TBFINANCE: 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.
TBFINANCE
Largest movements
- Cash -€8,671
down €8,671 (-60.8%), from €14,254 to €5,583
mainly Contributions, distributions and other (-€20,000) and Other debts (-€18,706)
- Tangible fixed assets -€7,027
down €7,027 (-56.0%), from €12,556 to €5,529
- Other debts -€18,706
down €18,706 (-14.9%), from €125,199 to €106,493
- Tax, wage and social debts -€6,357
down €6,357 (-61.5%), from €10,332 to €3,976
- Financial income +€15,000
new in 2025: €15,000
- Depreciation +€5,015
up €5,015 (+249.1%), from €2,013 to €7,027
- Gross operating margin -€2,415
down €2,415 (-8.0%), from €30,231 to €27,817
- Taxes -€1,357
down €1,357 (-13.1%), from €10,332 to €8,976
- Financial charges -€513
down €513 (-89.8%), from €572 to €59
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 | €596,383 | €577,184 | -€19,199 | -3.2% |
| Fixed assets | 21/28 | €578,629 | €571,602 | -€7,027 | -1.2% |
| Tangible fixed assets | 22/27 | €12,556 | €5,529 | -€7,027 | -56.0% |
| Furniture and vehicles | 24 | €12,556 | €5,529 | -€7,027 | -56.0% |
| Financial fixed assets | 28 | €566,073 | €566,073 | = | 0.0% |
| Current assets | 29/58 | €17,754 | €5,583 | -€12,171 | -68.6% |
| Amounts receivable within one year | 40/41 | €3,500 | - | -€3,500 | |
| Trade receivables | 40 | €3,500 | - | -€3,500 | |
| Cash at bank and in hand | 54/58 | €14,254 | €5,583 | -€8,671 | -60.8% |
| Total equity and liabilities | 10/49 | €596,383 | €577,184 | -€19,199 | -3.2% |
| Equity | 10/15 | €414,424 | €420,264 | +€5,840 | +1.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €141,700 | €141,700 | = | 0.0% |
| Distributable reserves | 133 | €141,700 | €141,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,264 | €258,104 | +€5,840 | +2.3% |
| Amounts payable | 17/49 | €181,959 | €156,921 | -€25,038 | -13.8% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €136,959 | €111,921 | -€25,038 | -18.3% |
| Trade debts | 44 | €1,428 | €1,452 | +€24 | +1.7% |
| Suppliers | 440/4 | €1,428 | €1,452 | +€24 | +1.7% |
| Taxes, remuneration and social security | 45 | €10,332 | €3,976 | -€6,357 | -61.5% |
| Taxes | 450/3 | €10,332 | €3,976 | -€6,357 | -61.5% |
| Other amounts payable | 47/48 | €125,199 | €106,493 | -€18,706 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €7,027 | +€5,015 | +249.1% |
| Other operating charges | 640/8 | €896 | €916 | +€20 | +2.2% |
| Gross operating margin | 9900 | €30,231 | €27,817 | -€2,415 | -8.0% |
| Operating profit (loss) | 9901 | €27,323 | €19,874 | -€7,449 | -27.3% |
| Financial income | 75/76B | - | €15,000 | +€15,000 | |
| Recurring financial income | 75 | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €572 | €59 | -€513 | -89.8% |
| Recurring financial charges | 65 | €572 | €59 | -€513 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €26,751 | €34,815 | +€8,064 | +30.1% |
| Income taxes | 67/77 | €10,332 | €8,976 | -€1,357 | -13.1% |
| Profit (loss) for the period | 9904 | €16,418 | €25,840 | +€9,421 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,418 | €25,840 | +€9,421 | +57.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.