TIB CONSTRUCT: 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.
TIB CONSTRUCT
Largest movements
- Receivables within one year -€55,068
down €55,068 (-60.3%), from €91,357 to €36,288
of which Other amounts receivable: -€57,622
- Tangible fixed assets +€4,633
up €4,633 (+19.6%), from €23,612 to €28,245
- Trade debts -€26,740
down €26,740 (-55.6%), from €48,066 to €21,326
- Profit (loss) carried forward -€15,458
down €15,458 (-70.0%), from €22,074 to €6,617
- Tax, wage and social debts -€8,155
down €8,155 (-33.2%), from €24,576 to €16,421
of which Taxes: -€9,783
- Turnover -€195,146
down €195,146 (-85.7%), from €227,791 to €32,645
- Purchases and services -€115,613
down €115,613 (-77.0%), from €150,139 to €34,525
- Gross operating margin -€79,533
down €79,533, from €77,653 to -€1,880
- Write-downs -€49,086
no longer reported in 2024 (was €49,086)
- Staff costs +€7,743
new in 2024: €7,743
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,587 | €87,234 | -€50,353 | -36.6% |
| Fixed assets | 21/28 | €23,612 | €28,245 | +€4,633 | +19.6% |
| Tangible fixed assets | 22/27 | €23,612 | €28,245 | +€4,633 | +19.6% |
| Furniture and vehicles | 24 | €23,612 | €28,245 | +€4,633 | +19.6% |
| Current assets | 29/58 | €113,975 | €58,989 | -€54,986 | -48.2% |
| Amounts receivable within one year | 40/41 | €91,357 | €36,288 | -€55,068 | -60.3% |
| Trade receivables | 40 | €600 | €3,153 | +€2,554 | +425.8% |
| Other amounts receivable | 41 | €90,757 | €33,135 | -€57,622 | -63.5% |
| Cash at bank and in hand | 54/58 | €5 | €87 | +€82 | +1758.3% |
| Deferred charges and accrued income | 490/1 | €22,614 | €22,614 | = | 0.0% |
| Total equity and liabilities | 10/49 | €137,587 | €87,234 | -€50,353 | -36.6% |
| Equity | 10/15 | €37,074 | €21,617 | -€15,458 | -41.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,074 | €6,617 | -€15,458 | -70.0% |
| Amounts payable | 17/49 | €100,513 | €65,618 | -€34,895 | -34.7% |
| Amounts payable after more than one year | 17 | €27,035 | €27,871 | +€836 | +3.1% |
| Financial debts | 170/4 | €27,035 | €27,871 | +€836 | +3.1% |
| Amounts payable within one year | 42/48 | €73,478 | €37,747 | -€35,731 | -48.6% |
| Financial debts | 43 | €836 | - | -€836 | |
| Credit institutions | 430/8 | €836 | - | -€836 | |
| Trade debts | 44 | €48,066 | €21,326 | -€26,740 | -55.6% |
| Suppliers | 440/4 | €48,066 | €21,326 | -€26,740 | -55.6% |
| Taxes, remuneration and social security | 45 | €24,576 | €16,421 | -€8,155 | -33.2% |
| Taxes | 450/3 | €24,576 | €14,793 | -€9,783 | -39.8% |
| Remuneration and social security | 454/9 | - | €1,628 | +€1,628 | |
| Turnover | 70 | €227,791 | €32,645 | -€195,146 | -85.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €150,139 | €34,525 | -€115,613 | -77.0% |
| Remuneration, social security and pensions | 62 | - | €7,743 | +€7,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,571 | €5,571 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,086 | - | -€49,086 | |
| Other operating charges | 640/8 | €459 | - | -€459 | |
| Gross operating margin | 9900 | €77,653 | -€1,880 | -€79,533 | |
| Operating profit (loss) | 9901 | €22,538 | -€15,194 | -€37,732 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €469 | €263 | -€206 | -43.9% |
| Recurring financial charges | 65 | €469 | €263 | -€206 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €22,074 | -€15,457 | -€37,532 | |
| Profit (loss) for the period | 9904 | €22,074 | -€15,457 | -€37,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,074 | -€15,457 | -€37,532 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.