TC SURVEY: 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 SURVEY
Largest movements
- Cash -€10,116
down €10,116 (-10.4%), from €97,259 to €87,143
mainly Tax, wage and social debts (-€30,176) and Investment in fixed assets (net) (-€4,793)
- Tangible fixed assets -€8,997
down €8,997 (-20.7%), from €43,361 to €34,364
of which Furniture and vehicles: -€11,289
- Receivables within one year -€2,036
down €2,036 (-18.0%), from €11,293 to €9,257
of which Trade receivables: -€1,996
- Tax, wage and social debts -€30,176
down €30,176 (-92.4%), from €32,671 to €2,495
- Trade debts +€4,257
up €4,257 (+150%), from €2,832 to €7,089
- Reserves +€3,835
up €3,835 (+3.3%), from €114,611 to €118,446
- Gross operating margin -€15,966
down €15,966 (-36.8%), from €43,360 to €27,394
- Other operating charges +€6,977
up €6,977 (+4,178%), from €167 to €7,144
- Taxes -€5,291
down €5,291 (-72.2%), from €7,324 to €2,033
- Depreciation +€505
up €505 (+3.8%), from €13,285 to €13,790
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 | €152,814 | €130,764 | -€22,050 | -14.4% |
| Fixed assets | 21/28 | €43,361 | €34,364 | -€8,997 | -20.7% |
| Tangible fixed assets | 22/27 | €43,361 | €34,364 | -€8,997 | -20.7% |
| Plant, machinery and equipment | 23 | €1,120 | €3,412 | +€2,292 | +205% |
| Furniture and vehicles | 24 | €42,241 | €30,952 | -€11,289 | -26.7% |
| Current assets | 29/58 | €109,453 | €96,400 | -€13,053 | -11.9% |
| Amounts receivable within one year | 40/41 | €11,293 | €9,257 | -€2,036 | -18.0% |
| Trade receivables | 40 | €10,398 | €8,402 | -€1,996 | -19.2% |
| Other amounts receivable | 41 | €895 | €855 | -€40 | -4.5% |
| Cash at bank and in hand | 54/58 | €97,259 | €87,143 | -€10,116 | -10.4% |
| Deferred charges and accrued income | 490/1 | €901 | - | -€901 | |
| Total equity and liabilities | 10/49 | €152,814 | €130,764 | -€22,050 | -14.4% |
| Equity | 10/15 | €117,111 | €120,946 | +€3,835 | +3.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €114,611 | €118,446 | +€3,835 | +3.3% |
| Distributable reserves | 133 | €114,611 | €118,446 | +€3,835 | +3.3% |
| Amounts payable | 17/49 | €35,703 | €9,818 | -€25,885 | -72.5% |
| Amounts payable within one year | 42/48 | €35,703 | €9,818 | -€25,885 | -72.5% |
| Trade debts | 44 | €2,832 | €7,089 | +€4,257 | +150% |
| Suppliers | 440/4 | €2,832 | €7,089 | +€4,257 | +150% |
| Taxes, remuneration and social security | 45 | €32,671 | €2,495 | -€30,176 | -92.4% |
| Taxes | 450/3 | €32,671 | €2,495 | -€30,176 | -92.4% |
| Other amounts payable | 47/48 | €200 | €234 | +€34 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,285 | €13,790 | +€505 | +3.8% |
| Other operating charges | 640/8 | €167 | €7,144 | +€6,977 | +4,178% |
| Gross operating margin | 9900 | €43,360 | €27,394 | -€15,966 | -36.8% |
| Operating profit (loss) | 9901 | €29,908 | €6,460 | -€23,448 | -78.4% |
| Financial charges | 65/66B | €516 | €592 | +€76 | +14.7% |
| Recurring financial charges | 65 | €516 | €592 | +€76 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €29,392 | €5,868 | -€23,524 | -80.0% |
| Income taxes | 67/77 | €7,324 | €2,033 | -€5,291 | -72.2% |
| Profit (loss) for the period | 9904 | €22,068 | €3,835 | -€18,233 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,068 | €3,835 | -€18,233 | -82.6% |
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 20 October 2026 via checked.be.