T&S: 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.
T&S
Largest movements
- Receivables within one year +€24,092
up €24,092 (+213.2%), from €11,299 to €35,392
of which Trade receivables: +€18,437
- Cash -€10,792
down €10,792 (-32.6%), from €33,138 to €22,346
mainly Receivables within one year (-€24,092) and Tax, wage and social debts (-€12,935)
- Deferred charges and accrued income -€2,839
down €2,839 (-70.2%), from €4,045 to €1,206
- Tangible fixed assets -€1,586
down €1,586 (-42.6%), from €3,722 to €2,136
- Profit (loss) carried forward +€20,504
up €20,504 (+54.3%), from €37,781 to €58,285
- Tax, wage and social debts -€12,935
down €12,935 (-98.2%), from €13,170 to €235
- Trade debts +€1,307
up €1,307 (+104.2%), from €1,254 to €2,561
- Gross operating margin -€6,017
down €6,017 (-16.4%), from €36,800 to €30,783
- Taxes -€5,205
no longer reported in 2025 (was €5,205)
- Financial charges +€3,055
up €3,055 (+142.0%), from €2,152 to €5,207
- Other operating charges -€439
down €439 (-20.5%), from €2,145 to €1,706
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 | €52,205 | €61,081 | +€8,875 | +17.0% |
| Fixed assets | 21/28 | €3,722 | €2,136 | -€1,586 | -42.6% |
| Tangible fixed assets | 22/27 | €3,722 | €2,136 | -€1,586 | -42.6% |
| Plant, machinery and equipment | 23 | €3,722 | €2,136 | -€1,586 | -42.6% |
| Current assets | 29/58 | €48,483 | €58,945 | +€10,462 | +21.6% |
| Amounts receivable within one year | 40/41 | €11,299 | €35,392 | +€24,092 | +213.2% |
| Trade receivables | 40 | €6,218 | €24,655 | +€18,437 | +296.5% |
| Other amounts receivable | 41 | €5,082 | €10,737 | +€5,655 | +111.3% |
| Cash at bank and in hand | 54/58 | €33,138 | €22,346 | -€10,792 | -32.6% |
| Deferred charges and accrued income | 490/1 | €4,045 | €1,206 | -€2,839 | -70.2% |
| Total equity and liabilities | 10/49 | €52,205 | €61,081 | +€8,875 | +17.0% |
| Equity | 10/15 | €37,781 | €58,285 | +€20,504 | +54.3% |
| Profit (loss) carried forward | 14 | €37,781 | €58,285 | +€20,504 | +54.3% |
| Amounts payable | 17/49 | €14,424 | €2,796 | -€11,629 | -80.6% |
| Amounts payable within one year | 42/48 | €14,424 | €2,796 | -€11,629 | -80.6% |
| Trade debts | 44 | €1,254 | €2,561 | +€1,307 | +104.2% |
| Suppliers | 440/4 | €1,254 | €2,561 | +€1,307 | +104.2% |
| Taxes, remuneration and social security | 45 | €13,170 | €235 | -€12,935 | -98.2% |
| Taxes | 450/3 | €13,170 | €235 | -€12,935 | -98.2% |
| Remuneration, social security and pensions | 62 | €1,768 | €1,780 | +€12 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,315 | €1,586 | +€271 | +20.6% |
| Other operating charges | 640/8 | €2,145 | €1,706 | -€439 | -20.5% |
| Non-recurring operating charges | 66A | €12,651 | - | -€12,651 | |
| Gross operating margin | 9900 | €36,800 | €30,783 | -€6,017 | -16.4% |
| Operating profit (loss) | 9901 | €18,920 | €25,711 | +€6,791 | +35.9% |
| Financial income | 75/76B | €1 | €1 | -€0 | -22.1% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -22.1% |
| Financial charges | 65/66B | €2,152 | €5,207 | +€3,055 | +142.0% |
| Recurring financial charges | 65 | €2,152 | €5,207 | +€3,055 | +142.0% |
| Profit (loss) for the period before taxes | 9903 | €16,769 | €20,504 | +€3,735 | +22.3% |
| Income taxes | 67/77 | €5,205 | - | -€5,205 | |
| Profit (loss) for the period | 9904 | €11,564 | €20,504 | +€8,940 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,564 | €20,504 | +€8,940 | +77.3% |
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 11 October 2026 via checked.be.