TPAGS: 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.
TPAGS
Largest movements
- Receivables within one year -€47,339
down €47,339 (-79.6%), from €59,439 to €12,100
of which Other amounts receivable: -€59,439
- Stocks and contracts +€25,789
up €25,789 (+2.9%), from €887,561 to €913,350
- Other debts -€328,700
down €328,700 (-42.5%), from €773,908 to €445,208
- Debts after one year +€320,000
up €320,000 (+68.1%), from €470,000 to €790,000
- Turnover -€129,856
down €129,856 (-91.5%), from €141,856 to €12,000
- Purchases and services -€129,800
down €129,800 (-97.4%), from €133,273 to €3,473
- Financial charges +€3,737
up €3,737 (+24.1%), from €15,479 to €19,216
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 | €1,335,393 | €1,322,164 | -€13,229 | -1.0% |
| Fixed assets | 21/28 | €375,000 | €375,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Financial fixed assets | 28 | €375,000 | €375,000 | = | 0.0% |
| Current assets | 29/58 | €960,393 | €947,164 | -€13,229 | -1.4% |
| Stocks and contracts in progress | 3 | €887,561 | €913,350 | +€25,789 | +2.9% |
| Stocks | 30/36 | €887,561 | €913,350 | +€25,789 | +2.9% |
| Amounts receivable within one year | 40/41 | €59,439 | €12,100 | -€47,339 | -79.6% |
| Trade receivables | 40 | €0 | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €59,439 | €0 | -€59,439 | -100% |
| Cash at bank and in hand | 54/58 | €13,393 | €21,714 | +€8,321 | +62.1% |
| Total equity and liabilities | 10/49 | €1,335,393 | €1,322,164 | -€13,229 | -1.0% |
| Equity | 10/15 | €90,554 | €79,864 | -€10,690 | -11.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,554 | €78,864 | -€10,690 | -11.9% |
| Amounts payable | 17/49 | €1,244,839 | €1,242,300 | -€2,540 | -0.2% |
| Amounts payable after more than one year | 17 | €470,000 | €790,000 | +€320,000 | +68.1% |
| Financial debts | 170/4 | €470,000 | €790,000 | +€320,000 | +68.1% |
| Amounts payable within one year | 42/48 | €774,839 | €452,300 | -€322,540 | -41.6% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €931 | €5,900 | +€4,969 | +533% |
| Suppliers | 440/4 | €931 | €5,900 | +€4,969 | +533% |
| Taxes, remuneration and social security | 45 | €0 | €1,192 | +€1,192 | |
| Taxes | 450/3 | €0 | €1,192 | +€1,192 | |
| Other amounts payable | 47/48 | €773,908 | €445,208 | -€328,700 | -42.5% |
| Turnover | 70 | €141,856 | €12,000 | -€129,856 | -91.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €133,273 | €3,473 | -€129,800 | -97.4% |
| Other operating charges | 640/8 | €105 | €0 | -€105 | -100% |
| Gross operating margin | 9900 | €8,583 | €8,527 | -€56 | -0.7% |
| Operating profit (loss) | 9901 | €8,478 | €8,527 | +€49 | +0.6% |
| Financial charges | 65/66B | €15,479 | €19,216 | +€3,737 | +24.1% |
| Recurring financial charges | 65 | €15,479 | €19,216 | +€3,737 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,002 | -€10,690 | -€3,688 | -52.7% |
| Profit (loss) for the period | 9904 | -€7,002 | -€10,690 | -€3,688 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,002 | -€10,690 | -€3,688 | -52.7% |
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 22 October 2026 via checked.be.