TIPEAS: 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.
TIPEAS
Largest movements
- Cash -€127,516
down €127,516 (-67.6%), from €188,556 to €61,040
mainly Other debts (-€150,126) and Contributions, distributions and other (-€48,237)
- Current investments -€43,448
down €43,448 (-25.1%), from €173,330 to €129,882
- Other debts -€150,126
down €150,126 (-75.7%), from €198,363 to €48,237
- Reserves -€18,047
down €18,047 (-10.6%), from €170,228 to €152,181
- Financial income +€10,864
up €10,864 (+400%), from €2,718 to €13,581
- Gross operating margin -€7,667
down €7,667 (-17.7%), from €43,266 to €35,599
- Financial charges +€2,276
up €2,276 (+444%), from €513 to €2,789
- Write-downs -€875
down €875 (-100%), from €875 to €0
- Taxes +€754
up €754 (+5.6%), from €13,561 to €14,315
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 | €392,363 | €222,863 | -€169,500 | -43.2% |
| Fixed assets | 21/28 | €1,691 | €1,278 | -€413 | -24.4% |
| Tangible fixed assets | 22/27 | €1,691 | €1,278 | -€413 | -24.4% |
| Furniture and vehicles | 24 | €1,691 | €1,278 | -€413 | -24.4% |
| Current assets | 29/58 | €390,672 | €221,585 | -€169,087 | -43.3% |
| Amounts receivable within one year | 40/41 | €28,306 | €30,330 | +€2,024 | +7.1% |
| Trade receivables | 40 | €27,423 | €29,089 | +€1,667 | +6.1% |
| Other amounts receivable | 41 | €883 | €1,240 | +€357 | +40.4% |
| Current investments | 50/53 | €173,330 | €129,882 | -€43,448 | -25.1% |
| Cash at bank and in hand | 54/58 | €188,556 | €61,040 | -€127,516 | -67.6% |
| Deferred charges and accrued income | 490/1 | €481 | €334 | -€147 | -30.6% |
| Total equity and liabilities | 10/49 | €392,363 | €222,863 | -€169,500 | -43.2% |
| Equity | 10/15 | €190,488 | €172,441 | -€18,047 | -9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,228 | €152,181 | -€18,047 | -10.6% |
| Distributable reserves | 133 | €170,228 | €152,181 | -€18,047 | -10.6% |
| Profit (loss) carried forward | 14 | €14,061 | €14,061 | = | 0.0% |
| Amounts payable | 17/49 | €201,875 | €50,422 | -€151,453 | -75.0% |
| Amounts payable within one year | 42/48 | €201,875 | €50,422 | -€151,453 | -75.0% |
| Trade debts | 44 | €561 | €846 | +€285 | +50.8% |
| Suppliers | 440/4 | €561 | €846 | +€285 | +50.8% |
| Taxes, remuneration and social security | 45 | €2,951 | €1,339 | -€1,613 | -54.6% |
| Taxes | 450/3 | €2,951 | €1,339 | -€1,613 | -54.6% |
| Other amounts payable | 47/48 | €198,363 | €48,237 | -€150,126 | -75.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | €1,487 | -€301 | -16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €875 | €0 | -€875 | -100% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €43,266 | €35,599 | -€7,667 | -17.7% |
| Operating profit (loss) | 9901 | €40,216 | €33,713 | -€6,503 | -16.2% |
| Financial income | 75/76B | €2,718 | €13,581 | +€10,864 | +400% |
| Recurring financial income | 75 | €2,718 | €13,581 | +€10,864 | +400% |
| Financial charges | 65/66B | €513 | €2,789 | +€2,276 | +444% |
| Recurring financial charges | 65 | €513 | €2,789 | +€2,276 | +444% |
| Profit (loss) for the period before taxes | 9903 | €42,421 | €44,505 | +€2,084 | +4.9% |
| Income taxes | 67/77 | €13,561 | €14,315 | +€754 | +5.6% |
| Profit (loss) for the period | 9904 | €28,860 | €30,190 | +€1,330 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,860 | €30,190 | +€1,330 | +4.6% |
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 14 October 2026 via checked.be.