T.S. INDUSTRIES: 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. INDUSTRIES
Largest movements
- Receivables within one year +€9,084
up €9,084 (+315%), from €2,887 to €11,971
of which Trade receivables: +€11,620
- Tangible fixed assets +€2,689
up €2,689 (+52.6%), from €5,111 to €7,800
- Deferred charges and accrued income +€2,345
up €2,345 (+490%), from €479 to €2,823
- Other debts +€7,045
up €7,045 (+11,741%), from €60 to €7,105
- Trade debts +€4,027
up €4,027 (+403%), from €999 to €5,026
- Tax, wage and social debts +€3,294
up €3,294 (+502%), from €656 to €3,950
- Gross operating margin +€16,183
up €16,183, from -€11,698 to €4,485
- Depreciation +€1,356
up €1,356 (+58.8%), from €2,308 to €3,664
- Other operating charges -€392
down €392 (-40.1%), from €978 to €585
- Financial charges +€229
up €229 (+46.6%), from €492 to €722
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.
Derived cash bridge
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 | €9,832 | €23,985 | +€14,153 | +144% |
| Fixed assets | 21/28 | €5,111 | €7,800 | +€2,689 | +52.6% |
| Tangible fixed assets | 22/27 | €5,111 | €7,800 | +€2,689 | +52.6% |
| Furniture and vehicles | 24 | €5,111 | €7,800 | +€2,689 | +52.6% |
| Current assets | 29/58 | €4,721 | €16,185 | +€11,464 | +243% |
| Amounts receivable within one year | 40/41 | €2,887 | €11,971 | +€9,084 | +315% |
| Trade receivables | 40 | €351 | €11,971 | +€11,620 | +3,313% |
| Other amounts receivable | 41 | €2,536 | €0 | -€2,536 | -100% |
| Cash at bank and in hand | 54/58 | €1,356 | €1,391 | +€35 | +2.6% |
| Deferred charges and accrued income | 490/1 | €479 | €2,823 | +€2,345 | +490% |
| Total equity and liabilities | 10/49 | €9,832 | €23,985 | +€14,153 | +144% |
| Equity | 10/15 | -€11,883 | -€12,096 | -€213 | -1.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,134 | €1,134 | = | 0.0% |
| Distributable reserves | 133 | €1,134 | €1,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,017 | -€16,231 | -€213 | -1.3% |
| Amounts payable | 17/49 | €21,715 | €36,081 | +€14,366 | +66.2% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,715 | €16,081 | +€14,366 | +838% |
| Trade debts | 44 | €999 | €5,026 | +€4,027 | +403% |
| Suppliers | 440/4 | €999 | €5,026 | +€4,027 | +403% |
| Taxes, remuneration and social security | 45 | €656 | €3,950 | +€3,294 | +502% |
| Taxes | 450/3 | €656 | €3,950 | +€3,294 | +502% |
| Other amounts payable | 47/48 | €60 | €7,105 | +€7,045 | +11,741% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €693 | €53 | -€640 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,308 | €3,664 | +€1,356 | +58.8% |
| Other operating charges | 640/8 | €978 | €585 | -€392 | -40.1% |
| Non-recurring operating charges | 66A | €892 | €0 | -€892 | -100% |
| Gross operating margin | 9900 | -€11,698 | €4,485 | +€16,183 | |
| Operating profit (loss) | 9901 | -€15,875 | €235 | +€16,110 | |
| Financial income | 75/76B | €489 | €380 | -€109 | -22.3% |
| Recurring financial income | 75 | €489 | €380 | -€109 | -22.3% |
| Financial charges | 65/66B | €492 | €722 | +€229 | +46.6% |
| Recurring financial charges | 65 | €492 | €722 | +€229 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,878 | -€107 | +€15,772 | +99.3% |
| Income taxes | 67/77 | €139 | €106 | -€32 | -23.3% |
| Profit (loss) for the period | 9904 | -€16,017 | -€213 | +€15,804 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,017 | -€213 | +€15,804 | +98.7% |
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 27 October 2026 via checked.be.