TP-INVEST: what changed
TP-INVEST
Largest movements
- Stocks and contracts +€172,736
up €172,736 (+80.5%), from €214,681 to €387,417
- Cash +€171,424
up €171,424 (+57.0%), from €300,973 to €472,397
mainly Other debts (+€290,000) and Net result for the year (+€43,508)
- Other debts +€290,000
up €290,000 (+208,528%), from €139 to €290,139
- Reserves +€43,508
up €43,508 (+9.6%), from €453,454 to €496,961
of which Distributable reserves: +€43,508
- Gross operating margin +€57,265
up €57,265 (+779%), from €7,350 to €64,615
- Taxes +€16,455
up €16,455 (+403%), from €4,083 to €20,539
- Financial income -€6,129
down €6,129 (-96.5%), from €6,349 to €220
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,738 | €860,540 | +€341,802 | +65.9% |
| Current assets | 29/58 | €518,738 | €860,540 | +€341,802 | +65.9% |
| Stocks and contracts in progress | 3 | €214,681 | €387,417 | +€172,736 | +80.5% |
| Stocks | 30/36 | €214,681 | €387,417 | +€172,736 | +80.5% |
| Amounts receivable within one year | 40/41 | €2,236 | €0 | -€2,236 | -100% |
| Trade receivables | 40 | €2,096 | €0 | -€2,096 | -100% |
| Other amounts receivable | 41 | €139 | €0 | -€139 | -100% |
| Cash at bank and in hand | 54/58 | €300,973 | €472,397 | +€171,424 | +57.0% |
| Deferred charges and accrued income | 490/1 | €848 | €725 | -€123 | -14.5% |
| Total equity and liabilities | 10/49 | €518,738 | €860,540 | +€341,802 | +65.9% |
| Equity | 10/15 | €516,420 | €559,928 | +€43,508 | +8.4% |
| Contributions | 10/11 | €62,967 | €62,967 | = | 0.0% |
| Capital | 10 | €62,967 | €62,967 | = | 0.0% |
| Issued capital | 100 | €62,967 | €62,967 | = | 0.0% |
| Reserves | 13 | €453,454 | €496,961 | +€43,508 | +9.6% |
| Non-distributable reserves | 130/1 | €6,297 | €6,297 | = | 0.0% |
| Legal reserve | 130 | €6,297 | €6,297 | = | 0.0% |
| Distributable reserves | 133 | €447,157 | €490,665 | +€43,508 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,318 | €300,612 | +€298,294 | +12,871% |
| Amounts payable within one year | 42/48 | €2,318 | €300,612 | +€298,294 | +12,871% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,179 | €10,473 | +€8,294 | +381% |
| Taxes | 450/3 | €2,179 | €10,473 | +€8,294 | +381% |
| Other amounts payable | 47/48 | €139 | €290,139 | +€290,000 | +208,528% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,181 | €619 | -€562 | -47.6% |
| Gross operating margin | 9900 | €7,350 | €64,615 | +€57,265 | +779% |
| Operating profit (loss) | 9901 | €6,169 | €63,996 | +€57,827 | +937% |
| Financial income | 75/76B | €6,349 | €220 | -€6,129 | -96.5% |
| Recurring financial income | 75 | €6,349 | €220 | -€6,129 | -96.5% |
| Financial charges | 65/66B | - | €170 | +€170 | |
| Recurring financial charges | 65 | - | €170 | +€170 | |
| Profit (loss) for the period before taxes | 9903 | €12,519 | €64,047 | +€51,528 | +412% |
| Income taxes | 67/77 | €4,083 | €20,539 | +€16,455 | +403% |
| Profit (loss) for the period | 9904 | €8,435 | €43,508 | +€35,073 | +416% |
| Profit (loss) for the period to be appropriated | 9905 | €8,435 | €43,508 | +€35,073 | +416% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.