TC ECO: 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 ECO
Largest movements
- Cash +€120,453
up €120,453 (+78.1%), from €154,200 to €274,653
mainly Trade debts (+€90,130) and Net result for the year (+€41,905)
- Receivables within one year +€34,373
up €34,373 (+266%), from €12,921 to €47,294
of which Other amounts receivable: +€18,086
- Tangible fixed assets -€8,342
down €8,342 (-56.5%), from €14,774 to €6,432
- Trade debts +€90,130
up €90,130 (+525%), from €17,153 to €107,283
- Profit (loss) carried forward +€41,905
up €41,905 (+35.4%), from €118,333 to €160,238
- Tax, wage and social debts +€20,449
new in 2025: €20,449
- Other debts -€6,000
down €6,000 (-14.5%), from €41,270 to €35,270
- Turnover +€121,019
up €121,019 (+53.3%), from €227,128 to €348,147
- Purchases and services +€116,116
up €116,116 (+64.7%), from €179,510 to €295,626
- Gross operating margin +€11,008
up €11,008 (+23.1%), from €47,618 to €58,626
- Other operating charges -€3,623
down €3,623 (-30.3%), from €11,945 to €8,322
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 | €197,075 | €343,559 | +€146,484 | +74.3% |
| Fixed assets | 21/28 | €14,898 | €6,556 | -€8,342 | -56.0% |
| Tangible fixed assets | 22/27 | €14,774 | €6,432 | -€8,342 | -56.5% |
| Furniture and vehicles | 24 | €14,774 | €6,432 | -€8,342 | -56.5% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €182,177 | €337,003 | +€154,826 | +85.0% |
| Stocks and contracts in progress | 3 | €15,056 | €15,056 | = | 0.0% |
| Stocks | 30/36 | €15,056 | €15,056 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,921 | €47,294 | +€34,373 | +266% |
| Trade receivables | 40 | €10,060 | €26,347 | +€16,287 | +162% |
| Other amounts receivable | 41 | €2,861 | €20,947 | +€18,086 | +632% |
| Cash at bank and in hand | 54/58 | €154,200 | €274,653 | +€120,453 | +78.1% |
| Total equity and liabilities | 10/49 | €197,075 | €343,559 | +€146,484 | +74.3% |
| Equity | 10/15 | €138,652 | €180,557 | +€41,905 | +30.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,727 | €1,727 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,727 | €1,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,727 | €1,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,333 | €160,238 | +€41,905 | +35.4% |
| Amounts payable | 17/49 | €58,423 | €163,002 | +€104,579 | +179% |
| Amounts payable within one year | 42/48 | €58,423 | €163,002 | +€104,579 | +179% |
| Trade debts | 44 | €17,153 | €107,283 | +€90,130 | +525% |
| Suppliers | 440/4 | €17,153 | €107,283 | +€90,130 | +525% |
| Taxes, remuneration and social security | 45 | - | €20,449 | +€20,449 | |
| Taxes | 450/3 | - | €20,449 | +€20,449 | |
| Other amounts payable | 47/48 | €41,270 | €35,270 | -€6,000 | -14.5% |
| Turnover | 70 | €227,128 | €348,147 | +€121,019 | +53.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €179,510 | €295,626 | +€116,116 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,341 | €8,341 | = | 0.0% |
| Other operating charges | 640/8 | €11,945 | €8,322 | -€3,623 | -30.3% |
| Gross operating margin | 9900 | €47,618 | €58,626 | +€11,008 | +23.1% |
| Operating profit (loss) | 9901 | €27,332 | €41,963 | +€14,631 | +53.5% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €90 | €58 | -€32 | -35.6% |
| Recurring financial charges | 65 | €90 | €58 | -€32 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €27,253 | €41,905 | +€14,652 | +53.8% |
| Profit (loss) for the period | 9904 | €27,253 | €41,905 | +€14,652 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,253 | €41,905 | +€14,652 | +53.8% |
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 21 October 2026 via checked.be.