TNCO: 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.
TNCO
Largest movements
- Cash -€3,462
down €3,462 (-29.6%), from €11,707 to €8,245
mainly Net result for the year (-€10,665) and Deferred charges and accrued income (-€14)
- Profit (loss) carried forward -€10,665
down €10,665 (-19.5%), from -€54,667 to -€65,332
- Other debts +€6,023
up €6,023 (+2.7%), from €219,254 to €225,276
- Gross operating margin +€2,398
up €2,398 (+38.6%), from -€6,208 to -€3,810
- Depreciation +€833
new in 2025: €833
- Financial charges -€365
down €365 (-5.7%), from €6,387 to €6,022
- Other operating charges -€64
down €64 (-100.0%), from €64 to €0
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 | €187,415 | €182,811 | -€4,603 | -2.5% |
| Fixed assets | 21/28 | €175,000 | €174,167 | -€833 | -0.5% |
| Tangible fixed assets | 22/27 | €175,000 | €174,167 | -€833 | -0.5% |
| Land and buildings | 22 | €175,000 | €174,167 | -€833 | -0.5% |
| Current assets | 29/58 | €12,415 | €8,645 | -€3,770 | -30.4% |
| Amounts receivable within one year | 40/41 | €435 | €113 | -€322 | -74.0% |
| Other amounts receivable | 41 | €435 | €113 | -€322 | -74.0% |
| Cash at bank and in hand | 54/58 | €11,707 | €8,245 | -€3,462 | -29.6% |
| Deferred charges and accrued income | 490/1 | €273 | €287 | +€14 | +5.0% |
| Total equity and liabilities | 10/49 | €187,415 | €182,811 | -€4,603 | -2.5% |
| Equity | 10/15 | -€34,207 | -€44,872 | -€10,665 | -31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,667 | -€65,332 | -€10,665 | -19.5% |
| Amounts payable | 17/49 | €221,622 | €227,683 | +€6,061 | +2.7% |
| Amounts payable within one year | 42/48 | €221,622 | €227,683 | +€6,061 | +2.7% |
| Trade debts | 44 | €2,368 | €2,407 | +€39 | +1.6% |
| Suppliers | 440/4 | €2,368 | €2,407 | +€39 | +1.6% |
| Other amounts payable | 47/48 | €219,254 | €225,276 | +€6,023 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €833 | +€833 | |
| Other operating charges | 640/8 | €64 | €0 | -€64 | -100.0% |
| Gross operating margin | 9900 | -€6,208 | -€3,810 | +€2,398 | +38.6% |
| Operating profit (loss) | 9901 | -€6,271 | -€4,643 | +€1,628 | +26.0% |
| Financial charges | 65/66B | €6,387 | €6,022 | -€365 | -5.7% |
| Recurring financial charges | 65 | €6,387 | €6,022 | -€365 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,658 | -€10,665 | +€1,994 | +15.7% |
| Profit (loss) for the period | 9904 | -€12,658 | -€10,665 | +€1,994 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,658 | -€10,665 | +€1,994 | +15.7% |
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 7 October 2026 via checked.be.