TIVABE: 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.
TIVABE
Largest movements
- Receivables within one year +€17,913
up €17,913 (+99.4%), from €18,023 to €35,936
of which Trade receivables: +€17,079
- Cash -€8,404
down €8,404 (-4.7%), from €179,997 to €171,593
mainly Receivables within one year (-€17,913) and Trade debts (-€1,205)
- Reserves +€10,538
up €10,538 (+55.9%), from €18,840 to €29,378
- Other operating charges +€709
up €709 (+95.0%), from €746 to €1,455
- Gross operating margin -€620
down €620 (-3.4%), from €18,035 to €17,415
- Taxes -€356
down €356 (-6.2%), from €5,752 to €5,396
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 | €198,899 | €208,453 | +€9,554 | +4.8% |
| Current assets | 29/58 | €198,899 | €208,453 | +€9,554 | +4.8% |
| Amounts receivable within one year | 40/41 | €18,023 | €35,936 | +€17,913 | +99.4% |
| Trade receivables | 40 | €17,407 | €34,486 | +€17,079 | +98.1% |
| Other amounts receivable | 41 | €616 | €1,450 | +€834 | +135% |
| Cash at bank and in hand | 54/58 | €179,997 | €171,593 | -€8,404 | -4.7% |
| Deferred charges and accrued income | 490/1 | €879 | €924 | +€45 | +5.1% |
| Total equity and liabilities | 10/49 | €198,899 | €208,453 | +€9,554 | +4.8% |
| Equity | 10/15 | €51,394 | €61,932 | +€10,538 | +20.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,840 | €29,378 | +€10,538 | +55.9% |
| Distributable reserves | 133 | €18,840 | €29,378 | +€10,538 | +55.9% |
| Profit (loss) carried forward | 14 | €13,962 | €13,962 | = | 0.0% |
| Amounts payable | 17/49 | €147,505 | €146,521 | -€984 | -0.7% |
| Amounts payable within one year | 42/48 | €147,505 | €146,521 | -€984 | -0.7% |
| Trade debts | 44 | €141,753 | €140,548 | -€1,205 | -0.9% |
| Suppliers | 440/4 | €141,753 | €140,548 | -€1,205 | -0.9% |
| Taxes, remuneration and social security | 45 | €5,752 | €5,396 | -€356 | -6.2% |
| Taxes | 450/3 | €5,752 | €5,396 | -€356 | -6.2% |
| Other amounts payable | 47/48 | - | €577 | +€577 | |
| Other operating charges | 640/8 | €746 | €1,455 | +€709 | +95.0% |
| Gross operating margin | 9900 | €18,035 | €17,415 | -€620 | -3.4% |
| Operating profit (loss) | 9901 | €17,289 | €15,960 | -€1,329 | -7.7% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €17,247 | €15,934 | -€1,313 | -7.6% |
| Income taxes | 67/77 | €5,752 | €5,396 | -€356 | -6.2% |
| Profit (loss) for the period | 9904 | €11,495 | €10,538 | -€957 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,495 | €10,538 | -€957 | -8.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.