TB ENERGY: 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 ENERGY
Largest movements
- Receivables within one year -€11,461
down €11,461 (-25.1%), from €45,741 to €34,281
of which Trade receivables: -€17,991
- Tangible fixed assets -€7,957
down €7,957 (-29.7%), from €26,748 to €18,792
of which Furniture and vehicles: -€7,655
- Cash -€5,632
down €5,632 (-94.7%), from €5,948 to €315
mainly Trade debts (-€19,314) and Net result for the year (-€5,657)
- Trade debts -€19,314
down €19,314 (-60.5%), from €31,940 to €12,627
- Profit (loss) carried forward -€5,657
down €5,657 (-16.3%), from €34,734 to €29,077
- Gross operating margin -€49,838
down €49,838 (-92.8%), from €53,726 to €3,888
- Taxes -€8,684
no longer reported in 2025 (was €8,684)
- Depreciation +€554
up €554 (+6.5%), from €8,474 to €9,028
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 | €78,437 | €53,388 | -€25,050 | -31.9% |
| Fixed assets | 21/28 | €26,748 | €18,792 | -€7,957 | -29.7% |
| Tangible fixed assets | 22/27 | €26,748 | €18,792 | -€7,957 | -29.7% |
| Plant, machinery and equipment | 23 | €1,035 | €734 | -€302 | -29.1% |
| Furniture and vehicles | 24 | €25,713 | €18,058 | -€7,655 | -29.8% |
| Current assets | 29/58 | €51,689 | €34,596 | -€17,093 | -33.1% |
| Amounts receivable within one year | 40/41 | €45,741 | €34,281 | -€11,461 | -25.1% |
| Trade receivables | 40 | €38,866 | €20,875 | -€17,991 | -46.3% |
| Other amounts receivable | 41 | €6,875 | €13,405 | +€6,530 | +95.0% |
| Cash at bank and in hand | 54/58 | €5,948 | €315 | -€5,632 | -94.7% |
| Total equity and liabilities | 10/49 | €78,437 | €53,388 | -€25,050 | -31.9% |
| Equity | 10/15 | €37,734 | €32,077 | -€5,657 | -15.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,734 | €29,077 | -€5,657 | -16.3% |
| Amounts payable | 17/49 | €40,703 | €21,310 | -€19,393 | -47.6% |
| Amounts payable within one year | 42/48 | €40,624 | €21,310 | -€19,314 | -47.5% |
| Trade debts | 44 | €31,940 | €12,627 | -€19,314 | -60.5% |
| Suppliers | 440/4 | €31,940 | €12,627 | -€19,314 | -60.5% |
| Taxes, remuneration and social security | 45 | €8,684 | €8,684 | = | 0.0% |
| Taxes | 450/3 | €8,684 | €8,684 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €79 | - | -€79 | |
| Remuneration, social security and pensions | 62 | €320 | €194 | -€126 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,474 | €9,028 | +€554 | +6.5% |
| Other operating charges | 640/8 | €1,095 | €642 | -€453 | -41.4% |
| Gross operating margin | 9900 | €53,726 | €3,888 | -€49,838 | -92.8% |
| Operating profit (loss) | 9901 | €43,836 | -€5,976 | -€49,812 | |
| Financial income | 75/76B | €1 | €376 | +€375 | +52,097% |
| Recurring financial income | 75 | €1 | €376 | +€375 | +52,097% |
| Financial charges | 65/66B | €419 | €57 | -€362 | -86.4% |
| Recurring financial charges | 65 | €419 | €57 | -€362 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | €43,418 | -€5,657 | -€49,075 | |
| Income taxes | 67/77 | €8,684 | - | -€8,684 | |
| Profit (loss) for the period | 9904 | €34,734 | -€5,657 | -€40,391 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,734 | -€5,657 | -€40,391 |
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 16 October 2026 via checked.be.