TIBFIN: 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.
TIBFIN
Largest movements
- Receivables within one year +€3.0m
up €3.0m (+110.6%), from €2.7m to €5.7m
of which Other amounts receivable: +€3.0m
- Financial fixed assets +€600,000
new in 2025: €600,000
- Other debts +€3.5m
up €3.5m (+506.3%), from €701,000 to €4.3m
- Financial income +€9,029
up €9,029 (+12.7%), from €70,931 to €79,960
- Financial charges +€8,062
up €8,062 (+45.2%), from €17,842 to €25,904
- Gross operating margin +€4,215
up €4,215 (+41.6%), from -€10,131 to -€5,916
- Taxes +€1,295
up €1,295 (+10.9%), from €11,902 to €13,197
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 | €2,707,905 | €6,304,397 | +€3.6m | +132.8% |
| Fixed assets | 21/28 | - | €600,000 | +€600,000 | |
| Financial fixed assets | 28 | - | €600,000 | +€600,000 | |
| Current assets | 29/58 | €2,707,905 | €5,704,397 | +€3.0m | +110.7% |
| Amounts receivable within one year | 40/41 | €2,707,723 | €5,703,534 | +€3.0m | +110.6% |
| Trade receivables | 40 | - | €6,534 | +€6,534 | |
| Other amounts receivable | 41 | €2,707,723 | €5,697,000 | +€3.0m | +110.4% |
| Cash at bank and in hand | 54/58 | €182 | €863 | +€681 | +374.2% |
| Total equity and liabilities | 10/49 | €2,707,905 | €6,304,397 | +€3.6m | +132.8% |
| Equity | 10/15 | €1,996,155 | €2,029,956 | +€33,801 | +1.7% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €746,155 | €779,956 | +€33,801 | +4.5% |
| Amounts payable | 17/49 | €711,750 | €4,274,441 | +€3.6m | +500.6% |
| Amounts payable within one year | 42/48 | €711,750 | €4,274,441 | +€3.6m | +500.6% |
| Trade debts | 44 | €10,750 | €11,461 | +€711 | +6.6% |
| Suppliers | 440/4 | €10,750 | €11,461 | +€711 | +6.6% |
| Taxes, remuneration and social security | 45 | - | €12,980 | +€12,980 | |
| Taxes | 450/3 | - | €12,980 | +€12,980 | |
| Other amounts payable | 47/48 | €701,000 | €4,250,000 | +€3.5m | +506.3% |
| Other operating charges | 640/8 | €1,108 | €1,142 | +€34 | +3.1% |
| Gross operating margin | 9900 | -€10,131 | -€5,916 | +€4,215 | +41.6% |
| Operating profit (loss) | 9901 | -€11,239 | -€7,058 | +€4,181 | +37.2% |
| Financial income | 75/76B | €70,931 | €79,960 | +€9,029 | +12.7% |
| Recurring financial income | 75 | €70,931 | €79,960 | +€9,029 | +12.7% |
| Financial charges | 65/66B | €17,842 | €25,904 | +€8,062 | +45.2% |
| Recurring financial charges | 65 | €17,842 | €25,904 | +€8,062 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €41,850 | €46,998 | +€5,148 | +12.3% |
| Income taxes | 67/77 | €11,902 | €13,197 | +€1,295 | +10.9% |
| Profit (loss) for the period | 9904 | €29,948 | €33,801 | +€3,853 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,948 | €33,801 | +€3,853 | +12.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.