tybo 2: 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.
tybo 2
Largest movements
- Cash +€38,221
up €38,221 (+12.3%), from €310,026 to €348,247
mainly Other debts (+€60,144) and Receivables within one year (+€36,473)
- Receivables within one year -€36,473
down €36,473 (-55.1%), from €66,189 to €29,717
of which Trade receivables: -€32,346
- Tangible fixed assets -€29,099
down €29,099 (-4.6%), from €638,652 to €609,553
of which Land and buildings: -€20,569
- Other debts +€60,144
up €60,144 (+19.3%), from €311,706 to €371,849
- Debts after one year -€21,454
down €21,454 (-82.2%), from €26,089 to €4,635
- Reserves -€20,445
down €20,445 (-3.7%), from €558,200 to €537,755
- Advances received -€15,893
no longer reported in 2025 (was €15,893)
- Current portion of long-term debt -€14,898
down €14,898 (-41.0%), from €36,352 to €21,454
- Gross operating margin -€78,795
down €78,795 (-46.2%), from €170,617 to €91,822
- Taxes -€22,985
down €22,985 (-67.9%), from €33,860 to €10,875
- Financial income -€14,670
down €14,670 (-79.6%), from €18,430 to €3,760
of which Non-recurring financial income: -€17,386
- Depreciation -€9,217
down €9,217 (-24.5%), from €37,669 to €28,451
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 | €1,076,318 | €1,047,187 | -€29,132 | -2.7% |
| Fixed assets | 21/28 | €638,652 | €609,553 | -€29,099 | -4.6% |
| Tangible fixed assets | 22/27 | €638,652 | €609,553 | -€29,099 | -4.6% |
| Land and buildings | 22 | €618,576 | €598,008 | -€20,569 | -3.3% |
| Plant, machinery and equipment | 23 | €1,813 | €883 | -€930 | -51.3% |
| Furniture and vehicles | 24 | €6,510 | €2,597 | -€3,914 | -60.1% |
| Other tangible fixed assets | 26 | €11,753 | €8,066 | -€3,687 | -31.4% |
| Current assets | 29/58 | €437,667 | €437,633 | -€33 | 0.0% |
| Amounts receivable within one year | 40/41 | €66,189 | €29,717 | -€36,473 | -55.1% |
| Trade receivables | 40 | €62,063 | €29,717 | -€32,346 | -52.1% |
| Other amounts receivable | 41 | €4,126 | - | -€4,126 | |
| Current investments | 50/53 | €54,479 | €54,504 | +€25 | 0.0% |
| Cash at bank and in hand | 54/58 | €310,026 | €348,247 | +€38,221 | +12.3% |
| Deferred charges and accrued income | 490/1 | €6,972 | €5,165 | -€1,806 | -25.9% |
| Total equity and liabilities | 10/49 | €1,076,318 | €1,047,187 | -€29,132 | -2.7% |
| Equity | 10/15 | €646,800 | €626,355 | -€20,445 | -3.2% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €558,200 | €537,755 | -€20,445 | -3.7% |
| Distributable reserves | 133 | €558,200 | €537,755 | -€20,445 | -3.7% |
| Amounts payable | 17/49 | €429,519 | €420,831 | -€8,687 | -2.0% |
| Amounts payable after more than one year | 17 | €26,089 | €4,635 | -€21,454 | -82.2% |
| Financial debts | 170/4 | €26,089 | €4,635 | -€21,454 | -82.2% |
| Amounts payable within one year | 42/48 | €398,710 | €409,709 | +€10,998 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €36,352 | €21,454 | -€14,898 | -41.0% |
| Trade debts | 44 | €17,797 | €10,255 | -€7,543 | -42.4% |
| Suppliers | 440/4 | €17,797 | €10,255 | -€7,543 | -42.4% |
| Advances received on contracts in progress | 46 | €15,893 | - | -€15,893 | |
| Taxes, remuneration and social security | 45 | €16,962 | €6,150 | -€10,812 | -63.7% |
| Taxes | 450/3 | €16,962 | €6,150 | -€10,812 | -63.7% |
| Other amounts payable | 47/48 | €311,706 | €371,849 | +€60,144 | +19.3% |
| Accrued charges and deferred income | 492/3 | €4,720 | €6,488 | +€1,768 | +37.5% |
| Non-recurring operating income | 76A | €1,146 | - | -€1,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,669 | €28,451 | -€9,217 | -24.5% |
| Other operating charges | 640/8 | €8,214 | €8,331 | +€117 | +1.4% |
| Non-recurring operating charges | 66A | - | €647 | +€647 | |
| Gross operating margin | 9900 | €170,617 | €91,822 | -€78,795 | -46.2% |
| Operating profit (loss) | 9901 | €124,734 | €54,393 | -€70,341 | -56.4% |
| Financial income | 75/76B | €18,430 | €3,760 | -€14,670 | -79.6% |
| Recurring financial income | 75 | €1,044 | €3,760 | +€2,716 | +260.1% |
| Non-recurring financial income | 76B | €17,386 | - | -€17,386 | |
| Financial charges | 65/66B | €25,485 | €25,466 | -€19 | -0.1% |
| Recurring financial charges | 65 | €25,485 | €25,466 | -€19 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €117,679 | €32,687 | -€84,993 | -72.2% |
| Income taxes | 67/77 | €33,860 | €10,875 | -€22,985 | -67.9% |
| Profit (loss) for the period | 9904 | €83,819 | €21,812 | -€62,007 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,819 | €21,812 | -€62,007 | -74.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.