TP Production: 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.
What changed
TP Production
NACE 14.210, Manufacture of outerwear
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€102,182
2024 · €48,663+€53,519
Equity
€66,964
2024 · €8,082+€58,882
Cash
€44,109
2024 · €41,983+€2,126
Balance sheet total
€534,593
2024 · €518,672+€15,921
Largest movements
Assets
- Stocks and contracts +€39,871
up €39,871 (+14.9%), from €267,965 to €307,837
- Receivables within one year -€31,295
down €31,295 (-33.5%), from €93,349 to €62,054
of which Trade receivables: -€21,669
- Deferred charges and accrued income +€7,683
up €7,683 (+350.3%), from €2,193 to €9,876
Equity and liabilities
- Current portion of long-term debt -€134,821
down €134,821 (-83.1%), from €162,271 to €27,450
- Trade debts +€77,154
up €77,154 (+85.0%), from €90,742 to €167,896
- Tax, wage and social debts +€53,526
up €53,526 (+98.0%), from €54,611 to €108,138
of which Taxes: +€44,505
- Reserves +€50,000
up €50,000 (+2677.8%), from €1,867 to €51,867
of which Distributable reserves: +€50,000
- Other debts -€37,880
down €37,880 (-33.5%), from €113,000 to €75,120
Income statement
- Depreciation -€151,098
down €151,098 (-78.2%), from €193,329 to €42,231
- Gross operating margin -€122,940
down €122,940 (-24.6%), from €499,130 to €376,190
- Taxes +€27,149
up €27,149 (+119.7%), from €22,679 to €49,828
- Staff costs -€19,381
down €19,381 (-11.7%), from €165,667 to €146,286
- Financial charges -€9,554
down €9,554 (-35.1%), from €27,241 to €17,687
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.
Result 2024
€48,663
Gross operating margin
-€122,940
Staff costs
+€19,381
Depreciation
+€151,098
Other operating charges
+€1,636
Other operating items
+€24,109
Financial income
-€246
Financial charges
+€9,554
Taxes
-€27,149
Deferred taxes and other
-€1,924
Result 2025
€102,182
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.
From operations
+€220,868
Investment
-€39,766
Financing
-€178,976
Cash 2024
€41,983
From operations (derived)
+€220,868
Net result for the year
+€102,182
Depreciation
+€42,231
Stocks and contracts
-€39,871
Receivables within one year
+€31,295
Deferred charges and accrued income
-€7,683
Trade debts
+€77,154
Tax, wage and social debts
+€53,526
Other debts
-€37,880
Accrued charges and deferred income
-€86
Investment (derived)
-€39,766
Investment in fixed assets (net)
-€39,766
Financing
-€178,976
Debts after one year
-€794
Current portion of long-term debt
-€134,821
Short-term financial debts
-€61
Contributions, distributions and other
-€43,300
Cash 2025
€44,109
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,672 | €534,593 | +€15,921 | +3.1% |
| Fixed assets | 21/28 | €113,181 | €110,716 | -€2,465 | -2.2% |
| Intangible fixed assets | 21 | €8,518 | €5,918 | -€2,600 | -30.5% |
| Tangible fixed assets | 22/27 | €104,125 | €104,260 | +€135 | +0.1% |
| Plant, machinery and equipment | 23 | €3,140 | €714 | -€2,427 | -77.3% |
| Furniture and vehicles | 24 | €100,947 | €103,547 | +€2,600 | +2.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €38 | €0 | -€38 | -100.0% |
| Financial fixed assets | 28 | €538 | €538 | = | 0.0% |
| Current assets | 29/58 | €405,491 | €423,877 | +€18,385 | +4.5% |
| Stocks and contracts in progress | 3 | €267,965 | €307,837 | +€39,871 | +14.9% |
| Stocks | 30/36 | €267,965 | €307,837 | +€39,871 | +14.9% |
| Amounts receivable within one year | 40/41 | €93,349 | €62,054 | -€31,295 | -33.5% |
