TPFinance: 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.
TPFinance
Largest movements
- Receivables within one year -€31,524
no longer reported in 2025 (was €31,524)
- Cash -€5,499
down €5,499 (-8.6%), from €64,031 to €58,532
mainly Contributions, distributions and other (-€284,000) and Smaller working-capital items (-€30)
- Tangible fixed assets -€5,271
down €5,271 (-61.2%), from €8,613 to €3,342
of which Furniture and vehicles: -€4,871
- Profit (loss) carried forward -€50,012
down €50,012 (-66.1%), from €75,692 to €25,680
- Tax, wage and social debts +€7,748
up €7,748 (+35.5%), from €21,794 to €29,542
- Gross operating margin +€37,746
up €37,746 (+13.8%), from €274,120 to €311,866
- Taxes +€5,888
up €5,888 (+8.9%), from €66,016 to €71,905
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 | €104,423 | €62,134 | -€42,289 | -40.5% |
| Fixed assets | 21/28 | €8,613 | €3,342 | -€5,271 | -61.2% |
| Tangible fixed assets | 22/27 | €8,613 | €3,342 | -€5,271 | -61.2% |
| Plant, machinery and equipment | 23 | €3,200 | €2,800 | -€400 | -12.5% |
| Furniture and vehicles | 24 | €5,413 | €542 | -€4,871 | -90.0% |
| Current assets | 29/58 | €95,810 | €58,792 | -€37,018 | -38.6% |
| Amounts receivable within one year | 40/41 | €31,524 | - | -€31,524 | |
| Trade receivables | 40 | €31,524 | - | -€31,524 | |
| Cash at bank and in hand | 54/58 | €64,031 | €58,532 | -€5,499 | -8.6% |
| Deferred charges and accrued income | 490/1 | €255 | €260 | +€5 | +2.0% |
| Total equity and liabilities | 10/49 | €104,423 | €62,134 | -€42,289 | -40.5% |
| Equity | 10/15 | €77,936 | €27,924 | -€50,012 | -64.2% |
| Contributions | 10/11 | €2,040 | €2,040 | = | 0.0% |
| Capital | 10 | €2,040 | €2,040 | = | 0.0% |
| Issued capital | 100 | €2,040 | €2,040 | = | 0.0% |
| Reserves | 13 | €204 | €204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €204 | €204 | = | 0.0% |
| Legal reserve | 130 | €204 | €204 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,692 | €25,680 | -€50,012 | -66.1% |
| Amounts payable | 17/49 | €26,488 | €34,210 | +€7,723 | +29.2% |
| Amounts payable within one year | 42/48 | €26,488 | €34,210 | +€7,723 | +29.2% |
| Financial debts | 43 | €2,829 | €2,829 | = | 0.0% |
| Credit institutions | 430/8 | €2,829 | €2,829 | = | 0.0% |
| Trade debts | 44 | €115 | €90 | -€25 | -21.8% |
| Suppliers | 440/4 | €115 | €90 | -€25 | -21.8% |
| Taxes, remuneration and social security | 45 | €21,794 | €29,542 | +€7,748 | +35.5% |
| Taxes | 450/3 | €21,794 | €29,542 | +€7,748 | +35.5% |
| Other amounts payable | 47/48 | €1,750 | €1,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,271 | €5,271 | = | 0.0% |
| Other operating charges | 640/8 | €644 | €601 | -€43 | -6.7% |
| Gross operating margin | 9900 | €274,120 | €311,866 | +€37,746 | +13.8% |
| Operating profit (loss) | 9901 | €268,204 | €305,993 | +€37,789 | +14.1% |
| Financial charges | 65/66B | €44 | €100 | +€57 | +130.8% |
| Recurring financial charges | 65 | €44 | €100 | +€57 | +130.8% |
| Profit (loss) for the period before taxes | 9903 | €268,161 | €305,893 | +€37,732 | +14.1% |
| Income taxes | 67/77 | €66,016 | €71,905 | +€5,888 | +8.9% |
| Profit (loss) for the period | 9904 | €202,144 | €233,989 | +€31,844 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €202,144 | €233,989 | +€31,844 | +15.8% |
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 11 October 2026 via checked.be.