TIBOULEN: 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.
TIBOULEN
Largest movements
- Receivables after one year -€107,492
down €107,492 (-100%), from €107,492 to €0
- Cash +€54,658
up €54,658 (+30.4%), from €179,914 to €234,572
mainly Other debts (+€312,671) and Net result for the year (+€191,419)
- Receivables within one year -€12,517
down €12,517 (-22.9%), from €54,768 to €42,251
of which Other amounts receivable: -€17,027
- Tangible fixed assets -€8,613
down €8,613 (-42.8%), from €20,128 to €11,515
- Intangible fixed assets +€6,530
new in 2025: €6,530
- Profit (loss) carried forward -€400,271
down €400,271 (-67.6%), from €591,690 to €191,419
- Other debts +€312,671
up €312,671 (+22,079%), from €1,416 to €314,087
- Tax, wage and social debts +€20,480
up €20,480 (+71.5%), from €28,646 to €49,126
of which Taxes: +€29,136
- Gross operating margin +€70,020
up €70,020 (+34.4%), from €203,266 to €273,285
- Taxes +€27,383
up €27,383 (+58.3%), from €46,986 to €74,369
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 | €627,542 | €560,279 | -€67,262 | -10.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €284,538 | €282,456 | -€2,083 | -0.7% |
| Intangible fixed assets | 21 | - | €6,530 | +€6,530 | |
| Tangible fixed assets | 22/27 | €20,128 | €11,515 | -€8,613 | -42.8% |
| Furniture and vehicles | 24 | €20,128 | €11,515 | -€8,613 | -42.8% |
| Financial fixed assets | 28 | €264,411 | €264,411 | = | 0.0% |
| Current assets | 29/58 | €343,003 | €277,824 | -€65,180 | -19.0% |
| Amounts receivable after more than one year | 29 | €107,492 | €0 | -€107,492 | -100% |
| Other amounts receivable | 291 | €107,492 | €0 | -€107,492 | -100% |
| Amounts receivable within one year | 40/41 | €54,768 | €42,251 | -€12,517 | -22.9% |
| Trade receivables | 40 | €37,741 | €42,251 | +€4,510 | +11.9% |
| Other amounts receivable | 41 | €17,027 | €0 | -€17,027 | -100% |
| Cash at bank and in hand | 54/58 | €179,914 | €234,572 | +€54,658 | +30.4% |
| Deferred charges and accrued income | 490/1 | €829 | €1,001 | +€172 | +20.8% |
| Total equity and liabilities | 10/49 | €627,542 | €560,279 | -€67,262 | -10.7% |
| Equity | 10/15 | €596,690 | €196,419 | -€400,271 | -67.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €591,690 | €191,419 | -€400,271 | -67.6% |
| Amounts payable | 17/49 | €30,852 | €363,860 | +€333,008 | +1,079% |
| Amounts payable within one year | 42/48 | €30,852 | €363,832 | +€332,980 | +1,079% |
| Trade debts | 44 | €790 | €618 | -€172 | -21.8% |
| Suppliers | 440/4 | €790 | €618 | -€172 | -21.8% |
| Taxes, remuneration and social security | 45 | €28,646 | €49,126 | +€20,480 | +71.5% |
| Taxes | 450/3 | €17,799 | €46,935 | +€29,136 | +164% |
| Remuneration and social security | 454/9 | €10,847 | €2,191 | -€8,656 | -79.8% |
| Other amounts payable | 47/48 | €1,416 | €314,087 | +€312,671 | +22,079% |
| Accrued charges and deferred income | 492/3 | - | €29 | +€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,493 | €10,361 | +€868 | +9.1% |
| Other operating charges | 640/8 | €402 | €1,386 | +€983 | +244% |
| Gross operating margin | 9900 | €203,266 | €273,285 | +€70,020 | +34.4% |
| Operating profit (loss) | 9901 | €193,370 | €261,538 | +€68,168 | +35.3% |
| Financial income | 75/76B | €3,482 | €4,337 | +€855 | +24.5% |
| Recurring financial income | 75 | €3,482 | €4,337 | +€855 | +24.5% |
| Financial charges | 65/66B | €144 | €87 | -€57 | -39.8% |
| Recurring financial charges | 65 | €144 | €87 | -€57 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €196,708 | €265,788 | +€69,080 | +35.1% |
| Income taxes | 67/77 | €46,986 | €74,369 | +€27,383 | +58.3% |
| Profit (loss) for the period | 9904 | €149,722 | €191,419 | +€41,697 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €149,722 | €191,419 | +€41,697 | +27.8% |
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 19 October 2026 via checked.be.