TYBERGHIEN: what changed
Two fiscal 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.
TYBERGHIEN
Largest movements
- Tangible fixed assets -€76,406
down €76,406 (-9.0%), from €847,433 to €771,027
of which Land and buildings: -€58,332
- Receivables within one year -€9,654
down €9,654 (-30.8%), from €31,308 to €21,654
of which Trade receivables: -€6,836
- Reserves -€41,829
down €41,829 (-19.9%), from €209,835 to €168,007
of which Distributable reserves: -€41,829
- Debts after one year -€37,036
down €37,036 (-21.9%), from €168,775 to €131,739
- Other debts +€19,561
up €19,561 (+6.8%), from €287,279 to €306,839
- Current portion of long-term debt -€16,734
down €16,734 (-31.1%), from €53,770 to €37,036
- Gross operating margin +€32,050
up €32,050 (+214.7%), from €14,929 to €46,979
- Other operating charges -€3,529
down €3,529 (-80.2%), from €4,402 to €873
- Financial charges -€3,514
down €3,514 (-24.1%), from €14,600 to €11,085
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.
Cash bridge derived
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 | €880,925 | €795,941 | -€84,984 | -9.6% |
| Fixed assets | 21/28 | €847,433 | €771,027 | -€76,406 | -9.0% |
| Tangible fixed assets | 22/27 | €847,433 | €771,027 | -€76,406 | -9.0% |
| Land and buildings | 22 | €822,406 | €764,074 | -€58,332 | -7.1% |
| Furniture and vehicles | 24 | €377 | €247 | -€130 | -34.5% |
| Other tangible fixed assets | 26 | €24,650 | €6,706 | -€17,944 | -72.8% |
| Current assets | 29/58 | €33,492 | €24,914 | -€8,578 | -25.6% |
| Amounts receivable within one year | 40/41 | €31,308 | €21,654 | -€9,654 | -30.8% |
| Trade receivables | 40 | €28,490 | €21,654 | -€6,836 | -24.0% |
| Other amounts receivable | 41 | €2,818 | €0 | -€2,818 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,184 | €3,260 | +€1,077 | +49.3% |
| Total equity and liabilities | 10/49 | €880,925 | €795,941 | -€84,984 | -9.6% |
| Equity | 10/15 | €228,835 | €187,007 | -€41,829 | -18.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €209,835 | €168,007 | -€41,829 | -19.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,056 | €4,056 | = | 0.0% |
| Distributable reserves | 133 | €203,879 | €162,051 | -€41,829 | -20.5% |
| Amounts payable | 17/49 | €652,090 | €608,935 | -€43,155 | -6.6% |
| Amounts payable after more than one year | 17 | €168,775 | €131,739 | -€37,036 | -21.9% |
| Financial debts | 170/4 | €168,775 | €131,739 | -€37,036 | -21.9% |
| Amounts payable within one year | 42/48 | €483,316 | €477,196 | -€6,119 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €53,770 | €37,036 | -€16,734 | -31.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €1,377 | €961 | -€416 | -30.2% |
| Suppliers | 440/4 | €1,377 | €961 | -€416 | -30.2% |
| Advances received on contracts in progress | 46 | €30,877 | €30,877 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,012 | €1,483 | -€8,529 | -85.2% |
| Taxes | 450/3 | €10,012 | €1,483 | -€8,529 | -85.2% |
| Other amounts payable | 47/48 | €287,279 | €306,839 | +€19,561 | +6.8% |
| Non-recurring operating income | 76A | €2,500 | €0 | -€2,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,463 | €76,406 | -€57 | -0.1% |
| Other operating charges | 640/8 | €4,402 | €873 | -€3,529 | -80.2% |
| Gross operating margin | 9900 | €14,929 | €46,979 | +€32,050 | +214.7% |
| Operating profit (loss) | 9901 | -€65,936 | -€30,301 | +€35,636 | +54.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.7% |
| Financial charges | 65/66B | €14,600 | €11,085 | -€3,514 | -24.1% |
| Recurring financial charges | 65 | €14,600 | €11,085 | -€3,514 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€80,535 | -€41,386 | +€39,150 | +48.6% |
| Income taxes | 67/77 | €517 | €443 | -€74 | -14.3% |
| Profit (loss) for the period | 9904 | -€81,052 | -€41,829 | +€39,224 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,052 | -€41,829 | +€39,224 | +48.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.