TCS-AOE: 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.
TCS-AOE
Largest movements
- Receivables within one year +€12,144
up €12,144 (+44.7%), from €27,170 to €39,314
of which Trade receivables: +€12,145
- Cash -€8,099
down €8,099 (-16.2%), from €50,074 to €41,976
mainly Receivables within one year (-€12,144) and Trade debts (-€7,047)
- Tangible fixed assets -€5,743
down €5,743 (-48.1%), from €11,937 to €6,194
of which Plant, machinery and equipment: -€3,080
- Trade debts -€7,047
no longer reported in 2025 (was €7,047)
- Profit (loss) carried forward +€4,778
new in 2025: €4,778
- Tax, wage and social debts -€3,626
down €3,626 (-38.4%), from €9,437 to €5,811
- Other debts +€3,117
up €3,117 (+20.2%), from €15,438 to €18,555
- Gross operating margin +€1,314
up €1,314 (+8.1%), from €16,282 to €17,596
- Depreciation -€868
down €868 (-13.1%), from €6,611 to €5,743
- Taxes +€829
up €829 (+43.0%), from €1,928 to €2,757
- Financial charges +€375
up €375 (+11.8%), from €3,174 to €3,549
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 | €89,596 | €87,484 | -€2,112 | -2.4% |
| Fixed assets | 21/28 | €11,937 | €6,194 | -€5,743 | -48.1% |
| Tangible fixed assets | 22/27 | €11,937 | €6,194 | -€5,743 | -48.1% |
| Plant, machinery and equipment | 23 | €4,371 | €1,291 | -€3,080 | -70.5% |
| Furniture and vehicles | 24 | €7,567 | €4,903 | -€2,663 | -35.2% |
| Current assets | 29/58 | €77,658 | €81,290 | +€3,632 | +4.7% |
| Amounts receivable within one year | 40/41 | €27,170 | €39,314 | +€12,144 | +44.7% |
| Trade receivables | 40 | €27,169 | €39,314 | +€12,145 | +44.7% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €50,074 | €41,976 | -€8,099 | -16.2% |
| Deferred charges and accrued income | 490/1 | €413 | - | -€413 | |
| Total equity and liabilities | 10/49 | €89,596 | €87,484 | -€2,112 | -2.4% |
| Equity | 10/15 | €57,674 | €62,452 | +€4,778 | +8.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,674 | €54,674 | = | 0.0% |
| Distributable reserves | 133 | €54,674 | €54,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,778 | +€4,778 | |
| Amounts payable | 17/49 | €31,921 | €25,032 | -€6,890 | -21.6% |
| Amounts payable within one year | 42/48 | €31,921 | €24,365 | -€7,556 | -23.7% |
| Trade debts | 44 | €7,047 | - | -€7,047 | |
| Suppliers | 440/4 | €7,047 | - | -€7,047 | |
| Taxes, remuneration and social security | 45 | €9,437 | €5,811 | -€3,626 | -38.4% |
| Taxes | 450/3 | €9,437 | €5,811 | -€3,626 | -38.4% |
| Other amounts payable | 47/48 | €15,438 | €18,555 | +€3,117 | +20.2% |
| Accrued charges and deferred income | 492/3 | - | €666 | +€666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,611 | €5,743 | -€868 | -13.1% |
| Other operating charges | 640/8 | €771 | €823 | +€52 | +6.8% |
| Gross operating margin | 9900 | €16,282 | €17,596 | +€1,314 | +8.1% |
| Operating profit (loss) | 9901 | €8,900 | €11,030 | +€2,130 | +23.9% |
| Financial income | 75/76B | €1 | €54 | +€53 | +3,799% |
| Recurring financial income | 75 | €1 | €54 | +€53 | +3,799% |
| Financial charges | 65/66B | €3,174 | €3,549 | +€375 | +11.8% |
| Recurring financial charges | 65 | €3,174 | €3,549 | +€375 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €5,728 | €7,535 | +€1,807 | +31.6% |
| Income taxes | 67/77 | €1,928 | €2,757 | +€829 | +43.0% |
| Profit (loss) for the period | 9904 | €3,800 | €4,778 | +€978 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,800 | €4,778 | +€978 | +25.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.