TB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€10,670
up €10,670 (+38.5%), from €27,690 to €38,360
mainly Net result for the year (+€13,491) and Depreciation (+€13,147)
- Tangible fixed assets -€4,770
down €4,770 (-11.9%), from €40,217 to €35,447
of which Furniture and vehicles: -€12,674
- Debts after one year -€12,618
no longer reported in 2025 (was €12,618)
- Reserves +€8,400
up €8,400 (+29.2%), from €28,800 to €37,200
- Tax, wage and social debts +€4,485
up €4,485 (+41.5%), from €10,797 to €15,282
- Trade debts +€4,197
up €4,197 (+1192.1%), from €352 to €4,549
- Gross operating margin +€782
up €782 (+2.4%), from €33,253 to €34,035
- Financial charges -€577
down €577 (-36.8%), from €1,571 to €994
- Taxes +€507
up €507 (+9.2%), from €5,497 to €6,004
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 | €68,252 | €73,807 | +€5,555 | +8.1% |
| Fixed assets | 21/28 | €40,217 | €35,447 | -€4,770 | -11.9% |
| Tangible fixed assets | 22/27 | €40,217 | €35,447 | -€4,770 | -11.9% |
| Land and buildings | 22 | - | €4,600 | +€4,600 | |
| Plant, machinery and equipment | 23 | €725 | €4,029 | +€3,304 | +455.8% |
| Furniture and vehicles | 24 | €39,492 | €26,819 | -€12,674 | -32.1% |
| Current assets | 29/58 | €28,035 | €38,360 | +€10,325 | +36.8% |
| Amounts receivable within one year | 40/41 | €345 | - | -€345 | |
| Trade receivables | 40 | €345 | - | -€345 | |
| Cash at bank and in hand | 54/58 | €27,690 | €38,360 | +€10,670 | +38.5% |
| Total equity and liabilities | 10/49 | €68,252 | €73,807 | +€5,555 | +8.1% |
| Equity | 10/15 | €31,337 | €39,828 | +€8,491 | +27.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,800 | €37,200 | +€8,400 | +29.2% |
| Distributable reserves | 133 | €28,800 | €37,200 | +€8,400 | +29.2% |
| Profit (loss) carried forward | 14 | €37 | €128 | +€91 | +244.1% |
| Amounts payable | 17/49 | €36,915 | €33,979 | -€2,936 | -8.0% |
| Amounts payable after more than one year | 17 | €12,618 | - | -€12,618 | |
| Financial debts | 170/4 | €12,618 | - | -€12,618 | |
| Amounts payable within one year | 42/48 | €24,297 | €33,979 | +€9,683 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €11,913 | €12,569 | +€656 | +5.5% |
| Trade debts | 44 | €352 | €4,549 | +€4,197 | +1192.1% |
| Suppliers | 440/4 | €352 | €4,549 | +€4,197 | +1192.1% |
| Taxes, remuneration and social security | 45 | €10,797 | €15,282 | +€4,485 | +41.5% |
| Taxes | 450/3 | €10,797 | €15,282 | +€4,485 | +41.5% |
| Other amounts payable | 47/48 | €1,235 | €1,579 | +€344 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,892 | €13,147 | +€255 | +2.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €33,253 | €34,035 | +€782 | +2.4% |
| Operating profit (loss) | 9901 | €19,973 | €20,488 | +€515 | +2.6% |
| Financial charges | 65/66B | €1,571 | €994 | -€577 | -36.8% |
| Recurring financial charges | 65 | €1,571 | €994 | -€577 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €18,402 | €19,495 | +€1,092 | +5.9% |
| Income taxes | 67/77 | €5,497 | €6,004 | +€507 | +9.2% |
| Profit (loss) for the period | 9904 | €12,905 | €13,491 | +€586 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,905 | €13,491 | +€586 | +4.5% |
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 10 October 2026 via checked.be.