TC GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€438,943
down €438,943 (-34.8%), from €1.3m to €820,656
- Receivables within one year +€380,197
up €380,197 (+376%), from €101,085 to €481,282
of which Other amounts receivable: +€381,354
- Cash +€133,653
up €133,653 (+11,327%), from €1,180 to €134,833
mainly Investment in fixed assets (net) (+€425,433) and Net result for the year (+€423,446)
- Profit (loss) carried forward +€476,928
up €476,928 (+32.8%), from -€1.5m to -€979,094
- Other debts -€439,187
down €439,187 (-27.5%), from €1.6m to €1.2m
- Trade debts +€88,070
up €88,070 (+1,779%), from €4,950 to €93,020
- Reserves -€53,482
down €53,482 (-39.9%), from €133,980 to €80,498
of which Tax-exempt reserves: -€53,482
- Gross operating margin +€528,650
up €528,650 (+343,279%), from €154 to €528,804
- Depreciation -€54,994
down €54,994 (-80.3%), from €68,504 to €13,510
- Other operating charges -€27,019
down €27,019 (-25.2%), from €107,308 to €80,289
- Financial charges +€10,653
up €10,653 (+1,176%), from €906 to €11,559
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,363,203 | €1,438,089 | +€74,886 | +5.5% |
| Fixed assets | 21/28 | €1,260,849 | €821,906 | -€438,943 | -34.8% |
| Tangible fixed assets | 22/27 | €1,259,599 | €820,656 | -€438,943 | -34.8% |
| Land and buildings | 22 | €1,259,599 | €820,656 | -€438,943 | -34.8% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €102,354 | €616,183 | +€513,829 | +502% |
| Amounts receivable within one year | 40/41 | €101,085 | €481,282 | +€380,197 | +376% |
| Trade receivables | 40 | €20,764 | €19,607 | -€1,157 | -5.6% |
| Other amounts receivable | 41 | €80,321 | €461,675 | +€381,354 | +475% |
| Current investments | 50/53 | €89 | €68 | -€21 | -23.6% |
| Cash at bank and in hand | 54/58 | €1,180 | €134,833 | +€133,653 | +11,327% |
| Total equity and liabilities | 10/49 | €1,363,203 | €1,438,089 | +€74,886 | +5.5% |
| Equity | 10/15 | -€237,042 | €186,404 | +€423,446 | |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Capital | 10 | €335,000 | €335,000 | = | 0.0% |
| Issued capital | 100 | €335,000 | €960,000 | +€625,000 | +187% |
| Uncalled capital | 101 | - | €625,000 | +€625,000 | |
| Revaluation surpluses | 12 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €133,980 | €80,498 | -€53,482 | -39.9% |
| Non-distributable reserves | 130/1 | €5,271 | €5,271 | = | 0.0% |
| Legal reserve | 130 | €3,471 | €3,471 | = | 0.0% |
| Other | 1319 | €1,800 | €1,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,964 | €68,482 | -€53,482 | -43.9% |
| Distributable reserves | 133 | €6,745 | €6,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,456,022 | -€979,094 | +€476,928 | +32.8% |
| Amounts payable | 17/49 | €1,600,245 | €1,251,685 | -€348,560 | -21.8% |
| Amounts payable within one year | 42/48 | €1,600,245 | €1,251,685 | -€348,560 | -21.8% |
| Trade debts | 44 | €4,950 | €93,020 | +€88,070 | +1,779% |
| Suppliers | 440/4 | €4,950 | €93,020 | +€88,070 | +1,779% |
| Taxes, remuneration and social security | 45 | €325 | €2,882 | +€2,557 | +787% |
| Taxes | 450/3 | €325 | €2,882 | +€2,557 | +787% |
| Other amounts payable | 47/48 | €1,594,970 | €1,155,783 | -€439,187 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,504 | €13,510 | -€54,994 | -80.3% |
| Other operating charges | 640/8 | €107,308 | €80,289 | -€27,019 | -25.2% |
| Gross operating margin | 9900 | €154 | €528,804 | +€528,650 | +343,279% |
| Operating profit (loss) | 9901 | -€175,658 | €435,005 | +€610,663 | |
| Financial charges | 65/66B | €906 | €11,559 | +€10,653 | +1,176% |
| Recurring financial charges | 65 | €906 | €11,559 | +€10,653 | +1,176% |
| Profit (loss) for the period before taxes | 9903 | -€176,564 | €423,446 | +€600,010 | |
| Profit (loss) for the period | 9904 | -€176,564 | €423,446 | +€600,010 | |
| Transfer from tax-exempt reserves | 789 | - | €53,482 | +€53,482 | |
| Profit (loss) for the period to be appropriated | 9905 | -€176,564 | €476,928 | +€653,492 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.