Tib'EAU: 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'EAU
Largest movements
- Cash +€39,739
up €39,739 (+176%), from €22,553 to €62,292
mainly Net result for the year (+€45,467) and Tax, wage and social debts (+€6,828)
- Stocks and contracts +€17,309
up €17,309 (+67.7%), from €25,554 to €42,864
- Tangible fixed assets -€5,059
down €5,059 (-26.1%), from €19,395 to €14,337
of which Furniture and vehicles: -€2,893
- Reserves +€45,467
up €45,467 (+193%), from €23,602 to €69,069
- Tax, wage and social debts +€6,828
up €6,828 (+789%), from €865 to €7,693
- Accrued charges and deferred income +€2,272
new in 2025: €2,272
- Gross operating margin +€29,645
up €29,645 (+73.8%), from €40,189 to €69,834
- Taxes +€9,780
up €9,780 (+163%), from €6,017 to €15,797
- Financial charges -€1,171
down €1,171 (-25.6%), from €4,580 to €3,408
- Depreciation -€839
down €839 (-14.2%), from €5,898 to €5,059
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 | €96,360 | €149,267 | +€52,907 | +54.9% |
| Fixed assets | 21/28 | €19,395 | €14,337 | -€5,059 | -26.1% |
| Tangible fixed assets | 22/27 | €19,395 | €14,337 | -€5,059 | -26.1% |
| Plant, machinery and equipment | 23 | €9,015 | €6,850 | -€2,165 | -24.0% |
| Furniture and vehicles | 24 | €10,380 | €7,487 | -€2,893 | -27.9% |
| Current assets | 29/58 | €76,965 | €134,931 | +€57,966 | +75.3% |
| Stocks and contracts in progress | 3 | €25,554 | €42,864 | +€17,309 | +67.7% |
| Stocks | 30/36 | €25,554 | €42,864 | +€17,309 | +67.7% |
| Amounts receivable within one year | 40/41 | €28,857 | €29,775 | +€918 | +3.2% |
| Trade receivables | 40 | €20,721 | €26,340 | +€5,619 | +27.1% |
| Other amounts receivable | 41 | €8,136 | €3,435 | -€4,701 | -57.8% |
| Cash at bank and in hand | 54/58 | €22,553 | €62,292 | +€39,739 | +176% |
| Total equity and liabilities | 10/49 | €96,360 | €149,267 | +€52,907 | +54.9% |
| Equity | 10/15 | €26,602 | €72,069 | +€45,467 | +171% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,602 | €69,069 | +€45,467 | +193% |
| Distributable reserves | 133 | €23,602 | €69,069 | +€45,467 | +193% |
| Amounts payable | 17/49 | €69,758 | €77,198 | +€7,440 | +10.7% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,758 | €34,926 | +€5,168 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €5,050 | €5,016 | -€34 | -0.7% |
| Trade debts | 44 | €2,267 | €795 | -€1,472 | -64.9% |
| Suppliers | 440/4 | €2,267 | €795 | -€1,472 | -64.9% |
| Taxes, remuneration and social security | 45 | €865 | €7,693 | +€6,828 | +789% |
| Taxes | 450/3 | €865 | €7,693 | +€6,828 | +789% |
| Other amounts payable | 47/48 | €21,576 | €21,422 | -€154 | -0.7% |
| Accrued charges and deferred income | 492/3 | - | €2,272 | +€2,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,898 | €5,059 | -€839 | -14.2% |
| Other operating charges | 640/8 | €1,009 | €751 | -€258 | -25.6% |
| Gross operating margin | 9900 | €40,189 | €69,834 | +€29,645 | +73.8% |
| Operating profit (loss) | 9901 | €33,281 | €64,024 | +€30,743 | +92.4% |
| Financial income | 75/76B | €917 | €648 | -€269 | -29.3% |
| Recurring financial income | 75 | €917 | €648 | -€269 | -29.3% |
| Financial charges | 65/66B | €4,580 | €3,408 | -€1,171 | -25.6% |
| Recurring financial charges | 65 | €4,580 | €3,408 | -€1,171 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €29,619 | €61,264 | +€31,645 | +107% |
| Income taxes | 67/77 | €6,017 | €15,797 | +€9,780 | +163% |
| Profit (loss) for the period | 9904 | €23,602 | €45,467 | +€21,865 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,602 | €45,467 | +€21,865 | +92.6% |
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 17 October 2026 via checked.be.