TC EXPRESS: 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.
TC EXPRESS
Largest movements
- Receivables within one year +€9,969
up €9,969 (+87.0%), from €11,452 to €21,421
of which Trade receivables: +€10,162
- Cash +€2,188
up €2,188 (+26.9%), from €8,125 to €10,313
mainly Trade debts (+€10,370) and Tax, wage and social debts (+€5,174)
- Tangible fixed assets +€1,753
new in 2025: €1,753
- Deferred charges and accrued income +€520
up €520, from €0 to €520
- Trade debts +€10,370
up €10,370 (+4454.7%), from €233 to €10,603
- Tax, wage and social debts +€5,174
up €5,174 (+138.6%), from €3,733 to €8,907
of which Taxes: +€5,174
- Contributions -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
- Accrued charges and deferred income +€1,417
up €1,417, from €0 to €1,417
- Profit (loss) carried forward +€1,297
up €1,297 (+29.4%), from -€4,406 to -€3,110
- Gross operating margin +€9,483
up €9,483, from -€2,435 to €7,048
- Taxes +€2,583
up €2,583 (+1319.6%), from €196 to €2,778
- Financial charges +€1,776
up €1,776 (+174.6%), from €1,017 to €2,793
- Depreciation +€432
new in 2025: €432
- Other operating charges -€142
down €142 (-12.8%), from €1,105 to €964
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 | €19,577 | €34,006 | +€14,429 | +73.7% |
| Fixed assets | 21/28 | - | €1,753 | +€1,753 | |
| Tangible fixed assets | 22/27 | - | €1,753 | +€1,753 | |
| Furniture and vehicles | 24 | - | €1,753 | +€1,753 | |
| Current assets | 29/58 | €19,577 | €32,253 | +€12,676 | +64.8% |
| Amounts receivable within one year | 40/41 | €11,452 | €21,421 | +€9,969 | +87.0% |
| Trade receivables | 40 | €11,259 | €21,421 | +€10,162 | +90.3% |
| Other amounts receivable | 41 | €194 | €0 | -€194 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,125 | €10,313 | +€2,188 | +26.9% |
| Deferred charges and accrued income | 490/1 | €0 | €520 | +€520 | |
| Total equity and liabilities | 10/49 | €19,577 | €34,006 | +€14,429 | +73.7% |
| Equity | 10/15 | €10,594 | €6,890 | -€3,703 | -35.0% |
| Contributions | 10/11 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€4,406 | -€3,110 | +€1,297 | +29.4% |
| Amounts payable | 17/49 | €8,983 | €27,116 | +€18,132 | +201.8% |
| Amounts payable within one year | 42/48 | €8,983 | €25,699 | +€16,716 | +186.1% |
| Trade debts | 44 | €233 | €10,603 | +€10,370 | +4454.7% |
| Suppliers | 440/4 | €233 | €10,603 | +€10,370 | +4454.7% |
| Taxes, remuneration and social security | 45 | €3,733 | €8,907 | +€5,174 | +138.6% |
| Taxes | 450/3 | €3,733 | €8,907 | +€5,174 | +138.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,018 | €6,189 | +€1,171 | +23.3% |
| Accrued charges and deferred income | 492/3 | €0 | €1,417 | +€1,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €432 | +€432 | |
| Other operating charges | 640/8 | €1,105 | €964 | -€142 | -12.8% |
| Gross operating margin | 9900 | -€2,435 | €7,048 | +€9,483 | |
| Operating profit (loss) | 9901 | -€3,540 | €5,653 | +€9,193 | |
| Financial income | 75/76B | €1,250 | €1,215 | -€35 | -2.8% |
| Recurring financial income | 75 | €1,250 | €1,215 | -€35 | -2.8% |
| Financial charges | 65/66B | €1,017 | €2,793 | +€1,776 | +174.6% |
| Recurring financial charges | 65 | €1,017 | €2,793 | +€1,776 | +174.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,307 | €4,075 | +€7,382 | |
| Income taxes | 67/77 | €196 | €2,778 | +€2,583 | +1319.6% |
| Profit (loss) for the period | 9904 | -€3,502 | €1,297 | +€4,799 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,502 | €1,297 | +€4,799 |
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 10 October 2026 via checked.be.