TGC: 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.
TGC
Largest movements
- Receivables within one year -€49,812
down €49,812 (-24.4%), from €204,438 to €154,627
of which Other amounts receivable: -€49,016
- Tax, wage and social debts -€29,568
down €29,568 (-51.9%), from €56,979 to €27,411
- Profit (loss) carried forward -€9,658
down €9,658 (-9.9%), from €97,309 to €87,650
- Other debts -€6,765
down €6,765 (-33.0%), from €20,501 to €13,736
- Trade debts -€2,177
down €2,177 (-16.1%), from €13,554 to €11,378
- Gross operating margin -€55,384
down €55,384, from €50,702 to -€4,682
- Taxes -€13,986
no longer reported in 2025 (was €13,986)
- Staff costs +€5,458
no longer reported in 2025 (was -€5,458)
- Other operating charges -€3,489
down €3,489 (-98.0%), from €3,561 to €72
- Financial charges -€1,280
down €1,280 (-45.9%), from €2,785 to €1,505
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 | €208,228 | €160,014 | -€48,213 | -23.2% |
| Fixed assets | 21/28 | €2,987 | €2,987 | = | 0.0% |
| Financial fixed assets | 28 | €2,987 | €2,987 | = | 0.0% |
| Current assets | 29/58 | €205,240 | €157,027 | -€48,213 | -23.5% |
| Amounts receivable within one year | 40/41 | €204,438 | €154,627 | -€49,812 | -24.4% |
| Trade receivables | 40 | €796 | - | -€796 | |
| Other amounts receivable | 41 | €203,643 | €154,627 | -€49,016 | -24.1% |
| Cash at bank and in hand | 54/58 | €23 | €834 | +€811 | +3,469% |
| Deferred charges and accrued income | 490/1 | €779 | €1,566 | +€787 | +101% |
| Total equity and liabilities | 10/49 | €208,228 | €160,014 | -€48,213 | -23.2% |
| Equity | 10/15 | €117,149 | €107,490 | -€9,658 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,309 | €87,650 | -€9,658 | -9.9% |
| Amounts payable | 17/49 | €91,079 | €52,524 | -€38,555 | -42.3% |
| Amounts payable within one year | 42/48 | €91,034 | €52,524 | -€38,510 | -42.3% |
| Trade debts | 44 | €13,554 | €11,378 | -€2,177 | -16.1% |
| Suppliers | 440/4 | €13,554 | €11,378 | -€2,177 | -16.1% |
| Taxes, remuneration and social security | 45 | €56,979 | €27,411 | -€29,568 | -51.9% |
| Taxes | 450/3 | €56,979 | €27,411 | -€29,568 | -51.9% |
| Other amounts payable | 47/48 | €20,501 | €13,736 | -€6,765 | -33.0% |
| Accrued charges and deferred income | 492/3 | €45 | - | -€45 | |
| Remuneration, social security and pensions | 62 | -€5,458 | - | +€5,458 | |
| Other operating charges | 640/8 | €3,561 | €72 | -€3,489 | -98.0% |
| Non-recurring operating charges | 66A | €10,927 | €3,399 | -€7,528 | -68.9% |
| Gross operating margin | 9900 | €50,702 | -€4,682 | -€55,384 | |
| Operating profit (loss) | 9901 | €41,671 | -€8,153 | -€49,824 | |
| Financial charges | 65/66B | €2,785 | €1,505 | -€1,280 | -45.9% |
| Recurring financial charges | 65 | €2,785 | €1,505 | -€1,280 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €38,886 | -€9,658 | -€48,545 | |
| Income taxes | 67/77 | €13,986 | - | -€13,986 | |
| Profit (loss) for the period | 9904 | €24,900 | -€9,658 | -€34,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,900 | -€9,658 | -€34,559 |
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 23 October 2026 via checked.be.