TPGenk: 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.
TPGenk
Largest movements
- Deferred charges and accrued income +€49,537
up €49,537 (+1,237%), from €4,005 to €53,542
- Tangible fixed assets -€10,368
down €10,368 (-26.1%), from €39,690 to €29,322
of which Plant, machinery and equipment: -€5,506
- Cash -€9,001
down €9,001 (-21.2%), from €42,451 to €33,450
mainly Deferred charges and accrued income (-€49,537) and Current portion of long-term debt (-€13,333)
- Receivables within one year +€2,010
up €2,010 (+11.5%), from €17,430 to €19,440
of which Other amounts receivable: +€3,694
- Trade debts +€60,591
up €60,591 (+415%), from €14,588 to €75,180
- Current portion of long-term debt -€13,333
down €13,333 (-76.9%), from €17,333 to €4,000
- Tax, wage and social debts -€8,564
down €8,564 (-28.3%), from €30,303 to €21,739
of which Taxes: -€7,163
- Profit (loss) carried forward -€4,299
down €4,299 (-11.0%), from €38,999 to €34,700
- Debts after one year -€2,667
no longer reported in 2025 (was €2,667)
- Gross operating margin -€23,215
down €23,215 (-11.7%), from €197,676 to €174,461
- Staff costs -€16,908
down €16,908 (-10.2%), from €164,970 to €148,062
- Taxes -€2,053
down €2,053 (-41.6%), from €4,936 to €2,883
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 | €120,482 | €153,573 | +€33,091 | +27.5% |
| Fixed assets | 21/28 | €53,010 | €42,642 | -€10,368 | -19.6% |
| Tangible fixed assets | 22/27 | €39,690 | €29,322 | -€10,368 | -26.1% |
| Plant, machinery and equipment | 23 | €13,044 | €7,538 | -€5,506 | -42.2% |
| Furniture and vehicles | 24 | €2,945 | €2,212 | -€734 | -24.9% |
| Other tangible fixed assets | 26 | €23,701 | €19,572 | -€4,129 | -17.4% |
| Financial fixed assets | 28 | €13,320 | €13,320 | = | 0.0% |
| Current assets | 29/58 | €67,472 | €110,931 | +€43,459 | +64.4% |
| Stocks and contracts in progress | 3 | €3,586 | €4,498 | +€912 | +25.4% |
| Stocks | 30/36 | €3,586 | €4,498 | +€912 | +25.4% |
| Amounts receivable within one year | 40/41 | €17,430 | €19,440 | +€2,010 | +11.5% |
| Trade receivables | 40 | €7,876 | €6,192 | -€1,684 | -21.4% |
| Other amounts receivable | 41 | €9,554 | €13,249 | +€3,694 | +38.7% |
| Cash at bank and in hand | 54/58 | €42,451 | €33,450 | -€9,001 | -21.2% |
| Deferred charges and accrued income | 490/1 | €4,005 | €53,542 | +€49,537 | +1,237% |
| Total equity and liabilities | 10/49 | €120,482 | €153,573 | +€33,091 | +27.5% |
| Equity | 10/15 | €50,091 | €45,792 | -€4,299 | -8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,892 | €4,892 | = | 0.0% |
| Distributable reserves | 133 | €4,892 | €4,892 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,999 | €34,700 | -€4,299 | -11.0% |
| Amounts payable | 17/49 | €70,392 | €107,781 | +€37,389 | +53.1% |
| Amounts payable after more than one year | 17 | €2,667 | - | -€2,667 | |
| Financial debts | 170/4 | €2,667 | - | -€2,667 | |
| Amounts payable within one year | 42/48 | €67,725 | €107,419 | +€39,694 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €17,333 | €4,000 | -€13,333 | -76.9% |
| Trade debts | 44 | €14,588 | €75,180 | +€60,591 | +415% |
| Suppliers | 440/4 | €14,588 | €75,180 | +€60,591 | +415% |
| Taxes, remuneration and social security | 45 | €30,303 | €21,739 | -€8,564 | -28.3% |
| Taxes | 450/3 | €14,152 | €6,989 | -€7,163 | -50.6% |
| Remuneration and social security | 454/9 | €16,151 | €14,750 | -€1,401 | -8.7% |
| Other amounts payable | 47/48 | €5,500 | €6,500 | +€1,000 | +18.2% |
| Accrued charges and deferred income | 492/3 | - | €362 | +€362 | |
| Remuneration, social security and pensions | 62 | €164,970 | €148,062 | -€16,908 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,601 | €11,000 | -€1,600 | -12.7% |
| Other operating charges | 640/8 | €8,438 | €8,186 | -€252 | -3.0% |
| Gross operating margin | 9900 | €197,676 | €174,461 | -€23,215 | -11.7% |
| Operating profit (loss) | 9901 | €11,667 | €7,212 | -€4,455 | -38.2% |
| Financial income | 75/76B | €300 | €451 | +€151 | +50.3% |
| Recurring financial income | 75 | €300 | €451 | +€151 | +50.3% |
| Financial charges | 65/66B | €2,139 | €2,579 | +€440 | +20.6% |
| Recurring financial charges | 65 | €2,139 | €2,579 | +€440 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €9,828 | €5,085 | -€4,743 | -48.3% |
| Income taxes | 67/77 | €4,936 | €2,883 | -€2,053 | -41.6% |
| Profit (loss) for the period | 9904 | €4,892 | €2,202 | -€2,690 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,892 | €2,202 | -€2,690 | -55.0% |
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 13 October 2026 via checked.be.