TCGIS: 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.
TCGIS
Largest movements
- Tangible fixed assets +€41,758
up €41,758 (+114.6%), from €36,445 to €78,203
of which Furniture and vehicles: +€50,883
- Cash +€30,138
up €30,138 (+931.8%), from €3,234 to €33,372
mainly Net result for the year (+€40,305) and Debts after one year (+€24,415)
- Receivables within one year +€3,074
up €3,074 (+137.2%), from €2,241 to €5,315
of which Other amounts receivable: +€3,892
- Reserves +€40,305
new in 2025: €40,305
- Debts after one year +€24,415
new in 2025: €24,415
- Tax, wage and social debts +€16,835
up €16,835 (+515.4%), from €3,266 to €20,101
- Other debts -€11,084
down €11,084 (-41.0%), from €27,051 to €15,967
- Current portion of long-term debt +€7,585
new in 2025: €7,585
- Gross operating margin +€59,840
up €59,840 (+495.7%), from €12,071 to €71,911
- Taxes +€17,325
up €17,325 (+687.7%), from €2,519 to €19,844
- Depreciation +€7,976
up €7,976 (+312.2%), from €2,555 to €10,531
- Financial charges +€1,042
up €1,042 (+1389.8%), from €75 to €1,117
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 | €41,920 | €117,042 | +€75,122 | +179.2% |
| Fixed assets | 21/28 | €36,445 | €78,203 | +€41,758 | +114.6% |
| Tangible fixed assets | 22/27 | €36,445 | €78,203 | +€41,758 | +114.6% |
| Plant, machinery and equipment | 23 | €34,162 | €25,037 | -€9,125 | -26.7% |
| Furniture and vehicles | 24 | €2,283 | €53,166 | +€50,883 | +2228.7% |
| Current assets | 29/58 | €5,475 | €38,838 | +€33,364 | +609.4% |
| Amounts receivable within one year | 40/41 | €2,241 | €5,315 | +€3,074 | +137.2% |
| Trade receivables | 40 | €2,241 | €1,423 | -€818 | -36.5% |
| Other amounts receivable | 41 | - | €3,892 | +€3,892 | |
| Cash at bank and in hand | 54/58 | €3,234 | €33,372 | +€30,138 | +931.8% |
| Deferred charges and accrued income | 490/1 | - | €151 | +€151 | |
| Total equity and liabilities | 10/49 | €41,920 | €117,042 | +€75,122 | +179.2% |
| Equity | 10/15 | €9,063 | €48,510 | +€39,446 | +435.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €40,305 | +€40,305 | |
| Distributable reserves | 133 | - | €40,305 | +€40,305 | |
| Profit (loss) carried forward | 14 | €6,063 | €5,204 | -€859 | -14.2% |
| Amounts payable | 17/49 | €32,857 | €68,532 | +€35,675 | +108.6% |
| Amounts payable after more than one year | 17 | - | €24,415 | +€24,415 | |
| Financial debts | 170/4 | - | €24,415 | +€24,415 | |
| Amounts payable within one year | 42/48 | €32,857 | €44,116 | +€11,260 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,585 | +€7,585 | |
| Trade debts | 44 | €2,539 | €463 | -€2,076 | -81.8% |
| Suppliers | 440/4 | €2,539 | €463 | -€2,076 | -81.8% |
| Taxes, remuneration and social security | 45 | €3,266 | €20,101 | +€16,835 | +515.4% |
| Taxes | 450/3 | €3,266 | €20,101 | +€16,835 | +515.4% |
| Other amounts payable | 47/48 | €27,051 | €15,967 | -€11,084 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,555 | €10,531 | +€7,976 | +312.2% |
| Other operating charges | 640/8 | - | €113 | +€113 | |
| Gross operating margin | 9900 | €12,071 | €71,911 | +€59,840 | +495.7% |
| Operating profit (loss) | 9901 | €9,517 | €61,266 | +€51,750 | +543.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €75 | €1,117 | +€1,042 | +1389.8% |
| Recurring financial charges | 65 | €75 | €1,117 | +€1,042 | +1389.8% |
| Profit (loss) for the period before taxes | 9903 | €9,442 | €60,149 | +€50,707 | +537.1% |
| Income taxes | 67/77 | €2,519 | €19,844 | +€17,325 | +687.7% |
| Profit (loss) for the period | 9904 | €6,922 | €40,305 | +€33,383 | +482.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | €40,305 | +€33,383 | +482.2% |
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 5 October 2026 via checked.be.