T&CO: 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&CO
Largest movements
- Receivables within one year -€91,075
down €91,075 (-99.4%), from €91,587 to €512
of which Trade receivables: -€52,762
- Cash -€16,219
down €16,219 (-43.7%), from €37,112 to €20,894
mainly Contributions, distributions and other (-€95,623) and Net result for the year (-€24,082)
- Reserves -€95,623
no longer reported in 2025 (was €95,623)
- Other debts +€28,092
new in 2025: €28,092
- Profit (loss) carried forward -€24,082
new in 2025: -€24,082
- Tax, wage and social debts -€23,445
down €23,445 (-61.2%), from €38,331 to €14,885
of which Taxes: -€20,695
- Trade debts +€7,097
up €7,097 (+1229.9%), from €577 to €7,674
- Gross operating margin -€79,183
down €79,183, from €58,609 to -€20,574
- Taxes -€26,995
no longer reported in 2025 (was €26,995)
- Financial income -€1,575
down €1,575 (-98.8%), from €1,595 to €20
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 | €135,530 | €27,569 | -€107,961 | -79.7% |
| Fixed assets | 21/28 | €6,574 | €5,936 | -€638 | -9.7% |
| Tangible fixed assets | 22/27 | €6,114 | €5,476 | -€638 | -10.4% |
| Furniture and vehicles | 24 | €6,114 | €3,841 | -€2,273 | -37.2% |
| Other tangible fixed assets | 26 | - | €1,635 | +€1,635 | |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €128,957 | €21,633 | -€107,323 | -83.2% |
| Amounts receivable within one year | 40/41 | €91,587 | €512 | -€91,075 | -99.4% |
| Trade receivables | 40 | €52,762 | - | -€52,762 | |
| Other amounts receivable | 41 | €38,825 | €512 | -€38,313 | -98.7% |
| Cash at bank and in hand | 54/58 | €37,112 | €20,894 | -€16,219 | -43.7% |
| Deferred charges and accrued income | 490/1 | €257 | €227 | -€29 | -11.5% |
| Total equity and liabilities | 10/49 | €135,530 | €27,569 | -€107,961 | -79.7% |
| Equity | 10/15 | €96,623 | -€23,082 | -€119,705 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €95,623 | - | -€95,623 | |
| Distributable reserves | 133 | €95,623 | - | -€95,623 | |
| Profit (loss) carried forward | 14 | - | -€24,082 | -€24,082 | |
| Amounts payable | 17/49 | €38,908 | €50,651 | +€11,743 | +30.2% |
| Amounts payable within one year | 42/48 | €38,908 | €50,651 | +€11,743 | +30.2% |
| Trade debts | 44 | €577 | €7,674 | +€7,097 | +1229.9% |
| Suppliers | 440/4 | €577 | €7,674 | +€7,097 | +1229.9% |
| Taxes, remuneration and social security | 45 | €38,331 | €14,885 | -€23,445 | -61.2% |
| Taxes | 450/3 | €35,581 | €14,885 | -€20,695 | -58.2% |
| Remuneration and social security | 454/9 | €2,750 | - | -€2,750 | |
| Other amounts payable | 47/48 | - | €28,092 | +€28,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,136 | €2,453 | +€317 | +14.8% |
| Other operating charges | 640/8 | €64 | €574 | +€511 | +800.4% |
| Gross operating margin | 9900 | €58,609 | -€20,574 | -€79,183 | |
| Operating profit (loss) | 9901 | €56,409 | -€23,602 | -€80,011 | |
| Financial income | 75/76B | €1,595 | €20 | -€1,575 | -98.8% |
| Recurring financial income | 75 | €1,595 | €20 | -€1,575 | -98.8% |
| Financial charges | 65/66B | €99 | €500 | +€401 | +404.5% |
| Recurring financial charges | 65 | €99 | €500 | +€401 | +404.5% |
| Profit (loss) for the period before taxes | 9903 | €57,905 | -€24,082 | -€81,987 | |
| Income taxes | 67/77 | €26,995 | - | -€26,995 | |
| Profit (loss) for the period | 9904 | €30,909 | -€24,082 | -€54,991 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,909 | -€24,082 | -€54,991 |
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 6 October 2026 via checked.be.