TYBO: 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.
TYBO
Largest movements
- Stocks and contracts -€428,837
down €428,837 (-6.9%), from €6.2m to €5.8m
- Receivables within one year -€402,300
down €402,300 (-34.0%), from €1.2m to €781,307
of which Trade receivables: -€321,093
- Tangible fixed assets -€138,545
down €138,545 (-25.1%), from €551,113 to €412,568
of which Furniture and vehicles: -€112,368
- Trade debts -€1.0m
down €1.0m (-79.9%), from €1.3m to €257,898
- Reserves +€138,830
up €138,830 (+2.1%), from €6.7m to €6.8m
of which Distributable reserves: +€138,830
- Gross operating margin +€664,348
up €664,348 (+339.7%), from €195,554 to €859,902
- Staff costs -€27,898
down €27,898 (-4.3%), from €647,856 to €619,957
- Depreciation -€17,291
down €17,291 (-10.8%), from €160,033 to €142,742
- Financial charges -€11,630
down €11,630 (-76.4%), from €15,226 to €3,596
- Financial income +€10,015
up €10,015 (+21.3%), from €47,007 to €57,022
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 | €8,295,595 | €7,346,245 | -€949,351 | -11.4% |
| Fixed assets | 21/28 | €711,982 | €560,354 | -€151,628 | -21.3% |
| Tangible fixed assets | 22/27 | €551,113 | €412,568 | -€138,545 | -25.1% |
| Land and buildings | 22 | €165,854 | €148,898 | -€16,957 | -10.2% |
| Plant, machinery and equipment | 23 | €28,649 | €19,430 | -€9,219 | -32.2% |
| Furniture and vehicles | 24 | €356,609 | €244,241 | -€112,368 | -31.5% |
| Financial fixed assets | 28 | €160,869 | €147,786 | -€13,083 | -8.1% |
| Current assets | 29/58 | €7,583,614 | €6,785,891 | -€797,723 | -10.5% |
| Stocks and contracts in progress | 3 | €6,240,329 | €5,811,492 | -€428,837 | -6.9% |
| Stocks | 30/36 | €6,240,329 | €5,811,492 | -€428,837 | -6.9% |
| Amounts receivable within one year | 40/41 | €1,183,607 | €781,307 | -€402,300 | -34.0% |
| Trade receivables | 40 | €380,272 | €59,179 | -€321,093 | -84.4% |
| Other amounts receivable | 41 | €803,335 | €722,127 | -€81,207 | -10.1% |
| Cash at bank and in hand | 54/58 | €159,678 | €193,092 | +€33,414 | +20.9% |
| Total equity and liabilities | 10/49 | €8,295,595 | €7,346,245 | -€949,351 | -11.4% |
| Equity | 10/15 | €6,845,012 | €6,983,842 | +€138,830 | +2.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €6,695,012 | €6,833,842 | +€138,830 | +2.1% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €6,680,012 | €6,818,842 | +€138,830 | +2.1% |
| Amounts payable | 17/49 | €1,450,584 | €362,403 | -€1.1m | -75.0% |
| Amounts payable within one year | 42/48 | €1,450,584 | €362,403 | -€1.1m | -75.0% |
| Trade debts | 44 | €1,284,236 | €257,898 | -€1.0m | -79.9% |
| Suppliers | 440/4 | €1,284,236 | €257,898 | -€1.0m | -79.9% |
| Taxes, remuneration and social security | 45 | €164,573 | €104,505 | -€60,068 | -36.5% |
| Taxes | 450/3 | €127,798 | €63,310 | -€64,488 | -50.5% |
| Remuneration and social security | 454/9 | €36,775 | €41,194 | +€4,419 | +12.0% |
| Other amounts payable | 47/48 | €1,775 | - | -€1,775 | |
| Non-recurring operating income | 76A | €56,360 | - | -€56,360 | |
| Remuneration, social security and pensions | 62 | €647,856 | €619,957 | -€27,898 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,033 | €142,742 | -€17,291 | -10.8% |
| Other operating charges | 640/8 | €18,117 | €9,482 | -€8,635 | -47.7% |
| Non-recurring operating charges | 66A | €289 | €571 | +€281 | +97.3% |
| Gross operating margin | 9900 | €195,554 | €859,902 | +€664,348 | +339.7% |
| Operating profit (loss) | 9901 | -€630,740 | €87,151 | +€717,891 | |
| Financial income | 75/76B | €47,007 | €57,022 | +€10,015 | +21.3% |
| Recurring financial income | 75 | €47,007 | €57,022 | +€10,015 | +21.3% |
| Financial charges | 65/66B | €15,226 | €3,596 | -€11,630 | -76.4% |
| Recurring financial charges | 65 | €15,226 | €3,596 | -€11,630 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | -€598,959 | €140,577 | +€739,536 | |
| Income taxes | 67/77 | €1,821 | €1,747 | -€74 | -4.1% |
| Profit (loss) for the period | 9904 | -€600,780 | €138,830 | +€739,611 | |
| Transfer from tax-exempt reserves | 789 | €687 | - | -€687 | |
| Profit (loss) for the period to be appropriated | 9905 | -€600,094 | €138,830 | +€738,924 |
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 10 October 2026 via checked.be.