T-COMPANY: 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-COMPANY
Largest movements
- Cash -€144,169
down €144,169 (-48.3%), from €298,249 to €154,081
mainly Other debts (-€253,283) and Receivables within one year (-€124,403)
- Receivables within one year +€124,403
up €124,403 (+31.1%), from €400,262 to €524,665
of which Trade receivables: +€123,938
- Tangible fixed assets -€25,147
down €25,147 (-5.3%), from €472,370 to €447,223
of which Furniture and vehicles: -€24,920
- Reserves +€259,500
up €259,500 (+100%), from €258,500 to €518,000
- Other debts -€253,283
down €253,283 (-30.3%), from €835,005 to €581,722
- Debts after one year -€61,446
down €61,446 (-10.9%), from €565,690 to €504,244
- Other operating charges -€48,212
down €48,212 (-97.3%), from €49,574 to €1,363
- Gross operating margin +€45,841
up €45,841 (+13.5%), from €338,863 to €384,704
- Taxes +€23,007
up €23,007 (+39.8%), from €57,824 to €80,830
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 | €1,923,217 | €1,878,233 | -€44,984 | -2.3% |
| Fixed assets | 21/28 | €1,224,449 | €1,199,302 | -€25,147 | -2.1% |
| Tangible fixed assets | 22/27 | €472,370 | €447,223 | -€25,147 | -5.3% |
| Land and buildings | 22 | €446,634 | €446,406 | -€227 | -0.1% |
| Furniture and vehicles | 24 | €25,737 | €817 | -€24,920 | -96.8% |
| Financial fixed assets | 28 | €752,079 | €752,079 | = | 0.0% |
| Current assets | 29/58 | €698,768 | €678,932 | -€19,837 | -2.8% |
| Amounts receivable within one year | 40/41 | €400,262 | €524,665 | +€124,403 | +31.1% |
| Trade receivables | 40 | €400,000 | €523,938 | +€123,938 | +31.0% |
| Other amounts receivable | 41 | €262 | €727 | +€464 | +177% |
| Cash at bank and in hand | 54/58 | €298,249 | €154,081 | -€144,169 | -48.3% |
| Deferred charges and accrued income | 490/1 | €257 | €186 | -€71 | -27.5% |
| Total equity and liabilities | 10/49 | €1,923,217 | €1,878,233 | -€44,984 | -2.3% |
| Equity | 10/15 | €358,718 | €618,440 | +€259,722 | +72.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €258,500 | €518,000 | +€259,500 | +100% |
| Distributable reserves | 133 | €258,500 | €518,000 | +€259,500 | +100% |
| Profit (loss) carried forward | 14 | €218 | €440 | +€222 | +102% |
| Amounts payable | 17/49 | €1,564,499 | €1,259,793 | -€304,706 | -19.5% |
| Amounts payable after more than one year | 17 | €565,690 | €504,244 | -€61,446 | -10.9% |
| Financial debts | 170/4 | €565,690 | €504,244 | -€61,446 | -10.9% |
| Amounts payable within one year | 42/48 | €998,810 | €755,550 | -€243,260 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €59,145 | €61,446 | +€2,301 | +3.9% |
| Trade debts | 44 | €20,112 | €9,916 | -€10,196 | -50.7% |
| Suppliers | 440/4 | €20,112 | €9,916 | -€10,196 | -50.7% |
| Taxes, remuneration and social security | 45 | €84,548 | €102,465 | +€17,917 | +21.2% |
| Taxes | 450/3 | €74,548 | €97,465 | +€22,917 | +30.7% |
| Remuneration and social security | 454/9 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Other amounts payable | 47/48 | €835,005 | €581,722 | -€253,283 | -30.3% |
| Non-recurring operating income | 76A | - | €5,293 | +€5,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,362 | €18,444 | -€918 | -4.7% |
| Other operating charges | 640/8 | €49,574 | €1,363 | -€48,212 | -97.3% |
| Gross operating margin | 9900 | €338,863 | €384,704 | +€45,841 | +13.5% |
| Operating profit (loss) | 9901 | €269,927 | €364,898 | +€94,971 | +35.2% |
| Financial charges | 65/66B | €22,115 | €24,346 | +€2,230 | +10.1% |
| Recurring financial charges | 65 | €22,115 | €24,346 | +€2,230 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €247,812 | €340,552 | +€92,741 | +37.4% |
| Income taxes | 67/77 | €57,824 | €80,830 | +€23,007 | +39.8% |
| Profit (loss) for the period | 9904 | €189,988 | €259,722 | +€69,734 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €189,988 | €259,722 | +€69,734 | +36.7% |
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 22 October 2026 via checked.be.