TC&S: 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&S
Largest movements
- Tangible fixed assets +€460,765
up €460,765 (+841%), from €54,799 to €515,564
of which Land and buildings: +€483,712
- Cash +€132,678
up €132,678 (+237%), from €56,024 to €188,702
mainly Debts after one year (+€401,161) and Receivables within one year (+€100,886)
- Receivables within one year -€100,886
down €100,886 (-86.4%), from €116,728 to €15,842
of which Trade receivables: -€54,739
- Debts after one year +€401,161
up €401,161 (+1,671%), from €24,011 to €425,172
- Tax, wage and social debts +€51,891
up €51,891 (+108%), from €48,257 to €100,149
of which Remuneration and social security: +€45,379
- Reserves +€33,256
up €33,256 (+24.8%), from €134,000 to €167,256
of which Distributable reserves: +€33,256
- Current portion of long-term debt +€24,464
new in 2024: €24,464
- Trade debts -€16,623
down €16,623 (-65.0%), from €25,587 to €8,965
- Gross operating margin +€53,417
up €53,417 (+47.2%), from €113,177 to €166,595
- Financial charges +€41,557
up €41,557 (+999%), from €4,160 to €45,717
of which Non-recurring financial charges: +€26,455
- Depreciation -€38,619
down €38,619 (-60.0%), from €64,405 to €25,786
- Taxes +€2,566
up €2,566 (+40.2%), from €6,380 to €8,946
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 | €232,331 | €726,842 | +€494,511 | +213% |
| Fixed assets | 21/28 | €56,339 | €517,104 | +€460,765 | +818% |
| Tangible fixed assets | 22/27 | €54,799 | €515,564 | +€460,765 | +841% |
| Land and buildings | 22 | - | €483,712 | +€483,712 | |
| Plant, machinery and equipment | 23 | €8,892 | €23,862 | +€14,970 | +168% |
| Furniture and vehicles | 24 | €10,656 | €7,990 | -€2,666 | -25.0% |
| Leasing and similar rights | 25 | €35,251 | - | -€35,251 | |
| Financial fixed assets | 28 | €1,540 | €1,540 | = | 0.0% |
| Current assets | 29/58 | €175,992 | €209,738 | +€33,746 | +19.2% |
| Amounts receivable within one year | 40/41 | €116,728 | €15,842 | -€100,886 | -86.4% |
| Trade receivables | 40 | €70,493 | €15,754 | -€54,739 | -77.7% |
| Other amounts receivable | 41 | €46,236 | €89 | -€46,147 | -99.8% |
| Cash at bank and in hand | 54/58 | €56,024 | €188,702 | +€132,678 | +237% |
| Deferred charges and accrued income | 490/1 | €3,240 | €5,194 | +€1,954 | +60.3% |
| Total equity and liabilities | 10/49 | €232,331 | €726,842 | +€494,511 | +213% |
| Equity | 10/15 | €134,475 | €168,093 | +€33,618 | +25.0% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €134,000 | €167,256 | +€33,256 | +24.8% |
| Non-distributable reserves | 130/1 | €20 | €20 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20 | €20 | = | 0.0% |
| Distributable reserves | 133 | €133,980 | €167,236 | +€33,256 | +24.8% |
| Profit (loss) carried forward | 14 | €275 | €636 | +€361 | +131% |
| Amounts payable | 17/49 | €97,856 | €558,749 | +€460,893 | +471% |
| Amounts payable after more than one year | 17 | €24,011 | €425,172 | +€401,161 | +1,671% |
| Financial debts | 170/4 | €24,011 | €425,172 | +€401,161 | +1,671% |
| Amounts payable within one year | 42/48 | €73,845 | €133,577 | +€59,733 | +80.9% |
| Current portion of amounts payable after more than one year | 42 | - | €24,464 | +€24,464 | |
| Trade debts | 44 | €25,587 | €8,965 | -€16,623 | -65.0% |
| Suppliers | 440/4 | €25,587 | €8,965 | -€16,623 | -65.0% |
| Taxes, remuneration and social security | 45 | €48,257 | €100,149 | +€51,891 | +108% |
| Taxes | 450/3 | €13,550 | €20,063 | +€6,513 | +48.1% |
| Remuneration and social security | 454/9 | €34,707 | €80,086 | +€45,379 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,405 | €25,786 | -€38,619 | -60.0% |
| Other operating charges | 640/8 | €1,239 | €2,677 | +€1,438 | +116% |
| Gross operating margin | 9900 | €113,177 | €166,595 | +€53,417 | +47.2% |
| Operating profit (loss) | 9901 | €47,533 | €138,132 | +€90,598 | +191% |
| Financial income | 75/76B | €25 | €149 | +€124 | +499% |
| Recurring financial income | 75 | €25 | €149 | +€124 | +499% |
| Financial charges | 65/66B | €4,160 | €45,717 | +€41,557 | +999% |
| Recurring financial charges | 65 | €4,160 | €19,261 | +€15,102 | +363% |
| Non-recurring financial charges | 66B | - | €26,455 | +€26,455 | |
| Profit (loss) for the period before taxes | 9903 | €43,399 | €92,564 | +€49,165 | +113% |
| Income taxes | 67/77 | €6,380 | €8,946 | +€2,566 | +40.2% |
| Profit (loss) for the period | 9904 | €37,019 | €83,618 | +€46,599 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €37,019 | €83,618 | +€46,599 | +126% |
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 17 October 2026 via checked.be.