TSIBERIDIS CONSTANTINOS: 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.
TSIBERIDIS CONSTANTINOS
Largest movements
- Receivables within one year +€385,184
up €385,184 (+1,293%), from €29,799 to €414,982
- Current investments -€72,953
down €72,953 (-45.5%), from €160,414 to €87,461
- Tangible fixed assets -€25,060
down €25,060 (-10.8%), from €232,265 to €207,205
of which Leasing and similar rights: -€13,750
- Other debts +€431,585
new in 2025: €431,585
- Profit (loss) carried forward -€154,928
no longer reported in 2025 (was €154,928)
- Tax, wage and social debts +€16,483
up €16,483 (+687%), from €2,400 to €18,883
of which Taxes: +€14,083
- Debts after one year -€13,957
down €13,957 (-7.9%), from €176,783 to €162,826
- Gross operating margin +€129,034
up €129,034 (+49.9%), from €258,392 to €387,426
- Taxes +€19,378
up €19,378 (+27.7%), from €69,915 to €89,293
- Financial income +€4,059
up €4,059 (+38.4%), from €10,574 to €14,633
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 | €808,921 | €1,094,629 | +€285,709 | +35.3% |
| Fixed assets | 21/28 | €232,265 | €207,205 | -€25,060 | -10.8% |
| Tangible fixed assets | 22/27 | €232,265 | €207,205 | -€25,060 | -10.8% |
| Plant, machinery and equipment | 23 | €32,458 | €24,363 | -€8,095 | -24.9% |
| Furniture and vehicles | 24 | €7,713 | €4,498 | -€3,215 | -41.7% |
| Leasing and similar rights | 25 | €192,094 | €178,344 | -€13,750 | -7.2% |
| Current assets | 29/58 | €576,656 | €887,424 | +€310,769 | +53.9% |
| Amounts receivable within one year | 40/41 | €29,799 | €414,982 | +€385,184 | +1,293% |
| Other amounts receivable | 41 | €29,799 | €414,982 | +€385,184 | +1,293% |
| Current investments | 50/53 | €160,414 | €87,461 | -€72,953 | -45.5% |
| Cash at bank and in hand | 54/58 | €249,063 | €258,033 | +€8,971 | +3.6% |
| Deferred charges and accrued income | 490/1 | €137,380 | €126,948 | -€10,433 | -7.6% |
| Total equity and liabilities | 10/49 | €808,921 | €1,094,629 | +€285,709 | +35.3% |
| Equity | 10/15 | €610,722 | €455,795 | -€154,928 | -25.4% |
| Contributions | 10/11 | €92,750 | €92,750 | = | 0.0% |
| Reserves | 13 | €363,045 | €363,045 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,561 | €32,561 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,561 | €32,561 | = | 0.0% |
| Distributable reserves | 133 | €330,483 | €330,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,928 | - | -€154,928 | |
| Amounts payable | 17/49 | €198,198 | €638,835 | +€440,636 | +222% |
| Amounts payable after more than one year | 17 | €176,783 | €162,826 | -€13,957 | -7.9% |
| Financial debts | 170/4 | €176,783 | €162,826 | -€13,957 | -7.9% |
| Amounts payable within one year | 42/48 | €20,467 | €475,870 | +€455,403 | +2,225% |
| Current portion of amounts payable after more than one year | 42 | €15,037 | €15,307 | +€270 | +1.8% |
| Trade debts | 44 | €3,030 | €10,095 | +€7,065 | +233% |
| Suppliers | 440/4 | €3,030 | €10,095 | +€7,065 | +233% |
| Taxes, remuneration and social security | 45 | €2,400 | €18,883 | +€16,483 | +687% |
| Taxes | 450/3 | - | €14,083 | +€14,083 | |
| Remuneration and social security | 454/9 | €2,400 | €4,800 | +€2,400 | +100% |
| Other amounts payable | 47/48 | - | €431,585 | +€431,585 | |
| Accrued charges and deferred income | 492/3 | €947 | €138 | -€809 | -85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,065 | €26,590 | -€1,474 | -5.3% |
| Other operating charges | 640/8 | €5,640 | €5,710 | +€70 | +1.2% |
| Gross operating margin | 9900 | €258,392 | €387,426 | +€129,034 | +49.9% |
| Operating profit (loss) | 9901 | €224,687 | €355,126 | +€130,439 | +58.1% |
| Financial income | 75/76B | €10,574 | €14,633 | +€4,059 | +38.4% |
| Recurring financial income | 75 | €10,574 | €14,633 | +€4,059 | +38.4% |
| Financial charges | 65/66B | €4,256 | €3,809 | -€447 | -10.5% |
| Recurring financial charges | 65 | €4,256 | €3,809 | -€447 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €231,005 | €365,950 | +€134,945 | +58.4% |
| Income taxes | 67/77 | €69,915 | €89,293 | +€19,378 | +27.7% |
| Profit (loss) for the period | 9904 | €161,090 | €276,657 | +€115,567 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €161,090 | €276,657 | +€115,567 | +71.7% |
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 25 October 2026 via checked.be.