TPN 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.
TPN Immo
Largest movements
- Tangible fixed assets +€672,083
new in 2025: €672,083
- Cash +€8,759
up €8,759 (+227.2%), from €3,855 to €12,614
mainly Debts after one year (+€660,400) and Other debts (+€80,128)
- Debts after one year +€660,400
new in 2025: €660,400
- Profit (loss) carried forward -€88,536
down €88,536 (-2533.4%), from -€3,495 to -€92,031
- Other debts +€80,128
new in 2025: €80,128
- Current portion of long-term debt +€30,200
new in 2025: €30,200
- Other operating charges +€95,184
up €95,184 (+24573.8%), from €387 to €95,571
- Gross operating margin +€49,394
up €49,394, from -€3,105 to €46,290
- Depreciation +€22,917
new in 2025: €22,917
- Financial charges +€16,335
up €16,335 (+557493.5%), from €3 to €16,337
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 | €3,855 | €684,697 | +€680,842 | +17660.2% |
| Fixed assets | 21/28 | - | €672,083 | +€672,083 | |
| Tangible fixed assets | 22/27 | - | €672,083 | +€672,083 | |
| Land and buildings | 22 | - | €672,083 | +€672,083 | |
| Current assets | 29/58 | €3,855 | €12,614 | +€8,759 | +227.2% |
| Cash at bank and in hand | 54/58 | €3,855 | €12,614 | +€8,759 | +227.2% |
| Total equity and liabilities | 10/49 | €3,855 | €684,697 | +€680,842 | +17660.2% |
| Equity | 10/15 | €2,505 | -€86,031 | -€88,536 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,495 | -€92,031 | -€88,536 | -2533.4% |
| Amounts payable | 17/49 | €1,350 | €770,728 | +€769,378 | +56990.9% |
| Amounts payable after more than one year | 17 | - | €660,400 | +€660,400 | |
| Financial debts | 170/4 | - | €660,400 | +€660,400 | |
| Amounts payable within one year | 42/48 | €1,350 | €110,328 | +€108,978 | +8072.5% |
| Current portion of amounts payable after more than one year | 42 | - | €30,200 | +€30,200 | |
| Trade debts | 44 | €1,350 | - | -€1,350 | |
| Suppliers | 440/4 | €1,350 | - | -€1,350 | |
| Other amounts payable | 47/48 | - | €80,128 | +€80,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22,917 | +€22,917 | |
| Other operating charges | 640/8 | €387 | €95,571 | +€95,184 | +24573.8% |
| Gross operating margin | 9900 | -€3,105 | €46,290 | +€49,394 | |
| Operating profit (loss) | 9901 | -€3,492 | -€72,198 | -€68,706 | -1967.6% |
| Financial charges | 65/66B | €3 | €16,337 | +€16,335 | +557493.5% |
| Recurring financial charges | 65 | €3 | €16,337 | +€16,335 | +557493.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,495 | -€88,536 | -€85,041 | -2433.4% |
| Profit (loss) for the period | 9904 | -€3,495 | -€88,536 | -€85,041 | -2433.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,495 | -€88,536 | -€85,041 | -2433.4% |
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.