T.P.D.: 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.
T.P.D.
Largest movements
- Tangible fixed assets +€344,931
up €344,931 (+9741.0%), from €3,541 to €348,472
of which Land and buildings: +€346,510
- Debts after one year +€231,246
up €231,246 (+1780.8%), from €12,985 to €244,231
- Other debts +€98,066
up €98,066 (+328.1%), from €29,886 to €127,952
- Reserves +€47,850
up €47,850 (+22.3%), from €214,606 to €262,456
- Current portion of long-term debt -€26,756
down €26,756 (-51.9%), from €51,511 to €24,754
- Tax, wage and social debts -€10,678
down €10,678 (-69.1%), from €15,451 to €4,773
- Gross operating margin +€20,317
up €20,317 (+30.3%), from €67,087 to €87,404
- Depreciation +€11,890
up €11,890 (+753.3%), from €1,578 to €13,469
- Other operating charges +€2,307
up €2,307 (+595.6%), from €387 to €2,694
- Financial charges +€1,453
up €1,453 (+37.9%), from €3,830 to €5,283
- Write-downs +€1,186
new in 2026: €1,186
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,557 | €693,663 | +€345,106 | +99.0% |
| Fixed assets | 21/28 | €3,541 | €348,472 | +€344,931 | +9741.0% |
| Tangible fixed assets | 22/27 | €3,541 | €348,472 | +€344,931 | +9741.0% |
| Land and buildings | 22 | - | €346,510 | +€346,510 | |
| Plant, machinery and equipment | 23 | €3,541 | €1,963 | -€1,578 | -44.6% |
| Current assets | 29/58 | €345,016 | €345,191 | +€174 | +0.1% |
| Amounts receivable after more than one year | 29 | €313,200 | €316,500 | +€3,300 | +1.1% |
| Other amounts receivable | 291 | €313,200 | €316,500 | +€3,300 | +1.1% |
| Amounts receivable within one year | 40/41 | €18,782 | €18,701 | -€81 | -0.4% |
| Trade receivables | 40 | €16,397 | €17,256 | +€859 | +5.2% |
| Other amounts receivable | 41 | €2,384 | €1,445 | -€940 | -39.4% |
| Cash at bank and in hand | 54/58 | €13,035 | €9,990 | -€3,045 | -23.4% |
| Total equity and liabilities | 10/49 | €348,557 | €693,663 | +€345,106 | +99.0% |
| Equity | 10/15 | €233,206 | €281,056 | +€47,850 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,606 | €262,456 | +€47,850 | +22.3% |
| Distributable reserves | 133 | €214,606 | €262,456 | +€47,850 | +22.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €115,352 | €412,607 | +€297,256 | +257.7% |
| Amounts payable after more than one year | 17 | €12,985 | €244,231 | +€231,246 | +1780.8% |
| Financial debts | 170/4 | €12,985 | €244,231 | +€231,246 | +1780.8% |
| Amounts payable within one year | 42/48 | €102,366 | €167,455 | +€65,089 | +63.6% |
| Current portion of amounts payable after more than one year | 42 | €51,511 | €24,754 | -€26,756 | -51.9% |
| Financial debts | 43 | €5,044 | €6,685 | +€1,641 | +32.5% |
| Other loans | 439 | €5,044 | €6,685 | +€1,641 | +32.5% |
| Trade debts | 44 | €474 | €3,291 | +€2,817 | +593.9% |
| Suppliers | 440/4 | €474 | €3,291 | +€2,817 | +593.9% |
| Taxes, remuneration and social security | 45 | €15,451 | €4,773 | -€10,678 | -69.1% |
| Taxes | 450/3 | €15,451 | €4,773 | -€10,678 | -69.1% |
| Other amounts payable | 47/48 | €29,886 | €127,952 | +€98,066 | +328.1% |
| Accrued charges and deferred income | 492/3 | - | €921 | +€921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,578 | €13,469 | +€11,890 | +753.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,186 | +€1,186 | |
| Other operating charges | 640/8 | €387 | €2,694 | +€2,307 | +595.6% |
| Gross operating margin | 9900 | €67,087 | €87,404 | +€20,317 | +30.3% |
| Operating profit (loss) | 9901 | €65,121 | €70,054 | +€4,933 | +7.6% |
| Financial income | 75/76B | €3,300 | €3,300 | = | 0.0% |
| Recurring financial income | 75 | €3,300 | €3,300 | = | 0.0% |
| Financial charges | 65/66B | €3,830 | €5,283 | +€1,453 | +37.9% |
| Recurring financial charges | 65 | €3,830 | €5,283 | +€1,453 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €64,591 | €68,072 | +€3,480 | +5.4% |
| Income taxes | 67/77 | €17,616 | €18,555 | +€940 | +5.3% |
| Profit (loss) for the period | 9904 | €46,975 | €49,516 | +€2,541 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,975 | €49,516 | +€2,541 | +5.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.