TIBY: 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.
TIBY
Largest movements
- Tangible fixed assets +€348,385
up €348,385 (+126%), from €276,807 to €625,192
of which Land and buildings: +€290,470
- Cash +€44,678
up €44,678 (+344%), from €12,976 to €57,654
mainly Debts after one year (+€334,731) and Receivables within one year (+€30,591)
- Receivables within one year -€30,591
down €30,591 (-94.1%), from €32,499 to €1,908
of which Trade receivables: -€25,433
- Debts after one year +€334,731
new in 2025: €334,731
- Other debts +€16,812
up €16,812 (+3.9%), from €432,306 to €449,118
- Current portion of long-term debt +€14,200
new in 2025: €14,200
- Trade debts -€11,978
down €11,978 (-33.0%), from €36,337 to €24,359
- Gross operating margin -€29,775
down €29,775 (-46.7%), from €63,779 to €34,004
- Depreciation +€14,256
up €14,256 (+570%), from €2,500 to €16,757
- Financial charges +€9,719
up €9,719 (+2,264%), from €429 to €10,148
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 | €322,707 | €685,179 | +€362,472 | +112% |
| Fixed assets | 21/28 | €276,807 | €625,192 | +€348,385 | +126% |
| Tangible fixed assets | 22/27 | €276,807 | €625,192 | +€348,385 | +126% |
| Land and buildings | 22 | €247,016 | €537,487 | +€290,470 | +118% |
| Plant, machinery and equipment | 23 | €29,791 | €78,257 | +€48,466 | +163% |
| Furniture and vehicles | 24 | - | €9,448 | +€9,448 | |
| Current assets | 29/58 | €45,900 | €59,987 | +€14,087 | +30.7% |
| Amounts receivable within one year | 40/41 | €32,499 | €1,908 | -€30,591 | -94.1% |
| Trade receivables | 40 | €27,341 | €1,908 | -€25,433 | -93.0% |
| Other amounts receivable | 41 | €5,158 | €0 | -€5,158 | -100% |
| Cash at bank and in hand | 54/58 | €12,976 | €57,654 | +€44,678 | +344% |
| Deferred charges and accrued income | 490/1 | €425 | €425 | = | 0.0% |
| Total equity and liabilities | 10/49 | €322,707 | €685,179 | +€362,472 | +112% |
| Equity | 10/15 | -€145,936 | -€139,234 | +€6,702 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,462 | €1,462 | = | 0.0% |
| Distributable reserves | 133 | €1,462 | €1,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,598 | -€146,896 | +€6,702 | +4.4% |
| Amounts payable | 17/49 | €468,643 | €824,413 | +€355,770 | +75.9% |
| Amounts payable after more than one year | 17 | - | €334,731 | +€334,731 | |
| Financial debts | 170/4 | - | €334,731 | +€334,731 | |
| Amounts payable within one year | 42/48 | €468,643 | €489,682 | +€21,039 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,200 | +€14,200 | |
| Trade debts | 44 | €36,337 | €24,359 | -€11,978 | -33.0% |
| Suppliers | 440/4 | €36,337 | €24,359 | -€11,978 | -33.0% |
| Taxes, remuneration and social security | 45 | €0 | €2,005 | +€2,005 | |
| Taxes | 450/3 | €0 | €2,005 | +€2,005 | |
| Other amounts payable | 47/48 | €432,306 | €449,118 | +€16,812 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €16,757 | +€14,256 | +570% |
| Other operating charges | 640/8 | €387 | €397 | +€10 | +2.6% |
| Gross operating margin | 9900 | €63,779 | €34,004 | -€29,775 | -46.7% |
| Operating profit (loss) | 9901 | €60,892 | €16,850 | -€44,042 | -72.3% |
| Financial charges | 65/66B | €429 | €10,148 | +€9,719 | +2,264% |
| Recurring financial charges | 65 | €429 | €10,148 | +€9,719 | +2,264% |
| Profit (loss) for the period before taxes | 9903 | €60,463 | €6,702 | -€53,761 | -88.9% |
| Profit (loss) for the period | 9904 | €60,463 | €6,702 | -€53,761 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,463 | €6,702 | -€53,761 | -88.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.