TNP CONCEPT: 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.
TNP CONCEPT
Largest movements
- Tangible fixed assets +€24,161
up €24,161 (+102%), from €23,676 to €47,837
of which Leasing and similar rights: +€25,282
- Receivables within one year +€4,308
up €4,308 (+59.4%), from €7,258 to €11,566
of which Other amounts receivable: +€4,718
- Cash -€2,150
down €2,150 (-6.3%), from €34,027 to €31,878
mainly Investment in fixed assets (net) (-€35,450) and Other debts (-€8,611)
- Stocks and contracts +€1,299
up €1,299 (+36.2%), from €3,586 to €4,885
of which Stocks: +€1,299
- Debts after one year +€20,007
up €20,007 (+146%), from €13,692 to €33,699
- Other debts -€8,611
down €8,611 (-30.4%), from €28,346 to €19,736
- Reserves +€8,100
up €8,100 (+104%), from €7,760 to €15,860
of which Distributable reserves: +€8,100
- Current portion of long-term debt +€6,059
up €6,059 (+117%), from €5,159 to €11,219
- Advances received +€1,422
up €1,422 (+47.6%), from €2,989 to €4,411
- Gross operating margin +€18,279
up €18,279 (+106%), from €17,229 to €35,508
- Staff costs +€6,023
up €6,023 (+162%), from €3,711 to €9,735
- Financial income -€2,847
down €2,847 (-63.0%), from €4,518 to €1,671
of which Non-recurring financial income: -€2,883
- Taxes +€2,192
up €2,192 (+72.8%), from €3,011 to €5,203
- Financial charges -€446
down €446 (-23.6%), from €1,886 to €1,441
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 | €70,938 | €98,658 | +€27,720 | +39.1% |
| Fixed assets | 21/28 | €24,041 | €48,202 | +€24,161 | +101% |
| Tangible fixed assets | 22/27 | €23,676 | €47,837 | +€24,161 | +102% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,983 | €1,863 | -€1,120 | -37.6% |
| Leasing and similar rights | 25 | €20,693 | €45,974 | +€25,282 | +122% |
| Financial fixed assets | 28 | €365 | €365 | = | 0.0% |
| Current assets | 29/58 | €46,897 | €50,455 | +€3,559 | +7.6% |
| Stocks and contracts in progress | 3 | €3,586 | €4,885 | +€1,299 | +36.2% |
| Stocks | 30/36 | €3,586 | €4,885 | +€1,299 | +36.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,258 | €11,566 | +€4,308 | +59.4% |
| Trade receivables | 40 | €2,613 | €2,203 | -€410 | -15.7% |
| Other amounts receivable | 41 | €4,645 | €9,363 | +€4,718 | +102% |
| Cash at bank and in hand | 54/58 | €34,027 | €31,878 | -€2,150 | -6.3% |
| Deferred charges and accrued income | 490/1 | €2,025 | €2,127 | +€102 | +5.0% |
| Total equity and liabilities | 10/49 | €70,938 | €98,658 | +€27,720 | +39.1% |
| Equity | 10/15 | €17,251 | €25,379 | +€8,128 | +47.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,760 | €15,860 | +€8,100 | +104% |
| 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 | €5,900 | €14,000 | +€8,100 | +137% |
| Profit (loss) carried forward | 14 | €3,291 | €3,319 | +€28 | +0.9% |
| Amounts payable | 17/49 | €53,687 | €73,279 | +€19,592 | +36.5% |
| Amounts payable after more than one year | 17 | €13,692 | €33,699 | +€20,007 | +146% |
| Financial debts | 170/4 | €13,692 | €33,699 | +€20,007 | +146% |
| Amounts payable within one year | 42/48 | €39,996 | €39,580 | -€415 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €5,159 | €11,219 | +€6,059 | +117% |
| Financial debts | 43 | - | €129 | +€129 | |
| Credit institutions | 430/8 | - | €129 | +€129 | |
| Trade debts | 44 | €2,191 | €3,098 | +€907 | +41.4% |
| Suppliers | 440/4 | €2,191 | €3,098 | +€907 | +41.4% |
| Advances received on contracts in progress | 46 | €2,989 | €4,411 | +€1,422 | +47.6% |
| Taxes, remuneration and social security | 45 | €1,310 | €988 | -€321 | -24.5% |
| Taxes | 450/3 | €511 | €0 | -€511 | -100% |
| Remuneration and social security | 454/9 | €799 | €988 | +€189 | +23.7% |
| Other amounts payable | 47/48 | €28,346 | €19,736 | -€8,611 | -30.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,711 | €9,735 | +€6,023 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,588 | €11,288 | -€300 | -2.6% |
| Other operating charges | 640/8 | €1,338 | €1,385 | +€48 | +3.6% |
| Gross operating margin | 9900 | €17,229 | €35,508 | +€18,279 | +106% |
| Operating profit (loss) | 9901 | €592 | €13,100 | +€12,508 | +2,114% |
| Financial income | 75/76B | €4,518 | €1,671 | -€2,847 | -63.0% |
| Recurring financial income | 75 | €1,635 | €1,671 | +€36 | +2.2% |
| Non-recurring financial income | 76B | €2,883 | €0 | -€2,883 | -100% |
| Financial charges | 65/66B | €1,886 | €1,441 | -€446 | -23.6% |
| Recurring financial charges | 65 | €1,886 | €1,441 | -€446 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €3,223 | €13,331 | +€10,107 | +314% |
| Income taxes | 67/77 | €3,011 | €5,203 | +€2,192 | +72.8% |
| Profit (loss) for the period | 9904 | €213 | €8,128 | +€7,915 | +3,717% |
| Profit (loss) for the period to be appropriated | 9905 | €213 | €8,128 | +€7,915 | +3,717% |
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 23 October 2026 via checked.be.