TPL IMMO: what changed
Two fiscal 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.
TPL IMMO
Largest movements
- Stocks and contracts +€60,072
up €60,072 (+39.3%), from €152,833 to €212,905
- Cash -€47,816
down €47,816 (-95.6%), from €50,012 to €2,196
mainly Stocks and contracts (-€60,072) and Receivables within one year (-€5,075)
- Receivables within one year +€5,075
up €5,075 (+14.6%), from €34,678 to €39,753
of which Trade receivables: +€9,262
- Reserves +€12,056
up €12,056 (+21.9%), from €55,075 to €67,131
of which Distributable reserves: +€12,056
- Other debts +€10,001
up €10,001 (+6.4%), from €155,283 to €165,284
- Trade debts -€4,726
down €4,726 (-66.0%), from €7,165 to €2,439
- Gross operating margin +€36,360
up €36,360, from -€17,303 to €19,057
- Other operating charges -€7,249
down €7,249 (-82.7%), from €8,761 to €1,512
- Taxes +€5,385
up €5,385 (+19232.1%), from €28 to €5,413
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 | €237,523 | €254,854 | +€17,331 | +7.3% |
| Current assets | 29/58 | €237,523 | €254,854 | +€17,331 | +7.3% |
| Stocks and contracts in progress | 3 | €152,833 | €212,905 | +€60,072 | +39.3% |
| Stocks | 30/36 | €152,833 | €212,905 | +€60,072 | +39.3% |
| Amounts receivable within one year | 40/41 | €34,678 | €39,753 | +€5,075 | +14.6% |
| Trade receivables | 40 | €28,533 | €37,795 | +€9,262 | +32.5% |
| Other amounts receivable | 41 | €6,145 | €1,958 | -€4,187 | -68.1% |
| Cash at bank and in hand | 54/58 | €50,012 | €2,196 | -€47,816 | -95.6% |
| Total equity and liabilities | 10/49 | €237,523 | €254,854 | +€17,331 | +7.3% |
| Equity | 10/15 | €75,075 | €87,131 | +€12,056 | +16.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €55,075 | €67,131 | +€12,056 | +21.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €52,575 | €64,631 | +€12,056 | +22.9% |
| Amounts payable | 17/49 | €162,448 | €167,723 | +€5,275 | +3.2% |
| Amounts payable within one year | 42/48 | €162,448 | €167,723 | +€5,275 | +3.2% |
| Trade debts | 44 | €7,165 | €2,439 | -€4,726 | -66.0% |
| Suppliers | 440/4 | €7,165 | €2,439 | -€4,726 | -66.0% |
| Other amounts payable | 47/48 | €155,283 | €165,284 | +€10,001 | +6.4% |
| Other operating charges | 640/8 | €8,761 | €1,512 | -€7,249 | -82.7% |
| Gross operating margin | 9900 | -€17,303 | €19,057 | +€36,360 | |
| Operating profit (loss) | 9901 | -€26,064 | €17,545 | +€43,609 | |
| Financial charges | 65/66B | €74 | €76 | +€2 | +2.7% |
| Recurring financial charges | 65 | €74 | €76 | +€2 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,138 | €17,469 | +€43,607 | |
| Income taxes | 67/77 | €28 | €5,413 | +€5,385 | +19232.1% |
| Profit (loss) for the period | 9904 | -€26,166 | €12,056 | +€38,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,166 | €12,056 | +€38,222 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.