TCS: 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.
TCS
Largest movements
- Cash -€18,530
down €18,530 (-99.1%), from €18,701 to €171
mainly Tax, wage and social debts (-€21,506) and Net result for the year (-€15,860)
- Receivables within one year -€12,467
down €12,467 (-27.2%), from €45,891 to €33,424
of which Other amounts receivable: -€16,487
- Tangible fixed assets -€1,774
down €1,774 (-31.1%), from €5,708 to €3,934
of which Furniture and vehicles: -€1,342
- Tax, wage and social debts -€21,506
down €21,506 (-95.7%), from €22,471 to €965
- Profit (loss) carried forward -€15,860
down €15,860 (-909.9%), from -€1,743 to -€17,603
- Accrued charges and deferred income +€3,777
new in 2025: €3,777
- Gross operating margin +€28,663
up €28,663 (+72.1%), from -€39,752 to -€11,089
- Other operating charges -€1,846
down €1,846 (-48.5%), from €3,806 to €1,960
- Financial charges -€711
down €711 (-61.1%), from €1,164 to €452
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 | €74,302 | €40,836 | -€33,466 | -45.0% |
| Fixed assets | 21/28 | €9,015 | €7,241 | -€1,774 | -19.7% |
| Tangible fixed assets | 22/27 | €5,708 | €3,934 | -€1,774 | -31.1% |
| Plant, machinery and equipment | 23 | €673 | €240 | -€433 | -64.3% |
| Furniture and vehicles | 24 | €5,036 | €3,694 | -€1,342 | -26.6% |
| Financial fixed assets | 28 | €3,307 | €3,307 | = | 0.0% |
| Current assets | 29/58 | €65,287 | €33,595 | -€31,692 | -48.5% |
| Amounts receivable within one year | 40/41 | €45,891 | €33,424 | -€12,467 | -27.2% |
| Trade receivables | 40 | €68 | €4,089 | +€4,021 | +5920.7% |
| Other amounts receivable | 41 | €45,823 | €29,336 | -€16,487 | -36.0% |
| Cash at bank and in hand | 54/58 | €18,701 | €171 | -€18,530 | -99.1% |
| Deferred charges and accrued income | 490/1 | €695 | - | -€695 | |
| Total equity and liabilities | 10/49 | €74,302 | €40,836 | -€33,466 | -45.0% |
| Equity | 10/15 | €51,638 | €35,778 | -€15,860 | -30.7% |
| Reserves | 13 | €53,381 | €53,381 | = | 0.0% |
| Distributable reserves | 133 | €53,381 | €53,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,743 | -€17,603 | -€15,860 | -909.9% |
| Amounts payable | 17/49 | €22,664 | €5,058 | -€17,606 | -77.7% |
| Amounts payable within one year | 42/48 | €22,664 | €1,281 | -€21,383 | -94.3% |
| Trade debts | 44 | €193 | €316 | +€123 | +63.9% |
| Suppliers | 440/4 | €193 | €316 | +€123 | +63.9% |
| Taxes, remuneration and social security | 45 | €22,471 | €965 | -€21,506 | -95.7% |
| Taxes | 450/3 | €22,471 | €965 | -€21,506 | -95.7% |
| Accrued charges and deferred income | 492/3 | - | €3,777 | +€3,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,448 | €1,774 | +€326 | +22.5% |
| Other operating charges | 640/8 | €3,806 | €1,960 | -€1,846 | -48.5% |
| Gross operating margin | 9900 | -€39,752 | -€11,089 | +€28,663 | +72.1% |
| Operating profit (loss) | 9901 | -€45,007 | -€14,823 | +€30,184 | +67.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,164 | €452 | -€711 | -61.1% |
| Recurring financial charges | 65 | €1,164 | €452 | -€711 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,170 | -€15,275 | +€30,895 | +66.9% |
| Income taxes | 67/77 | €381 | €585 | +€204 | +53.5% |
| Profit (loss) for the period | 9904 | -€46,551 | -€15,860 | +€30,691 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,551 | -€15,860 | +€30,691 | +65.9% |
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 8 October 2026 via checked.be.