TIBATO: 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.
TIBATO
Largest movements
- Cash -€20,414
down €20,414 (-61.2%), from €33,377 to €12,962
mainly Investment in fixed assets (net) (-€15,470) and Net result for the year (-€7,968)
- Debts after one year -€6,332
no longer reported in 2025 (was €6,332)
- Profit (loss) carried forward -€4,268
down €4,268 (-7.9%), from €53,706 to €49,438
- Reserves -€3,700
down €3,700 (-7.0%), from €53,103 to €49,403
of which Tax-exempt reserves: -€3,700
- Current portion of long-term debt -€3,472
down €3,472 (-32.4%), from €10,703 to €7,231
- Gross operating margin -€3,816
down €3,816 (-28.6%), from €13,352 to €9,536
- Depreciation +€2,827
up €2,827 (+21.6%), from €13,066 to €15,893
- Taxes -€298
no longer reported in 2025 (was €298)
- Other operating charges +€220
up €220 (+19.3%), from €1,135 to €1,355
- Financial charges -€164
down €164 (-33.2%), from €493 to €329
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 | €201,654 | €182,707 | -€18,948 | -9.4% |
| Fixed assets | 21/28 | €164,541 | €164,118 | -€423 | -0.3% |
| Tangible fixed assets | 22/27 | €164,541 | €164,118 | -€423 | -0.3% |
| Land and buildings | 22 | €164,541 | €151,475 | -€13,066 | -7.9% |
| Furniture and vehicles | 24 | - | €12,643 | +€12,643 | |
| Current assets | 29/58 | €37,114 | €18,589 | -€18,525 | -49.9% |
| Amounts receivable within one year | 40/41 | €3,737 | €5,627 | +€1,889 | +50.6% |
| Trade receivables | 40 | €3,417 | €5,627 | +€2,209 | +64.7% |
| Other amounts receivable | 41 | €320 | - | -€320 | |
| Cash at bank and in hand | 54/58 | €33,377 | €12,962 | -€20,414 | -61.2% |
| Total equity and liabilities | 10/49 | €201,654 | €182,707 | -€18,948 | -9.4% |
| Equity | 10/15 | €137,327 | €129,359 | -€7,968 | -5.8% |
| Contributions | 10/11 | €30,518 | €30,518 | = | 0.0% |
| Reserves | 13 | €53,103 | €49,403 | -€3,700 | -7.0% |
| Tax-exempt reserves | 132 | €34,073 | €30,373 | -€3,700 | -10.9% |
| Distributable reserves | 133 | €19,030 | €19,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,706 | €49,438 | -€4,268 | -7.9% |
| Provisions and deferred taxes | 16 | €16,802 | €15,877 | -€925 | -5.5% |
| Deferred taxes | 168 | €16,802 | €15,877 | -€925 | -5.5% |
| Amounts payable | 17/49 | €47,526 | €37,471 | -€10,055 | -21.2% |
| Amounts payable after more than one year | 17 | €6,332 | - | -€6,332 | |
| Financial debts | 170/4 | €6,332 | - | -€6,332 | |
| Amounts payable within one year | 42/48 | €41,194 | €35,821 | -€5,373 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €10,703 | €7,231 | -€3,472 | -32.4% |
| Trade debts | 44 | €2,347 | €1,244 | -€1,102 | -47.0% |
| Suppliers | 440/4 | €2,347 | €1,244 | -€1,102 | -47.0% |
| Taxes, remuneration and social security | 45 | €2,791 | €1,993 | -€798 | -28.6% |
| Taxes | 450/3 | €2,791 | €1,993 | -€798 | -28.6% |
| Other amounts payable | 47/48 | €25,353 | €25,353 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,066 | €15,893 | +€2,827 | +21.6% |
| Other operating charges | 640/8 | €1,135 | €1,355 | +€220 | +19.3% |
| Non-recurring operating charges | 66A | - | €853 | +€853 | |
| Gross operating margin | 9900 | €13,352 | €9,536 | -€3,816 | -28.6% |
| Operating profit (loss) | 9901 | -€849 | -€8,564 | -€7,715 | -909% |
| Financial charges | 65/66B | €493 | €329 | -€164 | -33.2% |
| Recurring financial charges | 65 | €493 | €329 | -€164 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,342 | -€8,893 | -€7,551 | -563% |
| Transfer from deferred taxes | 780 | €925 | €925 | = | 0.0% |
| Income taxes | 67/77 | €298 | - | -€298 | |
| Profit (loss) for the period | 9904 | -€715 | -€7,968 | -€7,253 | -1,014% |
| Transfer from tax-exempt reserves | 789 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,985 | -€4,268 | -€7,253 |
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 15 October 2026 via checked.be.