TIPS: 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.
TIPS
Largest movements
- Receivables within one year +€259,502
up €259,502 (+49.1%), from €528,739 to €788,241
of which Other amounts receivable: +€331,591
- Cash -€89,074
down €89,074 (-46.9%), from €189,781 to €100,707
- Deferred charges and accrued income +€43,460
up €43,460 (+72.2%), from €60,212 to €103,672
- Tangible fixed assets -€36,411
down €36,411 (-39.6%), from €92,054 to €55,643
of which Furniture and vehicles: -€30,693
- Other debts +€320,000
up €320,000 (+168.4%), from €190,000 to €510,000
- Profit (loss) carried forward -€147,405
down €147,405 (-24.1%), from €612,705 to €465,300
- Trade debts +€45,550
up €45,550 (+40.7%), from €111,933 to €157,482
- Accrued charges and deferred income -€42,584
down €42,584 (-69.3%), from €61,434 to €18,850
- Staff costs +€189,772
up €189,772 (+23.7%), from €801,284 to €991,055
- Financial income +€97,320
up €97,320 (+12068.8%), from €806 to €98,127
- Gross operating margin +€76,124
up €76,124 (+9.7%), from €781,845 to €857,969
- Depreciation +€17,015
up €17,015 (+87.7%), from €19,396 to €36,411
- Other operating charges -€9,966
down €9,966 (-13.9%), from €71,470 to €61,504
From the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,870,786 | €2,048,262 | +€177,477 | +9.5% |
| Fixed assets | 21/28 | €92,054 | €55,643 | -€36,411 | -39.6% |
| Tangible fixed assets | 22/27 | €92,054 | €55,643 | -€36,411 | -39.6% |
| Land and buildings | 22 | €6,484 | €765 | -€5,719 | -88.2% |
| Furniture and vehicles | 24 | €85,571 | €54,878 | -€30,693 | -35.9% |
| Current assets | 29/58 | €1,778,731 | €1,992,619 | +€213,888 | +12.0% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €528,739 | €788,241 | +€259,502 | +49.1% |
| Trade receivables | 40 | €310,995 | €238,906 | -€72,088 | -23.2% |
| Other amounts receivable | 41 | €217,744 | €549,335 | +€331,591 | +152.3% |
| Cash at bank and in hand | 54/58 | €189,781 | €100,707 | -€89,074 | -46.9% |
| Deferred charges and accrued income | 490/1 | €60,212 | €103,672 | +€43,460 | +72.2% |
| Total equity and liabilities | 10/49 | €1,870,786 | €2,048,262 | +€177,477 | +9.5% |
| Equity | 10/15 | €1,377,247 | €1,229,842 | -€147,405 | -10.7% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €114,542 | €114,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €98,282 | €98,282 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33,282 | €0 | -€33,282 | -100.0% |
| Other | 1319 | - | €33,282 | +€33,282 | |
| Distributable reserves | 133 | €16,260 | €16,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €612,705 | €465,300 | -€147,405 | -24.1% |
| Amounts payable | 17/49 | €493,538 | €818,420 | +€324,882 | +65.8% |
| Amounts payable within one year | 42/48 | €432,104 | €799,570 | +€367,466 | +85.0% |
| Trade debts | 44 | €111,933 | €157,482 | +€45,550 | +40.7% |
| Suppliers | 440/4 | €111,933 | €157,482 | +€45,550 | +40.7% |
| Taxes, remuneration and social security | 45 | €130,171 | €132,088 | +€1,916 | +1.5% |
| Taxes | 450/3 | €32,890 | €11,330 | -€21,560 | -65.6% |
| Remuneration and social security | 454/9 | €97,281 | €120,758 | +€23,477 | +24.1% |
| Other amounts payable | 47/48 | €190,000 | €510,000 | +€320,000 | +168.4% |
| Accrued charges and deferred income | 492/3 | €61,434 | €18,850 | -€42,584 | -69.3% |
| Remuneration, social security and pensions | 62 | €801,284 | €991,055 | +€189,772 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,396 | €36,411 | +€17,015 | +87.7% |
| Other operating charges | 640/8 | €71,470 | €61,504 | -€9,966 | -13.9% |
| Gross operating margin | 9900 | €781,845 | €857,969 | +€76,124 | +9.7% |
| Operating profit (loss) | 9901 | -€110,304 | -€231,002 | -€120,697 | -109.4% |
| Financial income | 75/76B | €806 | €98,127 | +€97,320 | +12068.8% |
| Recurring financial income | 75 | €806 | €98,127 | +€97,320 | +12068.8% |
| Financial charges | 65/66B | €9,601 | €9,818 | +€217 | +2.3% |
| Recurring financial charges | 65 | €9,601 | €9,818 | +€217 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€119,099 | -€142,693 | -€23,594 | -19.8% |
| Income taxes | 67/77 | €1,813 | €4,712 | +€2,899 | +159.9% |
| Profit (loss) for the period | 9904 | -€120,912 | -€147,405 | -€26,493 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,912 | -€147,405 | -€26,493 | -21.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.