TCB & ASSOCIES: 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.
TCB & ASSOCIES
Largest movements
- Tangible fixed assets +€158,257
up €158,257 (+84.6%), from €187,040 to €345,297
of which Land and buildings: +€168,465
- Receivables within one year +€132,237
up €132,237 (+180%), from €73,415 to €205,652
of which Other amounts receivable: +€82,152
- Cash -€130,370
down €130,370 (-15.1%), from €863,775 to €733,404
mainly Investment in fixed assets (net) (-€172,937) and Receivables within one year (-€132,237)
- Profit (loss) carried forward +€183,694
up €183,694 (+20.6%), from €890,150 to €1.1m
- Trade debts -€44,256
down €44,256 (-26.6%), from €166,341 to €122,085
- Other debts +€33,871
new in 2025: €33,871
- Gross operating margin +€33,577
up €33,577 (+13.5%), from €248,279 to €281,856
- Depreciation -€15,061
down €15,061 (-50.6%), from €29,741 to €14,680
- Staff costs +€8,682
up €8,682 (+76.2%), from €11,392 to €20,074
- Financial income +€4,252
up €4,252 (+252%), from €1,689 to €5,942
- Taxes +€3,841
up €3,841 (+7.7%), from €50,208 to €54,049
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 | €1,136,772 | €1,288,385 | +€151,613 | +13.3% |
| Fixed assets | 21/28 | €187,040 | €345,297 | +€158,257 | +84.6% |
| Tangible fixed assets | 22/27 | €187,040 | €345,297 | +€158,257 | +84.6% |
| Land and buildings | 22 | €159,550 | €328,015 | +€168,465 | +106% |
| Furniture and vehicles | 24 | €24,707 | €16,881 | -€7,826 | -31.7% |
| Other tangible fixed assets | 26 | €2,783 | €401 | -€2,381 | -85.6% |
| Current assets | 29/58 | €949,732 | €943,088 | -€6,645 | -0.7% |
| Amounts receivable within one year | 40/41 | €73,415 | €205,652 | +€132,237 | +180% |
| Trade receivables | 40 | €43,003 | €93,088 | +€50,085 | +116% |
| Other amounts receivable | 41 | €30,411 | €112,564 | +€82,152 | +270% |
| Cash at bank and in hand | 54/58 | €863,775 | €733,404 | -€130,370 | -15.1% |
| Deferred charges and accrued income | 490/1 | €12,543 | €4,032 | -€8,511 | -67.9% |
| Total equity and liabilities | 10/49 | €1,136,772 | €1,288,385 | +€151,613 | +13.3% |
| Equity | 10/15 | €919,417 | €1,103,111 | +€183,694 | +20.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,067 | €23,067 | = | 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% |
| Tax-exempt reserves | 132 | €21,207 | €21,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | €890,150 | €1,073,844 | +€183,694 | +20.6% |
| Amounts payable | 17/49 | €217,355 | €185,274 | -€32,081 | -14.8% |
| Amounts payable after more than one year | 17 | €10,000 | €0 | -€10,000 | -100% |
| Financial debts | 170/4 | €10,000 | €0 | -€10,000 | -100% |
| Amounts payable within one year | 42/48 | €207,355 | €185,226 | -€22,129 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €13,590 | €10,000 | -€3,590 | -26.4% |
| Trade debts | 44 | €166,341 | €122,085 | -€44,256 | -26.6% |
| Suppliers | 440/4 | €166,341 | €122,085 | -€44,256 | -26.6% |
| Taxes, remuneration and social security | 45 | €27,425 | €19,270 | -€8,154 | -29.7% |
| Taxes | 450/3 | €27,425 | €15,980 | -€11,445 | -41.7% |
| Remuneration and social security | 454/9 | - | €3,290 | +€3,290 | |
| Other amounts payable | 47/48 | - | €33,871 | +€33,871 | |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Remuneration, social security and pensions | 62 | €11,392 | €20,074 | +€8,682 | +76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,741 | €14,680 | -€15,061 | -50.6% |
| Other operating charges | 640/8 | €8,911 | €12,749 | +€3,837 | +43.1% |
| Gross operating margin | 9900 | €248,279 | €281,856 | +€33,577 | +13.5% |
| Operating profit (loss) | 9901 | €198,235 | €234,353 | +€36,119 | +18.2% |
| Financial income | 75/76B | €1,689 | €5,942 | +€4,252 | +252% |
| Recurring financial income | 75 | €1,689 | €5,942 | +€4,252 | +252% |
| Financial charges | 65/66B | €2,500 | €2,552 | +€53 | +2.1% |
| Recurring financial charges | 65 | €2,500 | €2,552 | +€53 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €197,424 | €237,743 | +€40,318 | +20.4% |
| Income taxes | 67/77 | €50,208 | €54,049 | +€3,841 | +7.7% |
| Profit (loss) for the period | 9904 | €147,217 | €183,694 | +€36,477 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €147,217 | €183,694 | +€36,477 | +24.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.