TC SAFETY: 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 SAFETY
Largest movements
- Tangible fixed assets +€43,505
up €43,505 (+7,303%), from €596 to €44,101
- Cash +€13,368
up €13,368 (+15.9%), from €83,855 to €97,223
mainly Net result for the year (+€54,572) and Depreciation (+€10,374)
- Receivables within one year -€9,603
down €9,603 (-52.8%), from €18,198 to €8,596
- Reserves +€54,572
up €54,572 (+78.2%), from €69,771 to €124,343
- Tax, wage and social debts -€7,253
down €7,253 (-21.8%), from €33,337 to €26,084
- Gross operating margin -€12,186
down €12,186 (-12.4%), from €97,996 to €85,811
- Depreciation +€10,227
up €10,227 (+6,946%), from €147 to €10,374
- Taxes -€7,378
down €7,378 (-26.4%), from €27,940 to €20,562
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 | €103,108 | €150,564 | +€47,456 | +46.0% |
| Fixed assets | 21/28 | €596 | €44,101 | +€43,505 | +7,303% |
| Tangible fixed assets | 22/27 | €596 | €44,101 | +€43,505 | +7,303% |
| Furniture and vehicles | 24 | €596 | €44,101 | +€43,505 | +7,303% |
| Current assets | 29/58 | €102,512 | €106,463 | +€3,951 | +3.9% |
| Amounts receivable within one year | 40/41 | €18,198 | €8,596 | -€9,603 | -52.8% |
| Trade receivables | 40 | €18,198 | €8,596 | -€9,603 | -52.8% |
| Cash at bank and in hand | 54/58 | €83,855 | €97,223 | +€13,368 | +15.9% |
| Deferred charges and accrued income | 490/1 | €458 | €644 | +€186 | +40.5% |
| Total equity and liabilities | 10/49 | €103,108 | €150,564 | +€47,456 | +46.0% |
| Equity | 10/15 | €69,771 | €124,343 | +€54,572 | +78.2% |
| Reserves | 13 | €69,771 | €124,343 | +€54,572 | +78.2% |
| Distributable reserves | 133 | €69,771 | €124,343 | +€54,572 | +78.2% |
| Amounts payable | 17/49 | €33,337 | €26,220 | -€7,117 | -21.3% |
| Amounts payable within one year | 42/48 | €33,337 | €26,220 | -€7,117 | -21.3% |
| Trade debts | 44 | - | €136 | +€136 | |
| Suppliers | 440/4 | - | €136 | +€136 | |
| Taxes, remuneration and social security | 45 | €33,337 | €26,084 | -€7,253 | -21.8% |
| Taxes | 450/3 | €33,337 | €26,084 | -€7,253 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147 | €10,374 | +€10,227 | +6,946% |
| Other operating charges | 640/8 | €62 | €232 | +€170 | +274% |
| Gross operating margin | 9900 | €97,996 | €85,811 | -€12,186 | -12.4% |
| Operating profit (loss) | 9901 | €97,787 | €75,205 | -€22,582 | -23.1% |
| Financial charges | 65/66B | €76 | €70 | -€6 | -7.4% |
| Recurring financial charges | 65 | €76 | €70 | -€6 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €97,711 | €75,134 | -€22,577 | -23.1% |
| Income taxes | 67/77 | €27,940 | €20,562 | -€7,378 | -26.4% |
| Profit (loss) for the period | 9904 | €69,771 | €54,572 | -€15,199 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,771 | €54,572 | -€15,199 | -21.8% |
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 23 October 2026 via checked.be.