TCB MARITIME SERVICES: 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 MARITIME SERVICES
Largest movements
- Receivables within one year -€192,239
down €192,239 (-68.2%), from €281,688 to €89,449
of which Trade receivables: -€193,911
- Tangible fixed assets +€73,752
up €73,752 (+1,937%), from €3,808 to €77,560
of which Furniture and vehicles: +€67,539
- Current investments -€50,154
down €50,154 (-100%), from €50,154 to €0
- Cash +€20,011
up €20,011 (+47.6%), from €42,034 to €62,045
mainly Receivables within one year (+€192,239) and Net result for the year (+€50,366)
- Deferred charges and accrued income -€5,188
down €5,188 (-77.8%), from €6,670 to €1,482
- Trade debts -€145,134
down €145,134 (-86.4%), from €167,943 to €22,810
- Advances received -€70,576
down €70,576 (-100%), from €70,576 to €0
- Reserves +€50,366
up €50,366 (+2,708%), from €1,860 to €52,226
- Tax, wage and social debts +€11,525
up €11,525 (+3,266%), from €353 to €11,878
- Gross operating margin +€76,147
up €76,147 (+5,638%), from €1,351 to €77,498
- Taxes +€10,544
up €10,544 (+790%), from €1,334 to €11,878
- Other operating charges +€8,318
up €8,318 (+293%), from €2,837 to €11,155
- Depreciation +€2,160
up €2,160 (+105%), from €2,061 to €4,221
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 | €384,354 | €230,535 | -€153,818 | -40.0% |
| Fixed assets | 21/28 | €3,808 | €77,560 | +€73,752 | +1,937% |
| Tangible fixed assets | 22/27 | €3,808 | €77,560 | +€73,752 | +1,937% |
| Plant, machinery and equipment | 23 | €1,107 | €7,320 | +€6,213 | +561% |
| Furniture and vehicles | 24 | €2,701 | €70,240 | +€67,539 | +2,501% |
| Current assets | 29/58 | €380,546 | €152,976 | -€227,570 | -59.8% |
| Amounts receivable within one year | 40/41 | €281,688 | €89,449 | -€192,239 | -68.2% |
| Trade receivables | 40 | €267,830 | €73,919 | -€193,911 | -72.4% |
| Other amounts receivable | 41 | €13,858 | €15,530 | +€1,672 | +12.1% |
| Current investments | 50/53 | €50,154 | €0 | -€50,154 | -100% |
| Cash at bank and in hand | 54/58 | €42,034 | €62,045 | +€20,011 | +47.6% |
| Deferred charges and accrued income | 490/1 | €6,670 | €1,482 | -€5,188 | -77.8% |
| Total equity and liabilities | 10/49 | €384,354 | €230,535 | -€153,818 | -40.0% |
| Equity | 10/15 | €145,481 | €195,848 | +€50,366 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €52,226 | +€50,366 | +2,708% |
| Distributable reserves | 133 | €1,860 | €52,226 | +€50,366 | +2,708% |
| Profit (loss) carried forward | 14 | €125,021 | €125,021 | = | 0.0% |
| Amounts payable | 17/49 | €238,872 | €34,688 | -€204,185 | -85.5% |
| Amounts payable within one year | 42/48 | €238,872 | €34,688 | -€204,185 | -85.5% |
| Trade debts | 44 | €167,943 | €22,810 | -€145,134 | -86.4% |
| Suppliers | 440/4 | €167,943 | €22,810 | -€145,134 | -86.4% |
| Advances received on contracts in progress | 46 | €70,576 | €0 | -€70,576 | -100% |
| Taxes, remuneration and social security | 45 | €353 | €11,878 | +€11,525 | +3,266% |
| Taxes | 450/3 | €353 | €11,878 | +€11,525 | +3,266% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,061 | €4,221 | +€2,160 | +105% |
| Other operating charges | 640/8 | €2,837 | €11,155 | +€8,318 | +293% |
| Gross operating margin | 9900 | €1,351 | €77,498 | +€76,147 | +5,638% |
| Operating profit (loss) | 9901 | -€3,547 | €62,122 | +€65,669 | |
| Financial income | 75/76B | €682 | €719 | +€37 | +5.4% |
| Recurring financial income | 75 | €682 | €719 | +€37 | +5.4% |
| Financial charges | 65/66B | €255 | €596 | +€341 | +133% |
| Recurring financial charges | 65 | €255 | €596 | +€341 | +133% |
| Profit (loss) for the period before taxes | 9903 | -€3,120 | €62,245 | +€65,365 | |
| Income taxes | 67/77 | €1,334 | €11,878 | +€10,544 | +790% |
| Profit (loss) for the period | 9904 | -€4,454 | €50,366 | +€54,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,454 | €50,366 | +€54,821 |
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 25 October 2026 via checked.be.