TCM-electro: 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.
TCM-electro
Largest movements
- Receivables within one year -€17,989
down €17,989 (-54.1%), from €33,245 to €15,256
of which Trade receivables: -€17,989
- Cash +€15,206
up €15,206 (+29.5%), from €51,536 to €66,742
mainly Receivables within one year (+€17,989) and Stocks and contracts (+€12,812)
- Stocks and contracts -€12,812
down €12,812 (-71.0%), from €18,035 to €5,223
- Tangible fixed assets -€9,402
down €9,402 (-37.8%), from €24,902 to €15,500
of which Furniture and vehicles: -€8,606
- Profit (loss) carried forward -€16,999
down €16,999 (-26.1%), from €65,182 to €48,182
- Debts after one year -€7,793
down €7,793 (-59.6%), from €13,087 to €5,293
- Other debts -€3,062
down €3,062 (-12.7%), from €24,174 to €21,112
- Trade debts +€2,669
up €2,669 (+135.8%), from €1,966 to €4,635
- Gross operating margin -€7,501
down €7,501 (-54.2%), from €13,839 to €6,338
- Taxes +€1,814
up €1,814 (+159.9%), from €1,135 to €2,949
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 | €127,718 | €102,721 | -€24,998 | -19.6% |
| Fixed assets | 21/28 | €24,902 | €15,500 | -€9,402 | -37.8% |
| Tangible fixed assets | 22/27 | €24,902 | €15,500 | -€9,402 | -37.8% |
| Plant, machinery and equipment | 23 | €2,673 | €1,877 | -€796 | -29.8% |
| Furniture and vehicles | 24 | €22,229 | €13,623 | -€8,606 | -38.7% |
| Current assets | 29/58 | €102,816 | €87,221 | -€15,595 | -15.2% |
| Stocks and contracts in progress | 3 | €18,035 | €5,223 | -€12,812 | -71.0% |
| Stocks | 30/36 | €18,035 | €5,223 | -€12,812 | -71.0% |
| Amounts receivable within one year | 40/41 | €33,245 | €15,256 | -€17,989 | -54.1% |
| Trade receivables | 40 | €27,380 | €9,390 | -€17,989 | -65.7% |
| Other amounts receivable | 41 | €5,865 | €5,865 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,536 | €66,742 | +€15,206 | +29.5% |
| Total equity and liabilities | 10/49 | €127,718 | €102,721 | -€24,998 | -19.6% |
| Equity | 10/15 | €68,182 | €51,182 | -€16,999 | -24.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,182 | €48,182 | -€16,999 | -26.1% |
| Amounts payable | 17/49 | €59,537 | €51,538 | -€7,998 | -13.4% |
| Amounts payable after more than one year | 17 | €13,087 | €5,293 | -€7,793 | -59.6% |
| Financial debts | 170/4 | €13,087 | €5,293 | -€7,793 | -59.6% |
| Amounts payable within one year | 42/48 | €46,450 | €46,245 | -€205 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €7,621 | €7,793 | +€172 | +2.3% |
| Trade debts | 44 | €1,966 | €4,635 | +€2,669 | +135.8% |
| Suppliers | 440/4 | €1,966 | €4,635 | +€2,669 | +135.8% |
| Taxes, remuneration and social security | 45 | €12,689 | €12,704 | +€15 | +0.1% |
| Taxes | 450/3 | €12,689 | €12,704 | +€15 | +0.1% |
| Other amounts payable | 47/48 | €24,174 | €21,112 | -€3,062 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,402 | €9,402 | = | 0.0% |
| Other operating charges | 640/8 | €337 | €413 | +€76 | +22.5% |
| Gross operating margin | 9900 | €13,839 | €6,338 | -€7,501 | -54.2% |
| Operating profit (loss) | 9901 | €4,099 | -€3,477 | -€7,576 | |
| Financial income | 75/76B | €65 | €2 | -€63 | -96.5% |
| Recurring financial income | 75 | €65 | €2 | -€63 | -96.5% |
| Financial charges | 65/66B | €709 | €575 | -€134 | -18.9% |
| Recurring financial charges | 65 | €709 | €575 | -€134 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €3,455 | -€4,050 | -€7,505 | |
| Income taxes | 67/77 | €1,135 | €2,949 | +€1,814 | +159.9% |
| Profit (loss) for the period | 9904 | €2,320 | -€6,999 | -€9,319 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,320 | -€6,999 | -€9,319 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.