TIPHIKO: what changed
Two fiscal 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.
TIPHIKO
Largest movements
- Stocks and contracts +€215,715
up €215,715 (+103.4%), from €208,571 to €424,287
- Other debts +€283,305
up €283,305 (+130.1%), from €217,715 to €501,019
- Debts after one year -€45,000
down €45,000 (-21.1%), from €213,750 to €168,750
- Gross operating margin -€136,856
down €136,856 (-87.7%), from €156,028 to €19,172
- Taxes -€34,331
down €34,331, from €34,216 to -€115
- Depreciation -€21,336
down €21,336 (-100.0%), from €21,336 to €0
- Other operating charges -€2,864
down €2,864 (-25.9%), from €11,062 to €8,198
- Financial charges +€2,242
up €2,242 (+13.2%), from €16,933 to €19,175
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €762,906 | €994,202 | +€231,296 | +30.3% |
| Fixed assets | 21/28 | €360,153 | €368,283 | +€8,130 | +2.3% |
| Tangible fixed assets | 22/27 | €360,153 | €368,283 | +€8,130 | +2.3% |
| Land and buildings | 22 | €360,153 | €368,283 | +€8,130 | +2.3% |
| Current assets | 29/58 | €402,754 | €625,919 | +€223,166 | +55.4% |
| Stocks and contracts in progress | 3 | €208,571 | €424,287 | +€215,715 | +103.4% |
| Stocks | 30/36 | €208,571 | €424,287 | +€215,715 | +103.4% |
| Amounts receivable within one year | 40/41 | €784 | €0 | -€784 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €784 | €0 | -€784 | -100.0% |
| Cash at bank and in hand | 54/58 | €189,322 | €198,088 | +€8,766 | +4.6% |
| Deferred charges and accrued income | 490/1 | €4,076 | €3,545 | -€531 | -13.0% |
| Total equity and liabilities | 10/49 | €762,906 | €994,202 | +€231,296 | +30.3% |
| Equity | 10/15 | €281,915 | €273,828 | -€8,087 | -2.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €131,915 | €131,707 | -€208 | -0.2% |
| Distributable reserves | 133 | €131,915 | €131,707 | -€208 | -0.2% |
| Profit (loss) carried forward | 14 | €0 | -€7,878 | -€7,878 | |
| Amounts payable | 17/49 | €480,992 | €720,374 | +€239,382 | +49.8% |
| Amounts payable after more than one year | 17 | €213,750 | €168,750 | -€45,000 | -21.1% |
| Financial debts | 170/4 | €213,750 | €168,750 | -€45,000 | -21.1% |
| Amounts payable within one year | 42/48 | €267,242 | €551,624 | +€284,382 | +106.4% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €45,000 | = | 0.0% |
| Trade debts | 44 | €364 | €629 | +€265 | +72.9% |
| Suppliers | 440/4 | €364 | €629 | +€265 | +72.9% |
| Taxes, remuneration and social security | 45 | €4,163 | €4,976 | +€812 | +19.5% |
| Taxes | 450/3 | €4,163 | €4,976 | +€812 | +19.5% |
| Other amounts payable | 47/48 | €217,715 | €501,019 | +€283,305 | +130.1% |
| Non-recurring operating income | 76A | €244,424 | €0 | -€244,424 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,336 | €0 | -€21,336 | -100.0% |
| Other operating charges | 640/8 | €11,062 | €8,198 | -€2,864 | -25.9% |
| Gross operating margin | 9900 | €156,028 | €19,172 | -€136,856 | -87.7% |
| Operating profit (loss) | 9901 | €123,631 | €10,974 | -€112,657 | -91.1% |
| Financial income | 75/76B | €156 | €0 | -€156 | -100.0% |
| Recurring financial income | 75 | €156 | €0 | -€156 | -100.0% |
| Financial charges | 65/66B | €16,933 | €19,175 | +€2,242 | +13.2% |
| Recurring financial charges | 65 | €16,933 | €19,175 | +€2,242 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €106,854 | -€8,202 | -€115,056 | |
| Income taxes | 67/77 | €34,216 | -€115 | -€34,331 | |
| Profit (loss) for the period | 9904 | €72,638 | -€8,087 | -€80,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,638 | -€8,087 | -€80,725 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.