TBO CONSULTING: 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.
TBO CONSULTING
Largest movements
- Receivables within one year -€3,990
down €3,990 (-44.7%), from €8,931 to €4,941
of which Trade receivables: -€4,000
- Cash -€2,231
down €2,231 (-83.9%), from €2,659 to €428
mainly Net result for the year (-€9,423) and Trade debts (-€74)
- Profit (loss) carried forward -€9,423
down €9,423 (-18.0%), from -€52,395 to -€61,818
- Other debts +€3,196
up €3,196 (+9.8%), from €32,728 to €35,923
- Gross operating margin -€2,467
down €2,467 (-37.0%), from -€6,672 to -€9,139
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 | €11,669 | €5,369 | -€6,301 | -54.0% |
| Fixed assets | 21/28 | €79 | - | -€79 | |
| Tangible fixed assets | 22/27 | €79 | - | -€79 | |
| Plant, machinery and equipment | 23 | €79 | - | -€79 | |
| Current assets | 29/58 | €11,590 | €5,369 | -€6,221 | -53.7% |
| Amounts receivable within one year | 40/41 | €8,931 | €4,941 | -€3,990 | -44.7% |
| Trade receivables | 40 | €4,000 | - | -€4,000 | |
| Other amounts receivable | 41 | €4,931 | €4,941 | +€10 | +0.2% |
| Cash at bank and in hand | 54/58 | €2,659 | €428 | -€2,231 | -83.9% |
| Total equity and liabilities | 10/49 | €11,669 | €5,369 | -€6,301 | -54.0% |
| Equity | 10/15 | -€21,132 | -€30,555 | -€9,423 | -44.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18,863 | €18,863 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,003 | €17,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,395 | -€61,818 | -€9,423 | -18.0% |
| Amounts payable | 17/49 | €32,801 | €35,923 | +€3,122 | +9.5% |
| Amounts payable within one year | 42/48 | €32,801 | €35,923 | +€3,122 | +9.5% |
| Trade debts | 44 | €74 | - | -€74 | |
| Suppliers | 440/4 | €74 | - | -€74 | |
| Other amounts payable | 47/48 | €32,728 | €35,923 | +€3,196 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109 | €79 | -€30 | -27.1% |
| Other operating charges | 640/8 | €141 | €145 | +€5 | +3.2% |
| Gross operating margin | 9900 | -€6,672 | -€9,139 | -€2,467 | -37.0% |
| Operating profit (loss) | 9901 | -€6,922 | -€9,364 | -€2,442 | -35.3% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €75 | €59 | -€15 | -20.7% |
| Recurring financial charges | 65 | €75 | €59 | -€15 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,978 | -€9,423 | -€2,445 | -35.0% |
| Profit (loss) for the period | 9904 | -€6,978 | -€9,423 | -€2,445 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,978 | -€9,423 | -€2,445 | -35.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.