TB Ventures: what changed
Two fiscal 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 Ventures
Largest movements
- Cash +€10,391
up €10,391 (+464.5%), from €2,237 to €12,629
mainly Other debts (+€10,196) and Receivables within one year (+€4,160)
- Tangible fixed assets +€7,384
up €7,384 (+2949.4%), from €250 to €7,635
of which Furniture and vehicles: +€6,732
- Receivables within one year -€4,160
down €4,160 (-18.8%), from €22,098 to €17,938
of which Trade receivables: -€4,138
- Deferred charges and accrued income -€3,234
down €3,234 (-48.3%), from €6,696 to €3,462
- Other debts +€10,196
up €10,196 (+102.0%), from €9,991 to €20,187
- Profit (loss) carried forward +€3,907
up €3,907 (+47.6%), from €8,201 to €12,108
- Trade debts -€2,251
down €2,251 (-67.5%), from €3,336 to €1,086
- Tax, wage and social debts -€1,469
down €1,469 (-19.0%), from €7,752 to €6,283
- Gross operating margin +€3,362
up €3,362 (+69.3%), from €4,852 to €8,214
- Depreciation +€1,151
up €1,151 (+464.8%), from €248 to €1,399
- Taxes +€310
up €310 (+27.8%), from €1,117 to €1,427
- Other operating charges -€261
down €261 (-17.1%), from €1,523 to €1,262
- Financial charges -€94
down €94 (-30.2%), from €313 to €219
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 | €31,281 | €41,663 | +€10,382 | +33.2% |
| Fixed assets | 21/28 | €250 | €7,635 | +€7,384 | +2949.4% |
| Tangible fixed assets | 22/27 | €250 | €7,635 | +€7,384 | +2949.4% |
| Plant, machinery and equipment | 23 | - | €653 | +€653 | |
| Furniture and vehicles | 24 | €250 | €6,982 | +€6,732 | +2688.6% |
| Current assets | 29/58 | €31,031 | €34,029 | +€2,998 | +9.7% |
| Amounts receivable within one year | 40/41 | €22,098 | €17,938 | -€4,160 | -18.8% |
| Trade receivables | 40 | €22,076 | €17,938 | -€4,138 | -18.7% |
| Other amounts receivable | 41 | €21 | - | -€21 | |
| Cash at bank and in hand | 54/58 | €2,237 | €12,629 | +€10,391 | +464.5% |
| Deferred charges and accrued income | 490/1 | €6,696 | €3,462 | -€3,234 | -48.3% |
| Total equity and liabilities | 10/49 | €31,281 | €41,663 | +€10,382 | +33.2% |
| Equity | 10/15 | €10,201 | €14,108 | +€3,907 | +38.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,201 | €12,108 | +€3,907 | +47.6% |
| Amounts payable | 17/49 | €21,080 | €27,555 | +€6,475 | +30.7% |
| Amounts payable within one year | 42/48 | €21,080 | €27,555 | +€6,475 | +30.7% |
| Trade debts | 44 | €3,336 | €1,086 | -€2,251 | -67.5% |
| Suppliers | 440/4 | €3,336 | €1,086 | -€2,251 | -67.5% |
| Taxes, remuneration and social security | 45 | €7,752 | €6,283 | -€1,469 | -19.0% |
| Taxes | 450/3 | €7,752 | €6,283 | -€1,469 | -19.0% |
| Other amounts payable | 47/48 | €9,991 | €20,187 | +€10,196 | +102.0% |
| Remuneration, social security and pensions | 62 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €1,399 | +€1,151 | +464.8% |
| Other operating charges | 640/8 | €1,523 | €1,262 | -€261 | -17.1% |
| Gross operating margin | 9900 | €4,852 | €8,214 | +€3,362 | +69.3% |
| Operating profit (loss) | 9901 | €3,018 | €5,553 | +€2,535 | +84.0% |
| Financial charges | 65/66B | €313 | €219 | -€94 | -30.2% |
| Recurring financial charges | 65 | €313 | €219 | -€94 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €2,705 | €5,334 | +€2,629 | +97.2% |
| Income taxes | 67/77 | €1,117 | €1,427 | +€310 | +27.8% |
| Profit (loss) for the period | 9904 | €1,588 | €3,907 | +€2,319 | +146.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,588 | €3,907 | +€2,319 | +146.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.