TIBECRI: 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.
TIBECRI
Largest movements
- Tangible fixed assets -€36,410
down €36,410 (-31.3%), from €116,449 to €80,039
of which Other tangible fixed assets: -€33,765
- Cash +€17,395
up €17,395 (+35.6%), from €48,887 to €66,282
mainly Depreciation (+€36,469) and Tax, wage and social debts (+€31,852)
- Deferred charges and accrued income -€8,741
no longer reported in 2024 (was €8,741)
- Stocks and contracts -€4,482
down €4,482 (-12.2%), from €36,725 to €32,243
- Receivables within one year -€2,401
down €2,401 (-11.3%), from €21,262 to €18,861
of which Trade receivables: -€8,678
- Profit (loss) carried forward -€69,185
down €69,185 (-20.3%), from -€340,927 to -€410,113
- Tax, wage and social debts +€31,852
up €31,852 (+51.4%), from €61,982 to €93,834
of which Taxes: +€27,188
- Trade debts +€29,421
up €29,421 (+33.8%), from €87,018 to €116,439
of which Bills of exchange payable: +€26,022
- Debts after one year -€27,781
down €27,781 (-15.0%), from €185,343 to €157,562
of which Financial debts: -€28,311
- Gross operating margin -€47,864
down €47,864 (-22.9%), from €209,340 to €161,476
- Staff costs -€32,679
down €32,679 (-15.4%), from €211,764 to €179,085
- Financial charges -€31,907
down €31,907 (-81.7%), from €39,069 to €7,162
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 | €232,960 | €198,262 | -€34,698 | -14.9% |
| Formation expenses | 20 | €747 | €688 | -€58 | -7.8% |
| Fixed assets | 21/28 | €116,599 | €80,189 | -€36,410 | -31.2% |
| Tangible fixed assets | 22/27 | €116,449 | €80,039 | -€36,410 | -31.3% |
| Plant, machinery and equipment | 23 | €1,817 | €1,024 | -€793 | -43.6% |
| Furniture and vehicles | 24 | €9,790 | €7,937 | -€1,853 | -18.9% |
| Other tangible fixed assets | 26 | €104,842 | €71,077 | -€33,765 | -32.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €115,614 | €117,385 | +€1,771 | +1.5% |
| Stocks and contracts in progress | 3 | €36,725 | €32,243 | -€4,482 | -12.2% |
| Stocks | 30/36 | €36,725 | €32,243 | -€4,482 | -12.2% |
| Amounts receivable within one year | 40/41 | €21,262 | €18,861 | -€2,401 | -11.3% |
| Trade receivables | 40 | €20,024 | €11,345 | -€8,678 | -43.3% |
| Other amounts receivable | 41 | €1,238 | €7,516 | +€6,278 | +507.1% |
| Cash at bank and in hand | 54/58 | €48,887 | €66,282 | +€17,395 | +35.6% |
| Deferred charges and accrued income | 490/1 | €8,741 | - | -€8,741 | |
| Total equity and liabilities | 10/49 | €232,960 | €198,262 | -€34,698 | -14.9% |
| Equity | 10/15 | -€130,236 | -€199,421 | -€69,185 | -53.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €148,691 | €148,691 | = | 0.0% |
| Tax-exempt reserves | 132 | €148,691 | €148,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,927 | -€410,113 | -€69,185 | -20.3% |
| Amounts payable | 17/49 | €363,196 | €397,684 | +€34,488 | +9.5% |
| Amounts payable after more than one year | 17 | €185,343 | €157,562 | -€27,781 | -15.0% |
| Financial debts | 170/4 | €97,743 | €69,432 | -€28,311 | -29.0% |
| Other amounts payable | 178/9 | €87,600 | €88,130 | +€530 | +0.6% |
| Amounts payable within one year | 42/48 | €177,853 | €238,584 | +€60,732 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €28,852 | €28,311 | -€541 | -1.9% |
| Trade debts | 44 | €87,018 | €116,439 | +€29,421 | +33.8% |
| Suppliers | 440/4 | €78,344 | €81,743 | +€3,399 | +4.3% |
| Bills of exchange payable | 441 | €8,674 | €34,696 | +€26,022 | +300.0% |
| Taxes, remuneration and social security | 45 | €61,982 | €93,834 | +€31,852 | +51.4% |
| Taxes | 450/3 | €29,829 | €57,017 | +€27,188 | +91.1% |
| Remuneration and social security | 454/9 | €32,153 | €36,818 | +€4,664 | +14.5% |
| Accrued charges and deferred income | 492/3 | - | €1,537 | +€1,537 | |
| Remuneration, social security and pensions | 62 | €211,764 | €179,085 | -€32,679 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,083 | €36,469 | -€615 | -1.7% |
| Other operating charges | 640/8 | €7,212 | €7,945 | +€733 | +10.2% |
| Gross operating margin | 9900 | €209,340 | €161,476 | -€47,864 | -22.9% |
| Operating profit (loss) | 9901 | -€46,719 | -€62,023 | -€15,304 | -32.8% |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €39,069 | €7,162 | -€31,907 | -81.7% |
| Recurring financial charges | 65 | €39,069 | €7,162 | -€31,907 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | -€85,756 | -€69,185 | +€16,570 | +19.3% |
| Income taxes | 67/77 | €226 | - | -€226 | |
| Profit (loss) for the period | 9904 | -€85,981 | -€69,185 | +€16,796 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,981 | -€69,185 | +€16,796 | +19.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.