TCB: 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.
TCB
Largest movements
- Tangible fixed assets +€147,608
up €147,608 (+37.2%), from €397,068 to €544,677
of which Leasing and similar rights: +€190,009
- Receivables within one year +€29,034
up €29,034 (+62.1%), from €46,780 to €75,814
of which Trade receivables: +€23,480
- Debts after one year +€142,140
up €142,140 (+47.3%), from €300,410 to €442,550
- Current portion of long-term debt +€32,040
up €32,040 (+61.3%), from €52,306 to €84,346
- Reserves +€19,850
up €19,850 (+29.7%), from €66,810 to €86,660
- Trade debts -€17,877
down €17,877 (-39.1%), from €45,738 to €27,862
- Gross operating margin -€24,159
down €24,159 (-17.5%), from €137,832 to €113,673
- Depreciation -€9,935
down €9,935 (-12.6%), from €78,917 to €68,982
- Financial charges +€2,309
up €2,309 (+12.7%), from €18,189 to €20,499
- Taxes -€1,520
down €1,520 (-30.4%), from €5,002 to €3,482
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 | €571,987 | €750,273 | +€178,286 | +31.2% |
| Fixed assets | 21/28 | €397,068 | €544,677 | +€147,608 | +37.2% |
| Tangible fixed assets | 22/27 | €397,068 | €544,677 | +€147,608 | +37.2% |
| Land and buildings | 22 | €317,999 | €301,608 | -€16,391 | -5.2% |
| Plant, machinery and equipment | 23 | €18,549 | €13,280 | -€5,269 | -28.4% |
| Furniture and vehicles | 24 | €57,882 | €37,141 | -€20,741 | -35.8% |
| Leasing and similar rights | 25 | €2,639 | €192,648 | +€190,009 | +7200.2% |
| Current assets | 29/58 | €174,918 | €205,596 | +€30,678 | +17.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €46,780 | €75,814 | +€29,034 | +62.1% |
| Trade receivables | 40 | €39,641 | €63,122 | +€23,480 | +59.2% |
| Other amounts receivable | 41 | €7,139 | €12,692 | +€5,554 | +77.8% |
| Cash at bank and in hand | 54/58 | €122,905 | €120,219 | -€2,686 | -2.2% |
| Deferred charges and accrued income | 490/1 | €5,233 | €9,563 | +€4,330 | +82.7% |
| Total equity and liabilities | 10/49 | €571,987 | €750,273 | +€178,286 | +31.2% |
| Equity | 10/15 | €85,410 | €105,260 | +€19,850 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,810 | €86,660 | +€19,850 | +29.7% |
| Distributable reserves | 133 | €66,810 | €86,660 | +€19,850 | +29.7% |
| Amounts payable | 17/49 | €486,577 | €645,013 | +€158,437 | +32.6% |
| Amounts payable after more than one year | 17 | €300,410 | €442,550 | +€142,140 | +47.3% |
| Financial debts | 170/4 | €300,410 | €442,550 | +€142,140 | +47.3% |
| Amounts payable within one year | 42/48 | €186,167 | €202,464 | +€16,297 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €52,306 | €84,346 | +€32,040 | +61.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €45,738 | €27,862 | -€17,877 | -39.1% |
| Suppliers | 440/4 | €45,738 | €27,862 | -€17,877 | -39.1% |
| Taxes, remuneration and social security | 45 | €6,351 | €8,485 | +€2,134 | +33.6% |
| Taxes | 450/3 | €6,351 | €8,485 | +€2,134 | +33.6% |
| Other amounts payable | 47/48 | €31,771 | €31,771 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €36,000 | €19,465 | -€16,535 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,917 | €68,982 | -€9,935 | -12.6% |
| Other operating charges | 640/8 | €1,231 | €861 | -€371 | -30.1% |
| Gross operating margin | 9900 | €137,832 | €113,673 | -€24,159 | -17.5% |
| Operating profit (loss) | 9901 | €57,684 | €43,830 | -€13,853 | -24.0% |
| Financial income | 75/76B | €22 | €1 | -€21 | -96.7% |
| Recurring financial income | 75 | €22 | €1 | -€21 | -96.7% |
| Financial charges | 65/66B | €18,189 | €20,499 | +€2,309 | +12.7% |
| Recurring financial charges | 65 | €18,189 | €20,499 | +€2,309 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €39,516 | €23,332 | -€16,184 | -41.0% |
| Income taxes | 67/77 | €5,002 | €3,482 | -€1,520 | -30.4% |
| Profit (loss) for the period | 9904 | €34,514 | €19,850 | -€14,664 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,514 | €19,850 | -€14,664 | -42.5% |
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 2 October 2026 via checked.be.