TIBEL -COM: 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.
TIBEL -COM
Largest movements
- Receivables within one year +€12,454
up €12,454 (+20.2%), from €61,552 to €74,007
of which Other amounts receivable: +€11,712
- Tangible fixed assets -€4,878
down €4,878 (-29.8%), from €16,361 to €11,483
- Cash +€2,866
up €2,866 (+34.1%), from €8,402 to €11,268
mainly Net result for the year (+€31,606) and Other debts (+€6,000)
- Profit (loss) carried forward +€7,606
up €7,606 (+17.9%), from €42,379 to €49,985
- Other debts +€6,000
up €6,000 (+33.3%), from €18,000 to €24,000
- Trade debts -€2,021
down €2,021 (-88.6%), from €2,280 to €259
- Tax, wage and social debts -€1,043
down €1,043 (-8.9%), from €11,732 to €10,689
of which Remuneration and social security: -€1,896
- Gross operating margin +€13,562
up €13,562 (+45.2%), from €30,016 to €43,577
- Purchases and services -€11,904
down €11,904 (-17.1%), from €69,532 to €57,628
- Taxes +€2,756
up €2,756 (+69.6%), from €3,959 to €6,715
- Turnover +€1,658
up €1,658 (+1.7%), from €99,547 to €101,205
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 | €87,151 | €97,693 | +€10,542 | +12.1% |
| Fixed assets | 21/28 | €16,661 | €11,783 | -€4,878 | -29.3% |
| Tangible fixed assets | 22/27 | €16,361 | €11,483 | -€4,878 | -29.8% |
| Furniture and vehicles | 24 | €16,361 | €11,483 | -€4,878 | -29.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €70,490 | €85,909 | +€15,419 | +21.9% |
| Amounts receivable within one year | 40/41 | €61,552 | €74,007 | +€12,454 | +20.2% |
| Trade receivables | 40 | €3,494 | €4,236 | +€743 | +21.3% |
| Other amounts receivable | 41 | €58,059 | €69,770 | +€11,712 | +20.2% |
| Cash at bank and in hand | 54/58 | €8,402 | €11,268 | +€2,866 | +34.1% |
| Deferred charges and accrued income | 490/1 | €535 | €634 | +€99 | +18.5% |
| Total equity and liabilities | 10/49 | €87,151 | €97,693 | +€10,542 | +12.1% |
| Equity | 10/15 | €55,139 | €62,745 | +€7,606 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,560 | €6,560 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,700 | €4,700 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,379 | €49,985 | +€7,606 | +17.9% |
| Amounts payable | 17/49 | €32,012 | €34,948 | +€2,936 | +9.2% |
| Amounts payable within one year | 42/48 | €32,012 | €34,948 | +€2,936 | +9.2% |
| Trade debts | 44 | €2,280 | €259 | -€2,021 | -88.6% |
| Suppliers | 440/4 | €2,280 | €259 | -€2,021 | -88.6% |
| Taxes, remuneration and social security | 45 | €11,732 | €10,689 | -€1,043 | -8.9% |
| Taxes | 450/3 | €5,863 | €6,715 | +€853 | +14.5% |
| Remuneration and social security | 454/9 | €5,870 | €3,974 | -€1,896 | -32.3% |
| Other amounts payable | 47/48 | €18,000 | €24,000 | +€6,000 | +33.3% |
| Turnover | 70 | €99,547 | €101,205 | +€1,658 | +1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €69,532 | €57,628 | -€11,904 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,878 | €4,878 | = | 0.0% |
| Other operating charges | 640/8 | €524 | €291 | -€233 | -44.4% |
| Gross operating margin | 9900 | €30,016 | €43,577 | +€13,562 | +45.2% |
| Operating profit (loss) | 9901 | €24,614 | €38,409 | +€13,795 | +56.0% |
| Financial income | 75/76B | €181 | €12 | -€169 | -93.6% |
| Recurring financial income | 75 | €181 | €12 | -€169 | -93.6% |
| Financial charges | 65/66B | €56 | €99 | +€43 | +75.7% |
| Recurring financial charges | 65 | €56 | €99 | +€43 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €24,738 | €38,321 | +€13,583 | +54.9% |
| Income taxes | 67/77 | €3,959 | €6,715 | +€2,756 | +69.6% |
| Profit (loss) for the period | 9904 | €20,779 | €31,606 | +€10,827 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,779 | €31,606 | +€10,827 | +52.1% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.