TPK: 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.
TPK
Largest movements
- Tangible fixed assets -€4,834
down €4,834 (-9.5%), from €50,882 to €46,049
of which Furniture and vehicles: -€5,612
- Cash -€3,708
down €3,708 (-11.9%), from €31,253 to €27,545
mainly Other debts (-€16,954) and Investment in fixed assets (net) (-€11,043)
- Other debts -€16,954
down €16,954 (-37.4%), from €45,363 to €28,409
- Reserves +€10,804
up €10,804 (+49.2%), from €21,962 to €32,766
- Tax, wage and social debts -€5,044
down €5,044 (-50.3%), from €10,023 to €4,978
of which Taxes: -€5,044
- Debts after one year +€2,283
new in 2025: €2,283
- Current portion of long-term debt +€1,648
new in 2025: €1,648
- Gross operating margin +€3,421
up €3,421 (+11.6%), from €29,521 to €32,942
- Depreciation +€2,017
up €2,017 (+14.6%), from €13,859 to €15,877
- Other operating charges -€1,293
down €1,293 (-62.4%), from €2,073 to €780
- Taxes +€559
up €559 (+15.1%), from €3,713 to €4,272
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 | €82,464 | €74,563 | -€7,901 | -9.6% |
| Fixed assets | 21/28 | €50,882 | €46,049 | -€4,834 | -9.5% |
| Tangible fixed assets | 22/27 | €50,882 | €46,049 | -€4,834 | -9.5% |
| Land and buildings | 22 | €1,172 | €6,016 | +€4,844 | +413% |
| Plant, machinery and equipment | 23 | €14,571 | €10,505 | -€4,067 | -27.9% |
| Furniture and vehicles | 24 | €35,139 | €29,528 | -€5,612 | -16.0% |
| Current assets | 29/58 | €31,582 | €28,514 | -€3,068 | -9.7% |
| Amounts receivable within one year | 40/41 | €0 | €755 | +€755 | |
| Trade receivables | 40 | - | €755 | +€755 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,253 | €27,545 | -€3,708 | -11.9% |
| Deferred charges and accrued income | 490/1 | €329 | €214 | -€115 | -35.0% |
| Total equity and liabilities | 10/49 | €82,464 | €74,563 | -€7,901 | -9.6% |
| Equity | 10/15 | €24,962 | €35,766 | +€10,804 | +43.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,962 | €32,766 | +€10,804 | +49.2% |
| Distributable reserves | 133 | €21,962 | €32,766 | +€10,804 | +49.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €57,502 | €38,797 | -€18,706 | -32.5% |
| Amounts payable after more than one year | 17 | - | €2,283 | +€2,283 | |
| Financial debts | 170/4 | - | €2,283 | +€2,283 | |
| Amounts payable within one year | 42/48 | €57,502 | €36,514 | -€20,989 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,648 | +€1,648 | |
| Trade debts | 44 | €2,117 | €1,479 | -€638 | -30.1% |
| Suppliers | 440/4 | €2,117 | €1,479 | -€638 | -30.1% |
| Taxes, remuneration and social security | 45 | €10,023 | €4,978 | -€5,044 | -50.3% |
| Taxes | 450/3 | €10,023 | €4,978 | -€5,044 | -50.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €45,363 | €28,409 | -€16,954 | -37.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,859 | €15,877 | +€2,017 | +14.6% |
| Other operating charges | 640/8 | €2,073 | €780 | -€1,293 | -62.4% |
| Gross operating margin | 9900 | €29,521 | €32,942 | +€3,421 | +11.6% |
| Operating profit (loss) | 9901 | €13,588 | €16,285 | +€2,697 | +19.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,000% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,000% |
| Financial charges | 65/66B | €213 | €377 | +€164 | +77.1% |
| Recurring financial charges | 65 | €213 | €377 | +€164 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €13,376 | €15,909 | +€2,533 | +18.9% |
| Income taxes | 67/77 | €3,713 | €4,272 | +€559 | +15.1% |
| Profit (loss) for the period | 9904 | €9,663 | €11,637 | +€1,974 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,663 | €11,637 | +€1,974 | +20.4% |
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 21 October 2026 via checked.be.