TB LINE: 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 LINE
Largest movements
- Tangible fixed assets +€106,147
up €106,147 (+169.7%), from €62,538 to €168,685
of which Leasing and similar rights: +€103,956
- Receivables within one year -€17,626
down €17,626 (-54.8%), from €32,146 to €14,520
of which Trade receivables: -€14,650
- Cash +€2,073
up €2,073 (+14.2%), from €14,619 to €16,692
mainly Debts after one year (+€92,628) and Receivables within one year (+€17,626)
- Debts after one year +€92,628
up €92,628 (+333.9%), from €27,737 to €120,365
- Reserves -€8,662
down €8,662 (-27.5%), from €31,557 to €22,895
- Advances received +€3,046
new in 2025: €3,046
- Current portion of long-term debt +€2,160
up €2,160 (+9.3%), from €23,158 to €25,318
- Gross operating margin -€8,106
down €8,106 (-23.5%), from €34,442 to €26,336
- Taxes -€4,487
down €4,487, from €2,844 to -€1,643
- Depreciation -€2,615
down €2,615 (-13.6%), from €19,193 to €16,578
- Other operating charges -€2,549
down €2,549 (-52.3%), from €4,877 to €2,328
- Financial charges +€457
up €457 (+13.9%), from €3,279 to €3,736
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.
Cash bridge derived
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 | €109,755 | €199,897 | +€90,142 | +82.1% |
| Fixed assets | 21/28 | €62,538 | €168,685 | +€106,147 | +169.7% |
| Tangible fixed assets | 22/27 | €62,538 | €168,685 | +€106,147 | +169.7% |
| Plant, machinery and equipment | 23 | €2,799 | €1,528 | -€1,271 | -45.4% |
| Furniture and vehicles | 24 | €3,762 | €7,224 | +€3,462 | +92.0% |
| Leasing and similar rights | 25 | €55,977 | €159,933 | +€103,956 | +185.7% |
| Current assets | 29/58 | €47,217 | €31,212 | -€16,005 | -33.9% |
| Amounts receivable within one year | 40/41 | €32,146 | €14,520 | -€17,626 | -54.8% |
| Trade receivables | 40 | €18,802 | €4,152 | -€14,650 | -77.9% |
| Other amounts receivable | 41 | €13,344 | €10,368 | -€2,976 | -22.3% |
| Cash at bank and in hand | 54/58 | €14,619 | €16,692 | +€2,073 | +14.2% |
| Deferred charges and accrued income | 490/1 | €452 | €0 | -€452 | -100.0% |
| Total equity and liabilities | 10/49 | €109,755 | €199,897 | +€90,142 | +82.1% |
| Equity | 10/15 | €34,057 | €25,395 | -€8,662 | -25.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,557 | €22,895 | -€8,662 | -27.5% |
| Distributable reserves | 133 | €31,557 | €22,895 | -€8,662 | -27.5% |
| Amounts payable | 17/49 | €75,697 | €174,502 | +€98,805 | +130.5% |
| Amounts payable after more than one year | 17 | €27,737 | €120,365 | +€92,628 | +333.9% |
| Financial debts | 170/4 | €27,737 | €120,365 | +€92,628 | +333.9% |
| Amounts payable within one year | 42/48 | €47,960 | €54,137 | +€6,177 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €23,158 | €25,318 | +€2,160 | +9.3% |
| Financial debts | 43 | - | €1,688 | +€1,688 | |
| Credit institutions | 430/8 | - | €1,688 | +€1,688 | |
| Trade debts | 44 | €4,805 | €3,647 | -€1,159 | -24.1% |
| Suppliers | 440/4 | €4,805 | €3,647 | -€1,159 | -24.1% |
| Advances received on contracts in progress | 46 | - | €3,046 | +€3,046 | |
| Taxes, remuneration and social security | 45 | €3,910 | €4,552 | +€642 | +16.4% |
| Taxes | 450/3 | €1,091 | €1,052 | -€39 | -3.6% |
| Remuneration and social security | 454/9 | €2,819 | €3,500 | +€681 | +24.1% |
| Other amounts payable | 47/48 | €16,087 | €15,887 | -€200 | -1.2% |
| Non-recurring operating income | 76A | €4,814 | €0 | -€4,814 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,193 | €16,578 | -€2,615 | -13.6% |
| Other operating charges | 640/8 | €4,877 | €2,328 | -€2,549 | -52.3% |
| Non-recurring operating charges | 66A | - | €13,999 | +€13,999 | |
| Gross operating margin | 9900 | €34,442 | €26,336 | -€8,106 | -23.5% |
| Operating profit (loss) | 9901 | €10,372 | -€6,569 | -€16,942 | |
| Financial charges | 65/66B | €3,279 | €3,736 | +€457 | +13.9% |
| Recurring financial charges | 65 | €3,279 | €3,736 | +€457 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €7,093 | -€10,305 | -€17,399 | |
| Income taxes | 67/77 | €2,844 | -€1,643 | -€4,487 | |
| Profit (loss) for the period | 9904 | €4,249 | -€8,662 | -€12,912 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,249 | -€8,662 | -€12,912 |
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 9 October 2026 via checked.be.