T&C²: 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.
T&C²
Largest movements
- Cash +€25,196
up €25,196 (+17.3%), from €145,615 to €170,810
mainly Net result for the year (+€40,907) and Tax, wage and social debts (+€14,341)
- Receivables within one year +€3,536
up €3,536 (+13.4%), from €26,323 to €29,858
of which Trade receivables: +€3,536
- Tax, wage and social debts +€14,341
up €14,341 (+91.1%), from €15,747 to €30,087
of which Taxes: +€14,341
- Reserves +€12,641
up €12,641 (+8.6%), from €147,713 to €160,354
- Gross operating margin +€19,718
up €19,718 (+49.2%), from €40,058 to €59,776
- Taxes +€5,610
up €5,610 (+51.3%), from €10,934 to €16,544
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 | €178,722 | €206,149 | +€27,427 | +15.3% |
| Fixed assets | 21/28 | €2,213 | €365 | -€1,847 | -83.5% |
| Tangible fixed assets | 22/27 | €2,213 | €365 | -€1,847 | -83.5% |
| Plant, machinery and equipment | 23 | €2,213 | €365 | -€1,847 | -83.5% |
| Current assets | 29/58 | €176,509 | €205,784 | +€29,274 | +16.6% |
| Amounts receivable within one year | 40/41 | €26,323 | €29,858 | +€3,536 | +13.4% |
| Trade receivables | 40 | €26,323 | €29,858 | +€3,536 | +13.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €145,615 | €170,810 | +€25,196 | +17.3% |
| Deferred charges and accrued income | 490/1 | €4,572 | €5,115 | +€543 | +11.9% |
| Total equity and liabilities | 10/49 | €178,722 | €206,149 | +€27,427 | +15.3% |
| Equity | 10/15 | €153,913 | €166,554 | +€12,641 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,713 | €160,354 | +€12,641 | +8.6% |
| Distributable reserves | 133 | €147,713 | €160,354 | +€12,641 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,809 | €39,595 | +€14,786 | +59.6% |
| Amounts payable within one year | 42/48 | €24,809 | €39,595 | +€14,786 | +59.6% |
| Trade debts | 44 | €5,412 | €4,367 | -€1,045 | -19.3% |
| Suppliers | 440/4 | €5,412 | €4,367 | -€1,045 | -19.3% |
| Taxes, remuneration and social security | 45 | €15,747 | €30,087 | +€14,341 | +91.1% |
| Taxes | 450/3 | €13,117 | €27,457 | +€14,341 | +109% |
| Remuneration and social security | 454/9 | €2,630 | €2,630 | = | 0.0% |
| Other amounts payable | 47/48 | €3,650 | €5,140 | +€1,490 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,881 | €1,847 | -€33 | -1.8% |
| Other operating charges | 640/8 | €1,123 | €1,045 | -€79 | -7.0% |
| Gross operating margin | 9900 | €40,058 | €59,776 | +€19,718 | +49.2% |
| Operating profit (loss) | 9901 | €37,054 | €56,884 | +€19,830 | +53.5% |
| Financial income | 75/76B | €432 | €766 | +€335 | +77.5% |
| Recurring financial income | 75 | €432 | €766 | +€335 | +77.5% |
| Financial charges | 65/66B | €92 | €199 | +€107 | +116% |
| Recurring financial charges | 65 | €92 | €199 | +€107 | +116% |
| Profit (loss) for the period before taxes | 9903 | €37,393 | €57,451 | +€20,058 | +53.6% |
| Income taxes | 67/77 | €10,934 | €16,544 | +€5,610 | +51.3% |
| Profit (loss) for the period | 9904 | €26,459 | €40,907 | +€14,448 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,459 | €40,907 | +€14,448 | +54.6% |
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 14 October 2026 via checked.be.