TSMC: 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.
TSMC
Largest movements
- Receivables within one year -€5,551
down €5,551 (-7.3%), from €76,092 to €70,541
of which Other amounts receivable: -€5,551
- Tangible fixed assets -€3,498
down €3,498 (-85.5%), from €4,092 to €594
- Profit (loss) carried forward -€7,922
down €7,922 (-11.3%), from -€70,384 to -€78,307
- Trade debts -€1,311
down €1,311 (-1.3%), from €99,865 to €98,554
- Gross operating margin +€7,361
up €7,361 (+64.0%), from -€11,493 to -€4,132
- Depreciation -€2,925
down €2,925 (-45.5%), from €6,422 to €3,498
- Other operating charges -€564
down €564 (-100.0%), from €564 to €0
- Financial charges -€120
down €120 (-44.2%), from €272 to €152
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 | €80,543 | €71,319 | -€9,224 | -11.5% |
| Fixed assets | 21/28 | €4,092 | €594 | -€3,498 | -85.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,092 | €594 | -€3,498 | -85.5% |
| Furniture and vehicles | 24 | €4,092 | €594 | -€3,498 | -85.5% |
| Current assets | 29/58 | €76,452 | €70,725 | -€5,727 | -7.5% |
| Amounts receivable within one year | 40/41 | €76,092 | €70,541 | -€5,551 | -7.3% |
| Trade receivables | 40 | €39,033 | €39,033 | = | 0.0% |
| Other amounts receivable | 41 | €37,059 | €31,508 | -€5,551 | -15.0% |
| Cash at bank and in hand | 54/58 | €360 | €184 | -€176 | -48.9% |
| Total equity and liabilities | 10/49 | €80,543 | €71,319 | -€9,224 | -11.5% |
| Equity | 10/15 | -€20,384 | -€28,307 | -€7,922 | -38.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,384 | -€78,307 | -€7,922 | -11.3% |
| Amounts payable | 17/49 | €100,928 | €99,626 | -€1,302 | -1.3% |
| Amounts payable within one year | 42/48 | €100,928 | €99,626 | -€1,302 | -1.3% |
| Trade debts | 44 | €99,865 | €98,554 | -€1,311 | -1.3% |
| Suppliers | 440/4 | €99,865 | €98,554 | -€1,311 | -1.3% |
| Taxes, remuneration and social security | 45 | €271 | €280 | +€9 | +3.5% |
| Taxes | 450/3 | €271 | €280 | +€9 | +3.5% |
| Other amounts payable | 47/48 | €791 | €791 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,422 | €3,498 | -€2,925 | -45.5% |
| Other operating charges | 640/8 | €564 | €0 | -€564 | -100.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€11,493 | -€4,132 | +€7,361 | +64.0% |
| Operating profit (loss) | 9901 | -€18,479 | -€7,630 | +€10,849 | +58.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €272 | €152 | -€120 | -44.2% |
| Recurring financial charges | 65 | €272 | €152 | -€120 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,751 | -€7,781 | +€10,970 | +58.5% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€18,891 | -€7,922 | +€10,968 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,891 | -€7,922 | +€10,968 | +58.1% |
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 8 October 2026 via checked.be.