TCO CUSTOMS: 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.
TCO CUSTOMS
Largest movements
- Cash +€38,282
up €38,282 (+60.4%), from €63,387 to €101,669
mainly Trade debts (+€43,737) and Net result for the year (+€35,678)
- Receivables within one year +€31,305
up €31,305 (+60.5%), from €51,710 to €83,014
of which Trade receivables: +€31,305
- Tangible fixed assets -€22,132
down €22,132 (-28.4%), from €77,934 to €55,802
of which Furniture and vehicles: -€14,400
- Deferred charges and accrued income -€5,788
down €5,788 (-30.6%), from €18,932 to €13,144
- Trade debts +€43,737
up €43,737 (+193%), from €22,715 to €66,452
- Reserves +€35,678
up €35,678 (+52.4%), from €68,071 to €103,748
- Tax, wage and social debts -€12,039
down €12,039 (-60.0%), from €20,070 to €8,030
- Debts after one year -€9,594
down €9,594 (-100%), from €9,594 to €0
- Current portion of long-term debt -€9,195
down €9,195 (-44.0%), from €20,914 to €11,719
- Gross operating margin +€13,331
up €13,331 (+21.4%), from €62,195 to €75,527
- Depreciation +€7,430
up €7,430 (+67.6%), from €10,992 to €18,422
- Other operating charges +€6,487
up €6,487 (+365%), from €1,778 to €8,265
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 | €217,512 | €259,180 | +€41,667 | +19.2% |
| Fixed assets | 21/28 | €83,484 | €61,352 | -€22,132 | -26.5% |
| Tangible fixed assets | 22/27 | €77,934 | €55,802 | -€22,132 | -28.4% |
| Plant, machinery and equipment | 23 | €12,229 | €4,497 | -€7,732 | -63.2% |
| Furniture and vehicles | 24 | €65,705 | €51,305 | -€14,400 | -21.9% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €134,029 | €197,828 | +€63,799 | +47.6% |
| Amounts receivable within one year | 40/41 | €51,710 | €83,014 | +€31,305 | +60.5% |
| Trade receivables | 40 | €51,710 | €83,014 | +€31,305 | +60.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €63,387 | €101,669 | +€38,282 | +60.4% |
| Deferred charges and accrued income | 490/1 | €18,932 | €13,144 | -€5,788 | -30.6% |
| Total equity and liabilities | 10/49 | €217,512 | €259,180 | +€41,667 | +19.2% |
| Equity | 10/15 | €71,571 | €107,248 | +€35,678 | +49.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €68,071 | €103,748 | +€35,678 | +52.4% |
| Distributable reserves | 133 | €68,071 | €103,748 | +€35,678 | +52.4% |
| Amounts payable | 17/49 | €145,942 | €151,932 | +€5,990 | +4.1% |
| Amounts payable after more than one year | 17 | €9,594 | €0 | -€9,594 | -100% |
| Financial debts | 170/4 | €9,594 | €0 | -€9,594 | -100% |
| Amounts payable within one year | 42/48 | €135,758 | €151,528 | +€15,770 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €20,914 | €11,719 | -€9,195 | -44.0% |
| Trade debts | 44 | €22,715 | €66,452 | +€43,737 | +193% |
| Suppliers | 440/4 | €22,715 | €66,452 | +€43,737 | +193% |
| Taxes, remuneration and social security | 45 | €20,070 | €8,030 | -€12,039 | -60.0% |
| Taxes | 450/3 | €20,070 | €8,030 | -€12,039 | -60.0% |
| Other amounts payable | 47/48 | €72,059 | €65,326 | -€6,733 | -9.3% |
| Accrued charges and deferred income | 492/3 | €589 | €403 | -€186 | -31.5% |
| Non-recurring operating income | 76A | €1,871 | €0 | -€1,871 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,992 | €18,422 | +€7,430 | +67.6% |
| Other operating charges | 640/8 | €1,778 | €8,265 | +€6,487 | +365% |
| Non-recurring operating charges | 66A | €250 | €0 | -€250 | -100% |
| Gross operating margin | 9900 | €62,195 | €75,527 | +€13,331 | +21.4% |
| Operating profit (loss) | 9901 | €49,175 | €48,839 | -€336 | -0.7% |
| Financial income | 75/76B | €3 | €111 | +€107 | +3,536% |
| Recurring financial income | 75 | €3 | €111 | +€107 | +3,536% |
| Financial charges | 65/66B | €3,265 | €3,395 | +€130 | +4.0% |
| Recurring financial charges | 65 | €3,265 | €3,395 | +€130 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €45,913 | €45,555 | -€359 | -0.8% |
| Income taxes | 67/77 | €9,621 | €9,877 | +€256 | +2.7% |
| Profit (loss) for the period | 9904 | €36,293 | €35,678 | -€615 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,293 | €35,678 | -€615 | -1.7% |
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 30 October 2026 via checked.be.