TC UPGRADE: 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 UPGRADE
Largest movements
- Cash +€161,812
up €161,812 (+152%), from €106,245 to €268,057
mainly Net result for the year (+€785,174) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Financial fixed assets -€13,355
down €13,355 (-1.5%), from €885,902 to €872,548
- Other debts +€85,000
up €85,000 (+42.5%), from €200,000 to €285,000
- Trade debts -€51,409
down €51,409 (-82.5%), from €62,345 to €10,936
- Financial income +€588,681
up €588,681 (+306%), from €192,252 to €780,933
- Gross operating margin +€3,287
up €3,287 (+144%), from €2,275 to €5,562
- Other operating charges -€76
down €76 (-5.6%), from €1,356 to €1,280
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 | €1,194,190 | €1,227,955 | +€33,765 | +2.8% |
| Fixed assets | 21/28 | €885,902 | €872,548 | -€13,355 | -1.5% |
| Financial fixed assets | 28 | €885,902 | €872,548 | -€13,355 | -1.5% |
| Current assets | 29/58 | €308,288 | €355,407 | +€47,120 | +15.3% |
| Amounts receivable within one year | 40/41 | €93,339 | €84,159 | -€9,181 | -9.8% |
| Trade receivables | 40 | €70,531 | €55,266 | -€15,264 | -21.6% |
| Other amounts receivable | 41 | €22,809 | €28,892 | +€6,084 | +26.7% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €106,245 | €268,057 | +€161,812 | +152% |
| Deferred charges and accrued income | 490/1 | €8,704 | €3,192 | -€5,512 | -63.3% |
| Total equity and liabilities | 10/49 | €1,194,190 | €1,227,955 | +€33,765 | +2.8% |
| Equity | 10/15 | €931,845 | €932,019 | +€174 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €866,200 | €866,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €860,000 | €860,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,645 | €3,819 | +€174 | +4.8% |
| Amounts payable | 17/49 | €262,345 | €295,936 | +€33,591 | +12.8% |
| Amounts payable within one year | 42/48 | €262,345 | €295,936 | +€33,591 | +12.8% |
| Trade debts | 44 | €62,345 | €10,936 | -€51,409 | -82.5% |
| Suppliers | 440/4 | €62,345 | €10,936 | -€51,409 | -82.5% |
| Other amounts payable | 47/48 | €200,000 | €285,000 | +€85,000 | +42.5% |
| Other operating charges | 640/8 | €1,356 | €1,280 | -€76 | -5.6% |
| Gross operating margin | 9900 | €2,275 | €5,562 | +€3,287 | +144% |
| Operating profit (loss) | 9901 | €919 | €4,282 | +€3,363 | +366% |
| Financial income | 75/76B | €192,252 | €780,933 | +€588,681 | +306% |
| Recurring financial income | 75 | €192,252 | €780,933 | +€588,681 | +306% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €193,127 | €785,174 | +€592,047 | +307% |
| Profit (loss) for the period | 9904 | €193,127 | €785,174 | +€592,047 | +307% |
| Profit (loss) for the period to be appropriated | 9905 | €193,127 | €785,174 | +€592,047 | +307% |
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.