TIBEL: what changed
What changed
TIBEL
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€35,381
2024 · €27,378+€8,003
Equity
€168,230
2024 · €132,849+€35,381
Cash
€100,027
2024 · €94,297+€5,730
Balance sheet total
€1.1m
2024 · €1.2m-€32,595
Largest movements
Assets
- Tangible fixed assets -€38,625
down €38,625 (-3.6%), from €1.1m to €1.0m
Equity and liabilities
- Debts after one year -€42,024
down €42,024 (-6.2%), from €677,651 to €635,627
- Profit (loss) carried forward +€37,415
up €37,415, from -€27,109 to €10,306
- Other debts -€22,000
down €22,000 (-8.3%), from €264,289 to €242,289
Income statement
- Gross operating margin +€10,514
up €10,514 (+10.9%), from €96,181 to €106,695
- Taxes +€1,899
up €1,899 (+17.7%), from €10,707 to €12,606
- Financial charges +€1,296
up €1,296 (+6.8%), from €19,025 to €20,321
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,378
Gross operating margin
+€10,514
Depreciation
-€102
Other operating charges
+€24
Financial income
+€762
Financial charges
-€1,296
Taxes
-€1,899
Result 2025
€35,381
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€52,172
Investment
€0
Financing
-€46,442
Cash 2024
€94,297
From operations (derived)
+€52,172
Net result for the year
+€35,381
Depreciation
+€38,625
Receivables within one year
+€1,375
Deferred charges and accrued income
-€1,675
Provisions
-€678
Trade debts
+€109
Other debts
-€22,000
Accrued charges and deferred income
+€1,035
Financing
-€46,442
Debts after one year
-€42,024
Current portion of long-term debt
-€4,418
Cash 2025
€100,027
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,155,558 | €1,122,963 | -€32,595 | -2.8% |
| Fixed assets | 21/28 | €1,059,683 | €1,021,058 | -€38,625 | -3.6% |
| Tangible fixed assets | 22/27 | €1,059,633 | €1,021,008 | -€38,625 | -3.6% |
| Land and buildings | 22 | €1,059,633 | €1,021,008 | -€38,625 | -3.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €95,875 | €101,905 | +€6,030 | +6.3% |
| Amounts receivable within one year | 40/41 | €1,578 | €203 | -€1,375 | -87.1% |
| Trade receivables | 40 | €1,127 | - | -€1,127 | |
| Other amounts receivable | 41 | €451 | €203 | -€248 | -55.0% |
| Cash at bank and in hand | 54/58 | €94,297 | €100,027 | +€5,730 | +6.1% |
| Deferred charges and accrued income | 490/1 | - | €1,675 | +€1,675 | |
| Total equity and liabilities | 10/49 | €1,155,558 | €1,122,963 | -€32,595 | -2.8% |
| Equity | 10/15 | €132,849 | €168,230 | +€35,381 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,358 | €139,324 | -€2,034 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,646 | €36,612 | -€2,034 | -5.3% |
| Distributable reserves | 133 | €100,852 | €100,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,109 | €10,306 | +€37,415 | |
| Provisions and deferred taxes | 16 | €12,882 | €12,204 | -€678 | -5.3% |
| Deferred taxes | 168 | €12,882 | €12,204 | -€678 | -5.3% |
| Amounts payable | 17/49 | €1,009,827 | €942,529 | -€67,298 | -6.7% |
| Amounts payable after more than one year | 17 | €677,651 | €635,627 | -€42,024 | -6.2% |
| Financial debts | 170/4 | €677,651 | €635,627 | -€42,024 | -6.2% |
| Amounts payable within one year | 42/48 | €325,626 | €299,317 | -€26,309 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €47,454 | €43,036 | -€4,418 | -9.3% |
| Trade debts | 44 | €3,176 | €3,285 | +€109 | +3.4% |
| Suppliers | 440/4 | €3,176 | €3,285 | +€109 | +3.4% |
| Taxes, remuneration and social security | 45 | €10,707 | €10,707 | = | 0.0% |
| Taxes | 450/3 | €10,707 | €10,707 | = | 0.0% |
| Other amounts payable | 47/48 | €264,289 | €242,289 | -€22,000 | -8.3% |
| Accrued charges and deferred income | 492/3 | €6,550 | €7,585 | +€1,035 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,523 | €38,625 | +€102 | +0.3% |
| Other operating charges | 640/8 | €1,226 | €1,202 | -€24 | -2.0% |
| Gross operating margin | 9900 | €96,181 | €106,695 | +€10,514 | +10.9% |
| Operating profit (loss) | 9901 | €56,432 | €66,868 | +€10,436 | +18.5% |
| Financial income | 75/76B | - | €762 | +€762 | |
| Recurring financial income | 75 | - | €762 | +€762 | |
| Financial charges | 65/66B | €19,025 | €20,321 | +€1,296 | +6.8% |
| Recurring financial charges | 65 | €19,025 | €20,321 | +€1,296 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €37,407 | €47,309 | +€9,902 | +26.5% |
| Transfer from deferred taxes | 780 | €678 | €678 | = | 0.0% |
| Income taxes | 67/77 | €10,707 | €12,606 | +€1,899 | +17.7% |
| Profit (loss) for the period | 9904 | €27,378 | €35,381 | +€8,003 | +29.2% |
| Transfer from tax-exempt reserves | 789 | €2,034 | €2,034 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,412 | €37,415 | +€8,003 | +27.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.