TIVIBALI: 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.
TIVIBALI
Largest movements
- Stocks and contracts -€198,303
no longer reported in 2025 (was €198,303)
- Cash +€192,414
up €192,414 (+1,455%), from €13,228 to €205,642
mainly Stocks and contracts (+€198,303) and Net result for the year (+€194,427)
- Tangible fixed assets +€70,477
up €70,477 (+9.3%), from €759,917 to €830,394
of which Furniture and vehicles: +€87,045
- Receivables within one year -€42,508
down €42,508 (-44.7%), from €95,076 to €52,568
of which Trade receivables: -€84,509
- Reserves +€194,427
up €194,427 (+29.5%), from €658,853 to €853,280
of which Distributable reserves: +€194,427
- Trade debts -€54,152
down €54,152 (-94.2%), from €57,461 to €3,309
- Current portion of long-term debt -€44,540
no longer reported in 2025 (was €44,540)
- Short-term financial debts -€30,000
no longer reported in 2025 (was €30,000)
- Other debts -€29,980
down €29,980 (-12.3%), from €242,955 to €212,975
- Gross operating margin +€96,975
up €96,975 (+26.5%), from €365,878 to €462,853
- Staff costs -€48,021
down €48,021 (-40.3%), from €119,223 to €71,202
- Taxes +€42,185
up €42,185 (+93.8%), from €44,956 to €87,141
- Other operating charges +€25,910
up €25,910 (+171%), from €15,187 to €41,097
- Financial income +€12,526
up €12,526 (+9,863%), from €127 to €12,653
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 | €1,092,907 | €1,113,363 | +€20,456 | +1.9% |
| Fixed assets | 21/28 | €760,931 | €831,408 | +€70,477 | +9.3% |
| Tangible fixed assets | 22/27 | €759,917 | €830,394 | +€70,477 | +9.3% |
| Land and buildings | 22 | €743,043 | €713,277 | -€29,766 | -4.0% |
| Plant, machinery and equipment | 23 | €1,980 | €15,178 | +€13,198 | +667% |
| Furniture and vehicles | 24 | €14,894 | €101,939 | +€87,045 | +584% |
| Financial fixed assets | 28 | €1,014 | €1,014 | = | 0.0% |
| Current assets | 29/58 | €331,976 | €281,955 | -€50,021 | -15.1% |
| Stocks and contracts in progress | 3 | €198,303 | - | -€198,303 | |
| Stocks | 30/36 | €198,303 | - | -€198,303 | |
| Amounts receivable within one year | 40/41 | €95,076 | €52,568 | -€42,508 | -44.7% |
| Trade receivables | 40 | €84,509 | - | -€84,509 | |
| Other amounts receivable | 41 | €10,567 | €52,568 | +€42,001 | +397% |
| Cash at bank and in hand | 54/58 | €13,228 | €205,642 | +€192,414 | +1,455% |
| Deferred charges and accrued income | 490/1 | €25,369 | €23,745 | -€1,624 | -6.4% |
| Total equity and liabilities | 10/49 | €1,092,907 | €1,113,363 | +€20,456 | +1.9% |
| Equity | 10/15 | €678,853 | €873,280 | +€194,427 | +28.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €658,853 | €853,280 | +€194,427 | +29.5% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €643,853 | €838,280 | +€194,427 | +30.2% |
| Amounts payable | 17/49 | €414,054 | €240,083 | -€173,971 | -42.0% |
| Amounts payable within one year | 42/48 | €414,054 | €240,083 | -€173,971 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €44,540 | - | -€44,540 | |
| Financial debts | 43 | €30,000 | - | -€30,000 | |
| Credit institutions | 430/8 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €57,461 | €3,309 | -€54,152 | -94.2% |
| Suppliers | 440/4 | €57,461 | €3,309 | -€54,152 | -94.2% |
| Taxes, remuneration and social security | 45 | €39,098 | €23,799 | -€15,299 | -39.1% |
| Taxes | 450/3 | €27,707 | €23,799 | -€3,908 | -14.1% |
| Remuneration and social security | 454/9 | €11,391 | - | -€11,391 | |
| Other amounts payable | 47/48 | €242,955 | €212,975 | -€29,980 | -12.3% |
| Remuneration, social security and pensions | 62 | €119,223 | €71,202 | -€48,021 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,002 | €67,426 | +€12,424 | +22.6% |
| Other operating charges | 640/8 | €15,187 | €41,097 | +€25,910 | +171% |
| Gross operating margin | 9900 | €365,878 | €462,853 | +€96,975 | +26.5% |
| Operating profit (loss) | 9901 | €176,466 | €283,128 | +€106,662 | +60.4% |
| Financial income | 75/76B | €127 | €12,653 | +€12,526 | +9,863% |
| Recurring financial income | 75 | €127 | €12,653 | +€12,526 | +9,863% |
| Financial charges | 65/66B | €26,399 | €14,213 | -€12,186 | -46.2% |
| Recurring financial charges | 65 | €26,399 | €14,213 | -€12,186 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €150,194 | €281,568 | +€131,374 | +87.5% |
| Income taxes | 67/77 | €44,956 | €87,141 | +€42,185 | +93.8% |
| Profit (loss) for the period | 9904 | €105,238 | €194,427 | +€89,189 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €105,238 | €194,427 | +€89,189 | +84.7% |
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 27 October 2026 via checked.be.