TCS CHAUFFAGE: what changed
TCS CHAUFFAGE
Largest movements
- Receivables within one year +€63,095
up €63,095 (+93.4%), from €67,574 to €130,669
of which Other amounts receivable: +€81,891
- Cash -€46,774
down €46,774 (-38.9%), from €120,343 to €73,569
mainly Contributions, distributions and other (-€64,454) and Receivables within one year (-€63,095)
- Tangible fixed assets +€13,470
up €13,470 (+27.0%), from €49,821 to €63,291
of which Furniture and vehicles: +€14,406
- Deferred charges and accrued income +€7,847
up €7,847 (+3,650%), from €215 to €8,062
- Trade debts +€60,355
up €60,355 (+5,781%), from €1,044 to €61,399
- Other debts +€33,173
up €33,173 (+773%), from €4,292 to €37,465
- Reserves -€31,230
down €31,230 (-23.1%), from €135,128 to €103,898
of which Distributable reserves: -€31,230
- Tax, wage and social debts -€20,578
down €20,578 (-31.1%), from €66,090 to €45,512
of which Taxes: -€22,472
- Debts after one year -€5,626
down €5,626 (-36.8%), from €15,297 to €9,671
- Write-downs +€16,780
no longer reported in 2025 (was -€16,780)
- Gross operating margin -€8,076
down €8,076 (-10.1%), from €80,153 to €72,077
- Taxes -€4,327
down €4,327 (-25.0%), from €17,330 to €13,003
- Other operating charges -€1,870
down €1,870 (-35.9%), from €5,211 to €3,341
- Financial income +€1,766
up €1,766 (+96.5%), from €1,830 to €3,596
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,228 | €282,171 | +€36,943 | +15.1% |
| Fixed assets | 21/28 | €53,505 | €66,280 | +€12,775 | +23.9% |
| Intangible fixed assets | 21 | €3,426 | €2,731 | -€695 | -20.3% |
| Tangible fixed assets | 22/27 | €49,821 | €63,291 | +€13,470 | +27.0% |
| Plant, machinery and equipment | 23 | €2,194 | €1,920 | -€274 | -12.5% |
| Furniture and vehicles | 24 | €45,589 | €59,995 | +€14,406 | +31.6% |
| Leasing and similar rights | 25 | - | €1,376 | +€1,376 | |
| Other tangible fixed assets | 26 | €2,038 | - | -€2,038 | |
| Financial fixed assets | 28 | €258 | €258 | = | 0.0% |
| Current assets | 29/58 | €191,723 | €215,891 | +€24,168 | +12.6% |
| Stocks and contracts in progress | 3 | €3,591 | €3,591 | = | 0.0% |
| Stocks | 30/36 | €3,591 | €3,591 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,574 | €130,669 | +€63,095 | +93.4% |
| Trade receivables | 40 | €31,449 | €12,653 | -€18,796 | -59.8% |
| Other amounts receivable | 41 | €36,125 | €118,016 | +€81,891 | +227% |
| Cash at bank and in hand | 54/58 | €120,343 | €73,569 | -€46,774 | -38.9% |
| Deferred charges and accrued income | 490/1 | €215 | €8,062 | +€7,847 | +3,650% |
| Total equity and liabilities | 10/49 | €245,228 | €282,171 | +€36,943 | +15.1% |
| Equity | 10/15 | €153,728 | €122,498 | -€31,230 | -20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,128 | €103,898 | -€31,230 | -23.1% |
| 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 | €133,268 | €102,038 | -€31,230 | -23.4% |
| Amounts payable | 17/49 | €91,500 | €159,673 | +€68,173 | +74.5% |
| Amounts payable after more than one year | 17 | €15,297 | €9,671 | -€5,626 | -36.8% |
| Financial debts | 170/4 | €15,297 | €9,671 | -€5,626 | -36.8% |
| Amounts payable within one year | 42/48 | €76,203 | €150,002 | +€73,799 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | €4,777 | €5,626 | +€849 | +17.8% |
| Trade debts | 44 | €1,044 | €61,399 | +€60,355 | +5,781% |
| Suppliers | 440/4 | €1,044 | €61,399 | +€60,355 | +5,781% |
| Taxes, remuneration and social security | 45 | €66,090 | €45,512 | -€20,578 | -31.1% |
| Taxes | 450/3 | €65,043 | €42,571 | -€22,472 | -34.5% |
| Remuneration and social security | 454/9 | €1,047 | €2,941 | +€1,894 | +181% |
| Other amounts payable | 47/48 | €4,292 | €37,465 | +€33,173 | +773% |
| Remuneration, social security and pensions | 62 | €5,380 | €5,253 | -€127 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,217 | €19,597 | +€1,380 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,780 | - | +€16,780 | |
| Other operating charges | 640/8 | €5,211 | €3,341 | -€1,870 | -35.9% |
| Non-recurring operating charges | 66A | €16,780 | - | -€16,780 | |
| Gross operating margin | 9900 | €80,153 | €72,077 | -€8,076 | -10.1% |
| Operating profit (loss) | 9901 | €51,345 | €43,886 | -€7,459 | -14.5% |
| Financial income | 75/76B | €1,830 | €3,596 | +€1,766 | +96.5% |
| Recurring financial income | 75 | €1,830 | €3,596 | +€1,766 | +96.5% |
| Financial charges | 65/66B | €1,269 | €1,255 | -€14 | -1.1% |
| Recurring financial charges | 65 | €1,269 | €1,255 | -€14 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €51,906 | €46,227 | -€5,679 | -10.9% |
| Income taxes | 67/77 | €17,330 | €13,003 | -€4,327 | -25.0% |
| Profit (loss) for the period | 9904 | €34,576 | €33,224 | -€1,352 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,576 | €33,224 | -€1,352 | -3.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.