TBINVEST: 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.
TBINVEST
Largest movements
- Tangible fixed assets -€7,833
down €7,833 (-5.1%), from €154,355 to €146,522
- Receivables within one year +€7,487
up €7,487 (+94.0%), from €7,964 to €15,451
- Other debts +€2,279
up €2,279 (+2.8%), from €80,804 to €83,083
- Gross operating margin +€1,900
up €1,900 (+28.1%), from €6,768 to €8,668
- Financial charges -€288
down €288 (-41.9%), from €689 to €400
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 | €190,823 | €190,477 | -€346 | -0.2% |
| Fixed assets | 21/28 | €182,855 | €175,022 | -€7,833 | -4.3% |
| Tangible fixed assets | 22/27 | €154,355 | €146,522 | -€7,833 | -5.1% |
| Land and buildings | 22 | €154,355 | €146,522 | -€7,833 | -5.1% |
| Financial fixed assets | 28 | €28,500 | €28,500 | = | 0.0% |
| Current assets | 29/58 | €7,969 | €15,456 | +€7,487 | +94.0% |
| Amounts receivable within one year | 40/41 | €7,964 | €15,451 | +€7,487 | +94.0% |
| Trade receivables | 40 | €7,964 | €15,451 | +€7,487 | +94.0% |
| Cash at bank and in hand | 54/58 | €5 | €5 | = | 0.0% |
| Total equity and liabilities | 10/49 | €190,823 | €190,477 | -€346 | -0.2% |
| Equity | 10/15 | €99,399 | €98,352 | -€1,048 | -1.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €18,652 | €17,614 | -€1,038 | -5.6% |
| Tax-exempt reserves | 132 | €18,652 | €17,614 | -€1,038 | -5.6% |
| Profit (loss) carried forward | 14 | -€19,253 | -€19,263 | -€10 | -0.1% |
| Provisions and deferred taxes | 16 | €6,217 | €5,871 | -€346 | -5.6% |
| Deferred taxes | 168 | €6,217 | €5,871 | -€346 | -5.6% |
| Amounts payable | 17/49 | €85,207 | €86,254 | +€1,047 | +1.2% |
| Amounts payable within one year | 42/48 | €85,141 | €86,187 | +€1,046 | +1.2% |
| Financial debts | 43 | €1,587 | €551 | -€1,036 | -65.3% |
| Credit institutions | 430/8 | €1,587 | €551 | -€1,036 | -65.3% |
| Trade debts | 44 | €1,731 | €2,031 | +€299 | +17.3% |
| Suppliers | 440/4 | €1,731 | €2,031 | +€299 | +17.3% |
| Taxes, remuneration and social security | 45 | €1,018 | €522 | -€496 | -48.7% |
| Taxes | 450/3 | €1,018 | €522 | -€496 | -48.7% |
| Other amounts payable | 47/48 | €80,804 | €83,083 | +€2,279 | +2.8% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,833 | €7,833 | = | 0.0% |
| Other operating charges | 640/8 | €1,785 | €1,828 | +€44 | +2.4% |
| Gross operating margin | 9900 | €6,768 | €8,668 | +€1,900 | +28.1% |
| Operating profit (loss) | 9901 | -€2,849 | -€993 | +€1,856 | +65.1% |
| Financial charges | 65/66B | €689 | €400 | -€288 | -41.9% |
| Recurring financial charges | 65 | €689 | €400 | -€288 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,538 | -€1,394 | +€2,145 | +60.6% |
| Transfer from deferred taxes | 780 | €346 | €346 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€3,192 | -€1,048 | +€2,145 | +67.2% |
| Transfer from tax-exempt reserves | 789 | €1,038 | €1,038 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,154 | -€10 | +€2,145 | +99.5% |
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.