TN Cyclo: 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.
TN Cyclo
Largest movements
- Receivables within one year +€193,474
up €193,474 (+2,217%), from €8,726 to €202,200
of which Trade receivables: +€193,256
- Cash +€60,399
up €60,399 (+19.7%), from €307,121 to €367,520
mainly Other debts (+€353,695) and Net result for the year (+€263,622)
- Tangible fixed assets +€29,116
up €29,116 (+853%), from €3,412 to €32,528
of which Furniture and vehicles: +€15,034
- Other debts +€353,695
up €353,695 (+14,101%), from €2,508 to €356,203
- Profit (loss) carried forward -€173,662
no longer reported in 2025 (was €173,662)
- Tax, wage and social debts +€101,616
up €101,616 (+315%), from €32,213 to €133,829
- Gross operating margin +€163,608
up €163,608 (+83.8%), from €195,352 to €358,960
- Taxes +€45,384
up €45,384 (+96.9%), from €46,853 to €92,237
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 | €319,778 | €605,030 | +€285,252 | +89.2% |
| Fixed assets | 21/28 | €3,412 | €32,678 | +€29,266 | +858% |
| Tangible fixed assets | 22/27 | €3,412 | €32,528 | +€29,116 | +853% |
| Plant, machinery and equipment | 23 | €2,332 | €16,414 | +€14,082 | +604% |
| Furniture and vehicles | 24 | €1,080 | €16,114 | +€15,034 | +1,393% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €316,366 | €572,353 | +€255,987 | +80.9% |
| Amounts receivable within one year | 40/41 | €8,726 | €202,200 | +€193,474 | +2,217% |
| Trade receivables | 40 | €5,679 | €198,935 | +€193,256 | +3,403% |
| Other amounts receivable | 41 | €3,047 | €3,265 | +€218 | +7.1% |
| Cash at bank and in hand | 54/58 | €307,121 | €367,520 | +€60,399 | +19.7% |
| Deferred charges and accrued income | 490/1 | €518 | €2,632 | +€2,114 | +408% |
| Total equity and liabilities | 10/49 | €319,778 | €605,030 | +€285,252 | +89.2% |
| Equity | 10/15 | €284,420 | €110,759 | -€173,662 | -61.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €107,759 | €107,759 | = | 0.0% |
| Distributable reserves | 133 | €107,759 | €107,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,662 | - | -€173,662 | |
| Amounts payable | 17/49 | €35,358 | €494,272 | +€458,914 | +1,298% |
| Amounts payable within one year | 42/48 | €35,358 | €494,272 | +€458,914 | +1,298% |
| Trade debts | 44 | €636 | €4,239 | +€3,603 | +567% |
| Suppliers | 440/4 | €636 | €4,239 | +€3,603 | +567% |
| Taxes, remuneration and social security | 45 | €32,213 | €133,829 | +€101,616 | +315% |
| Taxes | 450/3 | €32,213 | €133,829 | +€101,616 | +315% |
| Other amounts payable | 47/48 | €2,508 | €356,203 | +€353,695 | +14,101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,124 | €3,662 | +€2,538 | +226% |
| Other operating charges | 640/8 | €451 | €865 | +€414 | +91.8% |
| Gross operating margin | 9900 | €195,352 | €358,960 | +€163,608 | +83.8% |
| Operating profit (loss) | 9901 | €193,776 | €354,432 | +€160,656 | +82.9% |
| Financial income | 75/76B | €438 | €2,588 | +€2,150 | +491% |
| Recurring financial income | 75 | €438 | €2,588 | +€2,150 | +491% |
| Financial charges | 65/66B | €501 | €1,161 | +€661 | +132% |
| Recurring financial charges | 65 | €501 | €1,161 | +€661 | +132% |
| Profit (loss) for the period before taxes | 9903 | €193,713 | €355,858 | +€162,145 | +83.7% |
| Income taxes | 67/77 | €46,853 | €92,237 | +€45,384 | +96.9% |
| Profit (loss) for the period | 9904 | €146,860 | €263,622 | +€116,761 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,860 | €263,622 | +€116,761 | +79.5% |
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 16 October 2026 via checked.be.