TSC TECH: 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 TECH
Largest movements
- Receivables within one year +€45,919
up €45,919 (+36.3%), from €126,347 to €172,266
of which Other amounts receivable: +€44,112
- Tangible fixed assets -€2,335
down €2,335 (-46.8%), from €4,989 to €2,654
- Profit (loss) carried forward +€31,669
up €31,669 (+74.4%), from €42,593 to €74,262
- Debts after one year +€8,617
up €8,617 (+481%), from €1,792 to €10,409
- Trade debts +€2,563
up €2,563 (+8.5%), from €30,147 to €32,710
- Gross operating margin +€22,133
up €22,133 (+80.5%), from €27,482 to €49,615
- Financial charges -€11,796
down €11,796 (-76.6%), from €15,405 to €3,609
of which Non-recurring financial charges: -€13,130
- Taxes +€9,982
up €9,982 (+3,062%), from €326 to €10,308
- Financial income +€1,405
up €1,405 (+34.0%), from €4,136 to €5,541
- Other operating charges +€861
up €861 (+21.0%), from €4,097 to €4,958
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,660 | €177,298 | +€42,638 | +31.7% |
| Fixed assets | 21/28 | €4,989 | €2,654 | -€2,335 | -46.8% |
| Tangible fixed assets | 22/27 | €4,989 | €2,654 | -€2,335 | -46.8% |
| Furniture and vehicles | 24 | €4,989 | €2,654 | -€2,335 | -46.8% |
| Current assets | 29/58 | €129,671 | €174,644 | +€44,973 | +34.7% |
| Amounts receivable within one year | 40/41 | €126,347 | €172,266 | +€45,919 | +36.3% |
| Trade receivables | 40 | €46,158 | €47,965 | +€1,807 | +3.9% |
| Other amounts receivable | 41 | €80,189 | €124,301 | +€44,112 | +55.0% |
| Deferred charges and accrued income | 490/1 | €3,324 | €2,378 | -€946 | -28.5% |
| Total equity and liabilities | 10/49 | €134,660 | €177,298 | +€42,638 | +31.7% |
| Equity | 10/15 | €65,803 | €97,472 | +€31,669 | +48.1% |
| Contributions | 10/11 | €9,350 | €9,350 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Distributable reserves | 133 | €13,860 | €13,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,593 | €74,262 | +€31,669 | +74.4% |
| Amounts payable | 17/49 | €68,857 | €79,826 | +€10,969 | +15.9% |
| Amounts payable after more than one year | 17 | €1,792 | €10,409 | +€8,617 | +481% |
| Financial debts | 170/4 | €1,792 | €10,409 | +€8,617 | +481% |
| Amounts payable within one year | 42/48 | €67,065 | €69,417 | +€2,352 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €10,433 | €10,004 | -€429 | -4.1% |
| Financial debts | 43 | €8,252 | €6,699 | -€1,553 | -18.8% |
| Credit institutions | 430/8 | €8,252 | €6,699 | -€1,553 | -18.8% |
| Trade debts | 44 | €30,147 | €32,710 | +€2,563 | +8.5% |
| Suppliers | 440/4 | €30,147 | €32,710 | +€2,563 | +8.5% |
| Taxes, remuneration and social security | 45 | €18,233 | €20,004 | +€1,771 | +9.7% |
| Taxes | 450/3 | €18,233 | €20,004 | +€1,771 | +9.7% |
| Remuneration, social security and pensions | 62 | €1,741 | €2,277 | +€536 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,584 | €2,335 | -€249 | -9.6% |
| Other operating charges | 640/8 | €4,097 | €4,958 | +€861 | +21.0% |
| Gross operating margin | 9900 | €27,482 | €49,615 | +€22,133 | +80.5% |
| Operating profit (loss) | 9901 | €19,060 | €40,045 | +€20,985 | +110% |
| Financial income | 75/76B | €4,136 | €5,541 | +€1,405 | +34.0% |
| Recurring financial income | 75 | €4,136 | €5,541 | +€1,405 | +34.0% |
| Financial charges | 65/66B | €15,405 | €3,609 | -€11,796 | -76.6% |
| Recurring financial charges | 65 | €2,275 | €3,609 | +€1,334 | +58.6% |
| Non-recurring financial charges | 66B | €13,130 | - | -€13,130 | |
| Profit (loss) for the period before taxes | 9903 | €7,791 | €41,977 | +€34,186 | +439% |
| Income taxes | 67/77 | €326 | €10,308 | +€9,982 | +3,062% |
| Profit (loss) for the period | 9904 | €7,465 | €31,669 | +€24,204 | +324% |
| Profit (loss) for the period to be appropriated | 9905 | €7,465 | €31,669 | +€24,204 | +324% |
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 14 October 2026 via checked.be.