TBEM: 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.
TBEM
Largest movements
- Receivables within one year -€20,242
down €20,242 (-46.8%), from €43,276 to €23,034
- Cash -€7,972
down €7,972 (-84.8%), from €9,405 to €1,434
mainly Net result for the year (-€19,602) and Tax, wage and social debts (-€8,670)
- Deferred charges and accrued income +€7,547
up €7,547 (+749%), from €1,007 to €8,554
- Formation expenses -€1,410
no longer reported in 2026 (was €1,410)
- Financial fixed assets +€1,000
up €1,000 (+44.4%), from €2,250 to €3,250
- Profit (loss) carried forward -€19,602
new in 2026: -€19,602
- Other debts +€9,245
up €9,245 (+572%), from €1,616 to €10,861
- Tax, wage and social debts -€8,670
down €8,670 (-79.6%), from €10,890 to €2,221
of which Taxes: -€8,670
- Accrued charges and deferred income -€3,000
no longer reported in 2026 (was €3,000)
- Trade debts +€950
up €950 (+519%), from €183 to €1,134
- Gross operating margin -€44,694
down €44,694, from €28,030 to -€16,664
- Taxes -€7,355
down €7,355 (-98.2%), from €7,489 to €134
- Financial charges +€791
up €791 (+787%), from €100 to €891
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,349 | €36,272 | -€21,076 | -36.8% |
| Formation expenses | 20 | €1,410 | - | -€1,410 | |
| Fixed assets | 21/28 | €2,250 | €3,250 | +€1,000 | +44.4% |
| Financial fixed assets | 28 | €2,250 | €3,250 | +€1,000 | +44.4% |
| Current assets | 29/58 | €53,689 | €33,022 | -€20,667 | -38.5% |
| Amounts receivable within one year | 40/41 | €43,276 | €23,034 | -€20,242 | -46.8% |
| Trade receivables | 40 | €43,276 | €23,034 | -€20,242 | -46.8% |
| Cash at bank and in hand | 54/58 | €9,405 | €1,434 | -€7,972 | -84.8% |
| Deferred charges and accrued income | 490/1 | €1,007 | €8,554 | +€7,547 | +749% |
| Total equity and liabilities | 10/49 | €57,349 | €36,272 | -€21,076 | -36.8% |
| Equity | 10/15 | €21,660 | €2,058 | -€19,602 | -90.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,660 | €18,660 | = | 0.0% |
| Distributable reserves | 133 | €18,660 | €18,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,602 | -€19,602 | |
| Amounts payable | 17/49 | €35,689 | €34,215 | -€1,474 | -4.1% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,689 | €14,215 | +€1,526 | +12.0% |
| Trade debts | 44 | €183 | €1,134 | +€950 | +519% |
| Suppliers | 440/4 | €183 | €1,134 | +€950 | +519% |
| Taxes, remuneration and social security | 45 | €10,890 | €2,221 | -€8,670 | -79.6% |
| Taxes | 450/3 | €9,712 | €1,042 | -€8,670 | -89.3% |
| Remuneration and social security | 454/9 | €1,178 | €1,178 | = | 0.0% |
| Other amounts payable | 47/48 | €1,616 | €10,861 | +€9,245 | +572% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,414 | €1,410 | -€4 | -0.3% |
| Other operating charges | 640/8 | €566 | €504 | -€62 | -11.0% |
| Gross operating margin | 9900 | €28,030 | -€16,664 | -€44,694 | |
| Operating profit (loss) | 9901 | €26,050 | -€18,577 | -€44,627 | |
| Financial charges | 65/66B | €100 | €891 | +€791 | +787% |
| Recurring financial charges | 65 | €100 | €891 | +€791 | +787% |
| Profit (loss) for the period before taxes | 9903 | €25,950 | -€19,468 | -€45,418 | |
| Income taxes | 67/77 | €7,489 | €134 | -€7,355 | -98.2% |
| Profit (loss) for the period | 9904 | €18,461 | -€19,602 | -€38,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,461 | -€19,602 | -€38,063 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.