T.C.A.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.A.C.
Largest movements
- Cash -€46,966
down €46,966 (-86.1%), from €54,523 to €7,557
mainly Receivables within one year (-€31,431) and Trade debts (-€11,334)
- Receivables within one year +€31,431
up €31,431 (+511.8%), from €6,141 to €37,572
of which Trade receivables: +€17,921
- Tangible fixed assets -€2,527
down €2,527 (-26.2%), from €9,653 to €7,125
of which Furniture and vehicles: -€1,822
- Deferred charges and accrued income +€2,525
up €2,525 (+259.0%), from €975 to €3,500
- Stocks and contracts +€1,271
up €1,271 (+11.4%), from €11,156 to €12,427
- Trade debts -€11,334
down €11,334 (-17.5%), from €64,905 to €53,571
- Tax, wage and social debts +€7,244
up €7,244 (+55.5%), from €13,048 to €20,292
of which Taxes: +€4,151
- Current portion of long-term debt -€4,793
no longer reported in 2025 (was €4,793)
- Other debts -€4,000
down €4,000 (-16.7%), from €24,000 to €20,000
- Profit (loss) carried forward -€1,384
down €1,384 (-2.7%), from -€51,333 to -€52,717
- Gross operating margin +€57,092
up €57,092 (+116.0%), from €49,199 to €106,291
- Staff costs +€27,682
up €27,682 (+39.1%), from €70,752 to €98,434
- Financial charges -€3,167
down €3,167 (-48.3%), from €6,562 to €3,395
of which Non-recurring financial charges: -€2,764
- Other operating charges -€2,010
down €2,010 (-48.3%), from €4,165 to €2,155
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 | €82,698 | €68,432 | -€14,267 | -17.3% |
| Fixed assets | 21/28 | €9,903 | €7,375 | -€2,527 | -25.5% |
| Tangible fixed assets | 22/27 | €9,653 | €7,125 | -€2,527 | -26.2% |
| Plant, machinery and equipment | 23 | €2,345 | €1,640 | -€705 | -30.1% |
| Furniture and vehicles | 24 | €7,307 | €5,485 | -€1,822 | -24.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €72,796 | €61,056 | -€11,739 | -16.1% |
| Stocks and contracts in progress | 3 | €11,156 | €12,427 | +€1,271 | +11.4% |
| Stocks | 30/36 | €11,156 | €12,427 | +€1,271 | +11.4% |
| Amounts receivable within one year | 40/41 | €6,141 | €37,572 | +€31,431 | +511.8% |
| Trade receivables | 40 | €6,079 | €24,000 | +€17,921 | +294.8% |
| Other amounts receivable | 41 | €62 | €13,572 | +€13,510 | +21758.9% |
| Cash at bank and in hand | 54/58 | €54,523 | €7,557 | -€46,966 | -86.1% |
| Deferred charges and accrued income | 490/1 | €975 | €3,500 | +€2,525 | +259.0% |
| Total equity and liabilities | 10/49 | €82,698 | €68,432 | -€14,267 | -17.3% |
| Equity | 10/15 | -€24,048 | -€25,431 | -€1,384 | -5.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,286 | €2,286 | = | 0.0% |
| Distributable reserves | 133 | €2,286 | €2,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,333 | -€52,717 | -€1,384 | -2.7% |
| Amounts payable | 17/49 | €106,746 | €93,863 | -€12,883 | -12.1% |
| Amounts payable within one year | 42/48 | €106,746 | €93,863 | -€12,883 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €4,793 | - | -€4,793 | |
| Trade debts | 44 | €64,905 | €53,571 | -€11,334 | -17.5% |
| Suppliers | 440/4 | €64,905 | €53,571 | -€11,334 | -17.5% |
| Taxes, remuneration and social security | 45 | €13,048 | €20,292 | +€7,244 | +55.5% |
| Taxes | 450/3 | €9,493 | €13,644 | +€4,151 | +43.7% |
| Remuneration and social security | 454/9 | €3,556 | €6,648 | +€3,093 | +87.0% |
| Other amounts payable | 47/48 | €24,000 | €20,000 | -€4,000 | -16.7% |
| Remuneration, social security and pensions | 62 | €70,752 | €98,434 | +€27,682 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,674 | €3,687 | +€13 | +0.4% |
| Other operating charges | 640/8 | €4,165 | €2,155 | -€2,010 | -48.3% |
| Gross operating margin | 9900 | €49,199 | €106,291 | +€57,092 | +116.0% |
| Operating profit (loss) | 9901 | -€29,392 | €2,015 | +€31,407 | |
| Financial income | 75/76B | €668 | €201 | -€467 | -69.9% |
| Recurring financial income | 75 | €668 | €201 | -€467 | -69.9% |
| Financial charges | 65/66B | €6,562 | €3,395 | -€3,167 | -48.3% |
| Recurring financial charges | 65 | €3,797 | €3,395 | -€403 | -10.6% |
| Non-recurring financial charges | 66B | €2,764 | - | -€2,764 | |
| Profit (loss) for the period before taxes | 9903 | -€35,286 | -€1,178 | +€34,107 | +96.7% |
| Income taxes | 67/77 | €45 | €205 | +€161 | +359.7% |
| Profit (loss) for the period | 9904 | -€35,330 | -€1,384 | +€33,947 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,330 | -€1,384 | +€33,947 | +96.1% |
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 30 September 2026 via checked.be.