TCH CONSULT: what changed
What changed
TCH CONSULT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€183,363
2024 · €121,432+€61,931
Equity
€790,085
2024 · €656,489+€133,596
Cash
€32,094
2024 · €38,766-€6,672
Balance sheet total
€881,782
2024 · €798,727+€83,056
Largest movements
Assets
- Financial fixed assets +€171,750
up €171,750 (+37.7%), from €455,153 to €626,903
- Receivables within one year -€54,330
down €54,330 (-38.7%), from €140,542 to €86,213
of which Trade receivables: -€51,034
- Tangible fixed assets -€30,454
down €30,454 (-24.1%), from €126,601 to €96,146
of which Furniture and vehicles: -€30,240
Equity and liabilities
- Reserves +€133,596
up €133,596 (+20.9%), from €637,889 to €771,485
of which Distributable reserves: +€133,596
- Other debts -€26,437
down €26,437 (-100%), from €26,437 to €0
- Debts after one year -€10,313
down €10,313 (-53.4%), from €19,296 to €8,983
Income statement
- Gross operating margin +€95,526
up €95,526 (+42.6%), from €224,502 to €320,028
- Taxes +€29,821
up €29,821 (+53.8%), from €55,408 to €85,230
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.
Result 2024
€121,432
Gross operating margin
+€95,526
Staff costs
-€216
Depreciation
-€1,455
Other operating charges
-€1,893
Financial income
+€1,196
Financial charges
-€1,406
Taxes
-€29,821
Result 2025
€183,363
raises the resultlowers the result
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.
From operations
+€225,618
Investment
-€172,695
Financing
-€59,595
Cash 2024
€38,766
From operations (derived)
+€225,618
Net result for the year
+€183,363
Depreciation
+€31,400
Receivables within one year
+€54,330
Deferred charges and accrued income
-€2,762
Trade debts
-€8,683
Tax, wage and social debts
-€5,593
Other debts
-€26,437
Investment (derived)
-€172,695
Investment in fixed assets (net)
-€172,695
Financing
-€59,595
Debts after one year
-€10,313
Current portion of long-term debt
+€486
Contributions, distributions and other
-€49,767
Cash 2025
€32,094
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €798,727 | €881,782 | +€83,056 | +10.4% |
| Fixed assets | 21/28 | €581,754 | €723,050 | +€141,296 | +24.3% |
| Tangible fixed assets | 22/27 | €126,601 | €96,146 | -€30,454 | -24.1% |
| Plant, machinery and equipment | 23 | €2,141 | €1,927 | -€215 | -10.0% |
| Furniture and vehicles | 24 | €124,460 | €94,220 | -€30,240 | -24.3% |
| Financial fixed assets | 28 | €455,153 | €626,903 | +€171,750 | +37.7% |
| Current assets | 29/58 | €216,973 | €158,733 | -€58,240 | -26.8% |
| Amounts receivable within one year | 40/41 | €140,542 | €86,213 | -€54,330 | -38.7% |
| Trade receivables | 40 | €132,104 | €81,070 | -€51,034 | -38.6% |
| Other amounts receivable | 41 | €8,438 | €5,143 | -€3,296 | -39.1% |
| Cash at bank and in hand | 54/58 | €38,766 | €32,094 | -€6,672 | -17.2% |
| Deferred charges and accrued income | 490/1 | €37,665 | €40,426 | +€2,762 | +7.3% |
| Total equity and liabilities | 10/49 | €798,727 | €881,782 | +€83,056 | +10.4% |
| Equity | 10/15 | €656,489 | €790,085 | +€133,596 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €637,889 | €771,485 | +€133,596 | +20.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €636,029 | €769,625 | +€133,596 | +21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,238 | €91,697 | -€50,541 | -35.5% |
| Amounts payable after more than one year | 17 | €19,296 | €8,983 | -€10,313 | -53.4% |
| Financial debts | 170/4 | €19,296 | €8,983 | -€10,313 | -53.4% |
| Amounts payable within one year | 42/48 | €122,942 | €82,715 | -€40,228 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €9,828 | €10,313 | +€486 | +4.9% |
| Trade debts | 44 | €17,600 | €8,917 | -€8,683 | -49.3% |
| Suppliers | 440/4 | €17,600 | €8,917 | -€8,683 | -49.3% |
| Taxes, remuneration and social security | 45 | €69,078 | €63,485 | -€5,593 | -8.1% |
| Taxes | 450/3 | €64,264 | €60,526 | -€3,737 | -5.8% |
| Remuneration and social security | 454/9 | €4,814 | €2,958 | -€1,856 | -38.5% |
| Other amounts payable | 47/48 | €26,437 | €0 | -€26,437 | -100% |
| Remuneration, social security and pensions | 62 | €21,938 | €22,154 | +€216 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,945 | €31,400 | +€1,455 | +4.9% |
| Other operating charges | 640/8 | €491 | €2,384 | +€1,893 | +385% |
| Gross operating margin | 9900 | €224,502 | €320,028 | +€95,526 | +42.6% |
| Operating profit (loss) | 9901 | €172,128 | €264,090 | +€91,962 | +53.4% |
| Financial income | 75/76B | €7,142 | €8,338 | +€1,196 | +16.7% |
| Recurring financial income | 75 | €7,142 | €8,338 | +€1,196 | +16.7% |
| Financial charges | 65/66B | €2,429 | €3,835 | +€1,406 | +57.9% |
| Recurring financial charges | 65 | €2,429 | €3,835 | +€1,406 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €176,841 | €268,593 | +€91,752 | +51.9% |
| Income taxes | 67/77 | €55,408 | €85,230 | +€29,821 | +53.8% |
| Profit (loss) for the period | 9904 | €121,432 | €183,363 | +€61,931 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,432 | €183,363 | +€61,931 | +51.0% |
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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 7 November 2026 via checked.be.