TPS Media: 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.
TPS Media
Largest movements
- Cash +€53,510
up €53,510 (+47.0%), from €113,816 to €167,326
mainly Net result for the year (+€72,456) and Stocks and contracts (+€14,094)
- Stocks and contracts -€14,094
down €14,094 (-32.4%), from €43,493 to €29,399
- Receivables within one year -€13,322
down €13,322 (-35.0%), from €38,074 to €24,752
of which Trade receivables: -€24,089
- Tangible fixed assets +€4,675
up €4,675 (+18.0%), from €26,040 to €30,716
of which Furniture and vehicles: +€7,607
- Deferred charges and accrued income +€3,973
up €3,973 (+175%), from €2,267 to €6,240
- Reserves +€72,456
up €72,456 (+71.4%), from €101,462 to €173,918
- Trade debts -€11,721
down €11,721 (-28.1%), from €41,715 to €29,994
- Accrued charges and deferred income -€10,991
down €10,991 (-88.1%), from €12,478 to €1,487
- Debts after one year -€5,838
down €5,838 (-36.0%), from €16,212 to €10,374
- Other debts -€5,659
down €5,659 (-17.1%), from €33,042 to €27,383
- Gross operating margin +€34,184
up €34,184 (+42.7%), from €80,038 to €114,222
- Write-downs +€8,246
new in 2025: €8,246
- Taxes +€5,022
up €5,022 (+30.7%), from €16,377 to €21,400
- Other operating charges +€1,991
up €1,991 (+247%), from €805 to €2,796
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 | €223,690 | €258,433 | +€34,742 | +15.5% |
| Fixed assets | 21/28 | €26,040 | €30,716 | +€4,675 | +18.0% |
| Tangible fixed assets | 22/27 | €26,040 | €30,716 | +€4,675 | +18.0% |
| Furniture and vehicles | 24 | €2,591 | €10,198 | +€7,607 | +294% |
| Leasing and similar rights | 25 | €23,450 | €17,142 | -€6,307 | -26.9% |
| Other tangible fixed assets | 26 | €0 | €3,375 | +€3,375 | |
| Current assets | 29/58 | €197,650 | €227,717 | +€30,067 | +15.2% |
| Stocks and contracts in progress | 3 | €43,493 | €29,399 | -€14,094 | -32.4% |
| Stocks | 30/36 | €43,493 | €29,399 | -€14,094 | -32.4% |
| Amounts receivable within one year | 40/41 | €38,074 | €24,752 | -€13,322 | -35.0% |
| Trade receivables | 40 | €37,658 | €13,569 | -€24,089 | -64.0% |
| Other amounts receivable | 41 | €416 | €11,183 | +€10,767 | +2,589% |
| Cash at bank and in hand | 54/58 | €113,816 | €167,326 | +€53,510 | +47.0% |
| Deferred charges and accrued income | 490/1 | €2,267 | €6,240 | +€3,973 | +175% |
| Total equity and liabilities | 10/49 | €223,690 | €258,433 | +€34,742 | +15.5% |
| Equity | 10/15 | €109,462 | €181,918 | +€72,456 | +66.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €101,462 | €173,918 | +€72,456 | +71.4% |
| Distributable reserves | 133 | €101,462 | €173,918 | +€72,456 | +71.4% |
| Amounts payable | 17/49 | €114,229 | €76,515 | -€37,714 | -33.0% |
| Amounts payable after more than one year | 17 | €16,212 | €10,374 | -€5,838 | -36.0% |
| Financial debts | 170/4 | €16,212 | €10,374 | -€5,838 | -36.0% |
| Amounts payable within one year | 42/48 | €85,539 | €64,655 | -€20,884 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €5,566 | €5,838 | +€273 | +4.9% |
| Trade debts | 44 | €41,715 | €29,994 | -€11,721 | -28.1% |
| Suppliers | 440/4 | €41,715 | €29,994 | -€11,721 | -28.1% |
| Taxes, remuneration and social security | 45 | €5,216 | €1,439 | -€3,777 | -72.4% |
| Taxes | 450/3 | €5,216 | €1,439 | -€3,777 | -72.4% |
| Other amounts payable | 47/48 | €33,042 | €27,383 | -€5,659 | -17.1% |
| Accrued charges and deferred income | 492/3 | €12,478 | €1,487 | -€10,991 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,806 | €7,084 | +€278 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,246 | +€8,246 | |
| Other operating charges | 640/8 | €805 | €2,796 | +€1,991 | +247% |
| Gross operating margin | 9900 | €80,038 | €114,222 | +€34,184 | +42.7% |
| Operating profit (loss) | 9901 | €72,427 | €96,097 | +€23,670 | +32.7% |
| Financial income | 75/76B | €2,204 | €1,582 | -€622 | -28.2% |
| Recurring financial income | 75 | €2,204 | €1,582 | -€622 | -28.2% |
| Financial charges | 65/66B | €2,981 | €3,823 | +€842 | +28.2% |
| Recurring financial charges | 65 | €2,981 | €3,823 | +€842 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €71,650 | €93,856 | +€22,206 | +31.0% |
| Income taxes | 67/77 | €16,377 | €21,400 | +€5,022 | +30.7% |
| Profit (loss) for the period | 9904 | €55,273 | €72,456 | +€17,184 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,273 | €72,456 | +€17,184 | +31.1% |
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 28 October 2026 via checked.be.