Tbone: 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.
Tbone
Largest movements
- Cash -€34,974
down €34,974 (-71.9%), from €48,610 to €13,635
mainly Net result for the year (-€70,710) and Receivables within one year (-€26,116)
- Receivables within one year +€26,116
up €26,116 (+148.2%), from €17,621 to €43,737
of which Trade receivables: +€14,803
- Deferred charges and accrued income +€8,809
up €8,809 (+360.7%), from €2,442 to €11,252
- Debts after one year +€73,006
up €73,006 (+73.4%), from €99,487 to €172,493
- Profit (loss) carried forward -€70,710
down €70,710, from €0 to -€70,710
- Other debts -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Current portion of long-term debt +€14,297
up €14,297 (+169.3%), from €8,443 to €22,740
- Trade debts +€10,235
up €10,235 (+269.1%), from €3,803 to €14,038
- Gross operating margin -€105,892
down €105,892, from €57,309 to -€48,583
- Taxes -€8,125
down €8,125, from €7,970 to -€156
- Financial charges +€1,225
up €1,225 (+22.6%), from €5,422 to €6,647
- Depreciation +€751
up €751 (+5.1%), from €14,688 to €15,439
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 | €153,080 | €152,779 | -€301 | -0.2% |
| Fixed assets | 21/28 | €84,407 | €84,155 | -€252 | -0.3% |
| Tangible fixed assets | 22/27 | €84,407 | €84,155 | -€252 | -0.3% |
| Land and buildings | 22 | €75,642 | €77,603 | +€1,961 | +2.6% |
| Plant, machinery and equipment | 23 | €2,050 | €1,814 | -€236 | -11.5% |
| Furniture and vehicles | 24 | €6,715 | €4,738 | -€1,977 | -29.4% |
| Current assets | 29/58 | €68,673 | €68,624 | -€49 | -0.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €17,621 | €43,737 | +€26,116 | +148.2% |
| Trade receivables | 40 | €0 | €14,803 | +€14,803 | |
| Other amounts receivable | 41 | €17,621 | €28,934 | +€11,313 | +64.2% |
| Cash at bank and in hand | 54/58 | €48,610 | €13,635 | -€34,974 | -71.9% |
| Deferred charges and accrued income | 490/1 | €2,442 | €11,252 | +€8,809 | +360.7% |
| Total equity and liabilities | 10/49 | €153,080 | €152,779 | -€301 | -0.2% |
| Equity | 10/15 | €9,382 | -€61,328 | -€70,710 | |
| Contributions | 10/11 | €20 | €20 | = | 0.0% |
| Reserves | 13 | €9,362 | €9,362 | = | 0.0% |
| Distributable reserves | 133 | €9,362 | €9,362 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€70,710 | -€70,710 | |
| Amounts payable | 17/49 | €143,698 | €214,106 | +€70,409 | +49.0% |
| Amounts payable after more than one year | 17 | €99,487 | €172,493 | +€73,006 | +73.4% |
| Financial debts | 170/4 | €99,487 | €172,493 | +€73,006 | +73.4% |
| Amounts payable within one year | 42/48 | €44,210 | €41,285 | -€2,925 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €8,443 | €22,740 | +€14,297 | +169.3% |
| Financial debts | 43 | €3,729 | €0 | -€3,729 | -100.0% |
| Credit institutions | 430/8 | €3,729 | €0 | -€3,729 | -100.0% |
| Trade debts | 44 | €3,803 | €14,038 | +€10,235 | +269.1% |
| Suppliers | 440/4 | €3,803 | €14,038 | +€10,235 | +269.1% |
| Taxes, remuneration and social security | 45 | €3,235 | €4,507 | +€1,272 | +39.3% |
| Taxes | 450/3 | €3,235 | €2,705 | -€530 | -16.4% |
| Remuneration and social security | 454/9 | - | €1,802 | +€1,802 | |
| Other amounts payable | 47/48 | €25,000 | €0 | -€25,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €328 | +€328 | |
| Non-recurring operating income | 76A | €18,800 | €0 | -€18,800 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,688 | €15,439 | +€751 | +5.1% |
| Other operating charges | 640/8 | €909 | €1,044 | +€135 | +14.8% |
| Non-recurring operating charges | 66A | - | €354 | +€354 | |
| Gross operating margin | 9900 | €57,309 | -€48,583 | -€105,892 | |
| Operating profit (loss) | 9901 | €41,713 | -€65,420 | -€107,132 | |
| Financial income | 75/76B | €901 | €1,201 | +€300 | +33.3% |
| Recurring financial income | 75 | €901 | €1,201 | +€300 | +33.3% |
| Financial charges | 65/66B | €5,422 | €6,647 | +€1,225 | +22.6% |
| Recurring financial charges | 65 | €5,422 | €6,647 | +€1,225 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €37,191 | -€70,866 | -€108,057 | |
| Income taxes | 67/77 | €7,970 | -€156 | -€8,125 | |
| Profit (loss) for the period | 9904 | €29,222 | -€70,710 | -€99,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,222 | -€70,710 | -€99,932 |
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 12 October 2026 via checked.be.