TIBO: what changed
What changed
TIBO
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€4,577
2024 · -€11,193+€15,770
Equity
€500,914
2024 · €496,337+€4,577
Cash
€99,326
2024 · €101,542-€2,216
Balance sheet total
€748,239
2024 · €716,147+€32,093
Largest movements
Assets
- Receivables within one year +€40,608
up €40,608 (+28.4%), from €143,051 to €183,659
of which Trade receivables: +€46,234
- Stocks and contracts -€9,589
down €9,589 (-5.9%), from €161,932 to €152,343
Equity and liabilities
- Other debts +€18,342
up €18,342 (+11.1%), from €164,616 to €182,958
Income statement
- Gross operating margin +€33,105
up €33,105 (+22.9%), from €144,593 to €177,697
- Staff costs +€11,330
up €11,330 (+10.1%), from €112,325 to €123,655
- Taxes +€2,488
up €2,488, from €0 to €2,488
- Depreciation +€1,960
up €1,960 (+7.6%), from €25,705 to €27,665
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.
Result 2024
-€11,193
Gross operating margin
+€33,105
Staff costs
-€11,330
Depreciation
-€1,960
Other operating charges
+€66
Financial income
-€339
Financial charges
-€1,285
Taxes
-€2,488
Result 2025
€4,577
raises the resultlowers the result
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.
From operations
+€31,449
Investment
-€33,665
Financing
€0
Cash 2024
€101,542
From operations (derived)
+€31,449
Net result for the year
+€4,577
Depreciation
+€27,665
Stocks and contracts
+€9,589
Receivables within one year
-€40,608
Deferred charges and accrued income
+€2,710
Provisions
-€1,131
Trade debts
+€6,599
Tax, wage and social debts
+€2,164
Other debts
+€18,342
Accrued charges and deferred income
+€1,541
Investment (derived)
-€33,665
Investment in fixed assets (net)
-€33,665
Cash 2025
€99,326
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €716,147 | €748,239 | +€32,093 | +4.5% |
| Fixed assets | 21/28 | €306,766 | €312,766 | +€6,000 | +2.0% |
| Tangible fixed assets | 22/27 | €292,004 | €297,356 | +€5,352 | +1.8% |
| Land and buildings | 22 | €279,468 | €259,859 | -€19,609 | -7.0% |
| Plant, machinery and equipment | 23 | €7,400 | €5,340 | -€2,060 | -27.8% |
| Furniture and vehicles | 24 | €5,136 | €32,157 | +€27,021 | +526% |
| Financial fixed assets | 28 | €14,762 | €15,410 | +€648 | +4.4% |
| Current assets | 29/58 | €409,380 | €435,473 | +€26,093 | +6.4% |
| Stocks and contracts in progress | 3 | €161,932 | €152,343 | -€9,589 | -5.9% |
| Stocks | 30/36 | €161,932 | €152,343 | -€9,589 | -5.9% |
| Amounts receivable within one year | 40/41 | €143,051 | €183,659 | +€40,608 | +28.4% |
| Trade receivables | 40 | €127,818 | €174,053 | +€46,234 | +36.2% |
| Other amounts receivable | 41 | €15,232 | €9,607 | -€5,626 | -36.9% |
| Cash at bank and in hand | 54/58 | €101,542 | €99,326 | -€2,216 | -2.2% |
| Deferred charges and accrued income | 490/1 | €2,856 | €145 | -€2,710 | -94.9% |
| Total equity and liabilities | 10/49 | €716,147 | €748,239 | +€32,093 | +4.5% |
| Equity | 10/15 | €496,337 | €500,914 | +€4,577 | +0.9% |
| Contributions | 10/11 | €348,681 | €348,681 | = | 0.0% |
| Reserves | 13 | €147,656 | €152,233 | +€4,577 | +3.1% |
| Tax-exempt reserves | 132 | €44,508 | €41,246 | -€3,262 | -7.3% |
| Distributable reserves | 133 | €103,148 | €110,987 | +€7,839 | +7.6% |
| Provisions and deferred taxes | 16 | €15,435 | €14,304 | -€1,131 | -7.3% |
| Deferred taxes | 168 | €15,435 | €14,304 | -€1,131 | -7.3% |
| Amounts payable | 17/49 | €204,374 | €233,021 | +€28,647 | +14.0% |
| Amounts payable within one year | 42/48 | €192,886 | €219,991 | +€27,105 | +14.1% |
| Trade debts | 44 | €22,897 | €29,496 | +€6,599 | +28.8% |
| Suppliers | 440/4 | €22,897 | €29,496 | +€6,599 | +28.8% |
| Taxes, remuneration and social security | 45 | €5,374 | €7,537 | +€2,164 | +40.3% |
| Taxes | 450/3 | €1,221 | €499 | -€722 | -59.1% |
| Remuneration and social security | 454/9 | €4,153 | €7,038 | +€2,886 | +69.5% |
| Other amounts payable | 47/48 | €164,616 | €182,958 | +€18,342 | +11.1% |
| Accrued charges and deferred income | 492/3 | €11,488 | €13,030 | +€1,541 | +13.4% |
| Remuneration, social security and pensions | 62 | €112,325 | €123,655 | +€11,330 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,705 | €27,665 | +€1,960 | +7.6% |
| Other operating charges | 640/8 | €8,250 | €8,184 | -€66 | -0.8% |
| Gross operating margin | 9900 | €144,593 | €177,697 | +€33,105 | +22.9% |
| Operating profit (loss) | 9901 | -€1,687 | €18,194 | +€19,882 | |
| Financial income | 75/76B | €1,573 | €1,234 | -€339 | -21.5% |
| Recurring financial income | 75 | €1,573 | €1,234 | -€339 | -21.5% |
| Financial charges | 65/66B | €12,209 | €13,494 | +€1,285 | +10.5% |
| Recurring financial charges | 65 | €12,209 | €13,494 | +€1,285 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,324 | €5,934 | +€18,258 | |
| Transfer from deferred taxes | 780 | €1,131 | €1,131 | = | 0.0% |
| Income taxes | 67/77 | €0 | €2,488 | +€2,488 | |
| Profit (loss) for the period | 9904 | -€11,193 | €4,577 | +€15,770 | |
| Transfer from tax-exempt reserves | 789 | €3,262 | €3,262 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,931 | €7,839 | +€15,770 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.