Tplus: 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.
Tplus
Largest movements
- Tangible fixed assets -€70,760
down €70,760 (-4.9%), from €1.4m to €1.4m
of which Land and buildings: -€64,725
- Receivables within one year -€62,914
down €62,914 (-64.4%), from €97,726 to €34,811
of which Trade receivables: -€67,880
- Debts after one year -€76,749
down €76,749 (-7.5%), from €1.0m to €950,971
- Current portion of long-term debt -€53,054
down €53,054 (-30.2%), from €175,402 to €122,349
- Gross operating margin -€13,145
down €13,145 (-10.1%), from €129,604 to €116,459
- Other operating charges +€1,811
up €1,811 (+24.2%), from €7,469 to €9,280
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,572,339 | €1,447,528 | -€124,811 | -7.9% |
| Fixed assets | 21/28 | €1,443,207 | €1,372,447 | -€70,760 | -4.9% |
| Tangible fixed assets | 22/27 | €1,443,207 | €1,372,447 | -€70,760 | -4.9% |
| Land and buildings | 22 | €1,414,138 | €1,349,413 | -€64,725 | -4.6% |
| Plant, machinery and equipment | 23 | €29,070 | €23,035 | -€6,035 | -20.8% |
| Current assets | 29/58 | €129,131 | €75,080 | -€54,051 | -41.9% |
| Amounts receivable within one year | 40/41 | €97,726 | €34,811 | -€62,914 | -64.4% |
| Trade receivables | 40 | €97,726 | €29,846 | -€67,880 | -69.5% |
| Other amounts receivable | 41 | - | €4,966 | +€4,966 | |
| Cash at bank and in hand | 54/58 | €31,406 | €40,269 | +€8,863 | +28.2% |
| Total equity and liabilities | 10/49 | €1,572,339 | €1,447,528 | -€124,811 | -7.9% |
| Equity | 10/15 | €326,216 | €334,154 | +€7,938 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €307,616 | €315,554 | +€7,938 | +2.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €305,756 | €313,694 | +€7,938 | +2.6% |
| Amounts payable | 17/49 | €1,246,123 | €1,113,374 | -€132,749 | -10.7% |
| Amounts payable after more than one year | 17 | €1,027,720 | €950,971 | -€76,749 | -7.5% |
| Financial debts | 170/4 | €1,027,720 | €950,971 | -€76,749 | -7.5% |
| Amounts payable within one year | 42/48 | €212,350 | €156,350 | -€56,000 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €175,402 | €122,349 | -€53,054 | -30.2% |
| Trade debts | 44 | €10,371 | - | -€10,371 | |
| Suppliers | 440/4 | €10,371 | - | -€10,371 | |
| Taxes, remuneration and social security | 45 | €25,412 | €29,036 | +€3,624 | +14.3% |
| Taxes | 450/3 | €25,412 | €29,036 | +€3,624 | +14.3% |
| Other amounts payable | 47/48 | €1,164 | €4,965 | +€3,801 | +326.4% |
| Accrued charges and deferred income | 492/3 | €6,053 | €6,053 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,102 | €70,760 | -€342 | -0.5% |
| Other operating charges | 640/8 | €7,469 | €9,280 | +€1,811 | +24.2% |
| Gross operating margin | 9900 | €129,604 | €116,459 | -€13,145 | -10.1% |
| Operating profit (loss) | 9901 | €51,032 | €36,419 | -€14,614 | -28.6% |
| Financial charges | 65/66B | €19,969 | €19,771 | -€198 | -1.0% |
| Recurring financial charges | 65 | €19,969 | €19,771 | -€198 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €31,064 | €16,648 | -€14,416 | -46.4% |
| Income taxes | 67/77 | €9,346 | €8,710 | -€636 | -6.8% |
| Profit (loss) for the period | 9904 | €21,718 | €7,938 | -€13,780 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,718 | €7,938 | -€13,780 | -63.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.