TBCA & Co: 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.
TBCA & Co
Largest movements
- Receivables within one year -€597,576
down €597,576 (-38.4%), from €1.6m to €956,647
of which Other amounts receivable: -€424,226
- Cash +€419,809
up €419,809 (+124.2%), from €338,080 to €757,888
mainly Receivables within one year (+€597,576) and Net result for the year (+€487,710)
- Current investments +€346,137
up €346,137 (+8.2%), from €4.2m to €4.6m
- Profit (loss) carried forward +€487,710
up €487,710 (+20.1%), from €2.4m to €2.9m
- Trade debts -€191,979
down €191,979 (-98.6%), from €194,658 to €2,678
- Accrued charges and deferred income -€119,868
down €119,868 (-99.8%), from €120,088 to €220
- Financial income +€27,040
up €27,040 (+45.0%), from €60,085 to €87,126
- Gross operating margin +€26,282
up €26,282 (+4.8%), from €548,331 to €574,613
- Financial charges +€24,856
up €24,856, from -€21,742 to €3,113
- Other operating charges -€13,060
down €13,060 (-85.3%), from €15,305 to €2,246
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 | €7,643,505 | €7,790,233 | +€146,728 | +1.9% |
| Fixed assets | 21/28 | €1,527,640 | €1,504,679 | -€22,961 | -1.5% |
| Tangible fixed assets | 22/27 | €32,900 | €9,939 | -€22,961 | -69.8% |
| Furniture and vehicles | 24 | €32,900 | €9,939 | -€22,961 | -69.8% |
| Financial fixed assets | 28 | €1,494,740 | €1,494,740 | = | 0.0% |
| Current assets | 29/58 | €6,115,865 | €6,285,554 | +€169,689 | +2.8% |
| Amounts receivable within one year | 40/41 | €1,554,224 | €956,647 | -€597,576 | -38.4% |
| Trade receivables | 40 | €471,605 | €298,255 | -€173,350 | -36.8% |
| Other amounts receivable | 41 | €1,082,619 | €658,392 | -€424,226 | -39.2% |
| Current investments | 50/53 | €4,221,976 | €4,568,113 | +€346,137 | +8.2% |
| Cash at bank and in hand | 54/58 | €338,080 | €757,888 | +€419,809 | +124.2% |
| Deferred charges and accrued income | 490/1 | €1,586 | €2,905 | +€1,319 | +83.2% |
| Total equity and liabilities | 10/49 | €7,643,505 | €7,790,233 | +€146,728 | +1.9% |
| Equity | 10/15 | €7,007,985 | €7,495,695 | +€487,710 | +7.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €4,571,170 | €4,571,170 | = | 0.0% |
| Distributable reserves | 133 | €4,571,170 | €4,571,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,424,315 | €2,912,025 | +€487,710 | +20.1% |
| Amounts payable | 17/49 | €635,520 | €294,538 | -€340,982 | -53.7% |
| Amounts payable after more than one year | 17 | €138,018 | €98,655 | -€39,363 | -28.5% |
| Financial debts | 170/4 | €138,018 | €98,655 | -€39,363 | -28.5% |
| Amounts payable within one year | 42/48 | €377,415 | €195,663 | -€181,752 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €54,675 | €39,363 | -€15,312 | -28.0% |
| Financial debts | 43 | €70,833 | €116,953 | +€46,120 | +65.1% |
| Other loans | 439 | €70,833 | €116,953 | +€46,120 | +65.1% |
| Trade debts | 44 | €194,658 | €2,678 | -€191,979 | -98.6% |
| Suppliers | 440/4 | €194,658 | €2,678 | -€191,979 | -98.6% |
| Taxes, remuneration and social security | 45 | €57,249 | €36,669 | -€20,580 | -35.9% |
| Taxes | 450/3 | €57,249 | €36,669 | -€20,580 | -35.9% |
| Accrued charges and deferred income | 492/3 | €120,088 | €220 | -€119,868 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,961 | €22,961 | = | 0.0% |
| Other operating charges | 640/8 | €15,305 | €2,246 | -€13,060 | -85.3% |
| Gross operating margin | 9900 | €548,331 | €574,613 | +€26,282 | +4.8% |
| Operating profit (loss) | 9901 | €510,065 | €549,406 | +€39,342 | +7.7% |
| Financial income | 75/76B | €60,085 | €87,126 | +€27,040 | +45.0% |
| Recurring financial income | 75 | €60,085 | €87,126 | +€27,040 | +45.0% |
| Financial charges | 65/66B | -€21,742 | €3,113 | +€24,856 | |
| Recurring financial charges | 65 | -€21,742 | €3,113 | +€24,856 | |
| Profit (loss) for the period before taxes | 9903 | €591,892 | €633,419 | +€41,527 | +7.0% |
| Income taxes | 67/77 | €146,232 | €145,709 | -€523 | -0.4% |
| Profit (loss) for the period | 9904 | €445,660 | €487,710 | +€42,050 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €445,660 | €487,710 | +€42,050 | +9.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.