TCT Services: what changed
Two fiscal 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.
TCT Services
Largest movements
- Cash +€260,498
up €260,498 (+58.4%), from €446,260 to €706,758
mainly Net result for the year (+€218,761) and Receivables within one year (+€109,001)
- Receivables within one year -€109,001
down €109,001 (-68.4%), from €159,310 to €50,309
of which Trade receivables: -€108,057
- Tangible fixed assets -€13,346
down €13,346 (-8.2%), from €163,658 to €150,312
of which Furniture and vehicles: -€19,803
- Reserves +€218,760
up €218,760 (+43.3%), from €505,750 to €724,510
- Other debts -€46,080
down €46,080 (-77.3%), from €59,575 to €13,495
- Tax, wage and social debts -€24,961
down €24,961 (-53.1%), from €46,988 to €22,027
of which Taxes: -€26,433
- Advances received -€24,000
down €24,000 (-58.5%), from €41,000 to €17,000
- Short-term financial debts +€16,867
new in 2025: €16,867
- Staff costs +€8,233
up €8,233 (+10.7%), from €76,754 to €84,987
- Financial income -€5,833
down €5,833 (-99.7%), from €5,853 to €20
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 | €786,532 | €919,297 | +€132,765 | +16.9% |
| Fixed assets | 21/28 | €163,658 | €150,312 | -€13,346 | -8.2% |
| Tangible fixed assets | 22/27 | €163,658 | €150,312 | -€13,346 | -8.2% |
| Plant, machinery and equipment | 23 | €53,963 | €60,419 | +€6,456 | +12.0% |
| Furniture and vehicles | 24 | €109,695 | €89,893 | -€19,803 | -18.1% |
| Current assets | 29/58 | €622,874 | €768,985 | +€146,111 | +23.5% |
| Stocks and contracts in progress | 3 | €12,250 | €6,250 | -€6,000 | -49.0% |
| Stocks | 30/36 | €12,250 | €6,250 | -€6,000 | -49.0% |
| Amounts receivable within one year | 40/41 | €159,310 | €50,309 | -€109,001 | -68.4% |
| Trade receivables | 40 | €140,026 | €31,969 | -€108,057 | -77.2% |
| Other amounts receivable | 41 | €19,284 | €18,340 | -€944 | -4.9% |
| Cash at bank and in hand | 54/58 | €446,260 | €706,758 | +€260,498 | +58.4% |
| Deferred charges and accrued income | 490/1 | €5,054 | €5,668 | +€615 | +12.2% |
| Total equity and liabilities | 10/49 | €786,532 | €919,297 | +€132,765 | +16.9% |
| Equity | 10/15 | €586,472 | €805,233 | +€218,761 | +37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €505,750 | €724,510 | +€218,760 | +43.3% |
| Distributable reserves | 133 | €505,750 | €724,510 | +€218,760 | +43.3% |
| Profit (loss) carried forward | 14 | €62,122 | €62,123 | +€1 | 0.0% |
| Amounts payable | 17/49 | €200,060 | €114,064 | -€85,996 | -43.0% |
| Amounts payable within one year | 42/48 | €200,060 | €114,064 | -€85,996 | -43.0% |
| Financial debts | 43 | - | €16,867 | +€16,867 | |
| Credit institutions | 430/8 | - | €16,867 | +€16,867 | |
| Trade debts | 44 | €52,497 | €44,675 | -€7,821 | -14.9% |
| Suppliers | 440/4 | €52,497 | €44,675 | -€7,821 | -14.9% |
| Advances received on contracts in progress | 46 | €41,000 | €17,000 | -€24,000 | -58.5% |
| Taxes, remuneration and social security | 45 | €46,988 | €22,027 | -€24,961 | -53.1% |
| Taxes | 450/3 | €32,431 | €5,998 | -€26,433 | -81.5% |
| Remuneration and social security | 454/9 | €14,557 | €16,029 | +€1,472 | +10.1% |
| Other amounts payable | 47/48 | €59,575 | €13,495 | -€46,080 | -77.3% |
| Remuneration, social security and pensions | 62 | €76,754 | €84,987 | +€8,233 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,138 | €46,383 | -€2,755 | -5.6% |
| Other operating charges | 640/8 | €1,307 | €1,394 | +€87 | +6.6% |
| Gross operating margin | 9900 | €450,961 | €448,946 | -€2,015 | -0.4% |
| Operating profit (loss) | 9901 | €323,762 | €316,183 | -€7,579 | -2.3% |
| Financial income | 75/76B | €5,853 | €20 | -€5,833 | -99.7% |
| Recurring financial income | 75 | €5,853 | €20 | -€5,833 | -99.7% |
| Financial charges | 65/66B | €380 | €771 | +€391 | +102.8% |
| Recurring financial charges | 65 | €380 | €771 | +€391 | +102.8% |
| Profit (loss) for the period before taxes | 9903 | €329,235 | €315,431 | -€13,803 | -4.2% |
| Income taxes | 67/77 | €99,241 | €96,670 | -€2,571 | -2.6% |
| Profit (loss) for the period | 9904 | €229,994 | €218,761 | -€11,233 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €229,994 | €218,761 | -€11,233 | -4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.