TCS Belgium: 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 Belgium
Largest movements
- Cash +€22,629
up €22,629 (+12.3%), from €184,503 to €207,132
mainly Net result for the year (+€15,047) and Depreciation (+€14,999)
- Tangible fixed assets -€14,999
down €14,999 (-2.8%), from €539,333 to €524,334
- Reserves +€15,047
up €15,047 (+11.0%), from €136,985 to €152,032
- Financial income +€3,140
up €3,140 (+873%), from €360 to €3,499
- Gross operating margin -€2,869
down €2,869 (-6.1%), from €46,928 to €44,059
- Taxes +€1,498
up €1,498 (+15.7%), from €9,552 to €11,050
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 | €724,641 | €733,342 | +€8,701 | +1.2% |
| Fixed assets | 21/28 | €539,333 | €524,334 | -€14,999 | -2.8% |
| Tangible fixed assets | 22/27 | €539,333 | €524,334 | -€14,999 | -2.8% |
| Land and buildings | 22 | €539,333 | €524,334 | -€14,999 | -2.8% |
| Current assets | 29/58 | €185,308 | €209,007 | +€23,699 | +12.8% |
| Amounts receivable within one year | 40/41 | €805 | €1,876 | +€1,071 | +133% |
| Trade receivables | 40 | €805 | €1,876 | +€1,071 | +133% |
| Cash at bank and in hand | 54/58 | €184,503 | €207,132 | +€22,629 | +12.3% |
| Total equity and liabilities | 10/49 | €724,641 | €733,342 | +€8,701 | +1.2% |
| Equity | 10/15 | €644,724 | €658,171 | +€13,447 | +2.1% |
| Contributions | 10/11 | €321,200 | €321,200 | = | 0.0% |
| Reserves | 13 | €136,985 | €152,032 | +€15,047 | +11.0% |
| Distributable reserves | 133 | €136,985 | €152,032 | +€15,047 | +11.0% |
| Profit (loss) carried forward | 14 | €186,539 | €184,939 | -€1,600 | -0.9% |
| Amounts payable | 17/49 | €79,917 | €75,171 | -€4,746 | -5.9% |
| Amounts payable after more than one year | 17 | €43,280 | €40,000 | -€3,280 | -7.6% |
| Financial debts | 170/4 | €43,280 | €40,000 | -€3,280 | -7.6% |
| Amounts payable within one year | 42/48 | €33,887 | €32,721 | -€1,166 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | - | €170 | +€170 | |
| Trade debts | 44 | €17,053 | €12,267 | -€4,785 | -28.1% |
| Suppliers | 440/4 | €17,053 | €12,267 | -€4,785 | -28.1% |
| Taxes, remuneration and social security | 45 | €1,056 | €3,454 | +€2,398 | +227% |
| Taxes | 450/3 | €1,056 | €1,683 | +€627 | +59.4% |
| Remuneration and social security | 454/9 | - | €1,771 | +€1,771 | |
| Other amounts payable | 47/48 | €15,778 | €16,830 | +€1,051 | +6.7% |
| Accrued charges and deferred income | 492/3 | €2,750 | €2,450 | -€300 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,999 | €14,999 | = | 0.0% |
| Other operating charges | 640/8 | €3,604 | €3,561 | -€43 | -1.2% |
| Gross operating margin | 9900 | €46,928 | €44,059 | -€2,869 | -6.1% |
| Operating profit (loss) | 9901 | €28,326 | €25,499 | -€2,826 | -10.0% |
| Financial income | 75/76B | €360 | €3,499 | +€3,140 | +873% |
| Recurring financial income | 75 | €360 | €3,499 | +€3,140 | +873% |
| Financial charges | 65/66B | €3,340 | €2,902 | -€437 | -13.1% |
| Recurring financial charges | 65 | €3,340 | €2,902 | -€437 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €25,346 | €26,097 | +€751 | +3.0% |
| Income taxes | 67/77 | €9,552 | €11,050 | +€1,498 | +15.7% |
| Profit (loss) for the period | 9904 | €15,794 | €15,047 | -€747 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,794 | €15,047 | -€747 | -4.7% |
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 1 November 2026 via checked.be.