TC FINANCE: what changed
TC FINANCE
Largest movements
- Cash +€33,506
up €33,506 (+128%), from €26,254 to €59,760
mainly Net result for the year (+€61,881) and Depreciation (+€700)
- Deferred charges and accrued income +€7,352
up €7,352 (+549%), from €1,340 to €8,692
- Current investments +€4,800
new in 2025: €4,800
- Receivables within one year +€3,100
new in 2025: €3,100
- Profit (loss) carried forward +€61,881
up €61,881 (+447%), from €13,847 to €75,728
- Other debts -€9,982
down €9,982 (-99.8%), from €10,000 to €18
- Tax, wage and social debts -€3,600
no longer reported in 2025 (was €3,600)
- Gross operating margin +€51,717
up €51,717 (+154%), from €33,526 to €85,243
- Taxes +€6,698
up €6,698 (+73.1%), from €9,166 to €15,864
- Other operating charges +€4,616
up €4,616 (+256%), from €1,805 to €6,421
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,353 | €79,411 | +€48,058 | +153% |
| Fixed assets | 21/28 | €3,759 | €3,059 | -€700 | -18.6% |
| Tangible fixed assets | 22/27 | €3,009 | €2,309 | -€700 | -23.3% |
| Furniture and vehicles | 24 | €3,009 | €2,309 | -€700 | -23.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €27,594 | €76,352 | +€48,758 | +177% |
| Amounts receivable within one year | 40/41 | - | €3,100 | +€3,100 | |
| Other amounts receivable | 41 | - | €3,100 | +€3,100 | |
| Current investments | 50/53 | - | €4,800 | +€4,800 | |
| Cash at bank and in hand | 54/58 | €26,254 | €59,760 | +€33,506 | +128% |
| Deferred charges and accrued income | 490/1 | €1,340 | €8,692 | +€7,352 | +549% |
| Total equity and liabilities | 10/49 | €31,353 | €79,411 | +€48,058 | +153% |
| Equity | 10/15 | €16,847 | €78,728 | +€61,881 | +367% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,847 | €75,728 | +€61,881 | +447% |
| Amounts payable | 17/49 | €14,506 | €683 | -€13,823 | -95.3% |
| Amounts payable within one year | 42/48 | €14,506 | €683 | -€13,823 | -95.3% |
| Trade debts | 44 | €906 | €665 | -€241 | -26.6% |
| Suppliers | 440/4 | €906 | €665 | -€241 | -26.6% |
| Taxes, remuneration and social security | 45 | €3,600 | - | -€3,600 | |
| Taxes | 450/3 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €10,000 | €18 | -€9,982 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | €700 | +€209 | +42.6% |
| Other operating charges | 640/8 | €1,805 | €6,421 | +€4,616 | +256% |
| Gross operating margin | 9900 | €33,526 | €85,243 | +€51,717 | +154% |
| Operating profit (loss) | 9901 | €31,230 | €78,122 | +€46,892 | +150% |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €441 | €468 | +€27 | +6.1% |
| Recurring financial charges | 65 | €441 | €468 | +€27 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €30,789 | €77,745 | +€46,956 | +153% |
| Income taxes | 67/77 | €9,166 | €15,864 | +€6,698 | +73.1% |
| Profit (loss) for the period | 9904 | €21,623 | €61,881 | +€40,258 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €21,623 | €61,881 | +€40,258 | +186% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.