TIBRES: 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.
TIBRES
Largest movements
- Tangible fixed assets +€700,015
up €700,015 (+23.3%), from €3.0m to €3.7m
of which Land and buildings: +€700,015
- Other debts +€925,342
up €925,342 (+799%), from €115,833 to €1.0m
- Debts after one year -€130,000
down €130,000 (-6.8%), from €1.9m to €1.8m
- Profit (loss) carried forward -€98,663
down €98,663 (-94.8%), from -€104,119 to -€202,782
- Gross operating margin +€7,535
up €7,535 (+26.9%), from -€28,056 to -€20,521
- Financial charges +€4,676
up €4,676 (+6.5%), from €71,829 to €76,505
- Other operating charges +€1,109
up €1,109 (+210%), from €528 to €1,637
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 | €3,011,224 | €3,718,268 | +€707,044 | +23.5% |
| Fixed assets | 21/28 | €2,999,170 | €3,699,185 | +€700,015 | +23.3% |
| Tangible fixed assets | 22/27 | €2,999,170 | €3,699,185 | +€700,015 | +23.3% |
| Land and buildings | 22 | €1,911,960 | €2,611,975 | +€700,015 | +36.6% |
| Other tangible fixed assets | 26 | €1,087,210 | €1,087,210 | = | 0.0% |
| Current assets | 29/58 | €12,054 | €19,083 | +€7,029 | +58.3% |
| Amounts receivable within one year | 40/41 | €11,062 | €15,531 | +€4,469 | +40.4% |
| Trade receivables | 40 | - | €4,356 | +€4,356 | |
| Other amounts receivable | 41 | €11,062 | €11,175 | +€113 | +1.0% |
| Cash at bank and in hand | 54/58 | €992 | €3,552 | +€2,560 | +258% |
| Total equity and liabilities | 10/49 | €3,011,224 | €3,718,268 | +€707,044 | +23.5% |
| Equity | 10/15 | €995,091 | €896,428 | -€98,663 | -9.9% |
| Contributions | 10/11 | €1,099,210 | €1,099,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,119 | -€202,782 | -€98,663 | -94.8% |
| Amounts payable | 17/49 | €2,016,133 | €2,821,840 | +€805,707 | +40.0% |
| Amounts payable after more than one year | 17 | €1,900,000 | €1,770,000 | -€130,000 | -6.8% |
| Financial debts | 170/4 | €1,900,000 | €1,770,000 | -€130,000 | -6.8% |
| Amounts payable within one year | 42/48 | €116,133 | €1,051,840 | +€935,707 | +806% |
| Trade debts | 44 | - | €10,388 | +€10,388 | |
| Suppliers | 440/4 | - | €10,388 | +€10,388 | |
| Taxes, remuneration and social security | 45 | €300 | €277 | -€23 | -7.7% |
| Taxes | 450/3 | €300 | €277 | -€23 | -7.7% |
| Other amounts payable | 47/48 | €115,833 | €1,041,175 | +€925,342 | +799% |
| Other operating charges | 640/8 | €528 | €1,637 | +€1,109 | +210% |
| Gross operating margin | 9900 | -€28,056 | -€20,521 | +€7,535 | +26.9% |
| Operating profit (loss) | 9901 | -€28,584 | -€22,158 | +€6,426 | +22.5% |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €71,829 | €76,505 | +€4,676 | +6.5% |
| Recurring financial charges | 65 | €71,829 | €76,505 | +€4,676 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€100,331 | -€98,663 | +€1,668 | +1.7% |
| Profit (loss) for the period | 9904 | -€100,331 | -€98,663 | +€1,668 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,331 | -€98,663 | +€1,668 | +1.7% |
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 24 October 2026 via checked.be.