TIBATO CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Tangible fixed assets -€33,150
down €33,150 (-23.6%), from €140,356 to €107,206
of which Furniture and vehicles: -€17,119
- Receivables within one year +€21,459
up €21,459 (+87.0%), from €24,672 to €46,131
of which Trade receivables: +€14,918
- Cash -€5,291
down €5,291 (-2.0%), from €269,654 to €264,363
mainly Receivables within one year (-€21,459) and Contributions, distributions and other (-€10,526)
- Reserves -€10,526
down €10,526 (-2.9%), from €367,459 to €356,932
- Tax, wage and social debts -€6,959
down €6,959 (-51.5%), from €13,519 to €6,560
of which Taxes: -€10,239
- Gross operating margin -€84,949
down €84,949 (-70.4%), from €120,638 to €35,689
- Taxes -€24,909
down €24,909 (-99.1%), from €25,128 to €218
- Depreciation +€4,137
up €4,137 (+14.3%), from €29,013 to €33,150
- Financial income -€2,661
down €2,661 (-78.2%), from €3,402 to €741
- Staff costs -€1,400
down €1,400 (-100.0%), from €1,400 to €0
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.
Cash bridge derived
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 | €435,435 | €418,478 | -€16,957 | -3.9% |
| Fixed assets | 21/28 | €140,356 | €107,206 | -€33,150 | -23.6% |
| Tangible fixed assets | 22/27 | €140,356 | €107,206 | -€33,150 | -23.6% |
| Land and buildings | 22 | €30,285 | €30,285 | = | 0.0% |
| Plant, machinery and equipment | 23 | €36,965 | €20,934 | -€16,031 | -43.4% |
| Furniture and vehicles | 24 | €73,106 | €55,987 | -€17,119 | -23.4% |
| Current assets | 29/58 | €295,079 | €311,273 | +€16,193 | +5.5% |
| Amounts receivable within one year | 40/41 | €24,672 | €46,131 | +€21,459 | +87.0% |
| Trade receivables | 40 | €16,463 | €31,381 | +€14,918 | +90.6% |
| Other amounts receivable | 41 | €8,209 | €14,750 | +€6,540 | +79.7% |
| Cash at bank and in hand | 54/58 | €269,654 | €264,363 | -€5,291 | -2.0% |
| Deferred charges and accrued income | 490/1 | €753 | €778 | +€25 | +3.4% |
| Total equity and liabilities | 10/49 | €435,435 | €418,478 | -€16,957 | -3.9% |
| Equity | 10/15 | €411,308 | €400,622 | -€10,686 | -2.6% |
| Contributions | 10/11 | €43,850 | €43,850 | = | 0.0% |
| Reserves | 13 | €367,459 | €356,932 | -€10,526 | -2.9% |
| Distributable reserves | 133 | €367,459 | €356,932 | -€10,526 | -2.9% |
| Profit (loss) carried forward | 14 | - | -€160 | -€160 | |
| Amounts payable | 17/49 | €24,127 | €17,856 | -€6,271 | -26.0% |
| Amounts payable within one year | 42/48 | €24,127 | €17,856 | -€6,271 | -26.0% |
| Trade debts | 44 | €7,154 | €3,620 | -€3,534 | -49.4% |
| Suppliers | 440/4 | €7,154 | €3,620 | -€3,534 | -49.4% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €13,519 | €6,560 | -€6,959 | -51.5% |
| Taxes | 450/3 | €10,239 | €0 | -€10,239 | -100.0% |
| Remuneration and social security | 454/9 | €3,280 | €6,560 | +€3,280 | +100.0% |
| Other amounts payable | 47/48 | €3,453 | €4,676 | +€1,223 | +35.4% |
| Remuneration, social security and pensions | 62 | €1,400 | €0 | -€1,400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,013 | €33,150 | +€4,137 | +14.3% |
| Other operating charges | 640/8 | €2,122 | €3,183 | +€1,060 | +50.0% |
| Gross operating margin | 9900 | €120,638 | €35,689 | -€84,949 | -70.4% |
| Operating profit (loss) | 9901 | €88,102 | -€644 | -€88,746 | |
| Financial income | 75/76B | €3,402 | €741 | -€2,661 | -78.2% |
| Recurring financial income | 75 | €3,402 | €741 | -€2,661 | -78.2% |
| Financial charges | 65/66B | €64 | €39 | -€26 | -40.0% |
| Recurring financial charges | 65 | €64 | €39 | -€26 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €91,440 | €59 | -€91,381 | -99.9% |
| Income taxes | 67/77 | €25,128 | €218 | -€24,909 | -99.1% |
| Profit (loss) for the period | 9904 | €66,312 | -€160 | -€66,472 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,312 | -€160 | -€66,472 |
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 12 October 2026 via checked.be.