TRIBOBEL: 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.
TRIBOBEL
Largest movements
- Current investments +€231,625
up €231,625 (+46.3%), from €500,000 to €731,625
- Cash -€34,614
down €34,614 (-27.8%), from €124,450 to €89,836
mainly Current investments (-€231,625) and Investment in fixed assets (net) (-€24,000)
- Tangible fixed assets +€21,611
new in 2025: €21,611
- Deferred charges and accrued income -€11,546
down €11,546 (-87.5%), from €13,199 to €1,653
- Reserves +€205,967
up €205,967 (+56.4%), from €365,348 to €571,315
of which Distributable reserves: +€104,927
- Gross operating margin +€30,600
up €30,600 (+37.7%), from €81,120 to €111,720
- Financial income -€13,380
down €13,380 (-8.8%), from €152,385 to €139,005
- Taxes +€4,708
up €4,708 (+13.9%), from €33,976 to €38,684
- Financial charges +€2,454
up €2,454 (+5,555%), from €44 to €2,498
- Depreciation +€2,389
new in 2025: €2,389
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 | €650,025 | €857,916 | +€207,891 | +32.0% |
| Fixed assets | 21/28 | €12,000 | €33,611 | +€21,611 | +180% |
| Tangible fixed assets | 22/27 | - | €21,611 | +€21,611 | |
| Furniture and vehicles | 24 | - | €21,611 | +€21,611 | |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €638,025 | €824,305 | +€186,280 | +29.2% |
| Amounts receivable within one year | 40/41 | €375 | €1,190 | +€815 | +217% |
| Trade receivables | 40 | €375 | €799 | +€424 | +113% |
| Other amounts receivable | 41 | - | €392 | +€392 | |
| Current investments | 50/53 | €500,000 | €731,625 | +€231,625 | +46.3% |
| Cash at bank and in hand | 54/58 | €124,450 | €89,836 | -€34,614 | -27.8% |
| Deferred charges and accrued income | 490/1 | €13,199 | €1,653 | -€11,546 | -87.5% |
| Total equity and liabilities | 10/49 | €650,025 | €857,916 | +€207,891 | +32.0% |
| Equity | 10/15 | €626,039 | €832,006 | +€205,967 | +32.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €365,348 | €571,315 | +€205,967 | +56.4% |
| Tax-exempt reserves | 132 | €143,140 | €244,180 | +€101,040 | +70.6% |
| Distributable reserves | 133 | €222,208 | €327,135 | +€104,927 | +47.2% |
| Profit (loss) carried forward | 14 | €245,691 | €245,691 | = | 0.0% |
| Amounts payable | 17/49 | €23,986 | €25,910 | +€1,924 | +8.0% |
| Amounts payable within one year | 42/48 | €23,986 | €25,910 | +€1,924 | +8.0% |
| Taxes, remuneration and social security | 45 | €3,034 | €9,329 | +€6,294 | +207% |
| Taxes | 450/3 | €3,034 | €9,329 | +€6,294 | +207% |
| Other amounts payable | 47/48 | €20,951 | €16,581 | -€4,370 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,389 | +€2,389 | |
| Other operating charges | 640/8 | €406 | €1,187 | +€781 | +192% |
| Gross operating margin | 9900 | €81,120 | €111,720 | +€30,600 | +37.7% |
| Operating profit (loss) | 9901 | €80,714 | €108,145 | +€27,431 | +34.0% |
| Financial income | 75/76B | €152,385 | €139,005 | -€13,380 | -8.8% |
| Recurring financial income | 75 | €152,385 | €139,005 | -€13,380 | -8.8% |
| Financial charges | 65/66B | €44 | €2,498 | +€2,454 | +5,555% |
| Recurring financial charges | 65 | €44 | €2,498 | +€2,454 | +5,555% |
| Profit (loss) for the period before taxes | 9903 | €233,055 | €244,651 | +€11,596 | +5.0% |
| Income taxes | 67/77 | €33,976 | €38,684 | +€4,708 | +13.9% |
| Profit (loss) for the period | 9904 | €199,079 | €205,967 | +€6,888 | +3.5% |
| Transfer to tax-exempt reserves | 689 | €92,620 | €101,040 | +€8,420 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €106,459 | €104,927 | -€1,532 | -1.4% |
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 21 October 2026 via checked.be.