TCS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€67,515
down €67,515 (-27.1%), from €249,044 to €181,529
mainly Contributions, distributions and other (-€200,000) and Receivables within one year (-€2,572)
- Profit (loss) carried forward -€157,763
down €157,763 (-33.6%), from €469,062 to €311,299
- Other debts +€81,675
up €81,675 (+86.6%), from €94,361 to €176,036
- Financial income -€60,232
down €60,232 (-56.4%), from €106,704 to €46,472
- Financial charges +€5,627
up €5,627 (+119%), from €4,718 to €10,345
- Gross operating margin +€2,269
up €2,269 (+30.1%), from €7,538 to €9,806
- Taxes -€490
down €490 (-69.3%), from €707 to €217
- Other operating charges -€379
down €379 (-35.3%), from €1,073 to €695
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 | €601,491 | €534,992 | -€66,499 | -11.1% |
| Fixed assets | 21/28 | €341,979 | €340,350 | -€1,630 | -0.5% |
| Tangible fixed assets | 22/27 | €37,854 | €36,225 | -€1,630 | -4.3% |
| Land and buildings | 22 | €37,854 | €36,225 | -€1,630 | -4.3% |
| Financial fixed assets | 28 | €304,125 | €304,125 | = | 0.0% |
| Current assets | 29/58 | €259,512 | €194,642 | -€64,869 | -25.0% |
| Amounts receivable within one year | 40/41 | €10,293 | €12,865 | +€2,572 | +25.0% |
| Trade receivables | 40 | €10,000 | €11,575 | +€1,575 | +15.8% |
| Other amounts receivable | 41 | €293 | €1,290 | +€997 | +340% |
| Cash at bank and in hand | 54/58 | €249,044 | €181,529 | -€67,515 | -27.1% |
| Deferred charges and accrued income | 490/1 | €175 | €248 | +€73 | +41.9% |
| Total equity and liabilities | 10/49 | €601,491 | €534,992 | -€66,499 | -11.1% |
| Equity | 10/15 | €502,062 | €344,299 | -€157,763 | -31.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €469,062 | €311,299 | -€157,763 | -33.6% |
| Amounts payable | 17/49 | €99,429 | €190,693 | +€91,264 | +91.8% |
| Amounts payable within one year | 42/48 | €96,054 | €181,344 | +€85,290 | +88.8% |
| Trade debts | 44 | €793 | €1,833 | +€1,040 | +131% |
| Suppliers | 440/4 | €793 | €1,833 | +€1,040 | +131% |
| Taxes, remuneration and social security | 45 | €901 | €3,475 | +€2,574 | +286% |
| Taxes | 450/3 | €901 | €3,475 | +€2,574 | +286% |
| Other amounts payable | 47/48 | €94,361 | €176,036 | +€81,675 | +86.6% |
| Accrued charges and deferred income | 492/3 | €3,375 | €9,349 | +€5,974 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,704 | €2,786 | +€81 | +3.0% |
| Other operating charges | 640/8 | €1,073 | €695 | -€379 | -35.3% |
| Gross operating margin | 9900 | €7,538 | €9,806 | +€2,269 | +30.1% |
| Operating profit (loss) | 9901 | €3,760 | €6,326 | +€2,566 | +68.2% |
| Financial income | 75/76B | €106,704 | €46,472 | -€60,232 | -56.4% |
| Recurring financial income | 75 | €106,704 | €46,472 | -€60,232 | -56.4% |
| Financial charges | 65/66B | €4,718 | €10,345 | +€5,627 | +119% |
| Recurring financial charges | 65 | €4,718 | €10,345 | +€5,627 | +119% |
| Profit (loss) for the period before taxes | 9903 | €105,746 | €42,453 | -€63,293 | -59.9% |
| Income taxes | 67/77 | €707 | €217 | -€490 | -69.3% |
| Profit (loss) for the period | 9904 | €105,039 | €42,237 | -€62,803 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €105,039 | €42,237 | -€62,803 | -59.8% |
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 18 October 2026 via checked.be.