TCNC: 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.
TCNC
Largest movements
- Tangible fixed assets +€40,836
up €40,836 (+110.6%), from €36,933 to €77,768
of which Plant, machinery and equipment: +€45,640
- Receivables within one year +€5,546
up €5,546 (+95.7%), from €5,795 to €11,342
of which Other amounts receivable: +€9,674
- Deferred charges and accrued income +€1,853
up €1,853 (+724.8%), from €256 to €2,109
- Trade debts +€55,647
up €55,647 (+4513.8%), from €1,233 to €56,880
- Other debts -€14,994
down €14,994 (-31.6%), from €47,516 to €32,522
- Profit (loss) carried forward +€4,869
up €4,869 (+94.4%), from -€5,158 to -€290
- Tax, wage and social debts +€2,403
up €2,403 (+268.5%), from €895 to €3,298
- Gross operating margin -€6,493
down €6,493 (-23.0%), from €28,230 to €21,737
- Depreciation -€3,200
down €3,200 (-21.3%), from €14,990 to €11,790
- Taxes +€1,508
up €1,508 (+168.5%), from €895 to €2,403
- Financial charges -€396
down €396 (-40.8%), from €971 to €575
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 | €50,916 | €98,841 | +€47,925 | +94.1% |
| Fixed assets | 21/28 | €37,763 | €78,598 | +€40,836 | +108.1% |
| Tangible fixed assets | 22/27 | €36,933 | €77,768 | +€40,836 | +110.6% |
| Plant, machinery and equipment | 23 | €3,001 | €48,641 | +€45,640 | +1520.9% |
| Furniture and vehicles | 24 | €11,579 | €9,702 | -€1,877 | -16.2% |
| Other tangible fixed assets | 26 | €22,353 | €19,426 | -€2,927 | -13.1% |
| Financial fixed assets | 28 | €830 | €830 | = | 0.0% |
| Current assets | 29/58 | €13,153 | €20,243 | +€7,090 | +53.9% |
| Amounts receivable within one year | 40/41 | €5,795 | €11,342 | +€5,546 | +95.7% |
| Trade receivables | 40 | €4,400 | €272 | -€4,128 | -93.8% |
| Other amounts receivable | 41 | €1,395 | €11,070 | +€9,674 | +693.3% |
| Cash at bank and in hand | 54/58 | €7,102 | €6,792 | -€310 | -4.4% |
| Deferred charges and accrued income | 490/1 | €256 | €2,109 | +€1,853 | +724.8% |
| Total equity and liabilities | 10/49 | €50,916 | €98,841 | +€47,925 | +94.1% |
| Equity | 10/15 | €1,273 | €6,141 | +€4,869 | +382.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,431 | €1,431 | = | 0.0% |
| Distributable reserves | 133 | €1,431 | €1,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,158 | -€290 | +€4,869 | +94.4% |
| Amounts payable | 17/49 | €49,643 | €92,699 | +€43,056 | +86.7% |
| Amounts payable within one year | 42/48 | €49,643 | €92,699 | +€43,056 | +86.7% |
| Trade debts | 44 | €1,233 | €56,880 | +€55,647 | +4513.8% |
| Suppliers | 440/4 | €1,233 | €56,880 | +€55,647 | +4513.8% |
| Taxes, remuneration and social security | 45 | €895 | €3,298 | +€2,403 | +268.5% |
| Taxes | 450/3 | €895 | €3,298 | +€2,403 | +268.5% |
| Other amounts payable | 47/48 | €47,516 | €32,522 | -€14,994 | -31.6% |
| Non-recurring operating income | 76A | €193 | - | -€193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,990 | €11,790 | -€3,200 | -21.3% |
| Other operating charges | 640/8 | €2,116 | €2,100 | -€16 | -0.7% |
| Gross operating margin | 9900 | €28,230 | €21,737 | -€6,493 | -23.0% |
| Operating profit (loss) | 9901 | €11,125 | €7,847 | -€3,278 | -29.5% |
| Financial charges | 65/66B | €971 | €575 | -€396 | -40.8% |
| Recurring financial charges | 65 | €971 | €575 | -€396 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €10,153 | €7,272 | -€2,882 | -28.4% |
| Income taxes | 67/77 | €895 | €2,403 | +€1,508 | +168.5% |
| Profit (loss) for the period | 9904 | €9,258 | €4,869 | -€4,390 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,258 | €4,869 | -€4,390 | -47.4% |
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 6 October 2026 via checked.be.