tcennect: 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.
tcennect
Largest movements
- Cash -€15,294
down €15,294 (-16.7%), from €91,586 to €76,292
mainly Net result for the year (-€22,945) and Other debts (-€6,073)
- Tangible fixed assets -€12,791
down €12,791 (-28.3%), from €45,243 to €32,452
of which Furniture and vehicles: -€12,276
- Receivables within one year -€1,536
down €1,536 (-25.0%), from €6,155 to €4,618
- Profit (loss) carried forward -€22,945
new in 2025: -€22,945
- Other debts -€6,073
down €6,073 (-9.0%), from €67,348 to €61,275
- Gross operating margin -€29,983
down €29,983, from €20,321 to -€9,663
- Taxes -€2,116
down €2,116 (-88.8%), from €2,382 to €266
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 | €142,986 | €113,364 | -€29,622 | -20.7% |
| Fixed assets | 21/28 | €45,245 | €32,454 | -€12,791 | -28.3% |
| Tangible fixed assets | 22/27 | €45,243 | €32,452 | -€12,791 | -28.3% |
| Plant, machinery and equipment | 23 | €1,892 | €1,376 | -€516 | -27.3% |
| Furniture and vehicles | 24 | €43,351 | €31,076 | -€12,276 | -28.3% |
| Financial fixed assets | 28 | €2 | €2 | = | 0.0% |
| Current assets | 29/58 | €97,741 | €80,911 | -€16,830 | -17.2% |
| Amounts receivable within one year | 40/41 | €6,155 | €4,618 | -€1,536 | -25.0% |
| Other amounts receivable | 41 | €6,155 | €4,618 | -€1,536 | -25.0% |
| Cash at bank and in hand | 54/58 | €91,586 | €76,292 | -€15,294 | -16.7% |
| Total equity and liabilities | 10/49 | €142,986 | €113,364 | -€29,622 | -20.7% |
| Equity | 10/15 | €74,591 | €51,646 | -€22,945 | -30.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €72,591 | €72,591 | = | 0.0% |
| Distributable reserves | 133 | €72,591 | €72,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,945 | -€22,945 | |
| Amounts payable | 17/49 | €68,395 | €61,718 | -€6,677 | -9.8% |
| Amounts payable within one year | 42/48 | €68,395 | €61,718 | -€6,677 | -9.8% |
| Trade debts | 44 | €274 | €177 | -€97 | -35.3% |
| Suppliers | 440/4 | €274 | €177 | -€97 | -35.3% |
| Taxes, remuneration and social security | 45 | €773 | €266 | -€508 | -65.6% |
| Taxes | 450/3 | €773 | €266 | -€508 | -65.6% |
| Other amounts payable | 47/48 | €67,348 | €61,275 | -€6,073 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,791 | €12,791 | = | 0.0% |
| Other operating charges | 640/8 | €148 | €150 | +€2 | +1.4% |
| Gross operating margin | 9900 | €20,321 | -€9,663 | -€29,983 | |
| Operating profit (loss) | 9901 | €7,381 | -€22,604 | -€29,985 | |
| Financial charges | 65/66B | €69 | €75 | +€6 | +8.6% |
| Recurring financial charges | 65 | €69 | €75 | +€6 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €7,312 | -€22,679 | -€29,991 | |
| Income taxes | 67/77 | €2,382 | €266 | -€2,116 | -88.8% |
| Profit (loss) for the period | 9904 | €4,930 | -€22,945 | -€27,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,930 | -€22,945 | -€27,875 |
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 12 October 2026 via checked.be.