TIBO CONSULT: 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.
TIBO CONSULT
Largest movements
- Receivables within one year +€188,119
up €188,119 (+70.3%), from €267,484 to €455,603
of which Other amounts receivable: +€178,749
- Tangible fixed assets +€62,846
up €62,846 (+20.4%), from €307,999 to €370,845
of which Land and buildings: +€71,386
- Stocks and contracts +€30,857
new in 2025: €30,857
- Trade debts +€159,365
up €159,365 (+380%), from €41,911 to €201,276
- Debts after one year +€58,625
up €58,625 (+122%), from €47,960 to €106,585
- Current portion of long-term debt +€26,585
up €26,585 (+126%), from €21,176 to €47,761
- Short-term financial debts +€20,391
new in 2025: €20,391
- Profit (loss) carried forward +€11,248
new in 2025: €11,248
- Taxes +€29,600
up €29,600 (+303%), from €9,753 to €39,353
- Gross operating margin +€27,116
up €27,116 (+32.4%), from €83,651 to €110,767
- Staff costs -€20,165
down €20,165 (-72.3%), from €27,877 to €7,712
- Depreciation +€7,287
up €7,287 (+27.9%), from €26,124 to €33,411
- Financial charges +€6,412
up €6,412 (+63.0%), from €10,182 to €16,594
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 | €599,949 | €878,888 | +€278,939 | +46.5% |
| Fixed assets | 21/28 | €325,954 | €387,835 | +€61,881 | +19.0% |
| Intangible fixed assets | 21 | €17,955 | €16,989 | -€965 | -5.4% |
| Tangible fixed assets | 22/27 | €307,999 | €370,845 | +€62,846 | +20.4% |
| Land and buildings | 22 | €292,885 | €364,271 | +€71,386 | +24.4% |
| Plant, machinery and equipment | 23 | €1,843 | €2,187 | +€344 | +18.7% |
| Furniture and vehicles | 24 | €3,411 | €1,557 | -€1,854 | -54.4% |
| Leasing and similar rights | 25 | €9,860 | €2,831 | -€7,029 | -71.3% |
| Current assets | 29/58 | €273,995 | €491,053 | +€217,058 | +79.2% |
| Stocks and contracts in progress | 3 | - | €30,857 | +€30,857 | |
| Stocks | 30/36 | - | €30,857 | +€30,857 | |
| Amounts receivable within one year | 40/41 | €267,484 | €455,603 | +€188,119 | +70.3% |
| Trade receivables | 40 | €14,429 | €23,799 | +€9,370 | +64.9% |
| Other amounts receivable | 41 | €253,055 | €431,804 | +€178,749 | +70.6% |
| Cash at bank and in hand | 54/58 | €1,630 | €128 | -€1,502 | -92.2% |
| Deferred charges and accrued income | 490/1 | €4,880 | €4,465 | -€415 | -8.5% |
| Total equity and liabilities | 10/49 | €599,949 | €878,888 | +€278,939 | +46.5% |
| Equity | 10/15 | €439,735 | €450,982 | +€11,248 | +2.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €389,735 | €389,735 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €384,735 | €384,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €11,248 | +€11,248 | |
| Amounts payable | 17/49 | €160,214 | €427,905 | +€267,691 | +167% |
| Amounts payable after more than one year | 17 | €47,960 | €106,585 | +€58,625 | +122% |
| Financial debts | 170/4 | €47,960 | €106,585 | +€58,625 | +122% |
| Amounts payable within one year | 42/48 | €112,254 | €321,099 | +€208,845 | +186% |
| Current portion of amounts payable after more than one year | 42 | €21,176 | €47,761 | +€26,585 | +126% |
| Financial debts | 43 | - | €20,391 | +€20,391 | |
| Other loans | 439 | - | €20,391 | +€20,391 | |
| Trade debts | 44 | €41,911 | €201,276 | +€159,365 | +380% |
| Suppliers | 440/4 | €41,911 | €201,276 | +€159,365 | +380% |
| Taxes, remuneration and social security | 45 | €46,467 | €48,972 | +€2,504 | +5.4% |
| Taxes | 450/3 | €41,093 | €45,567 | +€4,474 | +10.9% |
| Remuneration and social security | 454/9 | €5,375 | €3,405 | -€1,970 | -36.7% |
| Other amounts payable | 47/48 | €2,700 | €2,700 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €221 | +€221 | |
| Remuneration, social security and pensions | 62 | €27,877 | €7,712 | -€20,165 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,124 | €33,411 | +€7,287 | +27.9% |
| Other operating charges | 640/8 | €16,916 | €19,363 | +€2,447 | +14.5% |
| Non-recurring operating charges | 66A | €1,273 | - | -€1,273 | |
| Gross operating margin | 9900 | €83,651 | €110,767 | +€27,116 | +32.4% |
| Operating profit (loss) | 9901 | €11,462 | €50,282 | +€38,821 | +339% |
| Financial income | 75/76B | €17,263 | €16,913 | -€350 | -2.0% |
| Recurring financial income | 75 | €17,263 | €16,913 | -€350 | -2.0% |
| Financial charges | 65/66B | €10,182 | €16,594 | +€6,412 | +63.0% |
| Recurring financial charges | 65 | €10,182 | €16,594 | +€6,412 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €18,543 | €50,601 | +€32,058 | +173% |
| Income taxes | 67/77 | €9,753 | €39,353 | +€29,600 | +303% |
| Profit (loss) for the period | 9904 | €8,790 | €11,248 | +€2,458 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,790 | €11,248 | +€2,458 | +28.0% |
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 28 October 2026 via checked.be.