tpv: 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.
tpv
Largest movements
- Tangible fixed assets +€20,634
up €20,634 (+167.4%), from €12,323 to €32,956
of which Plant, machinery and equipment: +€12,016
- Receivables within one year -€12,074
down €12,074 (-20.2%), from €59,834 to €47,760
of which Trade receivables: -€17,776
- Cash -€10,850
down €10,850 (-15.8%), from €68,682 to €57,832
mainly Investment in fixed assets (net) (-€32,688) and Tax, wage and social debts (-€6,361)
- Stocks and contracts +€2,007
up €2,007 (+530.9%), from €378 to €2,385
- Deferred charges and accrued income -€1,553
down €1,553 (-56.4%), from €2,755 to €1,202
- Tax, wage and social debts -€6,361
down €6,361 (-30.1%), from €21,101 to €14,740
of which Taxes: -€9,854
- Other debts +€2,470
new in 2025: €2,470
- Profit (loss) carried forward +€1,983
new in 2025: €1,983
- Staff costs +€47,405
up €47,405 (+40.7%), from €116,394 to €163,798
- Gross operating margin +€25,260
up €25,260 (+16.2%), from €155,527 to €180,786
- Taxes -€9,577
down €9,577 (-78.3%), from €12,234 to €2,657
- Depreciation +€3,542
up €3,542 (+43.4%), from €8,162 to €11,704
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 | €143,972 | €142,486 | -€1,486 | -1.0% |
| Fixed assets | 21/28 | €12,323 | €33,306 | +€20,984 | +170.3% |
| Tangible fixed assets | 22/27 | €12,323 | €32,956 | +€20,634 | +167.4% |
| Land and buildings | 22 | €1,641 | €816 | -€824 | -50.3% |
| Plant, machinery and equipment | 23 | €1,668 | €13,684 | +€12,016 | +720.5% |
| Furniture and vehicles | 24 | €9,014 | €18,456 | +€9,442 | +104.7% |
| Financial fixed assets | 28 | - | €350 | +€350 | |
| Current assets | 29/58 | €131,649 | €109,179 | -€22,469 | -17.1% |
| Stocks and contracts in progress | 3 | €378 | €2,385 | +€2,007 | +530.9% |
| Stocks | 30/36 | €378 | €2,385 | +€2,007 | +530.9% |
| Amounts receivable within one year | 40/41 | €59,834 | €47,760 | -€12,074 | -20.2% |
| Trade receivables | 40 | €31,962 | €14,185 | -€17,776 | -55.6% |
| Other amounts receivable | 41 | €27,872 | €33,575 | +€5,703 | +20.5% |
| Cash at bank and in hand | 54/58 | €68,682 | €57,832 | -€10,850 | -15.8% |
| Deferred charges and accrued income | 490/1 | €2,755 | €1,202 | -€1,553 | -56.4% |
| Total equity and liabilities | 10/49 | €143,972 | €142,486 | -€1,486 | -1.0% |
| Equity | 10/15 | €119,666 | €121,649 | +€1,983 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,466 | €113,466 | = | 0.0% |
| 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 | €111,606 | €111,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,983 | +€1,983 | |
| Amounts payable | 17/49 | €24,306 | €20,837 | -€3,469 | -14.3% |
| Amounts payable within one year | 42/48 | €24,306 | €20,837 | -€3,469 | -14.3% |
| Trade debts | 44 | €3,205 | €3,627 | +€422 | +13.2% |
| Suppliers | 440/4 | €3,205 | €3,627 | +€422 | +13.2% |
| Taxes, remuneration and social security | 45 | €21,101 | €14,740 | -€6,361 | -30.1% |
| Taxes | 450/3 | €13,711 | €3,857 | -€9,854 | -71.9% |
| Remuneration and social security | 454/9 | €7,390 | €10,883 | +€3,493 | +47.3% |
| Other amounts payable | 47/48 | - | €2,470 | +€2,470 | |
| Non-recurring operating income | 76A | - | €3,082 | +€3,082 | |
| Remuneration, social security and pensions | 62 | €116,394 | €163,798 | +€47,405 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,162 | €11,704 | +€3,542 | +43.4% |
| Other operating charges | 640/8 | €469 | €185 | -€284 | -60.6% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €155,527 | €180,786 | +€25,260 | +16.2% |
| Operating profit (loss) | 9901 | €30,001 | €5,099 | -€24,902 | -83.0% |
| Financial income | 75/76B | €651 | €0 | -€650 | -100.0% |
| Recurring financial income | 75 | €651 | €0 | -€650 | -100.0% |
| Financial charges | 65/66B | €317 | €459 | +€142 | +44.6% |
| Recurring financial charges | 65 | €317 | €459 | +€142 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €30,335 | €4,640 | -€25,694 | -84.7% |
| Income taxes | 67/77 | €12,234 | €2,657 | -€9,577 | -78.3% |
| Profit (loss) for the period | 9904 | €18,100 | €1,983 | -€16,117 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,100 | €1,983 | -€16,117 | -89.0% |
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 12 October 2026 via checked.be.