TCS MANUTENTION: 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 MANUTENTION
Largest movements
- Tangible fixed assets +€4,478
up €4,478 (+19.4%), from €23,124 to €27,602
of which Plant, machinery and equipment: +€14,358
- Other debts +€7,510
up €7,510 (+146%), from €5,148 to €12,658
- Tax, wage and social debts -€4,086
down €4,086 (-41.0%), from €9,965 to €5,880
of which Taxes: -€2,204
- Profit (loss) carried forward +€2,947
up €2,947 (+31.8%), from €9,265 to €12,212
- Trade debts -€2,526
down €2,526 (-82.0%), from €3,082 to €556
- Debts after one year -€2,072
down €2,072 (-10.4%), from €19,955 to €17,883
- Gross operating margin +€7,862
up €7,862 (+29.9%), from €26,259 to €34,121
- Depreciation +€1,505
up €1,505 (+15.3%), from €9,843 to €11,348
- Financial charges +€1,062
up €1,062 (+32.8%), from €3,239 to €4,301
- Taxes -€1,000
down €1,000 (-19.0%), from €5,259 to €4,259
- Other operating charges +€611
up €611 (+83.6%), from €731 to €1,342
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 | €89,161 | €94,302 | +€5,141 | +5.8% |
| Fixed assets | 21/28 | €23,124 | €27,602 | +€4,478 | +19.4% |
| Tangible fixed assets | 22/27 | €23,124 | €27,602 | +€4,478 | +19.4% |
| Plant, machinery and equipment | 23 | €826 | €15,184 | +€14,358 | +1,738% |
| Furniture and vehicles | 24 | €19,643 | €10,339 | -€9,303 | -47.4% |
| Other tangible fixed assets | 26 | €2,655 | €2,078 | -€577 | -21.7% |
| Current assets | 29/58 | €66,037 | €66,700 | +€663 | +1.0% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,739 | €54,480 | -€259 | -0.5% |
| Trade receivables | 40 | €8,760 | €0 | -€8,760 | -100% |
| Other amounts receivable | 41 | €45,979 | €54,480 | +€8,501 | +18.5% |
| Cash at bank and in hand | 54/58 | €0 | €630 | +€630 | |
| Deferred charges and accrued income | 490/1 | €1,297 | €1,589 | +€292 | +22.5% |
| Total equity and liabilities | 10/49 | €89,161 | €94,302 | +€5,141 | +5.8% |
| Equity | 10/15 | €34,317 | €37,264 | +€2,947 | +8.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €52 | €52 | = | 0.0% |
| Distributable reserves | 133 | €52 | €52 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,265 | €12,212 | +€2,947 | +31.8% |
| Amounts payable | 17/49 | €54,844 | €57,038 | +€2,194 | +4.0% |
| Amounts payable after more than one year | 17 | €19,955 | €17,883 | -€2,072 | -10.4% |
| Financial debts | 170/4 | €19,955 | €17,883 | -€2,072 | -10.4% |
| Amounts payable within one year | 42/48 | €34,889 | €39,155 | +€4,267 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €14,409 | €15,976 | +€1,567 | +10.9% |
| Financial debts | 43 | €2,285 | €4,086 | +€1,801 | +78.8% |
| Credit institutions | 430/8 | €2,285 | €4,086 | +€1,801 | +78.8% |
| Trade debts | 44 | €3,082 | €556 | -€2,526 | -82.0% |
| Suppliers | 440/4 | €3,082 | €556 | -€2,526 | -82.0% |
| Taxes, remuneration and social security | 45 | €9,965 | €5,880 | -€4,086 | -41.0% |
| Taxes | 450/3 | €8,083 | €5,880 | -€2,204 | -27.3% |
| Remuneration and social security | 454/9 | €1,882 | €0 | -€1,882 | -100% |
| Other amounts payable | 47/48 | €5,148 | €12,658 | +€7,510 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,843 | €11,348 | +€1,505 | +15.3% |
| Other operating charges | 640/8 | €731 | €1,342 | +€611 | +83.6% |
| Non-recurring operating charges | 66A | - | €204 | +€204 | |
| Gross operating margin | 9900 | €26,259 | €34,121 | +€7,862 | +29.9% |
| Operating profit (loss) | 9901 | €15,685 | €21,227 | +€5,542 | +35.3% |
| Financial income | 75/76B | €2,452 | €2,938 | +€486 | +19.8% |
| Recurring financial income | 75 | €2,452 | €2,938 | +€486 | +19.8% |
| Financial charges | 65/66B | €3,239 | €4,301 | +€1,062 | +32.8% |
| Recurring financial charges | 65 | €3,239 | €4,301 | +€1,062 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €14,898 | €19,864 | +€4,966 | +33.3% |
| Income taxes | 67/77 | €5,259 | €4,259 | -€1,000 | -19.0% |
| Profit (loss) for the period | 9904 | €9,639 | €15,605 | +€5,966 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,639 | €15,605 | +€5,966 | +61.9% |
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 25 October 2026 via checked.be.