TZP-B: 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.
TZP-B
Largest movements
- Tangible fixed assets +€57,753
new in 2025: €57,753
- Cash +€48,995
up €48,995 (+121.3%), from €40,384 to €89,379
mainly Net result for the year (+€109,669) and Depreciation (+€6,242)
- Deferred charges and accrued income +€5,158
up €5,158 (+1121.3%), from €460 to €5,618
- Receivables within one year +€4,219
up €4,219 (+30.5%), from €13,830 to €18,049
- Reserves +€109,669
up €109,669 (+223.0%), from €49,179 to €158,849
- Trade debts +€3,996
new in 2025: €3,996
- Tax, wage and social debts +€2,459
up €2,459 (+497.3%), from €495 to €2,954
- Gross operating margin +€87,868
up €87,868 (+142.3%), from €61,747 to €149,615
- Taxes +€20,459
up €20,459 (+163.7%), from €12,495 to €32,954
- Depreciation +€6,242
new in 2025: €6,242
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 | €54,674 | €170,799 | +€116,125 | +212.4% |
| Fixed assets | 21/28 | - | €57,753 | +€57,753 | |
| Tangible fixed assets | 22/27 | - | €57,753 | +€57,753 | |
| Furniture and vehicles | 24 | - | €57,753 | +€57,753 | |
| Current assets | 29/58 | €54,674 | €113,045 | +€58,372 | +106.8% |
| Amounts receivable within one year | 40/41 | €13,830 | €18,049 | +€4,219 | +30.5% |
| Trade receivables | 40 | €13,830 | €18,049 | +€4,219 | +30.5% |
| Cash at bank and in hand | 54/58 | €40,384 | €89,379 | +€48,995 | +121.3% |
| Deferred charges and accrued income | 490/1 | €460 | €5,618 | +€5,158 | +1121.3% |
| Total equity and liabilities | 10/49 | €54,674 | €170,799 | +€116,125 | +212.4% |
| Equity | 10/15 | €54,179 | €163,849 | +€109,669 | +202.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,179 | €158,849 | +€109,669 | +223.0% |
| Distributable reserves | 133 | €49,179 | €158,849 | +€109,669 | +223.0% |
| Amounts payable | 17/49 | €495 | €6,950 | +€6,455 | +1305.2% |
| Amounts payable within one year | 42/48 | €495 | €6,950 | +€6,455 | +1305.2% |
| Trade debts | 44 | - | €3,996 | +€3,996 | |
| Suppliers | 440/4 | - | €3,996 | +€3,996 | |
| Taxes, remuneration and social security | 45 | €495 | €2,954 | +€2,459 | +497.3% |
| Taxes | 450/3 | €495 | €2,954 | +€2,459 | +497.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,242 | +€6,242 | |
| Other operating charges | 640/8 | €50 | €690 | +€640 | +1280.4% |
| Gross operating margin | 9900 | €61,747 | €149,615 | +€87,868 | +142.3% |
| Operating profit (loss) | 9901 | €61,697 | €142,684 | +€80,986 | +131.3% |
| Financial charges | 65/66B | €24 | €60 | +€36 | +152.6% |
| Recurring financial charges | 65 | €24 | €60 | +€36 | +152.6% |
| Profit (loss) for the period before taxes | 9903 | €61,674 | €142,624 | +€80,950 | +131.3% |
| Income taxes | 67/77 | €12,495 | €32,954 | +€20,459 | +163.7% |
| Profit (loss) for the period | 9904 | €49,179 | €109,669 | +€60,490 | +123.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,179 | €109,669 | +€60,490 | +123.0% |
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 1 October 2026 via checked.be.