TC STYLE & CO: 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 STYLE & CO
Largest movements
- Tangible fixed assets -€21,971
down €21,971 (-6.9%), from €319,367 to €297,397
of which Land and buildings: -€17,527
- Cash -€12,229
down €12,229 (-3.5%), from €352,033 to €339,804
mainly Debts after one year (-€25,263) and Tax, wage and social debts (-€13,142)
- Debts after one year -€25,263
down €25,263 (-8.6%), from €292,864 to €267,601
- Tax, wage and social debts -€13,142
down €13,142 (-36.3%), from €36,245 to €23,103
of which Taxes: -€11,788
- Reserves +€12,712
up €12,712 (+4.8%), from €264,993 to €277,705
of which Distributable reserves: +€12,712
- Trade debts -€8,354
down €8,354 (-30.2%), from €27,701 to €19,347
- Gross operating margin -€70,649
down €70,649 (-59.3%), from €119,138 to €48,489
- Taxes -€19,690
down €19,690 (-77.4%), from €25,442 to €5,752
- Write-downs -€15,545
down €15,545, from €11,369 to -€4,176
- Financial income +€2,595
up €2,595 (+95.9%), from €2,707 to €5,302
- Financial charges +€1,833
up €1,833 (+21.5%), from €8,522 to €10,355
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 | €741,366 | €706,678 | -€34,688 | -4.7% |
| Fixed assets | 21/28 | €319,367 | €297,397 | -€21,971 | -6.9% |
| Tangible fixed assets | 22/27 | €319,367 | €297,397 | -€21,971 | -6.9% |
| Land and buildings | 22 | €303,350 | €285,824 | -€17,527 | -5.8% |
| Plant, machinery and equipment | 23 | €14,497 | €11,080 | -€3,417 | -23.6% |
| Furniture and vehicles | 24 | €1,520 | €494 | -€1,027 | -67.5% |
| Current assets | 29/58 | €421,999 | €409,281 | -€12,718 | -3.0% |
| Stocks and contracts in progress | 3 | €28,961 | €33,512 | +€4,551 | +15.7% |
| Stocks | 30/36 | €28,961 | €33,512 | +€4,551 | +15.7% |
| Amounts receivable within one year | 40/41 | €33,667 | €28,885 | -€4,782 | -14.2% |
| Trade receivables | 40 | €32,435 | €24,103 | -€8,332 | -25.7% |
| Other amounts receivable | 41 | €1,232 | €4,782 | +€3,550 | +288% |
| Cash at bank and in hand | 54/58 | €352,033 | €339,804 | -€12,229 | -3.5% |
| Deferred charges and accrued income | 490/1 | €7,338 | €7,080 | -€258 | -3.5% |
| Total equity and liabilities | 10/49 | €741,366 | €706,678 | -€34,688 | -4.7% |
| Equity | 10/15 | €304,993 | €317,705 | +€12,712 | +4.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €264,993 | €277,705 | +€12,712 | +4.8% |
| Tax-exempt reserves | 132 | €14,840 | €14,840 | = | 0.0% |
| Distributable reserves | 133 | €250,153 | €262,865 | +€12,712 | +5.1% |
| Provisions and deferred taxes | 16 | €16,817 | €16,817 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,817 | €16,817 | = | 0.0% |
| Major repairs and maintenance | 162 | €16,817 | €16,817 | = | 0.0% |
| Amounts payable | 17/49 | €419,556 | €372,155 | -€47,400 | -11.3% |
| Amounts payable after more than one year | 17 | €292,864 | €267,601 | -€25,263 | -8.6% |
| Financial debts | 170/4 | €292,864 | €267,601 | -€25,263 | -8.6% |
| Amounts payable within one year | 42/48 | €126,576 | €104,555 | -€22,021 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €27,123 | €25,305 | -€1,818 | -6.7% |
| Trade debts | 44 | €27,701 | €19,347 | -€8,354 | -30.2% |
| Suppliers | 440/4 | €27,701 | €19,347 | -€8,354 | -30.2% |
| Taxes, remuneration and social security | 45 | €36,245 | €23,103 | -€13,142 | -36.3% |
| Taxes | 450/3 | €28,496 | €16,708 | -€11,788 | -41.4% |
| Remuneration and social security | 454/9 | €7,749 | €6,395 | -€1,354 | -17.5% |
| Other amounts payable | 47/48 | €35,507 | €36,800 | +€1,293 | +3.6% |
| Accrued charges and deferred income | 492/3 | €116 | - | -€116 | |
| Remuneration, social security and pensions | 62 | €2,837 | €3,487 | +€650 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,464 | €21,971 | -€1,493 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,369 | -€4,176 | -€15,545 | |
| Other operating charges | 640/8 | €3,723 | €3,475 | -€248 | -6.7% |
| Non-recurring operating charges | 66A | - | €216 | +€216 | |
| Gross operating margin | 9900 | €119,138 | €48,489 | -€70,649 | -59.3% |
| Operating profit (loss) | 9901 | €77,746 | €23,517 | -€54,228 | -69.8% |
| Financial income | 75/76B | €2,707 | €5,302 | +€2,595 | +95.9% |
| Recurring financial income | 75 | €2,707 | €5,302 | +€2,595 | +95.9% |
| Financial charges | 65/66B | €8,522 | €10,355 | +€1,833 | +21.5% |
| Recurring financial charges | 65 | €8,522 | €10,355 | +€1,833 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €71,930 | €18,464 | -€53,466 | -74.3% |
| Income taxes | 67/77 | €25,442 | €5,752 | -€19,690 | -77.4% |
| Profit (loss) for the period | 9904 | €46,488 | €12,712 | -€33,776 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,488 | €12,712 | -€33,776 | -72.7% |
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 25 October 2026 via checked.be.