TCA: 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.
TCA
Largest movements
- Cash +€93,188
up €93,188 (+80.0%), from €116,481 to €209,669
mainly Net result for the year (+€70,084) and Stocks and contracts (+€20,525)
- Stocks and contracts -€20,525
down €20,525 (-71.2%), from €28,831 to €8,306
- Receivables within one year -€13,389
down €13,389 (-18.8%), from €71,334 to €57,945
of which Trade receivables: -€13,389
- Tangible fixed assets -€8,464
down €8,464 (-19.4%), from €43,589 to €35,125
of which Leasing and similar rights: -€8,640
- Reserves +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Profit (loss) carried forward +€20,084
up €20,084 (+452%), from €4,443 to €24,527
- Trade debts -€16,421
down €16,421 (-42.8%), from €38,370 to €21,948
- Debts after one year -€7,521
down €7,521 (-31.6%), from €23,785 to €16,264
- Tax, wage and social debts +€6,785
up €6,785 (+33.4%), from €20,307 to €27,092
of which Taxes: +€4,743
- Gross operating margin +€43,888
up €43,888 (+38.3%), from €114,526 to €158,414
- Staff costs +€35,845
up €35,845 (+320%), from €11,188 to €47,033
- Financial charges +€4,139
up €4,139 (+1,280%), from €323 to €4,462
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 | €261,037 | €311,647 | +€50,611 | +19.4% |
| Fixed assets | 21/28 | €44,390 | €35,726 | -€8,664 | -19.5% |
| Intangible fixed assets | 21 | €600 | €400 | -€200 | -33.3% |
| Tangible fixed assets | 22/27 | €43,589 | €35,125 | -€8,464 | -19.4% |
| Plant, machinery and equipment | 23 | €2,045 | €1,450 | -€595 | -29.1% |
| Furniture and vehicles | 24 | €9,185 | €9,957 | +€771 | +8.4% |
| Leasing and similar rights | 25 | €32,359 | €23,719 | -€8,640 | -26.7% |
| Financial fixed assets | 28 | €201 | €201 | = | 0.0% |
| Current assets | 29/58 | €216,646 | €275,921 | +€59,274 | +27.4% |
| Stocks and contracts in progress | 3 | €28,831 | €8,306 | -€20,525 | -71.2% |
| Stocks | 30/36 | €28,831 | €8,306 | -€20,525 | -71.2% |
| Amounts receivable within one year | 40/41 | €71,334 | €57,945 | -€13,389 | -18.8% |
| Trade receivables | 40 | €71,183 | €57,794 | -€13,389 | -18.8% |
| Other amounts receivable | 41 | €151 | €151 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €116,481 | €209,669 | +€93,188 | +80.0% |
| Total equity and liabilities | 10/49 | €261,037 | €311,647 | +€50,611 | +19.4% |
| Equity | 10/15 | €109,443 | €179,527 | +€70,084 | +64.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Distributable reserves | 133 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Profit (loss) carried forward | 14 | €4,443 | €24,527 | +€20,084 | +452% |
| Amounts payable | 17/49 | €151,594 | €132,120 | -€19,473 | -12.8% |
| Amounts payable after more than one year | 17 | €23,785 | €16,264 | -€7,521 | -31.6% |
| Financial debts | 170/4 | €23,785 | €16,264 | -€7,521 | -31.6% |
| Amounts payable within one year | 42/48 | €127,808 | €115,856 | -€11,953 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €7,521 | €7,521 | = | 0.0% |
| Trade debts | 44 | €38,370 | €21,948 | -€16,421 | -42.8% |
| Suppliers | 440/4 | €38,370 | €21,948 | -€16,421 | -42.8% |
| Advances received on contracts in progress | 46 | €212 | €212 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,307 | €27,092 | +€6,785 | +33.4% |
| Taxes | 450/3 | €20,024 | €24,767 | +€4,743 | +23.7% |
| Remuneration and social security | 454/9 | €283 | €2,326 | +€2,042 | +721% |
| Other amounts payable | 47/48 | €61,399 | €59,083 | -€2,316 | -3.8% |
| Remuneration, social security and pensions | 62 | €11,188 | €47,033 | +€35,845 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,483 | €10,537 | +€53 | +0.5% |
| Other operating charges | 640/8 | €2,233 | €895 | -€1,338 | -59.9% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €114,526 | €158,414 | +€43,888 | +38.3% |
| Operating profit (loss) | 9901 | €89,122 | €99,950 | +€10,828 | +12.1% |
| Financial charges | 65/66B | €323 | €4,462 | +€4,139 | +1,280% |
| Recurring financial charges | 65 | €323 | €4,462 | +€4,139 | +1,280% |
| Profit (loss) for the period before taxes | 9903 | €88,799 | €95,487 | +€6,689 | +7.5% |
| Income taxes | 67/77 | €25,687 | €25,403 | -€284 | -1.1% |
| Profit (loss) for the period | 9904 | €63,112 | €70,084 | +€6,972 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,112 | €70,084 | +€6,972 | +11.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.