TCNET: 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.
TCNET
Largest movements
- Receivables within one year -€285,353
down €285,353 (-82.9%), from €344,033 to €58,680
of which Other amounts receivable: -€280,601
- Tangible fixed assets +€43,596
up €43,596 (+34.6%), from €125,955 to €169,551
- Profit (loss) carried forward -€113,471
down €113,471 (-37.2%), from €305,143 to €191,673
- Debts after one year -€98,815
no longer reported in 2025 (was €98,815)
- Other debts -€45,000
down €45,000 (-72.6%), from €62,000 to €17,000
- Short-term financial debts +€19,999
new in 2025: €19,999
- Provisions -€9,000
no longer reported in 2025 (was €9,000)
- Gross operating margin -€139,633
down €139,633, from €124,127 to -€15,505
- Staff costs +€19,183
up €19,183 (+25.0%), from €76,857 to €96,041
- Financial income -€10,556
down €10,556 (-52.7%), from €20,028 to €9,472
- Depreciation -€10,318
down €10,318 (-82.8%), from €12,468 to €2,150
- Other operating charges +€7,521
up €7,521 (+436%), from €1,725 to €9,246
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 | €483,018 | €236,731 | -€246,286 | -51.0% |
| Fixed assets | 21/28 | €125,955 | €169,551 | +€43,596 | +34.6% |
| Tangible fixed assets | 22/27 | €125,955 | €169,551 | +€43,596 | +34.6% |
| Furniture and vehicles | 24 | €125,955 | €169,551 | +€43,596 | +34.6% |
| Current assets | 29/58 | €357,063 | €67,180 | -€289,883 | -81.2% |
| Amounts receivable within one year | 40/41 | €344,033 | €58,680 | -€285,353 | -82.9% |
| Trade receivables | 40 | €4,752 | - | -€4,752 | |
| Other amounts receivable | 41 | €339,281 | €58,680 | -€280,601 | -82.7% |
| Cash at bank and in hand | 54/58 | €13,030 | €8,500 | -€4,530 | -34.8% |
| Total equity and liabilities | 10/49 | €483,018 | €236,731 | -€246,286 | -51.0% |
| Equity | 10/15 | €313,203 | €199,733 | -€113,471 | -36.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €305,143 | €191,673 | -€113,471 | -37.2% |
| Provisions and deferred taxes | 16 | €9,000 | - | -€9,000 | |
| Provisions for liabilities and charges | 160/5 | €9,000 | - | -€9,000 | |
| Environmental obligations | 163 | €9,000 | - | -€9,000 | |
| Amounts payable | 17/49 | €160,815 | €36,999 | -€123,816 | -77.0% |
| Amounts payable after more than one year | 17 | €98,815 | - | -€98,815 | |
| Other amounts payable | 178/9 | €98,815 | - | -€98,815 | |
| Amounts payable within one year | 42/48 | €62,000 | €36,999 | -€25,001 | -40.3% |
| Financial debts | 43 | - | €19,999 | +€19,999 | |
| Credit institutions | 430/8 | - | €19,999 | +€19,999 | |
| Other amounts payable | 47/48 | €62,000 | €17,000 | -€45,000 | -72.6% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €76,857 | €96,041 | +€19,183 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,468 | €2,150 | -€10,318 | -82.8% |
| Other operating charges | 640/8 | €1,725 | €9,246 | +€7,521 | +436% |
| Gross operating margin | 9900 | €124,127 | -€15,505 | -€139,633 | |
| Operating profit (loss) | 9901 | €33,076 | -€122,942 | -€156,019 | |
| Financial income | 75/76B | €20,028 | €9,472 | -€10,556 | -52.7% |
| Recurring financial income | 75 | €20,028 | €9,472 | -€10,556 | -52.7% |
| Financial charges | 65/66B | €281 | - | -€281 | |
| Recurring financial charges | 65 | €281 | - | -€281 | |
| Profit (loss) for the period before taxes | 9903 | €52,823 | -€113,471 | -€166,294 | |
| Profit (loss) for the period | 9904 | €52,823 | -€113,471 | -€166,294 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,823 | -€113,471 | -€166,294 |
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 20 October 2026 via checked.be.