TP@ZUID: 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@ZUID
Largest movements
- Tangible fixed assets -€1,599
down €1,599 (-23.2%), from €6,878 to €5,279
of which Furniture and vehicles: -€1,091
- Cash -€947
down €947 (-2.2%), from €43,911 to €42,964
mainly Net result for the year (-€8,155) and Other debts (-€2,135)
- Profit (loss) carried forward -€8,155
down €8,155 (-43.5%), from €18,752 to €10,596
- Tax, wage and social debts +€5,458
up €5,458 (+44.3%), from €12,314 to €17,772
of which Remuneration and social security: +€7,424
- Trade debts +€2,879
up €2,879 (+51.1%), from €5,631 to €8,510
- Other debts -€2,135
down €2,135 (-41.7%), from €5,115 to €2,980
- Staff costs +€51,738
up €51,738 (+288%), from €17,975 to €69,713
- Gross operating margin +€18,555
up €18,555 (+38.8%), from €47,877 to €66,433
- Depreciation -€2,522
down €2,522 (-61.2%), from €4,120 to €1,599
- Taxes -€1,826
down €1,826 (-91.2%), from €2,002 to €177
- Other operating charges -€1,559
down €1,559 (-61.1%), from €2,553 to €994
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 | €60,412 | €58,458 | -€1,954 | -3.2% |
| Fixed assets | 21/28 | €11,978 | €10,379 | -€1,599 | -13.3% |
| Tangible fixed assets | 22/27 | €6,878 | €5,279 | -€1,599 | -23.2% |
| Plant, machinery and equipment | 23 | €1,783 | €1,275 | -€508 | -28.5% |
| Furniture and vehicles | 24 | €5,094 | €4,004 | -€1,091 | -21.4% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €48,434 | €48,079 | -€355 | -0.7% |
| Amounts receivable within one year | 40/41 | €4,523 | €5,039 | +€516 | +11.4% |
| Trade receivables | 40 | €3,757 | €1,400 | -€2,356 | -62.7% |
| Other amounts receivable | 41 | €767 | €3,639 | +€2,872 | +375% |
| Cash at bank and in hand | 54/58 | €43,911 | €42,964 | -€947 | -2.2% |
| Deferred charges and accrued income | 490/1 | - | €76 | +€76 | |
| Total equity and liabilities | 10/49 | €60,412 | €58,458 | -€1,954 | -3.2% |
| Equity | 10/15 | €37,352 | €29,196 | -€8,155 | -21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,752 | €10,596 | -€8,155 | -43.5% |
| Amounts payable | 17/49 | €23,060 | €29,262 | +€6,201 | +26.9% |
| Amounts payable within one year | 42/48 | €23,060 | €29,262 | +€6,201 | +26.9% |
| Trade debts | 44 | €5,631 | €8,510 | +€2,879 | +51.1% |
| Suppliers | 440/4 | €5,631 | €8,510 | +€2,879 | +51.1% |
| Taxes, remuneration and social security | 45 | €12,314 | €17,772 | +€5,458 | +44.3% |
| Taxes | 450/3 | €5,830 | €3,864 | -€1,966 | -33.7% |
| Remuneration and social security | 454/9 | €6,484 | €13,908 | +€7,424 | +114% |
| Other amounts payable | 47/48 | €5,115 | €2,980 | -€2,135 | -41.7% |
| Remuneration, social security and pensions | 62 | €17,975 | €69,713 | +€51,738 | +288% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,120 | €1,599 | -€2,522 | -61.2% |
| Other operating charges | 640/8 | €2,553 | €994 | -€1,559 | -61.1% |
| Gross operating margin | 9900 | €47,877 | €66,433 | +€18,555 | +38.8% |
| Operating profit (loss) | 9901 | €23,230 | -€5,873 | -€29,102 | |
| Financial income | 75/76B | €691 | €148 | -€543 | -78.6% |
| Recurring financial income | 75 | €691 | €148 | -€543 | -78.6% |
| Financial charges | 65/66B | €1,841 | €2,254 | +€413 | +22.4% |
| Recurring financial charges | 65 | €1,841 | €2,254 | +€413 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €22,079 | -€7,979 | -€30,058 | |
| Income taxes | 67/77 | €2,002 | €177 | -€1,826 | -91.2% |
| Profit (loss) for the period | 9904 | €20,077 | -€8,155 | -€28,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,077 | -€8,155 | -€28,233 |
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 15 October 2026 via checked.be.