TePiC: what changed
TePiC
Largest movements
- Cash +€1.3m
up €1.3m (+1,051%), from €126,519 to €1.5m
mainly Current investments (+€1.1m) and Other debts (+€417,076)
- Current investments -€1.1m
down €1.1m (-95.5%), from €1.1m to €51,158
- Tangible fixed assets -€81,213
down €81,213 (-17.4%), from €467,744 to €386,531
of which Furniture and vehicles: -€68,420
- Receivables within one year -€72,306
down €72,306 (-98.7%), from €73,256 to €950
of which Trade receivables: -€71,551
- Other debts +€417,076
up €417,076 (+269%), from €155,300 to €572,376
- Reserves -€363,577
down €363,577 (-25.1%), from €1.4m to €1.1m
- Tax, wage and social debts +€36,898
up €36,898 (+65.0%), from €56,796 to €93,694
- Financial income -€436,059
down €436,059 (-90.1%), from €483,786 to €47,728
of which Non-recurring financial income: -€450,413
- Gross operating margin +€98,698
up €98,698 (+63.8%), from €154,647 to €253,345
- Depreciation -€10,684
down €10,684 (-28.2%), from €37,880 to €27,196
- Taxes -€4,020
down €4,020 (-4.9%), from €82,780 to €78,760
- Other operating charges -€3,031
down €3,031 (-34.4%), from €8,822 to €5,791
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,814,497 | €1,896,556 | +€82,060 | +4.5% |
| Fixed assets | 21/28 | €467,799 | €386,586 | -€81,213 | -17.4% |
| Tangible fixed assets | 22/27 | €467,744 | €386,531 | -€81,213 | -17.4% |
| Land and buildings | 22 | €353,513 | €343,700 | -€9,813 | -2.8% |
| Plant, machinery and equipment | 23 | €16,194 | €13,215 | -€2,980 | -18.4% |
| Furniture and vehicles | 24 | €98,037 | €29,617 | -€68,420 | -69.8% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €1,346,698 | €1,509,970 | +€163,273 | +12.1% |
| Amounts receivable within one year | 40/41 | €73,256 | €950 | -€72,306 | -98.7% |
| Trade receivables | 40 | €72,501 | €950 | -€71,551 | -98.7% |
| Other amounts receivable | 41 | €756 | €0 | -€756 | -100% |
| Current investments | 50/53 | €1,132,003 | €51,158 | -€1.1m | -95.5% |
| Cash at bank and in hand | 54/58 | €126,519 | €1,455,611 | +€1.3m | +1,051% |
| Deferred charges and accrued income | 490/1 | €14,919 | €2,252 | -€12,667 | -84.9% |
| Total equity and liabilities | 10/49 | €1,814,497 | €1,896,556 | +€82,060 | +4.5% |
| Equity | 10/15 | €1,454,241 | €1,090,665 | -€363,577 | -25.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,448,041 | €1,084,465 | -€363,577 | -25.1% |
| Distributable reserves | 133 | €1,448,041 | €1,084,465 | -€363,577 | -25.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €360,256 | €805,892 | +€445,636 | +124% |
| Amounts payable after more than one year | 17 | €131,769 | €118,696 | -€13,073 | -9.9% |
| Financial debts | 170/4 | €131,769 | €118,696 | -€13,073 | -9.9% |
| Amounts payable within one year | 42/48 | €228,487 | €687,196 | +€458,710 | +201% |
| Current portion of amounts payable after more than one year | 42 | €12,922 | €13,073 | +€151 | +1.2% |
| Trade debts | 44 | €3,469 | €7,526 | +€4,057 | +117% |
| Suppliers | 440/4 | €3,469 | €7,526 | +€4,057 | +117% |
| Advances received on contracts in progress | 46 | - | €527 | +€527 | |
| Taxes, remuneration and social security | 45 | €56,796 | €93,694 | +€36,898 | +65.0% |
| Taxes | 450/3 | €56,796 | €93,694 | +€36,898 | +65.0% |
| Other amounts payable | 47/48 | €155,300 | €572,376 | +€417,076 | +269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,880 | €27,196 | -€10,684 | -28.2% |
| Other operating charges | 640/8 | €8,822 | €5,791 | -€3,031 | -34.4% |
| Non-recurring operating charges | 66A | - | €13,990 | +€13,990 | |
| Gross operating margin | 9900 | €154,647 | €253,345 | +€98,698 | +63.8% |
| Operating profit (loss) | 9901 | €107,945 | €206,367 | +€98,423 | +91.2% |
| Financial income | 75/76B | €483,786 | €47,728 | -€436,059 | -90.1% |
| Recurring financial income | 75 | €33,373 | €47,728 | +€14,354 | +43.0% |
| Non-recurring financial income | 76B | €450,413 | - | -€450,413 | |
| Financial charges | 65/66B | €2,300 | €3,970 | +€1,670 | +72.6% |
| Recurring financial charges | 65 | €2,300 | €3,970 | +€1,670 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €589,430 | €250,125 | -€339,306 | -57.6% |
| Income taxes | 67/77 | €82,780 | €78,760 | -€4,020 | -4.9% |
| Profit (loss) for the period | 9904 | €506,650 | €171,365 | -€335,285 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €506,650 | €171,365 | -€335,285 | -66.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.