TIBAS: what changed
Two fiscal 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.
TIBAS
Largest movements
- Tangible fixed assets +€117,805
up €117,805 (+279.8%), from €42,101 to €159,907
of which Leasing and similar rights: +€121,906
- Receivables within one year +€69,833
up €69,833 (+86.4%), from €80,826 to €150,658
of which Trade receivables: +€64,737
- Cash +€56,394
up €56,394 (+882.3%), from €6,392 to €62,785
mainly Debts after one year (+€97,873) and Net result for the year (+€67,854)
- Deferred charges and accrued income +€13,617
up €13,617 (+292.1%), from €4,661 to €18,278
- Debts after one year +€97,873
new in 2024: €97,873
- Reserves +€67,854
up €67,854 (+1438.8%), from €4,716 to €72,570
of which Distributable reserves: +€67,854
- Tax, wage and social debts +€47,859
up €47,859 (+174.3%), from €27,451 to €75,310
of which Remuneration and social security: +€49,581
- Current portion of long-term debt +€37,888
new in 2024: €37,888
- Trade debts +€11,928
up €11,928 (+14.3%), from €83,497 to €95,425
of which Suppliers: +€12,973
- Gross operating margin +€225,981
up €225,981 (+88.3%), from €256,057 to €482,038
- Staff costs +€36,602
up €36,602 (+10.6%), from €344,242 to €380,844
- Depreciation +€13,876
up €13,876 (+124.4%), from €11,158 to €25,034
- Other operating charges -€8,931
down €8,931 (-67.8%), from €13,181 to €4,250
- Financial charges +€5,429
up €5,429 (+2035.2%), from €267 to €5,696
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 | €175,664 | €432,066 | +€256,402 | +146.0% |
| Fixed assets | 21/28 | €45,826 | €163,882 | +€118,055 | +257.6% |
| Tangible fixed assets | 22/27 | €42,101 | €159,907 | +€117,805 | +279.8% |
| Plant, machinery and equipment | 23 | €5,089 | €5,679 | +€590 | +11.6% |
| Furniture and vehicles | 24 | €21,614 | €19,120 | -€2,494 | -11.5% |
| Leasing and similar rights | 25 | - | €121,906 | +€121,906 | |
| Other tangible fixed assets | 26 | €15,398 | €13,201 | -€2,197 | -14.3% |
| Financial fixed assets | 28 | €3,725 | €3,975 | +€250 | +6.7% |
| Current assets | 29/58 | €129,837 | €268,184 | +€138,347 | +106.6% |
| Stocks and contracts in progress | 3 | €37,959 | €36,462 | -€1,496 | -3.9% |
| Stocks | 30/36 | €37,959 | €36,462 | -€1,496 | -3.9% |
| Amounts receivable within one year | 40/41 | €80,826 | €150,658 | +€69,833 | +86.4% |
| Trade receivables | 40 | €71,687 | €136,424 | +€64,737 | +90.3% |
| Other amounts receivable | 41 | €9,139 | €14,235 | +€5,096 | +55.8% |
| Cash at bank and in hand | 54/58 | €6,392 | €62,785 | +€56,394 | +882.3% |
| Deferred charges and accrued income | 490/1 | €4,661 | €18,278 | +€13,617 | +292.1% |
| Total equity and liabilities | 10/49 | €175,664 | €432,066 | +€256,402 | +146.0% |
| Equity | 10/15 | €47,716 | €115,570 | +€67,854 | +142.2% |
| Contributions | 10/11 | €43,000 | €43,000 | = | 0.0% |
| Reserves | 13 | €4,716 | €72,570 | +€67,854 | +1438.8% |
| Non-distributable reserves | 130/1 | €4,300 | €4,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,300 | €4,300 | = | 0.0% |
| Distributable reserves | 133 | €416 | €68,270 | +€67,854 | +16308.8% |
| Amounts payable | 17/49 | €127,948 | €316,496 | +€188,548 | +147.4% |
| Amounts payable after more than one year | 17 | - | €97,873 | +€97,873 | |
| Financial debts | 170/4 | - | €97,873 | +€97,873 | |
| Amounts payable within one year | 42/48 | €127,948 | €218,623 | +€90,675 | +70.9% |
| Current portion of amounts payable after more than one year | 42 | - | €37,888 | +€37,888 | |
| Trade debts | 44 | €83,497 | €95,425 | +€11,928 | +14.3% |
| Suppliers | 440/4 | €82,452 | €95,425 | +€12,973 | +15.7% |
| Bills of exchange payable | 441 | €1,045 | €0 | -€1,045 | -100.0% |
| Taxes, remuneration and social security | 45 | €27,451 | €75,310 | +€47,859 | +174.3% |
| Taxes | 450/3 | €8,462 | €6,740 | -€1,722 | -20.4% |
| Remuneration and social security | 454/9 | €18,989 | €68,570 | +€49,581 | +261.1% |
| Other amounts payable | 47/48 | €17,000 | €10,000 | -€7,000 | -41.2% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €344,242 | €380,844 | +€36,602 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,158 | €25,034 | +€13,876 | +124.4% |
| Other operating charges | 640/8 | €13,181 | €4,250 | -€8,931 | -67.8% |
| Gross operating margin | 9900 | €256,057 | €482,038 | +€225,981 | +88.3% |
| Operating profit (loss) | 9901 | -€112,524 | €71,910 | +€184,434 | |
| Financial income | 75/76B | €601 | €2,177 | +€1,577 | +262.5% |
| Recurring financial income | 75 | €601 | €2,177 | +€1,577 | +262.5% |
| Financial charges | 65/66B | €267 | €5,696 | +€5,429 | +2035.2% |
| Recurring financial charges | 65 | €267 | €5,696 | +€5,429 | +2035.2% |
| Profit (loss) for the period before taxes | 9903 | -€112,190 | €68,392 | +€180,581 | |
| Income taxes | 67/77 | €468 | €538 | +€70 | +14.9% |
| Profit (loss) for the period | 9904 | -€112,657 | €67,854 | +€180,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,657 | €67,854 | +€180,512 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.