Ti-Nebo: what changed
Ti-Nebo
Largest movements
- Financial fixed assets +€450,000
up €450,000 (+360%), from €125,000 to €575,000
- Receivables within one year +€30,723
up €30,723 (+31.5%), from €97,423 to €128,147
of which Other amounts receivable: +€28,891
- Cash -€22,864
down €22,864 (-50.0%), from €45,770 to €22,906
mainly Investment in fixed assets (net) (-€450,000) and Receivables within one year (-€30,723)
- Debts after one year +€269,733
up €269,733 (+197%), from €137,134 to €406,867
- Other debts +€78,958
up €78,958 (+953%), from €8,289 to €87,247
- Reserves +€62,994
up €62,994 (+33.6%), from €187,713 to €250,707
- Current portion of long-term debt +€32,724
up €32,724 (+190%), from €17,208 to €49,933
- Gross operating margin +€41,227
up €41,227 (+84.2%), from €48,967 to €90,194
- Taxes +€7,582
up €7,582 (+74.8%), from €10,139 to €17,721
- Financial charges +€5,744
up €5,744 (+408%), from €1,409 to €7,153
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,860 | €822,719 | +€452,859 | +122% |
| Fixed assets | 21/28 | €226,667 | €671,667 | +€445,000 | +196% |
| Tangible fixed assets | 22/27 | €101,667 | €96,667 | -€5,000 | -4.9% |
| Land and buildings | 22 | €101,667 | €96,667 | -€5,000 | -4.9% |
| Financial fixed assets | 28 | €125,000 | €575,000 | +€450,000 | +360% |
| Current assets | 29/58 | €143,193 | €151,052 | +€7,859 | +5.5% |
| Amounts receivable within one year | 40/41 | €97,423 | €128,147 | +€30,723 | +31.5% |
| Trade receivables | 40 | €14,611 | €16,444 | +€1,833 | +12.5% |
| Other amounts receivable | 41 | €82,813 | €111,703 | +€28,891 | +34.9% |
| Cash at bank and in hand | 54/58 | €45,770 | €22,906 | -€22,864 | -50.0% |
| Total equity and liabilities | 10/49 | €369,860 | €822,719 | +€452,859 | +122% |
| Equity | 10/15 | €200,113 | €263,107 | +€62,994 | +31.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €187,713 | €250,707 | +€62,994 | +33.6% |
| Distributable reserves | 133 | €187,713 | €250,707 | +€62,994 | +33.6% |
| Amounts payable | 17/49 | €169,747 | €559,612 | +€389,865 | +230% |
| Amounts payable after more than one year | 17 | €137,134 | €406,867 | +€269,733 | +197% |
| Financial debts | 170/4 | €137,134 | €406,867 | +€269,733 | +197% |
| Amounts payable within one year | 42/48 | €32,613 | €152,746 | +€120,133 | +368% |
| Current portion of amounts payable after more than one year | 42 | €17,208 | €49,933 | +€32,724 | +190% |
| Trade debts | 44 | €1,089 | €2,912 | +€1,823 | +167% |
| Suppliers | 440/4 | €1,089 | €2,912 | +€1,823 | +167% |
| Taxes, remuneration and social security | 45 | €6,026 | €12,654 | +€6,628 | +110% |
| Taxes | 450/3 | €6,026 | €12,654 | +€6,628 | +110% |
| Other amounts payable | 47/48 | €8,289 | €87,247 | +€78,958 | +953% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €5,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,104 | €1,217 | +€113 | +10.2% |
| Gross operating margin | 9900 | €48,967 | €90,194 | +€41,227 | +84.2% |
| Operating profit (loss) | 9901 | €42,864 | €83,977 | +€41,113 | +95.9% |
| Financial income | 75/76B | €3,394 | €3,891 | +€496 | +14.6% |
| Recurring financial income | 75 | €3,394 | €3,891 | +€496 | +14.6% |
| Financial charges | 65/66B | €1,409 | €7,153 | +€5,744 | +408% |
| Recurring financial charges | 65 | €1,409 | €7,153 | +€5,744 | +408% |
| Profit (loss) for the period before taxes | 9903 | €44,849 | €80,715 | +€35,866 | +80.0% |
| Income taxes | 67/77 | €10,139 | €17,721 | +€7,582 | +74.8% |
| Profit (loss) for the period | 9904 | €34,710 | €62,994 | +€28,284 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,710 | €62,994 | +€28,284 | +81.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.