TC ESTATE: 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 ESTATE
Largest movements
- Receivables within one year +€75,152
up €75,152 (+57.7%), from €130,330 to €205,482
of which Other amounts receivable: +€75,267
- Stocks and contracts -€64,780
down €64,780 (-39.9%), from €162,345 to €97,565
of which Stocks: -€64,780
- Cash -€10,536
down €10,536 (-95.7%), from €11,007 to €471
mainly Receivables within one year (-€75,152) and Tax, wage and social debts (-€823)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€60,062
down €60,062, from €50,442 to -€9,620
- Taxes -€11,776
down €11,776 (-99.5%), from €11,830 to €54
- Financial income +€11,477
up €11,477, from €0 to €11,477
- Other operating charges -€1,060
down €1,060 (-52.8%), from €2,009 to €949
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 | €453,682 | €453,518 | -€164 | 0.0% |
| Fixed assets | 21/28 | €150,000 | €150,000 | = | 0.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €303,682 | €303,518 | -€164 | -0.1% |
| Stocks and contracts in progress | 3 | €162,345 | €97,565 | -€64,780 | -39.9% |
| Stocks | 30/36 | €162,345 | €97,565 | -€64,780 | -39.9% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €130,330 | €205,482 | +€75,152 | +57.7% |
| Trade receivables | 40 | €115 | €0 | -€115 | -100% |
| Other amounts receivable | 41 | €130,215 | €205,482 | +€75,267 | +57.8% |
| Cash at bank and in hand | 54/58 | €11,007 | €471 | -€10,536 | -95.7% |
| Total equity and liabilities | 10/49 | €453,682 | €453,518 | -€164 | 0.0% |
| Equity | 10/15 | €438,677 | €438,846 | +€169 | 0.0% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,677 | €38,846 | +€169 | +0.4% |
| Amounts payable | 17/49 | €15,005 | €14,671 | -€333 | -2.2% |
| Amounts payable within one year | 42/48 | €15,005 | €14,671 | -€333 | -2.2% |
| Trade debts | 44 | €115 | €605 | +€490 | +425% |
| Suppliers | 440/4 | €115 | €605 | +€490 | +425% |
| Taxes, remuneration and social security | 45 | €13,182 | €12,359 | -€823 | -6.2% |
| Taxes | 450/3 | €13,182 | €12,359 | -€823 | -6.2% |
| Other amounts payable | 47/48 | €1,707 | €1,707 | = | 0.0% |
| Other operating charges | 640/8 | €2,009 | €949 | -€1,060 | -52.8% |
| Gross operating margin | 9900 | €50,442 | -€9,620 | -€60,062 | |
| Operating profit (loss) | 9901 | €48,433 | -€10,569 | -€59,002 | |
| Financial income | 75/76B | €0 | €11,477 | +€11,477 | |
| Recurring financial income | 75 | €0 | €11,477 | +€11,477 | |
| Financial charges | 65/66B | €468 | €685 | +€217 | +46.2% |
| Recurring financial charges | 65 | €468 | €685 | +€217 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €47,964 | €223 | -€47,741 | -99.5% |
| Income taxes | 67/77 | €11,830 | €54 | -€11,776 | -99.5% |
| Profit (loss) for the period | 9904 | €36,134 | €169 | -€35,965 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,134 | €169 | -€35,965 | -99.5% |
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.