THRIBE: 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.
What changed
THRIBE
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€19.7m
2024 · €17.9m+€1.8m
Equity
€11.1m
2024 · €12.3m-€1.2m
Cash
€13.0m
2024 · €2.9m+€10.1m
Balance sheet total
€38.7m
2024 · €20.3m+€18.4m
Largest movements
Assets
- Cash +€10.1m
up €10.1m (+346%), from €2.9m to €13.0m
mainly Net result for the year (+€19.7m) and Other debts (+€15.2m)
- Receivables within one year +€8.0m
up €8.0m (+192%), from €4.2m to €12.2m
of which Trade receivables: +€10.8m
Equity and liabilities
- Other debts +€15.2m
up €15.2m (+267%), from €5.7m to €20.8m
- Trade debts +€5.0m
up €5.0m (+867%), from €573,309 to €5.5m
- Debts after one year -€1.4m
down €1.4m (-89.0%), from €1.6m to €174,033
- Reserves -€1.2m
down €1.2m (-9.7%), from €12.3m to €11.1m
- Tax, wage and social debts +€882,330
up €882,330 (+599%), from €147,416 to €1.0m
of which Taxes: +€869,994
Income statement
- Turnover +€29.4m
new in 2025: €29.4m
- Financial income -€18.0m
down €18.0m (-99.3%), from €18.2m to €135,249
of which Financial income: -€18.0m
- Taxes +€6.0m
up €6.0m, from -€34,585 to €6.0m
of which Taxes: +€6.0m
- Other operating income -€2.7m
down €2.7m (-94.3%), from €2.9m to €164,757
- Services and other goods +€943,297
up €943,297 (+37.2%), from €2.5m to €3.5m
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.
Result 2024
€17.9m
Turnover
+€29.4m
Other operating income
-€2.7m
Services and other goods
-€943,297
Staff costs
-€232,156
Depreciation
-€44,819
Other operating charges
+€2
Other operating items
-€9,269
Financial income
-€18.0m
Financial charges
+€300,473
Taxes
-€6.0m
Result 2025
€19.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€32.8m
Investment
-€484,862
Financing
-€22.3m
Cash 2024
€2.9m
From operations (derived)
+€32.8m
Net result for the year
+€19.7m
Depreciation
+€122,504
Receivables within one year
-€8.0m
Smaller working-capital items
+€3,673
Trade debts
+€5.0m
Tax, wage and social debts
+€882,330
Other debts
+€15.2m
Investment (derived)
-€484,862
Investment in fixed assets (net)
-€484,862
Financing
-€22.3m
Debts after one year
-€1.4m
Current portion of long-term debt
+€453
Contributions, distributions and other
-€20.9m
Cash 2025
€13.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,322,239 | €38,738,891 | +€18.4m | +90.6% |
| Fixed assets | 21/28 | €13,232,533 | €13,594,891 | +€362,358 | +2.7% |
| Intangible fixed assets | 21 | €145,530 | €477,969 | +€332,438 | +228% |
| Tangible fixed assets | 22/27 | €747,023 | €786,942 | +€39,920 | +5.3% |
| Land and buildings | 22 | €705,105 | €683,938 | -€21,167 | -3.0% |
| Plant, machinery and equipment | 23 | €2,866 | €2,143 | -€723 | -25.2% |
| Furniture and vehicles | 24 | €39,052 | €100,861 | +€61,809 | +158% |
| Financial fixed assets | 28 | €12,339,980 | €12,329,980 | -€10,000 | -0.1% |
| Affiliated companies | 280/1 | €12,339,980 | €12,329,980 | -€10,000 | -0.1% |
| Participating interests | 280 | €12,339,980 | €12,329,980 | -€10,000 | -0.1% |
| Current assets | 29/58 | €7,089,705 | €25,143,999 | +€18.1m | +255% |
| Amounts receivable within one year | 40/41 | €4,174,170 | €12,174,696 | +€8.0m | +192% |
| Trade receivables | 40 | €698,956 | €11,539,622 | +€10.8m | +1,551% |
| Other amounts receivable | 41 | €3,475,214 | €635,074 | -€2.8m | -81.7% |
| Cash at bank and in hand | 54/58 | €2,908,666 | €12,960,495 | +€10.1m | +346% |
| Deferred charges and accrued income | 490/1 | €6,869 | €8,809 | +€1,940 | +28.2% |
