TIBI: 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.
TIBI
Largest movements
- Tangible fixed assets +€499,674
up €499,674 (+18.4%), from €2.7m to €3.2m
of which Land and buildings: +€541,497
- Current investments -€330,915
down €330,915 (-60.7%), from €545,019 to €214,104
- Cash +€165,463
up €165,463 (+48.3%), from €342,530 to €507,993
mainly Net result for the year (+€694,100) and Current investments (+€330,915)
- Reserves +€515,635
up €515,635 (+17.2%), from €3.0m to €3.5m
- Debts after one year -€226,497
down €226,497 (-5.2%), from €4.4m to €4.2m
- Current portion of long-term debt +€94,547
up €94,547 (+17.7%), from €532,750 to €627,297
- Financial income -€365,762
down €365,762 (-36.2%), from €1.0m to €644,466
of which Financial income: -€265,762
- Gross operating margin +€141,038
up €141,038 (+27.6%), from €510,602 to €651,640
- Other operating charges +€63,447
up €63,447 (+582%), from €10,898 to €74,345
- Depreciation +€48,674
up €48,674 (+46.4%), from €104,806 to €153,480
- Financial charges -€41,172
down €41,172 (-16.2%), from €254,502 to €213,330
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.
Derived cash bridge
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 | €8,268,847 | €8,526,620 | +€257,774 | +3.1% |
| Fixed assets | 21/28 | €7,211,218 | €7,710,891 | +€499,674 | +6.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,711,208 | €3,210,881 | +€499,674 | +18.4% |
| Land and buildings | 22 | €2,410,600 | €2,952,096 | +€541,497 | +22.5% |
| Plant, machinery and equipment | 23 | €10,500 | €3,981 | -€6,519 | -62.1% |
| Furniture and vehicles | 24 | €286,901 | €251,597 | -€35,304 | -12.3% |
| Other tangible fixed assets | 26 | €3,207 | €3,207 | = | 0.0% |
| Financial fixed assets | 28 | €4,500,010 | €4,500,010 | = | 0.0% |
| Current assets | 29/58 | €1,057,629 | €815,729 | -€241,900 | -22.9% |
| Amounts receivable within one year | 40/41 | €151,080 | €84,855 | -€66,226 | -43.8% |
| Trade receivables | 40 | €47,167 | €84,323 | +€37,155 | +78.8% |
| Other amounts receivable | 41 | €103,913 | €532 | -€103,381 | -99.5% |
| Current investments | 50/53 | €545,019 | €214,104 | -€330,915 | -60.7% |
| Cash at bank and in hand | 54/58 | €342,530 | €507,993 | +€165,463 | +48.3% |
| Deferred charges and accrued income | 490/1 | €19,000 | €8,777 | -€10,223 | -53.8% |
| Total equity and liabilities | 10/49 | €8,268,847 | €8,526,620 | +€257,774 | +3.1% |
| Equity | 10/15 | €3,001,522 | €3,517,158 | +€515,635 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,995,322 | €3,510,958 | +€515,635 | +17.2% |
| Distributable reserves | 133 | €2,995,322 | €3,510,958 | +€515,635 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €28,533 | €28,533 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €28,533 | €28,533 | = | 0.0% |
| Pensions and similar obligations | 160 | €28,533 | €28,533 | = | 0.0% |
| Amounts payable | 17/49 | €5,238,792 | €4,980,930 | -€257,862 | -4.9% |
| Amounts payable after more than one year | 17 | €4,392,338 | €4,165,841 | -€226,497 | -5.2% |
| Financial debts | 170/4 | €4,392,338 | €4,165,841 | -€226,497 | -5.2% |
| Amounts payable within one year | 42/48 | €684,783 | €697,329 | +€12,545 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €532,750 | €627,297 | +€94,547 | +17.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €20,279 | €7,400 | -€12,878 | -63.5% |
| Suppliers | 440/4 | €20,279 | €7,400 | -€12,878 | -63.5% |
| Taxes, remuneration and social security | 45 | €131,754 | €62,632 | -€69,123 | -52.5% |
| Taxes | 450/3 | €131,754 | €62,632 | -€69,123 | -52.5% |
| Accrued charges and deferred income | 492/3 | €161,671 | €117,761 | -€43,910 | -27.2% |
| Non-recurring operating income | 76A | €27,847 | €2,254 | -€25,593 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,806 | €153,480 | +€48,674 | +46.4% |
| Other operating charges | 640/8 | €10,898 | €74,345 | +€63,447 | +582% |
| Non-recurring operating charges | 66A | €58,820 | €695 | -€58,124 | -98.8% |
| Gross operating margin | 9900 | €510,602 | €651,640 | +€141,038 | +27.6% |
| Operating profit (loss) | 9901 | €336,078 | €423,119 | +€87,041 | +25.9% |
| Financial income | 75/76B | €1,010,227 | €644,466 | -€365,762 | -36.2% |
| Recurring financial income | 75 | €910,227 | €644,466 | -€265,762 | -29.2% |
| Non-recurring financial income | 76B | €100,000 | €0 | -€100,000 | -100% |
| Financial charges | 65/66B | €254,502 | €213,330 | -€41,172 | -16.2% |
| Recurring financial charges | 65 | €254,502 | €213,330 | -€41,172 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €1,091,804 | €854,255 | -€237,549 | -21.8% |
| Income taxes | 67/77 | €128,456 | €160,155 | +€31,699 | +24.7% |
| Profit (loss) for the period | 9904 | €963,348 | €694,100 | -€269,248 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €963,348 | €694,100 | -€269,248 | -27.9% |
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 17 October 2026 via checked.be.