TSC Group: 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.
TSC Group
Largest movements
- Deferred charges and accrued income +€1,639
up €1,639 (+706.0%), from €232 to €1,871
- Receivables within one year +€828
up €828 (+5.2%), from €15,946 to €16,775
of which Other amounts receivable: +€506
- Cash -€756
down €756 (-3.7%), from €20,174 to €19,418
mainly Investment in fixed assets (net) (-€3,902) and Tax, wage and social debts (-€3,183)
- Profit (loss) carried forward +€8,185
up €8,185 (+22.6%), from €36,191 to €44,376
- Tax, wage and social debts -€3,183
down €3,183 (-33.3%), from €9,560 to €6,377
- Trade debts -€2,712
down €2,712 (-50.6%), from €5,357 to €2,645
- Gross operating margin +€17,114
up €17,114 (+262.0%), from €6,532 to €23,646
- Other operating charges +€7,107
up €7,107 (+560.3%), from €1,269 to €8,376
- Depreciation -€1,061
down €1,061 (-24.2%), from €4,384 to €3,323
- Taxes +€895
up €895 (+32.6%), from €2,741 to €3,636
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 | €59,168 | €61,458 | +€2,290 | +3.9% |
| Fixed assets | 21/28 | €22,815 | €23,395 | +€580 | +2.5% |
| Tangible fixed assets | 22/27 | €13,815 | €14,395 | +€580 | +4.2% |
| Plant, machinery and equipment | 23 | €1,182 | €782 | -€400 | -33.8% |
| Furniture and vehicles | 24 | €12,633 | €13,613 | +€979 | +7.8% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €36,353 | €38,064 | +€1,711 | +4.7% |
| Amounts receivable within one year | 40/41 | €15,946 | €16,775 | +€828 | +5.2% |
| Trade receivables | 40 | €14,385 | €14,708 | +€322 | +2.2% |
| Other amounts receivable | 41 | €1,561 | €2,067 | +€506 | +32.4% |
| Cash at bank and in hand | 54/58 | €20,174 | €19,418 | -€756 | -3.7% |
| Deferred charges and accrued income | 490/1 | €232 | €1,871 | +€1,639 | +706.0% |
| Total equity and liabilities | 10/49 | €59,168 | €61,458 | +€2,290 | +3.9% |
| Equity | 10/15 | €44,251 | €52,436 | +€8,185 | +18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €36,191 | €44,376 | +€8,185 | +22.6% |
| Amounts payable | 17/49 | €14,917 | €9,022 | -€5,895 | -39.5% |
| Amounts payable within one year | 42/48 | €14,917 | €9,022 | -€5,895 | -39.5% |
| Trade debts | 44 | €5,357 | €2,645 | -€2,712 | -50.6% |
| Suppliers | 440/4 | €5,357 | €2,645 | -€2,712 | -50.6% |
| Taxes, remuneration and social security | 45 | €9,560 | €6,377 | -€3,183 | -33.3% |
| Taxes | 450/3 | €9,560 | €6,377 | -€3,183 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,384 | €3,323 | -€1,061 | -24.2% |
| Other operating charges | 640/8 | €1,269 | €8,376 | +€7,107 | +560.3% |
| Gross operating margin | 9900 | €6,532 | €23,646 | +€17,114 | +262.0% |
| Operating profit (loss) | 9901 | €880 | €11,948 | +€11,068 | +1258.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €173 | €129 | -€44 | -25.4% |
| Recurring financial charges | 65 | €173 | €129 | -€44 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €707 | €11,821 | +€11,114 | +1571.5% |
| Income taxes | 67/77 | €2,741 | €3,636 | +€895 | +32.6% |
| Profit (loss) for the period | 9904 | -€2,034 | €8,185 | +€10,219 | |
| Transfer from tax-exempt reserves | 789 | €11,752 | - | -€11,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,718 | €8,185 | -€1,533 | -15.8% |
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 9 October 2026 via checked.be.