T & S GROUP: 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 GROUP
Largest movements
- Receivables within one year +€70,944
up €70,944 (+174%), from €40,696 to €111,640
of which Trade receivables: +€64,276
- Cash +€63,309
up €63,309 (+106%), from €59,670 to €122,979
mainly Net result for the year (+€150,017) and Tax, wage and social debts (+€85,969)
- Stocks and contracts +€35,160
up €35,160 (+383%), from €9,174 to €44,334
- Profit (loss) carried forward +€150,017
up €150,017, from -€35,268 to €114,750
- Accrued charges and deferred income -€111,015
down €111,015 (-80.9%), from €137,193 to €26,178
- Tax, wage and social debts +€85,969
up €85,969 (+443%), from €19,419 to €105,387
of which Remuneration and social security: +€53,001
- Trade debts +€45,627
up €45,627 (+45.5%), from €100,370 to €145,996
- Turnover +€1.1m
up €1.1m (+1,493%), from €75,016 to €1.2m
- Gross operating margin +€602,569
up €602,569, from -€13,696 to €588,872
- Purchases and services +€544,239
up €544,239 (+613%), from €88,822 to €633,061
- Staff costs +€394,167
up €394,167 (+2,227%), from €17,700 to €411,867
- Depreciation +€12,499
up €12,499 (+620%), from €2,015 to €14,514
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,764 | €451,361 | +€170,597 | +60.8% |
| Fixed assets | 21/28 | €171,224 | €171,457 | +€234 | +0.1% |
| Tangible fixed assets | 22/27 | €118,284 | €118,517 | +€234 | +0.2% |
| Plant, machinery and equipment | 23 | €93,421 | €90,788 | -€2,633 | -2.8% |
| Furniture and vehicles | 24 | €24,862 | €27,729 | +€2,867 | +11.5% |
| Financial fixed assets | 28 | €52,940 | €52,940 | = | 0.0% |
| Current assets | 29/58 | €109,540 | €279,904 | +€170,363 | +156% |
| Stocks and contracts in progress | 3 | €9,174 | €44,334 | +€35,160 | +383% |
| Stocks | 30/36 | €9,174 | €44,334 | +€35,160 | +383% |
| Amounts receivable within one year | 40/41 | €40,696 | €111,640 | +€70,944 | +174% |
| Trade receivables | 40 | €40,696 | €104,972 | +€64,276 | +158% |
| Other amounts receivable | 41 | - | €6,668 | +€6,668 | |
| Cash at bank and in hand | 54/58 | €59,670 | €122,979 | +€63,309 | +106% |
| Deferred charges and accrued income | 490/1 | - | €951 | +€951 | |
| Total equity and liabilities | 10/49 | €280,764 | €451,361 | +€170,597 | +60.8% |
| Equity | 10/15 | -€29,268 | €120,750 | +€150,017 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,000 | +€6,000 | |
| Share premium | 1100/10 | - | €6,000 | +€6,000 | |
| Profit (loss) carried forward | 14 | -€35,268 | €114,750 | +€150,017 | |
| Amounts payable | 17/49 | €310,032 | €330,612 | +€20,580 | +6.6% |
| Amounts payable after more than one year | 17 | €52,940 | €52,940 | = | 0.0% |
| Financial debts | 170/4 | €52,940 | €52,940 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,898 | €251,494 | +€131,595 | +110% |
| Trade debts | 44 | €100,370 | €145,996 | +€45,627 | +45.5% |
| Suppliers | 440/4 | €100,370 | €145,996 | +€45,627 | +45.5% |
| Advances received on contracts in progress | 46 | €110 | €110 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,419 | €105,387 | +€85,969 | +443% |
| Taxes | 450/3 | €2,070 | €35,037 | +€32,967 | +1,593% |
| Remuneration and social security | 454/9 | €17,349 | €70,350 | +€53,001 | +306% |
| Accrued charges and deferred income | 492/3 | €137,193 | €26,178 | -€111,015 | -80.9% |
| Turnover | 70 | €75,016 | €1,195,160 | +€1.1m | +1,493% |
| Non-recurring operating income | 76A | €110 | €26,774 | +€26,663 | +24,165% |
| Goods, raw materials, services and sundry goods | 60/61 | €88,822 | €633,061 | +€544,239 | +613% |
| Remuneration, social security and pensions | 62 | €17,700 | €411,867 | +€394,167 | +2,227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,015 | €14,514 | +€12,499 | +620% |
| Other operating charges | 640/8 | - | €427 | +€427 | |
| Non-recurring operating charges | 66A | - | €13 | +€13 | |
| Gross operating margin | 9900 | -€13,696 | €588,872 | +€602,569 | |
| Operating profit (loss) | 9901 | -€33,412 | €162,051 | +€195,463 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,856 | €12,034 | +€10,177 | +548% |
| Recurring financial charges | 65 | €1,856 | €12,034 | +€10,177 | +548% |
| Profit (loss) for the period before taxes | 9903 | -€35,268 | €150,017 | +€185,285 | |
| Profit (loss) for the period | 9904 | -€35,268 | €150,017 | +€185,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,268 | €150,017 | +€185,285 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.