TB ESTATE: 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 ESTATE
Largest movements
- Tangible fixed assets -€9,004
down €9,004 (-3.6%), from €251,122 to €242,119
of which Land and buildings: -€8,000
- Debts after one year -€9,033
down €9,033 (-4.0%), from €228,371 to €219,338
- Other debts +€6,103
up €6,103 (+11.6%), from €52,752 to €58,855
- Profit (loss) carried forward -€5,588
down €5,588 (-12.9%), from -€43,299 to -€48,886
- Gross operating margin -€3,107
down €3,107 (-18.0%), from €17,256 to €14,149
- Other operating charges +€1,941
up €1,941 (+252%), from €772 to €2,713
- Financial charges -€290
down €290 (-2.8%), from €10,411 to €10,120
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 | €251,946 | €242,646 | -€9,300 | -3.7% |
| Fixed assets | 21/28 | €251,122 | €242,119 | -€9,004 | -3.6% |
| Tangible fixed assets | 22/27 | €251,122 | €242,119 | -€9,004 | -3.6% |
| Land and buildings | 22 | €237,927 | €229,927 | -€8,000 | -3.4% |
| Plant, machinery and equipment | 23 | €13,195 | €12,192 | -€1,004 | -7.6% |
| Current assets | 29/58 | €824 | €527 | -€297 | -36.0% |
| Amounts receivable within one year | 40/41 | €568 | €425 | -€143 | -25.1% |
| Trade receivables | 40 | €468 | €0 | -€468 | -100% |
| Other amounts receivable | 41 | €100 | €425 | +€325 | +325% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €256 | €102 | -€154 | -60.1% |
| Total equity and liabilities | 10/49 | €251,946 | €242,646 | -€9,300 | -3.7% |
| Equity | 10/15 | -€40,299 | -€45,886 | -€5,588 | -13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,299 | -€48,886 | -€5,588 | -12.9% |
| Amounts payable | 17/49 | €292,245 | €288,532 | -€3,713 | -1.3% |
| Amounts payable after more than one year | 17 | €228,371 | €219,338 | -€9,033 | -4.0% |
| Financial debts | 170/4 | €228,371 | €219,338 | -€9,033 | -4.0% |
| Amounts payable within one year | 42/48 | €63,874 | €69,194 | +€5,320 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €9,361 | €9,768 | +€408 | +4.4% |
| Financial debts | 43 | €1,495 | €285 | -€1,210 | -81.0% |
| Credit institutions | 430/8 | €1,495 | €285 | -€1,210 | -81.0% |
| Trade debts | 44 | €265 | €285 | +€20 | +7.6% |
| Suppliers | 440/4 | €265 | €285 | +€20 | +7.6% |
| Other amounts payable | 47/48 | €52,752 | €58,855 | +€6,103 | +11.6% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,004 | €9,004 | = | 0.0% |
| Other operating charges | 640/8 | €772 | €2,713 | +€1,941 | +252% |
| Gross operating margin | 9900 | €17,256 | €14,149 | -€3,107 | -18.0% |
| Operating profit (loss) | 9901 | €7,481 | €2,433 | -€5,048 | -67.5% |
| Financial charges | 65/66B | €10,411 | €10,120 | -€290 | -2.8% |
| Recurring financial charges | 65 | €10,411 | €10,120 | -€290 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,929 | -€7,688 | -€4,758 | -162% |
| Profit (loss) for the period | 9904 | -€2,929 | -€7,688 | -€4,758 | -162% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,929 | -€7,688 | -€4,758 | -162% |
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 19 October 2026 via checked.be.