TGT psy: 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.
TGT psy
Largest movements
- Cash -€7,058
down €7,058 (-79.6%), from €8,872 to €1,814
mainly Debts after one year (-€20,323) and Investment in fixed assets (net) (-€13,332)
- Tangible fixed assets -€2,256
down €2,256 (-1.3%), from €175,480 to €173,224
of which Other tangible fixed assets: -€1,854
- Debts after one year -€20,323
down €20,323 (-62.7%), from €32,419 to €12,096
- Profit (loss) carried forward +€12,775
up €12,775 (+53.1%), from €24,064 to €36,839
- Tax, wage and social debts -€2,232
down €2,232 (-70.2%), from €3,181 to €949
- Staff costs +€5,749
new in 2025: €5,749
- Taxes -€1,035
down €1,035 (-20.5%), from €5,044 to €4,009
- Financial charges -€581
down €581 (-28.5%), from €2,036 to €1,455
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 | €188,617 | €179,853 | -€8,764 | -4.6% |
| Fixed assets | 21/28 | €177,928 | €175,882 | -€2,046 | -1.1% |
| Tangible fixed assets | 22/27 | €175,480 | €173,224 | -€2,256 | -1.3% |
| Land and buildings | 22 | €168,555 | €166,927 | -€1,628 | -1.0% |
| Furniture and vehicles | 24 | €1,774 | €3,001 | +€1,227 | +69.1% |
| Other tangible fixed assets | 26 | €5,151 | €3,297 | -€1,854 | -36.0% |
| Financial fixed assets | 28 | €2,448 | €2,658 | +€210 | +8.6% |
| Current assets | 29/58 | €10,689 | €3,971 | -€6,718 | -62.8% |
| Cash at bank and in hand | 54/58 | €8,872 | €1,814 | -€7,058 | -79.6% |
| Deferred charges and accrued income | 490/1 | €1,817 | €2,157 | +€340 | +18.7% |
| Total equity and liabilities | 10/49 | €188,617 | €179,853 | -€8,764 | -4.6% |
| Equity | 10/15 | €129,064 | €141,839 | +€12,775 | +9.9% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,064 | €36,839 | +€12,775 | +53.1% |
| Amounts payable | 17/49 | €59,553 | €38,014 | -€21,539 | -36.2% |
| Amounts payable after more than one year | 17 | €32,419 | €12,096 | -€20,323 | -62.7% |
| Financial debts | 170/4 | €32,419 | €12,096 | -€20,323 | -62.7% |
| Amounts payable within one year | 42/48 | €26,710 | €25,126 | -€1,584 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €19,813 | €20,323 | +€510 | +2.6% |
| Trade debts | 44 | €2,098 | €2,236 | +€138 | +6.6% |
| Suppliers | 440/4 | €2,098 | €2,236 | +€138 | +6.6% |
| Taxes, remuneration and social security | 45 | €3,181 | €949 | -€2,232 | -70.2% |
| Taxes | 450/3 | €3,181 | €949 | -€2,232 | -70.2% |
| Other amounts payable | 47/48 | €1,619 | €1,619 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €423 | €791 | +€368 | +87.0% |
| Remuneration, social security and pensions | 62 | - | €5,749 | +€5,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,199 | €15,377 | +€178 | +1.2% |
| Other operating charges | 640/8 | €2,059 | €2,118 | +€58 | +2.8% |
| Non-recurring operating charges | 66A | €600 | €0 | -€600 | -100% |
| Gross operating margin | 9900 | €41,731 | €41,483 | -€248 | -0.6% |
| Operating profit (loss) | 9901 | €23,872 | €18,239 | -€5,633 | -23.6% |
| Financial charges | 65/66B | €2,036 | €1,455 | -€581 | -28.5% |
| Recurring financial charges | 65 | €2,036 | €1,455 | -€581 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €21,836 | €16,784 | -€5,052 | -23.1% |
| Income taxes | 67/77 | €5,044 | €4,009 | -€1,035 | -20.5% |
| Profit (loss) for the period | 9904 | €16,793 | €12,775 | -€4,018 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,793 | €12,775 | -€4,018 | -23.9% |
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 15 October 2026 via checked.be.