TIBO GEERTS: 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 GEERTS
Largest movements
- Cash +€43,153
up €43,153 (+1,478%), from €2,920 to €46,072
mainly Depreciation (+€21,101) and Net result for the year (+€19,919)
- Tangible fixed assets -€15,336
down €15,336 (-38.2%), from €40,138 to €24,802
of which Furniture and vehicles: -€12,884
- Receivables within one year +€9,182
up €9,182 (+20.1%), from €45,791 to €54,973
- Intangible fixed assets -€4,196
down €4,196 (-20.4%), from €20,524 to €16,328
- Financial fixed assets -€2,700
no longer reported in 2025 (was €2,700)
- Reserves +€19,919
up €19,919 (+95.8%), from €20,801 to €40,720
- Tax, wage and social debts +€16,029
up €16,029 (+454%), from €3,532 to €19,561
- Trade debts -€10,148
no longer reported in 2025 (was €10,148)
- Other debts +€9,705
up €9,705 (+13.8%), from €70,190 to €79,895
- Current portion of long-term debt -€5,401
no longer reported in 2025 (was €5,401)
- Gross operating margin +€38,279
up €38,279 (+323%), from €11,867 to €50,146
- Taxes +€8,623
new in 2025: €8,623
- Depreciation +€7,656
up €7,656 (+56.9%), from €13,445 to €21,101
- Other operating charges -€2,043
down €2,043 (-88.9%), from €2,298 to €255
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 | €112,072 | €142,176 | +€30,104 | +26.9% |
| Fixed assets | 21/28 | €63,362 | €41,131 | -€22,231 | -35.1% |
| Intangible fixed assets | 21 | €20,524 | €16,328 | -€4,196 | -20.4% |
| Tangible fixed assets | 22/27 | €40,138 | €24,802 | -€15,336 | -38.2% |
| Plant, machinery and equipment | 23 | €17,910 | €15,458 | -€2,452 | -13.7% |
| Furniture and vehicles | 24 | €22,228 | €9,344 | -€12,884 | -58.0% |
| Financial fixed assets | 28 | €2,700 | - | -€2,700 | |
| Current assets | 29/58 | €48,710 | €101,045 | +€52,335 | +107% |
| Amounts receivable within one year | 40/41 | €45,791 | €54,973 | +€9,182 | +20.1% |
| Trade receivables | 40 | €45,791 | €54,973 | +€9,182 | +20.1% |
| Cash at bank and in hand | 54/58 | €2,920 | €46,072 | +€43,153 | +1,478% |
| Total equity and liabilities | 10/49 | €112,072 | €142,176 | +€30,104 | +26.9% |
| Equity | 10/15 | €22,801 | €42,720 | +€19,919 | +87.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,801 | €40,720 | +€19,919 | +95.8% |
| Distributable reserves | 133 | €20,801 | €40,720 | +€19,919 | +95.8% |
| Amounts payable | 17/49 | €89,271 | €99,456 | +€10,185 | +11.4% |
| Amounts payable within one year | 42/48 | €89,271 | €99,456 | +€10,185 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €5,401 | - | -€5,401 | |
| Trade debts | 44 | €10,148 | - | -€10,148 | |
| Suppliers | 440/4 | €10,148 | - | -€10,148 | |
| Taxes, remuneration and social security | 45 | €3,532 | €19,561 | +€16,029 | +454% |
| Taxes | 450/3 | €3,532 | €19,561 | +€16,029 | +454% |
| Other amounts payable | 47/48 | €70,190 | €79,895 | +€9,705 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,445 | €21,101 | +€7,656 | +56.9% |
| Other operating charges | 640/8 | €2,298 | €255 | -€2,043 | -88.9% |
| Gross operating margin | 9900 | €11,867 | €50,146 | +€38,279 | +323% |
| Operating profit (loss) | 9901 | -€3,876 | €28,790 | +€32,666 | |
| Financial income | 75/76B | €342 | €15 | -€326 | -95.5% |
| Recurring financial income | 75 | €342 | €15 | -€326 | -95.5% |
| Financial charges | 65/66B | €719 | €264 | -€455 | -63.3% |
| Recurring financial charges | 65 | €719 | €264 | -€455 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,254 | €28,542 | +€32,795 | |
| Income taxes | 67/77 | - | €8,623 | +€8,623 | |
| Profit (loss) for the period | 9904 | -€4,254 | €19,919 | +€24,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,254 | €19,919 | +€24,172 |
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 30 October 2026 via checked.be.