T.C. DESIGN: 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. DESIGN
Largest movements
- Stocks and contracts -€18,679
down €18,679 (-33.2%), from €56,197 to €37,518
of which Stocks: -€14,304
- Receivables within one year -€18,273
down €18,273 (-17.4%), from €104,915 to €86,642
of which Trade receivables: -€23,569
- Tangible fixed assets +€10,382
up €10,382 (+8.9%), from €116,169 to €126,551
of which Furniture and vehicles: +€20,809
- Cash -€5,782
no longer reported in 2025 (was €5,782)
mainly Trade debts (-€35,900) and Investment in fixed assets (net) (-€35,329)
- Trade debts -€35,900
down €35,900 (-35.5%), from €101,047 to €65,147
- Short-term financial debts +€11,963
up €11,963 (+184%), from €6,493 to €18,456
- Other debts -€11,537
no longer reported in 2025 (was €11,537)
- Debts after one year +€10,804
up €10,804 (+42.5%), from €25,440 to €36,243
- Profit (loss) carried forward -€10,505
new in 2025: -€10,505
- Gross operating margin -€65,665
down €65,665 (-36.7%), from €178,933 to €113,268
- Staff costs -€28,087
down €28,087 (-24.2%), from €116,189 to €88,102
- Taxes -€9,035
down €9,035 (-94.9%), from €9,525 to €490
- Depreciation +€6,155
up €6,155 (+32.8%), from €18,792 to €24,948
- Other operating charges -€4,583
down €4,583 (-77.1%), from €5,945 to €1,362
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 | €284,650 | €252,386 | -€32,264 | -11.3% |
| Fixed assets | 21/28 | €117,649 | €128,030 | +€10,382 | +8.8% |
| Tangible fixed assets | 22/27 | €116,169 | €126,551 | +€10,382 | +8.9% |
| Land and buildings | 22 | €70,511 | €65,487 | -€5,025 | -7.1% |
| Plant, machinery and equipment | 23 | €34,657 | €29,255 | -€5,402 | -15.6% |
| Furniture and vehicles | 24 | €11,000 | €31,809 | +€20,809 | +189% |
| Financial fixed assets | 28 | €1,480 | €1,480 | = | 0.0% |
| Current assets | 29/58 | €167,001 | €124,355 | -€42,646 | -25.5% |
| Stocks and contracts in progress | 3 | €56,197 | €37,518 | -€18,679 | -33.2% |
| Stocks | 30/36 | €48,322 | €34,018 | -€14,304 | -29.6% |
| Contracts in progress | 37 | €7,875 | €3,500 | -€4,375 | -55.6% |
| Amounts receivable within one year | 40/41 | €104,915 | €86,642 | -€18,273 | -17.4% |
| Trade receivables | 40 | €64,251 | €40,681 | -€23,569 | -36.7% |
| Other amounts receivable | 41 | €40,664 | €45,961 | +€5,297 | +13.0% |
| Cash at bank and in hand | 54/58 | €5,782 | - | -€5,782 | |
| Deferred charges and accrued income | 490/1 | €107 | €195 | +€88 | +82.0% |
| Total equity and liabilities | 10/49 | €284,650 | €252,386 | -€32,264 | -11.3% |
| Equity | 10/15 | €110,230 | €99,536 | -€10,694 | -9.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €91,680 | €91,491 | -€189 | -0.2% |
| Distributable reserves | 133 | €91,680 | €91,491 | -€189 | -0.2% |
| Profit (loss) carried forward | 14 | - | -€10,505 | -€10,505 | |
| Amounts payable | 17/49 | €174,420 | €152,850 | -€21,570 | -12.4% |
| Amounts payable after more than one year | 17 | €25,440 | €36,243 | +€10,804 | +42.5% |
| Financial debts | 170/4 | €25,440 | €36,243 | +€10,804 | +42.5% |
| Amounts payable within one year | 42/48 | €148,980 | €116,606 | -€32,374 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €14,225 | €13,881 | -€344 | -2.4% |
| Financial debts | 43 | €6,493 | €18,456 | +€11,963 | +184% |
| Credit institutions | 430/8 | €6,493 | €18,456 | +€11,963 | +184% |
| Trade debts | 44 | €101,047 | €65,147 | -€35,900 | -35.5% |
| Suppliers | 440/4 | €101,047 | €65,147 | -€35,900 | -35.5% |
| Taxes, remuneration and social security | 45 | €15,678 | €19,122 | +€3,444 | +22.0% |
| Taxes | 450/3 | €5,957 | €5,853 | -€104 | -1.8% |
| Remuneration and social security | 454/9 | €9,721 | €13,269 | +€3,548 | +36.5% |
| Other amounts payable | 47/48 | €11,537 | - | -€11,537 | |
| Remuneration, social security and pensions | 62 | €116,189 | €88,102 | -€28,087 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,792 | €24,948 | +€6,155 | +32.8% |
| Other operating charges | 640/8 | €5,945 | €1,362 | -€4,583 | -77.1% |
| Gross operating margin | 9900 | €178,933 | €113,268 | -€65,665 | -36.7% |
| Operating profit (loss) | 9901 | €38,007 | -€1,144 | -€39,150 | |
| Financial income | 75/76B | €131 | €41 | -€89 | -68.5% |
| Recurring financial income | 75 | €131 | €41 | -€89 | -68.5% |
| Financial charges | 65/66B | €9,752 | €9,102 | -€650 | -6.7% |
| Recurring financial charges | 65 | €9,752 | €9,102 | -€650 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €28,385 | -€10,204 | -€38,590 | |
| Income taxes | 67/77 | €9,525 | €490 | -€9,035 | -94.9% |
| Profit (loss) for the period | 9904 | €18,861 | -€10,694 | -€29,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,861 | -€10,694 | -€29,555 |
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 19 October 2026 via checked.be.