TIBERMONT: what changed
TIBERMONT
Largest movements
- Tangible fixed assets +€104,475
up €104,475 (+30.3%), from €345,247 to €449,722
- Receivables within one year -€39,154
down €39,154 (-57.7%), from €67,898 to €28,745
of which Trade receivables: -€35,258
- Cash -€32,480
down €32,480 (-90.8%), from €35,783 to €3,303
mainly Investment in fixed assets (net) (-€175,000) and Trade debts (-€30,416)
- Debts after one year +€45,965
up €45,965 (+22.2%), from €207,219 to €253,184
of which Financial debts: +€45,965
- Reserves +€30,787
up €30,787 (+40.6%), from €75,863 to €106,650
of which Distributable reserves: +€38,287
- Trade debts -€30,416
down €30,416 (-99.4%), from €30,589 to €172
- Other debts -€25,000
down €25,000 (-49.5%), from €50,542 to €25,542
- Current portion of long-term debt +€18,513
up €18,513 (+36.2%), from €51,156 to €69,669
- Gross operating margin -€19,866
down €19,866 (-16.0%), from €124,271 to €104,405
- Depreciation +€16,815
up €16,815 (+31.3%), from €53,710 to €70,525
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,065 | €487,534 | +€37,469 | +8.3% |
| Fixed assets | 21/28 | €345,247 | €449,722 | +€104,475 | +30.3% |
| Tangible fixed assets | 22/27 | €345,247 | €449,722 | +€104,475 | +30.3% |
| Plant, machinery and equipment | 23 | €345,247 | €449,722 | +€104,475 | +30.3% |
| Current assets | 29/58 | €104,818 | €37,812 | -€67,006 | -63.9% |
| Stocks and contracts in progress | 3 | - | €4,365 | +€4,365 | |
| Stocks | 30/36 | - | €4,365 | +€4,365 | |
| Amounts receivable within one year | 40/41 | €67,898 | €28,745 | -€39,154 | -57.7% |
| Trade receivables | 40 | €62,205 | €26,948 | -€35,258 | -56.7% |
| Other amounts receivable | 41 | €5,693 | €1,797 | -€3,896 | -68.4% |
| Cash at bank and in hand | 54/58 | €35,783 | €3,303 | -€32,480 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,136 | €1,399 | +€263 | +23.1% |
| Total equity and liabilities | 10/49 | €450,065 | €487,534 | +€37,469 | +8.3% |
| Equity | 10/15 | €94,463 | €125,250 | +€30,787 | +32.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,863 | €106,650 | +€30,787 | +40.6% |
| Tax-exempt reserves | 132 | €48,288 | €40,788 | -€7,500 | -15.5% |
| Distributable reserves | 133 | €27,575 | €65,863 | +€38,287 | +139% |
| Provisions and deferred taxes | 16 | €16,096 | €13,596 | -€2,500 | -15.5% |
| Deferred taxes | 168 | €16,096 | €13,596 | -€2,500 | -15.5% |
| Amounts payable | 17/49 | €339,506 | €348,688 | +€9,182 | +2.7% |
| Amounts payable after more than one year | 17 | €207,219 | €253,184 | +€45,965 | +22.2% |
| Financial debts | 170/4 | €151,511 | €197,476 | +€45,965 | +30.3% |
| Other amounts payable | 178/9 | €55,708 | €55,708 | = | 0.0% |
| Amounts payable within one year | 42/48 | €132,287 | €95,504 | -€36,783 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €51,156 | €69,669 | +€18,513 | +36.2% |
| Trade debts | 44 | €30,589 | €172 | -€30,416 | -99.4% |
| Suppliers | 440/4 | €30,589 | €172 | -€30,416 | -99.4% |
| Taxes, remuneration and social security | 45 | - | €120 | +€120 | |
| Taxes | 450/3 | - | €120 | +€120 | |
| Other amounts payable | 47/48 | €50,542 | €25,542 | -€25,000 | -49.5% |
| Non-recurring operating income | 76A | - | €1,625 | +€1,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,710 | €70,525 | +€16,815 | +31.3% |
| Gross operating margin | 9900 | €124,271 | €104,405 | -€19,866 | -16.0% |
| Operating profit (loss) | 9901 | €70,561 | €33,881 | -€36,681 | -52.0% |
| Financial charges | 65/66B | €4,417 | €5,593 | +€1,176 | +26.6% |
| Recurring financial charges | 65 | €4,417 | €5,593 | +€1,176 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €66,144 | €28,287 | -€37,857 | -57.2% |
| Transfer from deferred taxes | 780 | €1,404 | €2,500 | +€1,096 | +78.0% |
| Transfer to deferred taxes | 680 | €17,500 | - | -€17,500 | |
| Profit (loss) for the period | 9904 | €50,048 | €30,787 | -€19,261 | -38.5% |
| Transfer from tax-exempt reserves | 789 | €4,212 | €7,500 | +€3,288 | +78.0% |
| Transfer to tax-exempt reserves | 689 | €52,500 | - | -€52,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,761 | €38,287 | +€36,527 | +2,075% |
Next steps
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 2 November 2026 via checked.be.