TP VAN HECKE: what changed
Two fiscal 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 VAN HECKE
Largest movements
- Cash +€219,615
up €219,615 (+85.8%), from €255,857 to €475,472
mainly Other debts (+€252,869) and Net result for the year (+€110,028)
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Tangible fixed assets -€28,497
down €28,497 (-7.5%), from €377,839 to €349,343
of which Land and buildings: -€17,758
- Other debts +€252,869
up €252,869 (+19433.8%), from €1,301 to €254,170
- Reserves -€144,234
down €144,234 (-31.3%), from €461,501 to €317,268
of which Distributable reserves: -€144,234
- Debts after one year -€12,118
down €12,118 (-21.8%), from €55,509 to €43,391
- Gross operating margin +€19,315
up €19,315 (+11.1%), from €173,308 to €192,623
- Taxes +€7,203
up €7,203 (+17.6%), from €40,858 to €48,061
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €740,502 | €856,748 | +€116,246 | +15.7% |
| Fixed assets | 21/28 | €379,549 | €350,496 | -€29,053 | -7.7% |
| Intangible fixed assets | 21 | €1,635 | €1,079 | -€556 | -34.0% |
| Tangible fixed assets | 22/27 | €377,839 | €349,343 | -€28,497 | -7.5% |
| Land and buildings | 22 | €304,994 | €287,236 | -€17,758 | -5.8% |
| Plant, machinery and equipment | 23 | €66,782 | €57,633 | -€9,149 | -13.7% |
| Furniture and vehicles | 24 | €4,567 | €3,440 | -€1,127 | -24.7% |
| Other tangible fixed assets | 26 | €1,496 | €1,033 | -€462 | -30.9% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €360,953 | €506,252 | +€145,299 | +40.3% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,700 | +€700 | +2.8% |
| Other amounts receivable | 291 | €25,000 | €25,700 | +€700 | +2.8% |
| Amounts receivable within one year | 40/41 | €109 | €716 | +€607 | +556.6% |
| Trade receivables | 40 | - | €319 | +€319 | |
| Other amounts receivable | 41 | €109 | €398 | +€289 | +264.5% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €255,857 | €475,472 | +€219,615 | +85.8% |
| Deferred charges and accrued income | 490/1 | €4,988 | €4,364 | -€624 | -12.5% |
| Total equity and liabilities | 10/49 | €740,502 | €856,748 | +€116,246 | +15.7% |
| Equity | 10/15 | €666,795 | €522,653 | -€144,142 | -21.6% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €461,501 | €317,268 | -€144,234 | -31.3% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Legal reserve | 130 | €8,500 | €8,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €450,001 | €305,768 | -€144,234 | -32.1% |
| Profit (loss) carried forward | 14 | €120,294 | €120,385 | +€92 | +0.1% |
| Amounts payable | 17/49 | €73,708 | €334,095 | +€260,388 | +353.3% |
| Amounts payable after more than one year | 17 | €55,509 | €43,391 | -€12,118 | -21.8% |
| Financial debts | 170/4 | €55,509 | €43,391 | -€12,118 | -21.8% |
| Amounts payable within one year | 42/48 | €16,880 | €284,506 | +€267,626 | +1585.5% |
| Current portion of amounts payable after more than one year | 42 | €11,995 | €12,118 | +€122 | +1.0% |
| Trade debts | 44 | €3,584 | €11,267 | +€7,684 | +214.4% |
| Suppliers | 440/4 | €3,584 | €11,267 | +€7,684 | +214.4% |
| Taxes, remuneration and social security | 45 | - | €6,952 | +€6,952 | |
| Taxes | 450/3 | - | €6,952 | +€6,952 | |
| Other amounts payable | 47/48 | €1,301 | €254,170 | +€252,869 | +19433.8% |
| Accrued charges and deferred income | 492/3 | €1,319 | €6,198 | +€4,879 | +369.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,161 | €31,386 | +€225 | +0.7% |
| Other operating charges | 640/8 | €2,772 | €3,066 | +€294 | +10.6% |
| Gross operating margin | 9900 | €173,308 | €192,623 | +€19,315 | +11.1% |
| Operating profit (loss) | 9901 | €139,375 | €158,171 | +€18,796 | +13.5% |
| Financial income | 75/76B | €3,924 | €4,774 | +€849 | +21.6% |
| Recurring financial income | 75 | €3,924 | €4,774 | +€849 | +21.6% |
| Financial charges | 65/66B | €3,859 | €4,855 | +€996 | +25.8% |
| Recurring financial charges | 65 | €3,859 | €4,855 | +€996 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €139,439 | €158,089 | +€18,650 | +13.4% |
| Income taxes | 67/77 | €40,858 | €48,061 | +€7,203 | +17.6% |
| Profit (loss) for the period | 9904 | €98,581 | €110,028 | +€11,447 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,581 | €110,028 | +€11,447 | +11.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.