TCM GROUP: 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.
TCM GROUP
Largest movements
- Receivables within one year +€3.2m
up €3.2m (+2,100%), from €152,872 to €3.4m
of which Trade receivables: +€3.2m
- Cash -€68,034
down €68,034 (-13.1%), from €520,663 to €452,630
mainly Receivables within one year (-€3.2m) and Investment in fixed assets (net) (-€58,786)
- Tangible fixed assets +€47,158
new in 2025: €47,158
- Trade debts +€2.9m
up €2.9m (+9,926%), from €29,538 to €3.0m
- Reserves +€195,000
up €195,000 (+133%), from €146,860 to €341,860
of which Tax-exempt reserves: +€340,000
- Tax, wage and social debts +€59,935
up €59,935 (+157%), from €38,065 to €98,000
- Gross operating margin +€207,324
up €207,324 (+198%), from €104,551 to €311,875
- Taxes +€63,189
up €63,189 (+181%), from €34,833 to €98,022
- Depreciation +€11,628
new in 2025: €11,628
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 | €673,536 | €3,862,401 | +€3.2m | +473% |
| Fixed assets | 21/28 | - | €47,158 | +€47,158 | |
| Tangible fixed assets | 22/27 | - | €47,158 | +€47,158 | |
| Furniture and vehicles | 24 | - | €47,158 | +€47,158 | |
| Current assets | 29/58 | €673,536 | €3,815,243 | +€3.1m | +466% |
| Amounts receivable within one year | 40/41 | €152,872 | €3,362,613 | +€3.2m | +2,100% |
| Trade receivables | 40 | €58,330 | €3,218,116 | +€3.2m | +5,417% |
| Other amounts receivable | 41 | €94,542 | €144,498 | +€49,955 | +52.8% |
| Cash at bank and in hand | 54/58 | €520,663 | €452,630 | -€68,034 | -13.1% |
| Total equity and liabilities | 10/49 | €673,536 | €3,862,401 | +€3.2m | +473% |
| Equity | 10/15 | €604,680 | €802,959 | +€198,279 | +32.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €146,860 | €341,860 | +€195,000 | +133% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €340,000 | +€340,000 | |
| Distributable reserves | 133 | €145,000 | - | -€145,000 | |
| Profit (loss) carried forward | 14 | €445,420 | €448,699 | +€3,279 | +0.7% |
| Amounts payable | 17/49 | €68,856 | €3,059,442 | +€3.0m | +4,343% |
| Amounts payable within one year | 42/48 | €68,214 | €3,059,442 | +€3.0m | +4,385% |
| Trade debts | 44 | €29,538 | €2,961,442 | +€2.9m | +9,926% |
| Suppliers | 440/4 | €29,538 | €2,961,442 | +€2.9m | +9,926% |
| Taxes, remuneration and social security | 45 | €38,065 | €98,000 | +€59,935 | +157% |
| Taxes | 450/3 | €38,065 | €98,000 | +€59,935 | +157% |
| Other amounts payable | 47/48 | €611 | - | -€611 | |
| Accrued charges and deferred income | 492/3 | €642 | - | -€642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,628 | +€11,628 | |
| Other operating charges | 640/8 | €654 | €986 | +€333 | +50.9% |
| Gross operating margin | 9900 | €104,551 | €311,875 | +€207,324 | +198% |
| Operating profit (loss) | 9901 | €103,897 | €299,260 | +€195,363 | +188% |
| Financial income | 75/76B | €0 | €0 | +€0 | +86.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +86.4% |
| Financial charges | 65/66B | €2,682 | €2,960 | +€278 | +10.4% |
| Recurring financial charges | 65 | €2,682 | €2,960 | +€278 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €101,216 | €296,301 | +€195,085 | +193% |
| Income taxes | 67/77 | €34,833 | €98,022 | +€63,189 | +181% |
| Profit (loss) for the period | 9904 | €66,383 | €198,279 | +€131,896 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €66,383 | €198,279 | +€131,896 | +199% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.