TUC Management: 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.
TUC Management
Largest movements
- Tangible fixed assets -€18,218
down €18,218 (-11.9%), from €152,726 to €134,507
of which Land and buildings: -€13,939
- Deferred charges and accrued income +€8,873
up €8,873 (+1216.5%), from €729 to €9,602
- Receivables within one year +€4,398
up €4,398 (+19.7%), from €22,320 to €26,718
of which Trade receivables: +€3,933
- Cash +€4,328
up €4,328 (+194.3%), from €2,228 to €6,557
mainly Depreciation (+€18,438) and Trade debts (+€7,603)
- Debts after one year -€7,787
down €7,787 (-3.2%), from €242,693 to €234,906
of which Financial debts: -€29,562
- Trade debts +€7,603
up €7,603 (+247.9%), from €3,067 to €10,669
- Other debts +€2,520
up €2,520 (+4.7%), from €53,815 to €56,335
- Gross operating margin +€7,690
up €7,690 (+50.4%), from €15,253 to €22,942
- Financial charges -€1,423
down €1,423 (-36.0%), from €3,954 to €2,531
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 | €178,753 | €178,134 | -€619 | -0.3% |
| Fixed assets | 21/28 | €153,476 | €135,257 | -€18,218 | -11.9% |
| Tangible fixed assets | 22/27 | €152,726 | €134,507 | -€18,218 | -11.9% |
| Land and buildings | 22 | €139,392 | €125,453 | -€13,939 | -10.0% |
| Plant, machinery and equipment | 23 | €4,245 | €3,330 | -€915 | -21.6% |
| Furniture and vehicles | 24 | €9,089 | €5,725 | -€3,364 | -37.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €25,277 | €42,877 | +€17,599 | +69.6% |
| Amounts receivable within one year | 40/41 | €22,320 | €26,718 | +€4,398 | +19.7% |
| Trade receivables | 40 | €22,196 | €26,129 | +€3,933 | +17.7% |
| Other amounts receivable | 41 | €124 | €589 | +€465 | +375.5% |
| Cash at bank and in hand | 54/58 | €2,228 | €6,557 | +€4,328 | +194.3% |
| Deferred charges and accrued income | 490/1 | €729 | €9,602 | +€8,873 | +1216.5% |
| Total equity and liabilities | 10/49 | €178,753 | €178,134 | -€619 | -0.3% |
| Equity | 10/15 | -€153,509 | -€154,694 | -€1,185 | -0.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €34,000 | €34,000 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,769 | -€202,954 | -€1,185 | -0.6% |
| Amounts payable | 17/49 | €332,262 | €332,828 | +€566 | +0.2% |
| Amounts payable after more than one year | 17 | €242,693 | €234,906 | -€7,787 | -3.2% |
| Financial debts | 170/4 | €29,562 | - | -€29,562 | |
| Other amounts payable | 178/9 | €213,131 | €234,906 | +€21,775 | +10.2% |
| Amounts payable within one year | 42/48 | €89,569 | €96,711 | +€7,142 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €30,796 | €29,562 | -€1,233 | -4.0% |
| Trade debts | 44 | €3,067 | €10,669 | +€7,603 | +247.9% |
| Suppliers | 440/4 | €3,067 | €10,669 | +€7,603 | +247.9% |
| Taxes, remuneration and social security | 45 | €1,892 | €144 | -€1,748 | -92.4% |
| Taxes | 450/3 | €1,892 | €144 | -€1,748 | -92.4% |
| Other amounts payable | 47/48 | €53,815 | €56,335 | +€2,520 | +4.7% |
| Accrued charges and deferred income | 492/3 | - | €1,211 | +€1,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,517 | €18,438 | -€80 | -0.4% |
| Other operating charges | 640/8 | €2,799 | €3,014 | +€216 | +7.7% |
| Gross operating margin | 9900 | €15,253 | €22,942 | +€7,690 | +50.4% |
| Operating profit (loss) | 9901 | -€6,064 | €1,490 | +€7,554 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,954 | €2,531 | -€1,423 | -36.0% |
| Recurring financial charges | 65 | €3,954 | €2,531 | -€1,423 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,018 | -€1,041 | +€8,977 | +89.6% |
| Income taxes | 67/77 | - | €144 | +€144 | |
| Profit (loss) for the period | 9904 | -€10,018 | -€1,185 | +€8,833 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,018 | -€1,185 | +€8,833 | +88.2% |
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.