T.C. CREATION: 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. CREATION
Largest movements
- Cash -€24,430
down €24,430 (-71.1%), from €34,374 to €9,944
mainly Investment in fixed assets (net) (-€20,371) and Debts after one year (-€13,641)
- Tangible fixed assets -€2,385
down €2,385 (-5.2%), from €46,203 to €43,818
of which Plant, machinery and equipment: -€3,755
- Receivables within one year -€1,764
down €1,764 (-29.6%), from €5,956 to €4,192
of which Trade receivables: -€2,076
- Debts after one year -€13,641
down €13,641 (-25.5%), from €53,537 to €39,896
- Other debts -€8,294
down €8,294 (-19.9%), from €41,702 to €33,408
- Tax, wage and social debts -€6,991
no longer reported in 2025 (was €6,991)
- Profit (loss) carried forward -€4,044
down €4,044 (-9.6%), from -€41,970 to -€46,014
- Current portion of long-term debt +€2,742
up €2,742 (+21.2%), from €12,910 to €15,652
- Staff costs -€53,198
down €53,198 (-93.8%), from €56,733 to €3,535
- Gross operating margin -€49,188
down €49,188 (-62.3%), from €78,935 to €29,747
- Depreciation -€14,280
down €14,280 (-38.5%), from €37,133 to €22,853
- Financial charges +€6,918
up €6,918 (+1517.0%), from €456 to €7,374
- Write-downs -€6,216
no longer reported in 2025 (was €6,216)
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 | €87,423 | €58,419 | -€29,003 | -33.2% |
| Formation expenses | 20 | €117 | €20 | -€97 | -82.8% |
| Fixed assets | 21/28 | €46,203 | €43,818 | -€2,385 | -5.2% |
| Tangible fixed assets | 22/27 | €46,203 | €43,818 | -€2,385 | -5.2% |
| Plant, machinery and equipment | 23 | €10,128 | €6,373 | -€3,755 | -37.1% |
| Furniture and vehicles | 24 | €36,075 | €37,445 | +€1,370 | +3.8% |
| Current assets | 29/58 | €41,102 | €14,581 | -€26,521 | -64.5% |
| Amounts receivable within one year | 40/41 | €5,956 | €4,192 | -€1,764 | -29.6% |
| Trade receivables | 40 | €5,956 | €3,880 | -€2,076 | -34.9% |
| Other amounts receivable | 41 | - | €313 | +€313 | |
| Cash at bank and in hand | 54/58 | €34,374 | €9,944 | -€24,430 | -71.1% |
| Deferred charges and accrued income | 490/1 | €772 | €445 | -€327 | -42.4% |
| Total equity and liabilities | 10/49 | €87,423 | €58,419 | -€29,003 | -33.2% |
| Equity | 10/15 | -€38,970 | -€43,014 | -€4,044 | -10.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,970 | -€46,014 | -€4,044 | -9.6% |
| Amounts payable | 17/49 | €126,393 | €101,433 | -€24,960 | -19.7% |
| Amounts payable after more than one year | 17 | €53,537 | €39,896 | -€13,641 | -25.5% |
| Financial debts | 170/4 | €53,537 | €39,896 | -€13,641 | -25.5% |
| Amounts payable within one year | 42/48 | €72,606 | €61,537 | -€11,069 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €12,910 | €15,652 | +€2,742 | +21.2% |
| Trade debts | 44 | €11,003 | €12,477 | +€1,474 | +13.4% |
| Suppliers | 440/4 | €11,003 | €12,477 | +€1,474 | +13.4% |
| Taxes, remuneration and social security | 45 | €6,991 | - | -€6,991 | |
| Taxes | 450/3 | €6,991 | - | -€6,991 | |
| Other amounts payable | 47/48 | €41,702 | €33,408 | -€8,294 | -19.9% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €56,733 | €3,535 | -€53,198 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,133 | €22,853 | -€14,280 | -38.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,216 | - | -€6,216 | |
| Other operating charges | 640/8 | €3,356 | €28 | -€3,329 | -99.2% |
| Non-recurring operating charges | 66A | €19,063 | - | -€19,063 | |
| Gross operating margin | 9900 | €78,935 | €29,747 | -€49,188 | -62.3% |
| Operating profit (loss) | 9901 | -€43,566 | €3,331 | +€46,897 | |
| Financial income | 75/76B | €2,052 | €0 | -€2,052 | -100.0% |
| Recurring financial income | 75 | €2,052 | €0 | -€2,052 | -100.0% |
| Financial charges | 65/66B | €456 | €7,374 | +€6,918 | +1517.0% |
| Recurring financial charges | 65 | €456 | €7,374 | +€6,918 | +1517.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,970 | -€4,044 | +€37,927 | +90.4% |
| Profit (loss) for the period | 9904 | -€41,970 | -€4,044 | +€37,927 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,970 | -€4,044 | +€37,927 | +90.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.