TIPSAN: 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.
TIPSAN
Largest movements
- Tangible fixed assets -€12,600
down €12,600 (-5.6%), from €224,772 to €212,172
of which Land and buildings: -€6,945
- Receivables within one year -€10,825
down €10,825 (-79.7%), from €13,586 to €2,761
of which Other amounts receivable: -€8,754
- Cash -€3,148
down €3,148 (-32.8%), from €9,611 to €6,462
mainly Debts after one year (-€14,338) and Trade debts (-€8,603)
- Debts after one year -€14,338
down €14,338 (-12.7%), from €113,107 to €98,768
- Trade debts -€8,603
down €8,603 (-77.2%), from €11,145 to €2,542
- Tax, wage and social debts -€7,610
down €7,610 (-70.8%), from €10,745 to €3,135
- Reserves +€3,601
up €3,601 (+5.3%), from €68,547 to €72,148
of which Distributable reserves: +€3,601
- Gross operating margin +€13,192
up €13,192 (+84.0%), from €15,713 to €28,905
- Depreciation +€4,950
up €4,950 (+51.7%), from €9,579 to €14,529
- Other operating charges +€1,695
up €1,695 (+89.9%), from €1,886 to €3,581
- Financial income -€1,494
down €1,494 (-81.1%), from €1,842 to €348
- Taxes +€1,371
up €1,371 (+536.2%), from €256 to €1,626
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.
Cash bridge derived
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 | €248,705 | €222,132 | -€26,573 | -10.7% |
| Fixed assets | 21/28 | €224,772 | €212,172 | -€12,600 | -5.6% |
| Tangible fixed assets | 22/27 | €224,772 | €212,172 | -€12,600 | -5.6% |
| Land and buildings | 22 | €192,995 | €186,050 | -€6,945 | -3.6% |
| Plant, machinery and equipment | 23 | €4,650 | €4,685 | +€36 | +0.8% |
| Furniture and vehicles | 24 | €27,128 | €21,437 | -€5,691 | -21.0% |
| Current assets | 29/58 | €23,932 | €9,959 | -€13,973 | -58.4% |
| Amounts receivable within one year | 40/41 | €13,586 | €2,761 | -€10,825 | -79.7% |
| Trade receivables | 40 | €2,498 | €427 | -€2,070 | -82.9% |
| Other amounts receivable | 41 | €11,088 | €2,334 | -€8,754 | -79.0% |
| Current investments | 50/53 | €736 | €736 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,611 | €6,462 | -€3,148 | -32.8% |
| Total equity and liabilities | 10/49 | €248,705 | €222,132 | -€26,573 | -10.7% |
| Equity | 10/15 | €74,747 | €78,348 | +€3,601 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,547 | €72,148 | +€3,601 | +5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €66,687 | €70,288 | +€3,601 | +5.4% |
| Amounts payable | 17/49 | €173,958 | €143,784 | -€30,175 | -17.3% |
| Amounts payable after more than one year | 17 | €113,107 | €98,768 | -€14,338 | -12.7% |
| Financial debts | 170/4 | €113,107 | €98,768 | -€14,338 | -12.7% |
| Amounts payable within one year | 42/48 | €60,852 | €45,015 | -€15,836 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €13,962 | €14,338 | +€377 | +2.7% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €11,145 | €2,542 | -€8,603 | -77.2% |
| Suppliers | 440/4 | €11,145 | €2,542 | -€8,603 | -77.2% |
| Taxes, remuneration and social security | 45 | €10,745 | €3,135 | -€7,610 | -70.8% |
| Taxes | 450/3 | €10,745 | €3,135 | -€7,610 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,579 | €14,529 | +€4,950 | +51.7% |
| Other operating charges | 640/8 | €1,886 | €3,581 | +€1,695 | +89.9% |
| Gross operating margin | 9900 | €15,713 | €28,905 | +€13,192 | +84.0% |
| Operating profit (loss) | 9901 | €4,247 | €10,794 | +€6,547 | +154.1% |
| Financial income | 75/76B | €1,842 | €348 | -€1,494 | -81.1% |
| Recurring financial income | 75 | €1,842 | €348 | -€1,494 | -81.1% |
| Financial charges | 65/66B | €5,434 | €5,915 | +€481 | +8.9% |
| Recurring financial charges | 65 | €5,434 | €5,915 | +€481 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €656 | €5,228 | +€4,572 | +697.2% |
| Income taxes | 67/77 | €256 | €1,626 | +€1,371 | +536.2% |
| Profit (loss) for the period | 9904 | €400 | €3,601 | +€3,201 | +800.1% |
| Profit (loss) for the period to be appropriated | 9905 | €400 | €3,601 | +€3,201 | +800.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.