10.4% |
| Plant, machinery and equipment | 23 | €6,102 | €5,744 | -€358 | -5.9% |
| Furniture and vehicles | 24 | €2,911 | €1,953 | -€958 | -32.9% |
| Current assets | 29/58 | €30,687 | €44,294 | +€13,607 | +44.3% |
| Amounts receivable within one year | 40/41 | €29,462 | €33,349 | +€3,887 | +13.2% |
| Trade receivables | 40 | €26,515 | €30,162 | +€3,647 | +13.8% |
| Other amounts receivable | 41 | €2,947 | €3,187 | +€240 | +8.1% |
| Cash at bank and in hand | 54/58 | €817 | €10,222 | +€9,405 | +1151.3% |
| Deferred charges and accrued income | 490/1 | €409 | €723 | +€314 | +76.9% |
| Total equity and liabilities | 10/49 | €41,737 | €53,816 | +€12,079 | +28.9% |
| Equity | 10/15 | €8,086 | €29,732 | +€21,646 | +267.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,086 | €26,732 | +€21,646 | +425.6% |
| Distributable reserves | 133 | €5,086 | €26,732 | +€21,646 | +425.6% |
| Amounts payable | 17/49 | €33,651 | €24,084 | -€9,567 | -28.4% |
| Amounts payable within one year | 42/48 | €33,651 | €24,084 | -€9,567 | -28.4% |
| Trade debts | 44 | €11,855 | €10,612 | -€1,243 | -10.5% |
| Suppliers | 440/4 | €11,855 | €10,612 | -€1,243 | -10.5% |
| Taxes, remuneration and social security | 45 | €18,265 | €9,954 | -€8,311 | -45.5% |
| Taxes | 450/3 | €4,433 | €8,373 | +€3,940 | +88.9% |
| Remuneration and social security | 454/9 | €13,832 | €1,580 | -€12,251 | -88.6% |
| Other amounts payable | 47/48 | €3,531 | €3,518 | -€13 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,677 | €2,767 | +€1,090 | +65.0% |
| Other operating charges | 640/8 | €552 | €1,003 | +€451 | +81.7% |
| Gross operating margin | 9900 | €9,479 | €34,878 | +€25,399 | +267.9% |
| Operating profit (loss) | 9901 | €7,250 | €31,108 | +€23,858 | +329.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +8000.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8000.0% |
| Financial charges | 65/66B | €52 | €483 | +€431 | +830.7% |
| Recurring financial charges | 65 | €52 | €483 | +€431 | +830.7% |
| Profit (loss) for the period before taxes | 9903 | €7,198 | €30,626 | +€23,428 | +325.5% |
| Income taxes | 67/77 | €2,112 | €8,980 | +€6,868 | +325.1% |
| Profit (loss) for the period | 9904 | €5,086 | €21,646 | +€16,560 | +325.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,086 | €21,646 | +€16,560 | +325.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.