TG-Group: 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.
What changed
TG-Group
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€383,585
2024 · €378,099+€5,485
Equity
€1.0m
2024 · €719,822+€329,821
Cash
€45,871
2024 · €4,851+€41,020
Balance sheet total
€10.8m
2024 · €10.8m-€8,980
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€6.9m
up €6.9m (+138,910%), from €5,000 to €7.0m
- Debts after one year -€6.7m
down €6.7m (-72.8%), from €9.2m to €2.5m
- Current portion of long-term debt -€560,252
down €560,252 (-100%), from €560,252 to €0
- Reserves +€329,821
up €329,821 (+150%), from €219,822 to €549,643
Income statement
- Financial income +€900,000
up €900,000 (+129%), from €695,000 to €1.6m
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.
Result 2024
€378,099
Other operating charges
-€969
Other operating items
-€882,038
Financial income
+€900,000
Financial charges
-€11,508
Result 2025
€383,585
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€7.4m
Investment
€0
Financing
-€7.3m
Cash 2024
€4,851
From operations (derived)
+€7.4m
Net result for the year
+€383,585
Receivables within one year
+€50,000
Smaller working-capital items
-€24,748
Other debts
+€6.9m
Financing
-€7.3m
Debts after one year
-€6.7m
Current portion of long-term debt
-€560,252
Contributions, distributions and other
-€53,764
Cash 2025
€45,871
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,779,851 | €10,770,871 | -€8,980 | -0.1% |
| Fixed assets | 21/28 | €10,725,000 | €10,725,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,725,000 | €10,725,000 | = | 0.0% |
| Affiliated companies | 280/1 | €10,725,000 | €10,725,000 | = | 0.0% |
| Participating interests | 280 | €10,725,000 | €10,725,000 | = | 0.0% |
| Current assets | 29/58 | €54,851 | €45,871 | -€8,980 | -16.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 41 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €4,851 | €45,871 | +€41,020 | +846% |
| Total equity and liabilities | 10/49 | €10,779,851 | €10,770,871 | -€8,980 | -0.1% |
| Equity | 10/15 | €719,822 | €1,049,643 | +€329,821 | +45.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €219,822 | €549,643 | +€329,821 | +150% |
| Distributable reserves | 133 | €219,822 | €549,643 | +€329,821 | +150% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €10,060,028 | €9,721,228 | -€338,801 | -3.4% |
| Amounts payable after more than one year | 17 | €9,199,278 | €2,500,000 | -€6.7m | -72.8% |
| Financial debts | 170/4 | €9,199,278 | €2,500,000 | -€6.7m | -72.8% |
| Subordinated loans | 170 | €6,075,000 | €2,500,000 | -€3.6m | -58.8% |
| Credit institutions | 173 | €3,124,278 | €0 | -€3.1m | -100% |
| Amounts payable within one year | 42/48 | €573,953 | €6,950,478 | +€6.4m | +1,111% |
| Current portion of amounts payable after more than one year | 42 | €560,252 | €0 | -€560,252 | -100% |
| Trade debts | 44 | €8,701 | €0 | -€8,701 | -100% |
| Suppliers | 440/4 | €8,701 | €0 | -€8,701 | -100% |
| Other amounts payable | 47/48 | €5,000 | €6,950,478 | +€6.9m | +138,910% |
| Accrued charges and deferred income | 492/3 | €286,797 | €270,750 | -€16,047 | -5.6% |
| Operating income | 70/76A | - | €6,456 | +€6,456 | |
| Other operating income | 74 | - | €6,456 | +€6,456 | |
| Operating charges | 60/66A | €14,958 | €904,421 | +€889,463 | +5,947% |
| Services and other goods | 61 | €14,430 | €2,924 | -€11,505 | -79.7% |
| Other operating charges | 640/8 | €528 | €1,496 | +€969 | +183% |
| Non-recurring operating charges | 66A | - | €900,000 | +€900,000 | |
| Operating profit (loss) | 9901 | -€14,958 | -€897,965 | -€883,007 | -5,903% |
| Financial income | 75/76B | €695,000 | €1,595,000 | +€900,000 | +129% |
| Recurring financial income | 75 | €695,000 | €1,595,000 | +€900,000 | +129% |
| Income from financial fixed assets | 750 | €695,000 | €1,595,000 | +€900,000 | +129% |
| Financial charges | 65/66B | €301,943 | €313,451 | +€11,508 | +3.8% |
| Recurring financial charges | 65 | €301,943 | €313,451 | +€11,508 | +3.8% |
| Debt charges | 650 | €301,748 | €313,227 | +€11,478 | +3.8% |
| Other financial charges | 652/9 | €195 | €224 | +€29 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €378,099 | €383,585 | +€5,485 | +1.5% |
| Profit (loss) for the period | 9904 | €378,099 | €383,585 | +€5,485 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €378,099 | €383,585 | +€5,485 | +1.5% |
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 16 October 2026 via checked.be.