TIBA: 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.
TIBA
Largest movements
- Tangible fixed assets -€35,435
down €35,435 (-7.8%), from €451,667 to €416,233
of which Land and buildings: -€34,446
- Stocks and contracts +€12,103
up €12,103 (+15.9%), from €76,077 to €88,180
- Deferred charges and accrued income -€7,205
down €7,205 (-31.2%), from €23,116 to €15,911
- Debts after one year -€25,885
down €25,885 (-9.6%), from €270,939 to €245,055
- Trade debts -€19,321
down €19,321 (-42.5%), from €45,505 to €26,183
- Other debts +€16,430
up €16,430 (+16.3%), from €101,043 to €117,473
- Tax, wage and social debts -€15,069
down €15,069 (-43.1%), from €34,930 to €19,861
of which Taxes: -€11,681
- Reserves +€9,861
up €9,861 (+6.6%), from €150,385 to €160,246
of which Distributable reserves: +€9,861
- Gross operating margin +€40,976
up €40,976 (+94.5%), from €43,340 to €84,316
- Depreciation +€9,188
up €9,188 (+25.8%), from €35,601 to €44,789
- Financial charges +€2,969
up €2,969 (+17.3%), from €17,187 to €20,156
- Other operating charges +€2,692
up €2,692 (+73.4%), from €3,668 to €6,360
- Staff costs +€1,578
new in 2025: €1,578
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 | €684,409 | €656,153 | -€28,256 | -4.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €451,667 | €416,233 | -€35,435 | -7.8% |
| Tangible fixed assets | 22/27 | €451,667 | €416,233 | -€35,435 | -7.8% |
| Land and buildings | 22 | €433,347 | €398,901 | -€34,446 | -7.9% |
| Plant, machinery and equipment | 23 | €13,805 | €12,522 | -€1,282 | -9.3% |
| Furniture and vehicles | 24 | €4,516 | €4,809 | +€294 | +6.5% |
| Current assets | 29/58 | €232,742 | €239,920 | +€7,178 | +3.1% |
| Stocks and contracts in progress | 3 | €76,077 | €88,180 | +€12,103 | +15.9% |
| Stocks | 30/36 | €76,077 | €88,180 | +€12,103 | +15.9% |
| Amounts receivable within one year | 40/41 | €131,195 | €134,573 | +€3,379 | +2.6% |
| Trade receivables | 40 | €130,348 | €129,233 | -€1,114 | -0.9% |
| Other amounts receivable | 41 | €847 | €5,340 | +€4,493 | +530% |
| Cash at bank and in hand | 54/58 | €2,354 | €1,256 | -€1,098 | -46.6% |
| Deferred charges and accrued income | 490/1 | €23,116 | €15,911 | -€7,205 | -31.2% |
| Total equity and liabilities | 10/49 | €684,409 | €656,153 | -€28,256 | -4.1% |
| Equity | 10/15 | €156,585 | €166,446 | +€9,861 | +6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,385 | €160,246 | +€9,861 | +6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €148,525 | €158,386 | +€9,861 | +6.6% |
| Amounts payable | 17/49 | €527,824 | €489,707 | -€38,118 | -7.2% |
| Amounts payable after more than one year | 17 | €270,939 | €245,055 | -€25,885 | -9.6% |
| Financial debts | 170/4 | €270,939 | €245,055 | -€25,885 | -9.6% |
| Amounts payable within one year | 42/48 | €256,885 | €244,652 | -€12,233 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €25,447 | €27,290 | +€1,843 | +7.2% |
| Financial debts | 43 | €49,961 | €53,845 | +€3,884 | +7.8% |
| Credit institutions | 430/8 | €49,961 | €53,845 | +€3,884 | +7.8% |
| Trade debts | 44 | €45,505 | €26,183 | -€19,321 | -42.5% |
| Suppliers | 440/4 | €45,505 | €26,183 | -€19,321 | -42.5% |
| Taxes, remuneration and social security | 45 | €34,930 | €19,861 | -€15,069 | -43.1% |
| Taxes | 450/3 | €31,460 | €19,778 | -€11,681 | -37.1% |
| Remuneration and social security | 454/9 | €3,470 | €83 | -€3,387 | -97.6% |
| Other amounts payable | 47/48 | €101,043 | €117,473 | +€16,430 | +16.3% |
| Remuneration, social security and pensions | 62 | - | €1,578 | +€1,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,601 | €44,789 | +€9,188 | +25.8% |
| Other operating charges | 640/8 | €3,668 | €6,360 | +€2,692 | +73.4% |
| Non-recurring operating charges | 66A | - | €1,065 | +€1,065 | |
| Gross operating margin | 9900 | €43,340 | €84,316 | +€40,976 | +94.5% |
| Operating profit (loss) | 9901 | €4,072 | €30,524 | +€26,452 | +650% |
| Financial income | 75/76B | €629 | €1 | -€629 | -99.9% |
| Recurring financial income | 75 | €629 | €1 | -€629 | -99.9% |
| Financial charges | 65/66B | €17,187 | €20,156 | +€2,969 | +17.3% |
| Recurring financial charges | 65 | €17,187 | €20,156 | +€2,969 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,486 | €10,369 | +€22,855 | |
| Income taxes | 67/77 | €573 | €507 | -€66 | -11.4% |
| Profit (loss) for the period | 9904 | -€13,059 | €9,861 | +€22,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,059 | €9,861 | +€22,920 |
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 20 October 2026 via checked.be.