TCD: what changed
TCD
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€68,700
down €68,700 (-100%), from €68,700 to €0
- Profit (loss) carried forward +€33,874
up €33,874 (+39.4%), from €86,044 to €119,918
- Current portion of long-term debt +€33,216
up €33,216 (+204%), from €16,293 to €49,509
- Financial income +€21,000
up €21,000 (+117%), from €18,000 to €39,000
- Depreciation -€353
down €353 (-68.6%), from €515 to €161
- Financial charges +€228
up €228 (+7.5%), from €3,035 to €3,263
- Gross operating margin -€39
down €39 (-3.1%), from -€1,262 to -€1,302
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,946 | €225,535 | -€411 | -0.2% |
| Formation expenses | 20 | €161 | €0 | -€161 | -100% |
| Fixed assets | 21/28 | €225,000 | €225,000 | = | 0.0% |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €785 | €535 | -€250 | -31.8% |
| Cash at bank and in hand | 54/58 | €785 | €535 | -€250 | -31.8% |
| Total equity and liabilities | 10/49 | €225,946 | €225,535 | -€411 | -0.2% |
| Equity | 10/15 | €136,044 | €169,918 | +€33,874 | +24.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,044 | €119,918 | +€33,874 | +39.4% |
| Amounts payable | 17/49 | €89,902 | €55,617 | -€34,285 | -38.1% |
| Amounts payable after more than one year | 17 | €68,700 | €0 | -€68,700 | -100% |
| Financial debts | 170/4 | €68,700 | €0 | -€68,700 | -100% |
| Amounts payable within one year | 42/48 | €21,202 | €55,617 | +€34,415 | +162% |
| Current portion of amounts payable after more than one year | 42 | €16,293 | €49,509 | +€33,216 | +204% |
| Financial debts | 43 | €197 | €121 | -€76 | -38.8% |
| Credit institutions | 430/8 | €197 | €121 | -€76 | -38.8% |
| Other amounts payable | 47/48 | €4,713 | €5,988 | +€1,275 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515 | €161 | -€353 | -68.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,262 | -€1,302 | -€39 | -3.1% |
| Operating profit (loss) | 9901 | -€2,165 | -€1,863 | +€302 | +13.9% |
| Financial income | 75/76B | €18,000 | €39,000 | +€21,000 | +117% |
| Recurring financial income | 75 | €18,000 | €39,000 | +€21,000 | +117% |
| Financial charges | 65/66B | €3,035 | €3,263 | +€228 | +7.5% |
| Recurring financial charges | 65 | €3,035 | €3,263 | +€228 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €12,800 | €33,874 | +€21,074 | +165% |
| Profit (loss) for the period | 9904 | €12,800 | €33,874 | +€21,074 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €12,800 | €33,874 | +€21,074 | +165% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.