TCAMMAERT: 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.
TCAMMAERT
Largest movements
- Receivables after one year +€100,000
up €100,000 (+200%), from €50,000 to €150,000
- Deferred charges and accrued income +€89,261
up €89,261 (+1,415%), from €6,307 to €95,567
- Cash -€25,049
down €25,049 (-16.1%), from €155,135 to €130,086
mainly Contributions, distributions and other (-€162,000) and Receivables after one year (-€100,000)
- Current investments -€23,198
down €23,198 (-14.7%), from €157,533 to €134,335
- Receivables within one year +€6,108
up €6,108 (+60.4%), from €10,115 to €16,222
- Other debts +€137,700
new in 2025: €137,700
- Tax, wage and social debts +€6,203
up €6,203 (+28.4%), from €21,847 to €28,050
- Gross operating margin -€99,739
down €99,739 (-31.2%), from €319,433 to €219,694
- Taxes -€20,602
down €20,602 (-25.6%), from €80,417 to €59,815
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 | €386,556 | €532,364 | +€145,809 | +37.7% |
| Fixed assets | 21/28 | €7,466 | €6,153 | -€1,313 | -17.6% |
| Tangible fixed assets | 22/27 | €3,011 | €1,698 | -€1,313 | -43.6% |
| Furniture and vehicles | 24 | €3,011 | €1,698 | -€1,313 | -43.6% |
| Financial fixed assets | 28 | €4,455 | €4,455 | = | 0.0% |
| Current assets | 29/58 | €379,089 | €526,211 | +€147,121 | +38.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €150,000 | +€100,000 | +200% |
| Other amounts receivable | 291 | €50,000 | €150,000 | +€100,000 | +200% |
| Amounts receivable within one year | 40/41 | €10,115 | €16,222 | +€6,108 | +60.4% |
| Other amounts receivable | 41 | €10,115 | €16,222 | +€6,108 | +60.4% |
| Current investments | 50/53 | €157,533 | €134,335 | -€23,198 | -14.7% |
| Cash at bank and in hand | 54/58 | €155,135 | €130,086 | -€25,049 | -16.1% |
| Deferred charges and accrued income | 490/1 | €6,307 | €95,567 | +€89,261 | +1,415% |
| Total equity and liabilities | 10/49 | €386,556 | €532,364 | +€145,809 | +37.7% |
| Equity | 10/15 | €362,569 | €364,382 | +€1,813 | +0.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €359,569 | €361,382 | +€1,813 | +0.5% |
| Distributable reserves | 133 | €359,569 | €361,382 | +€1,813 | +0.5% |
| Amounts payable | 17/49 | €23,987 | €167,982 | +€143,995 | +600% |
| Amounts payable within one year | 42/48 | €23,987 | €167,982 | +€143,995 | +600% |
| Trade debts | 44 | €2,140 | €2,232 | +€92 | +4.3% |
| Suppliers | 440/4 | €2,140 | €2,232 | +€92 | +4.3% |
| Taxes, remuneration and social security | 45 | €21,847 | €28,050 | +€6,203 | +28.4% |
| Taxes | 450/3 | €21,847 | €28,050 | +€6,203 | +28.4% |
| Other amounts payable | 47/48 | - | €137,700 | +€137,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €1,313 | +€146 | +12.5% |
| Other operating charges | 640/8 | €1,971 | €1,363 | -€609 | -30.9% |
| Gross operating margin | 9900 | €319,433 | €219,694 | -€99,739 | -31.2% |
| Operating profit (loss) | 9901 | €316,295 | €217,018 | -€99,277 | -31.4% |
| Financial income | 75/76B | €4,004 | €6,665 | +€2,660 | +66.4% |
| Recurring financial income | 75 | €4,004 | €6,665 | +€2,660 | +66.4% |
| Financial charges | 65/66B | €46 | €55 | +€9 | +19.8% |
| Recurring financial charges | 65 | €46 | €55 | +€9 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €320,253 | €223,628 | -€96,625 | -30.2% |
| Income taxes | 67/77 | €80,417 | €59,815 | -€20,602 | -25.6% |
| Profit (loss) for the period | 9904 | €239,836 | €163,813 | -€76,023 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €239,836 | €163,813 | -€76,023 | -31.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.