TIBO VAN RIEL: 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 VAN RIEL
Largest movements
- Cash +€114,026
up €114,026 (+1,572%), from €7,255 to €121,281
mainly Other debts (+€98,931) and Stocks and contracts (+€82,075)
- Stocks and contracts -€82,075
down €82,075 (-80.9%), from €101,480 to €19,405
of which Contracts in progress: -€78,433
- Tangible fixed assets +€51,658
up €51,658 (+185%), from €27,969 to €79,627
of which Furniture and vehicles: +€52,287
- Receivables within one year -€23,172
down €23,172 (-38.8%), from €59,725 to €36,553
of which Trade receivables: -€22,592
- Other debts +€98,931
up €98,931 (+1,949%), from €5,076 to €104,007
- Profit (loss) carried forward -€43,751
down €43,751 (-30.5%), from €143,667 to €99,916
- Tax, wage and social debts -€19,678
down €19,678 (-51.5%), from €38,197 to €18,519
- Debts after one year +€14,531
new in 2025: €14,531
- Current portion of long-term debt +€9,862
new in 2025: €9,862
- Gross operating margin -€53,361
down €53,361 (-38.4%), from €138,944 to €85,583
- Taxes -€15,789
down €15,789 (-55.8%), from €28,289 to €12,501
- Depreciation +€10,771
up €10,771 (+231%), from €4,664 to €15,435
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 | €198,898 | €259,537 | +€60,640 | +30.5% |
| Fixed assets | 21/28 | €29,897 | €81,055 | +€51,158 | +171% |
| Intangible fixed assets | 21 | €1,928 | €1,428 | -€500 | -25.9% |
| Tangible fixed assets | 22/27 | €27,969 | €79,627 | +€51,658 | +185% |
| Plant, machinery and equipment | 23 | €20,644 | €20,016 | -€629 | -3.0% |
| Furniture and vehicles | 24 | €7,325 | €59,612 | +€52,287 | +714% |
| Current assets | 29/58 | €169,001 | €178,482 | +€9,481 | +5.6% |
| Stocks and contracts in progress | 3 | €101,480 | €19,405 | -€82,075 | -80.9% |
| Stocks | 30/36 | €23,047 | €19,405 | -€3,642 | -15.8% |
| Contracts in progress | 37 | €78,433 | €0 | -€78,433 | -100% |
| Amounts receivable within one year | 40/41 | €59,725 | €36,553 | -€23,172 | -38.8% |
| Trade receivables | 40 | €50,556 | €27,965 | -€22,592 | -44.7% |
| Other amounts receivable | 41 | €9,169 | €8,588 | -€580 | -6.3% |
| Cash at bank and in hand | 54/58 | €7,255 | €121,281 | +€114,026 | +1,572% |
| Deferred charges and accrued income | 490/1 | €540 | €1,243 | +€703 | +130% |
| Total equity and liabilities | 10/49 | €198,898 | €259,537 | +€60,640 | +30.5% |
| Equity | 10/15 | €146,667 | €102,916 | -€43,751 | -29.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,667 | €99,916 | -€43,751 | -30.5% |
| Amounts payable | 17/49 | €52,230 | €156,621 | +€104,391 | +200% |
| Amounts payable after more than one year | 17 | - | €14,531 | +€14,531 | |
| Financial debts | 170/4 | - | €14,531 | +€14,531 | |
| Amounts payable within one year | 42/48 | €52,092 | €141,922 | +€89,830 | +172% |
| Current portion of amounts payable after more than one year | 42 | - | €9,862 | +€9,862 | |
| Trade debts | 44 | €8,819 | €9,535 | +€715 | +8.1% |
| Suppliers | 440/4 | €8,819 | €9,535 | +€715 | +8.1% |
| Taxes, remuneration and social security | 45 | €38,197 | €18,519 | -€19,678 | -51.5% |
| Taxes | 450/3 | €38,197 | €18,519 | -€19,678 | -51.5% |
| Other amounts payable | 47/48 | €5,076 | €104,007 | +€98,931 | +1,949% |
| Accrued charges and deferred income | 492/3 | €139 | €168 | +€29 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,664 | €15,435 | +€10,771 | +231% |
| Other operating charges | 640/8 | €182 | €442 | +€260 | +143% |
| Gross operating margin | 9900 | €138,944 | €85,583 | -€53,361 | -38.4% |
| Operating profit (loss) | 9901 | €134,099 | €69,707 | -€64,392 | -48.0% |
| Financial income | 75/76B | €0 | €26 | +€26 | +28,778% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +28,778% |
| Financial charges | 65/66B | €257 | €983 | +€726 | +283% |
| Recurring financial charges | 65 | €257 | €983 | +€726 | +283% |
| Profit (loss) for the period before taxes | 9903 | €133,842 | €68,749 | -€65,092 | -48.6% |
| Income taxes | 67/77 | €28,289 | €12,501 | -€15,789 | -55.8% |
| Profit (loss) for the period | 9904 | €105,553 | €56,249 | -€49,304 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €105,553 | €56,249 | -€49,304 | -46.7% |
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 20 October 2026 via checked.be.