TYCON: 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.
TYCON
Largest movements
- Receivables within one year +€49,022
up €49,022 (+21.4%), from €228,833 to €277,855
- Tangible fixed assets -€39,794
down €39,794 (-15.5%), from €256,952 to €217,158
- Cash -€34,060
down €34,060 (-70.4%), from €48,350 to €14,290
mainly Debts after one year (-€65,185) and Receivables within one year (-€49,022)
- Debts after one year -€65,185
down €65,185 (-8.9%), from €732,494 to €667,309
- Reserves +€43,097
up €43,097 (+18.7%), from €230,402 to €273,498
of which Distributable reserves: +€47,467
- Gross operating margin +€11,381
up €11,381 (+11.1%), from €102,617 to €113,998
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 | €1,114,787 | €1,089,973 | -€24,814 | -2.2% |
| Fixed assets | 21/28 | €836,952 | €797,158 | -€39,794 | -4.8% |
| Tangible fixed assets | 22/27 | €256,952 | €217,158 | -€39,794 | -15.5% |
| Land and buildings | 22 | €256,952 | €217,158 | -€39,794 | -15.5% |
| Financial fixed assets | 28 | €580,000 | €580,000 | = | 0.0% |
| Current assets | 29/58 | €277,835 | €292,816 | +€14,981 | +5.4% |
| Amounts receivable within one year | 40/41 | €228,833 | €277,855 | +€49,022 | +21.4% |
| Other amounts receivable | 41 | €228,833 | €277,855 | +€49,022 | +21.4% |
| Cash at bank and in hand | 54/58 | €48,350 | €14,290 | -€34,060 | -70.4% |
| Deferred charges and accrued income | 490/1 | €652 | €671 | +€19 | +2.9% |
| Total equity and liabilities | 10/49 | €1,114,787 | €1,089,973 | -€24,814 | -2.2% |
| Equity | 10/15 | €304,770 | €347,866 | +€43,097 | +14.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €230,402 | €273,498 | +€43,097 | +18.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,370 | €0 | -€4,370 | -100.0% |
| Distributable reserves | 133 | €226,031 | €273,498 | +€47,467 | +21.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €810,017 | €742,107 | -€67,911 | -8.4% |
| Amounts payable after more than one year | 17 | €732,494 | €667,309 | -€65,185 | -8.9% |
| Financial debts | 170/4 | €732,494 | €667,309 | -€65,185 | -8.9% |
| Amounts payable within one year | 42/48 | €76,556 | €73,799 | -€2,757 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €64,678 | €65,185 | +€507 | +0.8% |
| Trade debts | 44 | €8,378 | €8,614 | +€237 | +2.8% |
| Suppliers | 440/4 | €8,378 | €8,614 | +€237 | +2.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,500 | €0 | -€3,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,794 | €39,794 | = | 0.0% |
| Other operating charges | 640/8 | €9,008 | €9,285 | +€277 | +3.1% |
| Gross operating margin | 9900 | €102,617 | €113,998 | +€11,381 | +11.1% |
| Operating profit (loss) | 9901 | €53,814 | €64,919 | +€11,105 | +20.6% |
| Financial income | 75/76B | - | €257 | +€257 | |
| Recurring financial income | 75 | - | €257 | +€257 | |
| Financial charges | 65/66B | €6,770 | €6,256 | -€514 | -7.6% |
| Recurring financial charges | 65 | €6,770 | €6,256 | -€514 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €47,044 | €58,919 | +€11,875 | +25.2% |
| Transfer from deferred taxes | 780 | €1,132 | €0 | -€1,132 | -100.0% |
| Income taxes | 67/77 | €14,768 | €15,822 | +€1,055 | +7.1% |
| Profit (loss) for the period | 9904 | €33,408 | €43,097 | +€9,689 | +29.0% |
| Transfer from tax-exempt reserves | 789 | €10,895 | €4,370 | -€6,524 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,303 | €47,467 | +€3,164 | +7.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.