TIBYFI: 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.
TIBYFI
Largest movements
- Receivables within one year +€115,440
up €115,440 (+265%), from €43,560 to €159,000
of which Trade receivables: +€65,340
- Cash -€95,988
down €95,988 (-56.2%), from €170,736 to €74,748
mainly Receivables within one year (-€115,440) and Other debts (-€5,393)
- Tangible fixed assets -€12,496
down €12,496 (-38.0%), from €32,883 to €20,387
of which Furniture and vehicles: -€14,500
- Reserves +€9,873
up €9,873 (+5.6%), from €176,076 to €185,949
- Other debts -€5,393
down €5,393 (-65.6%), from €8,215 to €2,822
- Gross operating margin +€9,101
up €9,101 (+45.2%), from €20,150 to €29,251
- Depreciation +€4,259
up €4,259 (+40.1%), from €10,618 to €14,876
- Taxes +€1,601
up €1,601 (+61.4%), from €2,606 to €4,206
- Financial income +€1,115
up €1,115 (+84.5%), from €1,320 to €2,435
- Other operating charges -€356
down €356 (-27.2%), from €1,308 to €952
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 | €247,541 | €256,306 | +€8,765 | +3.5% |
| Fixed assets | 21/28 | €32,908 | €20,412 | -€12,496 | -38.0% |
| Tangible fixed assets | 22/27 | €32,883 | €20,387 | -€12,496 | -38.0% |
| Plant, machinery and equipment | 23 | - | €2,004 | +€2,004 | |
| Furniture and vehicles | 24 | €32,883 | €18,383 | -€14,500 | -44.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €214,633 | €235,895 | +€21,261 | +9.9% |
| Amounts receivable within one year | 40/41 | €43,560 | €159,000 | +€115,440 | +265% |
| Trade receivables | 40 | €43,560 | €108,900 | +€65,340 | +150% |
| Other amounts receivable | 41 | - | €50,100 | +€50,100 | |
| Cash at bank and in hand | 54/58 | €170,736 | €74,748 | -€95,988 | -56.2% |
| Deferred charges and accrued income | 490/1 | €338 | €2,147 | +€1,809 | +536% |
| Total equity and liabilities | 10/49 | €247,541 | €256,306 | +€8,765 | +3.5% |
| Equity | 10/15 | €229,372 | €239,245 | +€9,874 | +4.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €176,076 | €185,949 | +€9,873 | +5.6% |
| Distributable reserves | 133 | €176,076 | €185,949 | +€9,873 | +5.6% |
| Profit (loss) carried forward | 14 | €23,296 | €23,296 | +€1 | 0.0% |
| Amounts payable | 17/49 | €18,170 | €17,061 | -€1,109 | -6.1% |
| Amounts payable within one year | 42/48 | €17,820 | €16,668 | -€1,152 | -6.5% |
| Trade debts | 44 | €614 | €2,945 | +€2,331 | +380% |
| Suppliers | 440/4 | €614 | €2,945 | +€2,331 | +380% |
| Taxes, remuneration and social security | 45 | €8,991 | €10,901 | +€1,910 | +21.2% |
| Taxes | 450/3 | €8,991 | €8,421 | -€570 | -6.3% |
| Remuneration and social security | 454/9 | - | €2,480 | +€2,480 | |
| Other amounts payable | 47/48 | €8,215 | €2,822 | -€5,393 | -65.6% |
| Accrued charges and deferred income | 492/3 | €350 | €393 | +€43 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,618 | €14,876 | +€4,259 | +40.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,320 | €1,320 | = | 0.0% |
| Other operating charges | 640/8 | €1,308 | €952 | -€356 | -27.2% |
| Gross operating margin | 9900 | €20,150 | €29,251 | +€9,101 | +45.2% |
| Operating profit (loss) | 9901 | €6,904 | €12,103 | +€5,198 | +75.3% |
| Financial income | 75/76B | €1,320 | €2,435 | +€1,115 | +84.5% |
| Recurring financial income | 75 | €1,320 | €2,435 | +€1,115 | +84.5% |
| Financial charges | 65/66B | €434 | €458 | +€24 | +5.5% |
| Recurring financial charges | 65 | €434 | €458 | +€24 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €7,790 | €14,080 | +€6,290 | +80.7% |
| Income taxes | 67/77 | €2,606 | €4,206 | +€1,601 | +61.4% |
| Profit (loss) for the period | 9904 | €5,185 | €9,874 | +€4,689 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,185 | €9,874 | +€4,689 | +90.4% |
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 16 October 2026 via checked.be.