T-CAS: 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-CAS
Largest movements
- Tangible fixed assets +€300,000
new in 2025: €300,000
- Current investments -€65,991
down €65,991 (-100.0%), from €65,991 to €0
- Receivables within one year +€58,850
up €58,850 (+115.3%), from €51,040 to €109,890
of which Other amounts receivable: +€59,884
- Deferred charges and accrued income +€10,405
up €10,405 (+2123.6%), from €490 to €10,895
- Debts after one year +€300,000
new in 2025: €300,000
- Trade debts +€17,211
up €17,211 (+171.4%), from €10,041 to €27,252
- Tax, wage and social debts -€13,262
down €13,262 (-42.7%), from €31,073 to €17,812
of which Taxes: -€15,735
- Depreciation +€39,999
new in 2025: €39,999
- Financial income +€14,457
up €14,457 (+1717.6%), from €842 to €15,299
- Taxes -€5,944
down €5,944 (-76.0%), from €7,818 to €1,874
- Gross operating margin +€4,076
up €4,076 (+8.0%), from €51,157 to €55,233
- Financial charges +€1,329
up €1,329 (+547.6%), from €243 to €1,572
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 | €154,597 | €461,425 | +€306,828 | +198.5% |
| Fixed assets | 21/28 | €1,595 | €303,191 | +€301,595 | +18903.1% |
| Tangible fixed assets | 22/27 | - | €300,000 | +€300,000 | |
| Land and buildings | 22 | - | €300,000 | +€300,000 | |
| Financial fixed assets | 28 | €1,595 | €3,191 | +€1,595 | +100.0% |
| Current assets | 29/58 | €153,002 | €158,234 | +€5,232 | +3.4% |
| Amounts receivable within one year | 40/41 | €51,040 | €109,890 | +€58,850 | +115.3% |
| Trade receivables | 40 | €1,035 | €0 | -€1,035 | -100.0% |
| Other amounts receivable | 41 | €50,005 | €109,890 | +€59,884 | +119.8% |
| Current investments | 50/53 | €65,991 | €0 | -€65,991 | -100.0% |
| Cash at bank and in hand | 54/58 | €35,481 | €37,449 | +€1,968 | +5.5% |
| Deferred charges and accrued income | 490/1 | €490 | €10,895 | +€10,405 | +2123.6% |
| Total equity and liabilities | 10/49 | €154,597 | €461,425 | +€306,828 | +198.5% |
| Equity | 10/15 | €113,483 | €115,961 | +€2,478 | +2.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,383 | €115,861 | +€2,478 | +2.2% |
| Amounts payable | 17/49 | €41,114 | €345,464 | +€304,350 | +740.3% |
| Amounts payable after more than one year | 17 | - | €300,000 | +€300,000 | |
| Financial debts | 170/4 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €41,114 | €45,064 | +€3,950 | +9.6% |
| Trade debts | 44 | €10,041 | €27,252 | +€17,211 | +171.4% |
| Suppliers | 440/4 | €10,041 | €27,252 | +€17,211 | +171.4% |
| Taxes, remuneration and social security | 45 | €31,073 | €17,812 | -€13,262 | -42.7% |
| Taxes | 450/3 | €27,749 | €12,014 | -€15,735 | -56.7% |
| Remuneration and social security | 454/9 | €3,324 | €5,798 | +€2,474 | +74.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €22,945 | €23,871 | +€926 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39,999 | +€39,999 | |
| Other operating charges | 640/8 | €226 | €738 | +€512 | +226.4% |
| Gross operating margin | 9900 | €51,157 | €55,233 | +€4,076 | +8.0% |
| Operating profit (loss) | 9901 | €27,986 | -€9,376 | -€37,362 | |
| Financial income | 75/76B | €842 | €15,299 | +€14,457 | +1717.6% |
| Recurring financial income | 75 | €842 | €15,299 | +€14,457 | +1717.6% |
| Financial charges | 65/66B | €243 | €1,572 | +€1,329 | +547.6% |
| Recurring financial charges | 65 | €243 | €1,572 | +€1,329 | +547.6% |
| Profit (loss) for the period before taxes | 9903 | €28,585 | €4,352 | -€24,233 | -84.8% |
| Income taxes | 67/77 | €7,818 | €1,874 | -€5,944 | -76.0% |
| Profit (loss) for the period | 9904 | €20,767 | €2,478 | -€18,289 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,767 | €2,478 | -€18,289 | -88.1% |
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 1 October 2026 via checked.be.