TPF Europa: what changed
What changed
TPF Europa
NACE 22.260, Manufacture of rubber and plastic products
filed annual accounts (NBB)
Net result for the year
€446,159
2024 · -€20,497+€466,656
Equity
€223,917
2024 · -€222,242+€446,159
Cash
€111,306
2024 · €14,214+€97,092
Balance sheet total
€7.3m
2024 · €4.3m+€3.0m
Largest movements
Assets
- Receivables within one year +€3.3m
up €3.3m (+244%), from €1.3m to €4.6m
of which Other amounts receivable: +€3.3m
- Financial fixed assets -€499,527
down €499,527 (-96.0%), from €520,252 to €20,725
- Deferred charges and accrued income +€232,561
up €232,561 (+360%), from €64,675 to €297,236
- Tangible fixed assets -€215,758
down €215,758 (-10.3%), from €2.1m to €1.9m
of which Land and buildings: -€225,409
- Stocks and contracts +€161,556
up €161,556 (+76.2%), from €211,890 to €373,447
of which Stocks: +€158,302
Equity and liabilities
- Other debts +€5.7m
up €5.7m (+2,665%), from €213,891 to €5.9m
- Debts after one year -€3.2m
no longer reported in 2025 (was €3.2m)
- Profit (loss) carried forward +€446,159
up €446,159, from -€227,242 to €218,917
- Short-term financial debts -€400,000
no longer reported in 2025 (was €400,000)
- Tax, wage and social debts +€225,447
up €225,447 (+181%), from €124,766 to €350,213
of which Taxes: +€117,133
Income statement
- Gross operating margin +€1.1m
up €1.1m (+84.5%), from €1.3m to €2.4m
- Staff costs +€587,321
up €587,321 (+58.4%), from €1.0m to €1.6m
- Financial charges -€238,770
down €238,770, from €124,969 to -€113,800
- Taxes +€114,208
new in 2025: €114,208
- Depreciation +€103,562
up €103,562 (+60.8%), from €170,320 to €273,882
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€20,497
Gross operating margin
+€1.1m
Staff costs
-€587,321
Depreciation
-€103,562
Other operating charges
-€34,137
Other operating items
-€21,313
Financial income
+€7,169
Financial charges
+€238,770
Taxes
-€114,208
Result 2025
€446,159
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.3m
Investment
+€441,403
Financing
-€3.6m
Cash 2024
€14,214
From operations (derived)
+€3.3m
Net result for the year
+€446,159
Depreciation
+€273,882
Stocks and contracts
-€161,556
Receivables within one year
-€3.3m
Deferred charges and accrued income
-€232,561
Trade debts
+€97,516
Tax, wage and social debts
+€225,447
Other debts
+€5.7m
Accrued charges and deferred income
+€198,524
Investment (derived)
+€441,403
Investment in fixed assets (net)
+€441,403
Financing
-€3.6m
Debts after one year
-€3.2m
Short-term financial debts
-€400,000
Cash 2025
€111,306
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,251,491 | €7,290,425 | +€3.0m | +71.5% |
| Fixed assets | 21/28 | €2,621,798 | €1,906,513 | -€715,285 | -27.3% |
| Tangible fixed assets | 22/27 | €2,101,546 | €1,885,788 | -€215,758 | -10.3% |
| Land and buildings | 22 | €2,037,619 | €1,812,210 | -€225,409 | -11.1% |
| Furniture and vehicles | 24 | €11,441 | €8,581 | -€2,860 | -25.0% |
| Leasing and similar rights | 25 | €52,487 | €64,998 | +€12,511 | +23.8% |
| Financial fixed assets | 28 | €520,252 | €20,725 | -€499,527 | -96.0% |
| Current assets | 29/58 | €1,629,693 | €5,383,912 | +€3.8m | +230% |
| Stocks and contracts in progress | 3 | €211,890 | €373,447 | +€161,556 | +76.2% |
| Stocks | 30/36 | €211,890 | €370,192 | +€158,302 | +74.7% |
| Contracts in progress | 37 | - | €3,255 | +€3,255 | |
| Amounts receivable within one year | 40/41 | €1,338,914 | €4,601,922 | +€3.3m | +244% |
| Trade receivables | 40 | €252,193 | €188,849 | -€63,344 | -25.1% |
| Other amounts receivable | 41 | €1,086,721 | €4,413,073 | +€3.3m | +306% |
| Cash at bank and in hand | 54/58 | €14,214 | €111,306 | +€97,092 | +683% |
| Deferred charges and accrued income | 490/1 | €64,675 | €297,236 | +€232,561 | +360% |
| Total equity and liabilities | 10/49 | €4,251,491 | €7,290,425 | +€3.0m | +71.5% |
| Equity | 10/15 | -€222,242 | €223,917 | +€446,159 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,242 | €218,917 | +€446,159 | |
| Amounts payable | 17/49 | €4,473,734 | €7,066,508 | +€2.6m | +58.0% |
| Amounts payable after more than one year | 17 | €3,229,255 | - | -€3.2m | |
| Other amounts payable | 178/9 | €3,229,255 | - | -€3.2m | |
| Amounts payable within one year | 42/48 | €1,099,891 | €6,723,397 | +€5.6m | +511% |
| Financial debts | 43 | €400,000 | - | -€400,000 | |
| Other loans | 439 | €400,000 | - | -€400,000 | |
| Trade debts | 44 | €361,234 | €458,750 | +€97,516 | +27.0% |
| Suppliers | 440/4 | €361,234 | €458,750 | +€97,516 | +27.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €124,766 | €350,213 | +€225,447 | +181% |
| Taxes | 450/3 | €132 | €117,264 | +€117,133 | +89,061% |
| Remuneration and social security | 454/9 | €124,634 | €232,949 | +€108,315 | +86.9% |
| Other amounts payable | 47/48 | €213,891 | €5,914,434 | +€5.7m | +2,665% |
| Accrued charges and deferred income | 492/3 | €144,587 | €343,111 | +€198,524 | +137% |
| Remuneration, social security and pensions | 62 | €1,004,927 | €1,592,248 | +€587,321 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,320 | €273,882 | +€103,562 | +60.8% |
| Other operating charges | 640/8 | €77 | €34,214 | +€34,137 | +44,305% |
| Non-recurring operating charges | 66A | - | €21,313 | +€21,313 | |
| Gross operating margin | 9900 | €1,279,796 | €2,361,055 | +€1.1m | +84.5% |
| Operating profit (loss) | 9901 | €104,472 | €439,397 | +€334,925 | +321% |
| Financial income | 75/76B | - | €7,169 | +€7,169 | |
| Recurring financial income | 75 | - | €7,169 | +€7,169 | |
| Financial charges | 65/66B | €124,969 | -€113,800 | -€238,770 | |
| Recurring financial charges | 65 | €124,969 | -€113,800 | -€238,770 | |
| Profit (loss) for the period before taxes | 9903 | -€20,497 | €560,367 | +€580,864 | |
| Income taxes | 67/77 | - | €114,208 | +€114,208 | |
| Profit (loss) for the period | 9904 | -€20,497 | €446,159 | +€466,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,497 | €446,159 | +€466,656 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.