TIBALISE: 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.
TIBALISE
Largest movements
- Cash -€56,415
down €56,415 (-57.6%), from €97,994 to €41,580
mainly Contributions, distributions and other (-€129,111) and Net result for the year (-€39,640)
- Receivables within one year -€9,202
down €9,202 (-21.7%), from €42,468 to €33,265
of which Trade receivables: -€10,358
- Reserves -€129,111
down €129,111 (-100%), from €129,111 to €0
- Other debts +€106,025
up €106,025 (+1,758%), from €6,030 to €112,055
- Profit (loss) carried forward -€39,640
new in 2025: -€39,640
- Tax, wage and social debts -€2,647
down €2,647 (-85.0%), from €3,115 to €468
of which Taxes: -€2,647
- Trade debts -€1,834
down €1,834 (-62.6%), from €2,929 to €1,095
- Gross operating margin -€65,758
down €65,758, from €29,126 to -€36,632
- Taxes -€5,818
down €5,818 (-100%), from €5,818 to €0
- Depreciation +€744
up €744 (+51.7%), from €1,438 to €2,182
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 | €152,179 | €85,259 | -€66,920 | -44.0% |
| Formation expenses | 20 | €116 | €0 | -€116 | -100% |
| Fixed assets | 21/28 | €11,167 | €9,876 | -€1,291 | -11.6% |
| Tangible fixed assets | 22/27 | €10,667 | €9,376 | -€1,291 | -12.1% |
| Plant, machinery and equipment | 23 | €4,633 | €4,828 | +€195 | +4.2% |
| Furniture and vehicles | 24 | €6,034 | €4,548 | -€1,486 | -24.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €140,896 | €75,383 | -€65,513 | -46.5% |
| Amounts receivable within one year | 40/41 | €42,468 | €33,265 | -€9,202 | -21.7% |
| Trade receivables | 40 | €19,116 | €8,758 | -€10,358 | -54.2% |
| Other amounts receivable | 41 | €23,352 | €24,507 | +€1,155 | +4.9% |
| Cash at bank and in hand | 54/58 | €97,994 | €41,580 | -€56,415 | -57.6% |
| Deferred charges and accrued income | 490/1 | €434 | €538 | +€104 | +24.0% |
| Total equity and liabilities | 10/49 | €152,179 | €85,259 | -€66,920 | -44.0% |
| Equity | 10/15 | €139,111 | -€29,640 | -€168,751 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €129,111 | €0 | -€129,111 | -100% |
| Distributable reserves | 133 | €129,111 | €0 | -€129,111 | -100% |
| Profit (loss) carried forward | 14 | - | -€39,640 | -€39,640 | |
| Amounts payable | 17/49 | €13,068 | €114,899 | +€101,831 | +779% |
| Amounts payable within one year | 42/48 | €12,074 | €113,618 | +€101,544 | +841% |
| Trade debts | 44 | €2,929 | €1,095 | -€1,834 | -62.6% |
| Suppliers | 440/4 | €2,929 | €1,095 | -€1,834 | -62.6% |
| Taxes, remuneration and social security | 45 | €3,115 | €468 | -€2,647 | -85.0% |
| Taxes | 450/3 | €3,115 | €468 | -€2,647 | -85.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,030 | €112,055 | +€106,025 | +1,758% |
| Accrued charges and deferred income | 492/3 | €994 | €1,282 | +€288 | +28.9% |
| Remuneration, social security and pensions | 62 | €891 | €657 | -€233 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,438 | €2,182 | +€744 | +51.7% |
| Other operating charges | 640/8 | €728 | €400 | -€328 | -45.1% |
| Gross operating margin | 9900 | €29,126 | -€36,632 | -€65,758 | |
| Operating profit (loss) | 9901 | €26,069 | -€39,871 | -€65,940 | |
| Financial income | 75/76B | €328 | €452 | +€124 | +37.6% |
| Recurring financial income | 75 | €328 | €452 | +€124 | +37.6% |
| Financial charges | 65/66B | €292 | €221 | -€71 | -24.2% |
| Recurring financial charges | 65 | €292 | €221 | -€71 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €26,106 | -€39,640 | -€65,746 | |
| Income taxes | 67/77 | €5,818 | €0 | -€5,818 | -100% |
| Profit (loss) for the period | 9904 | €20,288 | -€39,640 | -€59,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,288 | -€39,640 | -€59,928 |
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 23 October 2026 via checked.be.