TPMP: 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.
TPMP
Largest movements
- Tangible fixed assets +€517,547
up €517,547 (+57.2%), from €904,125 to €1.4m
of which Land and buildings: +€558,415
- Intangible fixed assets -€144,719
down €144,719 (-96.5%), from €150,000 to €5,281
- Receivables within one year -€97,176
down €97,176 (-23.8%), from €408,400 to €311,224
of which Other amounts receivable: -€75,117
- Cash +€43,936
up €43,936 (+132%), from €33,350 to €77,286
mainly Debts after one year (+€484,214) and Receivables within one year (+€97,176)
- Debts after one year +€484,214
up €484,214 (+49.6%), from €975,396 to €1.5m
of which Financial debts: +€484,714
- Short-term financial debts -€62,995
down €62,995 (-21.3%), from €296,322 to €233,327
- Other debts -€51,087
no longer reported in 2025 (was €51,087)
- Accrued charges and deferred income -€49,700
down €49,700 (-97.0%), from €51,260 to €1,560
- Tax, wage and social debts -€36,119
down €36,119 (-89.1%), from €40,547 to €4,428
of which Taxes: -€27,390
- Gross operating margin -€23,287
down €23,287 (-6.8%), from €341,715 to €318,428
- Staff costs -€17,754
down €17,754 (-8.7%), from €204,790 to €187,037
- Financial income -€15,231
down €15,231 (-99.8%), from €15,257 to €26
of which Non-recurring financial income: -€14,498
- Other operating charges -€12,322
down €12,322 (-43.4%), from €28,364 to €16,042
- Financial charges -€5,686
down €5,686 (-8.4%), from €67,561 to €61,875
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 | €1,824,039 | €2,126,615 | +€302,576 | +16.6% |
| Fixed assets | 21/28 | €1,057,165 | €1,427,004 | +€369,838 | +35.0% |
| Intangible fixed assets | 21 | €150,000 | €5,281 | -€144,719 | -96.5% |
| Tangible fixed assets | 22/27 | €904,125 | €1,421,672 | +€517,547 | +57.2% |
| Land and buildings | 22 | €634,279 | €1,192,694 | +€558,415 | +88.0% |
| Plant, machinery and equipment | 23 | €96,367 | €96,367 | = | 0.0% |
| Furniture and vehicles | 24 | €32,344 | €15,035 | -€17,309 | -53.5% |
| Other tangible fixed assets | 26 | €141,134 | €117,576 | -€23,559 | -16.7% |
| Financial fixed assets | 28 | €3,040 | €50 | -€2,990 | -98.4% |
| Current assets | 29/58 | €766,874 | €699,611 | -€67,263 | -8.8% |
| Stocks and contracts in progress | 3 | €291,122 | €280,541 | -€10,582 | -3.6% |
| Stocks | 30/36 | €291,122 | €280,541 | -€10,582 | -3.6% |
| Amounts receivable within one year | 40/41 | €408,400 | €311,224 | -€97,176 | -23.8% |
| Trade receivables | 40 | €311,831 | €289,773 | -€22,058 | -7.1% |
| Other amounts receivable | 41 | €96,569 | €21,451 | -€75,117 | -77.8% |
| Cash at bank and in hand | 54/58 | €33,350 | €77,286 | +€43,936 | +132% |
| Deferred charges and accrued income | 490/1 | €34,001 | €30,560 | -€3,441 | -10.1% |
| Total equity and liabilities | 10/49 | €1,824,039 | €2,126,615 | +€302,576 | +16.6% |
| Equity | 10/15 | €257,486 | €257,911 | +€425 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,886 | €239,311 | +€425 | +0.2% |
| Amounts payable | 17/49 | €1,566,553 | €1,868,704 | +€302,150 | +19.3% |
| Amounts payable after more than one year | 17 | €975,396 | €1,459,610 | +€484,214 | +49.6% |
| Financial debts | 170/4 | €681,714 | €1,166,428 | +€484,714 | +71.1% |
| Other amounts payable | 178/9 | €293,682 | €293,182 | -€500 | -0.2% |
| Amounts payable within one year | 42/48 | €539,897 | €407,534 | -€132,364 | -24.5% |
| Financial debts | 43 | €296,322 | €233,327 | -€62,995 | -21.3% |
| Credit institutions | 430/8 | €296,322 | €233,327 | -€62,995 | -21.3% |
| Trade debts | 44 | €151,941 | €169,778 | +€17,837 | +11.7% |
| Suppliers | 440/4 | €151,941 | €169,778 | +€17,837 | +11.7% |
| Taxes, remuneration and social security | 45 | €40,547 | €4,428 | -€36,119 | -89.1% |
| Taxes | 450/3 | €31,818 | €4,428 | -€27,390 | -86.1% |
| Remuneration and social security | 454/9 | €8,729 | - | -€8,729 | |
| Other amounts payable | 47/48 | €51,087 | - | -€51,087 | |
| Accrued charges and deferred income | 492/3 | €51,260 | €1,560 | -€49,700 | -97.0% |
| Remuneration, social security and pensions | 62 | €204,790 | €187,037 | -€17,754 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,672 | €47,326 | -€1,346 | -2.8% |
| Other operating charges | 640/8 | €28,364 | €16,042 | -€12,322 | -43.4% |
| Gross operating margin | 9900 | €341,715 | €318,428 | -€23,287 | -6.8% |
| Operating profit (loss) | 9901 | €59,889 | €68,024 | +€8,135 | +13.6% |
| Financial income | 75/76B | €15,257 | €26 | -€15,231 | -99.8% |
| Recurring financial income | 75 | €759 | €26 | -€733 | -96.6% |
| Non-recurring financial income | 76B | €14,498 | - | -€14,498 | |
| Financial charges | 65/66B | €67,561 | €61,875 | -€5,686 | -8.4% |
| Recurring financial charges | 65 | €67,561 | €61,875 | -€5,686 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €7,585 | €6,175 | -€1,410 | -18.6% |
| Income taxes | 67/77 | €3,507 | €5,750 | +€2,243 | +64.0% |
| Profit (loss) for the period | 9904 | €4,078 | €425 | -€3,653 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,078 | €425 | -€3,653 | -89.6% |
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 19 October 2026 via checked.be.