TBY Law: 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.
TBY Law
Largest movements
- Cash -€2,683
down €2,683 (-24.5%), from €10,957 to €8,274
mainly Net result for the year (-€10,331) and Investment in fixed assets (net) (-€743)
- Tangible fixed assets -€2,544
down €2,544 (-37.1%), from €6,848 to €4,304
- Receivables within one year -€304
no longer reported in 2025 (was €304)
- Deferred charges and accrued income +€235
up €235 (+44.8%), from €525 to €760
- Profit (loss) carried forward -€10,331
down €10,331, from €7,861 to -€2,470
- Other debts +€5,450
up €5,450 (+159%), from €3,430 to €8,881
- Accrued charges and deferred income -€495
down €495 (-49.7%), from €995 to €500
- Trade debts +€413
new in 2025: €413
- Tax, wage and social debts -€333
down €333 (-23.7%), from €1,403 to €1,070
- Gross operating margin -€23,668
down €23,668, from €17,460 to -€6,208
- Taxes -€1,548
down €1,548, from €1,529 to -€19
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 | €18,689 | €13,394 | -€5,295 | -28.3% |
| Fixed assets | 21/28 | €6,903 | €4,360 | -€2,544 | -36.8% |
| Tangible fixed assets | 22/27 | €6,848 | €4,304 | -€2,544 | -37.1% |
| Furniture and vehicles | 24 | €6,848 | €4,304 | -€2,544 | -37.1% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €11,786 | €9,034 | -€2,752 | -23.3% |
| Amounts receivable within one year | 40/41 | €304 | - | -€304 | |
| Other amounts receivable | 41 | €304 | - | -€304 | |
| Cash at bank and in hand | 54/58 | €10,957 | €8,274 | -€2,683 | -24.5% |
| Deferred charges and accrued income | 490/1 | €525 | €760 | +€235 | +44.8% |
| Total equity and liabilities | 10/49 | €18,689 | €13,394 | -€5,295 | -28.3% |
| Equity | 10/15 | €12,861 | €2,530 | -€10,331 | -80.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,861 | -€2,470 | -€10,331 | |
| Amounts payable | 17/49 | €5,828 | €10,863 | +€5,036 | +86.4% |
| Amounts payable within one year | 42/48 | €4,833 | €10,363 | +€5,530 | +114% |
| Trade debts | 44 | - | €413 | +€413 | |
| Suppliers | 440/4 | - | €413 | +€413 | |
| Taxes, remuneration and social security | 45 | €1,403 | €1,070 | -€333 | -23.7% |
| Taxes | 450/3 | €1,403 | €1,070 | -€333 | -23.7% |
| Other amounts payable | 47/48 | €3,430 | €8,881 | +€5,450 | +159% |
| Accrued charges and deferred income | 492/3 | €995 | €500 | -€495 | -49.7% |
| Non-recurring operating income | 76A | €1,498 | - | -€1,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,135 | €3,287 | +€152 | +4.8% |
| Other operating charges | 640/8 | €701 | €701 | +€1 | +0.1% |
| Gross operating margin | 9900 | €17,460 | -€6,208 | -€23,668 | |
| Operating profit (loss) | 9901 | €13,624 | -€10,196 | -€23,821 | |
| Financial charges | 65/66B | €138 | €154 | +€16 | +11.7% |
| Recurring financial charges | 65 | €138 | €154 | +€16 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €13,486 | -€10,350 | -€23,837 | |
| Income taxes | 67/77 | €1,529 | -€19 | -€1,548 | |
| Profit (loss) for the period | 9904 | €11,957 | -€10,331 | -€22,288 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,957 | -€10,331 | -€22,288 |
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 1 November 2026 via checked.be.