T.C.B.: 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.C.B.
Largest movements
- Tangible fixed assets -€106,248
down €106,248 (-17.8%), from €597,406 to €491,158
of which Furniture and vehicles: -€166,531
- Cash -€39,372
down €39,372 (-67.8%), from €58,112 to €18,740
mainly Net result for the year (-€116,848) and Investment in fixed assets (net) (-€114,917)
- Receivables within one year -€24,989
down €24,989 (-15.5%), from €161,160 to €136,171
of which Trade receivables: -€29,503
- Profit (loss) carried forward -€116,848
down €116,848 (-154%), from -€76,096 to -€192,945
- Current portion of long-term debt -€25,287
down €25,287 (-15.7%), from €161,029 to €135,743
- Debts after one year -€23,609
down €23,609 (-7.7%), from €305,241 to €281,632
- Depreciation +€36,975
up €36,975 (+20.1%), from €183,939 to €220,914
- Gross operating margin +€29,298
up €29,298 (+11.0%), from €266,738 to €296,036
- Staff costs +€12,589
up €12,589 (+10.5%), from €120,013 to €132,602
- Other operating charges -€4,786
down €4,786 (-15.7%), from €30,400 to €25,614
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 | €860,806 | €694,636 | -€166,170 | -19.3% |
| Fixed assets | 21/28 | €601,880 | €495,882 | -€105,998 | -17.6% |
| Tangible fixed assets | 22/27 | €597,406 | €491,158 | -€106,248 | -17.8% |
| Land and buildings | 22 | €27,524 | €25,063 | -€2,461 | -8.9% |
| Plant, machinery and equipment | 23 | €44,637 | €35,019 | -€9,618 | -21.5% |
| Furniture and vehicles | 24 | €311,840 | €145,309 | -€166,531 | -53.4% |
| Leasing and similar rights | 25 | €213,404 | €285,766 | +€72,362 | +33.9% |
| Financial fixed assets | 28 | €4,475 | €4,725 | +€250 | +5.6% |
| Current assets | 29/58 | €258,926 | €198,754 | -€60,172 | -23.2% |
| Amounts receivable within one year | 40/41 | €161,160 | €136,171 | -€24,989 | -15.5% |
| Trade receivables | 40 | €159,488 | €129,985 | -€29,503 | -18.5% |
| Other amounts receivable | 41 | €1,671 | €6,186 | +€4,514 | +270% |
| Cash at bank and in hand | 54/58 | €58,112 | €18,740 | -€39,372 | -67.8% |
| Deferred charges and accrued income | 490/1 | €39,654 | €43,843 | +€4,189 | +10.6% |
| Total equity and liabilities | 10/49 | €860,806 | €694,636 | -€166,170 | -19.3% |
| Equity | 10/15 | €295,338 | €178,188 | -€117,150 | -39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €349,460 | €349,460 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,600 | €13,600 | = | 0.0% |
| Distributable reserves | 133 | €335,860 | €335,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,096 | -€192,945 | -€116,848 | -154% |
| Investment grants | 15 | €3,374 | €3,073 | -€302 | -8.9% |
| Amounts payable | 17/49 | €565,468 | €516,448 | -€49,020 | -8.7% |
| Amounts payable after more than one year | 17 | €305,241 | €281,632 | -€23,609 | -7.7% |
| Financial debts | 170/4 | €305,241 | €281,632 | -€23,609 | -7.7% |
| Amounts payable within one year | 42/48 | €260,227 | €234,816 | -€25,411 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €161,029 | €135,743 | -€25,287 | -15.7% |
| Financial debts | 43 | €473 | €1,239 | +€767 | +162% |
| Credit institutions | 430/8 | €473 | €1,239 | +€767 | +162% |
| Trade debts | 44 | €69,350 | €76,981 | +€7,630 | +11.0% |
| Suppliers | 440/4 | €69,350 | €76,981 | +€7,630 | +11.0% |
| Taxes, remuneration and social security | 45 | €25,130 | €20,854 | -€4,276 | -17.0% |
| Taxes | 450/3 | €13,211 | €8,531 | -€4,680 | -35.4% |
| Remuneration and social security | 454/9 | €11,919 | €12,323 | +€404 | +3.4% |
| Other amounts payable | 47/48 | €4,245 | - | -€4,245 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €65,057 | €22,873 | -€42,184 | -64.8% |
| Remuneration, social security and pensions | 62 | €120,013 | €132,602 | +€12,589 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,939 | €220,914 | +€36,975 | +20.1% |
| Other operating charges | 640/8 | €30,400 | €25,614 | -€4,786 | -15.7% |
| Non-recurring operating charges | 66A | €38,317 | €10,125 | -€28,192 | -73.6% |
| Gross operating margin | 9900 | €266,738 | €296,036 | +€29,298 | +11.0% |
| Operating profit (loss) | 9901 | -€105,931 | -€93,220 | +€12,711 | +12.0% |
| Financial income | 75/76B | €1,088 | €609 | -€478 | -44.0% |
| Recurring financial income | 75 | €995 | €580 | -€414 | -41.7% |
| Non-recurring financial income | 76B | €93 | €29 | -€64 | -68.9% |
| Financial charges | 65/66B | €24,330 | €23,478 | -€852 | -3.5% |
| Recurring financial charges | 65 | €24,140 | €22,485 | -€1,655 | -6.9% |
| Non-recurring financial charges | 66B | €190 | €994 | +€804 | +424% |
| Profit (loss) for the period before taxes | 9903 | -€129,174 | -€116,089 | +€13,085 | +10.1% |
| Income taxes | 67/77 | €488 | €759 | +€271 | +55.6% |
| Profit (loss) for the period | 9904 | -€129,662 | -€116,848 | +€12,813 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,662 | -€116,848 | +€12,813 | +9.9% |
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.