TIBERGYN: 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.
TIBERGYN
Largest movements
- Receivables within one year +€48,126
up €48,126 (+129%), from €37,409 to €85,536
of which Trade receivables: +€44,884
- Cash +€35,604
up €35,604 (+23.9%), from €149,106 to €184,710
mainly Net result for the year (+€133,500) and Trade debts (+€42,114)
- Tangible fixed assets -€26,388
down €26,388 (-26.5%), from €99,598 to €73,210
- Trade debts +€42,114
up €42,114 (+122%), from €34,621 to €76,736
- Reserves +€17,400
up €17,400 (+2.4%), from €727,636 to €745,036
of which Distributable reserves: +€17,400
- Gross operating margin +€7,691
up €7,691 (+3.1%), from €246,436 to €254,127
- Staff costs +€6,768
up €6,768 (+19.5%), from €34,690 to €41,457
- Financial charges +€5,855
up €5,855, from -€13 to €5,842
- Financial income -€3,024
down €3,024 (-19.4%), from €15,579 to €12,555
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 | €843,203 | €896,469 | +€53,266 | +6.3% |
| Fixed assets | 21/28 | €99,660 | €73,272 | -€26,388 | -26.5% |
| Tangible fixed assets | 22/27 | €99,598 | €73,210 | -€26,388 | -26.5% |
| Plant, machinery and equipment | 23 | €19,458 | €14,026 | -€5,431 | -27.9% |
| Furniture and vehicles | 24 | €31,351 | €19,694 | -€11,656 | -37.2% |
| Other tangible fixed assets | 26 | €48,790 | €39,489 | -€9,301 | -19.1% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €743,543 | €823,198 | +€79,655 | +10.7% |
| Stocks and contracts in progress | 3 | €3,636 | €7,126 | +€3,490 | +96.0% |
| Stocks | 30/36 | €3,636 | €7,126 | +€3,490 | +96.0% |
| Amounts receivable within one year | 40/41 | €37,409 | €85,536 | +€48,126 | +129% |
| Trade receivables | 40 | €26,891 | €71,775 | +€44,884 | +167% |
| Other amounts receivable | 41 | €10,519 | €13,761 | +€3,242 | +30.8% |
| Current investments | 50/53 | €544,086 | €539,086 | -€5,000 | -0.9% |
| Cash at bank and in hand | 54/58 | €149,106 | €184,710 | +€35,604 | +23.9% |
| Deferred charges and accrued income | 490/1 | €9,306 | €6,740 | -€2,566 | -27.6% |
| Total equity and liabilities | 10/49 | €843,203 | €896,469 | +€53,266 | +6.3% |
| Equity | 10/15 | €746,236 | €763,636 | +€17,400 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €727,636 | €745,036 | +€17,400 | +2.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €34,206 | €34,206 | = | 0.0% |
| Distributable reserves | 133 | €693,430 | €710,830 | +€17,400 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,967 | €132,833 | +€35,866 | +37.0% |
| Amounts payable within one year | 42/48 | €77,830 | €117,177 | +€39,347 | +50.6% |
| Trade debts | 44 | €34,621 | €76,736 | +€42,114 | +122% |
| Suppliers | 440/4 | €34,621 | €76,736 | +€42,114 | +122% |
| Taxes, remuneration and social security | 45 | €27,289 | €23,947 | -€3,342 | -12.2% |
| Taxes | 450/3 | €24,836 | €21,265 | -€3,572 | -14.4% |
| Remuneration and social security | 454/9 | €2,453 | €2,682 | +€229 | +9.3% |
| Other amounts payable | 47/48 | €15,919 | €16,495 | +€575 | +3.6% |
| Accrued charges and deferred income | 492/3 | €19,137 | €15,656 | -€3,481 | -18.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €34,690 | €41,457 | +€6,768 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,839 | €26,388 | +€1,549 | +6.2% |
| Other operating charges | 640/8 | €2,743 | €2,501 | -€242 | -8.8% |
| Gross operating margin | 9900 | €246,436 | €254,127 | +€7,691 | +3.1% |
| Operating profit (loss) | 9901 | €184,165 | €183,780 | -€385 | -0.2% |
| Financial income | 75/76B | €15,579 | €12,555 | -€3,024 | -19.4% |
| Recurring financial income | 75 | €15,579 | €12,555 | -€3,024 | -19.4% |
| Financial charges | 65/66B | -€13 | €5,842 | +€5,855 | |
| Recurring financial charges | 65 | -€13 | €5,842 | +€5,855 | |
| Profit (loss) for the period before taxes | 9903 | €199,758 | €190,494 | -€9,264 | -4.6% |
| Income taxes | 67/77 | €58,068 | €56,994 | -€1,073 | -1.8% |
| Profit (loss) for the period | 9904 | €141,690 | €133,500 | -€8,190 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €141,690 | €133,500 | -€8,190 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.