TCH-Rise: 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.
TCH-Rise
Largest movements
- Receivables within one year +€39,209
up €39,209 (+24.2%), from €162,313 to €201,522
of which Other amounts receivable: +€49,822
- Cash -€5,368
down €5,368 (-5.6%), from €95,391 to €90,023
mainly Receivables within one year (-€39,209) and Trade debts (-€10,282)
- Profit (loss) carried forward +€41,619
up €41,619 (+23.9%), from €173,929 to €215,548
- Trade debts -€10,282
down €10,282 (-52.2%), from €19,689 to €9,407
- Accrued charges and deferred income +€9,263
up €9,263 (+39.8%), from €23,290 to €32,553
- Tax, wage and social debts -€6,116
down €6,116 (-15.4%), from €39,652 to €33,535
of which Taxes: -€7,091
- Gross operating margin -€25,162
down €25,162 (-32.1%), from €78,346 to €53,184
- Taxes -€4,039
down €4,039 (-26.0%), from €15,524 to €11,485
- Financial income +€2,227
up €2,227 (+88.6%), from €2,513 to €4,740
- Depreciation +€1,458
up €1,458 (+65.2%), from €2,235 to €3,693
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 | €269,877 | €304,361 | +€34,484 | +12.8% |
| Fixed assets | 21/28 | €9,541 | €12,455 | +€2,914 | +30.5% |
| Tangible fixed assets | 22/27 | €9,541 | €12,455 | +€2,914 | +30.5% |
| Furniture and vehicles | 24 | €9,541 | €12,455 | +€2,914 | +30.5% |
| Current assets | 29/58 | €260,336 | €291,906 | +€31,570 | +12.1% |
| Amounts receivable within one year | 40/41 | €162,313 | €201,522 | +€39,209 | +24.2% |
| Trade receivables | 40 | €98,896 | €88,282 | -€10,614 | -10.7% |
| Other amounts receivable | 41 | €63,417 | €113,240 | +€49,822 | +78.6% |
| Cash at bank and in hand | 54/58 | €95,391 | €90,023 | -€5,368 | -5.6% |
| Deferred charges and accrued income | 490/1 | €2,632 | €362 | -€2,271 | -86.3% |
| Total equity and liabilities | 10/49 | €269,877 | €304,361 | +€34,484 | +12.8% |
| Equity | 10/15 | €178,929 | €220,548 | +€41,619 | +23.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,929 | €215,548 | +€41,619 | +23.9% |
| Amounts payable | 17/49 | €90,948 | €83,813 | -€7,135 | -7.8% |
| Amounts payable within one year | 42/48 | €67,658 | €51,260 | -€16,398 | -24.2% |
| Trade debts | 44 | €19,689 | €9,407 | -€10,282 | -52.2% |
| Suppliers | 440/4 | €19,689 | €9,407 | -€10,282 | -52.2% |
| Advances received on contracts in progress | 46 | €8,318 | €8,318 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €39,652 | €33,535 | -€6,116 | -15.4% |
| Taxes | 450/3 | €39,652 | €32,561 | -€7,091 | -17.9% |
| Remuneration and social security | 454/9 | - | €975 | +€975 | |
| Accrued charges and deferred income | 492/3 | €23,290 | €32,553 | +€9,263 | +39.8% |
| Remuneration, social security and pensions | 62 | €34 | - | -€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €3,693 | +€1,458 | +65.2% |
| Other operating charges | 640/8 | €1,035 | €956 | -€79 | -7.6% |
| Gross operating margin | 9900 | €78,346 | €53,184 | -€25,162 | -32.1% |
| Operating profit (loss) | 9901 | €75,042 | €48,535 | -€26,507 | -35.3% |
| Financial income | 75/76B | €2,513 | €4,740 | +€2,227 | +88.6% |
| Recurring financial income | 75 | €2,513 | €4,740 | +€2,227 | +88.6% |
| Financial charges | 65/66B | €452 | €171 | -€281 | -62.1% |
| Recurring financial charges | 65 | €452 | €171 | -€281 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €77,103 | €53,104 | -€23,999 | -31.1% |
| Income taxes | 67/77 | €15,524 | €11,485 | -€4,039 | -26.0% |
| Profit (loss) for the period | 9904 | €61,579 | €41,619 | -€19,960 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,579 | €41,619 | -€19,960 | -32.4% |
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.