TIBETCO: what changed
Two fiscal 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.
TIBETCO
Largest movements
- Receivables within one year +€5,467
up €5,467 (+105.7%), from €5,172 to €10,639
of which Trade receivables: +€9,202
- Cash -€2,177
down €2,177 (-7.0%), from €31,014 to €28,837
mainly Other debts (-€22,177) and Receivables within one year (-€5,467)
- Tangible fixed assets -€430
down €430 (-22.6%), from €1,897 to €1,468
- Profit (loss) carried forward +€25,918
up €25,918 (+25.6%), from -€101,342 to -€75,423
- Other debts -€22,177
down €22,177 (-17.1%), from €129,765 to €107,589
- Trade debts -€612
down €612 (-73.4%), from €834 to €222
- Write-downs -€130,180
no longer reported in 2025 (was €130,180)
- Gross operating margin +€8,658
up €8,658 (+44.0%), from €19,687 to €28,345
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €38,084 | €40,944 | +€2,860 | +7.5% |
| Fixed assets | 21/28 | €1,897 | €1,468 | -€430 | -22.6% |
| Tangible fixed assets | 22/27 | €1,897 | €1,468 | -€430 | -22.6% |
| Plant, machinery and equipment | 23 | €1,897 | €1,468 | -€430 | -22.6% |
| Current assets | 29/58 | €36,186 | €39,476 | +€3,289 | +9.1% |
| Amounts receivable within one year | 40/41 | €5,172 | €10,639 | +€5,467 | +105.7% |
| Trade receivables | 40 | €1,437 | €10,639 | +€9,202 | +640.1% |
| Other amounts receivable | 41 | €3,735 | - | -€3,735 | |
| Cash at bank and in hand | 54/58 | €31,014 | €28,837 | -€2,177 | -7.0% |
| Total equity and liabilities | 10/49 | €38,084 | €40,944 | +€2,860 | +7.5% |
| Equity | 10/15 | -€93,342 | -€67,423 | +€25,918 | +27.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Capital | 10 | €8,000 | - | -€8,000 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €10,600 | - | -€10,600 | |
| Profit (loss) carried forward | 14 | -€101,342 | -€75,423 | +€25,918 | +25.6% |
| Amounts payable | 17/49 | €131,425 | €108,367 | -€23,059 | -17.5% |
| Amounts payable within one year | 42/48 | €131,425 | €108,367 | -€23,059 | -17.5% |
| Trade debts | 44 | €834 | €222 | -€612 | -73.4% |
| Suppliers | 440/4 | €834 | €222 | -€612 | -73.4% |
| Taxes, remuneration and social security | 45 | €827 | €556 | -€270 | -32.7% |
| Taxes | 450/3 | €827 | €556 | -€270 | -32.7% |
| Other amounts payable | 47/48 | €129,765 | €107,589 | -€22,177 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €430 | -€218 | -33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €130,180 | - | -€130,180 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | - | €1,853 | +€1,853 | |
| Gross operating margin | 9900 | €19,687 | €28,345 | +€8,658 | +44.0% |
| Operating profit (loss) | 9901 | -€111,528 | €26,063 | +€137,591 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €197 | €144 | -€53 | -26.8% |
| Recurring financial charges | 65 | €97 | €144 | +€47 | +48.8% |
| Non-recurring financial charges | 66B | €100 | - | -€100 | |
| Profit (loss) for the period before taxes | 9903 | -€111,724 | €25,918 | +€137,642 | |
| Income taxes | 67/77 | €137 | - | -€137 | |
| Profit (loss) for the period | 9904 | -€111,860 | €25,918 | +€137,779 | |
| Profit (loss) for the period to be appropriated | 9905 | -€111,860 | €25,918 | +€137,779 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.