TNC INVEST: what changed
What changed
TNC INVEST
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€23,001
2024 · €32,225-€9,224
Equity
€360,077
2024 · €337,077+€23,001
Cash
€3,433
2024 · €9,759-€6,326
Balance sheet total
€935,865
2024 · €955,266-€19,402
Largest movements
Assets
- Tangible fixed assets -€28,366
down €28,366 (-3.1%), from €908,611 to €880,244
of which Land and buildings: -€24,614
- Receivables within one year +€14,392
up €14,392 (+41.1%), from €35,057 to €49,449
of which Trade receivables: +€14,903
Equity and liabilities
- Debts after one year -€32,998
down €32,998 (-7.8%), from €420,793 to €387,795
- Reserves +€22,997
up €22,997 (+8.7%), from €263,274 to €286,271
of which Distributable reserves: +€28,725
Income statement
- Gross operating margin -€14,794
down €14,794 (-14.9%), from €99,060 to €84,267
- Taxes -€3,341
down €3,341 (-17.5%), from €19,085 to €15,744
- Depreciation -€1,994
down €1,994 (-6.2%), from €32,367 to €30,373
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,225
Gross operating margin
-€14,794
Depreciation
+€1,994
Write-downs
+€494
Other operating charges
+€551
Financial income
+€17
Financial charges
-€909
Taxes
+€3,341
Deferred taxes and other
+€82
Result 2025
€23,001
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,039
Investment
-€2,006
Financing
-€32,359
Cash 2024
€9,759
From operations (derived)
+€28,039
Net result for the year
+€23,001
Depreciation
+€30,373
Receivables within one year
-€14,392
Deferred charges and accrued income
-€898
Provisions
-€1,909
Trade debts
-€1,238
Tax, wage and social debts
-€6,928
Other debts
-€240
Accrued charges and deferred income
+€272
Investment (derived)
-€2,006
Investment in fixed assets (net)
-€2,006
Financing
-€32,359
Debts after one year
-€32,998
Current portion of long-term debt
+€639
Cash 2025
€3,433
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €955,266 | €935,865 | -€19,402 | -2.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €908,611 | €880,244 | -€28,366 | -3.1% |
| Tangible fixed assets | 22/27 | €908,611 | €880,244 | -€28,366 | -3.1% |
| Land and buildings | 22 | €880,312 | €855,698 | -€24,614 | -2.8% |
| Plant, machinery and equipment | 23 | €14,300 | €12,357 | -€1,943 | -13.6% |
| Furniture and vehicles | 24 | €13,999 | €12,189 | -€1,809 | -12.9% |
| Current assets | 29/58 | €46,655 | €55,620 | +€8,965 | +19.2% |
| Amounts receivable within one year | 40/41 | €35,057 | €49,449 | +€14,392 | +41.1% |
| Trade receivables | 40 | €34,137 | €49,040 | +€14,903 | +43.7% |
| Other amounts receivable | 41 | €920 | €409 | -€511 | -55.6% |
| Cash at bank and in hand | 54/58 | €9,759 | €3,433 | -€6,326 | -64.8% |
| Deferred charges and accrued income | 490/1 | €1,840 | €2,738 | +€898 | +48.8% |
| Total equity and liabilities | 10/49 | €955,266 | €935,865 | -€19,402 | -2.0% |
| Equity | 10/15 | €337,077 | €360,077 | +€23,001 | +6.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €263,274 | €286,271 | +€22,997 | +8.7% |
| Tax-exempt reserves | 132 | €169,759 | €164,031 | -€5,728 | -3.4% |
| Distributable reserves | 133 | €93,515 | €122,240 | +€28,725 | +30.7% |
| Profit (loss) carried forward | 14 | €53,802 | €53,806 | +€4 | 0.0% |
| Provisions and deferred taxes | 16 | €56,985 | €55,076 | -€1,909 | -3.4% |
| Deferred taxes | 168 | €56,985 | €55,076 | -€1,909 | -3.4% |
| Amounts payable | 17/49 | €561,204 | €520,711 | -€40,493 | -7.2% |
| Amounts payable after more than one year | 17 | €420,793 | €387,795 | -€32,998 | -7.8% |
| Financial debts | 170/4 | €420,793 | €387,795 | -€32,998 | -7.8% |
| Amounts payable within one year | 42/48 | €140,247 | €132,479 | -€7,767 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €32,503 | €33,142 | +€639 | +2.0% |
| Trade debts | 44 | €6,848 | €5,610 | -€1,238 | -18.1% |
| Suppliers | 440/4 | €6,848 | €5,610 | -€1,238 | -18.1% |
| Taxes, remuneration and social security | 45 | €9,704 | €2,775 | -€6,928 | -71.4% |
| Taxes | 450/3 | €9,704 | €2,775 | -€6,928 | -71.4% |
| Other amounts payable | 47/48 | €91,193 | €90,953 | -€240 | -0.3% |
| Accrued charges and deferred income | 492/3 | €165 | €437 | +€272 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,367 | €30,373 | -€1,994 | -6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,441 | €1,948 | -€494 | -20.2% |
| Other operating charges | 640/8 | €6,430 | €5,879 | -€551 | -8.6% |
| Gross operating margin | 9900 | €99,060 | €84,267 | -€14,794 | -14.9% |
| Operating profit (loss) | 9901 | €57,822 | €46,068 | -€11,754 | -20.3% |
| Financial income | 75/76B | €13 | €30 | +€17 | +127% |
| Recurring financial income | 75 | €13 | €30 | +€17 | +127% |
| Financial charges | 65/66B | €8,354 | €9,263 | +€909 | +10.9% |
| Recurring financial charges | 65 | €8,354 | €9,263 | +€909 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €49,482 | €36,835 | -€12,646 | -25.6% |
| Transfer from deferred taxes | 780 | €1,828 | €1,909 | +€82 | +4.5% |
| Income taxes | 67/77 | €19,085 | €15,744 | -€3,341 | -17.5% |
| Profit (loss) for the period | 9904 | €32,225 | €23,001 | -€9,224 | -28.6% |
| Transfer from tax-exempt reserves | 789 | €5,483 | €5,728 | +€245 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,708 | €28,729 | -€8,979 | -23.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.