| Trade receivables | 40 | €83,724 | €62,054 | -€21,669 | -25.9% |
| Other amounts receivable | 41 | €9,626 | €0 | -€9,626 | -100.0% |
| Cash at bank and in hand | 54/58 | €41,983 | €44,109 | +€2,126 | +5.1% |
| Deferred charges and accrued income | 490/1 | €2,193 | €9,876 | +€7,683 | +350.3% |
| Total equity and liabilities | 10/49 | €518,672 | €534,593 | +€15,921 | +3.1% |
| Equity | 10/15 | €8,082 | €66,964 | +€58,882 | +728.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,867 | €51,867 | +€50,000 | +2677.8% |
| Non-distributable reserves | 130/1 | €1,867 | €1,867 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,867 | €1,867 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €15 | €8,897 | +€8,882 | +58550.4% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €29,744 | €29,744 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,744 | €29,744 | = | 0.0% |
| Pensions and similar obligations | 160 | €29,744 | €29,744 | = | 0.0% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €480,845 | €437,884 | -€42,961 | -8.9% |
| Amounts payable after more than one year | 17 | €49,831 | €49,036 | -€794 | -1.6% |
| Financial debts | 170/4 | €49,831 | €49,036 | -€794 | -1.6% |
| Amounts payable within one year | 42/48 | €430,815 | €388,734 | -€42,081 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €162,271 | €27,450 | -€134,821 | -83.1% |
| Financial debts | 43 | €10,191 | €10,130 | -€61 | -0.6% |
| Credit institutions | 430/8 | €10,191 | €10,130 | -€61 | -0.6% |
| Trade debts | 44 | €90,742 | €167,896 | +€77,154 | +85.0% |
| Suppliers | 440/4 | €90,742 | €167,896 | +€77,154 | +85.0% |
| Taxes, remuneration and social security | 45 | €54,611 | €108,138 | +€53,526 | +98.0% |
| Taxes | 450/3 | €45,514 | €90,020 | +€44,505 | +97.8% |
| Remuneration and social security | 454/9 | €9,097 | €18,118 | +€9,021 | +99.2% |
| Other amounts payable | 47/48 | €113,000 | €75,120 | -€37,880 | -33.5% |
| Accrued charges and deferred income | 492/3 | €200 | €114 | -€86 | -43.0% |
| Non-recurring operating income | 76A | €2,050 | €0 | -€2,050 | -100.0% |
| Remuneration, social security and pensions | 62 | €165,667 | €146,286 | -€19,381 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,329 | €42,231 | -€151,098 | -78.2% |
| Other operating charges | 640/8 | €19,758 | €18,122 | -€1,636 | -8.3% |
| Non-recurring operating charges | 66A | €24,109 | €0 | -€24,109 | -100.0% |
| Gross operating margin | 9900 | €499,130 | €376,190 | -€122,940 | -24.6% |
| Operating profit (loss) | 9901 | €96,267 | €169,552 | +€73,285 | +76.1% |
| Financial income | 75/76B | €392 | €146 | -€246 | -62.8% |
| Recurring financial income | 75 | €392 | €146 | -€246 | -62.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €27,241 | €17,687 | -€9,554 | -35.1% |
| Recurring financial charges | 65 | €27,241 | €17,687 | -€9,554 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €69,418 | €152,010 | +€82,592 | +119.0% |
| Transfer from deferred taxes | 780 | €1,924 | €0 | -€1,924 | -100.0% |
| Income taxes | 67/77 | €22,679 | €49,828 | +€27,149 | +119.7% |
| Profit (loss) for the period | 9904 | €48,663 | €102,182 | +€53,519 | +110.0% |
| Transfer from tax-exempt reserves | 789 | €3,737 | €0 | -€3,737 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,400 | €102,182 | +€49,782 | +95.0% |
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 9 October 2026 via checked.be.