TCKO PROJECT: 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.
TCKO PROJECT
Largest movements
- Tangible fixed assets +€70,063
up €70,063 (+284.7%), from €24,613 to €94,676
- Cash -€66,832
down €66,832 (-80.9%), from €82,578 to €15,746
mainly Investment in fixed assets (net) (-€82,142) and Net result for the year (-€13,198)
- Receivables within one year +€3,626
up €3,626 (+86.0%), from €4,217 to €7,843
of which Other amounts receivable: +€1,977
- Debts after one year +€17,560
up €17,560 (+216.4%), from €8,116 to €25,676
- Profit (loss) carried forward -€13,198
down €13,198 (-28.6%), from €46,129 to €32,931
- Gross operating margin +€27,641
up €27,641, from -€11,646 to €15,995
- Staff costs +€5,391
up €5,391 (+68.5%), from €7,865 to €13,256
- Depreciation +€3,866
up €3,866 (+47.1%), from €8,212 to €12,079
- Other operating charges +€2,039
up €2,039 (+112.7%), from €1,809 to €3,848
- Financial charges -€333
down €333 (-97.1%), from €343 to €10
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,408 | €118,265 | +€6,857 | +6.2% |
| Fixed assets | 21/28 | €24,613 | €94,676 | +€70,063 | +284.7% |
| Tangible fixed assets | 22/27 | €24,613 | €94,676 | +€70,063 | +284.7% |
| Furniture and vehicles | 24 | €24,613 | €94,676 | +€70,063 | +284.7% |
| Current assets | 29/58 | €86,795 | €23,589 | -€63,206 | -72.8% |
| Amounts receivable within one year | 40/41 | €4,217 | €7,843 | +€3,626 | +86.0% |
| Trade receivables | 40 | €3,208 | €4,857 | +€1,649 | +51.4% |
| Other amounts receivable | 41 | €1,009 | €2,986 | +€1,977 | +195.9% |
| Cash at bank and in hand | 54/58 | €82,578 | €15,746 | -€66,832 | -80.9% |
| Total equity and liabilities | 10/49 | €111,408 | €118,265 | +€6,857 | +6.2% |
| Equity | 10/15 | €60,189 | €46,991 | -€13,198 | -21.9% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,129 | €32,931 | -€13,198 | -28.6% |
| Amounts payable | 17/49 | €51,220 | €71,275 | +€20,055 | +39.2% |
| Amounts payable after more than one year | 17 | €8,116 | €25,676 | +€17,560 | +216.4% |
| Financial debts | 170/4 | €8,116 | €25,676 | +€17,560 | +216.4% |
| Amounts payable within one year | 42/48 | €39,048 | €40,509 | +€1,461 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €6,225 | €6,775 | +€551 | +8.8% |
| Trade debts | 44 | €663 | €1,574 | +€910 | +137.2% |
| Suppliers | 440/4 | €663 | €1,574 | +€910 | +137.2% |
| Other amounts payable | 47/48 | €32,160 | €32,160 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,056 | €5,090 | +€1,034 | +25.5% |
| Remuneration, social security and pensions | 62 | €7,865 | €13,256 | +€5,391 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,212 | €12,079 | +€3,866 | +47.1% |
| Other operating charges | 640/8 | €1,809 | €3,848 | +€2,039 | +112.7% |
| Gross operating margin | 9900 | -€11,646 | €15,995 | +€27,641 | |
| Operating profit (loss) | 9901 | -€29,532 | -€13,188 | +€16,344 | +55.3% |
| Financial charges | 65/66B | €343 | €10 | -€333 | -97.1% |
| Recurring financial charges | 65 | €343 | €10 | -€333 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,875 | -€13,198 | +€16,677 | +55.8% |
| Profit (loss) for the period | 9904 | -€29,875 | -€13,198 | +€16,677 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,875 | -€13,198 | +€16,677 | +55.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.