THRIBE MANUFACTURING: 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.
THRIBE MANUFACTURING
Largest movements
- Tangible fixed assets -€275,882
down €275,882 (-25.4%), from €1.1m to €808,469
of which Plant, machinery and equipment: -€271,471
- Cash +€204,604
up €204,604 (+22.3%), from €918,532 to €1.1m
mainly Depreciation (+€297,649) and Stocks and contracts (+€138,543)
- Receivables within one year +€175,423
up €175,423 (+30.6%), from €572,894 to €748,317
of which Trade receivables: +€417,390
- Stocks and contracts -€138,543
down €138,543 (-27.2%), from €509,872 to €371,329
- Reserves +€129,837
up €129,837 (+5.4%), from €2.4m to €2.5m
of which Distributable reserves: +€129,837
- Trade debts -€107,797
down €107,797 (-33.9%), from €317,746 to €209,949
- Other debts -€93,458
no longer reported in 2025 (was €93,458)
- Tax, wage and social debts +€33,761
up €33,761 (+36.5%), from €92,445 to €126,205
of which Taxes: +€66,952
- Depreciation +€223,745
up €223,745 (+303%), from €73,904 to €297,649
- Write-downs +€154,670
new in 2025: €154,670
- Taxes -€102,500
down €102,500 (-80.6%), from €127,150 to €24,651
- Staff costs -€62,975
down €62,975 (-10.7%), from €589,909 to €526,934
- Gross operating margin -€20,997
down €20,997 (-1.9%), from €1.1m to €1.1m
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 | €3,105,719 | €3,062,470 | -€43,250 | -1.4% |
| Fixed assets | 21/28 | €1,099,690 | €815,770 | -€283,920 | -25.8% |
| Intangible fixed assets | 21 | €15,339 | €7,301 | -€8,038 | -52.4% |
| Tangible fixed assets | 22/27 | €1,084,352 | €808,469 | -€275,882 | -25.4% |
| Plant, machinery and equipment | 23 | €1,029,069 | €757,598 | -€271,471 | -26.4% |
| Furniture and vehicles | 24 | €52,149 | €38,113 | -€14,036 | -26.9% |
| Other tangible fixed assets | 26 | €3,134 | €12,758 | +€9,625 | +307% |
| Current assets | 29/58 | €2,006,029 | €2,246,699 | +€240,670 | +12.0% |
| Stocks and contracts in progress | 3 | €509,872 | €371,329 | -€138,543 | -27.2% |
| Stocks | 30/36 | €509,872 | €371,329 | -€138,543 | -27.2% |
| Amounts receivable within one year | 40/41 | €572,894 | €748,317 | +€175,423 | +30.6% |
| Trade receivables | 40 | €154,477 | €571,867 | +€417,390 | +270% |
| Other amounts receivable | 41 | €418,417 | €176,450 | -€241,967 | -57.8% |
| Cash at bank and in hand | 54/58 | €918,532 | €1,123,136 | +€204,604 | +22.3% |
| Deferred charges and accrued income | 490/1 | €4,731 | €3,917 | -€814 | -17.2% |
| Total equity and liabilities | 10/49 | €3,105,719 | €3,062,470 | -€43,250 | -1.4% |
| Equity | 10/15 | €2,592,855 | €2,722,692 | +€129,837 | +5.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,392,855 | €2,522,692 | +€129,837 | +5.4% |
| Tax-exempt reserves | 132 | €421,000 | €421,000 | = | 0.0% |
| Distributable reserves | 133 | €1,971,855 | €2,101,692 | +€129,837 | +6.6% |
| Amounts payable | 17/49 | €512,865 | €339,778 | -€173,087 | -33.7% |
| Amounts payable after more than one year | 17 | €3,392 | - | -€3,392 | |
| Financial debts | 170/4 | €3,392 | - | -€3,392 | |
| Amounts payable within one year | 42/48 | €509,473 | €339,546 | -€169,926 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €5,824 | €3,392 | -€2,432 | -41.8% |
| Trade debts | 44 | €317,746 | €209,949 | -€107,797 | -33.9% |
| Suppliers | 440/4 | €317,746 | €209,949 | -€107,797 | -33.9% |
| Taxes, remuneration and social security | 45 | €92,445 | €126,205 | +€33,761 | +36.5% |
| Taxes | 450/3 | €19,161 | €86,113 | +€66,952 | +349% |
| Remuneration and social security | 454/9 | €73,284 | €40,092 | -€33,192 | -45.3% |
| Other amounts payable | 47/48 | €93,458 | - | -€93,458 | |
| Accrued charges and deferred income | 492/3 | - | €231 | +€231 | |
| Remuneration, social security and pensions | 62 | €589,909 | €526,934 | -€62,975 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,904 | €297,649 | +€223,745 | +303% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €154,670 | +€154,670 | |
| Other operating charges | 640/8 | €1,964 | €1,696 | -€267 | -13.6% |
| Gross operating margin | 9900 | €1,133,606 | €1,112,609 | -€20,997 | -1.9% |
| Operating profit (loss) | 9901 | €467,829 | €131,660 | -€336,170 | -71.9% |
| Financial income | 75/76B | €22,438 | €25,373 | +€2,935 | +13.1% |
| Recurring financial income | 75 | €22,438 | €25,373 | +€2,935 | +13.1% |
| Financial charges | 65/66B | €900 | €2,544 | +€1,644 | +183% |
| Recurring financial charges | 65 | €900 | €729 | -€171 | -19.0% |
| Non-recurring financial charges | 66B | - | €1,815 | +€1,815 | |
| Profit (loss) for the period before taxes | 9903 | €489,367 | €154,488 | -€334,879 | -68.4% |
| Income taxes | 67/77 | €127,150 | €24,651 | -€102,500 | -80.6% |
| Profit (loss) for the period | 9904 | €362,216 | €129,837 | -€232,379 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €362,216 | €129,837 | -€232,379 | -64.2% |
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 15 October 2026 via checked.be.