TC & Partners: 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 & Partners
Largest movements
- Financial fixed assets -€1.3m
down €1.3m (-9.6%), from €13.3m to €12.0m
of which Affiliated companies: -€1.8m
- Receivables after one year -€1.0m
no longer reported in 2025 (was €1.0m)
- Profit (loss) carried forward -€6.1m
down €6.1m (-7,259%), from -€84,374 to -€6.2m
- Debts after one year +€4.4m
up €4.4m (+35.9%), from €12.3m to €16.7m
- Other debts -€631,765
no longer reported in 2025 (was €631,765)
- Financial charges +€13.9m
up €13.9m (+5,495%), from €252,121 to €14.1m
of which Non-recurring financial charges: +€13.8m
- Financial income +€7.8m
up €7.8m (+3,414%), from €229,238 to €8.1m
of which Non-recurring financial income: +€7.9m
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 | €14,390,818 | €12,049,034 | -€2.3m | -16.3% |
| Fixed assets | 21/28 | €13,331,842 | €12,046,942 | -€1.3m | -9.6% |
| Financial fixed assets | 28 | €13,331,842 | €12,046,942 | -€1.3m | -9.6% |
| Affiliated companies | 280/1 | €13,331,842 | €11,546,942 | -€1.8m | -13.4% |
| Participating interests | 280 | €7,526,797 | €11,546,942 | +€4.0m | +53.4% |
| Amounts receivable | 281 | €5,805,045 | - | -€5.8m | |
| Other financial fixed assets | 284/8 | - | €500,000 | +€500,000 | |
| Shares | 284 | - | €500,000 | +€500,000 | |
| Current assets | 29/58 | €1,058,976 | €2,092 | -€1.1m | -99.8% |
| Amounts receivable after more than one year | 29 | €1,000,000 | - | -€1.0m | |
| Other amounts receivable | 291 | €1,000,000 | - | -€1.0m | |
| Amounts receivable within one year | 40/41 | €51,573 | €258 | -€51,315 | -99.5% |
| Other amounts receivable | 41 | €51,573 | €258 | -€51,315 | -99.5% |
| Cash at bank and in hand | 54/58 | €7,403 | €1,835 | -€5,568 | -75.2% |
| Total equity and liabilities | 10/49 | €14,390,818 | €12,049,034 | -€2.3m | -16.3% |
| Equity | 10/15 | €1,465,648 | -€4,658,968 | -€6.1m | |
| Contributions | 10/11 | €1,550,022 | €1,550,022 | = | 0.0% |
| Capital | 10 | €1,550,022 | €1,550,022 | = | 0.0% |
| Issued capital | 100 | €1,550,022 | €1,550,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,374 | -€6,208,990 | -€6.1m | -7,259% |
| Amounts payable | 17/49 | €12,925,170 | €16,708,002 | +€3.8m | +29.3% |
| Amounts payable after more than one year | 17 | €12,293,405 | €16,701,303 | +€4.4m | +35.9% |
| Financial debts | 170/4 | €12,293,405 | €16,701,303 | +€4.4m | +35.9% |
| Other loans | 174 | €12,293,405 | €16,701,303 | +€4.4m | +35.9% |
| Amounts payable within one year | 42/48 | €631,765 | €6,699 | -€625,066 | -98.9% |
| Trade debts | 44 | - | €6,699 | +€6,699 | |
| Suppliers | 440/4 | - | €6,699 | +€6,699 | |
| Other amounts payable | 47/48 | €631,765 | - | -€631,765 | |
| Operating charges | 60/66A | €58,981 | €74,359 | +€15,378 | +26.1% |
| Services and other goods | 61 | €58,981 | €74,310 | +€15,329 | +26.0% |
| Other operating charges | 640/8 | - | €49 | +€49 | |
| Operating profit (loss) | 9901 | -€58,981 | -€74,359 | -€15,378 | -26.1% |
| Financial income | 75/76B | €229,238 | €8,056,048 | +€7.8m | +3,414% |
| Recurring financial income | 75 | €229,238 | €168,632 | -€60,605 | -26.4% |
| Income from financial fixed assets | 750 | €229,238 | €167,773 | -€61,465 | -26.8% |
| Income from current assets | 751 | - | €859 | +€859 | |
| Non-recurring financial income | 76B | - | €7,887,415 | +€7.9m | |
| Financial charges | 65/66B | €252,121 | €14,106,305 | +€13.9m | +5,495% |
| Recurring financial charges | 65 | €252,121 | €280,149 | +€28,028 | +11.1% |
| Debt charges | 650 | €252,076 | €279,992 | +€27,916 | +11.1% |
| Other financial charges | 652/9 | €45 | €157 | +€113 | +253% |
| Non-recurring financial charges | 66B | - | €13,826,155 | +€13.8m | |
| Profit (loss) for the period before taxes | 9903 | -€81,864 | -€6,124,616 | -€6.0m | -7,381% |
| Profit (loss) for the period | 9904 | -€81,864 | -€6,124,616 | -€6.0m | -7,381% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,864 | -€6,124,616 | -€6.0m | -7,381% |
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 26 October 2026 via checked.be.