TCS PROJECTEN: 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 PROJECTEN
Largest movements
- Receivables within one year -€20,794
down €20,794 (-11.4%), from €182,737 to €161,943
of which Other amounts receivable: -€24,673
- Cash +€13,842
up €13,842 (+125.5%), from €11,029 to €24,871
mainly Net result for the year (+€72,317) and Receivables within one year (+€20,794)
- Reserves -€14,518
down €14,518 (-17.5%), from €83,127 to €68,609
- Tax, wage and social debts +€7,017
up €7,017 (+64.6%), from €10,870 to €17,886
- Other debts +€6,524
up €6,524 (+8.1%), from €80,311 to €86,835
- Short-term financial debts -€3,000
down €3,000 (-21.4%), from €14,000 to €11,000
- Taxes +€4,428
up €4,428 (+19.7%), from €22,519 to €26,947
- Financial income -€4,124
down €4,124 (-41.4%), from €9,951 to €5,827
- Gross operating margin -€1,170
down €1,170 (-1.2%), from €99,459 to €98,289
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.
Cash bridge derived
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 | €196,262 | €190,419 | -€5,843 | -3.0% |
| Fixed assets | 21/28 | €818 | €511 | -€307 | -37.6% |
| Tangible fixed assets | 22/27 | €818 | €511 | -€307 | -37.6% |
| Furniture and vehicles | 24 | €818 | €511 | -€307 | -37.6% |
| Current assets | 29/58 | €195,444 | €189,909 | -€5,536 | -2.8% |
| Amounts receivable within one year | 40/41 | €182,737 | €161,943 | -€20,794 | -11.4% |
| Trade receivables | 40 | €18,171 | €22,050 | +€3,879 | +21.3% |
| Other amounts receivable | 41 | €164,565 | €139,892 | -€24,673 | -15.0% |
| Cash at bank and in hand | 54/58 | €11,029 | €24,871 | +€13,842 | +125.5% |
| Deferred charges and accrued income | 490/1 | €1,679 | €3,095 | +€1,416 | +84.4% |
| Total equity and liabilities | 10/49 | €196,262 | €190,419 | -€5,843 | -3.0% |
| Equity | 10/15 | €86,127 | €71,609 | -€14,518 | -16.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,127 | €68,609 | -€14,518 | -17.5% |
| Distributable reserves | 133 | €83,127 | €68,609 | -€14,518 | -17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,135 | €118,811 | +€8,676 | +7.9% |
| Amounts payable within one year | 42/48 | €110,135 | €118,811 | +€8,676 | +7.9% |
| Financial debts | 43 | €14,000 | €11,000 | -€3,000 | -21.4% |
| Credit institutions | 430/8 | €14,000 | €11,000 | -€3,000 | -21.4% |
| Trade debts | 44 | €4,954 | €3,089 | -€1,865 | -37.7% |
| Suppliers | 440/4 | €4,954 | €3,089 | -€1,865 | -37.7% |
| Taxes, remuneration and social security | 45 | €10,870 | €17,886 | +€7,017 | +64.6% |
| Taxes | 450/3 | €10,870 | €17,886 | +€7,017 | +64.6% |
| Other amounts payable | 47/48 | €80,311 | €86,835 | +€6,524 | +8.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €307 | = | 0.0% |
| Other operating charges | 640/8 | €1,904 | €2,722 | +€818 | +42.9% |
| Non-recurring operating charges | 66A | €2,000 | €0 | -€2,000 | -100.0% |
| Gross operating margin | 9900 | €99,459 | €98,289 | -€1,170 | -1.2% |
| Operating profit (loss) | 9901 | €95,248 | €95,260 | +€12 | 0.0% |
| Financial income | 75/76B | €9,951 | €5,827 | -€4,124 | -41.4% |
| Recurring financial income | 75 | €9,951 | €5,827 | -€4,124 | -41.4% |
| Financial charges | 65/66B | €2,368 | €1,822 | -€547 | -23.1% |
| Recurring financial charges | 65 | €2,368 | €1,822 | -€547 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €102,830 | €99,265 | -€3,566 | -3.5% |
| Income taxes | 67/77 | €22,519 | €26,947 | +€4,428 | +19.7% |
| Profit (loss) for the period | 9904 | €80,311 | €72,317 | -€7,994 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,311 | €72,317 | -€7,994 | -10.0% |
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 11 October 2026 via checked.be.