TIBORG 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.
TIBORG CONSULT
Largest movements
- Cash +€60,085
up €60,085 (+483%), from €12,429 to €72,514
mainly Net result for the year (+€88,428) and Other debts (+€72,471)
- Receivables within one year +€24,209
up €24,209 (+55.9%), from €43,277 to €67,486
of which Other amounts receivable: +€21,202
- Other debts +€72,471
up €72,471 (+191%), from €38,029 to €110,500
- Provisions +€55,235
new in 2025: €55,235
- Profit (loss) carried forward -€41,572
down €41,572, from €2,896 to -€38,676
- Tax, wage and social debts -€3,384
down €3,384 (-18.7%), from €18,064 to €14,680
- Gross operating margin +€96,250
up €96,250 (+84.4%), from €114,101 to €210,352
- Provisions +€55,235
new in 2025: €55,235
- Financial charges -€9,892
down €9,892 (-21.8%), from €45,449 to €35,557
- Taxes +€4,174
up €4,174 (+19.1%), from €21,830 to €26,004
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 | €60,935 | €143,288 | +€82,354 | +135% |
| Fixed assets | 21/28 | €3,940 | €2,859 | -€1,081 | -27.4% |
| Tangible fixed assets | 22/27 | €3,915 | €2,834 | -€1,081 | -27.6% |
| Plant, machinery and equipment | 23 | €418 | - | -€418 | |
| Furniture and vehicles | 24 | €2,010 | €1,659 | -€351 | -17.5% |
| Other tangible fixed assets | 26 | €1,487 | €1,175 | -€312 | -21.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €56,994 | €140,429 | +€83,435 | +146% |
| Amounts receivable within one year | 40/41 | €43,277 | €67,486 | +€24,209 | +55.9% |
| Trade receivables | 40 | €43,276 | €46,283 | +€3,007 | +6.9% |
| Other amounts receivable | 41 | €1 | €21,203 | +€21,202 | +1,827,766% |
| Cash at bank and in hand | 54/58 | €12,429 | €72,514 | +€60,085 | +483% |
| Deferred charges and accrued income | 490/1 | €1,289 | €430 | -€859 | -66.6% |
| Total equity and liabilities | 10/49 | €60,935 | €143,288 | +€82,354 | +135% |
| Equity | 10/15 | €3,896 | -€37,676 | -€41,572 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,896 | -€38,676 | -€41,572 | |
| Provisions and deferred taxes | 16 | - | €55,235 | +€55,235 | |
| Provisions for liabilities and charges | 160/5 | - | €55,235 | +€55,235 | |
| Other liabilities and charges | 164/5 | - | €55,235 | +€55,235 | |
| Amounts payable | 17/49 | €57,039 | €125,730 | +€68,691 | +120% |
| Amounts payable within one year | 42/48 | €57,039 | €125,718 | +€68,679 | +120% |
| Trade debts | 44 | €946 | €538 | -€408 | -43.1% |
| Suppliers | 440/4 | €946 | €538 | -€408 | -43.1% |
| Taxes, remuneration and social security | 45 | €18,064 | €14,680 | -€3,384 | -18.7% |
| Taxes | 450/3 | €18,064 | €14,680 | -€3,384 | -18.7% |
| Other amounts payable | 47/48 | €38,029 | €110,500 | +€72,471 | +191% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,276 | €1,783 | -€493 | -21.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €55,235 | +€55,235 | |
| Other operating charges | 640/8 | €289 | €868 | +€580 | +201% |
| Non-recurring operating charges | 66A | - | €2,782 | +€2,782 | |
| Gross operating margin | 9900 | €114,101 | €210,352 | +€96,250 | +84.4% |
| Operating profit (loss) | 9901 | €111,536 | €149,684 | +€38,148 | +34.2% |
| Financial income | 75/76B | - | €305 | +€305 | |
| Recurring financial income | 75 | - | €305 | +€305 | |
| Financial charges | 65/66B | €45,449 | €35,557 | -€9,892 | -21.8% |
| Recurring financial charges | 65 | €45,449 | €35,557 | -€9,892 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €66,087 | €114,432 | +€48,345 | +73.2% |
| Income taxes | 67/77 | €21,830 | €26,004 | +€4,174 | +19.1% |
| Profit (loss) for the period | 9904 | €44,257 | €88,428 | +€44,171 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,257 | €88,428 | +€44,171 | +99.8% |
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 18 October 2026 via checked.be.