TC-Verwarming: 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-Verwarming
Largest movements
- Tangible fixed assets -€12,027
down €12,027 (-21.1%), from €56,905 to €44,878
of which Furniture and vehicles: -€11,191
- Stocks and contracts -€3,980
down €3,980 (-31.8%), from €12,500 to €8,520
- Cash +€3,199
up €3,199 (+18.3%), from €17,497 to €20,696
mainly Depreciation (+€16,403) and Stocks and contracts (+€3,980)
- Receivables within one year +€1,404
up €1,404 (+12.5%), from €11,276 to €12,680
of which Other amounts receivable: +€1,393
- Debts after one year -€11,298
down €11,298 (-47.5%), from €23,798 to €12,499
- Other debts +€2,048
up €2,048 (+61.0%), from €3,359 to €5,408
- Tax, wage and social debts -€1,615
down €1,615 (-41.3%), from €3,915 to €2,300
of which Taxes: -€3,915
- Trade debts -€1,065
down €1,065 (-21.0%), from €5,081 to €4,016
- Gross operating margin +€3,864
up €3,864 (+23.6%), from €16,404 to €20,268
- Depreciation +€1,317
up €1,317 (+8.7%), from €15,086 to €16,403
- Taxes +€972
up €972 (+1,282%), from €76 to €1,048
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 | €99,686 | €88,015 | -€11,671 | -11.7% |
| Fixed assets | 21/28 | €58,239 | €45,544 | -€12,694 | -21.8% |
| Intangible fixed assets | 21 | €1,333 | €666 | -€667 | -50.0% |
| Tangible fixed assets | 22/27 | €56,905 | €44,878 | -€12,027 | -21.1% |
| Plant, machinery and equipment | 23 | €2,642 | €1,409 | -€1,233 | -46.7% |
| Furniture and vehicles | 24 | €36,155 | €24,964 | -€11,191 | -31.0% |
| Leasing and similar rights | 25 | €5,209 | €3,531 | -€1,677 | -32.2% |
| Other tangible fixed assets | 26 | €12,900 | €14,974 | +€2,075 | +16.1% |
| Current assets | 29/58 | €41,448 | €42,470 | +€1,023 | +2.5% |
| Stocks and contracts in progress | 3 | €12,500 | €8,520 | -€3,980 | -31.8% |
| Stocks | 30/36 | €12,500 | €8,520 | -€3,980 | -31.8% |
| Amounts receivable within one year | 40/41 | €11,276 | €12,680 | +€1,404 | +12.5% |
| Trade receivables | 40 | €5,073 | €5,084 | +€11 | +0.2% |
| Other amounts receivable | 41 | €6,203 | €7,596 | +€1,393 | +22.5% |
| Cash at bank and in hand | 54/58 | €17,497 | €20,696 | +€3,199 | +18.3% |
| Deferred charges and accrued income | 490/1 | €175 | €575 | +€400 | +229% |
| Total equity and liabilities | 10/49 | €99,686 | €88,015 | -€11,671 | -11.7% |
| Equity | 10/15 | €52,697 | €52,493 | -€204 | -0.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,230 | €49,230 | = | 0.0% |
| Distributable reserves | 133 | €49,230 | €49,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,533 | -€1,737 | -€204 | -13.3% |
| Amounts payable | 17/49 | €46,989 | €35,521 | -€11,468 | -24.4% |
| Amounts payable after more than one year | 17 | €23,798 | €12,499 | -€11,298 | -47.5% |
| Financial debts | 170/4 | €23,798 | €12,499 | -€11,298 | -47.5% |
| Amounts payable within one year | 42/48 | €23,191 | €23,022 | -€169 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €10,837 | €11,298 | +€462 | +4.3% |
| Trade debts | 44 | €5,081 | €4,016 | -€1,065 | -21.0% |
| Suppliers | 440/4 | €5,081 | €4,016 | -€1,065 | -21.0% |
| Taxes, remuneration and social security | 45 | €3,915 | €2,300 | -€1,615 | -41.3% |
| Taxes | 450/3 | €3,915 | €0 | -€3,915 | -100% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €3,359 | €5,408 | +€2,048 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,086 | €16,403 | +€1,317 | +8.7% |
| Other operating charges | 640/8 | €1,396 | €1,398 | +€2 | +0.1% |
| Gross operating margin | 9900 | €16,404 | €20,268 | +€3,864 | +23.6% |
| Operating profit (loss) | 9901 | -€79 | €2,466 | +€2,545 | |
| Financial income | 75/76B | €271 | €203 | -€69 | -25.3% |
| Recurring financial income | 75 | €271 | €203 | -€69 | -25.3% |
| Financial charges | 65/66B | €1,669 | €1,825 | +€156 | +9.3% |
| Recurring financial charges | 65 | €1,669 | €1,825 | +€156 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,477 | €844 | +€2,321 | |
| Income taxes | 67/77 | €76 | €1,048 | +€972 | +1,282% |
| Profit (loss) for the period | 9904 | -€1,552 | -€204 | +€1,349 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,552 | -€204 | +€1,349 | +86.9% |
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 13 October 2026 via checked.be.