TC4A: what changed
Two fiscal 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.
TC4A
Largest movements
- Cash -€11,175
down €11,175 (-57.2%), from €19,549 to €8,374
mainly Net result for the year (-€26,016) and Trade debts (-€3,048)
- Profit (loss) carried forward -€26,016
down €26,016 (-0.9%), from -€2.9m to -€2.9m
- Other debts +€17,107
up €17,107 (+2.6%), from €650,218 to €667,325
- Gross operating margin -€20,263
down €20,263 (-106.4%), from -€19,051 to -€39,315
- Financial income +€17,195
new in 2025: €17,195
of which Financial income: +€17,195
- Depreciation -€454
down €454 (-14.4%), from €3,156 to €2,702
- Financial charges +€424
up €424 (+114.8%), from €370 to €794
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.
Cash bridge derived
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 | €387,031 | €374,954 | -€12,077 | -3.1% |
| Formation expenses | 20 | €1,192 | €869 | -€323 | -27.1% |
| Fixed assets | 21/28 | €264,777 | €262,398 | -€2,380 | -0.9% |
| Intangible fixed assets | 21 | €55 | - | -€55 | |
| Tangible fixed assets | 22/27 | €8,735 | €6,410 | -€2,325 | -26.6% |
| Plant, machinery and equipment | 23 | €7,579 | €5,520 | -€2,059 | -27.2% |
| Furniture and vehicles | 24 | €1,156 | €890 | -€266 | -23.0% |
| Financial fixed assets | 28 | €255,988 | €255,988 | = | 0.0% |
| Current assets | 29/58 | €121,061 | €111,687 | -€9,374 | -7.7% |
| Amounts receivable within one year | 40/41 | €100,778 | €103,313 | +€2,535 | +2.5% |
| Trade receivables | 40 | €11,389 | €13,086 | +€1,697 | +14.9% |
| Other amounts receivable | 41 | €89,389 | €90,227 | +€839 | +0.9% |
| Cash at bank and in hand | 54/58 | €19,549 | €8,374 | -€11,175 | -57.2% |
| Deferred charges and accrued income | 490/1 | €735 | - | -€735 | |
| Total equity and liabilities | 10/49 | €387,031 | €374,954 | -€12,077 | -3.1% |
| Equity | 10/15 | -€356,921 | -€382,938 | -€26,016 | -7.3% |
| Contributions | 10/11 | €2,530,687 | €2,530,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,887,608 | -€2,913,625 | -€26,016 | -0.9% |
| Amounts payable | 17/49 | €743,952 | €757,892 | +€13,940 | +1.9% |
| Amounts payable within one year | 42/48 | €743,952 | €757,892 | +€13,940 | +1.9% |
| Trade debts | 44 | €93,576 | €90,529 | -€3,048 | -3.3% |
| Suppliers | 440/4 | €93,576 | €90,529 | -€3,048 | -3.3% |
| Taxes, remuneration and social security | 45 | €158 | €39 | -€119 | -75.5% |
| Taxes | 450/3 | €158 | €39 | -€119 | -75.5% |
| Other amounts payable | 47/48 | €650,218 | €667,325 | +€17,107 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,156 | €2,702 | -€454 | -14.4% |
| Other operating charges | 640/8 | €388 | €400 | +€12 | +3.1% |
| Gross operating margin | 9900 | -€19,051 | -€39,315 | -€20,263 | -106.4% |
| Operating profit (loss) | 9901 | -€22,596 | -€42,417 | -€19,821 | -87.7% |
| Financial income | 75/76B | - | €17,195 | +€17,195 | |
| Recurring financial income | 75 | - | €17,195 | +€17,195 | |
| Non-recurring financial income | 76B | - | €17,195 | +€17,195 | |
| Financial charges | 65/66B | €370 | €794 | +€424 | +114.8% |
| Recurring financial charges | 65 | €370 | €794 | +€424 | +114.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,966 | -€26,016 | -€3,051 | -13.3% |
| Income taxes | 67/77 | €39 | - | -€39 | |
| Profit (loss) for the period | 9904 | -€23,004 | -€26,016 | -€3,012 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,004 | -€26,016 | -€3,012 | -13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.