TIRPAN: 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.
TIRPAN
Largest movements
- Tangible fixed assets -€5,234
down €5,234 (-71.4%), from €7,327 to €2,093
of which Furniture and vehicles: -€3,930
- Receivables within one year -€2,239
down €2,239 (-16.0%), from €14,017 to €11,778
of which Other amounts receivable: -€2,528
- Other debts -€12,336
down €12,336 (-18.8%), from €65,516 to €53,180
- Profit (loss) carried forward +€7,850
up €7,850 (+16.2%), from -€48,340 to -€40,489
- Trade debts -€1,362
down €1,362 (-57.1%), from €2,383 to €1,021
- Short-term financial debts -€990
no longer reported in 2025 (was €990)
- Tax, wage and social debts -€651
down €651 (-14.4%), from €4,527 to €3,875
of which Taxes: -€651
- Depreciation -€6,956
down €6,956 (-67.5%), from €10,302 to €3,346
- Taxes +€2,528
new in 2025: €2,528
- Gross operating margin -€1,744
down €1,744 (-9.3%), from €18,811 to €17,067
- Financial charges -€1,001
down €1,001 (-40.5%), from €2,474 to €1,473
- Other operating charges +€644
up €644 (+52.5%), from €1,225 to €1,869
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 | €32,126 | €24,638 | -€7,488 | -23.3% |
| Fixed assets | 21/28 | €7,327 | €2,093 | -€5,234 | -71.4% |
| Tangible fixed assets | 22/27 | €7,327 | €2,093 | -€5,234 | -71.4% |
| Plant, machinery and equipment | 23 | €3,397 | €2,093 | -€1,304 | -38.4% |
| Furniture and vehicles | 24 | €3,930 | - | -€3,930 | |
| Current assets | 29/58 | €24,799 | €22,545 | -€2,255 | -9.1% |
| Amounts receivable within one year | 40/41 | €14,017 | €11,778 | -€2,239 | -16.0% |
| Trade receivables | 40 | €8,017 | €8,306 | +€289 | +3.6% |
| Other amounts receivable | 41 | €6,000 | €3,472 | -€2,528 | -42.1% |
| Cash at bank and in hand | 54/58 | €10,046 | €10,188 | +€142 | +1.4% |
| Deferred charges and accrued income | 490/1 | €737 | €579 | -€158 | -21.4% |
| Total equity and liabilities | 10/49 | €32,126 | €24,638 | -€7,488 | -23.3% |
| Equity | 10/15 | -€42,140 | -€34,289 | +€7,850 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,340 | -€40,489 | +€7,850 | +16.2% |
| Amounts payable | 17/49 | €74,266 | €58,927 | -€15,339 | -20.7% |
| Amounts payable within one year | 42/48 | €74,266 | €58,927 | -€15,339 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €850 | €850 | = | 0.0% |
| Financial debts | 43 | €990 | - | -€990 | |
| Credit institutions | 430/8 | €990 | - | -€990 | |
| Trade debts | 44 | €2,383 | €1,021 | -€1,362 | -57.1% |
| Suppliers | 440/4 | €2,383 | €1,021 | -€1,362 | -57.1% |
| Taxes, remuneration and social security | 45 | €4,527 | €3,875 | -€651 | -14.4% |
| Taxes | 450/3 | €3,027 | €2,375 | -€651 | -21.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €65,516 | €53,180 | -€12,336 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,302 | €3,346 | -€6,956 | -67.5% |
| Other operating charges | 640/8 | €1,225 | €1,869 | +€644 | +52.5% |
| Gross operating margin | 9900 | €18,811 | €17,067 | -€1,744 | -9.3% |
| Operating profit (loss) | 9901 | €7,283 | €11,852 | +€4,568 | +62.7% |
| Financial charges | 65/66B | €2,474 | €1,473 | -€1,001 | -40.5% |
| Recurring financial charges | 65 | €2,474 | €1,473 | -€1,001 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €4,809 | €10,379 | +€5,569 | +116% |
| Income taxes | 67/77 | - | €2,528 | +€2,528 | |
| Profit (loss) for the period | 9904 | €4,809 | €7,850 | +€3,041 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,809 | €7,850 | +€3,041 | +63.2% |
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 17 October 2026 via checked.be.