TCAT: 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.
TCAT
Largest movements
- Financial fixed assets +€4,500
new in 2025: €4,500
- Deferred charges and accrued income +€2,119
up €2,119 (+507.3%), from €418 to €2,537
- Cash -€1,825
down €1,825 (-28.4%), from €6,432 to €4,606
mainly Investment in fixed assets (net) (-€5,750) and Deferred charges and accrued income (-€2,119)
- Tangible fixed assets +€406
up €406 (+16.0%), from €2,534 to €2,940
- Receivables within one year +€211
up €211 (+67.1%), from €314 to €525
of which Trade receivables: +€274
- Other debts +€4,608
up €4,608 (+153.8%), from €2,996 to €7,604
- Tax, wage and social debts +€1,793
new in 2025: €1,793
of which Remuneration and social security: +€1,634
- Profit (loss) carried forward -€1,759
down €1,759 (-14.8%), from -€11,908 to -€13,667
- Trade debts +€585
up €585 (+23.8%), from €2,463 to €3,049
- Gross operating margin -€12,100
down €12,100 (-88.4%), from €13,692 to €1,592
- Taxes +€1,000
new in 2025: €1,000
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 | €12,151 | €17,379 | +€5,228 | +43.0% |
| Fixed assets | 21/28 | €2,534 | €7,440 | +€4,906 | +193.6% |
| Tangible fixed assets | 22/27 | €2,534 | €2,940 | +€406 | +16.0% |
| Plant, machinery and equipment | 23 | €2,534 | €2,940 | +€406 | +16.0% |
| Financial fixed assets | 28 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €9,617 | €9,939 | +€322 | +3.3% |
| Stocks and contracts in progress | 3 | €2,454 | €2,271 | -€183 | -7.4% |
| Stocks | 30/36 | €2,454 | €2,271 | -€183 | -7.4% |
| Amounts receivable within one year | 40/41 | €314 | €525 | +€211 | +67.1% |
| Trade receivables | 40 | €226 | €500 | +€274 | +121.4% |
| Other amounts receivable | 41 | €88 | €25 | -€64 | -71.9% |
| Cash at bank and in hand | 54/58 | €6,432 | €4,606 | -€1,825 | -28.4% |
| Deferred charges and accrued income | 490/1 | €418 | €2,537 | +€2,119 | +507.3% |
| Total equity and liabilities | 10/49 | €12,151 | €17,379 | +€5,228 | +43.0% |
| Equity | 10/15 | €6,692 | €4,933 | -€1,759 | -26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,908 | -€13,667 | -€1,759 | -14.8% |
| Amounts payable | 17/49 | €5,459 | €12,446 | +€6,987 | +128.0% |
| Amounts payable within one year | 42/48 | €5,459 | €12,446 | +€6,987 | +128.0% |
| Trade debts | 44 | €2,463 | €3,049 | +€585 | +23.8% |
| Suppliers | 440/4 | €2,463 | €3,049 | +€585 | +23.8% |
| Taxes, remuneration and social security | 45 | - | €1,793 | +€1,793 | |
| Taxes | 450/3 | - | €159 | +€159 | |
| Remuneration and social security | 454/9 | - | €1,634 | +€1,634 | |
| Other amounts payable | 47/48 | €2,996 | €7,604 | +€4,608 | +153.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842 | €844 | +€2 | +0.2% |
| Other operating charges | 640/8 | €1,184 | €1,124 | -€60 | -5.1% |
| Gross operating margin | 9900 | €13,692 | €1,592 | -€12,100 | -88.4% |
| Operating profit (loss) | 9901 | €11,666 | -€376 | -€12,042 | |
| Financial income | 75/76B | €40 | €0 | -€40 | -99.0% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -99.0% |
| Financial charges | 65/66B | €341 | €383 | +€42 | +12.4% |
| Recurring financial charges | 65 | €341 | €383 | +€42 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €11,365 | -€759 | -€12,123 | |
| Income taxes | 67/77 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period | 9904 | €11,365 | -€1,759 | -€13,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,365 | -€1,759 | -€13,123 |
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 6 October 2026 via checked.be.