TBX & TPX: 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.
TBX & TPX
Largest movements
- Tangible fixed assets -€4,993
down €4,993 (-10.5%), from €47,755 to €42,762
of which Plant, machinery and equipment: -€4,993
- Deferred charges and accrued income -€3,633
no longer reported in 2025 (was €3,633)
- Stocks and contracts -€3,300
down €3,300 (-19.1%), from €17,294 to €13,994
- Cash +€2,906
up €2,906 (+44.4%), from €6,545 to €9,451
mainly Debts after one year (+€8,818) and Depreciation (+€4,993)
- Profit (loss) carried forward -€12,921
down €12,921 (-6.4%), from -€202,681 to -€215,601
- Trade debts -€9,619
down €9,619 (-62.6%), from €15,369 to €5,750
- Debts after one year +€8,818
up €8,818 (+3.8%), from €231,839 to €240,656
- Other debts +€3,153
up €3,153 (+201%), from €1,567 to €4,721
- Tax, wage and social debts +€1,867
new in 2025: €1,867
- Purchases and services -€25,056
down €25,056 (-16.9%), from €147,881 to €122,825
- Gross operating margin +€14,275
up €14,275 (+76.9%), from -€18,566 to -€4,291
- Depreciation -€11,959
down €11,959 (-70.5%), from €16,952 to €4,993
- Turnover +€1,967
up €1,967 (+1.7%), from €114,567 to €116,534
- Financial charges +€1,669
up €1,669 (+150%), from €1,115 to €2,784
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.
Derived cash bridge
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 | €86,333 | €77,632 | -€8,702 | -10.1% |
| Fixed assets | 21/28 | €56,155 | €51,162 | -€4,993 | -8.9% |
| Tangible fixed assets | 22/27 | €47,755 | €42,762 | -€4,993 | -10.5% |
| Plant, machinery and equipment | 23 | €20,047 | €15,054 | -€4,993 | -24.9% |
| Furniture and vehicles | 24 | €27,708 | €27,708 | = | 0.0% |
| Financial fixed assets | 28 | €8,400 | €8,400 | = | 0.0% |
| Current assets | 29/58 | €30,178 | €26,470 | -€3,709 | -12.3% |
| Stocks and contracts in progress | 3 | €17,294 | €13,994 | -€3,300 | -19.1% |
| Stocks | 30/36 | €17,294 | €13,994 | -€3,300 | -19.1% |
| Amounts receivable within one year | 40/41 | €2,707 | €3,025 | +€318 | +11.7% |
| Trade receivables | 40 | - | €3,025 | +€3,025 | |
| Other amounts receivable | 41 | €2,707 | - | -€2,707 | |
| Cash at bank and in hand | 54/58 | €6,545 | €9,451 | +€2,906 | +44.4% |
| Deferred charges and accrued income | 490/1 | €3,633 | - | -€3,633 | |
| Total equity and liabilities | 10/49 | €86,333 | €77,632 | -€8,702 | -10.1% |
| Equity | 10/15 | -€162,441 | -€175,362 | -€12,921 | -8.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | - | -€40,000 | |
| Issued capital | 100 | €40,000 | - | -€40,000 | |
| Reserves | 13 | €239 | €239 | = | 0.0% |
| Distributable reserves | 133 | €239 | €239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,681 | -€215,601 | -€12,921 | -6.4% |
| Amounts payable | 17/49 | €248,775 | €252,994 | +€4,219 | +1.7% |
| Amounts payable after more than one year | 17 | €231,839 | €240,656 | +€8,818 | +3.8% |
| Other amounts payable | 178/9 | €231,839 | €240,656 | +€8,818 | +3.8% |
| Amounts payable within one year | 42/48 | €16,936 | €12,337 | -€4,599 | -27.2% |
| Trade debts | 44 | €15,369 | €5,750 | -€9,619 | -62.6% |
| Suppliers | 440/4 | €15,369 | €5,750 | -€9,619 | -62.6% |
| Taxes, remuneration and social security | 45 | - | €1,867 | +€1,867 | |
| Taxes | 450/3 | - | €1,867 | +€1,867 | |
| Other amounts payable | 47/48 | €1,567 | €4,721 | +€3,153 | +201% |
| Turnover | 70 | €114,567 | €116,534 | +€1,967 | +1.7% |
| Non-recurring operating income | 76A | €14,747 | - | -€14,747 | |
| Goods, raw materials, services and sundry goods | 60/61 | €147,881 | €122,825 | -€25,056 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,952 | €4,993 | -€11,959 | -70.5% |
| Other operating charges | 640/8 | €1,175 | €853 | -€322 | -27.4% |
| Gross operating margin | 9900 | -€18,566 | -€4,291 | +€14,275 | +76.9% |
| Operating profit (loss) | 9901 | -€36,693 | -€10,136 | +€26,557 | +72.4% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €1,115 | €2,784 | +€1,669 | +150% |
| Recurring financial charges | 65 | €1,115 | €2,784 | +€1,669 | +150% |
| Profit (loss) for the period before taxes | 9903 | -€37,794 | -€12,921 | +€24,874 | +65.8% |
| Profit (loss) for the period | 9904 | -€37,794 | -€12,921 | +€24,874 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,794 | -€12,921 | +€24,874 | +65.8% |
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 24 October 2026 via checked.be.