T.P.J.: what changed
T.P.J.
Largest movements
- Current investments -€38,048
no longer reported in 2024 (was €38,048)
- Receivables within one year +€33,676
up €33,676 (+15.5%), from €216,638 to €250,315
of which Other amounts receivable: +€28,937
- Cash -€8,992
down €8,992 (-82.8%), from €10,860 to €1,868
mainly Receivables within one year (-€33,676) and Net result for the year (-€25,792)
- Tangible fixed assets -€8,727
down €8,727 (-56.1%), from €15,544 to €6,817
of which Furniture and vehicles: -€8,727
- Reserves -€25,792
down €25,792 (-15.8%), from €163,298 to €137,506
of which Distributable reserves: -€25,792
- Tax, wage and social debts +€5,104
up €5,104 (+66.2%), from €7,712 to €12,815
of which Taxes: +€4,793
- Trade debts -€3,158
down €3,158 (-44.5%), from €7,098 to €3,940
- Gross operating margin +€11,355
up €11,355 (+75.3%), from -€15,070 to -€3,715
- Other operating charges -€3,194
down €3,194 (-47.3%), from €6,753 to €3,559
- Staff costs +€3,112
up €3,112 (+15.1%), from €20,673 to €23,784
- Financial income +€1,146
up €1,146 (+8.0%), from €14,363 to €15,510
- Depreciation -€931
down €931 (-9.6%), from €9,658 to €8,727
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,269 | €263,422 | -€23,847 | -8.3% |
| Fixed assets | 21/28 | €18,844 | €7,717 | -€11,127 | -59.0% |
| Tangible fixed assets | 22/27 | €15,544 | €6,817 | -€8,727 | -56.1% |
| Land and buildings | 22 | €1,430 | €1,430 | = | 0.0% |
| Furniture and vehicles | 24 | €14,114 | €5,387 | -€8,727 | -61.8% |
| Financial fixed assets | 28 | €3,300 | €900 | -€2,400 | -72.7% |
| Current assets | 29/58 | €268,424 | €255,705 | -€12,719 | -4.7% |
| Amounts receivable within one year | 40/41 | €216,638 | €250,315 | +€33,676 | +15.5% |
| Trade receivables | 40 | €15,987 | €20,726 | +€4,739 | +29.6% |
| Other amounts receivable | 41 | €200,651 | €229,588 | +€28,937 | +14.4% |
| Current investments | 50/53 | €38,048 | - | -€38,048 | |
| Cash at bank and in hand | 54/58 | €10,860 | €1,868 | -€8,992 | -82.8% |
| Deferred charges and accrued income | 490/1 | €2,878 | €3,522 | +€644 | +22.4% |
| Total equity and liabilities | 10/49 | €287,269 | €263,422 | -€23,847 | -8.3% |
| Equity | 10/15 | €272,459 | €246,667 | -€25,792 | -9.5% |
| Contributions | 10/11 | €109,161 | €109,161 | = | 0.0% |
| Contributions outside capital | 11 | €109,161 | €109,161 | = | 0.0% |
| Other | 1109/19 | €109,161 | €109,161 | = | 0.0% |
| Reserves | 13 | €163,298 | €137,506 | -€25,792 | -15.8% |
| Non-distributable reserves | 130/1 | €14,179 | €14,179 | = | 0.0% |
| Legal reserve | 130 | €14,179 | €14,179 | = | 0.0% |
| Distributable reserves | 133 | €149,119 | €123,327 | -€25,792 | -17.3% |
| Amounts payable | 17/49 | €14,810 | €16,755 | +€1,945 | +13.1% |
| Amounts payable within one year | 42/48 | €14,810 | €16,755 | +€1,945 | +13.1% |
| Trade debts | 44 | €7,098 | €3,940 | -€3,158 | -44.5% |
| Suppliers | 440/4 | €7,098 | €3,940 | -€3,158 | -44.5% |
| Taxes, remuneration and social security | 45 | €7,712 | €12,815 | +€5,104 | +66.2% |
| Taxes | 450/3 | €7,038 | €11,831 | +€4,793 | +68.1% |
| Remuneration and social security | 454/9 | €674 | €984 | +€311 | +46.1% |
| Remuneration, social security and pensions | 62 | €20,673 | €23,784 | +€3,112 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,658 | €8,727 | -€931 | -9.6% |
| Other operating charges | 640/8 | €6,753 | €3,559 | -€3,194 | -47.3% |
| Non-recurring operating charges | 66A | €2,032 | - | -€2,032 | |
| Gross operating margin | 9900 | -€15,070 | -€3,715 | +€11,355 | +75.3% |
| Operating profit (loss) | 9901 | -€54,186 | -€39,786 | +€14,400 | +26.6% |
| Financial income | 75/76B | €14,363 | €15,510 | +€1,146 | +8.0% |
| Recurring financial income | 75 | €14,363 | €15,510 | +€1,146 | +8.0% |
| Financial charges | 65/66B | €1,062 | €887 | -€175 | -16.5% |
| Recurring financial charges | 65 | €1,062 | €887 | -€175 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,885 | -€25,163 | +€15,721 | +38.5% |
| Income taxes | 67/77 | €633 | €629 | -€4 | -0.7% |
| Profit (loss) for the period | 9904 | -€41,518 | -€25,792 | +€15,726 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,518 | -€25,792 | +€15,726 | +37.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.