TCS TEAM: 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 TEAM
Largest movements
- Tangible fixed assets -€18,273
down €18,273 (-18.4%), from €99,097 to €80,824
- Cash +€14,887
up €14,887 (+28.0%), from €53,141 to €68,028
mainly Net result for the year (+€24,186) and Depreciation (+€21,846)
- Deferred charges and accrued income -€12,334
down €12,334 (-83.7%), from €14,730 to €2,396
- Other debts -€29,403
down €29,403 (-92.3%), from €31,842 to €2,439
- Profit (loss) carried forward +€24,186
up €24,186 (+2.7%), from €901,592 to €925,778
- Debts after one year -€14,193
down €14,193 (-24.7%), from €57,385 to €43,192
- Current portion of long-term debt -€12,271
down €12,271 (-46.4%), from €26,465 to €14,193
- Depreciation +€14,614
up €14,614 (+202%), from €7,232 to €21,846
- Gross operating margin -€13,865
down €13,865 (-18.9%), from €73,415 to €59,550
- Taxes -€7,005
down €7,005 (-42.2%), from €16,607 to €9,601
- Financial charges +€1,487
up €1,487 (+101%), from €1,467 to €2,953
- Other operating charges -€1,123
down €1,123 (-51.2%), from €2,194 to €1,071
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 | €1,044,369 | €1,021,880 | -€22,489 | -2.2% |
| Fixed assets | 21/28 | €934,653 | €916,380 | -€18,273 | -2.0% |
| Tangible fixed assets | 22/27 | €99,097 | €80,824 | -€18,273 | -18.4% |
| Furniture and vehicles | 24 | €99,097 | €80,824 | -€18,273 | -18.4% |
| Financial fixed assets | 28 | €835,557 | €835,557 | = | 0.0% |
| Current assets | 29/58 | €109,716 | €105,500 | -€4,216 | -3.8% |
| Amounts receivable within one year | 40/41 | €41,845 | €35,076 | -€6,769 | -16.2% |
| Trade receivables | 40 | €14,823 | €29,645 | +€14,823 | +100% |
| Other amounts receivable | 41 | €27,022 | €5,431 | -€21,591 | -79.9% |
| Cash at bank and in hand | 54/58 | €53,141 | €68,028 | +€14,887 | +28.0% |
| Deferred charges and accrued income | 490/1 | €14,730 | €2,396 | -€12,334 | -83.7% |
| Total equity and liabilities | 10/49 | €1,044,369 | €1,021,880 | -€22,489 | -2.2% |
| Equity | 10/15 | €923,592 | €947,778 | +€24,186 | +2.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €901,592 | €925,778 | +€24,186 | +2.7% |
| Amounts payable | 17/49 | €120,777 | €74,102 | -€46,675 | -38.6% |
| Amounts payable after more than one year | 17 | €57,385 | €43,192 | -€14,193 | -24.7% |
| Financial debts | 170/4 | €57,385 | €43,192 | -€14,193 | -24.7% |
| Amounts payable within one year | 42/48 | €63,042 | €30,910 | -€32,132 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €26,465 | €14,193 | -€12,271 | -46.4% |
| Trade debts | 44 | €88 | €2,189 | +€2,101 | +2,382% |
| Suppliers | 440/4 | €88 | €2,189 | +€2,101 | +2,382% |
| Taxes, remuneration and social security | 45 | €4,647 | €12,089 | +€7,442 | +160% |
| Taxes | 450/3 | €4,647 | €12,089 | +€7,442 | +160% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,842 | €2,439 | -€29,403 | -92.3% |
| Accrued charges and deferred income | 492/3 | €349 | €0 | -€349 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,232 | €21,846 | +€14,614 | +202% |
| Other operating charges | 640/8 | €2,194 | €1,071 | -€1,123 | -51.2% |
| Gross operating margin | 9900 | €73,415 | €59,550 | -€13,865 | -18.9% |
| Operating profit (loss) | 9901 | €63,989 | €36,633 | -€27,356 | -42.8% |
| Financial income | 75/76B | €11 | €107 | +€97 | +897% |
| Recurring financial income | 75 | €11 | €107 | +€97 | +897% |
| Financial charges | 65/66B | €1,467 | €2,953 | +€1,487 | +101% |
| Recurring financial charges | 65 | €1,467 | €2,953 | +€1,487 | +101% |
| Profit (loss) for the period before taxes | 9903 | €62,533 | €33,787 | -€28,746 | -46.0% |
| Income taxes | 67/77 | €16,607 | €9,601 | -€7,005 | -42.2% |
| Profit (loss) for the period | 9904 | €45,927 | €24,186 | -€21,741 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,927 | €24,186 | -€21,741 | -47.3% |
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 17 October 2026 via checked.be.