TIPITEC: 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.
TIPITEC
Largest movements
- Current investments +€82,500
new in 2025: €82,500
- Cash -€75,174
down €75,174 (-76.3%), from €98,489 to €23,315
mainly Current investments (-€82,500) and Receivables within one year (-€22,643)
- Receivables within one year +€22,643
up €22,643 (+493%), from €4,591 to €27,235
of which Trade receivables: +€23,022
- Tangible fixed assets +€3,647
up €3,647 (+230%), from €1,583 to €5,230
- Stocks and contracts +€3,087
new in 2025: €3,087
- Reserves +€19,601
up €19,601 (+26.1%), from €75,127 to €94,728
- Tax, wage and social debts +€14,482
up €14,482, from €0 to €14,482
- Trade debts +€3,732
up €3,732 (+3,059%), from €122 to €3,854
- Gross operating margin +€55,565
up €55,565, from -€2,727 to €52,838
- Taxes +€14,459
new in 2025: €14,459
- Financial charges +€1,893
up €1,893 (+2,844%), from €67 to €1,959
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 | €104,663 | €142,744 | +€38,082 | +36.4% |
| Fixed assets | 21/28 | €1,583 | €5,230 | +€3,647 | +230% |
| Tangible fixed assets | 22/27 | €1,583 | €5,230 | +€3,647 | +230% |
| Furniture and vehicles | 24 | €1,583 | €5,230 | +€3,647 | +230% |
| Current assets | 29/58 | €103,080 | €137,514 | +€34,434 | +33.4% |
| Stocks and contracts in progress | 3 | - | €3,087 | +€3,087 | |
| Stocks | 30/36 | - | €3,087 | +€3,087 | |
| Amounts receivable within one year | 40/41 | €4,591 | €27,235 | +€22,643 | +493% |
| Trade receivables | 40 | €4,213 | €27,235 | +€23,022 | +546% |
| Other amounts receivable | 41 | €378 | €0 | -€378 | -100% |
| Current investments | 50/53 | - | €82,500 | +€82,500 | |
| Cash at bank and in hand | 54/58 | €98,489 | €23,315 | -€75,174 | -76.3% |
| Deferred charges and accrued income | 490/1 | - | €1,378 | +€1,378 | |
| Total equity and liabilities | 10/49 | €104,663 | €142,744 | +€38,082 | +36.4% |
| Equity | 10/15 | €96,342 | €115,943 | +€19,601 | +20.3% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €75,127 | €94,728 | +€19,601 | +26.1% |
| Distributable reserves | 133 | €75,127 | €94,728 | +€19,601 | +26.1% |
| Profit (loss) carried forward | 14 | €20,815 | €20,815 | = | 0.0% |
| Amounts payable | 17/49 | €8,320 | €26,802 | +€18,481 | +222% |
| Amounts payable within one year | 42/48 | €8,320 | €26,802 | +€18,481 | +222% |
| Trade debts | 44 | €122 | €3,854 | +€3,732 | +3,059% |
| Suppliers | 440/4 | €122 | €3,854 | +€3,732 | +3,059% |
| Taxes, remuneration and social security | 45 | €0 | €14,482 | +€14,482 | |
| Taxes | 450/3 | €0 | €14,482 | +€14,482 | |
| Other amounts payable | 47/48 | €8,198 | €8,466 | +€267 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,413 | €1,580 | +€168 | +11.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€2,727 | €52,838 | +€55,565 | |
| Operating profit (loss) | 9901 | -€4,645 | €50,738 | +€55,383 | |
| Financial income | 75/76B | €481 | €314 | -€167 | -34.6% |
| Recurring financial income | 75 | €481 | €314 | -€167 | -34.6% |
| Financial charges | 65/66B | €67 | €1,959 | +€1,893 | +2,844% |
| Recurring financial charges | 65 | €67 | €1,959 | +€1,893 | +2,844% |
| Profit (loss) for the period before taxes | 9903 | -€4,230 | €49,094 | +€53,324 | |
| Income taxes | 67/77 | - | €14,459 | +€14,459 | |
| Profit (loss) for the period | 9904 | -€4,230 | €34,635 | +€38,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,230 | €34,635 | +€38,865 |
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 24 October 2026 via checked.be.