TB Products: 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 Products
Largest movements
- Tangible fixed assets +€60,542
up €60,542 (+8,104%), from €747 to €61,289
of which Land and buildings: +€60,102
- Cash -€33,154
down €33,154 (-71.1%), from €46,628 to €13,474
mainly Investment in fixed assets (net) (-€68,289) and Receivables within one year (-€2,327)
- Receivables within one year +€2,327
up €2,327 (+22.1%), from €10,537 to €12,864
- Reserves +€19,916
up €19,916 (+53.4%), from €37,270 to €57,186
- Tax, wage and social debts +€5,731
up €5,731 (+42.5%), from €13,475 to €19,206
- Other debts +€3,181
up €3,181 (+64.5%), from €4,933 to €8,114
- Accrued charges and deferred income +€1,124
new in 2025: €1,124
- Depreciation +€6,563
up €6,563 (+554%), from €1,184 to €7,747
- Gross operating margin +€2,248
up €2,248 (+6.6%), from €33,996 to €36,243
- Financial charges +€1,359
up €1,359 (+1,391%), from €98 to €1,456
- Taxes -€1,247
down €1,247 (-17.1%), from €7,300 to €6,054
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 | €58,404 | €88,138 | +€29,735 | +50.9% |
| Fixed assets | 21/28 | €747 | €61,289 | +€60,542 | +8,104% |
| Tangible fixed assets | 22/27 | €747 | €61,289 | +€60,542 | +8,104% |
| Land and buildings | 22 | - | €60,102 | +€60,102 | |
| Furniture and vehicles | 24 | €747 | €1,188 | +€441 | +59.0% |
| Current assets | 29/58 | €57,657 | €26,849 | -€30,807 | -53.4% |
| Amounts receivable within one year | 40/41 | €10,537 | €12,864 | +€2,327 | +22.1% |
| Trade receivables | 40 | €10,537 | €12,864 | +€2,327 | +22.1% |
| Cash at bank and in hand | 54/58 | €46,628 | €13,474 | -€33,154 | -71.1% |
| Deferred charges and accrued income | 490/1 | €492 | €511 | +€20 | +4.0% |
| Total equity and liabilities | 10/49 | €58,404 | €88,138 | +€29,735 | +50.9% |
| Equity | 10/15 | €39,670 | €59,586 | +€19,916 | +50.2% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €37,270 | €57,186 | +€19,916 | +53.4% |
| Distributable reserves | 133 | €37,270 | €57,186 | +€19,916 | +53.4% |
| Amounts payable | 17/49 | €18,734 | €28,553 | +€9,819 | +52.4% |
| Amounts payable within one year | 42/48 | €18,734 | €27,429 | +€8,694 | +46.4% |
| Trade debts | 44 | €326 | €108 | -€217 | -66.7% |
| Suppliers | 440/4 | €326 | €108 | -€217 | -66.7% |
| Taxes, remuneration and social security | 45 | €13,475 | €19,206 | +€5,731 | +42.5% |
| Taxes | 450/3 | €13,475 | €19,206 | +€5,731 | +42.5% |
| Other amounts payable | 47/48 | €4,933 | €8,114 | +€3,181 | +64.5% |
| Accrued charges and deferred income | 492/3 | - | €1,124 | +€1,124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184 | €7,747 | +€6,563 | +554% |
| Other operating charges | 640/8 | €244 | €252 | +€8 | +3.3% |
| Gross operating margin | 9900 | €33,996 | €36,243 | +€2,248 | +6.6% |
| Operating profit (loss) | 9901 | €32,567 | €28,244 | -€4,323 | -13.3% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €98 | €1,456 | +€1,359 | +1,391% |
| Recurring financial charges | 65 | €98 | €1,456 | +€1,359 | +1,391% |
| Profit (loss) for the period before taxes | 9903 | €32,470 | €26,803 | -€5,667 | -17.5% |
| Income taxes | 67/77 | €7,300 | €6,054 | -€1,247 | -17.1% |
| Profit (loss) for the period | 9904 | €25,170 | €20,749 | -€4,421 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,170 | €20,749 | -€4,421 | -17.6% |
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 18 October 2026 via checked.be.