TIP TOP PARTS: what changed
TIP TOP PARTS
Largest movements
- Receivables within one year +€116,016
up €116,016 (+235%), from €49,320 to €165,336
of which Trade receivables: +€116,992
- Tangible fixed assets +€52,269
up €52,269 (+20,908%), from €250 to €52,519
of which Furniture and vehicles: +€52,269
- Cash -€11,442
down €11,442 (-86.7%), from €13,192 to €1,750
mainly Receivables within one year (-€116,016) and Investment in fixed assets (net) (-€64,500)
- Stocks and contracts -€9,800
down €9,800 (-3.1%), from €315,204 to €305,404
- Debts after one year +€101,518
up €101,518 (+281%), from €36,120 to €137,638
- Other debts +€80,890
up €80,890 (+429%), from €18,860 to €99,750
- Trade debts -€48,124
down €48,124 (-93.4%), from €51,550 to €3,426
- Tax, wage and social debts -€38,492
down €38,492 (-63.6%), from €60,545 to €22,053
of which Taxes: -€33,635
- Current portion of long-term debt +€26,876
up €26,876 (+131%), from €20,525 to €47,401
- Staff costs -€44,418
down €44,418 (-32.7%), from €135,672 to €91,254
- Gross operating margin -€30,005
down €30,005 (-19.2%), from €156,517 to €126,512
- Depreciation +€11,883
up €11,883 (+3,416%), from €348 to €12,231
- Other operating charges -€6,775
down €6,775 (-79.0%), from €8,578 to €1,802
- Financial charges +€4,391
up €4,391 (+45.2%), from €9,717 to €14,108
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 | €383,670 | €528,227 | +€144,558 | +37.7% |
| Fixed assets | 21/28 | €3,447 | €55,716 | +€52,269 | +1,516% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €250 | €52,519 | +€52,269 | +20,908% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €250 | €52,519 | +€52,269 | +20,908% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €3,197 | €3,197 | = | 0.0% |
| Current assets | 29/58 | €380,222 | €472,511 | +€92,289 | +24.3% |
| Stocks and contracts in progress | 3 | €315,204 | €305,404 | -€9,800 | -3.1% |
| Stocks | 30/36 | €315,204 | €305,404 | -€9,800 | -3.1% |
| Amounts receivable within one year | 40/41 | €49,320 | €165,336 | +€116,016 | +235% |
| Trade receivables | 40 | €47,565 | €164,557 | +€116,992 | +246% |
| Other amounts receivable | 41 | €1,755 | €779 | -€976 | -55.6% |
| Current investments | 50/53 | - | €21 | +€21 | |
| Cash at bank and in hand | 54/58 | €13,192 | €1,750 | -€11,442 | -86.7% |
| Deferred charges and accrued income | 490/1 | €2,506 | - | -€2,506 | |
| Total equity and liabilities | 10/49 | €383,670 | €528,227 | +€144,558 | +37.7% |
| Equity | 10/15 | €196,069 | €198,192 | +€2,124 | +1.1% |
| Contributions | 10/11 | €117,184 | €117,184 | = | 0.0% |
| Reserves | 13 | €78,885 | €78,885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,718 | €11,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,718 | €11,718 | = | 0.0% |
| Distributable reserves | 133 | €67,166 | €67,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,124 | +€2,124 | |
| Amounts payable | 17/49 | €187,601 | €330,035 | +€142,434 | +75.9% |
| Amounts payable after more than one year | 17 | €36,120 | €137,638 | +€101,518 | +281% |
| Financial debts | 170/4 | €36,120 | €137,638 | +€101,518 | +281% |
| Amounts payable within one year | 42/48 | €151,481 | €192,398 | +€40,917 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €20,525 | €47,401 | +€26,876 | +131% |
| Financial debts | 43 | - | €19,767 | +€19,767 | |
| Credit institutions | 430/8 | - | €19,767 | +€19,767 | |
| Trade debts | 44 | €51,550 | €3,426 | -€48,124 | -93.4% |
| Suppliers | 440/4 | €51,550 | €3,426 | -€48,124 | -93.4% |
| Taxes, remuneration and social security | 45 | €60,545 | €22,053 | -€38,492 | -63.6% |
| Taxes | 450/3 | €51,560 | €17,925 | -€33,635 | -65.2% |
| Remuneration and social security | 454/9 | €8,986 | €4,128 | -€4,858 | -54.1% |
| Other amounts payable | 47/48 | €18,860 | €99,750 | +€80,890 | +429% |
| Remuneration, social security and pensions | 62 | €135,672 | €91,254 | -€44,418 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €12,231 | +€11,883 | +3,416% |
| Other operating charges | 640/8 | €8,578 | €1,802 | -€6,775 | -79.0% |
| Gross operating margin | 9900 | €156,517 | €126,512 | -€30,005 | -19.2% |
| Operating profit (loss) | 9901 | €11,919 | €21,224 | +€9,305 | +78.1% |
| Financial income | 75/76B | €82 | €508 | +€425 | +518% |
| Recurring financial income | 75 | €82 | €508 | +€425 | +518% |
| Financial charges | 65/66B | €9,717 | €14,108 | +€4,391 | +45.2% |
| Recurring financial charges | 65 | €9,717 | €14,108 | +€4,391 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €2,284 | €7,624 | +€5,339 | +234% |
| Income taxes | 67/77 | €2,255 | €5,500 | +€3,245 | +144% |
| Profit (loss) for the period | 9904 | €30 | €2,124 | +€2,094 | +7,007% |
| Profit (loss) for the period to be appropriated | 9905 | €30 | €2,124 | +€2,094 | +7,007% |
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 1 November 2026 via checked.be.