TPNS: 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.
TPNS
Largest movements
- Receivables within one year +€140,633
up €140,633 (+13.4%), from €1.1m to €1.2m
of which Trade receivables: +€81,027
- Cash +€13,920
up €13,920 (+92.9%), from €14,985 to €28,904
mainly Trade debts (+€66,763) and Net result for the year (+€65,528)
- Trade debts +€66,763
up €66,763 (+426.4%), from €15,659 to €82,421
- Reserves +€65,000
up €65,000 (+125.3%), from €51,860 to €116,860
- Tax, wage and social debts +€36,247
up €36,247 (+20.3%), from €178,259 to €214,505
of which Remuneration and social security: +€27,982
- Accrued charges and deferred income -€15,916
no longer reported in 2025 (was €15,916)
- Staff costs +€142,400
up €142,400 (+180.3%), from €78,977 to €221,377
- Gross operating margin -€92,749
down €92,749 (-23.3%), from €398,048 to €305,299
- Taxes -€71,614
down €71,614 (-66.9%), from €107,052 to €35,438
- Other operating charges -€25,511
down €25,511 (-78.3%), from €32,563 to €7,052
- Financial charges +€18,083
up €18,083 (+347.0%), from €5,212 to €23,295
of which Non-recurring financial charges: +€15,558
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 | €1,085,437 | €1,232,908 | +€147,470 | +13.6% |
| Fixed assets | 21/28 | €17,963 | €10,043 | -€7,919 | -44.1% |
| Intangible fixed assets | 21 | €1,361 | €1,188 | -€174 | -12.7% |
| Tangible fixed assets | 22/27 | €12,714 | €4,968 | -€7,746 | -60.9% |
| Plant, machinery and equipment | 23 | €8,853 | €4,361 | -€4,492 | -50.7% |
| Leasing and similar rights | 25 | €3,861 | €607 | -€3,254 | -84.3% |
| Financial fixed assets | 28 | €3,887 | €3,887 | = | 0.0% |
| Current assets | 29/58 | €1,067,474 | €1,222,864 | +€155,390 | +14.6% |
| Amounts receivable within one year | 40/41 | €1,050,096 | €1,190,728 | +€140,633 | +13.4% |
| Trade receivables | 40 | €157,832 | €238,859 | +€81,027 | +51.3% |
| Other amounts receivable | 41 | €892,264 | €951,869 | +€59,606 | +6.7% |
| Cash at bank and in hand | 54/58 | €14,985 | €28,904 | +€13,920 | +92.9% |
| Deferred charges and accrued income | 490/1 | €2,394 | €3,231 | +€837 | +35.0% |
| Total equity and liabilities | 10/49 | €1,085,437 | €1,232,908 | +€147,470 | +13.6% |
| Equity | 10/15 | €866,998 | €932,525 | +€65,528 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €116,860 | +€65,000 | +125.3% |
| Distributable reserves | 133 | €51,860 | €116,860 | +€65,000 | +125.3% |
| Profit (loss) carried forward | 14 | €796,538 | €797,065 | +€528 | +0.1% |
| Amounts payable | 17/49 | €218,440 | €300,382 | +€81,942 | +37.5% |
| Amounts payable within one year | 42/48 | €202,524 | €300,382 | +€97,858 | +48.3% |
| Current portion of amounts payable after more than one year | 42 | €7,107 | €322 | -€6,784 | -95.5% |
| Trade debts | 44 | €15,659 | €82,421 | +€66,763 | +426.4% |
| Suppliers | 440/4 | €15,659 | €82,421 | +€66,763 | +426.4% |
| Advances received on contracts in progress | 46 | - | €1,633 | +€1,633 | |
| Taxes, remuneration and social security | 45 | €178,259 | €214,505 | +€36,247 | +20.3% |
| Taxes | 450/3 | €164,297 | €172,562 | +€8,265 | +5.0% |
| Remuneration and social security | 454/9 | €13,961 | €41,943 | +€27,982 | +200.4% |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,916 | - | -€15,916 | |
| Remuneration, social security and pensions | 62 | €78,977 | €221,377 | +€142,400 | +180.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,591 | €7,919 | -€671 | -7.8% |
| Other operating charges | 640/8 | €32,563 | €7,052 | -€25,511 | -78.3% |
| Gross operating margin | 9900 | €398,048 | €305,299 | -€92,749 | -23.3% |
| Operating profit (loss) | 9901 | €277,917 | €68,950 | -€208,967 | -75.2% |
| Financial income | 75/76B | €65,171 | €55,310 | -€9,861 | -15.1% |
| Recurring financial income | 75 | €34,903 | €49,875 | +€14,971 | +42.9% |
| Non-recurring financial income | 76B | €30,267 | €5,435 | -€24,832 | -82.0% |
| Financial charges | 65/66B | €5,212 | €23,295 | +€18,083 | +347.0% |
| Recurring financial charges | 65 | €5,601 | €8,126 | +€2,525 | +45.1% |
| Non-recurring financial charges | 66B | -€389 | €15,169 | +€15,558 | |
| Profit (loss) for the period before taxes | 9903 | €337,876 | €100,966 | -€236,910 | -70.1% |
| Income taxes | 67/77 | €107,052 | €35,438 | -€71,614 | -66.9% |
| Profit (loss) for the period | 9904 | €230,824 | €65,528 | -€165,296 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €230,824 | €65,528 | -€165,296 | -71.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.