TC & P: 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 & P
Largest movements
- Cash +€44,889
up €44,889 (+166.7%), from €26,923 to €71,812
mainly Other debts (+€42,173) and Net result for the year (+€35,821)
- Financial fixed assets +€42,000
new in 2025: €42,000
- Receivables within one year +€13,037
up €13,037 (+20.0%), from €65,217 to €78,254
of which Trade receivables: +€19,209
- Other debts +€42,173
up €42,173 (+112223.0%), from €38 to €42,211
- Trade debts +€24,304
up €24,304 (+250.7%), from €9,693 to €33,997
- Profit (loss) carried forward +€21,272
no longer reported in 2025 (was -€21,272)
- Reserves +€14,549
up €14,549 (+34.5%), from €42,208 to €56,757
- Gross operating margin +€49,998
up €49,998, from -€5,152 to €44,846
- Depreciation -€12,193
down €12,193 (-95.1%), from €12,823 to €629
- Taxes +€4,824
new in 2025: €4,824
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.
Cash bridge derived
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 | €93,155 | €194,544 | +€101,390 | +108.8% |
| Fixed assets | 21/28 | - | €43,345 | +€43,345 | |
| Tangible fixed assets | 22/27 | - | €1,345 | +€1,345 | |
| Furniture and vehicles | 24 | - | €1,345 | +€1,345 | |
| Financial fixed assets | 28 | - | €42,000 | +€42,000 | |
| Current assets | 29/58 | €93,155 | €151,199 | +€58,044 | +62.3% |
| Amounts receivable within one year | 40/41 | €65,217 | €78,254 | +€13,037 | +20.0% |
| Trade receivables | 40 | €43,328 | €62,537 | +€19,209 | +44.3% |
| Other amounts receivable | 41 | €21,890 | €15,718 | -€6,172 | -28.2% |
| Cash at bank and in hand | 54/58 | €26,923 | €71,812 | +€44,889 | +166.7% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,133 | +€118 | +11.7% |
| Total equity and liabilities | 10/49 | €93,155 | €194,544 | +€101,390 | +108.8% |
| Equity | 10/15 | €50,936 | €86,757 | +€35,821 | +70.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €42,208 | €56,757 | +€14,549 | +34.5% |
| Distributable reserves | 133 | €42,208 | €56,757 | +€14,549 | +34.5% |
| Profit (loss) carried forward | 14 | -€21,272 | - | +€21,272 | |
| Amounts payable | 17/49 | €42,219 | €107,787 | +€65,569 | +155.3% |
| Amounts payable within one year | 42/48 | €39,730 | €106,208 | +€66,477 | +167.3% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €9,693 | €33,997 | +€24,304 | +250.7% |
| Suppliers | 440/4 | €9,693 | €33,997 | +€24,304 | +250.7% |
| Other amounts payable | 47/48 | €38 | €42,211 | +€42,173 | +112223.0% |
| Accrued charges and deferred income | 492/3 | €2,488 | €1,580 | -€909 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,823 | €629 | -€12,193 | -95.1% |
| Other operating charges | 640/8 | €660 | €544 | -€116 | -17.5% |
| Gross operating margin | 9900 | -€5,152 | €44,846 | +€49,998 | |
| Operating profit (loss) | 9901 | -€18,634 | €43,673 | +€62,307 | |
| Financial income | 75/76B | €1 | €266 | +€265 | +52021.6% |
| Recurring financial income | 75 | €1 | €266 | +€265 | +52021.6% |
| Financial charges | 65/66B | €3,330 | €3,293 | -€37 | -1.1% |
| Recurring financial charges | 65 | €3,330 | €3,293 | -€37 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,964 | €40,645 | +€62,609 | |
| Income taxes | 67/77 | - | €4,824 | +€4,824 | |
| Profit (loss) for the period | 9904 | -€21,964 | €35,821 | +€57,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,964 | €35,821 | +€57,785 |
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 11 October 2026 via checked.be.