TBR ENGINEERING: 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.
TBR ENGINEERING
Largest movements
- Cash +€23,615
up €23,615 (+59.6%), from €39,590 to €63,205
mainly Net result for the year (+€25,333) and Receivables within one year (+€14,975)
- Receivables within one year -€14,975
no longer reported in 2025 (was €14,975)
- Tangible fixed assets -€14,274
down €14,274 (-27.3%), from €52,259 to €37,985
of which Leasing and similar rights: -€11,223
- Current investments +€10,000
new in 2025: €10,000
- Reserves +€25,333
up €25,333 (+59.0%), from €42,936 to €68,269
- Debts after one year -€10,963
down €10,963 (-34.6%), from €31,657 to €20,694
- Other debts -€6,788
down €6,788 (-77.2%), from €8,788 to €2,000
- Tax, wage and social debts -€3,865
down €3,865 (-27.9%), from €13,857 to €9,992
- Gross operating margin -€5,107
down €5,107 (-8.7%), from €58,362 to €53,256
- Financial charges +€1,604
up €1,604 (+55.1%), from €2,911 to €4,515
- Taxes -€1,456
down €1,456 (-15.9%), from €9,143 to €7,687
- Other operating charges +€977
up €977 (+50.1%), from €1,951 to €2,928
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 | €108,905 | €113,452 | +€4,548 | +4.2% |
| Fixed assets | 21/28 | €52,259 | €37,985 | -€14,274 | -27.3% |
| Tangible fixed assets | 22/27 | €52,259 | €37,985 | -€14,274 | -27.3% |
| Plant, machinery and equipment | 23 | €1,647 | €1,458 | -€189 | -11.5% |
| Furniture and vehicles | 24 | €9,883 | €5,202 | -€4,681 | -47.4% |
| Leasing and similar rights | 25 | €40,729 | €29,506 | -€11,223 | -27.6% |
| Other tangible fixed assets | 26 | - | €1,819 | +€1,819 | |
| Current assets | 29/58 | €56,645 | €75,467 | +€18,822 | +33.2% |
| Amounts receivable within one year | 40/41 | €14,975 | - | -€14,975 | |
| Trade receivables | 40 | €14,975 | - | -€14,975 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €39,590 | €63,205 | +€23,615 | +59.6% |
| Deferred charges and accrued income | 490/1 | €2,080 | €2,263 | +€182 | +8.8% |
| Total equity and liabilities | 10/49 | €108,905 | €113,452 | +€4,548 | +4.2% |
| Equity | 10/15 | €43,936 | €69,269 | +€25,333 | +57.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €42,936 | €68,269 | +€25,333 | +59.0% |
| Distributable reserves | 133 | €42,936 | €68,269 | +€25,333 | +59.0% |
| Amounts payable | 17/49 | €64,969 | €44,184 | -€20,785 | -32.0% |
| Amounts payable after more than one year | 17 | €31,657 | €20,694 | -€10,963 | -34.6% |
| Financial debts | 170/4 | €31,657 | €20,694 | -€10,963 | -34.6% |
| Amounts payable within one year | 42/48 | €33,312 | €23,490 | -€9,822 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €10,459 | €10,963 | +€504 | +4.8% |
| Trade debts | 44 | €208 | €535 | +€327 | +157.1% |
| Suppliers | 440/4 | €208 | €535 | +€327 | +157.1% |
| Taxes, remuneration and social security | 45 | €13,857 | €9,992 | -€3,865 | -27.9% |
| Taxes | 450/3 | €13,857 | €9,992 | -€3,865 | -27.9% |
| Other amounts payable | 47/48 | €8,788 | €2,000 | -€6,788 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,585 | €12,900 | +€315 | +2.5% |
| Other operating charges | 640/8 | €1,951 | €2,928 | +€977 | +50.1% |
| Gross operating margin | 9900 | €58,362 | €53,256 | -€5,107 | -8.7% |
| Operating profit (loss) | 9901 | €43,826 | €37,428 | -€6,399 | -14.6% |
| Financial income | 75/76B | - | €107 | +€107 | |
| Recurring financial income | 75 | - | €107 | +€107 | |
| Financial charges | 65/66B | €2,911 | €4,515 | +€1,604 | +55.1% |
| Recurring financial charges | 65 | €2,911 | €4,515 | +€1,604 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €40,915 | €33,020 | -€7,895 | -19.3% |
| Income taxes | 67/77 | €9,143 | €7,687 | -€1,456 | -15.9% |
| Profit (loss) for the period | 9904 | €31,772 | €25,333 | -€6,439 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,772 | €25,333 | -€6,439 | -20.3% |
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 9 October 2026 via checked.be.