TCA Construct: 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.
TCA Construct
Largest movements
- Receivables within one year +€154,757
up €154,757 (+48.4%), from €319,753 to €474,510
of which Trade receivables: +€128,715
- Cash +€8,737
up €8,737 (+141.4%), from €6,180 to €14,917
mainly Net result for the year (+€99,205) and Trade debts (+€54,335)
- Profit (loss) carried forward +€99,205
up €99,205 (+45.6%), from €217,655 to €316,860
- Trade debts +€54,335
up €54,335 (+85.2%), from €63,739 to €118,074
- Tax, wage and social debts +€20,054
up €20,054 (+82.3%), from €24,369 to €44,423
of which Taxes: +€26,054
- Debts after one year -€8,646
down €8,646 (-75.8%), from €11,402 to €2,756
- Other debts +€6,245
up €6,245 (+369.9%), from €1,688 to €7,933
- Gross operating margin +€65,268
up €65,268 (+65.6%), from €99,499 to €164,767
- Taxes +€14,899
up €14,899 (+67.8%), from €21,962 to €36,861
- Financial charges -€6,025
down €6,025 (-61.4%), from €9,806 to €3,781
- Depreciation +€2,879
up €2,879 (+16.4%), from €17,515 to €20,394
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 | €364,128 | €530,769 | +€166,641 | +45.8% |
| Fixed assets | 21/28 | €32,861 | €36,083 | +€3,222 | +9.8% |
| Tangible fixed assets | 22/27 | €32,682 | €35,904 | +€3,222 | +9.9% |
| Plant, machinery and equipment | 23 | €2,656 | €15,164 | +€12,508 | +471.0% |
| Furniture and vehicles | 24 | €30,026 | €20,740 | -€9,286 | -30.9% |
| Financial fixed assets | 28 | €179 | €179 | +€0 | +0.3% |
| Current assets | 29/58 | €331,268 | €494,686 | +€163,418 | +49.3% |
| Amounts receivable within one year | 40/41 | €319,753 | €474,510 | +€154,757 | +48.4% |
| Trade receivables | 40 | €307,193 | €435,908 | +€128,715 | +41.9% |
| Other amounts receivable | 41 | €12,561 | €38,602 | +€26,041 | +207.3% |
| Cash at bank and in hand | 54/58 | €6,180 | €14,917 | +€8,737 | +141.4% |
| Deferred charges and accrued income | 490/1 | €5,334 | €5,259 | -€75 | -1.4% |
| Total equity and liabilities | 10/49 | €364,128 | €530,769 | +€166,641 | +45.8% |
| Equity | 10/15 | €238,115 | €337,320 | +€99,205 | +41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,655 | €316,860 | +€99,205 | +45.6% |
| Amounts payable | 17/49 | €126,013 | €193,449 | +€67,436 | +53.5% |
| Amounts payable after more than one year | 17 | €11,402 | €2,756 | -€8,646 | -75.8% |
| Financial debts | 170/4 | €11,402 | €2,756 | -€8,646 | -75.8% |
| Amounts payable within one year | 42/48 | €114,611 | €190,693 | +€76,082 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €4,815 | €5,263 | +€448 | +9.3% |
| Financial debts | 43 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Credit institutions | 430/8 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Trade debts | 44 | €63,739 | €118,074 | +€54,335 | +85.2% |
| Suppliers | 440/4 | €63,739 | €118,074 | +€54,335 | +85.2% |
| Taxes, remuneration and social security | 45 | €24,369 | €44,423 | +€20,054 | +82.3% |
| Taxes | 450/3 | €16,369 | €42,423 | +€26,054 | +159.2% |
| Remuneration and social security | 454/9 | €8,000 | €2,000 | -€6,000 | -75.0% |
| Other amounts payable | 47/48 | €1,688 | €7,933 | +€6,245 | +369.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,515 | €20,394 | +€2,879 | +16.4% |
| Other operating charges | 640/8 | €5,740 | €4,526 | -€1,214 | -21.1% |
| Gross operating margin | 9900 | €99,499 | €164,767 | +€65,268 | +65.6% |
| Operating profit (loss) | 9901 | €76,244 | €139,847 | +€63,603 | +83.4% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €9,806 | €3,781 | -€6,025 | -61.4% |
| Recurring financial charges | 65 | €9,806 | €3,781 | -€6,025 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €66,440 | €136,066 | +€69,626 | +104.8% |
| Income taxes | 67/77 | €21,962 | €36,861 | +€14,899 | +67.8% |
| Profit (loss) for the period | 9904 | €44,478 | €99,205 | +€54,727 | +123.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,478 | €99,205 | +€54,727 | +123.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.