Tibor Beheer: 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.
Tibor Beheer
Largest movements
- Receivables within one year +€181,322
up €181,322 (+1,564%), from €11,592 to €192,914
of which Other amounts receivable: +€140,403
- Receivables after one year -€111,943
down €111,943 (-1.7%), from €6.7m to €6.6m
- Reserves +€190,454
up €190,454 (+2.5%), from €7.5m to €7.7m
- Debts after one year -€110,241
down €110,241 (-14.5%), from €758,861 to €648,620
- Gross operating margin +€43,437
up €43,437, from -€40,146 to €3,292
- Financial charges -€7,048
down €7,048 (-51.0%), from €13,808 to €6,759
- Depreciation +€4,602
up €4,602 (+377%), from €1,219 to €5,821
- Financial income +€4,445
up €4,445 (+2.3%), from €196,938 to €201,383
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,407,952 | €8,517,382 | +€109,429 | +1.3% |
| Fixed assets | 21/28 | €1,692,823 | €1,719,878 | +€27,055 | +1.6% |
| Tangible fixed assets | 22/27 | €2,823 | €29,878 | +€27,055 | +958% |
| Furniture and vehicles | 24 | €2,823 | €29,878 | +€27,055 | +958% |
| Financial fixed assets | 28 | €1,690,000 | €1,690,000 | = | 0.0% |
| Current assets | 29/58 | €6,715,129 | €6,797,503 | +€82,374 | +1.2% |
| Amounts receivable after more than one year | 29 | €6,692,779 | €6,580,836 | -€111,943 | -1.7% |
| Other amounts receivable | 291 | €6,692,779 | €6,580,836 | -€111,943 | -1.7% |
| Amounts receivable within one year | 40/41 | €11,592 | €192,914 | +€181,322 | +1,564% |
| Trade receivables | 40 | €11,592 | €52,511 | +€40,919 | +353% |
| Other amounts receivable | 41 | - | €140,403 | +€140,403 | |
| Cash at bank and in hand | 54/58 | €10,758 | €23,051 | +€12,292 | +114% |
| Deferred charges and accrued income | 490/1 | - | €703 | +€703 | |
| Total equity and liabilities | 10/49 | €8,407,952 | €8,517,382 | +€109,429 | +1.3% |
| Equity | 10/15 | €7,572,541 | €7,762,995 | +€190,454 | +2.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €7,472,541 | €7,662,995 | +€190,454 | +2.5% |
| Distributable reserves | 133 | €7,472,541 | €7,662,995 | +€190,454 | +2.5% |
| Amounts payable | 17/49 | €835,411 | €754,386 | -€81,025 | -9.7% |
| Amounts payable after more than one year | 17 | €758,861 | €648,620 | -€110,241 | -14.5% |
| Financial debts | 170/4 | €758,861 | €648,620 | -€110,241 | -14.5% |
| Amounts payable within one year | 42/48 | €57,350 | €78,097 | +€20,747 | +36.2% |
| Trade debts | 44 | €3,541 | €7,106 | +€3,566 | +101% |
| Suppliers | 440/4 | €3,541 | €7,106 | +€3,566 | +101% |
| Taxes, remuneration and social security | 45 | €3,810 | €681 | -€3,129 | -82.1% |
| Taxes | 450/3 | €3,810 | €681 | -€3,129 | -82.1% |
| Other amounts payable | 47/48 | €50,000 | €70,310 | +€20,310 | +40.6% |
| Accrued charges and deferred income | 492/3 | €19,200 | €27,669 | +€8,469 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,219 | €5,821 | +€4,602 | +377% |
| Other operating charges | 640/8 | €1,136 | €1,498 | +€363 | +32.0% |
| Gross operating margin | 9900 | -€40,146 | €3,292 | +€43,437 | |
| Operating profit (loss) | 9901 | -€42,500 | -€4,028 | +€38,472 | +90.5% |
| Financial income | 75/76B | €196,938 | €201,383 | +€4,445 | +2.3% |
| Recurring financial income | 75 | €196,938 | €201,383 | +€4,445 | +2.3% |
| Financial charges | 65/66B | €13,808 | €6,759 | -€7,048 | -51.0% |
| Recurring financial charges | 65 | €13,808 | €6,759 | -€7,048 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €140,630 | €190,596 | +€49,966 | +35.5% |
| Income taxes | 67/77 | - | €142 | +€142 | |
| Profit (loss) for the period | 9904 | €140,630 | €190,454 | +€49,824 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,630 | €190,454 | +€49,824 | +35.4% |
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 25 October 2026 via checked.be.