TP MANAGEMENT: 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.
TP MANAGEMENT
Largest movements
- Cash -€94,960
down €94,960 (-78.0%), from €121,754 to €26,794
mainly Other debts (-€91,350) and Contributions, distributions and other (-€29,000)
- Receivables within one year -€10,921
down €10,921 (-44.5%), from €24,560 to €13,639
of which Trade receivables: -€12,874
- Other debts -€91,350
down €91,350 (-78.8%), from €116,000 to €24,650
- Tax, wage and social debts -€13,725
down €13,725 (-54.7%), from €25,086 to €11,361
of which Taxes: -€14,073
- Gross operating margin -€16,902
down €16,902 (-30.6%), from €55,186 to €38,284
- Taxes -€13,171
down €13,171 (-63.1%), from €20,877 to €7,706
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 | €150,318 | €44,290 | -€106,029 | -70.5% |
| Formation expenses | 20 | €167 | - | -€167 | |
| Fixed assets | 21/28 | €3,837 | €3,856 | +€19 | +0.5% |
| Tangible fixed assets | 22/27 | €3,837 | €3,856 | +€19 | +0.5% |
| Plant, machinery and equipment | 23 | €1,256 | €1,409 | +€152 | +12.1% |
| Furniture and vehicles | 24 | €2,581 | €2,448 | -€134 | -5.2% |
| Current assets | 29/58 | €146,314 | €40,433 | -€105,880 | -72.4% |
| Amounts receivable within one year | 40/41 | €24,560 | €13,639 | -€10,921 | -44.5% |
| Trade receivables | 40 | €22,984 | €10,110 | -€12,874 | -56.0% |
| Other amounts receivable | 41 | €1,576 | €3,529 | +€1,954 | +124% |
| Cash at bank and in hand | 54/58 | €121,754 | €26,794 | -€94,960 | -78.0% |
| Total equity and liabilities | 10/49 | €150,318 | €44,290 | -€106,029 | -70.5% |
| Equity | 10/15 | €7,458 | €7,317 | -€141 | -1.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,458 | €5,317 | -€141 | -2.6% |
| Distributable reserves | 133 | €5,458 | €5,317 | -€141 | -2.6% |
| Amounts payable | 17/49 | €142,860 | €36,973 | -€105,888 | -74.1% |
| Amounts payable within one year | 42/48 | €142,860 | €36,973 | -€105,888 | -74.1% |
| Trade debts | 44 | €1,774 | €961 | -€813 | -45.8% |
| Suppliers | 440/4 | €1,774 | €961 | -€813 | -45.8% |
| Taxes, remuneration and social security | 45 | €25,086 | €11,361 | -€13,725 | -54.7% |
| Taxes | 450/3 | €22,323 | €8,251 | -€14,073 | -63.0% |
| Remuneration and social security | 454/9 | €2,762 | €3,111 | +€348 | +12.6% |
| Other amounts payable | 47/48 | €116,000 | €24,650 | -€91,350 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €951 | €1,415 | +€464 | +48.8% |
| Other operating charges | 640/8 | €251 | €89 | -€162 | -64.7% |
| Non-recurring operating charges | 66A | €167 | €167 | -€0 | 0.0% |
| Gross operating margin | 9900 | €55,186 | €38,284 | -€16,902 | -30.6% |
| Operating profit (loss) | 9901 | €53,817 | €36,613 | -€17,204 | -32.0% |
| Financial income | 75/76B | €74 | €0 | -€74 | -100.0% |
| Recurring financial income | 75 | €74 | €0 | -€74 | -100.0% |
| Financial charges | 65/66B | €127 | €48 | -€79 | -62.1% |
| Recurring financial charges | 65 | €127 | €48 | -€79 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €53,764 | €36,565 | -€17,199 | -32.0% |
| Income taxes | 67/77 | €20,877 | €7,706 | -€13,171 | -63.1% |
| Profit (loss) for the period | 9904 | €32,887 | €28,859 | -€4,028 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,887 | €28,859 | -€4,028 | -12.2% |
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 21 October 2026 via checked.be.