TCL SERVICES: 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.
TCL SERVICES
Largest movements
- Receivables within one year +€31,095
up €31,095 (+31.5%), from €98,722 to €129,816
of which Trade receivables: +€21,881
- Cash -€16,211
down €16,211 (-57.7%), from €28,102 to €11,891
mainly Investment in fixed assets (net) (-€33,227) and Receivables within one year (-€31,095)
- Tangible fixed assets +€15,421
up €15,421 (+74.1%), from €20,814 to €36,235
of which Furniture and vehicles: +€15,834
- Reserves +€24,969
up €24,969 (+23.1%), from €108,119 to €133,088
- Current portion of long-term debt +€6,365
up €6,365 (+180%), from €3,527 to €9,891
- Debts after one year +€5,370
up €5,370 (+88.5%), from €6,069 to €11,439
- Tax, wage and social debts -€3,894
down €3,894 (-8.7%), from €44,858 to €40,964
of which Taxes: -€4,259
- Gross operating margin -€28,232
down €28,232 (-34.8%), from €81,015 to €52,783
- Taxes -€8,825
down €8,825 (-53.5%), from €16,505 to €7,679
- Depreciation +€6,437
up €6,437 (+56.6%), from €11,369 to €17,806
- Staff costs -€4,395
no longer reported in 2025 (was €4,395)
- Other operating charges +€864
up €864 (+346%), from €250 to €1,114
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.
Derived cash bridge
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 | €168,142 | €199,139 | +€30,997 | +18.4% |
| Fixed assets | 21/28 | €41,319 | €56,740 | +€15,421 | +37.3% |
| Tangible fixed assets | 22/27 | €20,814 | €36,235 | +€15,421 | +74.1% |
| Plant, machinery and equipment | 23 | €1,330 | €916 | -€413 | -31.1% |
| Furniture and vehicles | 24 | €19,484 | €35,319 | +€15,834 | +81.3% |
| Financial fixed assets | 28 | €20,505 | €20,505 | = | 0.0% |
| Current assets | 29/58 | €126,823 | €142,399 | +€15,576 | +12.3% |
| Amounts receivable within one year | 40/41 | €98,722 | €129,816 | +€31,095 | +31.5% |
| Trade receivables | 40 | €18,932 | €40,813 | +€21,881 | +116% |
| Other amounts receivable | 41 | €79,789 | €89,004 | +€9,214 | +11.5% |
| Cash at bank and in hand | 54/58 | €28,102 | €11,891 | -€16,211 | -57.7% |
| Deferred charges and accrued income | 490/1 | - | €692 | +€692 | |
| Total equity and liabilities | 10/49 | €168,142 | €199,139 | +€30,997 | +18.4% |
| Equity | 10/15 | €110,619 | €135,588 | +€24,969 | +22.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €108,119 | €133,088 | +€24,969 | +23.1% |
| Distributable reserves | 133 | €108,119 | €133,088 | +€24,969 | +23.1% |
| Amounts payable | 17/49 | €57,524 | €63,551 | +€6,027 | +10.5% |
| Amounts payable after more than one year | 17 | €6,069 | €11,439 | +€5,370 | +88.5% |
| Financial debts | 170/4 | €6,069 | €11,439 | +€5,370 | +88.5% |
| Amounts payable within one year | 42/48 | €51,455 | €52,112 | +€658 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €3,527 | €9,891 | +€6,365 | +180% |
| Trade debts | 44 | €3,069 | €1,254 | -€1,814 | -59.1% |
| Suppliers | 440/4 | €3,069 | €1,254 | -€1,814 | -59.1% |
| Taxes, remuneration and social security | 45 | €44,858 | €40,964 | -€3,894 | -8.7% |
| Taxes | 450/3 | €42,473 | €38,214 | -€4,259 | -10.0% |
| Remuneration and social security | 454/9 | €2,385 | €2,750 | +€365 | +15.3% |
| Other amounts payable | 47/48 | €1 | €2 | +€1 | +100% |
| Remuneration, social security and pensions | 62 | €4,395 | - | -€4,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,369 | €17,806 | +€6,437 | +56.6% |
| Other operating charges | 640/8 | €250 | €1,114 | +€864 | +346% |
| Gross operating margin | 9900 | €81,015 | €52,783 | -€28,232 | -34.8% |
| Operating profit (loss) | 9901 | €65,001 | €33,863 | -€31,138 | -47.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €517 | €1,215 | +€698 | +135% |
| Recurring financial charges | 65 | €517 | €1,215 | +€698 | +135% |
| Profit (loss) for the period before taxes | 9903 | €64,484 | €32,648 | -€31,835 | -49.4% |
| Income taxes | 67/77 | €16,505 | €7,679 | -€8,825 | -53.5% |
| Profit (loss) for the period | 9904 | €47,979 | €24,969 | -€23,010 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,979 | €24,969 | -€23,010 | -48.0% |
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 27 October 2026 via checked.be.