T.C.: 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.
T.C.
Largest movements
- Tangible fixed assets -€6,105
down €6,105 (-2.8%), from €220,987 to €214,882
- Debts after one year -€12,179
down €12,179 (-10.1%), from €120,606 to €108,426
- Other debts +€9,781
up €9,781 (+11.3%), from €86,499 to €96,280
- Trade debts -€2,686
down €2,686 (-97.7%), from €2,748 to €62
- Gross operating margin +€1,066
up €1,066 (+9.0%), from €11,862 to €12,928
- Financial charges +€380
up €380 (+6.4%), from €5,894 to €6,274
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 | €221,633 | €215,163 | -€6,469 | -2.9% |
| Fixed assets | 21/28 | €220,987 | €214,882 | -€6,105 | -2.8% |
| Tangible fixed assets | 22/27 | €220,987 | €214,882 | -€6,105 | -2.8% |
| Land and buildings | 22 | €220,987 | €214,882 | -€6,105 | -2.8% |
| Current assets | 29/58 | €645 | €281 | -€364 | -56.5% |
| Cash at bank and in hand | 54/58 | €438 | €68 | -€371 | -84.6% |
| Deferred charges and accrued income | 490/1 | €207 | €213 | +€6 | +3.0% |
| Total equity and liabilities | 10/49 | €221,633 | €215,163 | -€6,469 | -2.9% |
| Equity | 10/15 | €178 | -€1,784 | -€1,962 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,422 | -€20,384 | -€1,962 | -10.7% |
| Amounts payable | 17/49 | €221,455 | €216,947 | -€4,507 | -2.0% |
| Amounts payable after more than one year | 17 | €120,606 | €108,426 | -€12,179 | -10.1% |
| Financial debts | 170/4 | €120,606 | €108,426 | -€12,179 | -10.1% |
| Amounts payable within one year | 42/48 | €100,849 | €108,521 | +€7,672 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €11,602 | €12,179 | +€578 | +5.0% |
| Trade debts | 44 | €2,748 | €62 | -€2,686 | -97.7% |
| Suppliers | 440/4 | €2,748 | €62 | -€2,686 | -97.7% |
| Other amounts payable | 47/48 | €86,499 | €96,280 | +€9,781 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,105 | €6,105 | = | 0.0% |
| Other operating charges | 640/8 | €2,523 | €2,512 | -€11 | -0.4% |
| Gross operating margin | 9900 | €11,862 | €12,928 | +€1,066 | +9.0% |
| Operating profit (loss) | 9901 | €3,234 | €4,311 | +€1,077 | +33.3% |
| Financial charges | 65/66B | €5,894 | €6,274 | +€380 | +6.4% |
| Recurring financial charges | 65 | €5,894 | €6,274 | +€380 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,660 | -€1,962 | +€697 | +26.2% |
| Profit (loss) for the period | 9904 | -€2,660 | -€1,962 | +€697 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,660 | -€1,962 | +€697 | +26.2% |
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 6 October 2026 via checked.be.