TCI RESEARCH: what changed
TCI RESEARCH
Largest movements
- Cash +€228,565
up €228,565 (+62.6%), from €365,179 to €593,745
mainly Net result for the year (+€422,224) and Accrued charges and deferred income (+€95,488)
- Receivables within one year +€181,640
up €181,640 (+51.7%), from €351,020 to €532,660
of which Trade receivables: +€179,522
- Profit (loss) carried forward +€342,224
up €342,224 (+76.8%), from €445,621 to €787,845
- Accrued charges and deferred income +€95,488
up €95,488 (+107%), from €89,000 to €184,488
- Tax, wage and social debts -€47,766
down €47,766 (-32.1%), from €148,722 to €100,956
of which Taxes: -€47,706
- Trade debts +€20,258
new in 2023: €20,258
- Gross operating margin +€280,127
up €280,127 (+35.4%), from €791,022 to €1.1m
- Staff costs +€165,582
up €165,582 (+49.1%), from €337,304 to €502,886
- Taxes +€34,005
up €34,005 (+29.9%), from €113,630 to €147,636
Change in the result, 2022 to 2023
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 2022 and 2023 balance sheets and the 2023 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 | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,343 | €1,128,548 | +€410,205 | +57.1% |
| Fixed assets | 21/28 | €368 | €368 | = | 0.0% |
| Financial fixed assets | 28 | €368 | €368 | = | 0.0% |
| Current assets | 29/58 | €717,974 | €1,128,179 | +€410,205 | +57.1% |
| Amounts receivable within one year | 40/41 | €351,020 | €532,660 | +€181,640 | +51.7% |
| Trade receivables | 40 | €351,020 | €530,542 | +€179,522 | +51.1% |
| Other amounts receivable | 41 | - | €2,117 | +€2,117 | |
| Cash at bank and in hand | 54/58 | €365,179 | €593,745 | +€228,565 | +62.6% |
| Deferred charges and accrued income | 490/1 | €1,775 | €1,775 | = | 0.0% |
| Total equity and liabilities | 10/49 | €718,343 | €1,128,548 | +€410,205 | +57.1% |
| Equity | 10/15 | €480,621 | €822,845 | +€342,224 | +71.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €445,621 | €787,845 | +€342,224 | +76.8% |
| Amounts payable | 17/49 | €237,722 | €305,702 | +€67,981 | +28.6% |
| Amounts payable within one year | 42/48 | €148,722 | €121,215 | -€27,507 | -18.5% |
| Trade debts | 44 | - | €20,258 | +€20,258 | |
| Suppliers | 440/4 | - | €20,258 | +€20,258 | |
| Taxes, remuneration and social security | 45 | €148,722 | €100,956 | -€47,766 | -32.1% |
| Taxes | 450/3 | €140,727 | €93,021 | -€47,706 | -33.9% |
| Remuneration and social security | 454/9 | €7,995 | €7,935 | -€60 | -0.7% |
| Accrued charges and deferred income | 492/3 | €89,000 | €184,488 | +€95,488 | +107% |
| Remuneration, social security and pensions | 62 | €337,304 | €502,886 | +€165,582 | +49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390 | - | -€390 | |
| Other operating charges | 640/8 | €1,174 | €1,472 | +€298 | +25.4% |
| Gross operating margin | 9900 | €791,022 | €1,071,149 | +€280,127 | +35.4% |
| Operating profit (loss) | 9901 | €452,153 | €566,790 | +€114,637 | +25.4% |
| Financial income | 75/76B | €7,524 | €5,500 | -€2,025 | -26.9% |
| Recurring financial income | 75 | €7,524 | €5,500 | -€2,025 | -26.9% |
| Financial charges | 65/66B | €1,027 | €2,430 | +€1,403 | +137% |
| Recurring financial charges | 65 | €1,027 | €2,430 | +€1,403 | +137% |
| Profit (loss) for the period before taxes | 9903 | €458,651 | €569,860 | +€111,209 | +24.2% |
| Income taxes | 67/77 | €113,630 | €147,636 | +€34,005 | +29.9% |
| Profit (loss) for the period | 9904 | €345,021 | €422,224 | +€77,204 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €345,021 | €422,224 | +€77,204 | +22.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.