TIP-TOP PNEU: 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.
TIP-TOP PNEU
Largest movements
- Stocks and contracts +€68,381
up €68,381 (+230%), from €29,707 to €98,088
- Tangible fixed assets +€43,923
up €43,923 (+548%), from €8,013 to €51,936
of which Furniture and vehicles: +€36,757
- Receivables within one year -€34,779
down €34,779 (-98.5%), from €35,317 to €538
of which Other amounts receivable: -€32,604
- Receivables after one year +€30,000
new in 2025: €30,000
- Cash -€28,729
down €28,729 (-36.2%), from €79,269 to €50,539
mainly Stocks and contracts (-€68,381) and Investment in fixed assets (net) (-€60,686)
- Profit (loss) carried forward +€45,497
up €45,497 (+46.6%), from €97,532 to €143,029
- Current portion of long-term debt +€14,996
new in 2025: €14,996
- Debts after one year +€11,662
new in 2025: €11,662
- Trade debts +€8,557
up €8,557 (+45.2%), from €18,927 to €27,484
- Tax, wage and social debts +€6,238
up €6,238 (+72.1%), from €8,657 to €14,895
- Gross operating margin +€25,883
up €25,883 (+46.8%), from €55,299 to €81,182
- Taxes +€10,100
up €10,100 (+101%), from €10,036 to €20,136
- Depreciation +€5,085
up €5,085 (+125%), from €4,055 to €9,140
- Other operating charges +€4,280
up €4,280 (+1,157%), from €370 to €4,650
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 | €153,622 | €242,219 | +€88,597 | +57.7% |
| Fixed assets | 21/28 | €8,013 | €59,559 | +€51,546 | +643% |
| Tangible fixed assets | 22/27 | €8,013 | €51,936 | +€43,923 | +548% |
| Plant, machinery and equipment | 23 | - | €3,262 | +€3,262 | |
| Furniture and vehicles | 24 | €8,013 | €44,770 | +€36,757 | +459% |
| Other tangible fixed assets | 26 | - | €3,903 | +€3,903 | |
| Financial fixed assets | 28 | - | €7,623 | +€7,623 | |
| Current assets | 29/58 | €145,609 | €182,660 | +€37,051 | +25.4% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Stocks and contracts in progress | 3 | €29,707 | €98,088 | +€68,381 | +230% |
| Stocks | 30/36 | €29,707 | €98,088 | +€68,381 | +230% |
| Amounts receivable within one year | 40/41 | €35,317 | €538 | -€34,779 | -98.5% |
| Trade receivables | 40 | €2,175 | - | -€2,175 | |
| Other amounts receivable | 41 | €33,142 | €538 | -€32,604 | -98.4% |
| Cash at bank and in hand | 54/58 | €79,269 | €50,539 | -€28,729 | -36.2% |
| Deferred charges and accrued income | 490/1 | €1,316 | €3,495 | +€2,178 | +165% |
| Total equity and liabilities | 10/49 | €153,622 | €242,219 | +€88,597 | +57.7% |
| Equity | 10/15 | €107,532 | €153,029 | +€45,497 | +42.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,532 | €143,029 | +€45,497 | +46.6% |
| Amounts payable | 17/49 | €46,090 | €89,190 | +€43,100 | +93.5% |
| Amounts payable after more than one year | 17 | - | €11,662 | +€11,662 | |
| Financial debts | 170/4 | - | €11,662 | +€11,662 | |
| Amounts payable within one year | 42/48 | €46,090 | €75,527 | +€29,437 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | - | €14,996 | +€14,996 | |
| Trade debts | 44 | €18,927 | €27,484 | +€8,557 | +45.2% |
| Suppliers | 440/4 | €18,927 | €27,484 | +€8,557 | +45.2% |
| Taxes, remuneration and social security | 45 | €8,657 | €14,895 | +€6,238 | +72.1% |
| Taxes | 450/3 | €8,657 | €14,895 | +€6,238 | +72.1% |
| Other amounts payable | 47/48 | €18,506 | €18,153 | -€353 | -1.9% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,055 | €9,140 | +€5,085 | +125% |
| Other operating charges | 640/8 | €370 | €4,650 | +€4,280 | +1,157% |
| Gross operating margin | 9900 | €55,299 | €81,182 | +€25,883 | +46.8% |
| Operating profit (loss) | 9901 | €50,874 | €67,392 | +€16,518 | +32.5% |
| Financial income | 75/76B | €0 | €140 | +€140 | +51,748% |
| Recurring financial income | 75 | €0 | €140 | +€140 | +51,748% |
| Financial charges | 65/66B | €1,503 | €1,899 | +€395 | +26.3% |
| Recurring financial charges | 65 | €1,503 | €1,899 | +€395 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €49,371 | €65,633 | +€16,262 | +32.9% |
| Income taxes | 67/77 | €10,036 | €20,136 | +€10,100 | +101% |
| Profit (loss) for the period | 9904 | €39,335 | €45,497 | +€6,162 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,335 | €45,497 | +€6,162 | +15.7% |
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 29 October 2026 via checked.be.