TCRsquare: 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.
TCRsquare
Largest movements
- Tangible fixed assets -€13,351
down €13,351 (-27.1%), from €49,255 to €35,904
of which Furniture and vehicles: -€12,086
- Receivables within one year -€9,420
down €9,420 (-36.7%), from €25,669 to €16,249
of which Trade receivables: -€6,984
- Cash -€2,050
down €2,050 (-5.3%), from €38,597 to €36,546
mainly Contributions, distributions and other (-€34,058) and Net result for the year (-€25,208)
- Reserves -€34,058
down €34,058 (-44.9%), from €75,918 to €41,860
of which Distributable reserves: -€34,058
- Debts after one year +€29,700
up €29,700 (+98.3%), from €30,217 to €59,917
- Profit (loss) carried forward -€25,208
down €25,208 (-69.0%), from -€36,522 to -€61,730
- Other debts +€17,298
up €17,298 (+215%), from €8,031 to €25,329
- Tax, wage and social debts -€5,919
down €5,919 (-38.5%), from €15,378 to €9,459
- Gross operating margin -€66,286
down €66,286, from €56,521 to -€9,766
- Taxes -€9,118
down €9,118 (-98.7%), from €9,242 to €124
- Financial charges +€911
up €911 (+155%), from €587 to €1,497
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 | €114,356 | €88,699 | -€25,657 | -22.4% |
| Fixed assets | 21/28 | €49,305 | €35,904 | -€13,401 | -27.2% |
| Tangible fixed assets | 22/27 | €49,255 | €35,904 | -€13,351 | -27.1% |
| Plant, machinery and equipment | 23 | €1,705 | €440 | -€1,265 | -74.2% |
| Furniture and vehicles | 24 | €47,550 | €35,464 | -€12,086 | -25.4% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100% |
| Current assets | 29/58 | €65,051 | €52,795 | -€12,256 | -18.8% |
| Amounts receivable within one year | 40/41 | €25,669 | €16,249 | -€9,420 | -36.7% |
| Trade receivables | 40 | €20,444 | €13,460 | -€6,984 | -34.2% |
| Other amounts receivable | 41 | €5,225 | €2,790 | -€2,435 | -46.6% |
| Cash at bank and in hand | 54/58 | €38,597 | €36,546 | -€2,050 | -5.3% |
| Deferred charges and accrued income | 490/1 | €786 | €0 | -€786 | -100% |
| Total equity and liabilities | 10/49 | €114,356 | €88,699 | -€25,657 | -22.4% |
| Equity | 10/15 | €51,796 | -€7,470 | -€59,266 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €75,918 | €41,860 | -€34,058 | -44.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,058 | €40,000 | -€34,058 | -46.0% |
| Profit (loss) carried forward | 14 | -€36,522 | -€61,730 | -€25,208 | -69.0% |
| Amounts payable | 17/49 | €62,560 | €96,169 | +€33,609 | +53.7% |
| Amounts payable after more than one year | 17 | €30,217 | €59,917 | +€29,700 | +98.3% |
| Financial debts | 170/4 | €30,217 | €59,917 | +€29,700 | +98.3% |
| Amounts payable within one year | 42/48 | €31,093 | €35,003 | +€3,909 | +12.6% |
| Financial debts | 43 | €2,760 | €0 | -€2,760 | -100% |
| Credit institutions | 430/8 | €2,760 | €0 | -€2,760 | -100% |
| Trade debts | 44 | €4,925 | €215 | -€4,710 | -95.6% |
| Suppliers | 440/4 | €4,925 | €215 | -€4,710 | -95.6% |
| Taxes, remuneration and social security | 45 | €15,378 | €9,459 | -€5,919 | -38.5% |
| Taxes | 450/3 | €15,378 | €9,459 | -€5,919 | -38.5% |
| Other amounts payable | 47/48 | €8,031 | €25,329 | +€17,298 | +215% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €15 | €0 | -€15 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,799 | €13,351 | -€448 | -3.2% |
| Other operating charges | 640/8 | €601 | €471 | -€131 | -21.7% |
| Gross operating margin | 9900 | €56,521 | -€9,766 | -€66,286 | |
| Operating profit (loss) | 9901 | €42,120 | -€23,588 | -€65,708 | |
| Financial income | 75/76B | €50 | €1 | -€49 | -98.0% |
| Recurring financial income | 75 | €50 | €1 | -€49 | -98.0% |
| Financial charges | 65/66B | €587 | €1,497 | +€911 | +155% |
| Recurring financial charges | 65 | €587 | €1,497 | +€911 | +155% |
| Profit (loss) for the period before taxes | 9903 | €41,584 | -€25,084 | -€66,668 | |
| Income taxes | 67/77 | €9,242 | €124 | -€9,118 | -98.7% |
| Profit (loss) for the period | 9904 | €32,342 | -€25,208 | -€57,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,342 | -€25,208 | -€57,550 |
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 26 October 2026 via checked.be.