TPIMC: 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.
TPIMC
Largest movements
- Cash +€129,856
up €129,856 (+2,729%), from €4,758 to €134,614
mainly Net result for the year (+€179,378) and Receivables within one year (+€19,029)
- Receivables within one year -€19,029
down €19,029 (-21.6%), from €87,934 to €68,905
of which Other amounts receivable: -€19,183
- Reserves +€179,378
up €179,378 (+33.6%), from €533,222 to €712,600
- Debts after one year -€51,763
down €51,763 (-9.4%), from €551,588 to €499,824
- Other debts -€35,254
down €35,254 (-40.0%), from €88,068 to €52,814
- Financial income +€150,270
up €150,270 (+1,511,771%), from €10 to €150,280
- Gross operating margin -€90,881
down €90,881 (-22.8%), from €399,196 to €308,315
- Staff costs +€51,099
up €51,099 (+33.1%), from €154,425 to €205,524
- Taxes -€23,091
down €23,091 (-33.7%), from €68,581 to €45,490
- Provisions +€7,000
no longer reported in 2025 (was -€7,000)
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 | €1,496,399 | €1,594,602 | +€98,203 | +6.6% |
| Fixed assets | 21/28 | €1,403,630 | €1,390,855 | -€12,775 | -0.9% |
| Tangible fixed assets | 22/27 | €316,427 | €303,652 | -€12,775 | -4.0% |
| Land and buildings | 22 | €303,094 | €296,719 | -€6,375 | -2.1% |
| Furniture and vehicles | 24 | €13,333 | €6,933 | -€6,400 | -48.0% |
| Financial fixed assets | 28 | €1,087,203 | €1,087,203 | = | 0.0% |
| Current assets | 29/58 | €92,769 | €203,747 | +€110,978 | +120% |
| Amounts receivable within one year | 40/41 | €87,934 | €68,905 | -€19,029 | -21.6% |
| Trade receivables | 40 | €1,869 | €2,023 | +€154 | +8.3% |
| Other amounts receivable | 41 | €86,065 | €66,882 | -€19,183 | -22.3% |
| Cash at bank and in hand | 54/58 | €4,758 | €134,614 | +€129,856 | +2,729% |
| Deferred charges and accrued income | 490/1 | €76 | €228 | +€152 | +198% |
| Total equity and liabilities | 10/49 | €1,496,399 | €1,594,602 | +€98,203 | +6.6% |
| Equity | 10/15 | €666,622 | €846,000 | +€179,378 | +26.9% |
| Contributions | 10/11 | €133,400 | €133,400 | = | 0.0% |
| Reserves | 13 | €533,222 | €712,600 | +€179,378 | +33.6% |
| Distributable reserves | 133 | €533,222 | €712,600 | +€179,378 | +33.6% |
| Amounts payable | 17/49 | €829,777 | €748,603 | -€81,174 | -9.8% |
| Amounts payable after more than one year | 17 | €551,588 | €499,824 | -€51,763 | -9.4% |
| Financial debts | 170/4 | €551,588 | €499,824 | -€51,763 | -9.4% |
| Amounts payable within one year | 42/48 | €250,069 | €219,416 | -€30,653 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €91,127 | €107,072 | +€15,945 | +17.5% |
| Trade debts | 44 | €11,350 | €12,342 | +€992 | +8.7% |
| Suppliers | 440/4 | €11,350 | €12,342 | +€992 | +8.7% |
| Taxes, remuneration and social security | 45 | €59,524 | €47,188 | -€12,336 | -20.7% |
| Taxes | 450/3 | €42,217 | €17,938 | -€24,280 | -57.5% |
| Remuneration and social security | 454/9 | €17,307 | €29,250 | +€11,943 | +69.0% |
| Other amounts payable | 47/48 | €88,068 | €52,814 | -€35,254 | -40.0% |
| Accrued charges and deferred income | 492/3 | €28,120 | €29,362 | +€1,242 | +4.4% |
| Remuneration, social security and pensions | 62 | €154,425 | €205,524 | +€51,099 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,242 | €12,775 | +€533 | +4.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,000 | - | +€7,000 | |
| Other operating charges | 640/8 | €7,086 | €5,668 | -€1,419 | -20.0% |
| Gross operating margin | 9900 | €399,196 | €308,315 | -€90,881 | -22.8% |
| Operating profit (loss) | 9901 | €232,443 | €84,348 | -€148,095 | -63.7% |
| Financial income | 75/76B | €10 | €150,280 | +€150,270 | +1,511,771% |
| Recurring financial income | 75 | €10 | €150,280 | +€150,270 | +1,511,771% |
| Financial charges | 65/66B | €11,699 | €9,761 | -€1,939 | -16.6% |
| Recurring financial charges | 65 | €10,709 | €9,760 | -€949 | -8.9% |
| Non-recurring financial charges | 66B | €990 | €1 | -€989 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €220,753 | €224,867 | +€4,114 | +1.9% |
| Income taxes | 67/77 | €68,581 | €45,490 | -€23,091 | -33.7% |
| Profit (loss) for the period | 9904 | €152,173 | €179,378 | +€27,205 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €152,173 | €179,378 | +€27,205 | +17.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.