TC BILZEN: 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.
TC BILZEN
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+35.2%), from €3.8m to €5.1m
of which Land and buildings: +€1.7m
- Cash -€558,737
down €558,737 (-82.5%), from €677,489 to €118,752
mainly Investment in fixed assets (net) (-€1.5m) and Contributions, distributions and other (-€37,689)
- Debts after one year +€519,908
up €519,908 (+27.3%), from €1.9m to €2.4m
- Reserves +€225,330
up €225,330 (+38.6%), from €583,750 to €809,080
- Current portion of long-term debt +€67,644
up €67,644 (+41.6%), from €162,448 to €230,092
- Gross operating margin +€164,862
up €164,862 (+66.4%), from €248,459 to €413,321
- Depreciation +€29,061
up €29,061 (+19.8%), from €146,632 to €175,693
- Financial income +€21,712
up €21,712 (+136%), from €15,978 to €37,689
- Taxes -€7,549
down €7,549 (-37.5%), from €20,136 to €12,587
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 | €4,496,643 | €5,286,032 | +€789,389 | +17.6% |
| Fixed assets | 21/28 | €3,765,029 | €5,092,035 | +€1.3m | +35.2% |
| Tangible fixed assets | 22/27 | €3,765,029 | €5,092,035 | +€1.3m | +35.2% |
| Land and buildings | 22 | €3,334,021 | €5,053,167 | +€1.7m | +51.6% |
| Plant, machinery and equipment | 23 | €1,722 | €492 | -€1,230 | -71.4% |
| Furniture and vehicles | 24 | €37,222 | €38,376 | +€1,154 | +3.1% |
| Assets under construction and advance payments | 27 | €392,065 | - | -€392,065 | |
| Current assets | 29/58 | €731,614 | €193,998 | -€537,616 | -73.5% |
| Amounts receivable within one year | 40/41 | €53,469 | €74,317 | +€20,848 | +39.0% |
| Trade receivables | 40 | €25,745 | €74,317 | +€48,572 | +189% |
| Other amounts receivable | 41 | €27,724 | - | -€27,724 | |
| Cash at bank and in hand | 54/58 | €677,489 | €118,752 | -€558,737 | -82.5% |
| Deferred charges and accrued income | 490/1 | €656 | €929 | +€273 | +41.7% |
| Total equity and liabilities | 10/49 | €4,496,643 | €5,286,032 | +€789,389 | +17.6% |
| Equity | 10/15 | €2,241,831 | €2,429,472 | +€187,641 | +8.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €583,750 | €809,080 | +€225,330 | +38.6% |
| Distributable reserves | 133 | €583,750 | €809,080 | +€225,330 | +38.6% |
| Investment grants | 15 | €908,081 | €870,392 | -€37,689 | -4.2% |
| Amounts payable | 17/49 | €2,254,812 | €2,856,560 | +€601,748 | +26.7% |
| Amounts payable after more than one year | 17 | €1,907,305 | €2,427,213 | +€519,908 | +27.3% |
| Financial debts | 170/4 | €1,907,305 | €2,427,213 | +€519,908 | +27.3% |
| Amounts payable within one year | 42/48 | €296,672 | €392,397 | +€95,725 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €162,448 | €230,092 | +€67,644 | +41.6% |
| Trade debts | 44 | €3,478 | €21,998 | +€18,520 | +532% |
| Suppliers | 440/4 | €3,478 | €21,998 | +€18,520 | +532% |
| Taxes, remuneration and social security | 45 | €11,601 | €9,468 | -€2,133 | -18.4% |
| Taxes | 450/3 | €11,601 | €9,468 | -€2,133 | -18.4% |
| Other amounts payable | 47/48 | €119,146 | €130,839 | +€11,694 | +9.8% |
| Accrued charges and deferred income | 492/3 | €50,835 | €36,950 | -€13,885 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,632 | €175,693 | +€29,061 | +19.8% |
| Other operating charges | 640/8 | €3,620 | €1,285 | -€2,334 | -64.5% |
| Non-recurring operating charges | 66A | €102 | - | -€102 | |
| Gross operating margin | 9900 | €248,459 | €413,321 | +€164,862 | +66.4% |
| Operating profit (loss) | 9901 | €98,106 | €236,343 | +€138,237 | +141% |
| Financial income | 75/76B | €15,978 | €37,689 | +€21,712 | +136% |
| Recurring financial income | 75 | €15,978 | €37,689 | +€21,712 | +136% |
| Financial charges | 65/66B | €39,942 | €36,114 | -€3,827 | -9.6% |
| Recurring financial charges | 65 | €39,942 | €36,114 | -€3,827 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €74,141 | €237,917 | +€163,776 | +221% |
| Income taxes | 67/77 | €20,136 | €12,587 | -€7,549 | -37.5% |
| Profit (loss) for the period | 9904 | €54,006 | €225,330 | +€171,324 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €54,006 | €225,330 | +€171,324 | +317% |
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 14 October 2026 via checked.be.