TIBERMONT: 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.
TIBERMONT
Largest movements
- Stocks and contracts +€72,823
up €72,823 (+16.4%), from €444,519 to €517,342
- Receivables within one year -€53,605
down €53,605 (-79.4%), from €67,490 to €13,886
of which Trade receivables: -€31,042
- Cash +€41,515
up €41,515 (+77.0%), from €53,932 to €95,447
mainly Net result for the year (+€93,470) and Other debts (+€60,170)
- Other debts +€60,170
up €60,170 (+54.2%), from €111,006 to €171,176
- Tax, wage and social debts +€23,640
up €23,640 (+49.0%), from €48,272 to €71,913
of which Taxes: +€34,008
- Reserves -€16,476
down €16,476 (-3.1%), from €523,993 to €507,518
of which Distributable reserves: -€16,476
- Staff costs -€96,952
down €96,952 (-50.5%), from €191,957 to €95,005
- Taxes +€32,301
up €32,301 (+260.3%), from €12,409 to €44,710
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 | €915,646 | €976,930 | +€61,284 | +6.7% |
| Fixed assets | 21/28 | €342,247 | €341,489 | -€758 | -0.2% |
| Tangible fixed assets | 22/27 | €337,394 | €331,499 | -€5,895 | -1.7% |
| Land and buildings | 22 | €300,600 | €282,162 | -€18,438 | -6.1% |
| Plant, machinery and equipment | 23 | €33,425 | €46,300 | +€12,875 | +38.5% |
| Furniture and vehicles | 24 | €3,369 | €825 | -€2,544 | -75.5% |
| Leasing and similar rights | 25 | - | €2,213 | +€2,213 | |
| Financial fixed assets | 28 | €4,853 | €9,990 | +€5,137 | +105.8% |
| Current assets | 29/58 | €573,399 | €635,442 | +€62,042 | +10.8% |
| Stocks and contracts in progress | 3 | €444,519 | €517,342 | +€72,823 | +16.4% |
| Stocks | 30/36 | €444,519 | €517,342 | +€72,823 | +16.4% |
| Amounts receivable within one year | 40/41 | €67,490 | €13,886 | -€53,605 | -79.4% |
| Trade receivables | 40 | €37,336 | €6,295 | -€31,042 | -83.1% |
| Other amounts receivable | 41 | €30,154 | €7,591 | -€22,563 | -74.8% |
| Cash at bank and in hand | 54/58 | €53,932 | €95,447 | +€41,515 | +77.0% |
| Deferred charges and accrued income | 490/1 | €7,458 | €8,767 | +€1,310 | +17.6% |
| Total equity and liabilities | 10/49 | €915,646 | €976,930 | +€61,284 | +6.7% |
| Equity | 10/15 | €530,193 | €513,718 | -€16,476 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €523,993 | €507,518 | -€16,476 | -3.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €522,133 | €505,658 | -€16,476 | -3.2% |
| Amounts payable | 17/49 | €385,453 | €463,212 | +€77,760 | +20.2% |
| Amounts payable after more than one year | 17 | €2,981 | - | -€2,981 | |
| Financial debts | 170/4 | €2,981 | - | -€2,981 | |
| Amounts payable within one year | 42/48 | €382,472 | €463,212 | +€80,741 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €5,071 | €2,981 | -€2,089 | -41.2% |
| Trade debts | 44 | €218,123 | €217,143 | -€980 | -0.4% |
| Suppliers | 440/4 | €218,123 | €217,143 | -€980 | -0.4% |
| Taxes, remuneration and social security | 45 | €48,272 | €71,913 | +€23,640 | +49.0% |
| Taxes | 450/3 | €15,402 | €49,411 | +€34,008 | +220.8% |
| Remuneration and social security | 454/9 | €32,870 | €22,502 | -€10,368 | -31.5% |
| Other amounts payable | 47/48 | €111,006 | €171,176 | +€60,170 | +54.2% |
| Remuneration, social security and pensions | 62 | €191,957 | €95,005 | -€96,952 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,367 | €27,117 | -€1,250 | -4.4% |
| Other operating charges | 640/8 | €8,585 | €9,202 | +€617 | +7.2% |
| Non-recurring operating charges | 66A | €191 | €11,184 | +€10,993 | +5755.5% |
| Gross operating margin | 9900 | €291,723 | €294,021 | +€2,298 | +0.8% |
| Operating profit (loss) | 9901 | €62,623 | €151,513 | +€88,890 | +141.9% |
| Financial income | 75/76B | €1,171 | €326 | -€845 | -72.2% |
| Recurring financial income | 75 | €1,171 | €326 | -€845 | -72.2% |
| Financial charges | 65/66B | €10,951 | €13,658 | +€2,708 | +24.7% |
| Recurring financial charges | 65 | €10,951 | €13,185 | +€2,234 | +20.4% |
| Non-recurring financial charges | 66B | - | €473 | +€473 | |
| Profit (loss) for the period before taxes | 9903 | €52,843 | €138,180 | +€85,337 | +161.5% |
| Income taxes | 67/77 | €12,409 | €44,710 | +€32,301 | +260.3% |
| Profit (loss) for the period | 9904 | €40,434 | €93,470 | +€53,036 | +131.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,434 | €93,470 | +€53,036 | +131.2% |
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.