TPR Management: 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.
TPR Management
Largest movements
- Receivables within one year -€115,646
down €115,646 (-60.5%), from €191,277 to €75,631
of which Trade receivables: -€99,000
- Cash -€95,093
down €95,093 (-49.0%), from €194,237 to €99,144
mainly Other debts (-€210,182) and Contributions, distributions and other (-€142,000)
- Tangible fixed assets -€16,299
down €16,299 (-32.1%), from €50,827 to €34,528
of which Furniture and vehicles: -€15,707
- Other debts -€210,182
down €210,182 (-57.8%), from €363,528 to €153,347
- Debts after one year -€13,137
down €13,137 (-85.4%), from €15,376 to €2,239
- Gross operating margin -€295,602
down €295,602 (-60.3%), from €490,274 to €194,672
- Taxes -€11,804
down €11,804 (-25.3%), from €46,723 to €34,919
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 | €436,980 | €211,850 | -€225,129 | -51.5% |
| Fixed assets | 21/28 | €51,019 | €36,332 | -€14,687 | -28.8% |
| Tangible fixed assets | 22/27 | €50,827 | €34,528 | -€16,299 | -32.1% |
| Plant, machinery and equipment | 23 | €2,071 | €1,479 | -€592 | -28.6% |
| Furniture and vehicles | 24 | €48,756 | €33,049 | -€15,707 | -32.2% |
| Financial fixed assets | 28 | €192 | €1,804 | +€1,612 | +838.0% |
| Current assets | 29/58 | €385,960 | €175,518 | -€210,442 | -54.5% |
| Amounts receivable within one year | 40/41 | €191,277 | €75,631 | -€115,646 | -60.5% |
| Trade receivables | 40 | €140,000 | €41,000 | -€99,000 | -70.7% |
| Other amounts receivable | 41 | €51,277 | €34,631 | -€16,646 | -32.5% |
| Cash at bank and in hand | 54/58 | €194,237 | €99,144 | -€95,093 | -49.0% |
| Deferred charges and accrued income | 490/1 | €446 | €743 | +€297 | +66.5% |
| Total equity and liabilities | 10/49 | €436,980 | €211,850 | -€225,129 | -51.5% |
| Equity | 10/15 | €20,460 | €21,417 | +€957 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €2,817 | +€957 | +51.5% |
| 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 | - | €957 | +€957 | |
| Amounts payable | 17/49 | €416,520 | €190,433 | -€226,087 | -54.3% |
| Amounts payable after more than one year | 17 | €15,376 | €2,239 | -€13,137 | -85.4% |
| Financial debts | 170/4 | €15,376 | €2,239 | -€13,137 | -85.4% |
| Amounts payable within one year | 42/48 | €401,144 | €188,194 | -€212,950 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €12,648 | €13,137 | +€489 | +3.9% |
| Trade debts | 44 | €1,557 | €411 | -€1,147 | -73.6% |
| Suppliers | 440/4 | €1,557 | €411 | -€1,147 | -73.6% |
| Taxes, remuneration and social security | 45 | €23,411 | €21,300 | -€2,111 | -9.0% |
| Taxes | 450/3 | €23,411 | €21,300 | -€2,111 | -9.0% |
| Other amounts payable | 47/48 | €363,528 | €153,347 | -€210,182 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,804 | €16,299 | -€505 | -3.0% |
| Other operating charges | 640/8 | €497 | €100 | -€397 | -79.8% |
| Gross operating margin | 9900 | €490,274 | €194,672 | -€295,602 | -60.3% |
| Operating profit (loss) | 9901 | €472,973 | €178,272 | -€294,700 | -62.3% |
| Financial income | 75/76B | €1,411 | €765 | -€647 | -45.8% |
| Recurring financial income | 75 | €1,411 | €765 | -€647 | -45.8% |
| Financial charges | 65/66B | €1,592 | €1,161 | -€430 | -27.0% |
| Recurring financial charges | 65 | €1,592 | €1,161 | -€430 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €472,793 | €177,876 | -€294,917 | -62.4% |
| Income taxes | 67/77 | €46,723 | €34,919 | -€11,804 | -25.3% |
| Profit (loss) for the period | 9904 | €426,070 | €142,957 | -€283,113 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €426,070 | €142,957 | -€283,113 | -66.4% |
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 11 October 2026 via checked.be.