TCP ADVISORY: 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.
TCP ADVISORY
Largest movements
- Receivables within one year +€18,418
up €18,418 (+53.5%), from €34,405 to €52,823
of which Trade receivables: +€10,087
- Tangible fixed assets -€13,693
down €13,693 (-54.9%), from €24,933 to €11,240
- Deferred charges and accrued income +€8,006
up €8,006 (+75.0%), from €10,671 to €18,678
- Cash +€2,991
up €2,991 (+7.2%), from €41,749 to €44,740
mainly Net result for the year (+€42,717) and Depreciation (+€13,693)
- Other debts +€13,500
up €13,500 (+47.4%), from €28,500 to €42,000
- Trade debts +€8,904
up €8,904 (+23.2%), from €38,429 to €47,333
- Tax, wage and social debts -€7,398
down €7,398 (-20.2%), from €36,669 to €29,271
of which Remuneration and social security: -€7,549
- Gross operating margin -€122,543
down €122,543 (-38.1%), from €321,288 to €198,745
- Staff costs -€82,022
down €82,022 (-40.1%), from €204,788 to €122,765
- Taxes -€37,402
down €37,402 (-68.1%), from €54,920 to €17,518
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 | €123,757 | €139,480 | +€15,723 | +12.7% |
| Fixed assets | 21/28 | €36,933 | €23,240 | -€13,693 | -37.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €24,933 | €11,240 | -€13,693 | -54.9% |
| Furniture and vehicles | 24 | €24,933 | €11,240 | -€13,693 | -54.9% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €86,825 | €116,240 | +€29,416 | +33.9% |
| Amounts receivable within one year | 40/41 | €34,405 | €52,823 | +€18,418 | +53.5% |
| Trade receivables | 40 | €34,405 | €44,492 | +€10,087 | +29.3% |
| Other amounts receivable | 41 | €0 | €8,331 | +€8,331 | |
| Cash at bank and in hand | 54/58 | €41,749 | €44,740 | +€2,991 | +7.2% |
| Deferred charges and accrued income | 490/1 | €10,671 | €18,678 | +€8,006 | +75.0% |
| Total equity and liabilities | 10/49 | €123,757 | €139,480 | +€15,723 | +12.7% |
| Equity | 10/15 | €20,160 | €20,877 | +€717 | +3.6% |
| Contributions | 10/11 | €2,220 | €2,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,940 | €18,657 | +€717 | +4.0% |
| Amounts payable | 17/49 | €103,598 | €118,604 | +€15,006 | +14.5% |
| Amounts payable within one year | 42/48 | €103,598 | €118,604 | +€15,006 | +14.5% |
| Trade debts | 44 | €38,429 | €47,333 | +€8,904 | +23.2% |
| Suppliers | 440/4 | €38,429 | €47,333 | +€8,904 | +23.2% |
| Taxes, remuneration and social security | 45 | €36,669 | €29,271 | -€7,398 | -20.2% |
| Taxes | 450/3 | €8,761 | €8,912 | +€151 | +1.7% |
| Remuneration and social security | 454/9 | €27,908 | €20,359 | -€7,549 | -27.0% |
| Other amounts payable | 47/48 | €28,500 | €42,000 | +€13,500 | +47.4% |
| Remuneration, social security and pensions | 62 | €204,788 | €122,765 | -€82,022 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,243 | €13,693 | -€550 | -3.9% |
| Other operating charges | 640/8 | €2,177 | €1,440 | -€736 | -33.8% |
| Non-recurring operating charges | 66A | €2,209 | €0 | -€2,209 | -100% |
| Gross operating margin | 9900 | €321,288 | €198,745 | -€122,543 | -38.1% |
| Operating profit (loss) | 9901 | €97,871 | €60,847 | -€37,025 | -37.8% |
| Financial income | 75/76B | €0 | €30 | +€30 | |
| Recurring financial income | 75 | €0 | €30 | +€30 | |
| Financial charges | 65/66B | €552 | €642 | +€90 | +16.3% |
| Recurring financial charges | 65 | €552 | €642 | +€90 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €97,320 | €60,235 | -€37,085 | -38.1% |
| Income taxes | 67/77 | €54,920 | €17,518 | -€37,402 | -68.1% |
| Profit (loss) for the period | 9904 | €42,400 | €42,717 | +€317 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,400 | €42,717 | +€317 | +0.7% |
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 14 October 2026 via checked.be.