TIBEVA: 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.
TIBEVA
Largest movements
- Receivables within one year +€222,302
up €222,302 (+385.5%), from €57,666 to €279,968
of which Trade receivables: +€229,761
- Other debts +€1.0m
up €1.0m (+30263.1%), from €3,378 to €1.0m
- Reserves -€778,209
down €778,209 (-48.7%), from €1.6m to €820,675
of which Distributable reserves: -€776,349
- Debts after one year -€67,101
down €67,101 (-14.4%), from €465,863 to €398,763
- Financial income +€500,000
up €500,000 (+135135229.7%), from €0 to €500,001
- Gross operating margin +€126,403
up €126,403 (+38.8%), from €325,730 to €452,133
- Taxes +€35,150
up €35,150 (+56.0%), from €62,749 to €97,899
- Financial charges +€12,351
up €12,351 (+78.2%), from €15,801 to €28,152
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 | €2,159,677 | €2,360,868 | +€201,191 | +9.3% |
| Fixed assets | 21/28 | €2,082,796 | €2,062,750 | -€20,046 | -1.0% |
| Tangible fixed assets | 22/27 | €1,782,096 | €1,758,713 | -€23,384 | -1.3% |
| Land and buildings | 22 | €1,779,959 | €1,756,045 | -€23,915 | -1.3% |
| Furniture and vehicles | 24 | €2,137 | €2,668 | +€531 | +24.9% |
| Financial fixed assets | 28 | €300,700 | €304,038 | +€3,338 | +1.1% |
| Current assets | 29/58 | €76,881 | €298,118 | +€221,237 | +287.8% |
| Amounts receivable within one year | 40/41 | €57,666 | €279,968 | +€222,302 | +385.5% |
| Trade receivables | 40 | €50,086 | €279,847 | +€229,761 | +458.7% |
| Other amounts receivable | 41 | €7,580 | €122 | -€7,458 | -98.4% |
| Cash at bank and in hand | 54/58 | €15,692 | €15,477 | -€215 | -1.4% |
| Deferred charges and accrued income | 490/1 | €3,523 | €2,673 | -€850 | -24.1% |
| Total equity and liabilities | 10/49 | €2,159,677 | €2,360,868 | +€201,191 | +9.3% |
| Equity | 10/15 | €1,617,484 | €839,275 | -€778,209 | -48.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,598,884 | €820,675 | -€778,209 | -48.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €1,491,774 | €715,425 | -€776,349 | -52.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €542,193 | €1,521,594 | +€979,401 | +180.6% |
| Amounts payable after more than one year | 17 | €465,863 | €398,763 | -€67,101 | -14.4% |
| Financial debts | 170/4 | €465,863 | €398,763 | -€67,101 | -14.4% |
| Amounts payable within one year | 42/48 | €76,329 | €1,104,232 | +€1.0m | +1346.7% |
| Current portion of amounts payable after more than one year | 42 | €65,727 | €67,101 | +€1,374 | +2.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €4,510 | €3,607 | -€903 | -20.0% |
| Suppliers | 440/4 | €4,510 | €3,607 | -€903 | -20.0% |
| Taxes, remuneration and social security | 45 | €2,715 | €7,899 | +€5,184 | +191.0% |
| Taxes | 450/3 | €715 | €7,899 | +€7,184 | +1005.1% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €3,378 | €1,025,625 | +€1.0m | +30263.1% |
| Accrued charges and deferred income | 492/3 | €0 | €18,598 | +€18,598 | |
| Non-recurring operating income | 76A | - | €2,715 | +€2,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,985 | €25,425 | -€2,560 | -9.1% |
| Other operating charges | 640/8 | €8,404 | €9,065 | +€662 | +7.9% |
| Gross operating margin | 9900 | €325,730 | €452,133 | +€126,403 | +38.8% |
| Operating profit (loss) | 9901 | €289,341 | €417,643 | +€128,302 | +44.3% |
| Financial income | 75/76B | €0 | €500,001 | +€500,000 | +135135229.7% |
| Recurring financial income | 75 | €0 | €500,001 | +€500,000 | +135135229.7% |
| Financial charges | 65/66B | €15,801 | €28,152 | +€12,351 | +78.2% |
| Recurring financial charges | 65 | €15,801 | €28,152 | +€12,351 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €273,541 | €889,491 | +€615,951 | +225.2% |
| Income taxes | 67/77 | €62,749 | €97,899 | +€35,150 | +56.0% |
| Profit (loss) for the period | 9904 | €210,791 | €791,592 | +€580,801 | +275.5% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,541 | €791,592 | +€686,051 | +650.0% |
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 11 October 2026 via checked.be.