| Total equity and liabilities | 10/49 | €20,322,239 | €38,738,891 | +€18.4m | +90.6% |
| Equity | 10/15 | €12,322,661 | €11,124,426 | -€1.2m | -9.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,312,661 | €11,114,426 | -€1.2m | -9.7% |
| Distributable reserves | 133 | €12,312,661 | €11,114,426 | -€1.2m | -9.7% |
| Amounts payable | 17/49 | €7,999,578 | €27,614,464 | +€19.6m | +245% |
| Amounts payable after more than one year | 17 | €1,586,964 | €174,033 | -€1.4m | -89.0% |
| Financial debts | 170/4 | €1,586,964 | €174,033 | -€1.4m | -89.0% |
| Subordinated loans | 170 | €1,400,000 | - | -€1.4m | |
| Credit institutions | 173 | €186,964 | €174,033 | -€12,931 | -6.9% |
| Amounts payable within one year | 42/48 | €6,412,614 | €27,434,818 | +€21.0m | +328% |
| Current portion of amounts payable after more than one year | 42 | €12,478 | €12,931 | +€453 | +3.6% |
| Trade debts | 44 | €573,309 | €5,542,168 | +€5.0m | +867% |
| Suppliers | 440/4 | €573,309 | €5,542,168 | +€5.0m | +867% |
| Taxes, remuneration and social security | 45 | €147,416 | €1,029,746 | +€882,330 | +599% |
| Taxes | 450/3 | €115,410 | €985,404 | +€869,994 | +754% |
| Remuneration and social security | 454/9 | €32,006 | €44,342 | +€12,336 | +38.5% |
| Other amounts payable | 47/48 | €5,679,410 | €20,849,974 | +€15.2m | +267% |
| Accrued charges and deferred income | 492/3 | - | €5,613 | +€5,613 | |
| Operating income | 70/76A | €2,914,313 | €29,613,632 | +€26.7m | +916% |
| Turnover | 70 | - | €29,448,875 | +€29.4m | |
| Other operating income | 74 | €2,914,313 | €164,757 | -€2.7m | -94.3% |
| Operating charges | 60/66A | €2,822,334 | €4,051,873 | +€1.2m | +43.6% |
| Services and other goods | 61 | €2,534,060 | €3,477,357 | +€943,297 | +37.2% |
| Remuneration, social security and pensions | 62 | €205,658 | €437,814 | +€232,156 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,686 | €122,504 | +€44,819 | +57.7% |
| Other operating charges | 640/8 | €4,930 | €4,928 | -€2 | 0.0% |
| Non-recurring operating charges | 66A | - | €9,269 | +€9,269 | |
| Operating profit (loss) | 9901 | €91,979 | €25,561,759 | +€25.5m | +27,691% |
| Financial income | 75/76B | €18,162,384 | €135,249 | -€18.0m | -99.3% |
| Recurring financial income | 75 | €18,162,384 | €131,803 | -€18.0m | -99.3% |
| Income from financial fixed assets | 750 | €17,800,814 | €68,196 | -€17.7m | -99.6% |
| Income from current assets | 751 | €149,325 | €63,607 | -€85,718 | -57.4% |
| Other financial income | 752/9 | €212,245 | €1 | -€212,244 | -100.0% |
| Non-recurring financial income | 76B | - | €3,446 | +€3,446 | |
| Financial charges | 65/66B | €388,666 | €88,192 | -€300,473 | -77.3% |
| Recurring financial charges | 65 | €384,787 | €88,192 | -€296,595 | -77.1% |
| Debt charges | 650 | €384,519 | €87,898 | -€296,621 | -77.1% |
| Other financial charges | 652/9 | €269 | €295 | +€26 | +9.7% |
| Non-recurring financial charges | 66B | €3,878 | - | -€3,878 | |
| Profit (loss) for the period before taxes | 9903 | €17,865,698 | €25,608,816 | +€7.7m | +43.3% |
| Income taxes | 67/77 | -€34,585 | €5,957,050 | +€6.0m | |
| Taxes | 670/3 | - | €5,957,050 | +€6.0m | |
| Tax adjustments and reversals of tax provisions | 77 | €34,585 | - | -€34,585 | |
| Profit (loss) for the period | 9904 | €17,900,283 | €19,651,766 | +€1.8m | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,900,283 | €19,651,766 | +€1.8m | +9.8% |
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 17 October 2026 via checked.be.