TCC: 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.
TCC
Largest movements
- Cash +€196,055
up €196,055 (+1738.5%), from €11,277 to €207,332
mainly Net result for the year (+€236,700) and Other debts (+€149,668)
- Tangible fixed assets -€48,954
down €48,954 (-61.9%), from €79,136 to €30,182
of which Land and buildings: -€62,723
- Current investments -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Stocks and contracts +€24,631
up €24,631 (+12.1%), from €202,859 to €227,490
- Receivables within one year -€7,399
down €7,399 (-7.8%), from €95,435 to €88,035
of which Trade receivables: -€8,371
- Other debts +€149,668
up €149,668 (+497.5%), from €30,082 to €179,750
- Reserves -€70,278
down €70,278 (-22.9%), from €306,978 to €236,700
- Current portion of long-term debt +€66,827
up €66,827, from €0 to €66,827
- Gross operating margin +€140,675
up €140,675 (+60.3%), from €233,130 to €373,805
- Depreciation +€57,779
up €57,779 (+699.8%), from €8,256 to €66,035
- Taxes +€24,650
up €24,650 (+49.6%), from €49,671 to €74,321
- Financial charges -€7,076
down €7,076 (-69.7%), from €10,153 to €3,077
- Financial income +€6,512
up €6,512 (+276.2%), from €2,357 to €8,869
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 | €417,554 | €558,183 | +€140,629 | +33.7% |
| Fixed assets | 21/28 | €79,136 | €30,182 | -€48,954 | -61.9% |
| Tangible fixed assets | 22/27 | €79,136 | €30,182 | -€48,954 | -61.9% |
| Land and buildings | 22 | €75,523 | €12,800 | -€62,723 | -83.1% |
| Plant, machinery and equipment | 23 | - | €6,405 | +€6,405 | |
| Furniture and vehicles | 24 | €1,756 | €9,541 | +€7,785 | +443.2% |
| Other tangible fixed assets | 26 | €1,857 | €1,435 | -€421 | -22.7% |
| Current assets | 29/58 | €338,418 | €528,001 | +€189,583 | +56.0% |
| Stocks and contracts in progress | 3 | €202,859 | €227,490 | +€24,631 | +12.1% |
| Stocks | 30/36 | €202,859 | €227,490 | +€24,631 | +12.1% |
| Amounts receivable within one year | 40/41 | €95,435 | €88,035 | -€7,399 | -7.8% |
| Trade receivables | 40 | €39,940 | €31,569 | -€8,371 | -21.0% |
| Other amounts receivable | 41 | €55,495 | €56,466 | +€972 | +1.8% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,277 | €207,332 | +€196,055 | +1738.5% |
| Deferred charges and accrued income | 490/1 | €3,847 | €5,144 | +€1,297 | +33.7% |
| Total equity and liabilities | 10/49 | €417,554 | €558,183 | +€140,629 | +33.7% |
| Equity | 10/15 | €311,978 | €241,700 | -€70,278 | -22.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €306,978 | €236,700 | -€70,278 | -22.9% |
| Distributable reserves | 133 | €306,978 | €236,700 | -€70,278 | -22.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €105,577 | €316,484 | +€210,907 | +199.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €105,577 | €316,484 | +€210,907 | +199.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €66,827 | +€66,827 | |
| Financial debts | 43 | €644 | €20 | -€624 | -96.9% |
| Credit institutions | 430/8 | €644 | €20 | -€624 | -96.9% |
| Trade debts | 44 | €5,848 | €6,178 | +€330 | +5.6% |
| Suppliers | 440/4 | €5,848 | €6,178 | +€330 | +5.6% |
| Taxes, remuneration and social security | 45 | €69,002 | €63,709 | -€5,293 | -7.7% |
| Taxes | 450/3 | €65,877 | €60,576 | -€5,302 | -8.0% |
| Remuneration and social security | 454/9 | €3,125 | €3,133 | +€8 | +0.3% |
| Other amounts payable | 47/48 | €30,082 | €179,750 | +€149,668 | +497.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €29,396 | €0 | -€29,396 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,256 | €66,035 | +€57,779 | +699.8% |
| Other operating charges | 640/8 | €1,552 | €2,542 | +€990 | +63.8% |
| Gross operating margin | 9900 | €233,130 | €373,805 | +€140,675 | +60.3% |
| Operating profit (loss) | 9901 | €223,322 | €305,228 | +€81,906 | +36.7% |
| Financial income | 75/76B | €2,357 | €8,869 | +€6,512 | +276.2% |
| Recurring financial income | 75 | €2,357 | €8,869 | +€6,512 | +276.2% |
| Financial charges | 65/66B | €10,153 | €3,077 | -€7,076 | -69.7% |
| Recurring financial charges | 65 | €10,153 | €3,077 | -€7,076 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €215,527 | €311,020 | +€95,494 | +44.3% |
| Income taxes | 67/77 | €49,671 | €74,321 | +€24,650 | +49.6% |
| Profit (loss) for the period | 9904 | €165,856 | €236,700 | +€70,844 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €165,856 | €236,700 | +€70,844 | +42.7% |
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 4 October 2026 via checked.be.