TIBIRA: what changed
TIBIRA
Largest movements
- Cash +€19,540
up €19,540 (+1,334%), from €1,465 to €21,005
mainly Net result for the year (+€40,438) and Receivables within one year (+€8,790)
- Receivables within one year -€8,790
down €8,790 (-53.5%), from €16,431 to €7,640
of which Trade receivables: -€7,830
- Current investments +€7,501
up €7,501 (+1.7%), from €435,496 to €442,998
- Other debts -€24,862
down €24,862 (-98.8%), from €25,166 to €304
- Profit (loss) carried forward +€22,128
up €22,128, from -€22,128 to €0
- Reserves +€18,310
up €18,310 (+4.2%), from €438,998 to €457,308
of which Distributable reserves: +€18,310
- Tax, wage and social debts +€7,990
up €7,990 (+483%), from €1,655 to €9,645
- Trade debts -€4,978
down €4,978 (-95.3%), from €5,225 to €247
- Gross operating margin +€47,652
up €47,652 (+4,478%), from €1,064 to €48,716
- Taxes +€12,193
up €12,193 (+3,676%), from €332 to €12,524
- Financial income +€558
up €558 (+7.2%), from €7,724 to €8,282
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 | €455,115 | €473,703 | +€18,588 | +4.1% |
| Fixed assets | 21/28 | - | €770 | +€770 | |
| Tangible fixed assets | 22/27 | - | €770 | +€770 | |
| Furniture and vehicles | 24 | - | €770 | +€770 | |
| Current assets | 29/58 | €455,115 | €472,933 | +€17,818 | +3.9% |
| Amounts receivable within one year | 40/41 | €16,431 | €7,640 | -€8,790 | -53.5% |
| Trade receivables | 40 | €15,428 | €7,598 | -€7,830 | -50.8% |
| Other amounts receivable | 41 | €1,003 | €43 | -€960 | -95.7% |
| Current investments | 50/53 | €435,496 | €442,998 | +€7,501 | +1.7% |
| Cash at bank and in hand | 54/58 | €1,465 | €21,005 | +€19,540 | +1,334% |
| Deferred charges and accrued income | 490/1 | €1,723 | €1,290 | -€433 | -25.1% |
| Total equity and liabilities | 10/49 | €455,115 | €473,703 | +€18,588 | +4.1% |
| Equity | 10/15 | €423,070 | €463,508 | +€40,438 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €438,998 | €457,308 | +€18,310 | +4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €438,998 | €457,308 | +€18,310 | +4.2% |
| Profit (loss) carried forward | 14 | -€22,128 | €0 | +€22,128 | |
| Amounts payable | 17/49 | €32,045 | €10,195 | -€21,850 | -68.2% |
| Amounts payable within one year | 42/48 | €32,045 | €10,195 | -€21,850 | -68.2% |
| Trade debts | 44 | €5,225 | €247 | -€4,978 | -95.3% |
| Suppliers | 440/4 | €5,225 | €247 | -€4,978 | -95.3% |
| Taxes, remuneration and social security | 45 | €1,655 | €9,645 | +€7,990 | +483% |
| Taxes | 450/3 | €1,655 | €9,645 | +€7,990 | +483% |
| Other amounts payable | 47/48 | €25,166 | €304 | -€24,862 | -98.8% |
| Remuneration, social security and pensions | 62 | €734 | €1,013 | +€279 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €385 | +€385 | |
| Other operating charges | 640/8 | €1,447 | €1,777 | +€330 | +22.8% |
| Gross operating margin | 9900 | €1,064 | €48,716 | +€47,652 | +4,478% |
| Operating profit (loss) | 9901 | -€1,117 | €45,541 | +€46,658 | |
| Financial income | 75/76B | €7,724 | €8,282 | +€558 | +7.2% |
| Recurring financial income | 75 | €7,724 | €8,282 | +€558 | +7.2% |
| Financial charges | 65/66B | €841 | €860 | +€19 | +2.3% |
| Recurring financial charges | 65 | €841 | €860 | +€19 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €5,766 | €52,963 | +€47,197 | +819% |
| Income taxes | 67/77 | €332 | €12,524 | +€12,193 | +3,676% |
| Profit (loss) for the period | 9904 | €5,434 | €40,438 | +€35,004 | +644% |
| Profit (loss) for the period to be appropriated | 9905 | €5,434 | €40,438 | +€35,004 | +644% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.