THOMAS TYBERGHEIN: 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.
THOMAS TYBERGHEIN
Largest movements
- Cash -€7,445
down €7,445 (-26.8%), from €27,817 to €20,372
mainly Net result for the year (-€4,336) and Contributions, distributions and other (-€3,000)
- Receivables within one year -€1,117
down €1,117 (-9.5%), from €11,765 to €10,648
of which Other amounts receivable: -€866
- Profit (loss) carried forward -€4,336
down €4,336 (-59.4%), from €7,299 to €2,963
- Reserves -€3,000
down €3,000 (-26.3%), from €11,425 to €8,425
- Trade debts -€1,280
down €1,280 (-57.9%), from €2,209 to €929
- Other debts +€910
up €910 (+31.8%), from €2,861 to €3,772
- Accrued charges and deferred income -€863
down €863 (-10.4%), from €8,316 to €7,453
- Depreciation -€1,179
down €1,179 (-44.3%), from €2,660 to €1,481
- Gross operating margin -€889
down €889 (-1,022%), from -€87 to -€976
- Other operating charges +€844
up €844 (+122%), from €691 to €1,535
- Financial charges -€56
down €56 (-20.8%), from €271 to €214
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 | €44,218 | €36,021 | -€8,197 | -18.5% |
| Fixed assets | 21/28 | €3,630 | €3,917 | +€287 | +7.9% |
| Tangible fixed assets | 22/27 | €3,228 | €3,515 | +€287 | +8.9% |
| Plant, machinery and equipment | 23 | €83 | - | -€83 | |
| Furniture and vehicles | 24 | €3,145 | €3,515 | +€370 | +11.8% |
| Financial fixed assets | 28 | €402 | €402 | = | 0.0% |
| Current assets | 29/58 | €40,588 | €32,105 | -€8,484 | -20.9% |
| Amounts receivable within one year | 40/41 | €11,765 | €10,648 | -€1,117 | -9.5% |
| Trade receivables | 40 | €10,899 | €10,648 | -€251 | -2.3% |
| Other amounts receivable | 41 | €866 | - | -€866 | |
| Cash at bank and in hand | 54/58 | €27,817 | €20,372 | -€7,445 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,007 | €1,085 | +€78 | +7.7% |
| Total equity and liabilities | 10/49 | €44,218 | €36,021 | -€8,197 | -18.5% |
| Equity | 10/15 | €24,924 | €17,588 | -€7,336 | -29.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,425 | €8,425 | -€3,000 | -26.3% |
| Distributable reserves | 133 | €11,425 | €8,425 | -€3,000 | -26.3% |
| Profit (loss) carried forward | 14 | €7,299 | €2,963 | -€4,336 | -59.4% |
| Amounts payable | 17/49 | €19,295 | €18,434 | -€861 | -4.5% |
| Amounts payable within one year | 42/48 | €10,978 | €10,981 | +€2 | 0.0% |
| Trade debts | 44 | €2,209 | €929 | -€1,280 | -57.9% |
| Suppliers | 440/4 | €2,209 | €929 | -€1,280 | -57.9% |
| Taxes, remuneration and social security | 45 | €5,908 | €6,280 | +€372 | +6.3% |
| Taxes | 450/3 | €5,908 | €6,280 | +€372 | +6.3% |
| Other amounts payable | 47/48 | €2,861 | €3,772 | +€910 | +31.8% |
| Accrued charges and deferred income | 492/3 | €8,316 | €7,453 | -€863 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,660 | €1,481 | -€1,179 | -44.3% |
| Other operating charges | 640/8 | €691 | €1,535 | +€844 | +122% |
| Gross operating margin | 9900 | -€87 | -€976 | -€889 | -1,022% |
| Operating profit (loss) | 9901 | -€3,438 | -€3,991 | -€554 | -16.1% |
| Financial charges | 65/66B | €271 | €214 | -€56 | -20.8% |
| Recurring financial charges | 65 | €271 | €214 | -€56 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,709 | -€4,206 | -€497 | -13.4% |
| Income taxes | 67/77 | €134 | €130 | -€4 | -3.1% |
| Profit (loss) for the period | 9904 | -€3,843 | -€4,336 | -€493 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,843 | -€4,336 | -€493 | -12.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.